The concerns regarding the faith of the European Union continue to grow; the recent agreement in the EU Summit in Brussels has failed to ease the speculation around the instability of the European Union. There are mixed signals regarding the…
Here is a weekly recap for gold and silver prices for the week of December 5th to the December 9th including changes in prices, chart analysis and the main events and news that may have affected gold and silver prices…
Crude oil prices slightly declined during last week after oil prices rose during the past couple of months including November and October. There are many news items on next week’s agenda including the OPEC meeting and OPEC and IEA’s monthly report…
After long and hard deliberations in the recent EU summit that was held in Brussels on Friday, December 9th there seems to be a basic agreement among 23 of the 27 European Union that call for stronger fiscal controls –…
The natural gas prices continued to sharply decline during most of November. But by the end of the month, the natural gas spot price bounced back and sharply increased. The same goes to the natural gas future price (short term…
The Foreign Affairs Ministers of the top European Countries will convene today, Thursday December 1st in Brussels and will decide whether to impose sanctions on Iran including an embargo on Iranian oil. The escalation in the relation between Iran and…
During 2011 the premium of Brent oil over the WTI reached the highest levels ever and even peaked on September 29th to a premium of $29.47. As the gap between these energy prices shrink what is next for this difference…
There are a growing number of articles that quote Hedge funds managers who claim to increase their exposure on gold. On Monday, November 21st when gold price sharply declined Bloomberg reported that Hedge Funds cut their bullish bets on many…
I recall that the last time gold price sharply rose was back in August when the markets stirred up over the U.S. debt ceiling debacle which was followed by the S&P’s downgrade of U.S.’s credit rating. Back then gold price…
I think it didn’t surprise anyone that the Super-Committee failed to reach an agreement among its members to cut at least $1.5 trillion from the Federal Budget over the next decade. This failure and the low expectations from this Super-Committee…