7 Quotes by Paul Merrick
- Author Paul Merrick
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With the yen having weakened by 10 percent since September, gold offers them both a currency hedge and a diversification away from equities and bonds.
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- Author Paul Merrick
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Silver Surges on exchange traded fund hopes. There is a serious risk that the silver price could ramp up by 25 per cent over the next couple of months, driven by supply concerns.
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- Author Paul Merrick
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Momentum traders will not want to sell -- if this month's trajectory continues, then gold will be at $568 by year-end and $649 by the end of February.
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- Author Paul Merrick
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I suspect that there is a significant buyer out there, probably a central bank.
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- Author Paul Merrick
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The recent frothy price action could not be sustained and once the market has completed its current shakeout, we can expect a return to more measured progress in 2006.
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- Author Paul Merrick
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Its current stratospheric performance is a combination of three factors -- strong fundamentals, a rampant commodities sector, with most base and all precious metals at multi-year or all-time highs, and massive investor interest led by the Japanese.
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- Author Paul Merrick
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If the U.S. dollar happens to weaken then that would be good for gold probably, (although) gold has been dancing to its own tune recently so it doesn't necessarily follow.
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