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By Jon Nadler |
February 10, 2012
Spot precious metals dealings opened on the weak side with all four principal metals that we track losing more than 1.2% and up to 2.1% percent. Spot gold was down nearly $25 at $1,704 per ounce while silver was bid near $33.25, down 60 more than cents.
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By Jon Nadler |
July 25, 2011
New York metals trading opened with gains of $15 in gold and 73 cents in silver this morning. The former was quoted at $1616 and the latter at $40.80 per ounce against only a slightly weaker US dollar and against a decline in crude oil.
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By Jon Nadler |
July 19, 2011
With simultaneous headlines blaring "Gold May Rise" and "Gold May Snap Its Run" everything the financial world this morning was as "normal" as usual.
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By Jordan Roy-Byrne, CMT |
June 13, 2011
While gold is only 2% from all time highs, the gold stocks have struggled and underperformed badly. This is reminiscent of 2008, although we don't think a similar result is coming. The fact is as QE2 ends, money is moving out of risk assets.
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By Jon Nadler |
May 6, 2011
The grimmest commodity market closing tally in almost two years was recorded yesterday afternoon in New York. Awash in a sea of red, the price boards showed a $43.40 drop in gold, a 12% collapse in silver, $54 off platinum and $34 off palladium.
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By Jordan Roy-Byrne, CMT |
January 13, 2011
An upward sloping consolidation in gold that began in October has, despite a lack of any real losses, been enough to improve various sentiment indicators.
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By Jon Nadler |
November 24, 2010
Overnight trading in precious metals offered little in the way of excitement as more gains in the US dollar (and corresponding losses in the euro) coupled with the imminent hiatus in the US, kept trading ranges confined and advances shallow.
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By Jon Nadler |
October 22, 2010
More losses were on tap for precious metals overnight with gold prices touching lows near $1,315.00 and silver falling to a $22.82 low before some rebounds were noted in the pair.
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By Jon Nadler |
September 28, 2010
Circulating reports that the Fed's putative QE2 may turn out to be somewhat dinghy-sized as opposed to an all-out behemoth to rival QE1, put a dent into market participants' plans to lift gold well beyond the $1,300 mark for the moment.
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By Jon Nadler |
September 17, 2010
Gold's sentiment-al journey continued virtually uninterrupted overnight as the `another day; must mean another record' mentality remained manifest among spec funds.
