Jul. 11 at 2:25 AM
$GLD $SLV $GDX $GOLD $JNUG
Ukraine war going on 3.5yrs &
$200B spent
President Trump is preparing to send Ukraine ~
$300 million in military aid
Some shit you should know before you read: Since Trump took office earlier this year, military aid to Ukraine has continued to flow (but only equipment that had already been approved by former President Joe Biden). Until now, Trump had not authorized any new arms transfers. In April, President Zelenskyy said Ukraine was willing to spend
$30 to
$50 billion to purchase US defense equipment (primarily air defense systems like Patriot batteries & interceptors)
Getting into it: First reported by Reuters, Trump will invoke the Presidential Drawdown Authority (PDA) to authorize a new
$300 million military aid package for Ukraine. The PDA allows the president to quickly transfer weapons & equipment from existing US military stockpiles in response to foreign emergencies
The transfer will be designated as aid, not a sale of US military equipment