Jon Nadler

Bullion Bars

On the day after the Fed offered a $600 billion ‘freebie’ and eight more months of party time to the world’s carry dollar-carry trade, the who’s who of the world of commodities gathered at the NY Stock Exchange to discuss the present conditions and future prospects for the world’s markets in "stuff." […]

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Bullion Bars

Special Edition: US Midterm Elections and the Fed Decision

As was largely expected (and already factored into asset valuations), the GOP took control of the US House of Representatives and gained Senate seats as well, in the wake of a midterm power shift not often seen in American politics. Yesterday, US voters voted in anger and out of rising frustration over (mainly) the state of the economy and several Democratic incumbents were replaced as a result. Big business cheered the outcome and will now be looking to Republican winners to block impending rules, taxation, and policies proposed by Mr. Obama’s administration […]

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Bullion Bars

Precious metals markets recorded small gains as they opened for business in New York this morning. Most of the action to the upside in gold was US dollar related (what else is new these days?) as the latter struggled to maintain the 77 level on the trade-weighted index. The yellow metal opened with a $5.30 per ounce gain, quoted at $1,356.60 bid, showing signs that the pre-Fed "certainty" premium was not about to dissipate; certainly not with a weaker dollar still on the scene […]

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Bullion Bars

Halloween-induced heart palpitations will prove to have been ‘junior league’ as the ‘mother-of-all-market-weeks’ gets underway today. Precious metals continued to benefit from the US dollar’s overnight weakness (it basically orbited around either side of the 77 mark on the index) and opened the first session of November on a fairly firm footing, not looking as if corrections of any significant size were in the making

Spot gold bullion started the week off with a 90-cent decline and was quoted at $1,358.90 the ounce. Clearly, a wait-and-see attitude in advance of the Fed, but one that is not willing to give up the recently built-up ‘premium’ which brought the yellow metal back from the $1,320s up to the mid $1,360s during the past week […]

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Bullion BarsAnother overnight period of broad ranges and of pre-guessing the US Fed unfolded in the precious metals complex, most of it being subject once again to the fluctuations in the US dollar. Gold prices traded with the $1,335 – $1,355 channel, silver saw a near 50 cent range and platinum and palladium also swung within $20-$30 spans […]

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Bullion Bars

More see-sawing was on display in overnight equities and commodities markets as pre-Fed calculations and sentiment extended the ebb and flow of the US dollar’s movements on the index, which, in turn, shaped corresponding gyrations in other assets.

Clearly, the closer we get to the middle of next week, the more the markets and a plethora of economists are reassessing the scale and scope of the Fed’s expected spending move […]

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9999 Gold Bars

Additional gains recorded overnight brought the US dollar very near the 78 mark on the trade-weighted index and contributed to a fresh dip in gold prices down to the $1,326.00 level. Crude oil felt the rising dollar-induced selling heat as well, losing nearly $1 to fall to $81.72 per barrel.

Much of what was seen overnight was due to rising apprehensions related to next Tuesday’s Fed meeting […]

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9999 Gold BarsAn overnight stabilization in the US dollar (back up to 77.50 on the index) brought gold sellers out of Monday’s temporary ‘hiding’ and the yellow metal sank by over $12 to just above the $1,328.00 mark during the period.

The combined gold holdings in exchange-traded products declined for a seventh consecutive day while similar balances in silver-oriented funds fell for the first time in three weeks […]

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999 Gold

Even as they pledged to refrain from further weakening their respective currencies, finance ministers from the Group of 20 exhibited plenty of sour expressions when it came to the post-meeting photo-ops. Thus, while the essence of the communiqué serves as a tension-reducer, the indirect criticisms that were leveled upon Mr. Bernanke’s Fed were hard to miss […]

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GoldA day ahead of the start of the G-20 meeting in Seoul, many a market acted as if the outcome of said summit was a foregone conclusion — namely, that despite attempts to show that efforts are being made to avert a true currency war, the various leaders will most likely only produce a communique that reiterates their commitment to ‘rebalance’ that which is heading into imbalance at this time […]

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