Gold and silver prices closed the week with very dramatic falls; the recent announcement by CME of a raise in margins requirements for gold and silver trading didn’t help precious metals traders. Gold and silver prices suffered the sharpest single…
Following the sharp falls in the precious metals prices, there was another news item that helped gold and silver prices to fall the flight of stairs: the CME (Chicago Mercantile Exchange) announced it will raise margins on gold and silver…
The decision of FOMC to purchase $400 billion worth of Long Term Securities by selling Short Term Securities by the end of June 2012, may have triggered a sharp reaction in the financial markets that turned into a sharp drop…
Major commodities suffered one of the sharpest declines of 2011: Gold and silver prices sharply decreased as many attribute the catalyst for this reaction was the recent decision of the FOMC to purchase $400 billion long term securities by the…
The FOMC decision to purchase $400 billion LT securities is likely to continue affecting in small doses the financial markets throughout June 2012 when the program will end. But currently the financial markets don’t seem to be pleased with this…
Major commodities changed direction again and yesterday most of the commodities prices declined. The major announcement came yesterday as the FOMC decided to purchase additional long term securities at $400 billion by the end of June 2012. Gold price slightly…
Gold and silver prices continue to zigzag as they have bounced back yesterday from Monday’s falls. During September gold price changed direction eleven times (on a daily scale) out of the past 13 business days. The FOMC meeting started yesterday…
Major commodities rebounded from the sharp falls they have endured on Monday and ended yesterday with moderate rises. Gold and silver prices rose but are still below their initial level from the beginning of September; crude oil prices changed direction…
Gold and silver prices sharply fell yesterday after they had inclined on Friday. The recent news from the European debt crisis comes from Italy, as S&P downgraded Italy’s credit rating from +A to A. Furthermore, the IMF lowered global economic…
Gold and silver prices changed direction again and ended yesterday sharply decreasing; crude oil prices continued last week’s trend and declined as well; natural gas spot price (Henry Hub) also declined yesterday. Here is a summary of the price movements…