Gold

A number of things are going on today that might be moving gold.

The usual suspects are: the Ukrainian crisis; the upcoming FOMC meeting; and pending payrolls reports reflecting progress or regression in April.

But let's talk about the big slide in equities today. And let's start with a quote from Bob Dylan's "Subterranean Homesick Blues."

This is the Daily report as it is displayed to subscribers of our daily service - Yesterday we said, "We're thinking that the Russians are speaking foolishly while acting wisely. So far, anyway."

Yesterday we said, "We're thinking that the Russians are speaking foolishly while acting wisely. So far, anyway."

Today we'd like to augment that, since some of the driving force behind gold's bump up is due to the Ukrainian crisis.  

One of the things sailors on the open ocean fear most - after a violent storm - is ending up becalmed. No wind, no breath, no movement.

You know those people who decide that, when they come to a railroad crossing, decide they can beat or somehow get around the lowered gates? They can't.