Beverly Hills 2/18/2010 4:06:59 AM
News / Business

Truth in Numbers

Jon Nadler’s The Daily Nugget Blog, EQUITIES Magazine

Gold expert Jon Nadler gives his take on precious metals complex this week.

“Gold continued to orbit near the $1120 level during overnight trading overseas, as the US dollar regained a bit (0.21 on the index) composure following yesterday’s slide that brought it near the 79.60 zone rather swiftly. An overnight/early morning high of $1128.00 basis spot offer was recorded in the yellow metal as one sizeable wave of buying rolled through the market around the 8 o’clock hour. Bullion prices last traded at near that number during an early February rally. Physical demand was slack in overnight dealings, as locals in India were seen holding off for sub-$1100 bargains once again.

The steadiness in gold reflected the combination of US dollar consolidation patterns and the intense investor focus on the euro. Although no concrete problem-solving announcements made their way into the financial press over the past couple of days, there are some rising perceptions that the common currency had been oversold (literally). At last check, the euro was trading at 1.372 against the greenback. Risk appetite was also manifest in crude oil values, which were last seen at just above the $77.50 level following yesterday’s rally….”

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.

 

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