Jon Nadler

Senior Metals Market Analyst

Adens Always Alert

Gold picked up a few additional dollars overnight, owing to more Asian buying interest and a mixed bag of market values in base metals, currencies, and equities. Although the US dollar came under some pressure in the wake of news that home foreclosures rose 55% in July, the euro and the pound found ... (Aug 14, 2008 10:12AM)

Second Quarter Gives No Quarter to Gold

Following an incessant string of losses dating back to the first of the month, the gold market was finally able to recover about 2% of it value during today's session. Today's rise can in large part be attributed to a $3.5 gain in crude oil (last seen at $116.42) and to a steady but not cl... (Aug 13, 2008 5:22PM)

Demand Destruction Applies to Bullion as Well

Overnight action in the gold market was on the subdued side, as Indian buyers took a break from buying the metal in anticipation of prices nearer or under $800. The metal continued to be unable to overcome near-term resistance at $825 and was stalled near $815 with the threat of a dip to the $775 to... (Aug 13, 2008 9:46AM)

Monsoon Weddings Soon. Will Gold be Invited?

Showing no signs that it has found a near-term bottom, gold continued to lose ground for an eighth session today, erasing its year-to-date gains, plunging to a low of $801.90 per ounce, and turning into bear territory. The metal ignored the whole Russo-Georgian conflict, as well as today's mi... (Aug 12, 2008 6:25PM)

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)