Jon Nadler: Where Might Gold Go?

Source: The Gold Report 

Jon Nadler, Kitco’s well-known senior investment products analyst, elicits both criticism and acclaim for opinions that some characterize as contrarian. In this installment of an exclusive interview with The Gold Report, he brings his three decades of experience to bear (no pun intended) on the outlook for gold, promoting the precious metal as a key asset in a balanced portfolio, as well as for its intrinsic value and “insurance” attributes.

The Gold Report: Economic theory tells us gold should be taking off, given all the uncertainty in the marketplace. But we haven’t seen that happen. What is going on?

Jon…

Central Banks to slow gold sales

Sales of gold by European central banks are likely to be lower than expected over the next year as the global banking crisis boosts bullion’s appeal as a “safe” reserve asset.

And banks elsewhere in the world, most notably in Asia and the Middle East, may even become buyers of gold in an attempt to diversify their reserves away from the U.S. dollar, analysts say.
Under the terms of the Central Bank Gold Agreement, signed in 1999 by key European institutions including Germany’s Bundesbank and the European Central Bank and renewed in 2004, members can sell up to 500 tonnes of gold…

Rejoicing in the Woes of Silver

If diamonds are a girl’s best friend, and everything that glitters is gold, where did silver go wrong?

This is precisely the question making the rounds among precious metals enthusiasts these days. How is it that silver took such a beating recently, while gold escaped relatively unscathed? Was it, as some suggest, manipulation by a dark, totalitarian cohort that seeks to rule the world and all its wealth with impunity? Was it the collusion of banks looking to profit from a manipulative short sale scheme?

Those claims we’ll address when time and space permit.

But first, the damage assessment.

Silver stocks were…