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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