James Moore Quotes (62 Quotes)

Gold has found follow through buying in the post-COMEX and Asian sessions which has led it to a fresh 25-year high of 570.50oz and in the current climate of inflationary concerns due to rising energy costs and geo-political uncertainties, particularly in the Middle-East, gold looks set to continue higher, targeting 575oz and potentially 600oz in the short-to medium term.

The combination of early closes, thin volumes and end-of-year book squaring are set to keep volatility high, but with gold set to close above 500oz, the prospects of further gains in 2006 are looking very strong indeed.

Platinum should continue to find support ahead of 940oz with the metals supply deficit and strong industrial demand continuing to provide strong support while palladium is currently finding support at 240oz with strong chart support pegged at 220oz.

Year-end window dressing and physical (non-investment) demand from Asia ahead of the Lunar New Year look set to keep gold underpinned.

The combination of jumping oil prices and weak U.S. economic data has triggered an end-of-week rally in the precious metals complex, with gold rising to just shy of 559.

Overall the prospect of a move higher looks increasingly likely, with prices set to clear the high of last year and push on towards 500 before the year is out,

The background noise of geopolitical tensions, rising oil prices and investor diversification will continue to provide good support in coming sessions.

Burkett is quoted in an upcoming book, Bush's War for Re-election, ... reputation is impeccable.

Oil-driven inflation concerns seem set once again to propel the gold market higher with fund players keen to push the market in their favor.

It might even be a calm before the storm. I think we are going to see some further tests higher this week.

Conditions are set to remain volatile in silver for some time to come as traders await the SEC's decision on Barclay's ETF application.

With the central bank of Argentina hinting they might be buying, all the pieces are coming together to make a bullish picture for gold.

Investors continue to seek gold's safe-haven properties, as U. S.-Iraq tensions rise ahead of the September 11th anniversary.

I'm not pretending I'm not a nice guy. I'm not pretending I don't have a temper.

Silver again took its lead from the gold market with the industrial precious metal making light gains.

This is not going to have any impact on the price as 10 tons is not a whole lot of gold.

For the moment gold should continue to find support above the 500oz level with interim support pegged at 512oz to 505oz, while resistance is pegged at 518oz to 525oz.

The correction looks set to continue over the course of the week, offering not only physical players but investors a good buying opportunity before marching on to the 600 level later in the year.

Fund players have featured heavily on the bid across the day, taking platinum and silver as well most of the base complex to fresh highs today.

Sentiment is still very bullish. There is tension in the Middle East, and oil prices are rising because of it. All of this makes gold and the rest of the precious-metals complex a safe bet.

We have seen good demand from investors on TOCOM (the Tokyo market) overnight and strong demand from funds in the U.S. I think we are going to look now to move up to 1,040 an ounce.

It's a well-intentioned but wrong-headed policy. I think eventually hybrids would penetrate the fleet to a sufficient extent that carpool lanes will no longer be offering any advantage.

The firm start in the US might be the catalyst needed for a test of 575oz, particularly with the IAEA due to reach its verdict on Iran which could mean sanctions and would not only heighten tension in the Middle East, but could create inflation concerns if oil output was curbed.

With clear skies above on the charts as well as positive fundamentals and strong investment demand, platinum has plenty of scope for further gains in the coming sessions.

Gold is getting good support at current levels and is holding above the lows of last week.

This week could prove quite important for gold as speculators decision whether to probe higher or to continue locking in profits.

Hopefully this will take care of all the issues.

They would have missed the targets before, and given the number of people who have been anticipating the targets could lift, I think it is entirely justified that the share is falling on the ridiculous expectations (in the market).

There's a certain amount of uncertainty in all the work that we do, and until we go there and physically excavate the area, we can only make estimates.

Platinum still looks a little shaky short-term and has the potential to dip to the 100-day moving average at 935oz, while palladium could fall back to the 220oz area.

Platinum looks set to test 1100oz while a break above 298oz would leave the way clear for palladium to test of 330oz.

The absence of chart resistance points and persistent investorfund demand leaves platinum with plenty of scope for gains in the coming sessions.

In other countries where biking is as common as driving, motorists feel like they don't belong on the road. They travel slow and cautiously. Here in America, we feel that we have the right to the road and the cyclists are slowing us down. ... We have to get out of that way of thinking.

Despite the risk of another correction though gold should continue to find good support given the limited change in the macroeconomic and geopolitical picture, particularly with the UN security council's deadline on Iran approaching at the end of the week

Gold should find temporary resistance around 572 but a re-test of January's 575 high now appears imminent with resistance above now expected at 578582.

Despite the market looking overbought at the moment, the second anniversary of Sept 11th and the pending renewal of the Washington Gold Agreement are likely to underpin the metal whilst the recent rise in investor interest has been behind gold's recent gains,

Like gold, platinum may need a period of consolidation before making a sustained rally. But with the metal trading close to its all-time high, I would be surprised if investors and fund players don't go gunning for the highs in the coming sessions.

Gold looks set to remain in its current uptrend for the moment, with fresh investment interest keen to drive the market higher.

During the period of approximately two years' delay in notice to underwriters, substantial negative developments occurred and settlement opportunities were lost,

The market for gold is very thin and gold is higher on a bit of buying. Gold could test 518oz or maybe 525oz today. The range for the rest of today, for gold, is likely to be between 518oz to 525oz. Despite the risk of a downwards correction, similar to that seen at the start of 2005, the outlook for the precious complex remains very upbeat with the combination of positive supply and demand fundamentals, good physical and growing investor demand set to push the metal beyond the 541oz high seen in early December and continue the bull-trend across the year.

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Obviously, the New York holiday is leaving market conditions quite thin and the trade is looking at the background noise such as the dollar and oil prices.

The absence of upside momentum suggests a period of consolidation may be necessary before gold continues towards 600.

Strike action in Mexico has certainly given the market a bullish boost.

Whether the yellow metal will hold above 550oz rests largely in the hands of US traders as they return later today.

As we approach year-end, further profit taking can be expected with the thin condition creating plenty of volatility. Support is now pegged at 485oz while moves back towards 500oz are likely to be seen as good selling opportunities.

From a technical point of view, the current correction is positive for the longer-term bull run and should give the metal the legs to clear the current 25-year high ... and push on towards 600.

Gold is looking set for more sideways trade.

We will probably have another look higher again later today. It's just a matter of time before we breach 600.

For the moment, gold appears comfortable just below the 550oz level, working between 542oz and 550oz. While the mid to longer-term outlook remains bullish for gold, the yellow metal needs to make a convincing break above 550oz, in the next few days, in order to avoid losing some of its short-term momentum and potentially correct back to 525oz.