Gold’s Return as Safe Haven?

Sellers had dollar bulls on the run Friday, but the weekend story concerning Cyprus’ banking problems could quickly turn things around.  Check out today’s Dollar Index tout to see where the rally would become unstoppable.  Were this to occur, the ostensibly bearish implications for gold could be mitigated if the flight-to-safety panic is serious enough to revive bullion’s safe-haven status.  Reminder to tradersWe have an open order in DIA that seeks to roll the recently expired short side of our June 130 – March 130 put spread into April.  Our 0.40 offer for the April 130 puts could be in play if a Cyprus-induced panic hits U.S. markets today. Click here to sample Rick’s Picks free for a week.