IS GOLD WRONG AND OIL RIGHT ON UKRAINE AND RUSSIA? $GLD $USO $GDX $GDXJ $SLV #OIL #GOLD #SILVER
There is a significant difference in the responses of oil and gold to the media frenzy triggered by a comment by Polish Foreign Minister Radoslaw Sikorski on Tuesday, Aug. 5. “There are several battalion groups there. There is a large concentration of military hardware there. These things are being done just to exert pressure. Or to enter,” he said. There was nothing new in his comments, but nonetheless, in the ensuing furor, gold took off. The annotated tick chart of gold futures shows its rise since that time.
Please click here for an annotated tick chart of gold.
Gold has traditionally been a hedge against geopolitical instability.… Please click here or the title below to read more.