Retails and foods services sales changed direction from last month and declined by 0.3% in October 2012 compared with September’s sales but were above the sales at October 2011. This news may have contributed to the rise in gold and…
Gold and silver remained virtually unchanged on the first day of the week as the Euro, Yen and other currencies remained unchanged yesterday. Yesterday’s Euro-group meeting was concluded with little headway as the EU ministers of finance approved Greece’s budget…
Many commodities were traded down on the first business day of the week: WTI oil and Brent oil slightly declined; the price of silver edged down while gold remained unchanged on Monday; natural gas Henry Hub future (December delivery) changed…
Gold and silver changed direction and rallied during last week. Will precious metals continue to rise during this week? As I have pointed out in the precious metals weekly outlook, there are several events and reports that could affect the…
The prices of gold and silver changed direction last week and rose. Will this rally continue this week? The U.S Presidential elections are over. The results of the elections may have contributed to the recovery of bullion rates. Back in…
During last week, major commodities prices zigzagged with high volatility; this includes oil, silver and gold. The U.S Presidential elections are over. In the 2008 elections the prices of commodities also shifted with high volatility during the week of the…