Although these would be small compared with the cumulative deficit of 2003-2005, the consequent likely rise in reported stocks could be supplemented by more unreported material resurfacing. |
Clearly the dollar weakness is a big factor, not just for gold but for the other metals as well. |
Everything is bullish. They (prices) will probably go higher. |
For the time being, nobody wants to miss out. |
Gold adores bad news...If we are looking at a serious confrontation between the US and Iran, that's not good for the world economy but that's great for gold. |
Gold is fashionable today. Most people are buying because the price has gone up, not because they think the price will go up. |
Gold seems to be struggling to get back above $555 -- the halfway point between the high and the low. |
Has it done any damage, or is it just a correction in an upward trend? That's a tough call. |
However, in the current heady environment of massive investor interest in metals, we have little confidence that this will happen soon. |
I don't see any demand. Storage is obviously high. |
I don't see any reason why this interest in gold will go away. |
I don't think this (drop) is enough to put investors off completely, there is still a huge amount of money coming into commodities. |
If you were to have heightened trouble at Grasberg, all bets are off. |
In all, we forecast that world lead production will grow by 5.5%-6.0% in 2006 and 4%-4.5% in 2007. |
It (the price movement) illustrates that a large number of investors simply see it as a buying opportunity. |