pog and kiev

POG is what drives SBM SP and this is what will drive the POG.

This was Market Watch before the weekend ...

“Should there be a serious confrontation between Russia and the West over Ukraine, political risk premiums would rise in Russia and in Europe and would likely lead to a general pullback in global equity markets,” said Bill Witherell, chief global economist at Cumberland Advisors, in a note.

But without a big showdown, Ukraine has only “limited potential to deliver a negative surprise sufficient to produce financial contagion in markets,” he wrote.

Today news

"In a statement after the call between Mr. Putin and Mr. Obama, the White House said the U.S. "condemns Russia's military intervention into Ukrainian territory."

Well is a Russian military intervention sanction by parliament, with threats of isolation coming from the US a showdown. You bet it is especial when energy supplies are at stake. Further to a showdown...

"The stark escalation in what threatens to become the worst crisis in relations between Moscow and the West since the Cold War came as Kalashnikov-wielding militia hoisted the Russian flag over Crimean government buildings and seized control of the peninsula’s airports.

"The West condemned Russia’s intervention, while the UN Security Council convened an emergency session at which Ukraine urged it to move swiftly to stop Russian “aggression’’ in Crimea."

POG will spike on Monday night Australian time with talk like this on every front page of papers around the world. Don't sell your shares Monday morning........