We believe that investors are likely to interpret this ... as being positive for the gold market as it will raise speculation that China will increase its gold holdings.
More Quotes from John Reade:
Gold has started 2006 in a positive manner and we suspect that this strength will continue in the near term.John Reade
In an environment where mine supply is broadly static, central bank sales effectively constrained and scrap supply declining, strong physical demand is genuinely important.
John Reade
Gold looks set to be supported and set to move higher as we approach the anniversary of the 911 attack on the U. S. and the expectations of an attack on Iraq intensify.
John Reade
After the rapid rally in gold over the past few months a correction is almost inevitable at some point and this could be it.
John Reade
Gold is in search of a fresh catalyst to return it to recent highs.
John Reade
The outlook for most of the major gold mining companies is for static to lower production for 2006. With the new project pipeline in gold relatively empty and few major discoveries of gold made in the past decade, we do not expect this picture to change.
John Reade
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