Peter Spina
Peter Spina
allow correction higher metals otherwise ready remain run
Equities remain ready to run even higher if the metals allow them to. Otherwise a correction is due.
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.
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.
bring expected willing
Pullbacks are expected to bring in willing buyers.
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.
appears metal short term took weakness
Metal equities took a thrashing and it appears there may be more weakness in the short term here.
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.
continued higher march mining overhead resistance seen
Mining equities continued to march higher but overhead resistance is seen in many equities.
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.
attract caused demand difficult due good investment lack products silver
It's difficult to see how much investment demand will be caused by this yet, but due to the lack of silver investment products ... this should attract some good interest.
action remains taking
The real action remains in silver, taking away from gold's luster.