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.
More Quotes from 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
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
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
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 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
All indications are that the geopolitical tensions will continue to support gold at this juncture, with the breakdown in the U.S. dollar adding even more ammo to the run.
Peter Spina
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