Precious metals rates resumed their downward trend during last week. Their sharpest decline came on Friday following the publication of the U.S non-farm payroll report, in which 171k jobs were added during October. This positive report slightly eased the concerns…
Crude oil prices decreased again during most of week. The recent positive news of the rise in U.S employment during October seems to have had an unexpected negative effect on oil prices. The difference between Brent and WTI declined during…
Natural gas (short term delivery) started off the week with a hike of nearly 12%. Despite this hike, during the rest of the week the price natural gas had a downward trend. The NG storage rose again at a slower…
Crude oil prices declined again during last week. The recent positive news of the rise in the U.S GDP by 2% during the third quarter seems to only slightly affect oil prices. The difference between Brent and WTI rose during…
Natural gas (short term delivery) and spot price declined during most of last week. Following these shifts the difference between future and spot contracted but remained in Contango throughout most of the week. The NG storage increased again at a…
Precious metals rates slightly declined during last week. The FOMC meeting concluded, as expected, with no resolutions or any big headlines. Therefore, the FOMC statement didn’t have much of an impact on gold and silver prices. There were several reports…
Precious metals prices resumed their downward trend as both metals declined during most of last week. The EU Summit did result in any big headlines as Spain did ask for a bailout. There were several reports published last week that…
Crude oil prices changed direction again and traded down during last week. The recent positive news of the rise in the Philly fed index didn’t seem to curb the drop in the oil prices. The difference between Brent and WTI…
Natural gas (short term delivery) and spot price started off the week falling but they changed direction and more than regained their loss from the beginning of the week. Following these changes the difference between future and spot contracted but…
Precious metals prices didn’t do much during last week as they continue to show modest movements. The anticlimax in the precious metals market following the FOMC decision to launch QE3 back in mid-September continues. There were several reports that were…