Weekly Forecast

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…

Oil Outlook for July 7-11

Oil Pump

Oil prices came down again during the past week as the turmoil in Iraq seems to have little impact on the oil market. Last week, the WTI and Brent fell by 1.6% and 2%, respectively.  The difference of Brent oil…

Oil Outlook for June 30- July 4

High Price of Oil barrel - 3d

The oil market cooled down for the first time in the past several weeks as WTI and Brent declined by 1.4% and 1.3%, respectively.  The difference of Brent oil over WTI remained steady last week; the premium ranged between $7.37…