‘Nu’-ked: Gold Gains As Crude & Crypto Carnage Continues

‘Nu’-ked: Gold Gains As Crude & Crypto Carnage Continues

The emergence of ‘nu’ has sparked demand anxiety in the crude complex and oil prices are collapsing.

WTI is down 5.5% testing a $72 handle, the lowest in over 2 months….

That is a 2 month low… Will Biden take credit for this?

Gold appears to be the safe-haven today…

Crypto is a bloodbath with Bitcoin hitting a $53,000 handle…

That is the lowest for BTC since early October…

But gold is gaining from safe-haven flows…

As the dollar sinks…

Rate-hike odds are plunging…

Is this the ‘event’ central bankers have been betting on to stem the inflationary tsunami?

Tyler Durden
Fri, 11/26/2021 – 08:51

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