Who is Nadlers daddy?

coynclecter

I have been reading his stuff occasionally for over four years now and I don’t think I’ve ever seen a bullish outlook. In 2005 he claimed gold would be back in the 300s. In 2007 he said we’d be back under 600.

When the price is rising he claims it will correct soon and quotes someone who agrees. When the price is down he says it needs to rise back to where it was to show bullishness and that won’t happen. He is a perma gold bear.

Why would a guy continue to bash the product his company sells?? I used to think he was always trying to get panic sellers so they had product to resell, now Im not so sure. If he is expressing the opinion of Kitco it would make me wonder why they would have inventory of something they think will go down in value.

I would be real concerned if I had any investment pooled accounts of a company that claims the price will drop bigtime. Of course you can get delivery of product if you like but isn’t that what “fractional reserve” banking is all about?

Maybe Nadler job is to try to drop the price down to a level where many investors bought in. I wonder which direction his handlers have bet gold will be going?

DoubleEagle59

I agree. He seems to always be anti-PM.

It does puzzle me why he would be this way when you consider his position at Kitco.

I did speak with him once on the phone and he was very courteous and helpful.

roadrunner

By constantly calling for gold to drop big time he will eventually be right. And most everyone will remember the 1 or 2 people that called for a great washout....and never remember the hundreds of analysts who called the bull pretty well and rode it. Boy did he relish the spotlight when gold tanked in March of 2008. The I told you so's no doubt bouyed his spirits. So he's made one good call over the past 4-5 yrs....by always calling for a correction. His laurels for calling the 2008 crash are getting pretty musty again....time to find another wreath.

The more Nadler talks gold down the more sheeple he can scare into selling their product to Kitco. With products it's almost always about buying it and buying it right. The selling part usually takes care of iteself after that. I'm sure it makes money for kitco one way or another. Maybe there's a monthly pay check in it for them coming from JPMorgan.

roadrunner

Weiss

I've never followed him--at least not enough to put together an opinion. But you're absolutely right. I remember reading a couple of his editorials and thinking "what a Debbie Downer".

His post today is just as rotten, beginning: Gold prices tried to find support at lower levels overnight...

Tried?

jmski52

Nadler's style is to downgrade gold with backhanded compliments.

After awhile, it's almost like watching MSNBC - I can't take it in segments much longer than 30 seconds.

OnlyGoldIsMoney

I post at the kitco gold forum. By and large Nadler is not viewed as credible. Most posters are not overt in their criticism because it is after all Kitco's forum. His column is always prominent on the Kitco page but I stopped paying attention to him long ago.

coynclecter

My Question is "Why"?

Does he really believe gold is an obsolete, overpriced relic, is this Kitco's viewpoint? If so why are they in this business or why do they have such a non-believed advocating against thier product. He is at the top of thier commentary list everyday.

You'd think they'd sellout and find something they believe in, or find some spokesperson who believes in thier product. Or, is it that thier pooled accounts are understocked and they desperately need the price of gold to come down?

sbeverly

Maybe there's a monthly pay check in it for them coming from JPMorgan.

I've always believed that he supports a hidden agenda.

Just a small peek beneath the veneer of the worldwide economic situation would lead any logical thinking person to conclude
that the metals are a fairly safe place to be.

coynclecter

Nadlers "shot of the day"



<< <i>The latest round of gains in gold is however, (once again) unfolding against a background picture which show that investor interest is still lagging gold prices, based on the statistics which reveal that gold-oriented ETF vehicles actually lost 4.52 tonnes via redemption just last Friday. >>




SO according to Nadler, the price is going up even though investors don't want any. Maybe someone needs to explain to him that the Asians are buying gold coins and bars, not some paper certificate in an ETF.

Kip

<< <i>I have been reading his stuff occasionally for over four years now and I don’t think I’ve ever seen a bullish outlook. In 2005 he claimed gold would be back in the 300s. In 2007 he said we’d be back under 600.

When the price is rising he claims it will correct soon and quotes someone who agrees. When the price is down he says it needs to rise back to where it was to show bullishness and that won’t happen. He is a perma gold bear.

Why would a guy continue to bash the product his company sells?? I used to think he was always trying to get panic sellers so they had product to resell, now Im not so sure. If he is expressing the opinion of Kitco it would make me wonder why they would have inventory of something they think will go down in value.

I would be real concerned if I had any investment pooled accounts of a company that claims the price will drop bigtime. Of course you can get delivery of product if you like but isn’t that what “fractional reserve” banking is all about?

Maybe Nadler job is to try to drop the price down to a level where many investors bought in. I wonder which direction his handlers have bet gold will be going? >>



Doug Casey??

jmski52

Doug Casey??

Doug Casey and Nadler don't sound anything alike to me. Why would you think of Doug Casey?

coynclecter

Todays shots, gold is still higher than it was this weekend but,

"The market feels somewhat tired following yesterday’s surprise drop and could possibly take aim towards lower levels once again."


How about, after a sizable correction yesterday, gold has again started its drive to the upside? No, that would be positive statement.


and his closing

"The dollar remains near 1.45 against the euro and was last seen at 76.65 on the index – a 0.39 drop that should have had gold much higher by now…"

WHAT??? Should be higher? Aren't you the guy who thinks it should be 600?

Is there any way to short the Kitco pooled funds?? How much do you pay a janitor to vacuum an empty vault??

OnlyGoldIsMoney

<< <i>Nadlers "on the street" interview he says that Obamas plan to restrict bank investment will cause gold/pms to drop as it will limit thier ability to investment in the metals.

Can this idiot really NOT know that the US banks are the biggest SHORTS in the market or is he just a freakin liar with no scrupples at all. >>




I cannot see how he would not know that US banks are the biggest Shorts. I cannot agee with the term "idiot" - I believe "lackey" is more accurate.