Since my last release of these charts, the situation has gotten dramatically worse except for one market: GOLD.
Note the declines in Russian stocks, now off nearly 50% since the peak in summer.
Note the decline in Crude Oil, now off nearly 45% since the peak in summer.
Note the Russian Ruble, now off more than 70% since the peak in summer.
NOTE THAT GOLD IS FLAT IN THE SAME TIME PERIOD, despite it's sharp drop today.
The only asset the world wants to own, that Russia still has, is GOLD.
If we were to look at the US Dollar value of Russian stocks, I think they are off by 75% since the peak in summer.
We have just witnessed the crash of epic depression statistics in the Russian Market. There is plenty of blood in the streets here - the question becomes when does something change to make the bottom happen?
Tim 12:01AM CST (2:01AM EST) 12/16/2014 - 2 miles high in Colorado
Note the declines in Russian stocks, now off nearly 50% since the peak in summer.
Note the decline in Crude Oil, now off nearly 45% since the peak in summer.
Note the Russian Ruble, now off more than 70% since the peak in summer.
NOTE THAT GOLD IS FLAT IN THE SAME TIME PERIOD, despite it's sharp drop today.
The only asset the world wants to own, that Russia still has, is GOLD.
If we were to look at the US Dollar value of Russian stocks, I think they are off by 75% since the peak in summer.
We have just witnessed the crash of epic depression statistics in the Russian Market. There is plenty of blood in the streets here - the question becomes when does something change to make the bottom happen?
Tim 12:01AM CST (2:01AM EST) 12/16/2014 - 2 miles high in Colorado
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