The prices gold and silver continued their rally and rose for the second consecutive business day. There were several news items that were released yesterday regarding Australia: RBA kept the interest rate unchanged at 3.5%; the Australian GDP fro Q2…
Major commodities traded in a mixed trend during the first day after the American National Holiday: WTI and Brent oil prices declined; on the other hand, gold and silver rose again for the second consecutive business day; natural gas Henry…
Yesterday, the U.S. Manufacturing ISM report was published; according to the recent update, the U.S. Manufacturing PMI index edged down to 49.6% during August 2012. The U.S. Manufacturing PMI is an index that estimates the economic progress of the U.S.…
The prices gold and silver traded up in recent weeks (see chart below). There are speculations that quantitative easing 3 will be announced soon by the FOMC. Bernanke’s speech didn’t suggest, in my humble opinion, that QE3 will be implemented…
There was no trading on Monday at Nymex or CME due to the an American National Holiday (Labor day): Brent oil edged up on the first trading day of the month; gold and silver remained unchanged but were traded up…
The prices gold and silver rose again during last week, and I suspect bullion rates will continue to rally during this week. The recent speech of Bernanke at Jackson Hole raised the expectations that another QE program is right around…