John Read
John Read
additional buying compared derivative gold metal risk taken
I would say that when buying gold shares, additional risk is taken on compared to buying the metal or a derivative thereon.
demand gold investment level money physical support underlying until
We need to find the level at which underlying physical demand will support gold. Until then, I wouldn't be comfortable with gold up here, because it's all investment and speculative money at the moment.
base gold improving needed period prices rallying silver strong
We had a period of needed consolidation in gold ... with rallying base metals, strong silver prices and improving momentum, we can probably go higher.
believe china gold increase interpret investors likely market positive raise
We believe that investors are likely to interpret this ... as being positive for the gold market as it will raise speculation that China will increase its gold holdings.
attempting believe confine extremes gold likely metal range recent
We believe that gold is attempting to find a range with the recent extremes of $535 and $555 likely to confine the metal for a while.
buying gold positive silver suspect technical
We suspect that technical buying of gold and silver on COMEX (New York) will be triggered by a positive announcement of the silver ETF.
anniversary approach attack gold higher iraq looks move supported
Gold looks set to be supported and set to move higher as we approach the anniversary of the 9/11 attack on the U.S. and the expectations of an attack on Iraq intensify.
establish fresh gold itself looking market range trying
Gold is trying to establish itself in a range at the moment. The market is looking for fresh direction.
catalyst fresh gold recent return search
Gold is in search of a fresh catalyst to return it to recent highs.
continue gold manner near positive strength suspect
Gold has started 2006 in a positive manner and we suspect that this strength will continue in the near term.
appear believe bullish found gold metals precious recent soon support turn
Gold and the other precious metals appear to have found support after the recent sell-off, however, we believe it is too soon to turn bullish on gold specifically.
base demand emerges form fresh gold level metal physical support
The level at which physical demand emerges to support the metal will then form a base for gold to make fresh gains.
either extremely gold market ounce seems spot time today trade unlikely
It seems extremely unlikely that gold doesn't trade $600 an ounce in the spot market at some time either today or this week.
cannot dollar factor gold happening people realized simply trade
People have realized that the dollar is important for gold but it's not the only factor and you cannot slavishly trade gold just simply because of what's happening to the dollar.