Dollar at 5 month low in Asian trade

Gold also strong in Asian trade - 1:00 AM CDT

Silver very strong in Asian trading 1:00 AM CDT

GFMS surprises with their strong prediction on Gold

GFMS is generally known to be a tad conservative on their predictions of the gold price. That is why today's report from the consultancy surprised me. They are calling for gold to surpass $1600 before this year is out.

The following story from Dow Jones Newswire service is very good.

You can read the entire story here:

http://blogs.wsj.com/source/2011/04/13/streets-are-paved-with-gold/