It (the price movement) illustrates that a large number of investors simply see it as a buying opportunity.
More Quotes from Stephen Briggs:
Gold is fashionable today. Most people are buying because the price has gone up, not because they think the price will go up.Stephen Briggs
I don't see any reason why this interest in gold will go away.
Stephen Briggs
Clearly the dollar weakness is a big factor, not just for gold but for the other metals as well.
Stephen Briggs
My gut feeling is that it is not the end of the story for gold. Iran hasn't gone away, there is probable dollar weakness.
Stephen Briggs
The underlying attitude towards metals in general and gold in particular is still positive. The bias still has to be to the upside, but people are reminded that this isn't a one-way street.
Stephen Briggs
However, in the current heady environment of massive investor interest in metals, we have little confidence that this will happen soon.
Stephen Briggs
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