Gold is sitting in no-man's land as support and resistance remain far away. |
It was a combination of themes we've been seeing for the year, which is a commodity that is exploding upwards in price and a US dollar weakening across many currencies. |
Really, silver had gotten too far in front of itself. So we're seeing a pullback. |
The key buyers are funds. With new highs being hit, more momentum will enter the market. |
There were a bunch of us who sat around in a common room here at King's and it was interesting to see yourself on TV. |
There's new money coming in, as opposed to a shift to physical silver from ownership of stock, and I think both the mining stocks and the actual underlying silver are going to benefit. |