The big news from SNB eclipsed all other news items from last week as the Swiss franc sharply rose against leading currencies including the Euro and U.S. dollar. This news may have also provided additional backwind for commodities such as…
Our weekly podcast came just in time after the shocking removal of the EUR/CHF floor. We begin with this and move on the very correlated upcoming event: the upcoming ECB meeting in which QE is on the cards. We then…
SPDR Gold Trust (GLD) started off 2015 with a 3% gain, which basically erased the losses incurred in the last three week of 2014. The recent recovery in the price of gold was partly related to the depreciation of the…
The ongoing weakness in oil market has also dragged down the price of United States Oil Fund (USO), which has fallen by 10% since the beginning of year. Is Saudi Arabia capable of further driving down the price of oil?…
United States Natural Gas (UNG) started off the year with a modest gain of 1.5% (up to date). The larger than expected extraction from storage may have provided some back-wind for the recent gain in natural gas. But it’s too…
Gold and silver kicked off the year on a positive note as both precious metals rallied during last week. The release of the minutes of the FOMC meeting from December didn’t seem to have a strong adverse impact on bullion…
EUR/USD had a spectacular crash in the wake of 2015. We explain what’s behind it, what is already priced in and what isn’t. The Fed is seems to be smooth sailing towards hiking, but there are bumps on the road and data…
The price of iShares Silver Trust (SLV) fell again by 1.6%. The recovery of SLV remains questionable anytime soon as the U.S. economy keeps showing signs of recovery and the FOMC is slowly setting the ground work for a rate…
The prices of gold and silver took another tumble to end the year on a negative note. This week will the first full working week of 2015 that is likely to see a rise in volatility. This week the main…
Barrick Gold (ABX) recently announced that the Supreme Court of Chile didn’t approve its appeal of a lower court ruling vis-à-vis sanctions imposed on the company’s Pascua-Lama mine by the country’s environmental regulator. This news could set back the development…