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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.
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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.
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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.
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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
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By Jon Nadler |
May 7, 2012
Spot gold bullion traded at lows near the $1,635 level in Sunday night trading, while the news from Paris also engendered bid-side quotes at near $29.90 for silver.
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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 |
March 30, 2012
Swiss Bank UBS yesterday trimmed its 2012 gold price forecast by a hefty 18%, down to $1,680 per ounce, as it sees gold as being “at risk.”
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By Jon Nadler |
March 26, 2012
Speculative longs in gold trimmed positions by nearly 81 tonnes and increased short bets by nearly 13 tonnes.
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By Jon Nadler |
March 14, 2012
Gold prices traded as low as just under the pivotal $1,650 support level overnight and they opened with heavy losses that swelled to over $31 an ounce.
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By Jon Nadler |
March 5, 2012
The first forecast for lower economic growth in eight years for that country derailed many an asset as the new trading week commenced. Gold and silver were clearly not immune to the negative news.
