The prices of gold and silver resumed their downward trend during last week. The FOMC’s decision to taper QE3 by $10 billion to $75 billion crowded out the other headlines from the FOMC press conference including the talks about keeping…
During last week, the markets moved in high gear as the anticipated FOMC meeting concluded with a mini-tapering of $10 billion so that next month’s QE3 will only be of $75 billion LTS and MBS. Moreover, the FOMC also assured…
Oil price (WTI and Brent) rallied last week: WTI rose by 1.8%; Brent oil, by 2.82%. As a result, the gap of Brent oil over WTI slightly expanded: The premium ranged between $11.83 and $13.19. Last week, the EIA’s weekly…
During last week many headlines were published and could have had a strong effect on the direction of gold and silver. In particular, the latest FOMC decision in which the Fed decided to start tapering QE3 from January by $10…
The price of natural gas changed direction and tumbled down during the most of the week. Alas on Thursday, following the release of the updated EIA report, in which the natural gas storage plummeted by 285 Bcf, the price of…
The FOMC may have concluded its meeting and announced its changes to policy on Wednesday evening, but the sharp drop in prices of gold and silver only came on Thursday. In other news: The U.S jobless claims rose by 10k…