John Reade Quotes

We suspect that technical buying of gold and silver on COMEX (New York) will be triggered by a positive announcement of the silver ETF. - John Reade

We recognize that prices are above what is justifiable on the basis of supply and demand fundamentals. - John Reade

We need to find the level at which underlying physical demand will support gold. Until then, I wouldn't be comfortable with gold up here, because it's all investment and speculative money at the moment. - John Reade

We had a very good run. You have a pullback and correction at some stage and we are in a process to do that at the moment. - John Reade

We had a period of needed consolidation in gold ... with rallying base metals, strong silver prices and improving momentum, we can probably go higher. - John Reade

We expect that funds held 17-18 million ounces of gross long positions as of Tuesday. If the net long position is more than this then we will become even more bearish; only a release that shows that the net long positions declined from the 15 million ounces reported last week would make us positive about the short-term outlook for gold. - John Reade

We do not believe that this correction is over and suspect that gold will now consolidate between recent extremes of $545 and $568, with a break of $575 needed to bring back bullish sentiment. - John Reade

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. - John Reade

We believe that new-year allocations towards commodities will keep platinum and palladium firm in the near term and see platinum at $1,100/oz and palladium at $300/oz over one month, although we suspect that profit taking will set in at some stage and see both metals lower to $1,050/oz and $270/oz in three months. - John Reade

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. - John Reade

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