Loading ...“That would be great to have a negotiated peace! We’d take a short term hit but OK.”
Yeah, I agree. This Ukraine thing is tough to watch. I think we’ll probably have a few iterations of peace breaking out, and like today, commodities will all take a hit. USD taking a little hit with them today.
I don’t know how ugly it will get on this pullback, but knowing how brutal these pullbacks usually are, I’m afraid to hazard a guess. Gold might be about to get real volatile, silver even more as usual.
Have to remember that just like oil and inflation, gold was moving up before the Ukraine thing and hopefully will return to most favored currency.
Lastly, I have a hard time believing that Russia is begging China for help with the war, maybe the economic side which we already know. There’s so much propaganda on both sides it’s hard to know what the truth is.