Yingxi Yu
Yingxi Yu
decide demand driven evidence exit funds good lower physical prices primarily seen vulnerable
We have not seen evidence of good physical demand at lower levels. Prices have been primarily driven by funds and, therefore, are vulnerable to sell-offs, should funds decide to exit the market.
base believe built either fund interest investors leaving moves price silver vulnerable
We believe that the fund interest in silver is built upon a much narrower base of investors than gold, leaving it more vulnerable to big price moves in either direction.
aggressive dip fund further looking people positive price quite remains selling sentiment strong supported
Any price dip has been quite well supported by fund buying, and aggressive selling has been discouraged. The positive sentiment remains very strong and people are looking for further price gains.
amount buying current environment fund interests price supportive
I think the current environment is very supportive for gold. There is still a considerable amount of fund buying interests on price dips.
confidence data encouraged extend fall fund giving interest latest net shows
The fund interest is still very strong, probably also encouraged by the latest CFTC data that shows a fall in the net length, giving speculators more confidence to extend their long positions.
broader further likely prices remain rule volatile weakness
We will not rule out the possibility of further weakness and prices are likely to remain volatile in a broader range.
ahead conditions expect holiday market mood price remain spark thin though trading weekend
We expect the market to remain in consolidation mood for now, though thin trading conditions ahead of the long holiday weekend could well spark big price movements.
action elevated impressive price prices remain strong suggest technical trends various
The strong price action and impressive technical trends in various currencies suggest prices should remain elevated in 2006.
buying deficit driven expected looking past platinum prices six
Prices are being driven up by hedge funds, which are buying platinum because its fundamentals are looking good. Platinum has been in deficit for the past six years, and it's expected it will be in deficit this year.
looking people rally risky short strong technical trends
Technical trends are looking very strong and people find it very risky to go short right now. I think that's why the rally has been continuing.
continue depend largely price short term trends
Short term price trends will continue to largely depend on gold.
below group metals platinum recent remain
The platinum group metals remain well below their recent peaks.
associated negative stigma
There is still a negative stigma associated with hedging.
bring factors near positive prices top
We see some positive factors that could potentially bring prices near the top of this range.