Is Wall Street Behind the Housing Rally?

The ongoing recovery of the housing market raised the concern that we are heading towards another bubble that could burst in the near future. In a recent article in the New York Times, the authors made the argument that big…

Gold and Silver Prices – Daily Outlook for June 11

Precious metals market cooled down last week with renewed speculations of the Fed tapering its current asset purchase program as the U.S economy is slowly recovering (or at least appears to recover). The week started with both gold and silver…

Gold and Euro Rallied on Monday – Recap June 10th

Leading commodities were traded in a mixed trend on the first business day of the week: Brent and WTI oil slipped on Monday; natural gas Henry Hub future (short term delivery) also moderately decreased yesterday; silver and gold bounced back…

Oil Weekly Outlook for June 10-14

The prices of crude oil (WTI and Brent) changed direction and bounced back during last week: WTI increased by 4.41%; Brent oil, by 4.15%. As a result, the gap between the Brent oil and WTI remained virtually flat; the gap…