Metals expert Jon Nadler talks about Marketwatch’s contrarian analysis and what that means for the gold markets.
“Gold’s ascent continued for a second day on Tuesday, as the US dollar’s rally ran into additional profit-taking selling and dragged the currency back down to near the 79.10 mark on the trade-weighted index. This morning’s action in the spot metals markets saw a milder version of Monday’s ISM reading-stimulated risk appetite-flavored gains, with gold adding $4.80 per ounce to start the day at $1110.40, silver gaining only 1 cent to open at $16.68 per ounce, and platinum rising $6 to $1555 the troy ounce. Palladium climbed $9 to $438 while rhodium remained unchanged for a second day at $2310.00 per ounce…”
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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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