Gold and silver prices acted very unstable during last week as they sharply fell on Wednesday following the recent CME margin hike on gold trading, but soon after they have rallied. What is next for gold and silver prices this…
Category: Quantitative Easing
Recommended posts for the weekend – August 28
Bernanke’s speech in Jackson Hole didn’t bring any major stir up in the financial markets, but there is still high uncertainty in the markets in regards to the future economic progress in the US and Europe. Hurricane Irene that hit…
US CPI rose by 0.5% in July | S&P500 trade down– August 18th
In the recent report of the Bureau of Labor Statistics, the US inflation for July 2011 inclined by 0.5% or in annual terms it rose by 3.6%. The CPI without food and energy also rose by 0.2% during July…
The Ecstasy of gold | gold & silver weekly recap 8-12 August
Gold prices reached new highs last week as they have inclined very sharply during the first half of the week. But on Thursday and Friday gold price changed direction and declined mainly due to the CME margin hike of 22%…
FOMC to keep rates low through mid-2013
Yesterday, the Federal Open Market Committee convened to decide on the Fed’s monetary policy and US interest rate. As expected the FOMC decided to keep the US interest rate unchanged at 0% to 0.25%. In the meeting there were no…
S&P downgraded US’s credit rating from AAA to AA+
Standard and Poor’s, one of the most important rating agency worldwide, announced yesterday it downgraded the US credit rating from AAA to +AA; This is a one level drop. It’s also the first time in US history that the United…
U.S. GDP 2011 Q2 rose by only 1.3%
The bureau of economic analysis published today its advance estimate of U.S. GDP 2011 second quarter: According to the report, the growth rate of the real US GDP 2011 in the second quarter of 2011 reached 1.3%; according to the…
Gold & Silver Prices – Daily Outlook 23 June
Gold and silver prices rose yesterday, as they did throughout during recent days but they are currently traded sharply down following Ben Bernanke’s speech from yesterday. Let’s examine the news of the day related to the precious metals market for…
Recommended posts for the weekend – May 21
The debt crisis in Europe is among the major news that ended the week including the bailout funds that Portugal received from the IMF. Here are several recommended posts you may find interesting, some of them refer to the European…
Crude oil price in 2010 and outlook for 2011
As part of my series reviewing energy commodities in 2010, I present here the main changes that occur to crude oil price (WTI spot price) during 2010, and show what could affect crude oil price in 2011. Crude oil price…