James Steel

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Last quote by James Steel

We have several days of steady ETF purchases. There was weakness in ETFs at the end of last year, and there was only slight gains in January. … ETFs reflect a broad spectrum of buyers so the market takes it quite positively when the they start to accumulate. I think the gold move took its cue from the slight dip in yields and the geopolitical risk that continues to feed into the market. This could all change rapidly…the market's been up fro along time without any profit taking.
Feb 09 2017
James Steel has been quoted 13 times. The one recent article where James Steel has been quoted is Gold pushes to $1200 - and a much scarier world could keep it there. Most recently, James Steel was quoted as having said, “The whole protectionism issue is quite bullish for gold. The whole trade system is based on reciprocity. One side does something. The other side does the other ... the questioning of decades old military and political alliances raises risk.”.
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James Steel quotes

The initial equity rally generated enough demand for riskier assets that it choked off the oxygen that gold needs to keep going higher.

Gold is clearly re-establishing its role as a safe-haven. For as long as global stock markets – in particular China's – appear wobbly, gold is likely to attract a good bid.

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