Jon "No Nads, the Jewelry Man" Nadler got 20 full minutes on Bloomberg radio during the 7:20 drive time hour this morning. He called for an almost immediate drop of $100 in gold to $850 citing all of his typical bearish reasons and almost immediately the price of gold started dropping falling $7 within 30 minutes of his interview. The person interviewing Nadler brought up the fact that China was buying gold. Nadler agreed but said "China won't shoot themselves in the foot and continue buying". Wow...that's a new one that I hadn't heard even No Nads spew out before. Behold the Power of the Jewelry Man.
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