Russia & Ukraine

Lets trigger our american nazi loving friends again

UAE yesterday . BTW do americans know what is UAE? LOL

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Lol

"Lol"

Not sure RTX is a good trade for anyone believing in any sort of settlement. RTX is an etf that is currency UNhedged. The ruble lost nearly 65% against the US dollar since the beginning of the invasion. RTX is "only" down 75%. A much better (and cheaper) and less risky play is via usd/rub cash fx. I have not traded the ruble in a while so I am not sure whether brokers offer it at the moment and at what spread. But the tracking error in RTX can be massive in the next few days. I would be very cautious trading this etf. I would much rather watch a collapse in oil and trade futures if I truly believed in some sort of agreement with Russia. The West will maintain sanctions on Russian state affiliated corporations for a long time, especially resource and financials. But we are addicted to oil like some cheap whores and we can't source enough of the black gold. As soon as an agreement of some sorts is reached Brent and crude will easily trade below 90. This is the trade I look for.
 
Team Kaka, M.W., you are on team Kaka. Let that sink in. The place is lousy with Russians and has been a long time, what a shocker. The psychopath prince of Saudi Arabia also a Putin fan. What else is new?



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Another story on that DeadGen:-

Top Russian general killed


Valery Gerasimov. Kremlin/WikimediaCommons

A Russian general was killed in a missile strike, at least the fifth to die in Ukraine since Moscow launched its full-scale invasion.
Sergey Goryachev’s death in southern Donetsk highlights early progress in Kyiv’s counteroffensive and the limited options available to Valery Gerasimov, the chief of Russia’s general staff, according to the retired Australian general Mick Ryan: He can wait and see how Ukraine’s strategy plays out, or he can take the politically tough but militarily effective choice of pulling back.

“There is an old saying that ‘when your enemy is making mistakes, don’t get in their way’,” :D Ryan wrote. “Gerasimov has shown an aptitude for making strategic mistakes.”
 
Our girl Olga Skabeeva once again being the military genius that she is.

Scroll down to video.

She thinks everything would be fine if only they had 2-3 million Chinese soldiers in Russia to help them.

Okay, that's a plan a guess.


Millions of Chinese Troops 'Needed' in Putin's War, Russian TV Host Says (msn.com)
Hey Tree....
Is this thing about Putin closing down the Sea of Azov gonna mess with grain prices?
There was a market reaction earlier but it pulled back a little.
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Putin cancels deal with Ukraine on Azov Sea, Kerch Strait use

Russian President Vladimir Putin signed on Tuesday an executive order that confirms the cancelation of the agreement on the cooperation on the use of the Sea of Azov and the Kerch Strait his country and Ukraine adopted in 2003.

The news was confirmed when the document Putin signed became available on the website of Russia's legal information service.
 
Europe was supposed to be facked without Russian oil and especially natty gas?

Funny thing happened on the way to tight supplies. They found other sources and the economy has dramatically slowed.

(Oilprice.com)

- Even though European natural gas prices have plummeted some 60% compared to June 2022 figures, with prompt-month TTF futures hovering around the €30 per MWh mark, the continent’s industrial gas demand remains weak.

- Aggregated gas consumption in Germany, Italy, France, Spain, the UK, and the Netherlands is down 9.7% year-on-year, showing the growing pains of Europe to get its industry back on a path of growth.

- The Eurozone’s manufacturing PMI came in last month at the weakest reading since the first COVID months of 2020, at a mere 44.8, marking the weakest moment so far after a year of industrial contraction.

- Germany’s demand destruction is by far the largest of all major European countries, down 15% year-on-year, with key energy consumers such as steelmakers and chemical holdings still reluctant to fully restore production.
 
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