Jon Nadler

Senior Metals Market Analyst

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Mixed Feelings Everywhere

Precious metals built on Friday's gains during the overnight hours, but their advances were uneven as well as uncertain as the hour of NY's opening approached. The US dollar was poised to reach a five-week low against the yen, while trading just above the 78.05 mark on the trade-weighted index. (Aug 24, 2009 8:47AM)

In the Hole

This week's dual theme - China and oil- continued to exert the primary influence on the precious metals complex during the overnight hours. As crude values approached $74 per barrel the dollar lost more on the trade-weighted index, sinking to $77.95 ahead of the NY open. (Aug 21, 2009 9:03AM)

You May Now Kiss the Bride. Careful!

Following their serious hammering thus far in August, Chinese stocks finally had a good day. A very, very good day, indeed. The Shanghai Composite Index rose by 4.5% - the largest amount since March. This, one day after the index reached into clear bear market territory and its prospects looked rath... (Aug 20, 2009 4:13PM)

August Holidays and Trips to Wyoming

Following a serious hammering thus far in August, Chinese stocks finally had a good day. A very, very good day. The Shanghai index rose by 4.5% - the largest amount since March. This, one day after the index touched bear market territory and looked very poor. (Aug 20, 2009 9:17AM)

Key Developments

Price weakness continued to be manifest in the precious and base metals complexes overnight, as China's stock market index fell another 4.3% and came to the point of requiring the 'bear market' label to be applied to it by market technicians. (Aug 19, 2009 2:59PM)

WGC Reality Showtime

The Berlin Wall (Of Worry) Comes Down-Afternoon update

If Monday's action was led by the â€œShanghai Sell-Offâ€ then it is fair to say that Tuesday's early market developments had all the markings of the â€œBerlin Bounce.â€ German investor confidence rose to its highest level in three years this month, following readings of an expanding economy during... (Aug 18, 2009 3:18PM)

Berlin Wall (of Worry) Comes Down

If Monday's action was led by the Shanghai sell-off, Tuesday's early market developments had all the markings of the Berlin bounce. German investor confidence rose to its highest level in three years this month, following readings of an expanding economy during Q2. (Aug 18, 2009 8:39AM)

Shanghai Surprise

A surging US dollar-driven sell-off took a hefty amount of shine off the precious metals complex overnight. The better than 0.6% gain in the greenback pushed gold values to their lowest levels this month, to under $935 per ounce - this, before the NY market opened for the new week. (Aug 17, 2009 8:57AM)

How Sweet IS It?

A further 3% overnight drop in the Shanghai market helped the dollar-yen duo regain some lost ground as investors chose the two currencies a bit of a safe-haven nod. The action was not very aggressive, and this morning's dollar index was still showing a bit of red, quoted at 78.30 (off by 0.14). (Aug 14, 2009 10:09AM)

Liquid Gold

Gold prices benefited from overnight advances in most commodities and a lift in the global equity markets. The precious metals were advancing on the back of a much softer (down 0.42 on the index) US dollar and on the strong rise in crude oil values. (Aug 13, 2009 9:14AM)

Recoveries R US

Gold longest slidein five months' time resumedovernight, with the precious metal dropping for a sixth consecutive session, this time to just under $940 for a short while, as the stronger dollar and a static crude oil price hampered its attempts to recover. The metal remained in 'pre-Fed' mode, but t... (Aug 12, 2009 9:30AM)