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.
More Quotes from James Moore:
Short-term direction is still heavily dependent on the currencies, however, with the market set to trade sideways around 405-30 for a while as traders continue to weigh up the latest economic news from the U.S., Europe and Japan,James Moore
Hopefully this will take care of all the issues.
James Moore
For now gold should find support back to 548oz to 552oz with technical support at 545oz keeping the yellow metal within its current uptrend, while scaled up resistance should continue to be found ahead of 575oz.
James Moore
Gold is looking set for more sideways trade.
James Moore
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.
James Moore
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.
James Moore
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