Tim Iacono – Mon 5 May, 2014

The Ukraine Saves The Gold Market Again, But Can This Continue?

It looks like Tim is agreeing with Al on the topic of Ukraine driving the gold market. Tim notes that demand in gold is still huge over seas but continues to drag in the US. I am not sure what it will take to change this narrative but when US investors finally wake up gold we will be looking back thinking what a great buy gold is the $1,300 level.

Click here to read Tim’s article.


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Tim Iacono

Comments:
  1. On May 5, 2014 at 9:27 am,
    original jj says:

    Ukraine is the driver, just look across at silver its being dragged up by golds war premium….digging its heels in not testing $20.00 with ease

    The technical’s on the chart are in play as Rick A pointed out on his site…its a check list that gold needs to overcome…..these resistance levels to continue its climb….$1309…$1321….$1331….$1350 the biggie, every CLOSE above these levels keeps the upward move in play…..we don’t want to see a Weekly close below $1280 golds low close these past 5 weeks

    HUI could hardly be called Bullish today so far with golds pop back into 13+

  2. On May 5, 2014 at 9:33 am,
    Joseph says:

    Great video at planbeconomics.com “South East Ukraine: Crisis Diary”.
    If someone can paste this please do so…Franky alittle help.

  3. On May 5, 2014 at 9:44 am,
    J........the Long.............ootb says:

    Franky,,,,,,,,,,,,,,,,WHERE ARE YOU………….HELP IS NEEDED………see above

  4. On May 5, 2014 at 3:43 pm,
    scotty hamilton says:

    Hi: So sad– to see ukraine in this mess. It looks like putin will conquer , just because ukraine only has a 6k man army. We should do more to supply ammo and small anti tank guns. Putin is nutty , long term this hurts russia , and all eastern europe. Estonia , and Latvia have large minority Rus population. certainly oil price wont drop much as long as putin is mr. Nasty. pray for peace. S

    • On May 5, 2014 at 4:11 pm,
      Big Al says:

      Well I certainly do pray for peace.