George Gero
George Gero
attracted momentum players volatility
Now you have momentum players and volatility players being attracted into the market.
course help investors looking money oil seem stock
It was triggered by the dollar, the yen, and of course the idea of $70 crude. (Higher) oil didn't help the stock market, so investors were looking for another place to put their money and they seem to be looking at the metals.
It was an unbelievable run-up. It was done pretty orderly.
customers exchange oversight properly ran
They actually ran a very good, under CFTC oversight and under exchange oversight, futures business, where all customers were always properly margined.
friday gold good nobody rally short wants
We have a good rally going on because of what's going on in Saudi Arabia. It is Friday and nobody wants to be short the gold over the weekend, so up go all the metals.
climb continue continuing fact fed helped interest longer raise spite waiting
We continue to climb in spite of the stock-market rise, all helped by the possibility that the Fed may no longer be continuing its raise (in interest rates). We are waiting to see if in fact that will happen.
buying energy euro funds gold notice
Funds are buying gold because they notice the decoupling from the euro and the decoupling from the energy market.
coming fact follow funds gold ratio silver starting traders
Silver has new sponsorship. We are starting to see new funds coming into silver. Part of it has to do with the fact that a lot of traders who follow gold and silver think the silver/gold ratio was out of kilter.
gold good job less lively silver
Silver had been less lively than gold (before Wednesday), and now it's doing a pretty good job of a catch-up.
gold moving people reasons seem
There doesn't seem to be an end to the reasons why people want to keep moving into the gold.
buying money
There also is a lot of option-related buying because everything is in the money now.
adding commodity general highs increasing momentum positions power purchasing seems
It seems that general commodity highs are adding purchasing power to momentum players' funds, so they are increasing positions in the metals.
incredibly knows platinum questions russia
Palladium and platinum are incredibly robust. There are questions about Russia's deliveries -- no one knows what Russia means.
energy gold iran major political problems safe
Gold is a safe haven. We have major political problems in Iran and energy problems in Nigeria.