I imagine Russians, Ukranians and nervous Europeans are the buyers today.
Looking at the situation in the Ukraine, if Putin wants to take Crimea, it’s his. There is no one who can stop him, even the right-wing of Congress isn’t calling for military intervention and there’s no one else who could possibly stand up to the Russians. The UN Security Council has just announced a meeting today but Russia has a veto and China’s support so that’s a non-event.
Technically, gold is approaching a vague downtrend from 2012 along with the more-important October highs. I suspect those will be tested before the bulls take a break.
Gold
