President Vladimir Putin addressed his nation on Friday describing Russia’s takeover of Crimea as demonstrating Russia is back and the Russian flag is now flying over all military sites on the Black Sea peninsula. Putin addressed the nation saying … “The recent events in Crimea were a serious test…” and that the Russian military“demonstrated both the completely new capabilities of our Armed Forces and the high morale of the personnel.”
Putin has reserved the right to send troops into Ukraine, which is home to a large population of Russian-speakers in the east to protect Russians. He also praised the Russian troops for “avoiding bloodshed” in Crimea.
Putin has received permission from the Russian parliament to send the armed forces into Ukraine if necessary, raising concerns he could cite alleged threats to Russian-speakers in eastern regions as grounds for intervention there.
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The miners have started 2014 very well indeed on the back of rising gold prices, so the question is; is this the real deal or another head fake? Is the bottom really in? Could there be a final capitulation just ahead of us? Will the summer doldrums take the PMs lower? Is tapering the death of this rally?
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