Finding Haven in Yen Away from Gold

The biggest daily decline in gold in over 33 years was overshadowed by the tragic news of 2 explosions at the Boston Marathon, where 2 people were killed and 23 injured. The complete absence of any rally in gold in response to the tragic events in Boston highlights the deepening erosion of gold safe havenLook out for further selling of gold and silver in Tuesday morning Asia if the Shanghai Gold Exchange proceeds with warnings to raise margin requirements in gold and silver. For full charts & analysis, click here