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More - Peter Spina Quotes

The move on the HUI today above 350 is significant as it portends the move in gold to and past $600. - Peter Spina Quotes

The move on the HUI today above 350 is significant as it portends the move in gold to and past $600.

Gold

HUI is indicating a further move higher now looking to target the 330-340 level. - Peter Spina Quotes

HUI is indicating a further move higher now looking to target the 330-340 level.

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. - Peter Spina Quotes

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.

Mining equities continued to march higher but overhead resistance is seen in many equities. - Peter Spina Quotes

Mining equities continued to march higher but overhead resistance is seen in many equities.

The buying over the last two days [in gold] has been in Asia, with the Europeans and Americans acting a bit nervous. - Peter Spina Quotes

The buying over the last two days [in gold] has been in Asia, with the Europeans and Americans acting a bit nervous.

Acting And Actors

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. - Peter Spina Quotes

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.

Pullbacks are expected to bring in willing buyers. - Peter Spina Quotes

Pullbacks are expected to bring in willing buyers.

Iran continues to provoke conflict and the gold price is reflecting that sense of uneasiness. Iran knows they have leverage here, especially with oil above $70 and the U.S. dollar becoming ever so vulnerable. - Peter Spina Quotes

Iran continues to provoke conflict and the gold price is reflecting that sense of uneasiness. Iran knows they have leverage here, especially with oil above $70 and the U.S. dollar becoming ever so vulnerable.

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 [Tuesday] afternoon. - Peter Spina Quotes

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 [Tuesday] afternoon.

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 this afternoon. - Peter Spina Quotes

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 this afternoon.

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