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By Jon Nadler |
May 14, 2012
After suffering a roughly 4% loss last week, gold prices headed even lower overnight and this morning as further erosion in crude oil and the euro and further advances in the US dollar made life more difficult for the few remaining bulls in the market.
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By Jon Nadler |
May 7, 2012
Spot gold lost $5 on the open to start the new week with a bid at $1,637 the ounce. Silver fell 20 cents to the $30.14 mark per ounce. Platinum climbed $5 to $1,528 while palladium rose $2 to $651 the ounce.
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By Jon Nadler |
May 4, 2012
The headline number may have been a “disappointment” but the revisions being made to previous figures offered a healthy counter-balance to be sure. Overall, the data indicate a “pause” in the US recovery but not one that would impel a nice fat little QE3 package.
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By Jon Nadler |
April 30, 2012
Gold prices started the final trading day of April with minor losses in New York and were seen headed for a net loss for the month (based on the PM Fix) on the order of 1.75%.
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By Jon Nadler |
April 25, 2012
Gold’s last/best chance to try for the $1,650 target ahead of the Fed today comes from a lower-than-expected US durable goods orders figure and the flicker of a QE3 hope that such a metric might give rise to among speculators.
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By Jon Nadler |
April 6, 2012
The abbreviated trading week finished with a larger-than-two-percent value loss in gold and with not much fresh taking of major positions by market participants in the precious metals complex.
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By Jon Nadler |
March 30, 2012
Spot dealings opened with a bid-side quoted at $1,667 in gold and at $32.50 in silver. While there is still scope for attempts at taking out overhead resistance near $1,680 and $1,704 in gold (with a possible $1,730 end-target) the going has been anything but smooth.
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By Jon Nadler |
March 26, 2012
Last week’s wide price swings continued to befuddle and frustrate speculators in the commodities’ space and for a fourth consecutive week the results revealed that hedge fund players placed their bets incorrectly in these markets.
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By Jon Nadler |
March 14, 2012
The midweek sessions in precious metals started off at sharply lower price levels in the wake of the sentiment that took gold post the Fed announcement that given current economic conditions it has opted to do nothing more than monitor the situation.
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By Jon Nadler |
March 5, 2012
Proving for the nth time that what happens in China is a pivotal impact factor to the commodities’ space, the most recent developments in that country sent base and precious metals prices, along with most global equity markets, lower overnight.
