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Alan Williamson Quotes

«Precious metal prices remain firm, underpinned by ongoing tensions in the Middle East and continued speculative enthusiasm for commodities.»
«If the market can absorb such a weight of selling, then just imagine what will happen if the funds begin to reinstate long positions.»
«Geopolitical tensions have helped to support the price, but otherwise the market is lacking any external impetus.»
«Once again the gold market has surprised by its resilience. Sentiment towards gold was helped by an early recovery in the base metals markets.»
«What seems more likely is that the markets, having enjoyed an almost uninterrupted rally since last summer, have been looking for an excuse to take a breather and consolidate the gains.»
«There is very little happening and we're seeing thin volumes today. The market lacks direction; it may continue trading sideways.»
«It's quite encouraging to see that platinum is holding up above the $1,000/oz level. Where to from here? We expect it to track gold.»
«Given the increased correlation between base and precious metals over recent months, any further weakening in base metal prices would be a distinct drag on gold.»
«Although CFTC Commitments of Traders data showed a small fall in the total speculative long position, most holders seem to have been willing to stay with the market for the time being.»
«Gold is pausing for breath now. Unless it comes back down and breaches the $562 level, then I think the uptrend is still intact.»

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