China continues to raise voices of concern over its progress, Greece’s troubles are far from over (the talks over the debt restructuring should start this week) and Iran’s impact on the oil market is still unclear now that a nuclear…
The recent plunge in the price of gold took many, including your truly, by surprise. Well, the timing of the 2.2% drop in the price of gold on Monday, July 20th wasn’t expected – as any flash crash should be.…
The Greek drama continues, but for the financial markets the impact of the Greek debt crisis has weakened. Gold and silver prices took a sharp hit to the chin in the past week. Between the recovery of the USD and…
The talks over the Greek debt crisis have started to subside, even though the drama continues. But for now, Grisis averted. The U.S.-Iran deal is also a big headline that also created some waves in the financial markets mainly in…
The bullion market was also affected by the Greek debt drama as it shook up the financial markets. Despite the recent rise in volatility, the prices of both gold and silver only slightly decline on a weekly scale. Even the…
The big event of the week will be the aftermath of the Greek referendum — the results are in: 61% voted “No” against the bailout terms of the EU. Besides the Greek Drama, last week the non-farm payroll report was close…
The recent NFP report wasn’t far off the market estimates as 223K jobs were added back in June, albeit the overall it wasn’t too impressive with lower participation rate and no gain in wages. But for this week the main…
The U.S. non-farm payroll report showed a gain of 223K in June – close to market expectations. The ADP report estimated an increase of 237K jobs and the market expectations were at 231K, for June. The main sectors that expanded…
After a slow movement of gold and silver prices throughout most of the month, their prices took a turn and fell last week on account of the strengthening of the US dollar against the Euro and Yen. The Greeks, much…
It was supposed to be short week that will focus on the latest non-farm payroll report, alas the Greeks will take center stage again as they will have a referendum on the proposed bailout plan set on July 5th. Athens plead…