The situation in the Ukraine is deteriorating as the UN Security Council emergency meeting, convened at Russia's request, appears to have achieved very little.
Protestors have stormed and occupied various public buildings adding to the tension in this region and putting the current government on a collision course with them as their stated intention is to restore law and order and protect the citizens from such activities.
The Russian Ambassador, Vitaly Churkin, has expressed his alarm at the Ukraine's announcement that it would use the armed forces to suppress what it describes as an increasingly pro-Russian insurgency.
We can only hope that the Negotiators can reach a resolution before things get out of hand.
As the chart above shows gold has jumped on this news, but the European and American markets are closed at the moment so this rise may or mat be short lived.
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?
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