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.
More Quotes from Darren Heathcote:
The funds are still happy to play around at these levels. They expect us to look to test the upside a little bit but I don't necessarily at this stage think we are going to do 500.Darren Heathcote
I do wonder about the validity of silver as an alternative investment vehicle.
Darren Heathcote
There's a severe lack of interest in Asia. There was some physical buying on the dips down. That's started to dissipate.
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
Certainly, it looks like we are targeting 600 in the near term. It may happen in London overnight.
Darren Heathcote
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