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CNBC Squawk Box April 12, 2017

T overnight in asia, it was a mixed session. Japan was lower, maybe due to strength in the yen it was off by 1 . The hang seng higher by 1 . South korea was higher as well. Europe positive as well, but not by much. Look at crude oil, wti, i just saw 52 53. 71. Higher by a half percent. Brent at 56. 65, nat dgas above bucks. Here. Heres whats going on this morning. Gold prices jumped more than 1. 5 during yesterdays session, bringing the yeartodate gain above 10 . Look at this hour right now. Well show you whats going on. You know, its up. It continues to rise. Looks like its close to a oneyear high. Continues to speak to whats happening. Thats also on the concerns of tenyear treasury, moving back below 2. 30. Gold tends to perform well in a deflationary environment. Which most investors dont understand. I dont understand that, but its supposed to be an inflation hedge. Its the reserve currency in a deflating world. I think the big story is oil. Oil saved the s p over the last couple of ....

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