Market Rundown | Oil, Gold Analysis
Bloomberg and TD Bank on Gold and Oil and Russia
Housekeeping: There are several good reports today beneath the fold. They cover the bearish case in oil, the bullish case on Gold, and the economics of sanctions.
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Good Morning: The dollar is up 17 points. Stocks are slightly softer. Bonds are stronger resuming their “flight to safety” role. Gold is up $15. Silver is up 28 cents. Oil is up “only $1.69 after breaking $115 last night. Grains are up again, with Wheat being the mover. Bitcoin is down a little.
What is going on:
Our quick comments and focus. NOT ADVICE. but experienced observations that are dynamic and evolving
The only thing that matters to these markets right now is news out of Europe on Russia.. But they won’t ignore inflationary news if it comes
Whatever came of the Russian Ukraine ceasefire talks, Oil and Gold had none of it. The dips were bought and now we are where we were, and higher
Markets are pricing demand not supply. As in: there is no supply, so buy it now, or wait for bearish news to buy it.
Russia is now unleashing the retial in Gold.. they removed VAT tax, and their finance minister is telling the world, Gold is an alternative to the dollar
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Cheers
Posts:
Bloomberg: draws parallels between now and 2008 Oil, gold. Paints a Bullish picture on Gold versus oil in aftermath of that event
TD Bank: assesses the sustainability of the Oil rally
TS Lombard: breaks down the US/Russian Sanction effect on American business
Podcast
Technical Analysis Gold, Oil, Bitcoin
Zen Moment
Have a good one
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