DOW 15,294.50 -0.08%

NASDAQ 3,459.42 -0.11%

S&P 500 1,650.51 -0.29%

VIX 14.07 1.81%
SPX 500 (CFD) 1,653.40 0.18%

DOW (CFD) 15,314.00 0.13%

NASDAQ 100 2,996.70 0.18%

EURUSD 1.293 -0.01%
UK 6,696.79 -2.10%

GERMANY 8,351.98 -2.10%

FRANCE 3,967.15 -2.07%

SPAIN 8,343.60 -1.40%
H. KONG 22,669.70 -2.54%

JAPAN 14,484.00 -7.32%

KOREA 1,969.19 -1.24%

SHANGHAI 2,275.67 -1.16%
NAT GAS 4.27 0.21%

GOLD 1,390.20 -0.11%

SILVER 22.50 0.02%

COPPER 3.31 0.41%
FRANCE 2YR 0.19 -10.90%

GERMAN 2YR 0.01 600.00%

ITALIAN 2YR 2.18 27.59%

SPAIN 2YR 2.81 8.21%
FRANCE 10YR 1.94 2.16%

GERMAN 10YR 1.44 1.19%

ITALIAN 10YR 4.03 3.02%

SPAIN 10YR 4.29 2.70%
WTI 94.22 -0.03%

BRENT 102.66 0.00%

WTI/BRENT 8.44

321 CR SPR 21.96 10.04%

Gold Has Regained Safe Haven Status

By The Fly – Mon Jun 4, 2012 1:53am – 2 Comments

Following last week’s resurgence and tonight’s upside reversal, it appears gold has regained safe haven status thanks to its de facto alternative currency characteristics.

Previous Posts by The Fly

FLASH: US/European Futures Moderate, But Still Sharply Lower
0 comments

Industry Movers (Weekly Change)
0 comments

Asia Remains in the Red While Europe and U.S. Futures Make a Huge Paring of Losses
0 comments

2 Responses to Gold Has Regained Safe Haven Status

kohai says:

June 4, 2012 at 2:06 am

Nice.. It might just be internet fodder but dig what Mr. Coxe has to say about potential bond backing.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/6/2_Don_Coxe_-_Emergency_Fed_Meeting_%26_Gold_Backed_Bonds.html

http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2012/6/3_Donald_Coxe.html

scavenger says:

June 4, 2012 at 7:05 am

Watch the effect of PAGE on POG when it opens this month (click on English in upper right corner of home page): http://www.panasiagoldexchange.com/

Leave a Reply Cancel reply

You must be logged in to post a comment.

Recent Comments

Po Pimp (6 hours ago) The next time this dipshit is right about anything will probably be the first time. [...]

Mr. Cain Thaler (10 hours ago) I mean, if you just keep saying "it'll be by the 3Q of this year", eventually you'll be right [...]

CRONKITE (10 days ago) I'll wager on trying to understand, but ignoring for what they believe is the greater good for now. [...]

Mr. Cain Thaler (14 days ago) Ugh, the whole premise of that was since the Fed (themselves) are buying the shit out of bonds, that somehow makes stocks cheaper / safer by [...]

CRONKITE (14 days ago) indeud! We have a right to know... [...]

Po Pimp (15 days ago) E&Y uncovers all this fraud in their survey, but how many financial statements have they refused to sign off on? Inquiring minds want t [...]

CRONKITE (16 days ago) it was a great slide show and it is a wonder we have come this far. perception is everything, but all that downward force will have to rever [...]

drummerboy (17 days ago) great article.this is what i was trying to explain to Bullish,on scott bleirs' thread the other day.this is more of a thorough explanation o [...]

CRONKITE (20 days ago) if u say so.... dare i say we go the other way [...]

Po Pimp (21 days ago) Cool. With the slack asses coming out of school now we will be at 0% unemployment in no time. [...]
Most Popular (Past 5 Days)

R.I.P. Ray Manzarek (9,143 views)

The Bow Tie: Fed's 'Artificial' Inflation Will 'End Badly' (5,915 views)

Markets Ponder Tapering as Bernanke Meets This Week (3,730 views)

Bill Gross Expects Tapering to Begin in Q3 (2,819 views)

One of the World's Biggest Bears: "I'm Outright Bullish on the Market" (390 views)

Major US	US Futures	Europe	Asia	Commodities	2yr Euro Yields	10yr Euro Yields	Oil
DOW 15,294.50 -0.08% NASDAQ 3,459.42 -0.11% S&P 500 1,650.51 -0.29% VIX 14.07 1.81%	SPX 500 (CFD) 1,653.40 0.18% DOW (CFD) 15,314.00 0.13% NASDAQ 100 2,996.70 0.18% EURUSD 1.293 -0.01%	UK 6,696.79 -2.10% GERMANY 8,351.98 -2.10% FRANCE 3,967.15 -2.07% SPAIN 8,343.60 -1.40%	H. KONG 22,669.70 -2.54% JAPAN 14,484.00 -7.32% KOREA 1,969.19 -1.24% SHANGHAI 2,275.67 -1.16%	NAT GAS 4.27 0.21% GOLD 1,390.20 -0.11% SILVER 22.50 0.02% COPPER 3.31 0.41%	FRANCE 2YR 0.19 -10.90% GERMAN 2YR 0.01 600.00% ITALIAN 2YR 2.18 27.59% SPAIN 2YR 2.81 8.21%	FRANCE 10YR 1.94 2.16% GERMAN 10YR 1.44 1.19% ITALIAN 10YR 4.03 3.02% SPAIN 10YR 4.29 2.70%	WTI 94.22 -0.03% BRENT 102.66 0.00% WTI/BRENT 8.44 321 CR SPR 21.96 10.04%