Russia/Ukraine Crisis Effect on Stocks, Oil & Markets | Midas Letter RAW ft $NGC $CWRK
Stocks are slumping this Friday with continued worries over Russia’s invasion of Ukraine. The Russia/Ukraine crisis offsetting any chance of good news stemming from a strong U.S. payrolls report.
Hiring across the United States grew last month as the economy recovers from a labour slowdown caused by the COVID-19 and variants. The U.S. economy added 678,000 jobs in February. That’s an increase of 200,000 from the previous month and analyst predictions.
Oil prices have been surging with the escalating crisis in Eastern Europe, causing Ukrainian, with the latest news causing Europe’s largest nuclear power plant to catch on fire. Russia, obviously, is a key oil producer in the world.
Midas Letter is here to try to make sense of the geopolitical crisis in terms of financial impact and predict the effects on markets, stocks, and how high oil prices can go.
There are two exclusive interviews on deck in this week’s episode.
$CWRK is a FinTech company that builds turnkey blockchain solutions to expand exiting corporations’ markets and create strategic differentiators for their businesses. B2B solutions could include digital currencies, payment rails, NFTs, STOs, and any combination of digital assets inside an ecosystem.
$NGC is a mineral development and technology company focused on supplying the forecasted growth in EV/battery demand. The company intends to acquire two graphite mines from Imerys Group. Once completed the company will become the only North American and 3rd largest non-Chinese graphite producer.
00:00 – Intro
03:18 – Coming up
04:15 – Audience Questions
04:16 – How many users do Voxtur have?
04:45 – First reaction to Russia/Ukraine crisis for markets?
05:20 – Rate raise reduction due to the conflict?
06:04 – Colombia cheap cannabis impacting US market?
06:52 – Recession likelihood?
07:30 – Cathie Woods adding $ATAI to $ARKK ETF good for psychedelics?
08:06 – How high oil price destined to go?
08:53 – Is gold still the best safe-haven asset?
09:43 – Queen Elizabeth contracts COVID
10:02 – Russia/Ukraine war
12:20 – War effect on markets
12:36 – Gold
13:26 – Bitcoin $BTC
14:54 – Financial crash/correction probability
15:45 – Oil
17:03 – Copper
17:37 – US Copper (Formerly Crown Mining) $USCU
19:10 – Elon Musk
19:31 – Copper chart
21:26 – Lithium
23:50 – Interest rates (10-year rate)
25:46 – Dow Jones index ($DJI) chart
26:04 – S&P 500 index ($SPY) chart
26:19 – NASDAQ index chart
26:38 – Voxtur Analytics $VXTR $VXTRF
28:13 – 30-year Fixed Mortgage rate
29:07 – Housing indices
32:52 – CurrencyWorks Inc (CNSX:CWRK, OTCMKTS:CWRK) Founder Cameron Chell interview
43:57 – $CWRK Chart
44:12 – NFTs
44:44 – Russia/Ukraine crisis predictions
51:01 – Northern Graphite Corp (CVE:NGC, OTCMKTS:NGPHF) CEO Greg Bowes interview
59:25 – $NGC Chart