Gold is testing the waters around 600.
More Quotes from Peter Spina:
The typical investor has yet to discover the attractiveness of this asset -- the gold price is just starting to reflect this move as investment dollars flow in.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
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.
Peter Spina
The move on the HUI today above 350 is significant as it portends the move in gold to and past 600.
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
The price of silver may move higher in anticipation of the launch, but once it hits the markets, initially the price may retreat after strong gains.
Peter Spina
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