Yingxi Yu
Yingxi Yu
aggressive dip fund further looking people positive price quite remains selling sentiment strong supported
Any price dip has been quite well supported by fund buying, and aggressive selling has been discouraged. The positive sentiment remains very strong and people are looking for further price gains.
buying deficit driven expected looking past platinum prices six
Prices are being driven up by hedge funds, which are buying platinum because its fundamentals are looking good. Platinum has been in deficit for the past six years, and it's expected it will be in deficit this year.
backed bank buying central continue determined dollar dynamics economic gold hopes largely led myriad next physical price scale soaring year
Price dynamics in gold next year will continue to be largely determined by speculative interest, backed by a myriad of justifications like inflationary risks, energy-price led economic slowdown, expectations of a US dollar correction, soaring physical demand, supply-side constraints, hopes of large scale central bank buying and so on.
correction feature healthy largely last late major market rising since sort taken
The market has been rising without any major correction since late last year. This sort of correction was largely anticipated and it could be taken by some as a healthy feature to the market.
direction general lack volatility
I think near-term volatility is going to persist. There is a general sense of lack of direction in the market.
exists high interest
Interest still exists even at such high prices.
continue overall potential upside
Overall we continue to see upside potential in this market.
above against environment gold good high oil remain support today trade
Gold is probably going to remain in a range-bound trade today and should find good support above $565 against an environment of high oil prices.
continue depend largely price short term trends
Short term price trends will continue to largely depend on gold.
appears downside factors further gains gold limited market pointing quite short
The downside appears quite limited at present...There are factors pointing to further gains in the gold market in the short term.
asset gold holds potential prices push role value
This has the potential to push prices higher. Gold has always had a traditional role as an asset which holds its value in times of uncertainty.
confidence data encouraged extend fall fund giving interest latest net shows
The fund interest is still very strong, probably also encouraged by the latest CFTC data that shows a fall in the net length, giving speculators more confidence to extend their long positions.
action elevated impressive price prices remain strong suggest technical trends various
The strong price action and impressive technical trends in various currencies suggest prices should remain elevated in 2006.
associated negative stigma
There is still a negative stigma associated with hedging.