Aside from the amalgam of worrisome news items coming from many corners of the globe ... the investment community is also looking with apprehension at economic news and has nothing to smile about.
More Quotes from Jon Nadler:
A number of respectable institutions raised their current year and 2007 forecasts for gold and more of them are no longer afraid of mentioning the word 'record' when it comes to future gold prices.Jon Nadler
We saw little evidence yesterday that the Godzilla-size footprints of funds bailing out of gold was present. We did see evidence overnight that millions of tiny (individual-investor) footprints make for an equal-size impact on gold -- in the opposite direction.
Jon Nadler
The gold price is now flirting with critical support levels (532-535), and it faces a possible short- to medium-term trough one that could even breach the 500 level.
Jon Nadler
Gold burst decisively through the 560 mark...even as many participants are out for the U.S. holiday.
Jon Nadler
Gold is as much a mirror of current human events as it is a barometer of future asset values.
Jon Nadler
There is that tug-of-war between would-be buyers and the traders who really are squaring the trading logs before we head into the weekend.
Jon Nadler
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