Jon Nadler
Jon Nadler
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.
action asset attracting global investors price scramble walks
A global scramble for the asset is now unfolding, as the fund-driven price action is snowballing and attracting investors from all walks of life.
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.