Jon Nadler
Jon Nadler
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.
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.
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.
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.
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.
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.
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.
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.
famous markets metals necessary performance precious repeat
The precious metals markets have all the ingredients necessary to repeat the performance they were once famous for.