The real action remains in silver, taking away from gold's luster.
More Quotes from 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
The market still shows interest in marching for the 600 level in the short run. But a break of the 540 area support will negate this and instead, we will have to see some more base building before the next run-up.
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
News that the German government has deserted plans to invest proceeds from gold sales into a special fund assigned for research and education has given a boost to a weak gold market.
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
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
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Based on Topics: Silver QuotesBased on Keywords: golds, luster
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