Darren Heathcote Quotations

Obviously, the funds will be looking to speculate and make some money out of this. But I am still of the opinion that the spike might be somewhat short-lived.

People will be eyeing $450 as the target. It may not be today. It will be very quiet in the States.

If we sustain this break for the duration of the day, then I think we will be looking to test $495 again.

Certainly, it looks like we are targeting $600 in the near term. It may happen in London overnight.

If the statement that follows suggests they may look to halt their policy of raising in moderation, to the extent that they're not going to raise rates again at the next meeting, then the dollar could suffer on the back of that and that would give a boost to gold.

I think the scope is great to move down to the lows of the $525 area before building again for another move up.

It doesn't look like we've got any particular drivers to push it either down or much higher.

We are now looking to target about $534,50, with $539 probably the resistance. But I still think we need to see a break below $525 to see an immediate reversal in the trend.

The fact that it hasn't broken through, sustained a break through $535 is probably helping people to find a bit more confidence to buy it back again.

We've seen gold break the correlation with the dollar in recent times. We saw gold strengthening even though the U.S. dollar was strengthening.

We're still in a bit of consolidation...I think everything is still pretty good, still positive for gold. It doesn't really have any momentum to push it down.

At the moment, I think we're lacking a little bit of direction.

At the moment the mood is still jubilant.

We are still in an upward trend. The fundamentals are still in place but I think we are having a bit of a shake-out.

There's some profit-taking now, but look at where we are. It's broken $520, the target we had yesterday ... looks like $525 is the next target.

It's really struggling to find momentum to go back up again.

It's dizzy high, and we're looking at a very overbought market. We're looking for a correction. It has to come at some point. However, given where oil is, it may well give some support on the downside.

Investment funds are pushing gold. The drive for it is still fundamentally sound.

I just think silver is getting a little more speculation than it normally would.

Geopolitical tensions continue to keep people invested in gold. People are content to be long in precious metals than the dollar, or other investments.

There was a significant drive in Japan in recent weeks. People are very happy to be jumping on the bandwagon and basically riding the thing up.

The funds are still happy to play around at these levels. They expect us to look to test the upside a little bit but I don't necessarily at this stage think we are going to do $500.

There's definitely more buying in gold, obviously on inflationary fears. The funds have continued to buy.

There's a severe lack of interest in Asia. There was some physical buying on the dips down. That's started to dissipate.

I do wonder about the validity of silver as an alternative investment vehicle.