Darren Heathcote
Darren Heathcote
content continue invested metals people precious
Geopolitical tensions continue to keep people invested in gold. People are content to be long in precious metals than the dollar, or other investments.
drive funds investment pushing
Investment funds are pushing gold. The drive for it is still fundamentally sound.
momentum struggling
It's really struggling to find momentum to go back up again.
normally silver
I just think silver is getting a little more speculation than it normally would.
buying dips interest lack physical severe
There's a severe lack of interest in Asia. There was some physical buying on the dips down. That's started to dissipate.
buying continued definitely funds obviously
There's definitely more buying in gold, obviously on inflationary fears. The funds have continued to buy.
bandwagon basically drive happy japan jumping people recent riding
There was a significant drive in Japan in recent weeks. People are very happy to be jumping on the bandwagon and basically riding the thing up.
broken looks next target yesterday
There's some profit-taking now, but look at where we are. It's broken $520, the target we had yesterday ... looks like $525 is the next target.
investment silver wonder
I do wonder about the validity of silver as an alternative investment vehicle.
dizzy given looking oil support
It's dizzy high, and we're looking at a very overbought market. We're looking for a correction. It has to come at some point. However, given where oil is, it may well give some support on the downside.
bit expect funds happy stage test upside
The funds are still happy to play around at these levels. They expect us to look to test the upside a little bit but I don't necessarily at this stage think we are going to do $500.