Gold is up $44 today !!!

This Gold rally seems to have originated from the FED's meeting a and the outcome of the FOMC meeting and the Fed's pledge to hold rates low through 2014 .the pledge to hold rates low through 2014 pushing stocks higher , a lot of trader called this a quasi QE3

Explosion of physical Gold demand from China

There is an explosion in the the amount of physical gold buying around the world and especially in China. John Embry of Sprott Asset Management told mineweb recently : "You saw the number of the imports via Hong Kong into China for the last year - there were about 100 tonnes imported in November alone . If you think about that it's only about a 4,000 tonne market and in one month the Chinese import 100 tonnes. That's huge. They've been pretty forthright about saying and expressing their views on gold and other things and now they are taking action."