The prices of gold and silver bounced back and rose during most of last week despite the recent speculations around the future steps of the FOMC. Specifically, the minutes of the last FOMC meeting revealed the concerns of several members…
The short term future rate of natural gas (June delivery) rallied during most of last week. By the end of the week the Henry Hub future (short term delivery) increased by 4.49%. Based on the latest EIA natural gas storage…
Precious metals changed direction and rallied on Thursday following the decline in the U.S equity markets. The sharp drop in the Japanese equity markets may have dragged down along with it the Japanese yen and other equity markets. In the…
Precious metals continued to trade down following the recent testimony of Bernanke and the publication of the minutes of the May FOMC meeting. The speculations around the Fed’s potential tapering of the QE3 program may have contributed to the fall…
The recent testimony of Bernanke in Congress didn’t reveal anything new: He continued to say that the Fed’s current asset purchase program is important for keeping the U.S economy on its road to recovery. At the same time, he didn’t…
Precious metals changed directions and fell yesterday. Their decline coincided with the rally of U.S equity markets. Conversely, the Euro and other leading “risk related currencies” also rose yesterday. Today, the Fed will publish the minutes of the April/May meeting.…