Weekly Wrap - 22nd Nov - Gold + Silver + Oil Rebound

Trump Trade gets back on track

Hello Contrarian Capitalists. I hope that you are well and that you have had a great week.

First of all a massive thank you to all new and existing founding members, paid subscribers, free subscribers and followers!! It is a blessing to see the channel grow and to know that more and more people are enjoying and (more importantly) getting value from The Contrarian Capitalist! Thank you!

It has been a very interesting and yet scary week in the world. Ukraine struck Russia with US + UK long range missiles after the ‘Biden Admin’ decided to seemingly do a U-Turn on foreign policy.

Russia retaliated and has reiterated that it will not tolerate more strikes. I would imagine that more strikes will be on their way and that the situation will very unfortunately escalate.

I wrote here that it is important that you hold gold and silver. Geopolitical tensions are not going away anytime soon and war is inflationary!

I suggested at the start of the week that the major markets might correct this week. There was a slight pullback at the start of the week but the markets continued higher as we shall see in the charts.

Highlights this week include:

• Uptrend in place for the major markets

• Gold rebounds

• Silver rebounds

• Oil rebounds

• Nat Gas edges higher

• Worldwide issues have not gone away and the main fundamentals are still in play (and will likely be in play for the long run too)