Jon Nadler
Jon Nadler
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.
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.
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.
ahead closed gold note traders week
Gold closed out the week on a firmer yet inconclusive note as traders squared logbooks ahead of the weekend.
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.
appears bad fresh gold lack news rather reflecting true
Gold appears to be reflecting the lack of fresh bad news ... rather than true profit-taking.
beginning buying continue regarded
Surely, corrections will come; but when and if they do they will continue to be regarded as buying opportunities for the long-run, not the beginning of the end.
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.
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.
attempt attract debt designed dollar hikes inflation investment
The hikes are not as much an attempt to stave off inflation as they are designed to attract investment into the dollar by would-be debt holders (China, Japan, etc.) of the U.S. currency.
alive although bull erased fact gold head losses next remains selling time vulnerable
Although gold remains vulnerable to at least another bout of selling as we head into next week, the fact that it erased Thursday's losses demonstrates (for the time being) the fact that this bull is alive and kicking.