Big selloff for gold equities today, NASDAQ up 3%. Very strange for US markets to be up on the back of a full scale war in Europe. Regardless, the fundamentals are there; Russia and Ukraine are some of the biggest commodities exporters in the world (including >10% of global gold exports), which accelerates global cost-push inflation in an already difficult environment and will be a drag on global growth. This is why you hold assets like gold, not for short term panic buying on invasion day. DYOR
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Big selloff for gold equities today, NASDAQ up 3%. Very strange...
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