Precious metals prices changed directions several times during the week only the end it not much different from the end of last week’s prices. There were many reports and events that affected not only the bullion market, but also other…
Crude oil prices declined during most of the week until Friday when both WTI and Brent oil prices hiked following the better than expected non-farm payroll report. Further, the premium of Brent over WTI also grew. On the other hand…
Natural gas prices started the week on a positive note but this trend has changed on during the second part of the week. By the end of the week natural gas rates tumbled down. I have referred to this change…
Precious metals started off the week in the same direction from the previous week – trading down. This direction changed coming Wednesday when both metals along with other commodities rates and “risk currencies” rose. The news of the contraction of…
Crude oil prices started the week with very sharp falls that changed to gains throughout the rest of the week. Further, the premium of Brent over WTI also expanded. The news of the decline in new home sales and pending…
Natural gas prices started off the week rising but soon after they have changed direction and tumbled down throughout the remainder of week. Following these developments the difference between future and spot shifted from Contango to Backwardation. The NG storage…
Precious metals resumed their slow descent during the week after they had rallied in the previous week. Despite the hopes of many that Bernanke will hint of stimulus plan in the near future, he didn’t comply and in his testimonies…
Crude oil prices continued to rally during last week. Further, the gap between Brent and WTI was also expanded. The news of the increase in the Philly Fed index and housing starts may have contributed to the increase in oil…
Natural gas prices resumed their upward trend hiked during most of last week. Following these developments the difference between future and spot shifted from Backwardation back to Contango. The recent rise in oil prices during last week may have contributed…
Precious metals changed direction and after they had declined during the first week of July they managed to rally on the second week. The publication of the minutes of the FOMC meeting from back in June didn’t reveal anything earth…