The buying over the last two days in gold has been in Asia, with the Europeans and Americans acting a bit nervous.
More Quotes from 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
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
Gold Fields had a stellar second-quarter earnings release Thursday, with a combination of a strong Rand gold price, slightly lower production costs and an increase in production to 1.04 million ounces (from 993,000).
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
As is so often the case in the precious metals, corrections tend to be vicious and quick. With the major move higher over the past several sessions, the gold market is working off some of the excesses.
Peter Spina
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