Gold appears to be reflecting the lack of fresh bad news ... rather than true profit-taking.
More Quotes from Jon Nadler:
There is that tug-of-war between would-be buyers and the traders who really are squaring the trading logs before we head into the weekend.Jon Nadler
Gold would like to go somewhat lower to follow long-established seasonal patterns as well as to complete the corrective phase it was in, after a swift race to nearly 600 per ounce.
Jon Nadler
None of this probing to the downside will negate the fundamental nervousness the market continues to experience, and the hair-trigger volatility will continue to be an integral feature of the metals complex as news keeps coming at it.
Jon Nadler
A number of respectable institutions raised their current year and 2007 forecasts for gold and more of them are no longer afraid of mentioning the word 'record' when it comes to future gold prices.
Jon Nadler
The trigger fingers hovering over all of the instability-sensitive commodity 'buy' buttons (gold, oil, etc.) are as jittery as ever.
Jon Nadler
Gold burst decisively through the 560 mark...even as many participants are out for the U.S. holiday.
Jon Nadler
Readers Who Like This Quotation Also Like:
Based on Topics: Gold QuotesMarriage is good enough for the lower classes: they have facilities for desertion that are denied to us.
George Bernard Shaw
The wrong way always seems the more reasonable.
George A. Moore
The public pays and feels it is entitled to participate in the personal affairs of a performer.
Hedy Lamarr