If the U.S. dollar happens to weaken then that would be good for gold probably, (although) gold has been dancing to its own tune recently so it doesn't necessarily follow.
More Quotes from Paul Merrick:
Its current stratospheric performance is a combination of three factors -- strong fundamentals, a rampant commodities sector, with most base and all precious metals at multi-year or all-time highs, and massive investor interest led by the Japanese.Paul Merrick
With the yen having weakened by 10 percent since September, gold offers them both a currency hedge and a diversification away from equities and bonds.
Paul Merrick
I suspect that there is a significant buyer out there, probably a central bank.
Paul Merrick
The recent frothy price action could not be sustained and once the market has completed its current shakeout, we can expect a return to more measured progress in 2006.
Paul Merrick
Momentum traders will not want to sell -- if this month's trajectory continues, then gold will be at 568 by year-end and 649 by the end of February.
Paul Merrick
Readers Who Like This Quotation Also Like:
We are just an advanced breed of monkeys on a minor planet of a very average star. But we can understand the Universe. That makes us something very special.Stephen Hawking
Surely the whole point of writing your own life story is to be as honest as you possibly can, revealing everything about yourself that is most private and probably most interesting for that very reason.
Judith Krantz
What I would like to be remembered for is that Walter Washington changed the spirit of the people of this city, that he came in as mayor when there was hate and greed and misunderstanding among our people and the races were polarized.
Walter Washington