Monday, April 28, 2014
The tensions in Ukraine are giving gold support which is trading in the $1300 range this morning
The tensions in Ukraine are giving gold support which is trading in the
$1300 range this morning as the U.S. is expected to step up sanctions
against Russia later today. The Russian troops continue their military
exercises on Ukraine’s
borders inclining fears of further possible takeovers. Still no
solution between the Platinum producers and the AMCU. At this point it
looks like the producers are going to take their wage offers directly to
their employees bypassing the union. Anglo, Impala,
and Lonmin’s latest offer to the union is to give them the desired R
12,500 a month by July 2017. Stay tuned for Pending Home Sale numbers
coming out at 10:00 a.m. Have a great day!
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