Major commodities continued to change direction with an unclear path at sight. Gold and silver price declined during yesterday’s trading. Crude oil prices also decreased. Natural gas prices changed direction again and tumbled yesterday. Finally, the Euro continued to zigzag;…
In the recent petroleum and oil weekly update by the Energy Information Administration, petroleum and crude oil stockpiles declined for the second consecutive week, last week by 2.2 million barrels. Crude oil prices also declined during last week and they…
Gold and silver prices continue to zigzag and perhaps the market is just waiting for next week’s FOMC meeting to see if there won’t be any big surprises or announcements that could affect the bullion markets (did someone say QE3?).…
Precious metals prices continued to change direction with an unclear trend; this pattern both gold and silver have been experiencing in recent weeks. In the crude oil market WTI oil price sharply rose while Brent oil prices declined and the…
According to the recent monthly U.S. Census Bureau report regarding the new residential construction statistics for March 2012 there was a decrease in housing starts but a slight increase in building permits. Privately owned Housing starts decreased in March 2012:…
Gold and silver prices didn’t do much yesterday however things might change today seeing that there are many news items on today’s agenda including: Great Britain CPI, German and Euro Area ZEW economic sentiment, U.S. Housing Starts and Building permits,…