Jon Nadler
Jon Nadler
dent dollar early fell gold increases oil prices recovering slightly
Increases in oil inventories and a firmer dollar put a dent into gold prices early Tuesday. Gold fell about 1% before recovering slightly and stabilizing.
attributes gold last news nigerian oil sabotage since weaker
Buoyed by the Nigerian oil sabotage news and a weaker U.S. dollar, gold has reasserted its safe-haven attributes since last Friday.
buttons commodity fingers gold hovering trigger
The trigger fingers hovering over all of the instability-sensitive commodity 'buy' buttons (gold, oil, etc.) are as jittery as ever.
breach critical faces flirting gold levels possible price support
The gold price is now flirting with critical support levels ($532-$535), and it faces a possible short- to medium-term trough -- one that could even breach the $500 level.
complete follow gold lower nearly patterns per phase race somewhat swift
Gold would like to go somewhat lower to follow long-established seasonal patterns as well as to complete the corrective phase it was in, after a swift race to nearly $600 per ounce.
found global gold huge pool rush
The huge pool of global liquidity out there has not found a better place to rush into, and is enchanted with gold and its prospects.
burst gold
Gold burst decisively through the $560 mark...even as many participants are out for the U.S. holiday.
benefit continues global gold growth pattern robust silver types
Gold as well as silver continues to benefit from a robust global growth pattern and consumption of all types of commodities.
asset barometer current events future gold human mirror
Gold is as much a mirror of current human events as it is a barometer of future asset values.
expect higher trading volatility
Expect volatility to go higher and trading ranges to expand.
either gold hikes increases market meaningful move rate sequence sharp
It will take either a sharp sequence of rate increases ... or a significant reversal of rate hikes ... to move the gold market in a meaningful way at this point.
almost correction definitely dip last repeating
We were definitely overdue for a correction and we are almost repeating last week's dip pattern.
bailing evidence footprints funds gold impact millions opposite overnight saw tiny yesterday
We saw little evidence yesterday that the Godzilla-size footprints of funds bailing out of gold was present. We did see evidence overnight that millions of tiny (individual-investor) footprints make for an equal-size impact on gold -- in the opposite direction.
ahead decision district pushing share
Unfortunately, the district doesn't share that interpretation. They're pushing ahead with a decision right now.