There are precious metal markets that also sell gold as a commodity, and of course, people invest in gold to try to make profits. Some people enjoy investing for short-term goal profits, and others enjoy holding onto it for a longer period of time to make a bigger profit.

Last Sunday I told you I thought the market would rally at the start of earnings season. And boy did we get a rally. It looks like it is going to go up more.

I know you see it too.

A proposed merger between Xstrata and Anglo American came to an end yesterday. Xstrata put the deal on the table and offered it to Anglo, but the latter company turned down the offer. It did so under heat from Africa.

As you know gold stocks are something I've been involved in with years. The other week I did an interview with Jordan Roy-Byrne who runs the website trendsman.com. I sent you a link to it at the time and you may have listened to it.

Mike "Mish" Shedlock is the author of one the most popular financial blogs on the Internet with over a million views a month. He is one of those who called the bear market and talked about all of the warnings signs in 2007 before it hit.

He gave a talk at Google where he talked about his views on the economy and blogging.

Miner Rio Tinto backed out of a $19.5 billion deal today with China's Chinalco according to an associated press report.

Tinto is going to take the money and use it to increase its stake in BHP Billiton.

Yesterday on CNBC famed stock trader Jim Rogers recommended hard assets and gold. He fears a currency collapse in the value of the US dollar or British pound. He is afraid to short US stocks now, because believes a hyperinflation nightmare could make the stock market skyrocket in comparison to worthless dollars.

Today in an article posted on his website Bill Gross says that US investors should begin to diversify out of dollars before central banks do so - something he sees happening a few years down the road.

I just left the Bahamas yesterday, but before I did Dave and I put together this update on the gold market and gold stocks for you.

To watch it just click the video below.

Yesterday gold and gold stocks rallied following a dip in the stock market and US Treasury bonds. Gold in fact went to its highest price level since March. It appears some investors are starting to go into gold as a safe haven. Gold stocks are benefiting as a result using simple stock trading strategies.