Nickel Price

Notes Today:

• Putin’s propaganda master arrested in NY: Dual U.S. / Russian National Charged With Acting Illegally As A Russian Agent In The United States | USAO-SDNY | Department of Justice justice.gov/usao-sdny/pr/d…

• Putin banning commodities exports to the US and its allies. The list of commodities & countries is to be published within 2 days. 
• Wheat bouncing all over the place..

• Poland to supply MiG planes to Ukraine

• The president of the European Parliament: "Putin does not equal Russia. For us, Russia is that of Navalny, Nemtsov and Magnitsky."

• 10 degrees F above normal is Siberia this past month.

• Ferrari and Lamborghini suspend production of cars for Russia – now that will really hurt.

• 800 McDonalds closing in Russia

• L'Oreal will temporarily close its offline and online stores in Russia

Russian joke of the day: Every time our Pinocchio lies, his table gets longer

The U.S. considers banning imports of Russian oil.

Given the atrocities being committed against Ukraine it is hard to see such actions not being imposed.

 Price Of Coal

Narcissism in a Nuclear World

Evolution has programmed narcissists to go only so far.

As destructive as narcissism is in almost all cases, there are some upsides to its existence. Indeed, the field of evolutionary psychology dictates that if narcissism had not produced some survival and reproduction advantages to our ancestors, it would have been weeded out by natural selection long ago. While not excusing or diminishing the abomination of bloodshed caused by narcissists, in our nuclear era one comfort we can take is that their traits may at least prevent an all-out world war from erupting.

Notes Today:

 

• 
  

• Wheat is up 7% and Crude is up 6%

• Hacking group Anonymous interrupts Russian state TV programs with footage of Russia's full-scale invasion of Ukraine and an anti-war message.
• It claims to have accessed TV channels “Russia 24”, “Channel 1”, “Moscow 24”, & streaming services Wink and Ivi

• Antony Blinken: The U.S. has given the “green light” to NATO countries if they choose to provide fighter jets to #Ukraine️.

• American Express suspends all operations in Russia

• TikTok: In light of Russia's new ‘fake news’ law, we have no choice but to suspend livestreaming and new content to our video service while we review the safety implications of this law. Our in-app messaging service will not be affected. 

• The Danish Prime Minister and a coalition of parties just announced that... The country will make itself independent from Russian gas. Defense spendings will be increased to 2 % of GDP. 

• Rosneft failed to make its $2 billion bond repayment today, while Gazprom is due to make similar payments tomorrow in the amount of $1.3 billion

Definition of Tyranny...(KAL)

Artist: @adamzyglis

Notes Today:

•  When reason prevails in Russia, Putin is lost.

• Visa and Mastercard will both suspend operations in Russia (Guardian) 

• It’s sickening to see how one deranged man can cause so much pain and suffering—and to think how many Americans empowered him with their adoration. @StevenBeschloss

•            The Kyiv Independent  @KyivIndependent⚡️Mariupol Mayor: Russia blockades city, denies humanitarian corridor. According to Mayor Vadym Boychenko, the city has been left without water and electricity, while 400,000 city residents are held hostage by the Russians.

Heating Oil

 NYSE Volume Advance Decline Line

 NYSE Advace  Decline Line

Copper Point & Figure Chart

Wheat in 3 charts: Ukraine War continues to add risk premium to World wheat prices. There remains concern that 12-14 mmt of Russia wheat and 5 mmt of EU wheat may not get shipped. Reuters: 

• Reuters: China's ag minister says winter wheat condition could be worst in history.

Wheat long term 

Wheat CPI adjusted

 

Quick Overview is up to date

Notes Today:

 

• Reuters: China's ag minister says winter wheat condition could be worst in history

• Bellingcat investigator Christo Grozev says that Russia has resources left for the war until Sunday, after which they will collapse. 

• Microsoft suspends all new sales of Microsoft products and services in Russia. 

• Samsung suspends shipments of phones, chips to Russia. Samsung has more of Russia’s smartphone market than Apple (also suspended) 

• How about Coca Cola, McDonalds, Pepsi, Estee Lauder, Mondelez, Kimberly-Clark   etc., etc.! 

• Russia has banned Facebook / restrictions on Twitter.
• PayPal stops working in Russia

• The Metropolitan Opera, soprano Anna Netrebko will not be performing this year due to her support for Russian President Vladimir Putin. The Met made several attempts to convince Netrebko, who has made statements critical of the war, to rebuke Putin but failed to persuade the singer.

And Putin's Ruble crashing right along

The end of the Putin delusion

 "A picture is worth a thousand words" 

"huddling" with officials..