“The first full trading day of the new year started off with a pattern reminiscent of the year that just passed; namely, dollar selling/ commodities buying. News that China’s manufacturing activity grew at the highest rate in over five years stimulated the by-now-familiar trade among players. Thus, the US dollar gave up sitting on the 78 perch on the trade-weighted index and promptly fell 0.36 this morning, to 77.56 and lost more than 1% against the loonie. Oil prices climbed substantially, gaining $1.50 to $80.87 per barrel, aided by not only the China news, but by a blast of frigid weather in parts of the US…”
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About Jon Nadler:
Jon Nadler’s thirty-year professional career has focused exclusively on the precious metals market and on its related investment products. After graduating from U.C.L.A. and the U.C.L.A. Business School’s Management Program, Jon established and managed several precious metals operations at major USA-based financial institutions (Deak-Perera, Republic National Bank, and Bank of America). Jon’s current role is that of Metals Market Analyst and PR Head for Kitco. He has long-standing ties in the precious global metals community and has consulted on marketing and product development issues to government mints, precious metals retailers, as well as to trade and membership organizations, such as the World Gold Council.
Jon’s gold market commentaries are frequently quoted by the U.S. Canadian and global financial media (MarketWatch, ROBTV, CBC Radio, BBC UK Radio, CNBC, Forbes.com, TheStreet.com, The Wall Street Journal Online, Investor’s Business Daily, Forbes.com, AFX News.com, Bloomberg, Resource Investor, Investor Ideas, Korelin Economics Report, Smartstox, and Reuters).
Jon’s expertise in consumer education on precious metals is valued by numerous individual investors as well as institutional firms. Jon is a frequent speaker and workshop host at global investment conferences such as The International Investment Conference, The Money Show, Cambridge House Canada, The New Orleans Investment Conference, New Shore Conferences, and Academy & Finance, Switzerland.
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