Yingxi Yu
Yingxi Yu
buying explain investors price reasons trying
A lot of investors are just buying because the price is going up, then trying to find reasons to explain it.
above gains impressive platinum recent rising seen strongly
Impressive gains are seen in platinum and palladium, which are rising strongly above their recent ranges.
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.
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.
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.
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.
continue near overall potential upside weakness
After yesterday's weakness there could be some consolidation in the near term, but overall we continue to see upside potential in this market.
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.
adding backdrop dollar key supportive theme weak
A weak dollar has been the key supportive theme recently, while the surrounding geopolitical backdrop is adding to the support.
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.
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.