Originally Posted by
Bobcat.
Let's not forget that the determination of Florence Nightingale and the charge of the Light Brigade ("ours is not to reason why, ours is but to do or die") were both located on the Crimean peninsular. Up until 1954, Crimea was part of the USSR before it was gifted to Ukraine, and the now Russian Federation has a huge strategic interest in that area (with naval base, etc).
The USA is sabre rattling with cold war fervour at any hint of the Russians bringing its military into that area (regardless of the fact that almost 60% identify themselves as Russian and their political leader has invited them in).
Tensions brewing, therefore stronger US dollar and weaker equities this week, IMO.
As for Gold this week, I'm not sure and so am holding just a few favourite PM stocks. Many pundits/analysts are guessing a falling away but mainly because they see that a correction is overdue. If there is one, it will be short-lived in my view. Since December, the tide on precious metals has turned. Onward and upward through 2014.
BC