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Strategies & Market Trends : Value Investing
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To: E_K_S who wrote (70536)6/23/2022 9:46:44 AM
From: bruwin2 Recommendations

Recommended By
Area51
Lance Bredvold

   of 78773
 
"China is a huge driver of demand for these commodities"

Yes, that is undoubtedly the case. They are taking in large volumes of piped Natural Gas and oil from Russia having entered into long term contracts with Russia, while the EU carries on with their "Sanctions Hysteria" against Russia which is certainly going to hurt the EU far more than how it will hurt Russia, especially when the Freezing weather arrives and numerous European countries have little or no Natural Gas reserves ......

The lack of success of these "Sanctions" can be seen in the strength of the Ruble from around RUB80/USD in February this year to its current RUB55/USD. This has also come about because Russia has demanded that "Unfriendly" countries must pay for their Natural Gas in RUSSIAN RUBLES through GAZPROMBANK ....
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