Jon Nadler
Jon Nadler
almost correction definitely dip last repeating
We were definitely overdue for a correction and we are almost repeating last week's dip pattern.
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.
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.
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.
assertion critical difference fed funds gold percent quarter rate stand
We stand by the assertion that a quarter percent better fed funds rate will NOT make the critical difference to medium-term and/or long-term gold investors.