Yesterday, the U.S. Census Bureau reported on US new homes sales for August 2011 and it showed another drop in number of homes sold compared with July’s numbers. According to the report, in August 2011 the annual rate of number…
Category: Natural Gas
Weekly Outlook for September 26-30
Following the turbulence in the financial markets during the second part of last week with the FOMC stimulus plan and the CME decision to raise margins on gold and silver contracts, this week the financial markets will continue to dwell…
Natural Gas Prices– Weekly Recap 19-23 September
Natural gas market didn’t shift as the crude oil market did last week, but natural gas prices did come down during the week. By the end of the week, the Nymex Henry Hub Future Price (October delivery) reached $3.70/ MMbtu,…
Gold and Silver Plummeted | CME Margin Hike Fueled Drop –September 23
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…
Natural Gas Storage Gained 88Bcf Last Week – September 23
The natural gas prices started to decline in recent days over the decline in US demand for natural gas for cooling purposes. Here is a summary of the recent U.S natural gas market EIA report regarding the week ending on…
Gold Silver and Oil Sharply Declined – Daily Recap September 22
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…
Gold Price Slightly Slipped | Oil Prices Declined – September 21
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…
Gold Silver and Oil Rebounded from Monday’s falls– September 20
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…
Gold and Silver Prices Started The Week Sharply Falling – September 19
Gold and silver prices changed direction again and ended yesterday sharply decreasing; crude oil prices continued last week’s trend and declined as well; natural gas spot price (Henry Hub) also declined yesterday. Here is a summary of the price movements…
Weekly Outlook for September 19-23
This upcoming week brings many news items that could affect the commodities market including crude oil, gold and silver. The main events will be the FOMC meeting on Wednesday and the IMF meeting to be held over the weekend. Additional…