Something is going-on in Russia [View all]

[PeoViejo]

I've been watching the value of the Russian Rouble's value decreasing in value ever since the Russians annexed Crimea. I used the price of Gold as a benchmark reference to determine if something else was going-on, like Russian Citizens trying to convert the Rouble into Gold, which would increase demand for the metal, thus increasing the cost. Then, about 2AM NY Time there was a sudden jump in activity. It went from relatively stable to crazy within Minutes and hasn't stopped. Something is making them panic. You can see the trend here:

http://www.kitco.com/gold_currency/index.html?currency=rub&timePeriod=d&flag=gold&otherChart=no

If you compare it to other currencies, it appears the issue is a Russian one, and not a general trend.