Ruble is a gold success story ✨

Ruble is a gold success story ✨ Sanctions, tariffs, raising M2 - it doesn't care Central Bank Of Russia sold off their US bonds & loaded up on gold ⬇️ US bond prices are down ⬆️ Gold is up ⬆️ Ruble is up against USD Expect this playbook to be repeated by others

not all bonds are the same 🇺🇸🇯🇵🇪🇺🇷🇺 while US, EU & Japan yields are soaring 📈 Russian bond yields are falling 📉 🇷🇺 10Y bond yield down 8% since March just like i wrote more than 3 months ago check my posts for a detailed expiation & what's coming next 👇

🇷🇺 Russian 3Y bond yield is down ≈20% over the last 3 months 😳 of course - this isn't a surprise to you if you've been following my posts. i wrote extensively about this the biggest reason behind the sharp drop today is the recent 200bp key interest rate cut down to 18%