Gold has lagged behind what many analysts had expected or hoped given the prevailing dollar weakness, ... Gold has seen some liquidation, from one fund in particular, and I suspect that is still weighing on the market.
More Quotes from Ross Norman:
We see no reason why gold should not repeat the performance of recent years and achieve a rise ... of 20 in 2006. That would see prices between 580 and 600 an ounce in 12 month's time.Ross Norman
It's relatively quiet today. Fridays are invariably busy as many players generally get nervous ahead of the weekend,
Ross Norman
The dollar is only down a tad, so it is looking like a pure gold move,
Ross Norman
Its time to hang onto your hats because its going to get bumpy from here on.
Ross Norman
Were it not for that we might have expected gold to be 10 or even 15 higher than it currently is.
Ross Norman
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