Gold, silver hit highs in Europe on weaker dollar

BY

Gold climbed to its highest level in nearly three weeks on Monday and silver hit a five-week peak, helped by a drop in the dollar against
the euro and firmer oil.

But the metals were expected to hover in their familiar trading range in the near term in absence of clearer market triggers, analysts
said.

"The market is very well supported here and we are trading in a higher band," said Frederic Panizzutti, precious metals analyst at MKS Finance.

"The dollar is surely one factor, but mainly the support is a self-motivating trend as we started to move away from $650. The market was waiting for a bounce back when the buying started in mid-$650s, and some considered that this might be the right entry level."

The dollar declined broadly as the U.S. currency failed to extend gains after last week's robust jobs data, while demand for currencies
linked to rising interest rates strengthened.

Touch

thanks!

BY

原帖由 Touch 於 2007-6-5 12:16 AM 發表
thanks!

It seems no chance to buy at around 665/666 again,at least this week.

Touch

原帖由 BY 於 2007-6-5 12:20 AM 發表


It seems no chance to buy at around 665/666 again,at least this week.

what about to further buy around 670?

BY

原帖由 Touch 於 2007-6-5 01:56 AM 發表


what about to further buy around 670?

670？ - I doubt if I would buy at this high level.  Big chance 被套 (如不止損的話)。也不合乎 Risk
Management 的原則, 不如等 690 去沽 (If seem)。

JKL

thanks