John Read
John Read
attempting believe confine extremes gold likely metal range recent
We believe that gold is attempting to find a range with the recent extremes of $535 and $555 likely to confine the metal for a while.
although believe both firm lower metals near platinum profit stage suspect taking term three towards
We believe that new-year allocations towards commodities will keep platinum and palladium firm in the near term and see platinum at $1,100/oz and palladium at $300/oz over one month, although we suspect that profit taking will set in at some stage and see both metals lower to $1,050/oz and $270/oz in three months.
above basis demand prices recognize supply
We recognize that prices are above what is justifiable on the basis of supply and demand fundamentals.
base gold improving needed period prices rallying silver strong
We had a period of needed consolidation in gold ... with rallying base metals, strong silver prices and improving momentum, we can probably go higher.
cricket evolving situation tells wales whatever
It is an evolving situation and we will do whatever the ECB (England and Wales Cricket Board) tells us.
additional buying compared derivative gold metal risk taken
I would say that when buying gold shares, additional risk is taken on compared to buying the metal or a derivative thereon.
anniversary approach attack gold higher iraq looks move supported
Gold looks set to be supported and set to move higher as we approach the anniversary of the 9/11 attack on the U.S. and the expectations of an attack on Iraq intensify.
establish fresh gold itself looking market range trying
Gold is trying to establish itself in a range at the moment. The market is looking for fresh direction.
catalyst fresh gold recent return search
Gold is in search of a fresh catalyst to return it to recent highs.
continue gold manner near positive strength suspect
Gold has started 2006 in a positive manner and we suspect that this strength will continue in the near term.
appear believe bullish found gold metals precious recent soon support turn
Gold and the other precious metals appear to have found support after the recent sell-off, however, we believe it is too soon to turn bullish on gold specifically.
cannot dollar factor gold happening people realized simply trade
People have realized that the dollar is important for gold but it's not the only factor and you cannot slavishly trade gold just simply because of what's happening to the dollar.
almost correction few gold inevitable months past point rally rapid
After the rapid rally in gold over the past few months a correction is almost inevitable at some point and this could be it.
move point question
I don't think there's any question about that. At some point you move on.