If we adjusted for the weather, Napoleon would have taken Russia in 1812. Oh how i wish i'd come up with that call, but instead it was one of Bloombergs Rich...

If we adjusted for the weather, Napoleon would have taken Russia in 1812. Oh how i wish i'd come up with that call, but instead it was one of Bloombergs Rich Yamarones clients apparently, in a conversation about how all this weather talk in the US is just a little too convenient (it might explain some weakness, but not any of the massive misses to expectations these past months). Meanwhile, markets rallied even in the face of weak sentiment data out of Europe and lukewarm US data (permits good, starts bad), no doubt cheered on by Uncle Vlads guarantee that Russia has no further territorial ambitions except for Crimea Gold's failed attempt at $1400 an ounce continues to wither, and will be interesting to see how it reacts to the FOMC. AUD strength overnight saw AUD gold head back below $1500. More details here (VIEW LINK)