Gold looks set to remain in its current uptrend for the moment, with fresh investment interest keen to drive the market higher.
More Quotes from James Moore:
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.James Moore
It might even be a calm before the storm. I think we are going to see some further tests higher this week.
James Moore
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.
James Moore
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.
James Moore
Burkett is quoted in an upcoming book, Bush's War for Re-election, ... reputation is impeccable.
James Moore
Hopefully this will take care of all the issues.
James Moore
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