I think that the strength can be explained
by the precarious global economic and monetary situations, but the point is that a
knowledgeable and unbiased
observer of the markets shouldn't be scratching his / her head or feeling the need to get creative when coming up with justifications for gold's current US$ price.
It was a superb, emphatic performance, and what made it the more stunning was that it was pulled off
by a colt so humiliated and discredited in the Kentucky Derby that a number of
knowledgeable observers gave him little chance to win the Preakness at all.