Up sixty-two dollars so far this morning. I hope you all took advantage of yesterday's one day fire sale. I sure stocked up. You can bet the central banks did, too.
![[Linked Image]](http://farm9.staticflickr.com/8115/8656376714_9c1aa2970f.jpg)
By the time the stock market closed today gold was up just $12.52 from yesterday's historic fall. Given the DJIA recovered more than half its loss today, I'm cautious about buying gold at this time.
I know there's lots of speculation as to why gold has been on the decline since its 4th quarter 2012 level, but historically investors move money to where they get the best return for a given level of risk. If that's what's driving the price of gold then if the stock market rally continues gold's drop will continue. Seeing the stock market rising is likely what turned the price of gold back down from earlier highs today.
