TEN EYE OPENING OBSERVATIONS ABOUT THE MOVE IN GOLD ON POTENTIAL INVASION OF UKRAINE BY RUSSIA $GLD $SLV $ABX $NEM $GDX $GDXJ $GG $SLW $PAAS $CDE
There is a big dichotomy going on in the gold market related to frenzy about potential invasion of Ukraine by Russia. Here are ten observations. The annotated tick chart of gold futures will help you follow along.
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- Gold has moved up very strongly on frenzy being stirred by the media based on a comment by Polish official yesterday that Russia will invade Ukraine.
- Ask yourself this question, “How likely is it that Russia will share its plans ahead of time with an official of Poland knowing that Poland is now a member of Russia’s arch rival NATO?”