Jon Nadler
Jon Nadler
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.
ahead decision district pushing share
Unfortunately, the district doesn't share that interpretation. They're pushing ahead with a decision right now.
apparent diversion dollar gold last pattern profits repeat run sinking traders visible watching
Traders were watching a sinking dollar and the apparent diversion of petro-dollar profits into bullion (a repeat of the pattern that was last visible in the gold run of 1980).
afraid current forecasts future gold longer number raised word year
A number of respectable institutions raised their current year and 2007 forecasts for gold and more of them are no longer afraid of mentioning the word 'record' when it comes to future gold prices.
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.
acting collective continue global gold news ominous stories
In a world where news stories continue to make ominous ripples, gold is acting like the thermometer of collective global anxiety.
impact
That's a pretty big impact on the drivers.
economic gold nature seat taking trading
In the gold trading pits, economic uncertainties are taking a back seat to uncertainties of a different nature these days.
arena desirable dollars investors metals precious retail returned
Diversifying away from dollars has become desirable -- retail investors returned to the precious metals arena in droves this week.
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.
buy rumor sell
They did buy the rumor and sell (or not buy further) on the fact.
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.
convince dollar few funds gold hit next park safer took traders
The dollar took enough of a hit to convince traders that gold was a safer place to park funds in for the next few sessions.