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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