2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 380.20

+1.6%

Nov 24 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

Recommended by:

Dr. Voodoo

frankl

Pogeu Mahone

To: TobagoJack who wrote (154338)	3/13/2020 11:07:43 PM
From: carranza2	3 Recommendations Read Replies (4) of 218007

A random thought: Russia has huge gold reserves, some 2200+ tons worth about USD 110 billion. As part of the tussle between Russia/Saudi Arabia and the USA re: shale oil, it makes strategic sense for the USA banks to manipulate gold significantly to the downside. A USD 50-60 bn gold hit on Russia, coupled with decreased oil revenue and sanctions, will definitely hurt Putin. And any gold holder. Perhaps this is the reason why Putin has refused to close the door to further negotiations with the Saudis and OPEC. With all-in production costs of $20 and demand and thus the price of oil down thanks to the virus, Putin is definitely not in the driver’s seat. And just wait until the virus hits Russia. In my estimation, and for what it might be worth, All the ingredients for an oil deal seem to be in place. oilprice.com Imagine the boost to oil stocks if a deal is struck soon. And the hit to gold, if it isn’t. Welcome to the casino.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next