Gold and silver prices changed direction in July and rose very sharply, after a slow paced movement during June and May. What were the driving forces behind the recent rally of gold and silver prices during July? Much like the…
The major news over the weekend came from the US when Standard & Poor’s downgraded the US credit rating from AAA to +AA for the first time in US history. The US treasury department already reacted to this news and…
Natural gas prices (Henry Hub) continued their downward trend they have had during the last couple of weeks of July. The domestic demand for natural gas is still robust, but experienced a small decline last week; US natural gas production…
Crude oil prices started August with very sharp falls, the steepest declines since May 5th back when the US dollar strongly appreciated against the Euro. The recent drop in crude oil prices is related, in part, to the sharp falls…
Silver price started to pick up and rise during the week, but it soon switched direction and fell during the last days of the week; by the end of the week, silver price finished below its starting point. Gold price,…
Standard and Poor’s, one of the most important rating agency worldwide, announced yesterday it downgraded the US credit rating from AAA to +AA; This is a one level drop. It’s also the first time in US history that the United…