People will be eyeing $450 as the target. It may not be today. It will be very quiet in the States. |
The fact that it hasn't broken through, sustained a break through $535 is probably helping people to find a bit more confidence to buy it back again. |
The funds are still happy to play around at these levels. They expect us to look to test the upside a little bit but I don't necessarily at this stage think we are going to do $500. |
There was a significant drive in Japan in recent weeks. People are very happy to be jumping on the bandwagon and basically riding the thing up. |
There's a severe lack of interest in Asia. There was some physical buying on the dips down. That's started to dissipate. |
There's definitely more buying in gold, obviously on inflationary fears. The funds have continued to buy. |
There's some profit-taking now, but look at where we are. It's broken $520, the target we had yesterday ... looks like $525 is the next target. |
We are now looking to target about $534,50, with $539 probably the resistance. But I still think we need to see a break below $525 to see an immediate reversal in the trend. |
We are still in an upward trend. The fundamentals are still in place but I think we are having a bit of a shake-out. |
We're still in a bit of consolidation...I think everything is still pretty good, still positive for gold. It doesn't really have any momentum to push it down. |
We're there mate, we've done it. |
We've seen gold break the correlation with the dollar in recent times. We saw gold strengthening even though the U.S. dollar was strengthening. |