Weekly Forecast

What Brought Down Oil Prices?

Silhouette three oil pumps

United States Oil (USO) tumbled down again in the past few months and reached its lowest level this year. Also, the price of WTI oil plunged by over 10% this month (up to date) to $82. Will prices keep coming…

Gold and Silver Forecast for October 13 -17

golden bar

It seems the market was waiting for an excuse to start selling off the U.S dollar after it had spiked in the recent weeks against the Euro, Yen and Aussie dollar. Last week, the minutes of the FOMC meting provided…

Financial Market Forecast for October 13 -17

Financial crisis bomb

The recovery in the USD took a turn as its fell against leading currencies. The huge selloffs also led to a rally for precious metals prices. The minutes of the last FOMC meeting along with the revised down IMF economic…

Gold and Silver Forecast for October 6-10

Gold bars on dollars

The latest positive news from the U.S labor market – the NF payroll showed 248K jobs added during September and August numbers were revised up to 180K – was enough to drag down the prices of gold and silver to…

Financial Market Forecast for October 6-10

Financial crisis bomb

Following the better than expected NF payroll report, in  which the USD rallied, while precious metals took a nose dive, this week the U.S JOLTS report will complete the NF payroll report; this report may offer another data point about…

Gold and Silver Forecast for September 22-26

golden bar

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…

Financial Market Forecast for September 22-26

Financial crisis bomb

Following the FOMC meeting the commodities markets took a beating as oil, gold and silver tumbled down. These losses coincided with the recovery of USD against leading currencies such as Euro and Yen and the rally of U.S equities. On…

Natural Gas Prices Show Signs of Recovery

Blue flames

Natural gas remained relatively unchanged on a weekly scale as the Henry Hub slightly rose by 0.3% to reach $3.86. United States Natural Gas (UNG) rose by 1%. Conversely, U.S natural gas producers such as Chesapeake Energy (CHK) continued to…