There also is a lot of option-related buying because everything is in the money now.

We haven't seen these violent moves [in prices] in several weeks.

Silver has new sponsorship. We are starting to see new funds coming into silver. Part of it has to do with the fact that a lot of traders who follow gold and silver think the silver/gold ratio was out of kilter.

Funds are buying gold because they notice the decoupling from the euro and the decoupling from the energy market.

They actually ran a very good, under CFTC oversight and under exchange oversight, futures business, where all customers were always properly margined.

Gold is a safe haven. We have major political problems in Iran and energy problems in Nigeria.