Peter Spina Quotes on Gold (13 Quotes)

The buying over the last two days in gold has been in Asia, with the Europeans and Americans acting a bit nervous.

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.

Iran continues to provoke conflict and the gold price is reflecting that sense of uneasiness. Iran knows they have leverage here, especially with oil above 70 and the U.S. dollar becoming ever so vulnerable.

The move on the HUI today above 350 is significant as it portends the move in gold to and past 600.

Gold, silver and platinum started the week off on positive footing with continued excitement in the silver markets regarding the proposed silver ETF in the United States.

Gold continues to perform very well, despite calls from industry analysts that a correction is due at these levels. In fact, gold does not appear to want to correct just yet and is looking to run to 600.

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.

Gold is testing the waters around 600.

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.

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).

As Iran returns as a focal point for investors, aided by talk of Chinese increase in gold holdings, that should keep a flame under gold this week.

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.

Gold moved closer to the 600 level.