Ross Norman Quotes (10 Quotes)

There is a feeling in the market that the gold price will test the seventeen-and-a-half year high of 475.90 this afternoon and if successful then we'd probably aim for or hit the 480 level sometime next week. If the market fails to breach 475.90 today then I'd say we'll keep trying next week.

The dollar is only down a tad, so it is looking like a pure gold move,

We had a big shakeout in recent days. There was something of a bear trap at the end of August when gold dipped briefly below 430oz before finding support from physical buying.

Gold has lagged behind what many analysts had expected or hoped given the prevailing dollar weakness, ... Gold has seen some liquidation, from one fund in particular, and I suspect that is still weighing on the market.

We see no reason why gold should not repeat the performance of recent years and achieve a rise ... of 20 in 2006. That would see prices between 580 and 600 an ounce in 12 month's time.

Its time to hang onto your hats because its going to get bumpy from here on.

The market appears to have migrated from something that one could readily measure and weigh according to a fairly reliable set of fundamentals into one where the tide shifts less to natural market forces and more to what is described as the 'madness of the crowds'.

Oil has come off over the last few days and I suspect the current slight weakness in gold is a small reflection on that.

Were it not for that we might have expected gold to be 10 or even 15 higher than it currently is.

It's relatively quiet today. Fridays are invariably busy as many players generally get nervous ahead of the weekend,