Ross Norman Market Quotations

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.

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'.