14 Quotes by Jim Quinn
- Author Jim Quinn
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We're seeing price swings that we haven't seen in decades. We used to see a $6 range in gold over a week, and now we see it in a single day. The gold market is really going to be in play over the course of the year.
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- Author Jim Quinn
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When the market failed to hold $13, I think it shook some confidence in the market a little bit.
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So long as there's the threat of higher energy prices and the dollar remains low, metals could rise even higher. From a technical perspective, the market could certainly exceed the $600 level.
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If they couldn't make good on some coffee contracts, prices might go up.
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Gold is still very much in vogue. Even though we had a pullback on what looked to be profit-taking, there was still some buying underneath the market. I think on any type of weakness, you're going to see some managed-money interest.
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We had a little flight-to-quality interest because of Iran. If we didn't have the Iran news underpinning the market, the stronger dollar would probably have had more of an impact on the metals trade.
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We played with that $600 level. I think the market's inability to get back above it early today - with the weaker energy and stronger dollar - all contributed to a little profit-taking.
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Brazil is coming in with a huge crop, but coffee is a cyclical situation. It's usually a good year, then a bad year.
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The way they played at guard, as fast as they were off the dribble and when they shoot like that, they are going to be a tough out for anybody.
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