Gold Jumps, Germany Dumps, S&P Slumps As NATO Tells Russia "To Step Back From The Brink"

Tyler Durden's picture

NATO's Chief Anders Rasmussen is unleashing his latest set of 'back down or else' comments this morning towards Russia:

  • *RUSSIA MASSED 'LARGE FORCES' ON UKRAINE BORDER: RASMUSSEN
  • *RASMUSSEN TELLS RUSSIA 'TO STEP BACK FROM THE BRINK'
  • *RASMUSSEN: FURTHER RUSSIA INTERVENTION 'HYPOTHETICAL QUESTION'
  • *NATO: INTL COMMUNITY TO 'REACT DECISIVELY' IF RUSSIA INTERVENES

And ironically Rasmussen proclaims Russia faces further isolation if it continues down this path... by which he means Russia will become even closer to its BRICS allies.

 

The rhetoric is rising...

  • *NATO HAS ALL CAPABILITIES NEEDED TO PROTECT ALLIES: RASMUSSEN
  • *RASMUSSEN SAYS NATO HAS TO ADAPT TO `ILLEGAL RUSSIAN BEHAVIOR'
  • *RASMUSSEN SAYS `BUSINESS AS USUAL' CAN'T CONTINUE WITH RUSSIA
  • *RUSSIA DOESN'T CONSIDER NATO AS `PARTNER,' RASMUSSEN SAYS
  • *NATO SEEN AS ADVERSARY BY RUSSIA, RASMUSSEN SAYS

The market's reaction to this tone is bad... stocks dropping and Bunds to record low yields...

 

and gold jumping...

 

and DAX is heading further negative year-to-date...