Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Mar 7, 2022 - 13:16:36 PST
Using the financial systems as a weapon against enemies may backfire on advanced economies, costing them three ‘risk-free’ status, believes former Federal Reserve trader Joseph Wang.
GOLD & SILVER INVESTING CHANNEL
In Times Like This, There Is No Alternative to Gold
EVAN HARP MARCH 3, 2022
Geopolitical uncertainty abounds as the Russian invasion of Ukraine hits the one-week mark. Gold prices are holding above $1,900 an ounce and are poised to surge further.
Dow Drops Nearly 800 Points As Market Turmoil Continues From Russia-Ukraine War, Inflation FearsMar 7, 2022 - 13:11:22 PST
Stocks fell again on Monday as investors grew concerned higher energy prices stemming from the Russia-Ukraine conflict would slow the economy.
Russia-Ukraine conflict-driven commodity price spikes and the resulting higher inflation expectations have prompted money managers to extend their net long gold exposure. Strategists at TD Securities believe that the yellow metal could reach 2020 summer highs of $2,075.
How did you go bankrupt? Two ways. Gradually, then suddenly.” - Ernest Hemingway, The Sun Also Rises
Russia's War on Ukraine Is a 'Defining Moment' of the Century, Says John KerryMar 7, 2022 - 12:54:15 PST
Energy price volatility is "something we're going to live with for a little while," said John Kerry, who oversees climate issues for the Biden administration.
Sending weapons to Ukraine will lead to 'global collapse’: Ifx Cites Russian Foreign MinistryMar 7, 2022 - 12:50:06 PST
Sending foreign weapons to Ukraine will lead to a "global collapse," Interfax news agency cited the Russian foreign ministry as saying on Monday.
Today’s long-term “monthly” chart highlights an important test for the U.S. Dollar… and the global financial complex!
Mar 7, 2022 - 12:15:31 PST
The ruble plunged after the US and its allies discussed further retaliation against Russia's invasion of Ukraine via an embargo on its oil supplies.
A Goldman Sachs Group Inc. analyst warned an escalation of Russia’s conflict with Ukraine could spark “malicious cyber activity” with the potential to inflict significant economic and social costs.
Although the United States is bracing for retaliatory Russian cyberattacks, experts in the field say the Kremlin is likely still weighing whether destructive action in cyberspace is worth the blowback.
President Vladimir Putin said on Saturday that Western sanctions on Russia were akin to a declaration of war and warned that any attempt to impose a no-fly zone in Ukraine would lead to catastrophic consequences for the world.
Soaring gas prices and rapidly shifting trade decisions suggest that events of the past two weeks will be felt everywhere for years.
The cost of insuring Russia’s government debt rose to a record high after President Vladimir Putin signed a decree allowing it to repay foreign creditors in rubles, raising concerns about the prospects of a default across the country’s $33 billion of dollar bonds.Most Read from BloombergStakes Rise as Putin Says His War in Ukraine Will ContinueChina Warns U.S. Against Forming Pacific NATO and Backing TaiwanUkraine Update: U.S. May Go Alone on Russia Oil Ban; Crude SoarsUkraine Upd
Over the past week, we first noted that amid broad economic sanctions, there were numerous Russian gold refiners on the LBMA's "Good Delivery" list, and subsequently we said that this "begged the question as to what would the LBMA do about the large number of Russian gold refineries on the LBMA Good Delivery Lists, refiners which are embedded with the Russian banks in the Russian gold market."
Money is a surprisingly complex subject.
Money is a surprisingly complex subject. People spend their lives seeking money, and in some ways it seems so straightforward, and yet what humanity has defined as money has changed significantly over the centuries.
Elizabeth Warren is pushing this particular narrative very hard.
“The S&P 500 is more expensive ahead of the first rate hike than any other cycle besides 1999-00,” they said.”
Mar 7, 2022 - 11:12:38 PST
In that same short span of time, risks to markets have gone from non-existent, to potentially grave. 5 months is nothing; it’s a split second when gauged relative to the reaction times of 27 year old guys named Kyle who help draw up models to justify 45x P/Es on sell side reports.
Americans face unprecedented economic fallout from the Biden Administration's continuing intervention in the Russia/Ukraine conflict. Gas prices are reaching record highs. Commodity priced, including wheat, are soaring. The US (and global) economy is teetering toward disaster.