30 Quotes by Stephen Briggs
- Author Stephen Briggs
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So it doesn't matter really whether it is or it isn't, the gold market has decided it is an issue.
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Most people agree it's the metal of the year for general fundamentals, but they are all heavily affected by massive speculation.
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For the time being, nobody wants to miss out.
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There is no guarantee that there will be buyers, but the point is that the market thinks and hopes that they will and that's just the sort of bullish spin, even if it is against the actual fact.
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Gold seems to be struggling to get back above $555 -- the halfway point between the high and the low.
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Gold is fashionable today. Most people are buying because the price has gone up, not because they think the price will go up.
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Has it done any damage, or is it just a correction in an upward trend? That's a tough call.
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Remorseless buying of precious metals by investors has pushed prices higher. Quietly behind in the background is dollar weakness.
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The appetite for metal commodities is enormous at the moment.
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