Peter Spina Quotes

"The real action remains in silver, taking away from gold's luster."

"The typical investor has yet to discover the attractiveness of this asset -- the gold price is just starting to reflect this move as investment dollars flow in."

"Gold Fields had a stellar second-quarter earnings release Thursday, with a combination of a strong Rand gold price, slightly lower production costs and an increase in production to 1.04 million ounces (from 993,000)."

"Gold moved closer to the $600 level."

"We are undergoing a healthy bull market consolidation, with the likelihood there may be more pain to the downside."

"Uncertainty on future FOMC interest-rate hikes, with a strong bias of at least another quarter-point increase at the next meeting, gave the U.S. dollar a lift after the FOMC decision [Tuesday] afternoon."

"Uncertainty on future FOMC interest rate hikes, with a strong bias of at least another quarter-point increase at the next meeting, gave the U.S. dollar a lift after the FOMC decision this afternoon."