Gold is really looking good now and seems to have a clear upside objective. You've got three of the strongest fundamental drivers of gold that are currently converging so it is very difficult to make a bearish case for it at the moment.
More Quotes from Mark Keenan:
I would expect more buying certainly from the trend-following fund community, a new high will attract a degree of momentum buying.Mark Keenan
It's a function of the lack of investment in infrastructure.
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Something is going to have to give.
Mark Keenan
Certainly this is saying that Shell is going to miss some deliveries after the explosion. It's a question of how long the delays will last, but 180,000 barrels per day is not that big.
Mark Keenan
There is very little demand for heating oil at the moment as a function of the weather.
Mark Keenan
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Based on Topics: Gold QuotesBased on Keywords: bearish, converging
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