News, analysis and commentary for gold traders and investors

"Be Right - Sit Tight"

Jesse Livermore
Russia Envisions "Final Destruction of Russian-Norwegian Relations" over Arctic
Russia Envisions "Final Destruction of Russian-Norwegian Relations" over Arctic
***
GOLD MARKET WIRE...NEWS AND INFORMATION for GOLD TRADERS AND INVESTORS ....
GOLD MARKET WIRE...NEWS AND INFORMATION for GOLD TRADERS AND INVESTORS ....
***
*** GOLD MARKET WIRE ***
*** GOLD MARKET WIRE ***
***
Subscribe to receive our market report service:
Market Info
Feature coming soon.
Thank you for your patience

Gold Market Wire

News, analysis and commentary for gold traders and investors

Crude Oil and Gold Market Update

All Eyes on Crude Oil as War in Ukraine Begins

February 24, 2022 - (Gold Market Wire) - Gold and Crude Oil have risen sharply as Russia begins an all-out invasion of Ukraine. Right now the markets are focused on Crude Oil which, unsurprisingly, has gone vertical.

...over $100 per barrel, and not coming down any time soon

The energy complex has gone on a tear, and is now entering a new era where war premium will continue to keep prices high for months, if not years. What will the "Greens" have to say about that? Russia, who produces some 10 million barrels per day of Crude Oil will likely cut exports as they build reserves for military use. Wars take a huge incremental amount of oil to conduct, and the Russian military will doubtlessly be sequestering production for itself.

What a time for Germany to inhibit its energy imports, defund nuclear power and allow their economy to be run by "Green" interests that have failed to create atruly alternative form of energy. The German economy will suffer greatly, as the DAX has shown in the past few days by falling some 10%.

As for the Precious Metals, they are far more muted in their reaction.

Really, you'd have thought we'd be at all-time highs

Interestingly, the US Dollar is becoming the "safe-haven" asset in the fx world. The lack of a credible EU military has now revealed the vulnerability of Brussels' flag-ship project, the Euro, to military considerations. Currencies need to be backed by something tangible, as the saying goes...and there is nothing more 'tangible' than a strong, functioning military.

< Previous articleHome pageNext article >
<- Go Back