Today, the DJIA as I write this little opinion piece is up 500+ points and gold is down from yesterdays high of $1,976 to $1,887 an oz. Why you may ask?
I have spent most of my morning figuring this out and there is basically three reasons. Lt's look ay what I found and interested in your opinion.
Russian Sanctions Before President O'Biden's speech, the DJIA was down as much as 800-pnts. By 1200 hrs. eastern, the DJIA had recovered some, only down 250-pnts. Then after O'Biden's crushing sanctions speech, the DJIA rebounded even more to finish the day up 92-pnts. So what happened?
The crushing sanctions were much less than expected. Kind-a like Jefferson Airplane's tune,
White Rabbit.
In short, here are the main two highlights from the sanction speech,
> The US as well as the EU will be able to buy oil from Russia, and
> Russia would still be able to be paid through the
SWIFT transfer system. Similar to Paypal.
US Fed Infusion of DollarsThe next item is the Fed came in and helped the DJIA to recover with an injection of money. They also worked on manipulating the Precious Market (PM's) because they do not want gold to go break the $2,000- level at this time.
Euro's moving from the EU to USA Last, through the use of SWIFT money transfer, EU investors are moving their euro's from EU markets to USA markets. Better to be invested in the USA than the EU.
I am no financial genius and do not give financial advise. I only write to what I am doing and at this case standing firm and not selling but buying USA stocks. I wrote about this back on January 24, 2022,
here.
Bottom-line, this post is to let
UP readers know what is going on. While Ukraine and Russian men & women are dying, business is as usual. Nothing to see here folks. Move along...Move along now.
