Jon Nadler

Senior Metals Market Analyst

Obamanomics 101: Vox Populi

Well, gold tired to go into two directions at once today. Make that, three. First, the gold price break we had alluded in yesterday's article, materialized overnight and early this morning, and its primary catalyst came from Germany. Business confidence in the Eurozone's vital driver fell ... (Aug 26, 2008 4:54PM)

Vilkommen to Mein Laboratory!

The gold price break we alluded to as potentially developing on Monday, materialized overnight and its catalyst came from Germany. Business confidence in the Eurozone's vital driver fell sharply this month and took the common currency to a six-month low with it. (Aug 26, 2008 11:32AM)

Of (gold's) Price and (various) Men

Gold, oil, and the dollar remained largely dormant throughout the session and the musical chairs will switch for next Monday, as the US takes a holiday in lieu of the UK which was absent from the market today. The same cannot be said about the Dow, which took financial world woes and ran to the down... (Aug 25, 2008 5:33PM)

Metals ETFs - The Achilles Heel?

Bullion prices were stuck in a tight range as the new week got underway overseas. Last night's price channel was less than $10 wide as gold meandered between $818 and $826 and as participants kept an eye on the dollar near 77 on the index and on a marginally higher crude oil value following las... (Aug 25, 2008 10:49AM)

Thus Spake Bernanke. Messages from the Hole.

Gold prices fell during this winning week's final session, reaching lows of near $823 as participants continued to ponder whether the 5% rally from last Friday's 775 lows was real or just virtual reality. The yellow metal has repaired on third of the damage it sustained since the $910 high... (Aug 22, 2008 2:32PM)

Look Who's Talking. Practically Everyone.

Commodities found a bright patch of sunshine in the midst of today's storm of financial news and related fears. In fact, they had quite a party, if one just briefly glances at the Kitcometals.com page base metals price tickers. The industrial metals recorded gains of anywhere from 3 to 8 percen... (Aug 21, 2008 6:44PM)

The Jim and Marc Show

Gold prices found their old ally -credit jitters- overnight and had a happy reunion as the dollar lost .49 on the index to drop to 76.49 on those jitters. The parade of names on investors' minds is quite familiar: F & F, Lehman, Goldman, Morgan. The issues, the same. How much will be written of... (Aug 21, 2008 9:36AM)

Down or Up or Both? - Take Your Pick.

After having tested both ends of the support/resistance channel for the day (from $800 to $820) gold prices retreated to the middle of the range at $810 and had a rather lackluster afternoon session. The euro skidded towards its lowest value against the dollar in nearly half a year as apprehensions ... (Aug 20, 2008 6:21PM)

Interest-ing Times for Gold

After trying a test of overhead resistance near $820 gold prices retreated to the $810 area overnight but remained reasonably well supported by physical demand in the overseas markets. The euro skidded towards its lowest value against the dollar in nearly half a year as apprehensions about the state... (Aug 20, 2008 9:40AM)

What We've Got Here Is Failure to...Instill Confidence

Tuesday's New York session finished with a 1.5% gain in gold prices following a mid-morning turnaround precipitated by a surge in oil prices and a decline in the dollar. An amalgam of market-moving news dented the greenback's hitherto runaway gains and sparked some fresh buys in energy an... (Aug 19, 2008 5:45PM)

CPM Smells a Bargain

Selling pressure resumed in precious metals after Monday's NY close. Gold gave up its conquest of the $800 spot level and fell as low as $782.40 in overnight dealings before stabilizing near $790 early today. The dollar ignored negative financial news on Fannie and Freddie and continued to hove... (Aug 19, 2008 10:02AM)

Mumbai to Buy? Sure. At a Price not High.

Bullion prices worked their way somewhat higher (within a channel of from $790 to $805) overnight as a pause in the dollar's rally and hurricane fears-driven crude values gave buyers a bit more motivation than they had prior to the weekend. Indian demand was quite robust as the recent massive s... (Aug 18, 2008 4:15PM)