Darren Heathcote
Darren Heathcote
bit momentum positive push
We're still in a bit of consolidation...I think everything is still pretty good, still positive for gold. It doesn't really have any momentum to push it down.
content continue invested metals people precious
Geopolitical tensions continue to keep people invested in gold. People are content to be long in precious metals than the dollar, or other investments.
normally silver
I just think silver is getting a little more speculation than it normally would.
bandwagon basically drive happy japan jumping people recent riding
There was a significant drive in Japan in recent weeks. People are very happy to be jumping on the bandwagon and basically riding the thing up.
momentum struggling
It's really struggling to find momentum to go back up again.
dizzy given looking oil support
It's dizzy high, and we're looking at a very overbought market. We're looking for a correction. It has to come at some point. However, given where oil is, it may well give some support on the downside.
moment mood
At the moment the mood is still jubilant.
break dollar gold recent saw seen though
We've seen gold break the correlation with the dollar in recent times. We saw gold strengthening even though the U.S. dollar was strengthening.
bit break broken buy confidence fact helping people sustained
The fact that it hasn't broken through, sustained a break through $535 is probably helping people to find a bit more confidence to buy it back again.