Were it not for that we might have expected gold to be 0 or even 5 higher than it currently is.
Ross Norman
The dollar is only down a tad, so it is looking like a pure gold move.
gold pure
We had a big shakeout in recent days. There was something of a bear trap at the end of August when gold dipped briefly below 30/oz before finding support from physical buying.
days gold support end big finding physical bear
It's relatively quiet today. Fridays are invariably busy as many<br/> players generally get nervous ahead of the weekend
today busy quiet
There is a feeling in the market that the gold price will test the <br/> seventeen-and-a-half year high of 75.90 this afternoon and if successful<br/> then we'd probably aim for or hit the 80 level sometime next week. If the<br/> market fails to breach 75.90 today then I'd say we'll keep trying next week.
today feeling gold market price afternoon
Gold has lagged behind what many analysts had expected or hoped given the prevailing dollar weakness,.. Gold has seen some liquidation, from one fund in particular, and I suspect that is still weighing on the market.
weakness gold market
gold
The market appears to have migrated from something that one could readily measure and weigh according to a fairly reliable set of fundamentals into one where the tide shifts less to natural market forces and more to what is described as the 'madness of the crowds'.
market measure natural
Its time to hang onto your hats because its going to get bumpy from here on.
time
We see no reason why gold should not repeat the performance of recent years and achieve a rise.. Of 20% in 2006. That would see [prices] between 80 and 00 an ounce in 12 month's time.
time reason gold achieve performance rise
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