‘Nu’-ked: Gold Gains As Crude & Crypto Carnage Continues
The emergence of ‘nu’ has sparked demand anxiety in the crude complex and oil prices are collapsing.
WTI is down 5.5% testing a $72 handle, the lowest in over 2 months….
That is a 2 month low… Will Biden take credit for this?
Gold appears to be the safe-haven today…
Crypto is a bloodbath with Bitcoin hitting a $53,000 handle…
That is the lowest for BTC since early October…
But gold is gaining from safe-haven flows…
As the dollar sinks…
Rate-hike odds are plunging…
Is this the ‘event’ central bankers have been betting on to stem the inflationary tsunami?
Tyler Durden
Fri, 11/26/2021 – 08:51
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