We believe that gold is attempting to find a range with the recent extremes of 535 and 555 likely to confine the metal for a while.
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
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 release of the COTR report tonight is likely to be the final piece of information we need to decide to sell gold,
John Reade
Both platinum and rhodium remain at or near the highs for this rally and are benefiting from broader metals interest and, in the case of rhodium, apparent genuine shortages.
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
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