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Peter Spina Quotes
«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.»
Author: Peter Spina
«The real action remains in silver, taking away from gold's luster.»
Author: 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.»
Author: Peter Spina
«Gold moved closer to the $600 level.»
Author: Peter Spina
«For the short-term, we expect silver to add onto gains in the coming sessions and possibly spike much higher before we find the next large liquidation and correction.»
Author: 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.»
Author: Peter Spina
«The buying over the last two days [in gold] has been in Asia, with the Europeans and Americans acting a bit nervous.»
Author: 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.»
Author: Peter Spina
«The move on the HUI today above 350 is significant as it portends the move in gold to and past $600.»
Author: Peter Spina
«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.»
Author: Peter Spina