According to the latest U.S. Census Bureau report about the new residential construction statistics for May 2012, the annual rate of housing starts declined while the rate of building permits rose. This report sends another mixed signal of the development…
Gold and silver prices started off the week on a negative note as both precious metals edged down on Monday. Crude oil price (WTI) also declined. Natural gas Henry Hub (July delivery) continued to rally and hiked again. The Euro…
Gold and silver ended on a positive note and may continue throughout the first day of the week. According the results of the recent Greek elections the Pro-bailout parties won and will try to form a coalition. This news eases the concerns (for…
Last week gold and silver prices didn’t do much; Gold had a steady upward trend; silver increased every day except on Thursday. Despite the testimony of Bernanke from the previous week, the speculations continue to run high of the Fed…
In the upcoming FOMC meeting to be held between June 19 and 20 many bullion traders will pay close attention to the FOMC statement and Bernanke’s press conference. If there will be so much a whiff of another stimulus plan…
Crude oil prices didn’t do much last week as the WTI nearly didn’t change on a weekly scale, while Brent oil declined by over 2%. The Brent premium over WTI edged down to $13-$14 range. The recent OPEC meeting was…