02/03/2014


03.03 Overnight Asian-Middle East Market Watch: Japan Don’t like Borscht

  by John Galt March 2, 2014 20:15 ET To say the markets have opened up in a dour mood about the non-military military based invasion of the Crimea and threatened action in the Eastern Ukraine by Russia is an understatement. Japan’s Nikkei 225 has opened up down about 2.50% to start this evening’s festivities (charts via YahooFinance): South Korea is not doing much better down just over 1%, especially since the North fired more short range missiles this morning:   Australia is no fan of what Russia is up to…


03.02 Gold Opens with a tad bit of Ukrainian Urgency up $15+ early(UPDATED)

  by John Galt March 2, 2014 18:20 ET UPDATE 19:40 ET: (chart courtesy of INO.com futures)   Although the initial open indicated a shallow volume panic buy move, gold is still up over $7 per ounce and indicating that there is some degree of recognition that Russia is serious and the world is totally unprepared for the other new order about to be established. Prices will be interesting to watch tonight, that is for sure. (chart courtesy of NetDania.com)


03.02 STOCK MARKET ALERT: Risk the HELL OFF!

  by John Galt March 2, 2014 17:20ET One chart sums up the panic as the JPY/USD currency cross was above 102.40 on Friday and now is trading almost 100 pips lower: Needless to say when futures open in just under 45 minutes the Ukrainian crisis might hit home finally as the banksters in Asia, Europe, and the US realize that Russia no longer wants to play nice. Meanwhile the precious metals trade is quiet but have patience grasshoppers, it is early in the game. Once and if any shooting starts,…


03.02 Middle East Stock Markets Reaction to Ukraine Crisis: Zero, Zip, Nada

  by John Galt March 2, 2014 14:30 ET To say the crisis is being played up in Europe is one thing but the reaction of the first stock markets to open since the Russian invasion of the Ukraine was muted at best, irrelevant to even the most seasoned observer. First up for review is the Abu Dhabi General Index moving quietly down 0.29%: (all charts courtesy of Bloomberg.com) The Dubai Market in the UAE was down slightly more, some 0.85% but nothing to panic about: The Kuwait Stock Exchange Index…


03.02 Russian President Putin’s Version of the Obama Telephone Conversation Yesterday

  by John Galt March 2, 2014 13:55 ET While President Obama attempted to look macho in the photo the White House released of his conversation with Russian President Vladimir Putin, it failed to reveal how phony the man really is. Meanwhile, Putin had his girlfriend answer the phone and below the photo of them is the Kremlin’s official response from the Russian government website. Telephone conversation with US President Barack Obama March 2, 2014, 01:20 Tags: foreign policy, United States Vladimir Putin had a telephone conversation with President of the…


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