Awesome Stocks

[gfp927z]

Bigworld, As usual, gold has dropped along with the stock market, though not quite as much, down approx 9% vrs 14% for the S+P 500. But silver has been worse, down 16%.

In the Rickards interview you posted, he said that Russia has apparently pegged the ruble to gold with a fixed exchange rate. So that means higher gold prices will help the ruble, and work against the US/West's efforts to weaken Russia. So it wouldn't be surprising to see active price suppression of gold by the London/NY pricing mechanism.

Higher gold prices also make the Fed's job of fighting inflation harder, so that's another reason for the US/West central banks to suppress gold right now.

Rickards mentioned that in a recent press conference, a top US military figure said the US goal is to drag out the Ukraine conflict as long as possible, in order to degrade and wear down Russia's economy and hopefully achieve regime change and removal of Putin. So based on that, we can probably expect a long conflict. On the other hand, that should make the Fed's job with inflation harder, and make a global recession more likely. So 1970's style stagflation may be what lies ahead, a toxic combination of recession and high inflation.


____________________