No one is going to go short on gold in times like this. As gold is not linked to a government or a geopolitical body, it becomes a natural investment in times of tension.

Commodities are the flavor of the month. Gold, silver, zinc or copper, it doesn't really matter what it is, as long as it's a commodity.

There's a new game in town and it's called silver. Gold is struggling, it's run its course.

Inflation has been one of the main arguments to get into the gold market. There may not be a great deal of upside to gold this year if you take away the inflation side.

Some of the reasons why people bought gold don't hold true anymore. Rising energy costs, inflation, the double deficit in the U.S. and geopolitical tension. None of them seem to be much of a problem.

If physical buyers think the run is overextended, they will sell. It looks like some of them have sold gold when it was trading around $575.