Tomorrow is the day for release of the details about the additional sanctions on Russia by the US and Europe. So far, all the layers of sanctions imposed on them, have been much ado about nothing.

They have done little to hurt or affect Russia despite what Western propaganda tries to portray. This new round of what may be mostly on aluminum and nickel, will likely be more of the same, a big nothing burger. However, there is one potential wild card.

If the Big One, is implemented, as oppossed to it’s previously only being threatened, then markets could react violently. I am referring to the previous threat of actually seizing the Russian reserves, including gold, that so far have only been frozen.

No hint on that, but one thing I would look for as a tell would be if the announcement is scheduled for AFTER 4PM tomorrow. If they are going to do that, they know it is likely to impact the markets negatively(positive for gold) so they won’t release the news during trading hours in the US.

If they release tomorrow morning or during the trading day, than it most likely will just be more of the same. A big nothing burger. https://www.zerohedge.com/commodities/aluminum-prices-soar-after-biden-says-major-sanctions-package-against-russia-imminent