The Greek elections will be held on Sunday and the aftermath of these elections could stir up the financial markets. Over the weekend the IMF urged Europe to help Irish banks. The main event of the week besides the Greek…
Precious metals prices have had an upward trend during last week. Gold rose every day of the week; silver increased every day as well except on Thursday. The speculation continues to run high about the possibility of the Fed introducing…
Crude oil continued to trade down during the previous week. The news from the U.S showed the U.S economy isn’t expanding: U.S retail sales edged down in May; U.S CPI and PPI also declined. OECD oil inventories also increased while…
Natural gas market started to heat up again as natural gas future price hiked on Thursday following the U.S EIA NG report. According to the recent NG storage update, there was a 67 bcf injection, which is nearly 2 Bcf…
Gold and silver prices finished the week on a positive note as both precious metals edged up on Friday. Crude oil price (WTI) also edged up, while Brent oil declined. Natural gas Henry Hub (July delivery) slipped, while the spot…
Gold and silver continue to dwindle yesterday as gold price edged down while silver price fell again. The announcement of CME to lower the margins on gold by 10% (effective as of May 29th) may help gold price to pick…