Tuesday, March 18, 2014

Clearly, the tensions in Ukraine are not over and it will probably be some time before we can turn away from the topic.

Clearly, the tensions in Ukraine are not over and it will probably be some time before we can turn away from the topic. Investors are wondering if we will see gold make a bull run to 1400 or if the turmoil has been priced into the market already. Richard W. Fisher, president of the Federal Reserve Bank of Dallas argues that the Fed needs to be more aggressive on its pullback to avoid any asset bubbles from forming. As per Yellen, she does not see any evidence or support of such bubbles in sight. After AU made a new overnight low, it reversed its course falling approximately $15 yesterday. Currently, the precious metals market is trading in the red zone as Putin brushed off the sanctions introduced by Europe and the United States. AU, AG, PT, and PD are down roughly 1.5%, 2.5%, .76%, and 1.7% respectively. Core CPI reading for February is .1%.

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