Ya everything except gold. Lol.
Before I even start…..quickly ask yourself “what person under the age of 40 do you think will ever EVER EEEEVER in their lifetime consider buying gold?” Go ahead…ask your kids…ask your grand kids. See what they say / know.
Don’t you get it? It’s a dead asset. With the advent of Bitcoin ( a digital gold with a finite supply and no means to manipulate ) there’s not a millennial on the planet that even cares or knows gold’s current price, let alone is “pining away for an entry”.
It’s done. It’s over. It’s been replaced. Stop looking at it and move on.
The U.S Dollar Topping out as I write. You serious can’t make this up. I come out of hiding / throw out a bone and literally “nail it on the day”? It’s the same thing over ‘n over ‘n over n’ over.
When RISK is off ie…..Russia blowing the shit out of Ukraine and the continued fallout of millions of people out of work due to Covid, people freak out and “sell their assets” = right? So which currency do you think benefits from this “macro move”? Do I need to spell it out? UUUUU….SSSSSS…..DDDD.
So………
When RISK is back on…..it’s simply the opposite. US Dollars flood “out of people’s bank accounts” and “in to stocks / crypto / risk assets in general” ya? You get it? There’s really only one trade…fear = usd up / greed = usd down.
I assume The Fed does it’s thing on Wednesday, fear subsides and it’s all rainbows ‘n sunshine for the rest of the year. Maybe we get outta dodge late November, but let’s take things one step at a time.
You can ask me questions you know…don’t be afraid. I don’t bite – hard.
How big of a hike? As a .50 is baked in, will it have any affect on WTI? Low on S & P? 3500? As for gold if Russia is trying to change the system and gold is a base in India, China and Russia, you see no use for it?
It would be fantastic if they surprise markets and only do the .25 point, as the full .50 is most certainly priced in. In fact, I see the entire yearly rate cycle “now priced in”. We aren’t gonna die. It won’t tame inflation but it keeps fed from lookin any dumber than we already know they are.
As soon as Russia has completed it’s business in Ukraine….oil will revert to the mean / head back down.
The BRICS bank has been working on it’s own system for several years now….this may be the start of them “as a whole” ditching trade in USD…I don’t see gold reserves having any merit or anything to do with it really.
Sooner than later they will just flip to a digital currency like every other country so…..again crypto / digital assets can only go higher.
Thanks Dan I appreciate you reachin out
You’d have to assume that Putin / Russia with all it’s resources / knowledge / understanding of the GLOBAL economy would have surely anticipated these sanctions and the general fallout from it’s move into Ukraine right…like…it’s not just “some guy” deciding on a whim to invade another country. We can clearly see that Russia and it’s allies are more than ready to make the move away from the hegemony of the U.S Dollar, and the racket the U.S has on global trade ( thru the reserve currency USD ).
So far it doesn’t look like Russia has even blinked ie…..the article below also supports the idea that – they are fully prepared for whatever comes next.
https://www.reuters.com/business/finance/russia-calls-integrating-brics-payment-systems-2022-04-09/