The U.S. Monetary base decreased again during May by 0.92%. This news could suggest that gold will continue to trade down during June (assuming all things being equal). The strong relation between U.S. Monetary base and the changes in gold…
Natural gas changed direction and after it had declined in recent weeks the Henry Hub (July delivery) spiked by nearly 15%; crude oil also sharply rose during yesterday’s trading. Gold continued to dwindle as it edged up yesterday by one…
Gold and silver didn’t do much yesterday as gold price slightly rose and silver edged down. The mixed trend of major currencies during yesterday’s trading may have contributed to the mixed trend in the bullion market. The U.S PPI sharply…
Natural gas prices continued to dwindle during the week until today when natural gas future (July delivery) spiked by over 10%. The sharp drop in rig count (23) might have reheated the natural gas market. There are renewed speculations around…
Gold continued to rally and completed by yesterday a four day rally; silver on the other hand, edged down on Wednesday; crude oil resumed their descent and declined during yesterday’s trading; natural gas future price also decreased, while the spot…
The Bureau of Labor Statistics published today the recent report of the U.S CPI for May 2012. According to the publication the consumer price index fell by 0.3% and in annual terms the US CPI increased by 1.7%. The consumer…