Major commodities traded in a mixed trend during Wednesday: WTI oil price edged up while Brent oil price declined; further, gold and silver changed direction and decreased yesterday, after they had risen for two consecutive business days; natural gas Henry…
The prices gold and silver continued their rally and rose for the second consecutive business day. There were several news items that were released yesterday regarding Australia: RBA kept the interest rate unchanged at 3.5%; the Australian GDP fro Q2…
Major commodities traded in a mixed trend during the first day after the American National Holiday: WTI and Brent oil prices declined; on the other hand, gold and silver rose again for the second consecutive business day; natural gas Henry…
The prices gold and silver traded up in recent weeks (see chart below). There are speculations that quantitative easing 3 will be announced soon by the FOMC. Bernanke’s speech didn’t suggest, in my humble opinion, that QE3 will be implemented…
There was no trading on Monday at Nymex or CME due to the an American National Holiday (Labor day): Brent oil edged up on the first trading day of the month; gold and silver remained unchanged but were traded up…
The prices gold and silver rose again during last week, and I suspect bullion rates will continue to rally during this week. The recent speech of Bernanke at Jackson Hole raised the expectations that another QE program is right around…
During last week, gold and silver prices rose, mainly on Friday following Bernanke’s speech at Jackson Hole. Despite the recent rally of bullion prices, I still think it’s too early to expect another QE program. There were several other reports…
During last week, the prices of precious metals rallied mainly on the last day of the week following Ben Bernanke’s speech that rekindled the expectations of another QE program in the near future. I still think it’s too early to…
Precious metals prices didn’t do much during the first couple of weeks of August but then they both rallied as the renewed expectations of another stimulus plan by the Fed reignited the bullion market. The rise of Euro/USD coincided with…
Precious metals prices hiked on the last day of the week, following Ben Bernanke speech that raised expectations of many precious metals traders that another quantitative easing plan might be announced by the FOMC in the near future. Despite the…