Will Silver Change Direction and Fall?

The recovery of the price of silver slowed down in the past week; it finished the week above the $21 mark – silver’s highest level since mid-March. But the upcoming non-farm payroll report could change the course of this precious…

Oil Outlook for June 30- July 4

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…

Is BP’s $20 Billion LNG Deal the Right Move?

BP plc (NYSE:BP) has recently entered into an agreement to supply 1.5 million tonnes of liquefied natural gas over 20 years to China National Offshore Oil Corporation. This deal is expected to generate $20 billion for BP. It will also…

Gold and Silver Forecast for June 30- July 4

Gold and silver slightly rose last week and thus rallied in the past four consecutive weeks. During last week, the U.S GDP growth rate was revised down to -2.9%. This news may have contributed to the recovery of precious metals…

Financial Market Forecast for June 30- July 4

The energy commodities markets cooled down during last week as oil and natural gas prices changed course and fell. Precious metals remained virtually unchanged. This week, in the U.S several economic reports will be published including non-farm payroll, manufacturing and…