Precious metals prices zigzagged throughout the week with an unclear trend despite the deprecation of the Euro and other “risk currencies” during last week. There were several reports that were published during the previous week: the U.S GDP growth rate…
Gold and silver ended on a positive note and may continue throughout the first day of the week. According the results of the recent Greek elections the Pro-bailout parties won and will try to form a coalition. This news eases the concerns (for…
Last week gold and silver prices didn’t do much; Gold had a steady upward trend; silver increased every day except on Thursday. Despite the testimony of Bernanke from the previous week, the speculations continue to run high of the Fed…
In the upcoming FOMC meeting to be held between June 19 and 20 many bullion traders will pay close attention to the FOMC statement and Bernanke’s press conference. If there will be so much a whiff of another stimulus plan…
The Greek elections will be held on Sunday and the aftermath of these elections could stir up the financial markets. Over the weekend the IMF urged Europe to help Irish banks. The main event of the week besides the Greek…
Precious metals market tumbled down during most of the month along with many other markets including other commodities, stocks and foreign exchange markets. Both gold and silver were headed for their worst performing month of the year. The current rates…
Last week gold and silver prices continued with their downward trend during most of the week up to Thursday. Will this downward trend continue as we are entering the last week of May? This upcoming week there are items on…
The bets are running high on the speculation around the possibility of Greece exiting the European Union AKA Grexit. How plausible is this scenario? And how such an event might affect the prices of gold and silver? Let’s examine these…
The commodities markets including gold and crude oil market didn’t do much during last week on a weekly scale despite the strengthening of the U.S. during last week over the Greek debt crisis, the strong U.S. non-farm payroll employment numbers…
One of the major news events that may affect the financial markets, besides the results from Super Tuesday, is the ramifications in case Greece will default on its debt. Let’s examine, how, if at all, such a scenario will affect…