Daily FX/Brendan Fagan/2-11-2022
“Risk-assets plummeted on Friday afternoon as reports surfaced suggesting US intelligence believes a potential Russian invasion of Ukraine could come ‘as early as next week.’ New intelligence revealed on Friday states that Vladimir Putin has given the supposed ‘green light’ on an invasion of Ukraine, and US officials fear that move could come before the conclusion of the Winter Olympics in Beijing.”
USAGOLD note: To be clear, the reference to “next week” in the headline is this week. (Happy Monday!) We do not claim to be experts on military policy. At the same time, it seems logical to think that Putin would not have mounted a massive and costly invasion while simultaneously making demands he knew the West could not meet unless his real intentions were to invade. Whether or not it comes this week – well, that depends on the man with the corner office at the Kremlin.
