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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (154338)3/13/2020 5:42:46 PM
From: Dr. Voodoo  Read Replies (1) | Respond to of 218005
 
It's like if someone gave you an opportunity to get out,,,,, held the door wide open even.



To: TobagoJack who wrote (154338)3/13/2020 11:07:43 PM
From: carranza23 Recommendations

Recommended By
Dr. Voodoo
frankl
Pogeu Mahone

  Read Replies (4) | Respond to of 218005
 
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.