Yingxi Yu
Yingxi Yu
below group metals platinum recent remain
The platinum group metals remain well below their recent peaks.
either expect fresh gold lack mood move near remain trigger
With a lack of fresh catalysts to trigger a significant move in either direction, we expect gold to remain in its consolidation mood over the near term.
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.
broader further likely prices remain rule volatile weakness
We will not rule out the possibility of further weakness and prices are likely to remain volatile in a broader range.
ahead conditions expect holiday market mood price remain spark thin though trading weekend
We expect the market to remain in consolidation mood for now, though thin trading conditions ahead of the long holiday weekend could well spark big price movements.
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.
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.
cannot conditions days few likely market nervous next quite remain ruled weakness
The market conditions are likely to remain quite nervous over the next few days and near-term weakness in the TOCOM market cannot be ruled out.
continue overall potential upside
Overall we continue to see upside potential in this market.
base believe built either fund interest investors leaving moves price silver vulnerable
We believe that the fund interest in silver is built upon a much narrower base of investors than gold, leaving it more vulnerable to big price moves in either direction.
across days dollar few fresh holding impetus past positions sentiment weakness
There is no market-specific impetus for fresh long positions to be established at present. Sentiment has been weakened by weakness across commodities over the past few days and the dollar is holding up well.
continue critically decide hinges investors rally stay whether
Whether or not the rally can continue hinges critically on how long investors decide to stay in the market.
bring factors near positive prices top
We see some positive factors that could potentially bring prices near the top of this range.
appears downside further generally market near potential pressure supported unlikely violent weakness
We see potential for further downside pressure over the near term, but the market generally appears well supported at the moment. So any weakness is unlikely to be very violent or major.