James Moore in Wikipedia
The market is now looking increasingly top heavy and in need of a correction.
Physical buying and technical support ahead of $535/oz should continue to keep gold underpinned in the coming sessions, although the metal still remains vulnerable to further bouts of liquidation, which have the potential to knock gold back to $495/oz to $500/oz.
Oil and the dollar will continue to play a heavy hand in gold intra-day direction while longer-term geo-political unrest and concerns over oil prices will continue to draw investors towards safe-haven and anti- inflationary asset classes such as gold.
Oil and the dollar will continue to play a heavy hand in gold intraday direction, while longer-term geopolitical unrest and concerns over oil prices will continue to draw investors toward safe-haven and anti-inflationary asset classes such as gold.
Gold should find temporary resistance around $572 but a re-test of January's $575 high now appears imminent with resistance above now expected at $578/$582.
I think the devil will not have [you] damned, lest the oil that's in [you] should set hell on fire.
(April 26, 1564 - April 23, 1616)
2006 is going to be a wake-up year for many homeowners.
The artist is nothing without the gift, but the gift is nothing without the work