United States Natural Gas (UNG) changed direction and tumbled down by 7% in the past week. This comes after the natural gas ETF spiked by 13% a week earlier. Will this seesaw movement continue for UNG? Let’s start with the…
The silver ETF iShares Silver Trust (SLV) bounced back following the latest deprecation of the U.S. dollar against leading currencies also contributed to the recovery of SLV. The recent lower than expected JOLTS report also provided some back-wind for bullion…
The recent rally of gold and silver coincided with the pull back in U.S. dollar. The latest JOTLS report didn’t meet market expectations but was still very good overall after considering the headlines. This week, the main even will be…
The U.S. dollar changed direction and slipped against most currencies including Euro and Aussie dollar, while precious metals recovered. Energy prices including crude oil and natural gas also a dive during last week. Will the sharp changes and high volatility…
The Aussie is a very popular currency and for good technical and fundamental reasons. After diving down under, we go back to the USA and examine all jobs numbers leading to the FOMC minutes. The British pound has been punished,…
The ongoing weakness in the gold market led to a decline in shares of SPDR Gold, the world’s leading gold ETF, in the past several months. This weakness raises concerns whether this ETF could recover anytime soon. In order to…