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NEW in the last 5 minutes www.usagold.com --LIVE NEWS--
Bank of Korea Boosts Gold Reserves as Central Banks Buy	16:48 Bloomberg - Markets
Dollar Remains Lower Versus Majors Before U.S. Jobs Data, ECB	16:48 Bloomberg - Markets
Forex: AUD/USD, potential for 1.0330 on upbeat Aus GDP - V.Bednarik	16:47 FXstreet - Forex News
10 to 15 minutes old www.usagold.com --LIVE NEWS--
Forex: USD/SGD off fresh 2013 highs below 1.25	16:37 FXstreet - Forex News
15 to 30 minutes old www.usagold.com --LIVE NEWS--
Back 9 Links for startups and entrepreneurs: Hugo Chavez dead, economy muddled	16:33 Bizjournals - Atlanta Business Chronicle
For the dollar, US energy boom is good, but no bonanza	16:32 ArabNews - Economy
Silver Bird shareholders pare down stakes	16:26 The Star Online
Low interest rate among drivers of local economy	16:26 The Star Online
30 minutes to 1 hour old www.usagold.com --LIVE NEWS--
Pro Bono Creative Turns To Gold For Tampa Ad Agency	16:19 PR Newswire (Press Release) - Entertainment & Media
News Summary: Platinum Surges On So. Africa Strike	16:18 The Street - Markets
Flooding prompts fears for Dalby economy long-term	16:11 ABC Online - Business
Forex Flash: BoJ acceleration of long-dated JGB main policy - Nomura	16:07 FXstreet - Forex News
Inflation test for a Japanese relaunch	16:06 Business Spectator - Spectators
FOREX-Euro lags, commodity currencies better bid	16:04 Reuters - Economy
Bullish Oil Outlook Fuels Investment Splurge	16:02 Fox Business - Industries
Forex: AUD/JPY pushing against 6-day highs ahead of Aus GDP	15:57 FXstreet - Forex News
DoubleLine's Gundlach Likes Silver As "The Great Debasement" Will Continue For Years (Not Months)	15:56 Zero Hedge
First Quantum profit surges on higher copper, gold sales	15:54 Reuters - Economy
China's yuan hits headwinds in bid to dominate US dollar	15:50 The Economic Times - Markets
1 to 2 hours old www.usagold.com --LIVE NEWS--
Economic muddle of Chavez legacy	15:47 BBC
Dow Jones Industrial Average Soars On Positive Economic News	15:45 NPR - Economy
Treasury Bond Auctions A Window To The Global Economy	15:45 NPR - Economy
Many Americans, still feeling effect of economic crisis, not excited by Dow record	15:41 MercuryNews.com, California - Business
Sequester 'dumb,' jeopardizes US recovery: Obama economic adviser	15:41 Business Times Online - World
Inflation Or Deflation: Which Should We Fear?	15:39 SeekingAlpha - Financial
Forex: Dollar firm in a pro-risk environment, but EUR/USD remains directionless	15:37 FXstreet - Forex News
Buy Your Japanese Stock, Hedge Your Yen	15:36 Investors Business Daily - Investing
Platinum prices surge after South Africa strike	15:33 The Boston Globe - Business
The New Zealand Dollar - What a difference a day makes	15:32 Scoop - Business
First Quantum profit more than doubles on higher copper, gold sales	15:25 Reuters - Company News
Dow hits new record, regaining losses from Great Recession	15:24 NJ.com - The Star-Ledger - Business
NZ dollar rises on rising dairy price, drought fears	15:22 Business Spectator
Global economic growth eased in February: PMIs	15:21 Business Times Online - World
Gold little changed; silver, too	15:19 UPI - International Intelligence
Orbis Gold intersects high grade gold in Burkina Faso	15:18 Proactiveinvestors - Australia
Global Currency War: Gold's Best Friend	15:14 SeekingAlpha - Macro View
Copper rises as investors turn focus to China	15:12 Business Spectator
Should Investors Be More Bearish on Juniper?	15:08 The Motley Fool
Forex Flash: NZD/USD to trade with a positive tone - BNZ	15:07 FXstreet - Forex News
Gold and Silver Prices Boosted by These Global Moves	15:07 Money Morning
Dow hits record, erases Great Recession losses	15:03 The Economic Times
Dollar Rallies Following Rates Decision	15:01 Scoop - Business
Assurant Solutions Employee Wins Silver Stevie® Award For Contact Center Manager Of The Year	14:58 The Street - Markets
Why gold is more of an investment than market speculation	14:56 Examiner.com - Business
Technical breakouts and the bull market	14:55 MarketWatch
Platinum futures surge after South Africa strike	14:53 Houston Chronicle, Texas
FOREX-Euro inches up vs dollar as Dow hits record; Aussie boosted	14:53 Reuters.co.uk - Currencies - US Dollar
Dow hits record, erasing Great Recession losses	14:50 Boston Herald
Curis Resources warns Florence over eminent domain decision with copper mine	14:50 Bizjournals, Arizona - Phoenix Business Journal
2 to 4 hours old www.usagold.com --LIVE NEWS--
Dow surges to new record closing high on economy, Fed’s help	14:48 Bangor Daily News, Maine - Business

Gold Gives Back Gains as Stocks Surge

by Peter A. Grant

Mar 05, AM
(from USAGOLD.com) --

Gold began the U.S. session in positive territory, but gains faltered ahead of $1600 as the DJIA pushed ahead to establish a new nominal all-time high. Stock market strength can at times sap safe-haven demand for gold. The dollar snapped back from intraday losses as well, adding further weight to the yellow metal.

However, keep in mind that stocks have rebounded over the past four years largely on the back of super accommodative Fed policy. This was a primary driver in the gold market over the same period. In fact, the two markets were pretty tightly correlated up until around December.

On glimmers of a more robust economic recovery, stocks began to diverge from gold. While those glimmers have yet to turn into a true light at the end of the long tunnel, the hope is drawing capital back into the stock market. Some of that capital is coming from safe havens like gold, although largely paper representations of the yellow metal.

However, in a world where easy monetary policy is expected to last for many years to come (see yesterday's DMR), it wouldn't be surprising to see gold play some catch-up with equities at some point. This would be particularly true upon hints of heightened price risks.

Years of easy policy by the central banks of the industrialized world means there are trillions in various currencies in the system just waiting to be employed. Such liquidity has led to bubbles in the past, and there have been warnings circulating about a new bubble in stocks for some time now. It just seems to many that the realities of the economy simply don't warrant new highs in stocks...and yet here we are.

Ahhh, but the quest for yield trumps the fundamentals some times. If you can't get a decent yield because various central banks have rates pegged at or near zero, you eventually get pushed out along the risk curve. With risk comes the potential for reward, but sometimes risk begets trouble, as we've seen time and time again. Those that completely forsake their havens and hedges do so at their own peril.

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Gold Gives Back Gains as Stocks Surge