Gold and silver prices changed direction and plummeted yesterday after the testimony of Bernanke in the Senate didn’t bring the kind of news bullion traders had hoped for. Bernanke stated in his testimony that economic conditions are improving mainly the US real estate market;…
Despite the exceptions of many for a more “pro-stimulus” testimony by the Chairman of Fed especially after the recent disappointing U.S non-farm payroll report came out on Friday, there weren’t any hints for QE3; Bernanke dropped a wet blanket on…
Precious metals have changed direction and after Bernanke kept the Fed’s policy unchanged and didn’t hint of any future plans to introduce any additional monetary stimulus plans gold and silver tumbled down. Crude oil prices also declined on Thursday. Furthermore,…
Gold and silver prices sharply increased yesterday along with other commodities such as crude oil and major foreign exchange rates including the Euro and Aussie dollar. Yesterday it was reported the Australian GDP expanded by a higher than expected rate.…
Gold and silver sharply increased yesterday much like many other commodities and forex indexes. Crude oil prices also rose on Wednesday. Furthermore, the price of natural gas (future) changed direction and slipped. The Euro sharply appreciated against the USD. Several…
In this week’s petroleum and crude oil weekly update by the Energy Information Administration, there is an analysis on the U.S oil inventories. The total U.S oil and petroleum stockpiles rose during last week by 6.8 million bl. On the…