President Obama just finished addressing the twin crises in Ukraine and the Middle East in the White House press room. It's no wonder that gold and silver are up today on haven demand. Risk was off around the globe in equities.

No, that's not a typo, although it's understandable you might think we meant "physical."

It is ironic that on a day when Tsar Vladimir Putin is shaking hands with Ukrainian president Petro Poroshenko, gold is deriving strength from the crisis atmosphere in the eastern section of Ukraine.