Gold Backs a Bit, but still above $580!

24-hour high $589.40 at 9:41 today, and the low $581.90 at 1:57 early this morning. Now at $584.80 and silver at $11.61.

The U.A.E. announced that they would delay the conversion of their reserves from dollar to EUROs for about a month. The news is still not good for the dollar bulls. Almost all currencies rose against the dollar overnight and into today.

Best to each, Doug