Ross Norman Quotations

Were it not for that we might have expected gold to be $10 or even $15 higher than it currently is.

There is a feeling in the market that the gold price will test the seventeen-and-a-half year high of $475.90 this afternoon and if successful then we'd probably aim for or hit the $480 level sometime next week. If the market fails to breach $475.90 today then I'd say we'll keep trying next week.

Gold has lagged behind what many analysts had expected or hoped given the prevailing dollar weakness, ... Gold has seen some liquidation, from one fund in particular, and I suspect that is still weighing on the market.

We had a big shakeout in recent days. There was something of a bear trap at the end of August when gold dipped briefly below $430/oz before finding support from physical buying.

Oil has come off over the last few days and I suspect the current slight weakness in gold is a small reflection on that.

Its time to hang onto your hats because its going to get bumpy from here on.

It's relatively quiet today. Fridays are invariably busy as many players generally get nervous ahead of the weekend,

The market appears to have migrated from something that one could readily measure and weigh according to a fairly reliable set of fundamentals into one where the tide shifts less to natural market forces and more to what is described as the 'madness of the crowds'.

The dollar is only down a tad, so it is looking like a pure gold move.