GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!

Friday, December 3, 2010

Jon Nadler, Gold Prices Must Wait for 2011

NEW YORK (TheStreet) -- Jon Nadler, senior analyst for Kitco.com, says gold is in for a volatile holiday season.
Jon Nadler,...: I think there waiting for the holidays frankly. Overnight sessions. Really looked very lackluster narrow ranges it's basically a dollar slash Euro situational. You know paradigm right now we're looking at. You know the ECB having left rates at 1%. Mr. trichet saying that yes the bond buying programs will continue through Q1. Next year. And of course that doesn't have any. -- stronger Euro and under the and the dollar still receiving a chairman of safe haven bids from this perceived potential contagion over in Europe so that's kind of dynamic. Thing you know it's it's keeping gold at least supported the change -- thirteen hundred's but it has thus far been unable. To penetrate it and over 14100 -- and try to recapture you know -- most recent pinnacle and so we have that is not -- still the threat of and cost more sizable corrections....

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