Peter Spina
Peter Spina
action remains taking
The real action remains in silver, taking away from gold's luster.
bias dollar future gave increase lift next strong
Uncertainty on future FOMC interest-rate hikes, with a strong bias of at least another quarter-point increase at the next meeting, gave the U.S. dollar a lift after the FOMC decision.
bull healthy likelihood market pain undergoing
We are undergoing a healthy bull market consolidation, with the likelihood there may be more pain to the downside.
case gold higher major market move past precious several tend vicious
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.
allow correction higher metals otherwise ready remain run
Equities remain ready to run even higher if the metals allow them to. Otherwise a correction is due.
bring expected willing
Pullbacks are expected to bring in willing buyers.
attract caused demand difficult due good investment lack products silver
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.
further higher looking move target
HUI is indicating a further move higher now looking to target the 330-340 level.
asset discover dollars flow gold investment investor move price reflect starting typical
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.
attention capital entering flow gains greater juniors past renewed resulted sector several strong weeks
This has resulted into greater attention to the juniors and exploration equities, with a renewed flow of speculative capital entering this sector over the past several weeks where some strong gains have been seen.
adding breakdown continue dollar gold support
All indications are that the geopolitical tensions will continue to support gold at this juncture, with the breakdown in the U.S. dollar adding even more ammo to the run.
draw expected investment large launch money prices silver
The launch of the silver ETF is expected to draw large investment money into the silver markets, which would most indisputably take silver prices much higher.