Commodity Trade Mantra

Posts Tagged ‘Crimea’

Why Did the BRICS Back Russia on Crimea?

The BRICS’s support for Russia shows the Western-dominated post-Cold War order is eroding. It’s worth noting that the BRICS countries are supporting Russia at potentially great cost to themselves, given that they all face at least one potential secessionist movement within their own territories.

Russia Ukraine Tension Escalation Could Drive Gold Prices Higher

Worries about the likely financial fallout from the ongoing moves towards sanctions over Russia’s advances on Ukraine could drive gold sharply upwards short term, with the prospect of a sharp increase should matters escalate. But we shall see. Nothing is ever certain with the gold market.

What Led Russia To Crimea? The Real Stakes In The Fight For Crimea

Russia is not in Crimea to expand its territory but to oppose the immense power of the West & its financial institutions in New York & London. Everyone understands this is a conflict between Moscow & Washington & that these countries should negotiate a solution. What is the way to end this standoff?

China Warns West Not To Enforce Sanctions Against Russia

China’s top envoy to Germany has warned the West against punishing Russia with sanctions for its intervention in Ukraine, saying such measures could lead to retaliatory action, and that would trigger a spiral with unforeseeable consequences, adding that “we don’t see any point in sanctions.”

Russia Threatens to Impose Sanctions

Sanctions work, sort of, against Iran because the market there is miniscule. If Russia imposes retaliatory measures, you can bet sanctions cooked by the West will fizzle in short order. Obama & Congress may rant about the evil Vladimir Putin & the aggressive Russian bear, but that’s all hot air & rhetoric.

Crimea, The Fed, China And The Gold Price Pattern

While uncertainty around Ukrainian situation & Russia’s intentions has given gold prices an additional fillip, don’t expect this to continue. Ukraine and Crimea may prove to be a storm in a teacup. It is probably the US economy & China which will hold the key to gold’s path in the ensuing months.

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