[GOPJ]

If terrorism were really on the minds of the markets we would have seen gold up 6% yesterday (like 9/11) instead of down 6%. In short the Boston bombing was a nonevent for world markets.

Markets might be responding more to MARC FABER - who said last week that gold would NOT be a protection for the crisis that's coming.

[palmer]

Don’t know if markets respond to one guy but he may have a valid concern that the markets are responding to. I think gold will do well in the long run past intervening crises. The only thing that will stop gold is sound money from the Fed and that’s not going to happen for the foreseeable future (need a new Volker plus a new Reagan to restore the economy).