I mentioned in a previous article that the war could end sooner than most expect. This news kind of confirms it.
The west can sell all the weapons they like to Ukraine, it takes competent soldiers on the ground. And right now the most of the experienced soldiers are gone.
This shows that Ukraine is near defeated and they are trying to buy some time or save face so they do not have to surrender unconditionally.
“Last week we reported on President Volodymyr Zelensky's voicing rare doubts concerning Bakhmut - as if preparing his people for news of a devastating defeat. And now, on Wednesday, the Financial Times is reporting the single most important development to come out of the conflict in a long time: Zelensky's office says he's ready to compromise on the future of the Crimean peninsula.“
Gold could drop sharply as it is overbought and as the situation become more evident to the rest of the world.