Who Says Gold is Down?

I just love the financial news.I often tell people to ignore it yet I can't help but watch just to see who's saying what about the markets and, of course, gold!

Today as I readied myself to leave for my office, I ventured one last glance at the markets.I caught one anchor saying to another expert, Gold is down can you tell us why?

Frankly, the answer is irrelevant, at least much more so than the question.Gold is not down.Yes, it climbed quickly to all time highs this month and settled back from there but over the last 28 days gold is still up a solid 2.5% and even a little higher after today's performance.

It just seems like everyone is constantly asking gold, what have you done for me lately?In the big picture this all bodes well for gold.If it goes up it's overbought.If it goes down, it's losing its luster.Either way, the average citizen remains unimpressed with gold's solid upward treck on the gold charts, indicating we are far from the top.

Today's trading ended up rather interesting.Of late gold prices and the markets have been moving in tandem.Today, the markets ended down significantly and gold responded with an equal but opposite reaction.

It seems investors are growing more wary of stocks as world gold demand seems to be as strong as ever.Not that it is the tell-all about gold prices but it seems of late, there have been many gold price predictions in the $1,500 to $2,000 price range.Some say it will happen this year.

Frankly, I think we would be better off if fresh fruits and produce did not rise another 50% this year or 33% for eggs.I think gas at $2 per gallon might be kind of nice too and if dairy could go down 10% instead of rise another 10%, we all might be better off.But if that can't happen, that's why we buy gold.