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oil up over 85-gold up 10 bucks today
- Thread starter Warrior4g
- Start date
The fed should have let the economy weaken now look what they did, dammm idiots.
Every other country is raising rates not our pussy fed, they cut so Goldman Sachs stock would stop falling, dammm idiots.
Every other country is raising rates not our pussy fed, they cut so Goldman Sachs stock would stop falling, dammm idiots.
Crack open a newspaper. It's because Turkey is threatening to attack northern Iraq to squelch some Kurdish cross-border attacks. Meantime, in a stunning display of their soaring intellect, the Dems are pushing ahead with a bill to declare the Armenian massacres of WWI by Ottoman Turkey a genocide, which is just further provoking them.
Enter geopolitics.
Enter geopolitics.
Quote from trefoil:
Crack open a newspaper. It's because Turkey is threatening to attack northern Iraq to squelch some Kurdish cross-border attacks. Meantime, in a stunning display of their soaring intellect, the Dems are pushing ahead with a bill to declare the Armenian massacres of WWI by Ottoman Turkey a genocide, which is just further provoking them.
Enter geopolitics.
Gold is higher and dollar is weaker because Turkey threatening?
Even in terms of oil - Turkey threatened last weak and we had a decent rally
Oil can't rally everyday 2$ because Turkey threatens every day.
This is a fundamental rally means how much your dollar worth
Quote from trefoil:
Look, gold is my biggest position. However, today's move is due to the Turkish situation. That's true in both gold and oil.
The move is always fundamental, however, geopolitics very frequently provides a nice little kicker.
I would say it's because of those newly invented SIVs
Banks will put 1 trillion of those - Fed will buy them using freshly printed, nice smelled dollars
And everybody will be happy, debt dissappeared, dollar devalued, China lost 10% of its reserves