39 Quotes by Alan Williamson

I can't imagine anybody taking any aggressive position for the rest of today.

Given the increased correlation between base and precious metals over recent months, any further weakening in base metal prices would be a distinct drag on gold.

Given the positive sentiment...it would hardly be surprising if the market does take heart from any dollar weakness even though it ignored the move higher.

Today, it's been very quiet all day - no real direction. I think it's going to remain sideways until someone hits it either way.

There is much risk on the upside than the downside due to net long positions. There's more on the go for platinum.

With many of the factors that were considered bullish for gold still in place, the risks for gold are weighted to the upside.

Gold lost some of its impetus with the release of lower than expected US trade figures and this prompted profit taking in gold. Earlier in the day gold's upside had also stalled.

Gold is pausing for breath now. Unless it comes back down and breaches the $562 level, then I think the uptrend is still intact.

Over recent months gold and equity prices have been positively correlated. This has particularly been the case in Japan, where investors have sought to lock in stock market gains by recycling funds into gold. With equity markets weakening, local investors sought to secure gains on gold and move into cash.