Everyone’s been getting interested in gold again recently. You might have had a go trading it yourself.
The barbarous relic, as John Maynard Keynes dubbed it, moved $33 dollars higher last week, from low to high – up 5%, which is a huge three-day move in this market.
But then this week, it’s been right back down almost as low as the low seen last week. Anyone who’s been spread betting gold this week must have had a severe cardiac workout! It’s been no time for the fainthearted to be involved.

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Of course, the big moves have not been restricted to the gold market in the past few days. Stock markets around the world took an absolute beating both yesterday afternoon and today... spurred on by a near- 10% dump on the Chinese stock market.
The International Herald Tribune reports: "Some investors say the drop was triggered by concern that the Chinese government would clamp down on illegal share offerings, which were among the type of investments responsible for the market's recent record increases.
“The possibility of tighter investment controls in China also scared investors in companies that get a large proportion of their sales from there. With China being the world's biggest user of metals, mining stocks like BHP Billiton and Rio Tinto Group were among those most affected.”
This huge sell-off rippled round the world markets, knocking 150 points of the FTSE 100 and over 500 points at one stage in the Dow Jones yesterday afternoon. The FTSE dropped another 114 points today.
The Dow Jones has seen a real battle of bulls and bears today. The market’s up and down like a yo-yo. As I write, the market has rallied 161 points from low to high – an impressive 1.3%, which goes some way to easing the pain of yesterday’s 3%+ fall.
So we’re seeing some big intra day moves in markets around the world. Volatility is back in town. P.S. If you enjoyed this article then we encourage you to sign up for the free Fleet Street Daily eletter. Learn what you can expect from today's markets -- and how to prosper in the face of uncertainty. You won't find more thought provoking writing anywhere on the Internet.

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