Darren Heathcote
Darren Heathcote
normally silver
I just think silver is getting a little more speculation than it normally would.
investment silver wonder
I do wonder about the validity of silver as an alternative investment vehicle.
moment mood
At the moment the mood is still jubilant.
bit lacking
At the moment, I think we're lacking a little bit of direction.
bit
We are still in an upward trend. The fundamentals are still in place but I think we are having a bit of a shake-out.
happen london looks near targeting
Certainly, it looks like we are targeting $600 in the near term. It may happen in London overnight.
funds looking might money opinion somewhat speculate spike
Obviously, the funds will be looking to speculate and make some money out of this. But I am still of the opinion that the spike might be somewhat short-lived.
break dollar gold recent saw seen though
We've seen gold break the correlation with the dollar in recent times. We saw gold strengthening even though the U.S. dollar was strengthening.
bit break broken buy confidence fact helping people sustained
The fact that it hasn't broken through, sustained a break through $535 is probably helping people to find a bit more confidence to buy it back again.
drivers either particular push
It doesn't look like we've got any particular drivers to push it either down or much higher.
again area building great lows move scope
I think the scope is great to move down to the lows of the $525 area before building again for another move up.
break duration looking sustain test
If we sustain this break for the duration of the day, then I think we will be looking to test $495 again.
again boost dollar extent follows halt next policy raise raising rates statement suffer
If the statement that follows suggests they may look to halt their policy of raising in moderation, to the extent that they're not going to raise rates again at the next meeting, then the dollar could suffer on the back of that and that would give a boost to gold.
bit momentum positive push
We're still in a bit of consolidation...I think everything is still pretty good, still positive for gold. It doesn't really have any momentum to push it down.