James Moore
James Moore
Royal Asiatic Society fellow who began his career with Gurdjieff and Mansfield in 1980 and wrote Gurdjieff: The Anatomy of a Myth in 1991.
ProfessionNovelist
Date of Birth16 December 1929
bullish concerns cost firmly investment moment oil remains rising tone
The tone remains firmly bullish for the moment as rising oil cost and geo-political concerns heighten gold's 'safe-haven' as well as investment appeal.
advantage fall gold investors low rally recent
Gold may fall as low as $462, as investors will take advantage of the recent rally to take profits.
fans football
I think we're the only football fans in this place, actually.
ahead chart continue continuing currently deficit demand finding industrial metals platinum provide strong supply support
Platinum should continue to find support ahead of $940/oz with the metals supply deficit and strong industrial demand continuing to provide strong support while palladium is currently finding support at $240/oz with strong chart support pegged at $220/oz.
early industrial metal targeting work
The industrial metal should work between $250/oz to $270/oz for now before targeting $300/oz in early 2006.
continue work
Palladium should continue to work between $240/oz and $265/oz.
agreement anniversary behind despite gold interest investor likely looking market metal recent renewal rise second sept washington whilst
Despite the market looking overbought at the moment, the second anniversary of Sept 11th and the pending renewal of the Washington Gold Agreement are likely to underpin the metal whilst the recent rise in investor interest has been behind gold's recent gains.
cheer home taste
a taste of home and to cheer them up some.
buying emergence months positive rather seen
The emergence of fund/investor buying today, rather than long liquidation that was seen 12 months ago, is positive for gold's short- as well as longer-term outlook.
calm further higher might tests
It might even be a calm before the storm. I think we are going to see some further tests higher this week.
further likely moves prompt remains support towards
Support remains pegged at $485/oz, while moves back towards $500/oz are likely to prompt further long liquidation.
although break chart coming expected further higher leave resistance until
Further resistance around $1 020/oz is expected in the coming sessions although a break higher would leave little in the way of chart resistance until $1 040/oz.
couple few lower next tests trend
I think we will probably see another couple of little tests lower in the next few days, but as a whole the trend is still very firm.
continue dependent direction economic europe latest market news sideways trade traders weigh
Short-term direction is still heavily dependent on the currencies, however, with the market set to trade sideways around $405-30 for a while as traders continue to weigh up the latest economic news from the U.S., Europe and Japan,