Gold Retracts In Early Trading

In a light trading day due to Hurricane Irene & a National Bank Holiday in London the Dow opened strong pushing Gold down over 2%. Gold is resilient & returning to over $1,800 before noon.

The rumor mill is churning out hopes of a QE3 in the coming weeks, this brings a smile to a flooded Wall-Street. Should another round of stimulus hit in the next month the smart buy will be in Gold & Silver. Until definitive proof emerges from Wall-Street of more jobs & a hold on inflation Gold should remain the favored safe-haven for the near and long terms.

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