PGM
Gold 1216.70 -0.08%
Platinum 1534.00 +0.52%
Palladium 450.00 +0.67%
Rhodium 2390.00 -1.65%
Silver 18.22 -0.02%
-Jon Nadler is a idiot---On the day when gold hit an intermediate low around 690, Nadler was predicting 480. Instead it's gone past 1250 I wouldn't trust a kitco paid employee
OCT-09 gold price --$1040
Miners have dumped $40 billion into new projects since 2001, the magazine notes. Output is up 7 percent in just the first six months of the year. Meanwhile, industrial demand is falling on a weak economy. Simultaneously, retail investors have dropped billions into gold via ETFs in hopes of a big payday ahead. As a result, gold now has "some of the poorest fundamentals I've seen in the market for a long time," Kitco analyst Jon Nadler told the magazine. Kitco is a bullion dealer in Montreal. - Money News