G7 To Ban Russian Gold Imports

Discussion in 'Commodity Futures' started by Pinocchio, Jun 26, 2022.

  1. maxinger

    maxinger

    this is probably a trivial news;
    The gold price hardly moved.




    Less sources, higher prices

    ------->


    no significant change in sources,
    no significant change in gold price
     
    #11     Jun 26, 2022
  2. Pinocchio

    Pinocchio

    Commodities have been going down after initial run-up when the war started, even energy prices are still high. It could be a catalyst which would force Russia to default after all the sanctions.

     
    #12     Jun 27, 2022
  3. Christ, I'm expecting America to default first. They already did so on August 15th, 1971.

    As for catalysts, I would imagine in the binomial distribution somewhere, there is maybe a 5% chance a nuclear arm detonates at some point during the war.

    I think THAT may just cause a sudden shock to everyone's little modeling-box.


    It's ok to be wrong though. We can always just pull the LTCM excuse and say "Oh, THAT was a 10-sigma event, no way could I have predicated THAT! My modeling was perfect otherwise!"
     
    #13     Jun 27, 2022