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By Jon Nadler |
December 7, 2012
The big surprise this morning was that the US jobs figures…surprised to the upside, and then some. Gold prices promptly fell by as much as $18 (all the way back down to $1,682) in the wake of the report that showed US unemployment falling to 7.7%.
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By Jon Nadler |
November 6, 2012
Metals markets opened marginally higher on this US Election Day as the US dollar traded virtually flat and as crude oil advanced by about thirty cents per barrel. Speculative participants appeared to be willing to take only small bites at the market.
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By The Mad Hedge Fund Trader |
October 15, 2012
There are important reasons why these numbers may be off that I have been warning you about all year. The problem arises with the seasonal adjustment process that the government has been using for the last several decades.
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By The Mad Hedge Fund Trader |
October 5, 2012
Technical analysts are more excited about the gold and silver charts than for any other asset. They interpret the recent sideways move at a peak as a classic sideways consolidation, and one of the most bullish you can find in chart land.
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By Bill Bonner |
September 20, 2012
Shouldn't stocks be flying? Shouldn't gold be closing over $1,800 per ounce... and on its way to the moon? The Fed last week announced what could turn out to be the biggest program of money-printing ever undertaken by a central bank in history.
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By Jon Nadler |
August 1, 2012
Precious metals, crude oil, equity markets, and certain currencies spent the first trading days of this week basically treading water and fast-forwarding to the last three days of sessions; days from which market participants are hoping to be able to extract some benefit.
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By Jon Nadler |
July 11, 2012
The midweek precious metals trading session started with a bit of a recovery effort following Tuesday’s price rout. Market participants pushed the US dollar a tad lower on the index and lifted gold prices by about half a percent.
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By Jon Nadler |
July 9, 2012
The new trading week got off to a relatively muted but also somewhat weak start in the precious metals’ complex. Spot gold climbed $3.70 to open at $1,586 per ounce and silver commenced the trading day at $27.24 the ounce with a 14-cent advance.
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By Jon Nadler |
July 6, 2012
Spot gold fell to lows near $1,587 and then opened at $1,596, down $7 while silver touched $27.25 per ounce overnight but opened at $27.52. Once again, the US dollar added a few small steps to yesterday’s upward march and reached 82.85 on the index.
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By Jon Nadler |
June 6, 2012
Gold prices added over 1% ahead of the ECB rate-setting meeting this morning as the post US jobs data-sparked Friday rally continued to unfold. The gold market’s net speculative length is at or very near multi-year lows.