Jon Nadler
Jon Nadler
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.
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.
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.
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.
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.
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.
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.