Jon Nadler Quotes on Gold (14 Quotes)

Gold appears to be reflecting the lack of fresh bad news ... rather than true profit-taking.

Gold burst decisively through the 560 mark...even as many participants are out for the U.S. holiday.

We saw little evidence yesterday that the Godzilla-size footprints of funds bailing out of gold was present. We did see evidence overnight that millions of tiny (individual-investor) footprints make for an equal-size impact on gold -- in the opposite direction.

Buoyed by the Nigerian oil sabotage news and a weaker U.S. dollar, gold has reasserted its safe-haven attributes since last Friday.

Gold as well as silver continues to benefit from a robust global growth pattern and consumption of all types of commodities.

In a world where news stories continue to make ominous ripples, gold is acting like the thermometer of collective global anxiety.

Gold would like to go somewhat lower to follow long-established seasonal patterns as well as to complete the corrective phase it was in, after a swift race to nearly 600 per ounce.

The dollar took enough of a hit to convince traders that gold was a safer place to park funds in for the next few sessions.

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).

In the gold trading pits, economic uncertainties are taking a back seat to uncertainties of a different nature these days.

Gold is as much a mirror of current human events as it is a barometer of future asset values.

The trigger fingers hovering over all of the instability-sensitive commodity 'buy' buttons (gold, oil, etc.) are as jittery as ever.

Gold closed out the week on a firmer yet inconclusive note as traders squared logbooks ahead of the weekend.

It will take either a sharp sequence of rate increases ... or a significant reversal of rate hikes ... to move the gold market in a meaningful way at this point.