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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 |
May 2, 2012
Gold spot prices opened with losses on the order of about $10 and near the support level that the $1,650 area is thought to be able to now offer. Silver dropped nearly 50 cents and started the midweek session out under the $30.50 mark per ounce.
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By Jon Nadler |
April 20, 2012
Little in the way of real change was noted this morning as the final session of the week got underway in New York. Spot gold hovered around $1,645 while spot silver appeared stuck around the $31.75 area.
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By Austin Kiddle |
April 13, 2012
On Thursday gold futures had the biggest one-day rally of 1.22% since Feb. 21. This week gold has rallied more than 3%, helped by the re-assurance by two US Federal Reserve governors that US interest rates will remain low until late 2014 .
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By Jon Nadler |
April 9, 2012
Friday’s US jobs data managed to yield a lift in precious metals values this morning but the advance was itself significantly below expectations and it most certainly did not come at the expense of a notable cratering in the US dollar.
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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 |
February 3, 2012
The near-term in Europe might be darker than many currently anticipate (as reflected in January’s asset-buying euphoria) if we take note of certain underlying trends. An injection of liquidity has not resulted in an injection of loans into the region’s faltering economy, for example.
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By Adam Hamilton |
January 13, 2012
While gold's own situation is fantastically bullish, the state of the dollar pours gasoline on gold's fire. The USDX is now as overbought as gold is oversold, just hitting its most-overbought levels since June 2010.
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By Jon Nadler |
January 6, 2012
Gold prices opened on the nervous side this morning but eked out an 80-cent gain to start the final session of the week at $1,622.20 per ounce. The dollar's current strength is continuing to hold gold back from convincingly surpassing 200-DMA resistance.
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By Adam Hamilton |
December 27, 2011
If reports are to be believed, there is a recession hiding behind every tree. For a myriad of reasons, economists have argued we are due to plunge into the next one any day now. But investors have to understand how recession talk is spawned.
