Gold

After being cuffed around for much of the week, including early today, gold fought back with a vengeance. The reasons are contradictory and a little confusing.

Yes, indeed, there was renewed violence today in Ukraine, and the tensions seemed to be spreading and intensifying. Those facts alone can only explain some of the rise in gold.

After being cuffed around for much of the week, including early today, gold fought back with a vengeance. The reasons are contradictory and a little confusing.

Yes, indeed, there was renewed violence today in Ukraine, and the tensions seemed to be spreading and intensifying. Those facts alone can only explain some of the rise in gold.

Well, actually you can argue with facts, but in the case of economic data, they'll only call you a crazy fool.  

If we believe the Commerce Department, the U.S. economy stalled in the first quarter of this year, scantly growing by 0.1%. Maybe it will be revised upward to a more robust 0.2%? You get the picture.

Equipoise is one of those $2 words that's really simple and elegant.  

And it reflects exactly where we are today in the gold market fundamentally. Forces are almost perfectly balanced, watchers are watching. Like the moment when a trapeze artist seems to attain weightlessness and we are all breathless.