To: carranza2 who wrote (184681 ) 3/2/2022 5:22:06 AM From: TobagoJack Read Replies (1) | Respond to of 217615 Armstrong notes re Gold, a clip & paste as followup to Message 33736062 Message 33736061 , andMessage 33736039 Gold & War & Gold Backed Ruble Blog I have warned before that gold really does not rise simply based upon inflation. It has exploded due to geopolitical events that implicate the CONFIDENCE in government. Here gold rallied to test the Breakout Channel from beneath yet February failed to close above two important near-term Monthly Bullish Reversals warning something is not quite right. The war in Ukraine is serious. For if Putin has his back up against the wall and it appeared that Russia would lose, then the entire fate of Russia is on the line and he could then unleash surgical tactical nuclear weapons. This is NOT a confrontation that we should be cheering on for a Ukrainian victory would be devasting for the entire world. That would put Russia's superpower status in question and that is not something Putin will accept. That said, when we look at the Weekly Array, this week was a target followed by a Directional Change next week. My concern remains for the first week of April where we have Panic Cycles showing up in many markets. Note that the volatility rises following the ECM turning point of March 14th, 2022. The dollar is at a 14 year high against the Ruble. Note that our computer is projecting higher volatility beginning here in March and building into the summer with a serious Panic Cycle in September. Putin is probably the smartest world leader. He is strategic and cunning. Since Biden has stupidly removed Russia from SWIFT, now even China sees that the SWIFT system is political and is moving at top speed, based upon sources, to launch an alternative to SWIFT. The counter-measure Putin can take is to back the Ruble with gold, but only domestically which would be the REVERSE of what FDR did. Block any conversion to gold internationally and thereby create a two-tier currency - Domestic v International. All we can do is pray that this is resolved diplomatically. But we have no real-world leaders right now and they are all just listening to their military advice who never saw a war they didn't want to fight with everyone else's children. This is the dream come true for NATO and the military if they think they can see Putin defeated. At that point, the fate of Russia hangs in the balance and it is time to push the button.