More - James Moore Quotes

The scale of U.S. deficits, growing impact of oil-driven inflation and rising investor interest within gold and the precious complex seem set to take us to $600 and beyond within the foreseeable future.

James Moore

 Gold

We have seen good demand from investors on TOCOM (the Tokyo market) overnight and strong demand from funds in the U.S. I think we are going to look now to move up to $1,040 an ounce.

James Moore

 

Platinum looks set to test $1100/oz while a break above $298/oz would leave the way clear for palladium to test of $330/oz.

James Moore

 

Gold has failed to match the lofty highs of $451.50 seen during Asian [overnight] trade, drifting back under the $450 level in European trade as players monitored the movements in the currencies.

James Moore

 Gold

Buying overnight has lifted platinum back to $1 080/oz and the bullish mood in the metal looks set to test $1 100/oz in the coming sessions.

James Moore

 

Overall the prospect of a move higher looks increasingly likely, with prices set to clear the high of last year and push on towards $500 before the year is out,

James Moore

 

Further resistance around $1 020/oz is expected in the coming sessions although a break higher would leave little in the way of chart resistance until $1 040/oz.

James Moore

 

It's a very, very critical issue. With no more room - the only alternative is to go to parking structures.

James Moore

 

We still have more room on the upside, looking for plus 11 dollars this week.

James Moore

 

The market may need to consolidate back towards $525 before pushing through $550 and setting a new high for the year.

James Moore