Metals expert Jon Nadler talks about bullion prices and the commodities’ complex.
“The US dollar surged to a seven-month high against the euro early this morning, dragging gold and oil lower following their attempts to rally earlier this week. Bullion prices fell back to the psychologically important $1100 pivot point in overnight trading, as poor Indian demand and the aforementioned rise in the greenback tempered the enthusiasm with which the metal started the trading week.
The base metals and energy sector did not fare much better on the heels of the strength exhibited by the US currency. The GMFS Base Metals Index is off nearly 12% over the past 30 days, copper has lost nearly 50 cents since the beginning of the year, and black gold was last seen near $76.25 with a 75-cent loss on the day…”
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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.
About EQUITIES:
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