Silver is benefiting from pre-positioning ahead of the expected launch of an exchange-traded fund in silver.
More Quotes from John Reade:
We believe the strength of the physical market is vitally important for 2006 even though gold is rising on speculative and investment buying, at some point there will be a reversal of this trend and gold will correct.John Reade
We suspect that technical buying of gold and silver on COMEX (New York) will be triggered by a positive announcement of the silver ETF.
John Reade
We need to find the level at which underlying physical demand will support gold. Until then, I wouldn't be comfortable with gold up here, because it's all investment and speculative money at the moment.
John Reade
People have realized that the dollar is important for gold but it's not the only factor and you cannot slavishly trade gold just simply because of what's happening to the dollar.
John Reade
The level at which physical demand emerges to support the metal will then form a base for gold to make fresh gains.
John Reade
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Based on Topics: Silver QuotesBased on Keywords: benefiting, exchange-traded, pre-positioning
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