Frederic Panizzutti
Frederic Panizzutti
bull dynamic feeds few recent resulting trend
The bull trend experienced over the recent few years is resulting in a self-fed dynamic -- the trend feeds the trend.
few positions small
It's not just big positions by a few people. It's also small positions by many people.
attracts gold insurance portfolio role
Gold in its insurance role in a portfolio attracts ample interest.
ahead came gold market positions support took
The market took on some new positions ahead of the Fed. After they raised, as expected, gold came off, but there is support now around $565/566.
asset consensus gold higher market momentum trade
The momentum higher in gold continues. The consensus in the market is that gold will trade to between $600/oz and $800/oz in 2006. The asset relocation into gold continues.
expect gold good helped higher last momentum move reasons year
There are good reasons to expect gold to keep its momentum on the way higher. If you look at the fundamental reasons that helped gold to move higher last year and this year, I think most of them are still in place.
against created disruptive environment factors gold insecurity insurance market perfect shown small type
You have many different small factors in this market which have created an environment of insecurity and gold has shown to be the perfect insurance against any type of disruptive event.
both funds likely
There are some funds that play both commodities the same way. Profit-taking is also likely on the way up.