Michael Widmer Quotations

I would be surprised to see a massive increase in prices, but a slow creep up towards just below $570 would be on the cards this week.

China's tighter monetary policy will hit demand and that will take out pressure on consumption side.

What you're seeing at the moment is a correction. It's the end of the week and people are taking some profit.

We may need another $200 million the year following and $200 million after that. Clearly, we have to phase in health care reform.

Gold could move up from the $562 where we stand at the moment. I would be surprised to see a massive increase in prices, but a slow creep up towards just below $570 would be on the cards this week.

Gold could move up from...where we stand at the moment. I would be surprised to see a massive increase in prices, but a slow creep up towards just below $570 would be on the cards this week.

Over the last two days, it's been geopolitical happenings that have supported gold prices. Iran and Palestine are focal points.

The outlook for the exchange rate will not improve significantly going forward. If the Iran situation doesn't improve, then you should have further upward pressure on gold prices.

We were adamantly opposed to a payroll tax or an employee tax, but this is very different because it is tied to the actual cost of the pool.

Downward pressure on the US dollar is the main reason behind gold's rally. If you have worries about the imbalance, you would want to hold gold.

To say they have a full plate is a major understatement.

This is an important week for the dollar, and consequently for gold. The market is looking for direction; it's been quite volatile lately.

It's not always a one way street. After prices went up strongly, they consolidated a little bit on Friday.

The broader picture here is that this will strengthen the health care system in Massachusetts in a number of ways. You will have a much more rational structure for financing the system.

The dollar adds to the general environment we've seen in the past few weeks, which is a short-term correction.

It's the old story again; gold is being bought as a safe haven asset.

There's a lot of fund buying going on and new money flowing in to the sector.

It's good news but it's not really news.