Yesterday, the ninth survey of 2012 for the Philly Fed Manufacturing Index for September was published. This survey estimates the U.S. manufacturing conditions. According to the recent survey the conditions have slightly improved again but the index was still negative…
Major commodities traded in a mixed trend on Thursday: WTI oil edged down while Brent oil hiked after it had declined for three consecutive days; gold slipped while silver declined; natural gas Henry Hub future (October delivery) and spot price…
The prices gold and silver didn’t do much yesterday again even though there were sharp falls in other commodities markets most notably the drop in oil prices. Housing starts rose by 2.3% in August while building permits declined. Existing home…
Major energy commodities tumbled down again on Wednesday: WTI oil and Brent oil fell for the third consecutive day; gold and silver remained nearly unchanged despite the decline of other commodities prices; natural gas Henry Hub future (October delivery) slipped…
The prices gold and silver continued their slow movements and edged up despite the sharp fall in the prices of other commodities prices such as crude oil or the deprecation of the Euro and other “risk currencies” during Tuesday. Will…
According to the recent U.S. Census Bureau report regarding the new residential construction statistics for August 2012, the annual rate of housing starts increased while the rate of building permits declined. This report sends a mixed signal as to the…
Major energy commodities traded down again on Tuesday: WTI oil and Brent oil declined for the second consecutive day; gold and silver also edged up despite the fall of other commodities prices; natural gas Henry Hub future (October delivery) and…
The prices gold and silver changed direction and slipped on the first day of the week after they had risen during the past couple of weeks. Major commodities and stocks also declined on Monday. The bullion market seems to have…
Major commodities traded down on Monday: WTI oil and Brent oil changed direction and declined; gold and silver also edged down despite the announced of the FOMC on QE3 last week; natural gas Henry Hub future (October delivery) and spot…
The prices gold and silver continued to rally during last week, mainly following the announcement of the FOMC to commence QE3, in which it will start buying mortgage backed securities at a rate of $40 billion per month. This time,…