Yingxi Yu
Yingxi Yu
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.
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.
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.
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.
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.
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.