While the way out of the current financial crisis is unclear, gold is once again the main safe haven in times of crisis, going above US$1900 in the Asian trading session.

A resolution to the unrest in Libya is a plus as far as equities markets are concerned, looking to see the high quality oil Libya produces back on stream but it could cause fresh unrest in the region. Any lower oil price aids the global fight to get inflation down but this will take some time to feed through to consumers.

In Europe, the banking transaction tax proposed at the recent mini summit in Paris between Merkel and Sarkozy, is starting to take shape but is highly unpopular, probably politically driven out of Germany and potentially unworkable but these are desparate times.

The equity markets are looking a little firmer at the moment but there is no feeling that the crisis is over and nothing on the horizon in the way of substantial good news.

Gold is looking to go higher but it is a reflection on how investors view the current economic climate, where it is not so much the returns that are important but capital retention and there are few investment sectors that can guarantee that at this moment.