Jonathan Barratt Quotations

We may see another bout of gold buying next week on inflation concerns.

We should be going into a consolidation period and prices should be going lower from here.

I see the Australian dollar as a strong currency trading very cheaply. Australia is a commodity-based economy, so with stronger commodity prices the currency should do better.

That's giving gold a little impetus today. Producers are still absorbing the higher costs, but once that gets passed down, that's going to drive inflation.

Interest rates are up and that increases the cost to hold gold.

The currency is doing better. People always expect the worst when these crises start. But as time goes by, people get more confident the situation isn't that bad.