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Letter "G" » George Gero Quotes
«Silver had been less lively than gold (before Wednesday), and now it's doing a pretty good job of a catch-up.»
Author: George Gero
«Silver has new sponsorship. We are starting to see new funds coming into silver. Part of it has to do with the fact that a lot of traders who follow gold and silver think the silver/gold ratio was out of kilter.»
Author: George Gero
«The large funds are long metals of every class and there's been general selling today, which touched off stop-loss orders below the market.»
Author: George Gero
«The market keeps bouncing back and, once we climbed back above $550, more investors came back in.»
Author: George Gero
«We have a good rally going on because of what's going on in Saudi Arabia. It is Friday and nobody wants to be short the gold over the weekend, so up go all the metals.»
Author: George Gero
«Some of the houses look OK from the outside, but then you see the trailer next to it and you know [the family isn't] living in it.»
Author: George Gero
«It seems that general commodity highs are adding purchasing power to momentum players' funds, so they are increasing positions in the metals.»
Author: George Gero
«It was triggered by the dollar, the yen, and of course the idea of $70 crude. (Higher) oil didn't help the stock market, so investors were looking for another place to put their money and they seem to be looking at the metals.»
Author: George Gero
«There are many upward pressures on gold that continue to take it higher, like the deficit, the weakness of the dollar and additional Iran threats. The path of least resistance is up.»
Author: George Gero
«We continue to climb in spite of the stock-market rise, all helped by the possibility that the Fed may no longer be continuing its raise (in interest rates). We are waiting to see if in fact that will happen.»
Author: George Gero
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