There also is a lot of option-related buying because everything is in the money now. |
There are many upward pressures on gold that continue to take it higher, like the deficit, the weakness of the dollar and additional Iran threats. The path of least resistance is up. |
There doesn't seem to be an end to the reasons why people want to keep moving into the gold. |
They actually ran a very good, under CFTC oversight and under exchange oversight, futures business, where all customers were always properly margined. |
We continue to climb in spite of the stock-market rise, all helped by the possibility that the Fed may no longer be continuing its raise (in interest rates). We are waiting to see if in fact that will happen. |
We have a good rally going on because of what's going on in Saudi Arabia. It is Friday and nobody wants to be short the gold over the weekend, so up go all the metals. |
We haven't seen these violent moves [in prices] in several weeks. |