“It’s the market’s reaction to the news that matters, not the news itself.” Old trader truism
I don’t know about you, but I’m just fascinated by this whole Ukraine situation. It seems like things get worse and worse there day by day, week by week, and that we’re constantly on the verge of things blowing up, going totally out of control. Yet they don’t. So gold has mostly just moseyed lower and stock prices hug their all-time highs. What’s the message there?
Those (weak gold prices, strong stock prices) are not the signs of impending doom or East/West war. Now, the s#^$ can hit the fan at any time, in which case I take it all back! But it seems to me that what’s going on is that eastern and southern Ukraine is slowly being transferred into Russian ownership. Russia doesn’t want to ramp things up too much by an all-out invasion, and ... Log in or subscribe to continue reading.
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