Spot Gold Over $1,300

California gold nugget

As I write this spot gold is over $1307!

The gold price is making new highs as the end of the third quarter was forcing traders to rebalance their gold positions.

A weakening U.S. dollar index is providing a booster for the gold market bulls.

Gold is the ultimate safe haven and as the economy stumbles, demand for gold has grown. That’s been the case for almost a decade. In the second quarter of 2010, for instance, the economic indicators were down and gold demand was up 36%. Read more