Iran continues to provoke conflict and the gold price is reflecting that sense of uneasiness. Iran knows they have leverage here, especially with oil above 70 and the U.S. dollar becoming ever so vulnerable.
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
Uncertainty on future FOMC interest-rate hikes, with a strong bias of at least another quarter-point increase at the next meeting, gave the U.S. dollar a lift after the FOMC decision Tuesday afternoon.
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
Gold, silver and platinum started the week off on positive footing with continued excitement in the silver markets regarding the proposed silver ETF in the United States.
Peter Spina
Silver stocks are powering ahead ... taking the HUI above the 315-316 resistance to all-time record highs.
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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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