Stephen Briggs
Stephen Briggs
Stephen Briggsis a British writer of subsidiary works and merchandise surrounding Terry Pratchett's comic fantasy Discworld. The Streets of Ankh-Morpork, the first Discworld map, was co-designed by Briggs and Pratchett and painted by Stephen Player in 1993. The Discworld Mapp, A Tourist Guide to Lancre and Death's Domain followed...
above gold halfway high point seems struggling
Gold seems to be struggling to get back above $555 -- the halfway point between the high and the low.
buying gold gone people price
Gold is fashionable today. Most people are buying because the price has gone up, not because they think the price will go up.
background behind buying dollar investors metals precious prices pushed quietly
Remorseless buying of precious metals by investors has pushed prices higher. Quietly behind in the background is dollar weakness.
miss nobody time wants
For the time being, nobody wants to miss out.
correction tough
Has it done any damage, or is it just a correction in an upward trend? That's a tough call.
actual against bullish guarantee hopes market point sort thinks
There is no guarantee that there will be buyers, but the point is that the market thinks and hopes that they will and that's just the sort of bullish spin, even if it is against the actual fact.
clearly dollar gold metals weakness
Clearly the dollar weakness is a big factor, not just for gold but for the other metals as well.
again ammunition challenge gold great highs interest investors metals plenty suspect throw underlying
The investors have plenty more ammunition to throw at it. The underlying interest in metals generally, and gold in particular, is still so great that you have to suspect that you are going to challenge the highs again which is $10 away.
gold interest reason
I don't see any reason why this interest in gold will go away.
obviously storage
I don't see any demand. Storage is obviously high.
amount coming huge investors money
I don't think this (drop) is enough to put investors off completely, there is still a huge amount of money coming into commodities.
confidence current environment happen heady interest investor massive
However, in the current heady environment of massive investor interest in metals, we have little confidence that this will happen soon.
bets trouble
If you were to have heightened trouble at Grasberg, all bets are off.
forecast grow lead production
In all, we forecast that world lead production will grow by 5.5%-6.0% in 2006 and 4%-4.5% in 2007.