KITCO's Jon Nadler Analysis, recycling news,metal news,scrap price updates

KITCO's Jon Nadler Analysis

Updated 03:07:11 UST, 23 Feb 2012

Gold, silver heads lower, traders not buying on dips

By Jon Nadler
Gold and silver prices headed lower this morning while platinum and palladium extended their Tuesday rally with fairly hefty additional gains. Gold retreated towards the $1,750 area while silver fell back to near the $34 level as profit-takers moved in following yesterday’s Sino-Euro-news-induced euphoria. Platinum vaulted to the $1,721 mark on the offer side and narrowed its gap with gold to $70 while palladiumadvanced…

Speculative activity in gold subsides after the January rally

Precious metals opened firmer across the board after a day of respite in New York on Monday. Gold traded around $1,745 showing a gain of about $12 while silver climbed a quarter dollar to near $33.90 per ounce.
Metals complex trades in atypical pattern, gold in risk asset pattern

It is once again tally time in the area of the fundamental components of gold supply and demand. The past year has presented a somewhat fractured picture in such metrics despite (or perhaps owing to) record prices having been achieved in the cash price of the yellow metal.
Gold trades range bound at 1709-1763 levels

Precious metals opened firmer on the heels of the â€œrisk-onâ€ sentiment engendered by the PBOCâ€™s statements but remained confined to fairly well-defined trading ranges after having spent the past two sessions simply drifting without energy. One Marketwatch headline noted â€œBlue Skies Over Wall Streetâ€ this morning
Change likely in gold-dollar relationship, gold to under perform

The Standard Bank (SA) daily commodities report notes that, according to CFTC data, speculators boosted their long positions in gold albeit at a lesser clip than they did in the preceding reporting period. Notably, the amount of short positions resumed its gain for the first time in four weeks.
Precious metals weak amidst Greek austerity measures

Precious metals showed weak trends this week amidst agreement on furrther austerity measures to resolve the Greek debt crisis
Precious metals weaken under selling pressure

Platinum prices lost $14 per ounce to trade at $1,607 on the bid-side and palladium fell $12 to the $694 mark per ounce. Both noble metals showed notable improvements in their speculative net-long positioning, according to the latest CFTC trading data.
Gold, first level support near $1,746, second level $1733

First level support in gold is thought to reside near $1,746 and then at $1,733 per ounce in gold
Commodity performance on overcooked enthusiasm

Spot metals dealings opened higher across the board on Wednesday as the specs extended that which they successfully carried out in January for yet another session's worth
Greece turmoil takes the center stage

Practically every news poll conducted over the past few days concluded that Greece and its private creditors might reach an agreement this week (perhaps even today) and that following such a handshake between the parties the country would commence discussions for a second.
Precious metals open higher awaiting US data

Precious metals - with the exception of palladium-opened mildly higher this morning in New York as players awaited US GDP and consumer sentiment data with a degree of caution and as profit-takers stood by to possibly pull the trigger on certain assets following recent spikes
'Buying syndrome' boost metals' complex

Momentum players pulled the buy trigger on precious and base metals, along with crude oil and equities, yesterday afternoon, after they concluded that the Fed's offer to not hike interest rates until late 2014 was tantamount to a fresh QE program
Gold prices weak ahead of FOMC meet

For the moment, it would appear that Mr. Bernankeâ€™s institution wants to do very little to upset the US economic apple cart (expected to make progress at the rate of about 3% this year).

More on KITCO's Jon Nadler Analysis

Scrap Industry Events

envecon 2012: Applied Environmental Economics Conference
Date : 9th March, 2012
GLOBALCON 2012
Date : 7th March, 2012

Scrap Equipment

CRM-50 Cable Granulator…
The CRM-50 is an ideal solutions for small shops, scrap yards, and ele
Wire & Cable Stripper
Brand new Wire and Cable stripper available (in stock). Heavy duty wi
Suspended Electromagnetic…
Safely and automatically remove ferrous metals from heavy product flow

More ++

Renewable Recycling

Transparent conductors market in PV industry to grow 30% in 2012

The total market for Transparent Conductors (TC) in Photovoltaic (PV) industry is expected to grow at a CAGR of over…
Waterfront Place hotel gifts $25000 to Remember The Miners

Waterfront Place hotel in Morgantown announced a donation of $25000 to Remember The Miners for its public awareness campaign dedicated…
Fuel cell adoption to rise on likely significant fall in prices: Pike Research

he prices of fuel-cell based systems, across a range of applications, are expected to decline significantly in the next few…