“All was quiet on the western gold front ahead of the FOMC meeting slated for later in the day. The dollar remained firm near 78.50 on the index and it traded at 1.408 against the euro as players awaited what is likely to be a non-event; the post Fed meeting announcement. It is widely expected that the Fed will leave rates at their current levels once again, while also reaffirming that the acronym-laden soup of liquidity still in the system will be left out in the snow, to completely cool and expire, come March. The US central bank is seen as taking a chance the American housing market can make a comeback without its support, as it sticks to its plan to end $1.25 trillion worth of mortgage-debt purchases…”
To continue reading this post and to read more of Jon Nadler’s Daily Nugget, click here.
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.
About EQUITIES:
Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on our website, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.
Sign up for a free one-year subscription to EQUITIES Magazine
