-
By Jon Nadler |
January 29, 2013
Late Monday-issued EW wave analysis noted that gold closed lower for the fourth straight session on Monday and that daily momentum was pointed “firmly lower” but that hourly momentum was diverging a bit.
-
By Jon Nadler |
January 25, 2013
After having once again failed at the $1,696 resistance level on Wednesday, gold prices headed lower for a third straight session this morning. In the process, the pivotal 200-day moving average price near the $1,608 level was breached by sellers.
-
By Jon Nadler |
January 22, 2013
Analysts at Citigroup and Goldman Sachs have scaled back gold price forecasts, especially in the longer-term, as the underpinnings of its bull market are being called into question.
-
By Jon Nadler |
January 18, 2013
Gold prices touched a one-month high near $1,699 on Thursday as a slightly weaker greenback and a spike in black gold inspired short-term specs to buy the metal at its daily lows in the morning hours.
-
By Jon Nadler |
September 21, 2012
Some of the Fed-induced euphoria that became manifest one week ago dissipated during the course of this week as market participants were left with an environment wherein Fedspectations can now be considered as being off the table.
-
By Jon Nadler |
September 17, 2012
Now that the Fed news has been “baked” into the market equation, participants are once again focusing on the slowdown in China and the structural issues plaguing the financial side of the EU.
-
By Jon Nadler |
September 10, 2012
Gold is pricing in a Fed QE of as much as $500 billion. Anything less than that figure is seen as having the potential to push gold prices lower late in the week.
-
By Jon Nadler |
August 27, 2012
The four principal precious metals are flashing the “overbought” signal in the wake of last week’s “Fedphoria-induced” rallies. Additionally, the GOP ignited a firestorm debate over the viability of returning to the gold standard.
-
By Jon Nadler |
August 8, 2012
Gold continues to trade with the single currency with little physical interest. So far, gold has failed to attract any safe-haven inflows, instead trading as any other risk asset and in line with the broader market sentiment
-
By Jon Nadler |
August 1, 2012
While gold prices have held above the $1,600 pivot level, the action in either direction has been anything but orderly, and it often has not take more than a hint of a delay in easing actions by the Fed or the ECB to send enthusiasm withering.
