Obviously, the funds will be looking to speculate and make some money out of this. But I am still of the opinion that the spike might be somewhat short-lived.
There's definitely more buying in gold, obviously on inflationary fears. The funds have continued to buy.
Investment funds are pushing gold. The drive for it is still fundamentally sound.
The funds are still happy to play around at these levels. They expect us to look to test the upside a little bit but I don't necessarily at this stage think we are going to do $500.