“The market's going to go lower. Ultimately it will stabilize and then we can begin to see some sort of firming. But at this stage the outlook is extremely bleak because when Australia, a country that is a major producer, comes into the market and sells, that raises some unease.”
“The total sold is not serious. It can be absorbed, but the perception that other banks may sell and the fact central banks have diminished their commitments to gold is the bearish factor and it is a serious bearish factor.”
