big trouble in little crimea

Shortly after gold closed for the weekend there is turning out to be a rather serious geopolitical situation unfolding in the Crimea.

Russia landing troops in Sevastopol and the Ukrainian Govt loudly talking about the "Budapest Memorandum" to invoke support from West.

In times of potential military conflict Gold has been known to spike, Late August to early September just last year there was a spike just short of $100 in the POG due to perceptions that the US would militarily attack Assad because of the chemical gassing on own people.


So the events that unfold within the next 48 hours will be very interesting for Gold bugs. I know i will be watching intensely.

So will we see a large spike upwards come market open on Monday?