The weakness in the bullion market and the recovery of US dollar continued last week. This week, we have a lot of news items that could push around the foreign exchange and commodities markets. In the U.S we have the…
The price of United States Oil (USO) slightly declined in the past few days but it still hasn’t moved much from the $34 to $35 price range. Nonetheless, this oil ETF dropped by 3.7% since the beginning of the month…
Do the terms Contango and Backwardation sound Greek to you? Well, they do have an impact on oil prices and we’re here to explain. We then wrap up the Scottish referendum with its future implications and prepare for the important…
The weakness in the gold market has also reflected in the fall in the price of SPDR Gold (GLD) – the ETF lost 5% during September. Will GLD recover from its recent fall? Let’s review the latest developments related to…
The silver market cooled down again last week. Last week’s FOMC meeting may have provided the fuel to drag down the price of silver to its lowest level in recent years. Also, let’s examine the latest developments in the silver…
Gold and silver took another tumble as both bullion prices: For gold, it reached its lowest level since the beginning of the year; silver came down below $18 for the first time since August 2010! The latest FOMC meeting had…