Alan Williamson
Alan Williamson
base distinct drag further given increased metals precious prices recent
Given the increased correlation between base and precious metals over recent months, any further weakening in base metal prices would be a distinct drag on gold.
dollar given hardly heart ignored market move positive surprising though weakness
Given the positive sentiment...it would hardly be surprising if the market does take heart from any dollar weakness even though it ignored the move higher.
either hits quiet remain sideways until
Today, it's been very quiet all day - no real direction. I think it's going to remain sideways until someone hits it either way.
downside due net risk upside
There is much risk on the upside than the downside due to net long positions. There's more on the go for platinum.
bullish considered factors gold risks
With many of the factors that were considered bullish for gold still in place, the risks for gold are weighted to the upside.
earlier expected figures gold impetus lost lower profit release taking trade upside
Gold lost some of its impetus with the release of lower than expected US trade figures and this prompted profit taking in gold. Earlier in the day gold's upside had also stalled.
breath gold unless
Gold is pausing for breath now. Unless it comes back down and breaches the $562 level, then I think the uptrend is still intact.
days dollar east few happens market middle next suspect unless
Unless something happens in the Middle East or the dollar has a significant move, then I suspect that the next few days we are just going to see the market drifting.
brings direction fall hoping mind numbers seven votes wherever
Wherever the numbers fall, they fall. I am hoping they fall in my direction. Seven votes brings to mind that every vote does count.
although bargain beginnings consumers falls higher hunting markets price remains seen sharp turn whether
The sharp price falls have seen the beginnings of some bargain hunting by consumers and investors, although whether this will be enough to turn the markets higher remains to be seen.
broad continued enthusiasm industry investors key platinum prices reflects strength tight
The strength in platinum prices reflects two key factors: the broad enthusiasm for commodities by investors and speculators, and the continued tight industry fundamentals.
buying dips mantra markets profitable remains
Buying the dips remains the most profitable mantra in the markets at the moment.
external helped lacking market otherwise support
Geopolitical tensions have helped to support the price, but otherwise the market is lacking any external impetus.
again base early gold helped market metals recovery sentiment surprised towards
Once again the gold market has surprised by its resilience. Sentiment towards gold was helped by an early recovery in the base metals markets.