Weekly Forecast

Gold and Silver Forecast for July 28-August 1

golden bar

Silver and gold resumed their downward trend during most of last week. The recovery of the USD against leading currencies may have contributed to the decline of precious metals. The lack of growth in the U.S equities and the drop…

Financial Market Forecast for July 28- August 1

Hundred dollar bills

This week, several U.S economic reports will be published including non-farm payroll, manufacturing PMI, GDP Q2 first estimate, pending home sales, and jobless claims. The FOMC will convene again for the fifth time this year to decide of any changes…

Gold and Silver Forecast for July 21-25

Gold bullion barr on a stocks and shares chart

Silver and gold took a nosedive last week. Even the escalation in the relations between Russia and US wasn’t enough to pull up precious metals. The Chair of the FOMC Janet Yellen testified before Congress, in which she didn’t provide…

Oil Outlook for July 21-25

oil market tight loose oil price July 11

This time it wasn’t the Middle East  to pull up oil prices – but close by: The recent news regarding the firing down of the Malaysian plane above Ukraine triggered President Obama to step in and impose additional restrictions on Russia.…

Financial Market Forecast for July 21-25

Financial crisis bomb

Oil prices recovered last week on account of the rise in tension between the U.S and Russia. Moreover, this news provided some backwind for gold and silver but it wasn’t enough to offset the huge selloffs in precious metals market…

Gold and Silver Forecast for July 14-18

Gold bars on dollars

The gold and silver market heated up last week after they didn’t do much in the previous week. The minutes of the FOMC meeting may have partly contributed to the rally of precious metals by the end of last week:…

Oil Outlook for July 14-18

Oil barrel with coins

The oil market cooled down again during the previous week as the WTI and Brent dropped by 3.1% and 3.9%, respectively. As a result, the premium of Brent oil over WTI narrowed again; the premium ranged between $6.71 and $5.83.…

Financial Market Forecast for July 14-18

Financial crisis bomb

The prices of oil and natural gas took a noise dive last week, while precious metals rallied mainly by the end of the week. On this week’s agenda: Yellen testifies, Philly Fed index, U.S PPI, China’s GDP for the second…

Gold and Silver Forecast for July 7-11

Gold bars on dollars

Precious metals didn’t do much last week and their rally of the past several weeks seems to have reached an impasse. Yellen’s speech at the IMF had a dovish tone as she restated a rate isn’t likely to occur anytime…

Financial Market Forecast for July 7-11

Big Bull

The financial markets cooled down last week as oil prices declined and natural gas and precious metals remained nearly unchanged. This week, several economic reports will be released including minutes of the recent FOMC meeting, JOLTS, and jobless claims. In…