Precious metals continue to zigzag as both gold and silver changed course again and fell during yesterday. Several U.S reports showed a mixed signal as to the progress of the U.S economy: the flash manufacturing PMI (opens pdf) for April…
Leading commodities prices changed direction and fell on the second business day of the week: the prices of Brent and WTI oil edged down on Tuesday; natural gas Henry Hub future (short term delivery) tumbled down again yesterday; silver and…
The U.S. Census Bureau reported (opens pdf) today on the developments in number of new homes sold in the U.S during March 2013: the number of new homes sales declined compared with the number of new homes sold during February…
The week started on a positive note for both gold and silver as they bounced back from their plunge during last week. Yesterday, it was reported that U.S existing home sales slipped in March on account of limited inventory. The…
Leading commodities prices rose again on the first business day of the week: the prices of Brent and WTI oil increased on Monday; natural gas Henry Hub future (short term delivery) changed direction and tumbled down yesterday; silver and gold…
Gold and silver tumbled down during last week. Will gold and silver change course and rally this week? As I have stated in the recent precious metals weekly outlook, several reports may affect bullion rates. These items include: U.S new…
Gold and silver tumbled down again during the previous week. The shift in market sentiment may have been the main catalyst for the tumble in gold and silver mainly on the first day of the week. During last week it…
Last week was characterized with high volatility, in which gold and silver fell precipitately, other commodities such as oil also fell, the Euro and Aussie dollar depreciated against the USD and natural gas spiked. The upcoming week might not be…
The precious metals market just recorded one of its worst performing week in years. The price of gold tumbled down by 7% and silver by almost 13%. I could go over the main reports of the week (and I will)…
Leading commodities traded mostly up on the last business day of the week: the price of Brent and the price of WTI oil rose on Friday; natural gas Henry Hub future (short term delivery) also slightly increased yesterday; silver continued…