The bullion market shifted gear and both gold and silver bounced back yesterday, following their plunge during last week. The Italian elections resulted in a deadlock which may have led to the weak Euro. This news, however, didn’t seem to…
The Chairmen of the Federal Reserve Ben Bernanke testified today in before the January FOMC meeting. In his testimony Bernanke remained dovish regarding the FOMC monetary policy. He stated that the current policy of low interest rates and asset purchase…
Chesapeake Energy Corporation (NYSE: CHK) came a long way during 2012. Its cash flow problem that led the company to take a $4 billion loan resulted in a rise in the company’s probability of default; it also raised investors’ concerns…
Many commodities were mostly traded up on the first business day of the week: the prices of Brent oil slightly increased while WTI oil edged down on Monday; natural gas Henry Hub future (short term delivery) continued last week’s rally…
The prices of silver and gold continued to tumble down during last week. Their downward trend may have been ignited by publication of the minutes of the FOMC meeting that raised the speculation around the future steps of the FOMC…
Gold and silver prices continued to trade down during last week. The speculations around the future moves of the FOMC regarding its monetary policy including the QE3 program time-frame may have contributed to the rise in the bearish market sentiment…