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By Jon Nadler |
March 16, 2011
There is as yet no clear consensus on what the short and medium-term impacts of the Japanese disaster are on base and precious metals, energy, and other commodities. For the time being, price recovery is manifest, but one can expect volatility.
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By Jon Nadler |
March 15, 2011
A massive meltdown in precious metals and key commodities followed the massive meltdown in Japanese and world equities which followed the apparently imminent meltdown at the Fukushima nuclear plant in Japan.
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By Jon Nadler |
March 11, 2011
The world's third largest economy came to a virtual standstill as one of the more powerful earthquakes in recent memory, and, indeed, in recorded history, struck Japan and unleashed a literal tidal wave of death and destruction overnight.
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By Jon Nadler |
March 10, 2011
The sharp decline in oil, along with an initial 0.61% gain in the US dollar on the trade-weighted index made for a wobbly start in the precious metals' complex. Gold spot prices opened with a loss of $12.60 per ounce and silver with an 87-cent drop.
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By Jon Nadler |
March 9, 2011
Spot metals dealings started the midweek session with decent gains across the board. Gold was bid at $1,435.70 per ounce (up $6.80) in New York, while silver advanced 27 cents to open at $36.32 on the bid side.
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By Jon Nadler |
March 8, 2011
Spot precious metals dealings opened on a weak-to-lower note this morning, as recurring rumors of a deal between Mr. Gaddafi and Libyan rebels continued to pressure oil prices and bolstered the US dollar.
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By Jon Nadler |
March 7, 2011
Precious metals trading got off to a flying start on Monday, with gold prices rallying by $11.10 per troy ounce, and they were initially quoted at $1,443.90 on the bid side of spot after having touched early highs at a new, $1,445.90 per ounce record.
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By Jon Nadler |
March 4, 2011
The final trading session of this most eventful week began on a relatively upbeat note in precious metals, following yesterday's rather minor (1.5% from the recent high in gold) setback, which, for now, we will refrain from calling a `correction.'
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By Jon Nadler |
March 3, 2011
Gold prices traded in a $21 range from $1,416.60 to $1,437.50 and silver gyrated over an 84-cent range as the sellers (and very few buyers) duked it out in the first hour of trading Thursday. Platinum and palladium players also took profits.
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By Jon Nadler |
March 1, 2011
The world turned up the heat on a recalcitrant Muammer Gaddafi over the past 24 hours and the results thereof were fairly obvious in various markets overnight as well as this morning.
