Jon Nadler

Senior Metals Market Analyst

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Sooner Than Later

Overnight action in the gold markets provided little substantive change from the approximate levels seen last Friday, as the metal dipped to $985 but also covered the upper end of a narrow range near $995. (Sep 28, 2009 7:19AM)

Baby, You Can Drive My Investment

Gold's largest weekly drop in more than two months was slightly mitigated by a small decline in the dollar during the overnight hours. The sell-off in the metal began on the heels of the Fed meeting on Wednesday, albeit one last push to the $1020 marker was still attempted by the hugely long specula... (Sep 25, 2009 9:25AM)

Next Up: Cash for Bunkers?

The post-meeting statement by the US central bank contained additional key acknowledgements as well, such as the 'we believe in the on-going economic recovery' mantra, and the obligatory 'tribute' to the inflation hawks within its ranks (we think this was a contentious meeting with a split voting bo... (Sep 24, 2009 2:55PM)

Longer Slack Still in Fashion - Commentary

With substantial resource slack likely to continue to dampen cost pressures and with longer-term inflation expectations stable, the committee expects that inflation will remain subdued for some time. In these circumstances, the Federal Reserve will continue to employ a wide range of tools to promote... (Sep 24, 2009 12:57PM)

Elephant Talk is What We Need

Narrow ranges defined the overnight trading hours for gold, as the metal gyrated between $1010 and $1020 per ounce, closely tracking the dollar's own close orbit around the 76.10 mark on the trade-weighted index. (Sep 23, 2009 9:51AM)

A Yuan for Gold

Yesterday's mini-correction in gold lasted barely until the market's close and turned into trend resumption during the overnight hours. The recapture of the $1k mark came relatively easy during Monday's session, making the brief foray to lower levels as shallow as every previous one lately. Then aga... (Sep 22, 2009 10:09AM)

The Sky Will Fall. Eventually

A break to higher levels for the greenback against the yen was just one of the manifestation of a possible turn in sentiment among speculators early on Monday. Overnight trading (albeit without Japanese participation -as locals were out on holiday) saw a marked rise in the 'jitter factor' related to... (Sep 21, 2009 11:11AM)

Fear Factor Foible

Lackluster conditions marked the passage of the overnight trading hours in metals as the dollar's fall slowed considerably and as oil prices started showing signs of nervousness about demand in the commodity. (Sep 18, 2009 10:50AM)

A New Math? Depends on Your Teacher

The US dollar traded at a one-year low against the euro overnight and helped push bullion values to $1025 per ounce amid the continuing fund feeding frenzy that was unleashed more than two weeks ago. The greenback also came very close to the 76 mark on the trade-weighted index during the hours prece... (Sep 17, 2009 9:19AM)

A SUITable Price? Name Yours

Overnight markets saw a continued, post-Bernanke lift in gold bullion and, once again, background conditions helped propel the yellow metal to a $1022 price tag per ounce. The prime mover -no surprise- was the US dollar, which lost additional value on the trade-weighted index and sank to the 76.35 ... (Sep 16, 2009 9:50AM)

There's Gold in Them Thar' Dumps

Sideways price action defined much of the overnight period in the precious metals markets, although the bias was towards slightly lower values. Gold retreated to the low $990s once again but traded in a narrow, barely six-dollar range, as the dollar added a few more points on the trade-weighted inde... (Sep 15, 2009 8:51AM)

Rubber, Chickens and a Forgettable Anniversary

A long-feared trade war appeared to be shaping up between the US and China following Friday's tit-for-tat protectionist actions and words by each country. The US imposed a 35% import tariff on Chinese-made tires, a move that prompted China to warn that U.S. cars and chickens would suffer a similar f... (Sep 14, 2009 4:08PM)