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 base bit direction gold halfway helping high metals oil people point seems showing struggling uncertain
You are not getting much direction from oil because it is ... not showing much of a trend. People are a bit uncertain and the base metals are probably not helping ... Gold seems to be struggling to get back above $555 - the halfway point between the high and the low.
affected agree general massive metal people year
Most people agree it's the metal of the year for general fundamentals, but they are all heavily affected by massive speculation.
decided gold market matter whether
So it doesn't matter really whether it is or it isn't, the gold market has decided it is an issue.
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.
appetite enormous metal
The appetite for metal commodities is enormous at the moment.
miss nobody time wants
For the time being, nobody wants to miss out.
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.
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.
correction tough
Has it done any damage, or is it just a correction in an upward trend? That's a tough call.
benefit dollar gold interest investor situation suffer
We are now in a situation really where investor interest is so much that gold can benefit if the dollar declines, but it doesn't suffer particularly if the dollar strengthens.
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.
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.
clearly dollar gold metals weakness
Clearly the dollar weakness is a big factor, not just for gold but for the other metals as well.