I don’t think they give a foetid dingo’s kidney about the PMs or currencies. At least, not as an object for specific support or attack. Rather they are concentrating on what is good for them. Putin is incredibly pragmatic – if he could benefit from a strong dollar, he would use it. He announced Russia would be buying gold in September, October and November, and it looks like he is. Why he would announce that I have no idea – but I suppose it really doesn’t affect the price, if you are a serious, large buyer, it’ll go up anyway. Putin holds all the aces. Gas, oil, gold, palladium, chromium, wheat, vodka; allies in Brazil, India, China …. BRICS and Co really don’t have to care about outsiders.
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