Greetings!, On the heels of the precious metals markets trading to an 11-week low, today both gold and silver showed signs of improvement and moderate gains on the day. Those who believe the fundamentals in the precious metals markets are still bullish have their work cut out for them at this instance, but stand by for change. New reports that emerged recently have reignited concern over the European Union's sovereign debt crisis. Italian as well as Spanish bond yields have surged. This news would pressure the euro and support the U.S. dollar, pushing it to higher prices. Which brings us to our current quandary. Will we see gold prices reflect safe haven demand if we see the European Union debt crisis escalate, or will it react as a risk on risk on investment? (In other words a risk asset that in fact becomes a bearish influence on gold prices.) Over the last six months we have seen gold react in both manners - sometimes reflecting a risk asset investment, and other times reflecting a safe haven investment. This oscillation in the perception of gold alternating between a safe haven and risk asset has been a recent addition to the factors that must be analyzed. It certainly keeps analysts like me on their toes. As always, wishing you good trading, Executive Producer | 
