23 Quotes by Peter Spina

Gold continues to perform very well, despite calls from industry analysts that a correction is due at these levels. In fact, gold does not appear to want to correct just yet and is looking to run to $600.

It is just a matter of time before we have another leg down in the U.S. dollar and this will just add to the luster of gold and silver.

Metal equities took a thrashing and it appears there may be more weakness in the short term here.

Uncertainty on future FOMC interest-rate hikes, with a strong bias of at least another quarter-point increase at the next meeting, gave the U.S. dollar a lift after the FOMC decision.

We are undergoing a healthy bull market consolidation, with the likelihood there may be more pain to the downside.

As is so often the case in the precious metals, corrections tend to be vicious and quick. With the major move higher over the past several sessions, the gold market is working off some of the excesses.

Equities remain ready to run even higher if the metals allow them to. Otherwise a correction is due.

Pullbacks are expected to bring in willing buyers.

It's difficult to see how much investment demand will be caused by this yet, but due to the lack of silver investment products ... this should attract some good interest.