John Read Market Quotations

We believe the strength of the physical market is vitally important for 2006; even though gold is rising on speculative and investment buying, at some point there will be a reversal of this trend and gold will correct.

Gold is trying to establish itself in a range at the moment. The market is looking for fresh direction.

We believe that investors are likely to interpret this ... as being positive for the gold market as it will raise speculation that China will increase its gold holdings.

It seems extremely unlikely that gold doesn't trade $600 an ounce in the spot market at some time either today or this week.