Jon Nadler

Senior Metals Market Analyst

The Sound of Silence

Showing no signs that it has found a near-term bottom, gold continued to lose ground in overnight trading and erased its year-to-date gains, plunging to $801.90 per ounce and turning into bear territory. The metal was the subject of long liquidation by funds and did not fully meet the anticipated ba... (Aug 12, 2008 9:44AM)

Following a feeble and half-hearted recovery attempt

Following a feeble and half-hearted recovery attempt, gold prices suffered an even greater wash-out than last Friday's disastrous run to the downside. The former all-time high of $845 not only did not appear to have any significant support, but the metal sank to a low of $827.00 basis spot deal... (Aug 11, 2008 1:34PM)

Mesdames et Messieurs: Rien ne va plus

Metals prices recovered slightly as the new week of trading got underway in Asia overnight. Firmer crude oil values due to the Russian-Georgian conflict were seen helping gold as was a mild rise in the euro following anti-inflationary jawboning by ECB council member Klaus Liebscher. Oil rose nearly ... (Aug 11, 2008 1:31PM)

Memo from the Dollar: Die Hard With a Vengeance

On the triple eight convergence date that is regarded as auspicious enough for the Olympics to have been set to begin at 8:08 on 08.08.08 most commodities suffered a setback that can only be described as a sea-change and the start of a new paradigm. Beijing's 30,000 fireworks paled in compariso... (Aug 08, 2008 1:58PM)

This, is an Ex-Investment!

Commodity funds continued to cash in on gold, oil, and other commodities overnight as the dollar went on a Pamplona-style bullish rampage overseas and rose to near 75.55 (up 0.96!) on the index. The euro, which suffered a major blow when the ECB's hitherto hawkish words became practically inaud... (Aug 08, 2008 1:33PM)

The Slump Depens

We can assign the fresh drop in gold to the continuing vigor being exhibited by the US dollar. Despite oil prices gaining to above $120 per barrel, the sellers in gold, silver, platinum, and palladium were more motivated by the euro declining (Aug 07, 2008 2:24PM)

Hot Money Turns Cold

Somewhat more stable conditions were seen in bullion markets overnight and prices advanced ahead of Thursday's New York opening on a $1.80 rise in oil and a 0.19 drop in the US dollar to just above 74 on the index. Write-down (Aug 07, 2008 12:08PM)

Here I Am, Stuck in the Middle With You

This morning's encouraging gains in gold all but dissipated by the time the afternoon got underway, and in fact the active December contract did end on the negative side, losing over $3 today. Intense pressure from further declines (Aug 06, 2008 3:17PM)

What's Up in the Base(ment)?

Precious metals turned higher following three losing sessions as bargain hunters emerged from the shadows and picked some up at prices nearly $100 lower than what was on offer two weeks ago. The markets (stocks aside) (Aug 06, 2008 9:31AM)

Past Performance is...(You Know the Rest)...

Today's Fed meeting did not directly add any additional fuel to the dollar's recent vigor (now nearing 73.95 on the index) but- if nothing else- gold showed once again that it is feeling the impact of an oil price that has shed some $30 from its recent record price and continues to aim low... (Aug 05, 2008 6:14PM)

It's Show (of Hands) Time!

Continuing liquidation in the commodities complex brought gold prices to just above $880 overnight amid signs that a still-improving dollar and fast-fading crude oil values are prompting an exodus of funds and their millions into other niches. Gold has thus far proven unable to show immunity from th... (Aug 05, 2008 12:38PM)

Let Them Eat Gold!

Gold prices oscillated within a fairly tight range as the new week got underway in Asia overnight. Modest bargain-hunting was seen as prices dipped to near $905 but gains were capped near $915 as players awaited US economic data and the upcoming Fed smoke signals to provide near-term direction for t... (Aug 04, 2008 9:50AM)