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Chocobaby
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Chocobaby
@judd_lambert69
Do you like dark chocolate? 🍫👇🏿
Katılım Ağustos 2022
344 Takip Edilen10.6K Takipçiler
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Russia is selling its gold reserves at a rapid pace:
The Bank of Russia's gold holdings dropped -900,000 ounces in the first 4 months of 2026, to 73.9 million ounces, the lowest since February 2022.
Gold prices averaged ~$4,800 per ounce over the same period.
Therefore, if Russia sold gold at the market price, the sales are estimated to have generated ~$4.3 billion in proceeds.
Russia's central bank began reducing its gold reserves last year after the Finance Ministry liquidated gold and foreign currency assets from the National Wellbeing Fund to offset budget deficits driven by declining energy revenues.
Before the pandemic, the Bank of Russia used to be one of the world’s largest official gold buyers, taking in nearly all domestically mined output until it halted purchases in early 2020.
Russia is increasingly selling gold to raise cash.

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Technology stocks are driving historic market gains:
The Information Technology sector has returned +225.7% since the bull market started on October 12th, 2022, leading every other sector.
This is followed by Communication Services, which has surged +212.3% over the same period.
Both sectors have outperformed the S&P 500's gain of +107.0% by more than 100 percentage points.
By comparison, industrials, consumer discretionary, and financials have risen +102.1%, +76.6%, and +70.8%, respectively.
Therefore, just 2 of 11 sectors have outperformed the broader market during the current bull run.
The market cannot thrive without tech.

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