14 Total Quotes

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 Permalink
#Gold

The buying over the last two days [in gold] has been in Asia, with the Europeans and Americans acting a bit nervous.
Peter Spina Permalink
#Acting And Actors

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 Permalink
#Conflict

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 Permalink
#Future

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 Permalink
#Future

Gold Fields had a stellar second-quarter earnings release Thursday, with a combination of a strong Rand gold price, slightly lower production costs and an increase in production to 1.04 million ounces (from 993,000).
Peter Spina Permalink
#Gold

The real action remains in silver, taking away from gold's luster.
Peter Spina Permalink
#Action

Gold moved closer to the $600 level.
Peter Spina Permalink
#Gold

The market still shows interest in marching for the $600 level in the short run. But a break of the $540 area support will negate this and instead, we will have to [see] some more base building before the next run-up.
Peter Spina Permalink
#Interest

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.
Peter Spina Permalink
#Gold

As Iran returns as a focal point for investors, aided by talk of Chinese increase in gold holdings, [that] should keep a flame under gold this week.
Peter Spina Permalink
#Gold

The price [of silver] may move higher in anticipation of the launch, but once it hits the markets, initially the price may retreat after strong gains.
Peter Spina Permalink
#Anticipation

Equities remain ready to run even higher if the metals allow them to. Otherwise a correction is due.
Peter Spina Permalink
#Correction

We are undergoing a healthy bull market consolidation, with the likelihood there may be more pain to the downside.
Peter Spina Permalink
#Pain