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Tension ruled the markets all over the world Monday, the damage in Canada as elsewhere an indirect result of apprehension over Russia’s next move involving Ukraine. The S&P/TSX Composite lost 196.33 points to finish out the day at 21,352.51. The Canadian dollar fell 0.31 cents at 78.55 cents U.S. Health-care stocks got bludgeoned, as Canopy Growth tumbled 96 cents, or 8.2%, to $10.75, while Tilray skidded 47 cents,or 5.2%, to $8.57. In energy plays, Vermilion Energy swooned 67 cents, or 3%, to $21.67, while Tamarack Valley Energy lost 11 cents, or 2.2%, to$4.93. Financials also took a pasting, most notably, Trisura Group, down three dollars, or 7.5%, to $37.20, while Brookfield Asset Management slid $1.57, or 2.1%, to $72.43. Gold tried to even things out, with Wesdome Gold hiking 58 cents, or 4.5%, to $13.18, while Eldorado Gold gained 39 cents, or 3%, to $13.18. Materials also pointed upward, as Agnico Eagle Mines jumped $3.25, or 5.1%, to $66.71, while Silvercrest Metals spiked $3.25, or 5.1%, to $66.71.

Equities struggled out of the gate Monday as investors, already trying to keep one eye trained on any signs of the Federal Reserve''s next move, had to keep their other eye out for developments in Eastern Europe. Citing the ongoing buildup of Russian troops along the Ukrainian border, Secretary of State Antony Blinken today ordered the U.S. Embassy in the capital Kyiv closed, sending staffers there west to Lviv. Multiple reports say U.S. intelligence believes an attack could come this week. SEE MORE The 15 Best Value Stocks to Buy for 2022 "Open hostilities could cause disruptions to supply chains, and Western threats to impose financial sanctions could cause issues for banks that have extended credit to Russian guarantors," say Jason Pride and Michael Reynolds, CIO of private wealth and vice president of investment strategy, respectively, at investment firm Glenmede. The direct impact would be limited, though, with the pair noting that "Russia and Ukraine combined represent less than 3% of global GDP and 0.5% of global equity market capitalization." "The escalation of Russia and Ukraine tensions come at a time when the stock market is already vulnerable given inflation worries and the potential for Federal Reserve tightening," adds George Ball, chairman of investment firm Sanders Morris Harris. "If an armed conflict between Russia and Ukraine is somehow avoided, a short lived relief rally is likely, but there are still too many worries on the horizon for any type of longer lasting upward move higher in stocks." The growing conflict continued to put a spark into energy prices, with U.S. crude oil futures closing up 2.5% to $95.46 per barrel their highest close in more than seven years.

Alternative investment platform, Vint recently launched an offering for shares of its Rhone Valley Collection, featuring the top wines from the Northern and Southern Rhone Valley in France. The collection includes 360 bottles valued at over $150,000. The Rhône 100 index from Liv-ex is at its highest level ever, seeing 15.8% growth over the past 12 months. The index collectively outperformed top indices for Bordeaux and Italian wines and even gold in 2021. Vint launched the Rhone Valley Collection with 3,824 shares. The offering is now over 90% funded with less than 350 shares remaining. About The Rhone Valley Collection: The most in-demand wines in this collection are the three single-vineyard La La wines, La Full story available on Benzinga.com

Ukraine Sparks Market Mayhem As Traders See Fed Panic Ahead, Price-In Rate-Cuts Next Year Clown market exposed once again Ukrainian leader Volodymyr Zelenskiy spooked markets with what turned out to be a sarcastic comment about the rest of the world predicting a date for a Russian attack , which he said should be a day of unity instead. BREAKING: THE SIMPSONS TO HIRE ZELENSKY AS KRUSTY THE CLOWN REPLACEMENT pic.twitter.com/r9HsTIjKuB Newsquawk (@Newsquawk) February 14, 2022 Earlier in the day, St.Louis Fed''s Jim Bullard was on CNBC for what many expected to be a mea culpa walkback of his hawkish comments. Instead he doubled down on the need for accelerating, front-loading rate-hikes and QT and warned "The Fed''s credibility is on the line." That sent the odds of a 50bps hike in March jumping higher... Source: Bloomberg But, the market is now predicting The Fed''s tightening cycle will be swift, aggressive, and over very quickly. At the same time as rate-hike odds this year soar, the forward-OIS curve is increasingly inverted, pricing in a rate-cut next year...

(Kitco News) - The gold market continues to benefit from its safe-haven appeal as Russia-Ukraine tensions escalate.

Oil rising on Ukraine tensions The possibility of war between Ukraine and Russia has put oil prices on a one-way road higher. The oil market is very tight and geopolitical tensions over Ukraine has energy traders eyeing a crude price move above the USD 100 level. OPEC Secretary General Mohammad Barkindo told reporters that OPEC+ is []

Gold miners <> are among the stock market''s limited winning groups, with gold futures gaining as rising fears of a Russian invasion of Ukraine prompt demand for

Stocks Dump, Oil & Gold Jumps On Reports Of Russian Troop Movement, Embassy Shifts Algos have been set to stun on any Ukraine/Russia headline it would appear. The Wall Street Journal reports that the U.S. is closing its embassy in the Ukrainian capital of Kyiv and relocating operations 340 miles west to Lviv near the Polish border , as allies warn that an attack by Russian forces on Ukraine may be imminent. Additionally CBS reports that satellite images show Russian troops leaving assembly points and moving to attack positions. CBS News has learned that some Russian units have left their assembly areas and begun to move into attack positions, according to a U.S. official. Some long-range artillery and rocket launchers have also been moved into firing positions. https://t.co/MMwjYE87lj CBS News (@CBSNews) February 14, 2022 Of course, there is no actual evidence of any of this but, the double-whammy of headlines was enough to prompt hard selling in stocks (now that Europe is closed)...

Gold rallies despite rising interest rates as the dollar whipsaws

Gold futures climbed sharply on Monday, with concerns surrounding a possible Russian invasion of Ukraine boosting prices for the precious metal to their highest finish in nearly three months. "Comments from U.S. officials at the end of last week suggesting that an invasion of Ukraine by Russia was imminent, threw markets into a tailspin," said David Russell, director of marketing at GoldCore. Equities sold off heavily and oil prices continued to rise, "giving gold the impetus to break upside resistance" at the $1,855 to $1,860 level. Further momentum buying continued Monday, but any "softening of the rhetoric" on the Ukraine/Russia situation will surely put a short-term bid back into equities and may cap oil''s run, which "could see gold falling back below resistance in the short term too," he said. April gold rose $27.30, or 1.5%, to settle at $1,869.40 an ounce. Based on the most-active contract, prices logged their highest settlement since Nov. 17, FactSet data show. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.

(Kitco News) - Gold and silver futures prices are posting good gains in midday U.S. trading Monday, with gold notching a nearly three-month high.

The latest developments in the Ukraine also lifted other metals like palladium, nickel and aluminum.

Oil pares gains but remains well supported Oil prices are a little lower today after spiking on Friday following reports of a potential Russian invasion. Crude prices are inching ever closer to USD 100, something that looked very possible prior to Ukraine risk-premiums being priced in. That has obviously accelerated the move and we may […]

Gold is trending higher. This is what happens when… by Dave Kranzler of Investment Research Dynamics This commentary plus the quickie review of Gatos Silver is an excerpt from the […]

The gold markets have gapped higher to kick off the trading session on Monday, and then shot straight up in the air. That being said, the market is certainly paying close attention to the Ukrainian border crisis.