Geopolitical tensions continue to keep people invested in gold. People are content to be long in precious metals than the dollar, or other investments.
More Quotes from Darren Heathcote:
There's some profit-taking now, but look at where we are. It's broken 520, the target we had yesterday ... looks like 525 is the next target.Darren Heathcote
People will be eyeing 450 as the target. It may not be today. It will be very quiet in the States.
Darren Heathcote
It's dizzy high, and we're looking at a very overbought market. We're looking for a correction. It has to come at some point. However, given where oil is, it may well give some support on the downside.
Darren Heathcote
There was a significant drive in Japan in recent weeks. People are very happy to be jumping on the bandwagon and basically riding the thing up.
Darren Heathcote
We're still in a bit of consolidation...I think everything is still pretty good, still positive for gold. It doesn't really have any momentum to push it down.
Darren Heathcote
Certainly, it looks like we are targeting 600 in the near term. It may happen in London overnight.
Darren Heathcote
Readers Who Like This Quotation Also Like:
Based on Topics: Gold Quotes, Investment Quotes, People QuotesThe Blackberry is really essential for keeping up on my emails when I'm out of the office, which is a lot.
David Neeleman
I think knowing people by first names, not by what they do sexually, is really what it's about. Not being afraid. Fear is the enemy. I've always been comfortable with being gay.
Herb Ritts
Discount air fares, a car in every parking space and the interstate highway system have made every place accessible - and every place alike.
Ronald Steel