We stand by the assertion that a quarter percent better fed funds rate will NOT make the critical difference to medium-term andor long-term gold investors.
More Quotes from Jon Nadler:
Unfortunately, the district doesn't share that interpretation. They're pushing ahead with a decision right now.Jon Nadler
Traders were watching a sinking dollar and the apparent diversion of petro-dollar profits into bullion (a repeat of the pattern that was last visible in the gold run of 1980).
Jon Nadler
In the gold trading pits, economic uncertainties are taking a back seat to uncertainties of a different nature these days.
Jon Nadler
Gold as well as silver continues to benefit from a robust global growth pattern and consumption of all types of commodities.
Jon Nadler
None of this probing to the downside will negate the fundamental nervousness the market continues to experience, and the hair-trigger volatility will continue to be an integral feature of the metals complex as news keeps coming at it.
Jon Nadler
Although gold remains vulnerable to at least another bout of selling as we head into next week, the fact that it erased Thursday's losses demonstrates (for the time being) the fact that this bull is alive and kicking.
Jon Nadler
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