Jon Nadler

Senior Metals Market Analyst

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Daunting Dhanteras

We're seeing the first more substantive drop in gold values in quite some time this morning. Gold spot prices have touched a low near $1047 in the hours preceding the NY market's opening. A bit of stability in the USD (trading near 75.50 on the index) and a small dip in crude oil (last seen just und... (Oct 15, 2009 9:04AM)

But Wait, There's More! Gold Below Spot! Void Where Prohibited...

Following the setting of a fresh record at $1.80 above the $1070 mark in overnight trade, gold prices pulled back by a tiny amount in early NY session action. Once again, the dynamics were mainly dollar-centric as the US currency tried to hang on to the mid-75 zone in the trade-weighted index. Crude... (Oct 14, 2009 10:55AM)

China in a Bull Shop

A fresh break by the US dollar to under the 75 level on the trade weighted index prompted more...of the same during the overnight trading hours. Namely, fresh additions to the price of gold and oil. The price tag of the former is starting to look much like a Weimar Republic-era chalkboard; one which... (Oct 13, 2009 9:07AM)

Dollar: The Reports of My Demise...

Although some gains were seen in the dollar versus the euro and the pound earlier this morning, a hefty $1.78 addition to crude oil values helped keep gold's flywheel-like momentum going for yet another day. The yellow metal traded in a $10 band of from $1048 to $1058 and managed to recover most of ... (Oct 12, 2009 10:13AM)

Daily Commentary - 28/09/2009

The Australian Dollar opens marginally higher on Monday at 0.8675. The Aussie hit a high of 0.8713 during European trade on Friday night but moved lower after weak U.S. economic data raised concerns over the strength of the global recovery. (Oct 09, 2009 3:02PM)

Where is Waldo? Hint: Not in Asia

A fresh high was recorded in gold spot prices early this morning, and it came in at $1049.50 - practically a match for the interim targets envisioned by some of the technical analysis that pegged such an achievement on the success of taking out the 2008 high in previous weeks. Today's gains were so... (Oct 07, 2009 4:26PM)

Buy The Rumour, Then Buy The Fact

An all-time high of $1044.80 (some $11.00 above the March 2008 highs) in gold prices was recorded in hectic trading in New York today. Polled trading sources cited an amalgam of "rumour-based US dollar weakness" and Australia's surprise hike in interest rates, as the prime catalysts for the now hist... (Oct 06, 2009 4:14PM)

Kitcommentary from Kitco Metals Inc.

An eighteen-month high of $1028.80 ($5.10 under the March 2008 high) in gold prices was recorded in trading ahead of the NY opening this morning. Polled sources cited an amalgam of dollar weakness and Australia's hike in interest rates as the prime catalysts for the spike in prices that followed yes... (Oct 06, 2009 9:07AM)

Too Fast and Too Furious - Istanbul Drift

Gold's incursion at figures above the $1000 level continued overnight, as the dollar came under renewed pressure following tepid pro-dollar statements from the Istanbul conclave of the G-7 this weekend. Group of Seven finance chiefs stopped short of singling out the weaker dollar for criticism and s... (Oct 05, 2009 12:05PM)

A Fundamental Question. Or Two. Or Three.

Gold relinquished the $1,000 level in the hours prior to yesterday afternoon's final tick, but it was a slow, stubborn retreat. (Oct 02, 2009 8:41AM)

Economic News = Chinese Food

A rise in the euro against the dollar following the ECB's signals of sharply reduced need for its lending to banks prompted a rebound in bullion prices overnight. Further signs that the global banking sector is returning to a more even keel position engendered a rise in risk appetite once again, now... (Sep 30, 2009 9:07AM)

A Dollar, A Day

Gold prices remained under selling pressure for yet another overnight Asian session on Tuesday, but the trading range remained quite narrow and was confined to the $988-995 zone prior to NY's morning opening. Background conditions had the dollar still rising (by 0.23 to 77.13 on the index) and oil f... (Sep 29, 2009 9:11AM)