Gold Mining Stocks (XAU)

[NYBob]

Gold eked out a new six-month high of 1388.46 in overseas trading on Monday,
but then retreated as the situation on Crimea played out pretty much as expected.
The market will now wait to see how Moscow reacts to the tepid sanctions
that have been announced thus far.

The outcome of the referendum in Crimea came as no surprise to anyone:
The predominantly Russia speaking population voted to succeed from Ukraine and
join the Russian Federation.
The EU and the U.S. immediately reiterated that they reject the validity of that
referendum, and imposed sanctions that included asset freezes and travel
bans on a small group of Russian and Ukrainian individuals.

While further sanctions may be forthcoming, as suggested, that seems a pretty tepid
initial response by the west. The measures are symbolic, not of any magnitude that
might give Russia pause.

The Russian parliament is expected to vote, perhaps as soon as this week, on
Crimea's petition to join the Russian Federation as a new subject with
the status of a republic.
Such a vote would likely result in broader sanctions, but it sure seems like
the west is ceding that Crimea is gone.

With Russian speaking citizens in eastern Ukraine already agitating, and
Russian troops already massing on the Ukrainian border,
the situation remains extremely volatile.
One might imagine that the west would have to respond much more
aggressively if Russia moved into eastern Ukraine.

In the meantime though, the market seems to have turned its
attention to the two-day FOMC meeting that begins tomorrow.
This will be the first meeting presided over by new Fed chair Janet Yellen.
The Fed is widely expected to hold steady on policy, and reduce asset
purchases by an additional $10 bln per month.

Ukraine is among top 50 world gold holders -
Published time: May 29, 2013

RIA Novosti / Pavel Lisitsyn

Ukraine’s gold reserves are estimated at more than 36.1 tonnes,
according to the national bank, and is ranked 47 in world
standings.

In March Ukraine was 51 according to the World Gold Council.

For the second consecutive year Ukraine is trying to diversify
its international reserves and is actively buying gold on
both foreign and domestic markets.
However the price is turbulent and experts argue, whether the
Central Bank should join in the rush or wait
until the price settles.

There have been reports Ukraine is going to start gold mining.
Experts estimate Ukraine’s gold resources at 400 tons in the
Carpathian Mountains and 500 tons in the Donbass region.
Some gold is also believed to be in the Crimea and
Dnepropetrovsk regions.

Right now Ukraine has no gold production of its own and
buys around 5 tonnes of gold a year.
Domestic production of gold could start this year,
the deputy head of National Bank, Vera Rychakovskya said.
In three to five years Ukraine is expected to produce at
least one ton of gold domestically and gradually increase
capacity which will allow to cut imports by a third.


Ukraine’s Gold Reserves Secretely Flown Out and Confiscated by the New York Federal Reserve?

The Spoils of War and Regime Change

By Prof Michel Chossudovsky
Global Research, March 14, 2014

http://www.globalresearch.ca/ukraines-gold-reserves-secretely-flown-out-and-confiscated-by-the-new-york-federal-reserve/5373446

IS THAT WHY POG GOLD IS CURRENTLY DOWN AGAIN ?

ROTHSCHILD KHAZARIAN NWO 666 GYPSYS GOT MORE TO SELL?

Rothschild Illuminati Pyramid - Surrender Of The Sheeple To Lucifer - Anthony J Hilder -

http://www.youtube.com/watch?v=24nZIVX_1r0

March 17/GLD loses 3.81 tonnes of gold from its vaults/SLV is
constant/gold and silver raid today despite Crimea
seceding to Russia -

http://harveyorgan.blogspot.ca/

http://politicalvelcraft.org/?s=fiat+currency

http://politicalvelcraft.org/?s=gold+standard

http://politicalvelcraft.org/?s=obama

http://politicalvelcraft.org/2013/11/13/the-why-of-the-current-paper-gold-silver-smash-any-politician-who-supported-cuts-because-we-were-made-to-give-printed-money-to-the-international-banking-cartel-is-a-traitor-to-the-u-s-citizen/

Rothschild Bankers Are Pulled In Russia, Ireland, Iceland, China, Iran, & Hungary -


China Executes Bankers

Rothschild Bankers Who Screwed Everyone In Ireland Are Finally On Trial: Ireland Joins Iceland, Egypt, Russia, Hungary, China, & Iran
FEBRUARY 13, 2014 BY VOLUBRJOTR

HTTP://POLITICALVELCRAFT.ORG/2014/02/13/HEADS-UP-ROTHSCHILD-BANKERS-WHO-SCREWED-EVERYONE-IN-IRELAND-ARE-FINALLY-ON-TRIAL-IRELAND-JOINS-ICELAND-EGYPT-RUSSIA-HUNGARY-CHINA-IRAN/


http://politicalvelcraft.org/rothschild/

http://politicalvelcraft.org/rothschilds-media/

http://politicalvelcraft.org/kennedy/

http://politicalvelcraft.org/treason/

Gold surged to another six month high on Friday of 1387.87,
before prices moderated intraday.
The impending Crimean referendum this weekend has ratcheted
geopolitical tensions steadily higher. Some U.S. data weakness
offered an additional boost to the yellow metal initially.

U.S. Secretary of State, John Kerry, and Russian Foreign Minister,
Sergey Lavrov met in London today in hopes of diffusing the
situation.
According to a USAToday report, while Kerry called the meeting
"constructive", he made it clear that 'Moscow will not back down
from support for a referendum Sunday in the Crimea that could
separate the region from Ukraine and link it to Russia.'

Kerry had previously given Russia a Monday deadline to reverse
course on the Crimea annexation.
That's the day after the referendum, and I seriously doubt
Russia would seek to deescalate once a pro-Russian vote has
been cast.
Things are likely to get even hotter in the days and weeks
ahead as the west will be forced to follow-through on threats
of sanctions, and Russia will likely retaliate, perhaps
by cutting off gas supplies to Europe.

U.S. PPI fell by 0.1% in February, below expectations of +0.2%.
The annual pace of producer price inflation slowed further
to 0.9%, from 1.2% y/y in January. Core PPI fell 0.2% m/m and
slowed to 1.1% y/y, from 1.3% y/y in January.

While the Fed is widely expected to stay the course on tapering
when the FOMC meets next week, this latest bit of data is going
to keep them worried about negative price risks.
The Fed has historically viewed deflation as a far more troubling
than inflation, so at some point it may be cause to pause.

The University of Michigan consumer sentiment index fell to 79.9
in March, below expectations of 81.8, versus 81.6 in February.
While still well above the low from October of 73.2, the loss of
momentum since the first of the year is troubling.
It may be attributable to weather disruptions, but then again it
might be something more serious.

Despite the retreat from the intraday highs, gold appears poised
for its sixth consecutive higher weekly close.
That would make eleven higher weekly closes out of the last
dozen.
The technical picture remains strong, with the next key
resistance level that everyone is watching clearly defined
by the August high at 1433.85.

http://politicalvelcraft.org/?s=ukraine

http://politicalvelcraft.org/?s=obama+impeachment

http://politicalvelcraft.org/?s=michelle

Flight MH370 and the CIA’s secret interrogation base at U-Tapao Thailand (EXCLUSIVE)
Sunday, March 16, 2014 1:09

http://beforeitsnews.com/war-and-conflict/2014/03/flight-mh370-and-the-cias-secret-interrogation-base-at-u-tapao-thailand-exclusive-2451142.html

http://beforeitsnews.com/alternative/2014/03/all-eyes-on-diego-garcia-2920270.html