The price of natural gas spiked on Thursday and passed the $4 mark, following the drop in storage. According to the recent weekly EIA update, the storage extraction was 162Bcf. This week’s extraction was much higher than the five year…
The Bureau of Labor Statistics released its monthly report: Total U.S. employment improved as expected: According to the ADP report, private non-farm payroll rose by 215k during November: The recent U.S. employment report, which was published yesterday, December 7th, the…
Gold and silver changed course again and plummeted on Thursday. This time nearly erased all their gain from Wednesday. This erratic behavior is likely to continue today especially as the NF payroll report is released. The ADP estimated 215k jobs…
Gold and silver changed direction and after they had declined in the first two days of the week, they have changed direction yesterday and rallied. Their recent recovery, however, might not last long and could continue to be part of…
Precious metals prices resumed their downward trend during November. The minutes of the penultimate FOMC meeting of the year revealed its members discussed the importance of conveying to the public that tapering QE3 (if and when it starts) won’t…
The prices of gold and silver continued their downward trend and slightly fell for the second consecutive day. Their decline didn’t coincide with the depreciation of the USD against the Euro and Aussie dollar. The Reserve Bank of Australia has…