The TSX gold index was up 7.33% today and KRY was down 4.9% giving up a good portion of it gains from yesterday. Interesting to note is that GRZ did not participate in the gold movement today leading me to believe the geopolitical events (risk) from yesterday (Exxon assest freeze) is a probable cause and explanation. I also see that VZ was mentioned in VRtrader, Mark Leibovit, as there is concerns about retaliation from VZ and the markets hate uncertaintly and no doubt we saw that in KRY today. Below is a cut and paste that outlines the issues and the impact on commodities based on geopolitical events.

"Commodities continue to rally, especially oil today. Crude oil is up 3.72 to 91.83. Crude gained on word that oil exports from Nigeria, Africa's biggest oil producer and a major U.S. supplier, could fall by as much as 1 million barrels a day due to the nation's deteriorating security situation and planned maintenance. Nigeria is locked in a long-running battle with rebels intent on hurting the nation's crude infrastructure. Prices also rose on news that North Sea oil production has been cut by 280,000 barrels a day due to technical problems at a Total SA oil field, and that Russian crude output could fall this year due to the depletion of a large oil field. Concerns that Venezuela might retaliate in some way after Exxon Mobil won court orders freezing the assets of its state oil company also pushed prices higher. Exxon Mobil is seeking compensation for assets lost when Venezuela appropriated company assets last year as part of President Hugo Chavez's nationalization of several large oil projects."