Update 14 May 2010

Spot gold prices pulled back a little overnight primarily due to profit taking, but the bullish sentiment for gold remains, with concerns over the success of the austerity measures in Europe not being effective.

"It is a whole different ball game. People are concerned that such a sacrosanct institution like the ECB can say one thing and do the opposite thing two days later," analyst Robin Bhar of Credit Agricole.

The European Central Bank said it had decided to purchase government bonds as a means to shore up the euro and prevent the spread of contagion from Greece to other southern European nations on Monday in an about-face that broke its prior stance. It also broke trust in the institution said Bhar, heating sentiment towards gold and spurring physical trade.

Overall sentiment is still positive for gold with any dips in the price being a good opportunity for buying, and global trade is still very brisk especially in Europe.

New Zealand Mint has been in the Media a bit this week:

NZI Business Gold still an attractive investment:

http://tvnz.co.nz/business-news/nzi-business-may-14-gold-still-attractive-investment-3-01-video-3541410#

Interest Double Shot Interview: Mike O’Kane from NZ Mint on the pros and cons of Gold:

http://www.interest.co.nz/ratesblog/index.php/2010/05/13/double-shot-interview-mike-okane-from-nz-mint-on-the-pros-and-cons-of-gold/

Radio New Zealand News Further rise in gold price tipped:
http://www.radionz.co.nz/news/stories/2010/05/10/124803c3fd04

Newstalk ZB Greece leaves investors going for gold:
http://www.newstalkzb.co.nz/newsdetail1.asp?storyID=175465

3News Emirates Hotel gets Midas touch as gold prices soar - see NZ Mint's Mike O'Kane on gold demand
http://www.3news.co.nz/Emirates-Hotel-gets-Midas-touch-as-gold-prices-soar/tabid/369/articleID/155629/Default.aspx