Gold and silver prices closed the week with very dramatic falls; the recent announcement by CME of a raise in margins requirements for gold and silver trading didn’t help precious metals traders. Gold and silver prices suffered the sharpest single…
Major commodities suffered one of the sharpest declines of 2011: Gold and silver prices sharply decreased as many attribute the catalyst for this reaction was the recent decision of the FOMC to purchase $400 billion long term securities by the…
Major commodities changed direction again and yesterday most of the commodities prices declined. The major announcement came yesterday as the FOMC decided to purchase additional long term securities at $400 billion by the end of June 2012. Gold price slightly…
Crude oil prices declined yesterday and currently they continue to trade sharply down. The FOMC announcement to purchase $400 billion LT securities didn’t receive a warm reaction in the financial markets as the US stock markets sharply fell. The USD…
In the recent Energy Information Administration petroleum report there is an analysis of the recent sanctions on Syria and its effect on the oil market. According to the EIA the disruption in Syria’s oil output won’t have a strong impact…
The US existing homes sales rate rose in August 2011 by 7.7%; this news comes despite the ongoing tight credit problems in the US and the slowdown in housing starts fell in August. According to the recent report of the…
Following the two day meeting of the Federal Open Market Committee, it was decided that there won’t be another quantitative easing plan for now that will expand the Fed’s balance sheet; it was decided that the Fed will purchase $400…
Crude oil prices changed direction and slightly inclined yesterday. The depreciation of USD against major currencies such as Euro, AUD and CAD might be among the factors that affected oil prices to trade up yesterday. Today, the EIA oil stockpiles…
Major commodities rebounded from the sharp falls they have endured on Monday and ended yesterday with moderate rises. Gold and silver prices rose but are still below their initial level from the beginning of September; crude oil prices changed direction…
According to the recent U.S. Census Bureau report of the new residential construction statistics for August 2011 there was an increase in building permits, but there was a drop in housing starts. The seasonally adjusted annual rate of building permits…