Gold and silver declined for the second consecutive day after the FOMC didn’t announce any additional monetary expansion plans. As I have pointed out, without another QE program, gold and silver will likely to remain flat. The U.S manufacturing PMI…
The Fed announced it won’t change its monetary policy and keep its ongoing plans of extending operation twist and keeping low rates until late 2014. The FOMC stated it sees signs of slowdown in the U.S. economy. Currently gold and…
The recent developments in U.S and Europe raised again the talks over the changes in the monetary policies of the major central banks. Many anticipate there will be some sort of quantitative easing in the U.S and Europe during this…
Precious metals prices continued to present an unclear trend during most of the month. The fall and rise of Euro/USD coincided with the movement of precious metals prices. Will this unclear trend continue in August? The main events of the…
It seems that Barrick Gold Corporation (NYSE: ABX) just can’t catch a break. The company lost in a couple of trails in South America; one trail referred to the company’s attempt to block Goldcorp Inc.’s 2010 from purchasing a majority…
The price of gold increased very rapidly in the last few years. Many bullion traders bet that gold will continue to rise in the years to follow and thus maintain their long position. In light of the recent developments in…
Last week gold and silver prices didn’t do much at the first few days of the week but after the Fourth of July Vacation precious metals tumbled down. This decline was mostly likely due to the ECB rate reduction from…
The oil market heated up in the past couple of weeks; after oil price had tumbled down during most of May and June, on the last day of June oil prices took a sharp turn and hiked. Since then there…
Precious metals prices didn’t do much on a monthly scale even though there were many events and news items that shifted gold and silver from gains to losses with an unclear trend. The FOMC decision to extend operation twist on…
The Fed announced it will continue its operation twist in which the Federal Reserve will extend the average maturity of its holdings of securities. This operation twist was first started back in September and was suppose to end this month.…