“He was viscerally angry during the two speeches he made setting off this war—the recognition of the Donbass and then the declaration of war on Ukraine. "
Posts tagged as “ukraine”
[heading]Despite Ukrainian Chaos, Kiev Still Wants Gold[/heading]
Allegedly one month ago, under the cover of darkness, Ukraine put its gold reserves onto a plane and shipped them to the US for safekeeping. (they should have asked Germany first about this)
Though this story is not confirmed, amid the chaos in Ukraine, the gold market keeps coming up. And for good reason…
Sure, Ukraine owes Russia massive gas debts and sizeable bond maturities pending. Nevertheless, the first thing Ukraine will spend its International Monetary Fund loan on is gold…one billion dollars worth of gold, in fact. This is a continuation of a trend in Ukraine.
[heading]Is Palladium Going To $1,200?[/heading]
Palladium has risen to its highest level since 2011 due in part to escalating tensions in Ukraine, in particular that the supply of palladium from Russia, the world’s biggest producer, will be restricted. In 1999-2000 palladium ran to $1,200. Could it be heading to its old high?
Politicians and banks are suggesting increased sanctions against Russia’s banking and finance system, worsening the situation and increasing the likelihood that supply will be cut off.
Palladium has increased 13 percent this year as the threat of disruption to Russian exports added to supply concerns amid a miners’ strike in South Africa, the second-biggest producer. The introduction last month of two-exchange traded products backed by the metal tried to temper the volatility.