Yingxi Yu
Yingxi Yu
bring factors near positive prices top
We see some positive factors that could potentially bring prices near the top of this range.
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.
again few given high likely market past prices testing trading
Given the way the market has been trading over the past few days, we are very likely to see prices testing another 25-year high again this week.
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.
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.
among community drive due early enthusiasm last late prices weaker year
The weaker (gold-dollar) correlation late last year and early this year was due to the overwhelming enthusiasm among the speculative community to drive prices higher.
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.
asset gold holds potential prices push role value
This has the potential to push prices higher. Gold has always had a traditional role as an asset which holds its value in times of uncertainty.
below group metals platinum recent remain
The platinum group metals remain well below their recent peaks.
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.
appears downside further generally market near potential pressure supported unlikely violent weakness
We see potential for further downside pressure over the near term, but the market generally appears well supported at the moment. So any weakness is unlikely to be very violent or major.
associated negative stigma
There is still a negative stigma associated with hedging.
either expect fresh gold lack mood move near remain trigger
With a lack of fresh catalysts to trigger a significant move in either direction, we expect gold to remain in its consolidation mood over the near term.
continue depend largely price short term trends
Short term price trends will continue to largely depend on gold.