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Strategies & Market Trends : Ride the Tiger with CD

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To: ralfph who wrote (294423)	4/2/2022 1:35:38 PM
From: flashforward2009	Read Replies (1) of 312395

Heard some things on Russia yesterday, none of it good for the west, IMO of course. 1) the two largest developing countries in the world, India and China are in Russia's corner, Brazil's official stance neutral all will continue buying their oil and other stuff. 2) a big surprise to me the Ruble has rebound, is almost back to prewar value. 3) of interest to gold investors Russian banks had paused buying their own gold, are to resume purchasing. 4) resource dependent countries import of Russian commodities continues almost unabated. 5) And Russia's SPFS alternative to SWFT is being adopted by India, China and others of lesser importance are already using it. OPEC+ will not increase oil production, refuses to take sides, guess that suggests to me the USD as the world's trading currency is not what it used to be. It appears to me Ukraine is a proxy war east vs west. Ukraine war: Russia, China look to develop closer ties in face of 'illegal' Western sanctions (msn.com)

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