As Iran returns as a focal point for investors, aided by talk of Chinese increase in gold holdings, that should keep a flame under gold this week.
More Quotes from Peter Spina:
The launch of the silver ETF is expected to draw large investment money into the silver markets, which would most indisputably take silver prices much higher.Peter Spina
This has resulted into greater attention to the juniors and exploration equities, with a renewed flow of speculative capital entering this sector over the past several weeks where some strong gains have been seen.
Peter Spina
Silver is taking center stage ... with the news of Barclays' silver ETF a step closer to possible approval. We have some gold investors moving into the silver market.
Peter Spina
It is just a matter of time before we have another leg down in the U.S. dollar and this will just add to the luster of gold and silver.
Peter Spina
It's difficult to see how much investment demand will be caused by this yet, but due to the lack of silver investment products ... this should attract some good interest.
Peter Spina
Gold continues to perform very well, despite calls from industry analysts that a correction is due at these levels. In fact, gold does not appear to want to correct just yet and is looking to run to 600.
Peter Spina
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