Stephen Briggs Gold Quotations

So it doesn't matter really whether it is or it isn't, the gold market has decided it is an issue.

Gold seems to be struggling to get back above $555 -- the halfway point between the high and the low.

Gold is fashionable today. Most people are buying because the price has gone up, not because they think the price will go up.

We are now in a situation really where investor interest is so much that gold can benefit if the dollar declines, but it doesn't suffer particularly if the dollar strengthens.

You are not getting much direction from oil because it is ... not showing much of a trend. People are a bit uncertain and the base metals are probably not helping ... Gold seems to be struggling to get back above $555 - the halfway point between the high and the low.

The investors have plenty more ammunition to throw at it. The underlying interest in metals generally, and gold in particular, is still so great that you have to suspect that you are going to challenge the highs again which is $10 away.

Clearly the dollar weakness is a big factor, not just for gold but for the other metals as well.

I don't see any reason why this interest in gold will go away.

The underlying attitude towards metals in general and gold in particular is still positive. The bias still has to be to the upside, but people are reminded that this isn't a one-way street.