Alan Williamson
Alan Williamson
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.
continued east enthusiasm metal middle ongoing precious prices remain
Precious metal prices remain firm, underpinned by ongoing tensions in the Middle East and continued speculative enthusiasm for commodities.
gold highs lows market trade
The trade in the gold market is very, very thin, with gold off the lows and the highs of the day at $502/oz and $508/oz.
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.
activity aggressive attracting bullish buying chart create dearth dips fund helping higher market pattern remains selling thereby
The activity in the bullion market remains very impressive, with aggressive buying of any dips and a dearth of selling in the rallies helping to create a bullish chart pattern of higher lows, and higher highs, thereby attracting more momentum-based fund buying.
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.
aggressive anybody imagine position rest taking
I can't imagine anybody taking any aggressive position for the rest of today.
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.
certainly drift further gold ignoring lower market oil price recent remains sentiment strength towards
Certainly sentiment towards gold now remains positive, with the market ignoring the further drift lower in the oil price and the recent strength in the dollar,
action complex given hardly metals precious price remains sentiment strength surprising towards
Sentiment towards the precious metals complex remains overwhelmingly bullish, which is hardly surprising given the strength of the price action.
complex metals precious remains sentiment towards
Sentiment towards the precious metals complex remains overwhelmingly bullish.
although bear further gold looks ruled sentiment swift towards trap turned
Sentiment towards gold has now turned markedly more bearish and further long liquidation looks likely, although the deterioration in sentiment has been so swift that a bear trap can not be ruled out.
bullish february further gains high move obvious ounce remains seems sentiment towards
Sentiment towards bullion remains overwhelmingly bullish and further short-term gains are likely. A move up towards the February 1983 high of $509 an ounce seems the obvious target.