Last week brought along with it many news items that resulted in the strengthening of the US dollar against the Euro, Aussie dollar and Canadian dollar. The prices of gold and silver moved in the same direction and tumbled down…
The Bureau of Labor Statistics published its monthly update: Total U.S. employment rose by a higher than expected rate – according to the ADP report, private non-farm payroll increased by 130k during October: The latest U.S. employment report, which was…
The prices gold and silver changed direction again and slipped on Thursday. Their recent fall coincided with the depreciation of the Euro against the USD. The decision of ECB to cut down the cash rate to 0.25% – its lowest…
The gold and silver market remained nearly flat again as gold and silver prices slightly rose after they had declined a day earlier. But today and tomorrow precious metals and forex market could start to pick up especially if the…
The sharp fall of gold price during the year has taken its toll on gold producers such as Barrick Gold (NYSE: ABX). Moreover, the decline of precious metals prices has also adversely affected companies such as Silver Wheaton (NYSE: SLW)…
The price of natural gas sharply rose today as the EIA released its recent weekly update: the storage buildup was 35Bcf, which was lower than expected. Despite the low injection, it was still higher than the five year average. Moreover,…