The present volatility in all financial markets right now is due to political instability in Greece and the implications for his possible departure eurozone the Euro. There is much speculation and uncertainty in the gold market as a result and, as investors continue to seek a refuge in the dollar, means that the historical inverse relationship between the dollar and gold that search is becoming important in the sale of gold by part of investors and speculators.
Briefly yesterday the price levels reached in July last year but this morning in Asia physical gold consumers have taken advantage of helping drop the price of gold to recover some of yesterday's losses.
Despite this recovery, the tone is still negative not only for the price of gold but for others as precious metals and the Greek elections are held in the middle of next June the market uncertainty will continue in the meantime.

May 17, 2012
Timothy Pickford
PRECIOUS Argyor (AMPSA)