Monday, May 12, 2014

What a nice way to start this beautiful morning with AU, AG, PT, and PD up 1.05%, 2.39%, .86%, and 1.03%.

What a nice way to start this beautiful morning with AU, AG, PT, and PD up 1.05%, 2.39%, .86%, and 1.03%. The instability in Ukraine along with a softer U.S. dollar reversed the selling pressure on gold seen this morning in the Asian markets. Geopolitical tensions have been unable to extend gold’s gains above the $1300 level. The strike continues and at this point job cuts and restructuring at Lonmin are bound to happen as earnings decline. Quiet day this morning with limited news and data. Have a great Monday!!

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