Peter Spina
Peter Spina
continued higher march mining overhead resistance seen
Mining equities continued to march higher but overhead resistance is seen in many equities.
continued excitement footing markets platinum positive proposed regarding silver united week
Gold, silver and platinum started the week off on positive footing with continued excitement in the silver markets regarding the proposed silver ETF in the United States.
bias dollar future gave increase lift next strong
Uncertainty on future FOMC interest-rate hikes, with a strong bias of at least another quarter-point increase at the next meeting, gave the U.S. dollar a lift after the FOMC decision.
bull healthy likelihood market pain undergoing
We are undergoing a healthy bull market consolidation, with the likelihood there may be more pain to the downside.
case gold higher major market move past precious several tend vicious
As is so often the case in the precious metals, corrections tend to be vicious and quick. With the major move higher over the past several sessions, the gold market is working off some of the excesses.
assigned boost deserted education fund german given gold government invest news plans proceeds research sales special weak
News that the German government has deserted plans to invest proceeds from gold sales into a special fund assigned for research and education has given a boost to a weak gold market.
above ahead record resistance silver stocks taking
Silver stocks are powering ahead ... taking the HUI above the 315-316 resistance to all-time record highs.
center closer news possible silver step taking
Silver is taking center stage...with the news of Barclays' silver ETF a step closer to possible approval.
center closer gold investors moving news possible silver stage step taking
Silver is taking center stage ... with the news of Barclays' silver ETF a step closer to possible approval. We have some gold investors moving into the silver market.
action remains taking
The real action remains in silver, taking away from gold's luster.
add dollar gold leg matter time
It is just a matter of time before we have another leg down in the U.S. dollar and this will just add to the luster of gold and silver.
add coming expect gains higher large next onto possibly silver spike
For the short-term, we expect silver to add onto gains in the coming sessions and possibly spike much higher before we find the next large liquidation and correction.
costs earnings fields gold increase lower million production rand release slightly stellar strong
Gold Fields had a stellar second-quarter earnings release Thursday, with a combination of a strong Rand gold price, slightly lower production costs and an increase in production to 1.04 million ounces (from 993,000).
appear calls continues correction despite due gold industry looking perform run
Gold continues to perform very well, despite calls from industry analysts that a correction is due at these levels. In fact, gold does not appear to want to correct just yet and is looking to run to $600.