With the dollar slightly higher and US treasuries flat a $24 rally in gold and a $0.40 rally in silver is likely the result of US and Great Britain attacks on suspected Yemeni terrorists' strongholds inside Yemen.

Apparently, the oil and precious metal markets see the onshore strikes in Yemen as an escalation and perhaps a catalyst for an expansion of military aggression in the area.

While the crude oil market is only up $2.40, a flight-to-quality situation is unfolding and has sparked an unusual migration to gold and silver...[MORE]

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