Today, the seventh survey of 2012 for the Philly Fed Manufacturing Index for July was published: this survey estimates the U.S. manufacturing conditions have slightly improved by are still deteriorating; the Philly Fed index rose from -16.6 in June to…
Gold and silver edged down again for the second consecutive day. The recent testimony of Bernanke didn’t offer any hints of the future steps of the FOMC. Bernanke voiced his concerns for the slow decline in rate of unemployment and…
Crude oil prices including both WTI and Brent continued to trade up and rose for the fourth consecutive day; gold and silver rates edged down for the second consecutive day. Natural gas Henry Hub (August delivery) and spot price also…
According to the recent U.S. Census Bureau report about the new residential construction statistics for June 2012, the annual rate of housing starts declined while the rate of building permits rose. This report sends a mixed signal of the progress…
Gold and silver didn’t do much on the first day of the week as both precious metals edged down. The U.S retails sales report for June came out yesterday and showed a slight decrease of 0.5% (M-OM). Currently gold and…
Major commodities didn’t do much during the first day of the week. Crude oil prices including both WTI and Brent continued their rally on Monday; gold and silver rates changed direction and after they had increased on Friday, on Monday…
Retails and foods services sales edged down again in June 2012 compared with May’s sales, but were above the sales at June 2011. The U.S. Department of Commerce published its monthly report on the developments in the U.S. retail and…
Gold and silver bounced back on the last day of last week but this rally might not last long. According to the recent Chinese GDP report for Q2, China expanded by only 7.6 in annual terms. There are many items…
Last week gold and silver prices bounced back on the second week of July after they had declined during the first week of the month. The minutes of the FOMC meeting came out but didn’t show any hints of a…
Crude oil prices changed direction and rose during most of last week. The recent OPEC report and IEA monthly update didn’t show a significant change from the previous reports. The disappointing GDP growth rate of China for Q2 2012 may…