Alan Williamson
Alan Williamson
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.
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.
almost enjoyed excuse last likely looking rally seems since
What seems more likely is that the markets, having enjoyed an almost uninterrupted rally since last summer, have been looking for an excuse to take a breather and consolidate the gains.
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.
belief dollar partly result strength
This is partly as a result of the belief that any dollar strength will be temporary,
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.
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.
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.
aggressive anybody imagine position rest taking
I can't imagine anybody taking any aggressive position for the rest of today.