MARKET TALK:

Precious metals remain vulnerable to further long
liquidation as the year-end approaches, particularly given cash liquidity
concerns are high on the agenda, says FastMarkets.com analyst James Moore.
Silver could be subject to greater pressure given its ratio versus gold has
broken above trendline resistance, he says. "But it is worth remembering that,
despite the recent correction, gold is still on course to post its eleventh
consecutive year-on-year gain, and that given the ongoing debt problems facing
many economies, record low interest rates and the highs in gold this year,
those with a longer-term outlook could view current levels as a buying
opportunity," Moore adds.