All the chest beating Biden has done over the past few months warning Russia all hell will break loose if they dare invade.The action just started. Gold likely to bounce around this price, but anyone who thinks that Ukraine will be settled quickly is very naive. Biden is clearly provoking Putin by sanctioning him. When was the last time a great power leader was sanctioned?
This is a great humiliation that Putin will retailate and further escalate the conflict which is what Biden wants.
The US still has a lot to go on sanctions even without touching SWIFT.
Biden didn't bluff (I'm a Trump supporter by the way). He said right from the beginning the US won't send troops into Ukraine, at least officially. Of course, I don't believe his words just as I don't believe Putin says he has no intention to invade Ukraine. The US will somehow get involved, even if it's through another country such as Belarus.
As for his perceived weakness. Sun Zi art of war says when you're strong, act weak. When you're weak, act strong.
Europe will find another source of energy just as Australia has found other export markets. Commodities will eventually flow to the end buyer even if it means going through a middleman, but the middleman will take a huge 50% cut and I can bet with you that middlemen are most hated.
From our point of view, if you lose more than me, I'm the winner. Only Westerners believe in win win. In a way, it's true, in war, the side that loses the least wins.
If Ukraine is taken over completely, Australia isn't safe either. Alor says Taiwan is at the bottom of the list. So what is the top of the list? I'll complete his sentence. Australia is higher on that list than Taiwan.
Give it 2 weeks and Ukraine will surrender ( Once they realise that the antagonists encouraging them have abandoned them)
As for Biden, he will probably be in nappies in 2 weeks the way he is degenerating. I think Putin feels sorry for him more than anything.
As for sanctions.......Who's got the gas?
Putin is not without friends.
first was air denial accessAnother 3 days to go.
Give it 2 weeks and Ukraine will surrender ( Once they realise that the antagonists encouraging them have abandoned them)
As for Biden, he will probably be in nappies in 2 weeks the way he is degenerating. I think Putin feels sorry for him more than anything.
As for sanctions.......Who's got the gas?
Putin is not without friends.
Good to see the gold price at 2600 Aussie Pesos again.
Can any smart person tell me from looking at the chart below, which is the only currency backed by a tangible asset?View attachment 67867
arbitrage opportunity!Good to see the gold price at 2600 Aussie Pesos again.
Can any smart person tell me from looking at the chart below, which is the only currency backed by a tangible asset?View attachment 67867
That it JPM pressing the dump button at the COMEX on command from the CFTC to defend the dollar!Any thoughts on wtf this is? No gold correlation...
View attachment 68121