The recent decision of the FOMC to end QE3 didn’t come as a surprise. The hawkish tone in the statement provided the ammunition to shoot down Shares Silver Trust (SLV) — its price fell by 6.1% during last week. This…
SLV reaching a new low
Gold and Silver Forecast for November 3-7
The tumble in gold and silver came following the announcement of the FOMC to end QE3 and hawkish statement. The U.S. GDP for the third quarter also provided some backwind for the U.S. dollar and dragged down bullion prices. Finally,…
The Recovery Of UNG Continues
United States Natural Gas (UNG) changed direction and added 4.8% during the past week. Despite this recent recovery, UNG was still down by 8.3% during last month. Was the recent recovery marks a shift in trend? Or will UNG resume…
Financial Market Forecast for November 3-7
The high volatility in the market following the FOMC and BOJ’s monetary policy meetings from last week could remain in the coming week. The main events of the week in the U.S. include NF payroll report, manufacturing PMI, factory orders…
Market Movers #22: November’s big events, FOMC, recent events rundown
There is a lot of action in markets and more to come: we preview the big events of November, which promise to be exciting. And before looking forward, we look back and run through the Fed bullishness, the impact of US…
Is SLV A Better Buying Opportunity Over GLD?
Shares Silver Trust (SLV) resumed its downward trend and shed 0.5% off its value. Considering the ratio between SPDR Gold (GLD) and SLV picked up in the past few weeks, does this make SLV a better buying opportunity over GLD?…