Gold and silver changed direction and fell during last week. Their tumble coincided with the fall of other commodities such as oil, natural gas and leading “risk related currencies” such as Euro and Aussie dollar against the USD. Last week,…
Gold and silver slightly rose during last week. Their rally coincided with the recovery of other commodities such as oil and leading “risk related currencies” such as Euro and Aussie dollar against the USD. Last week, the FOMC and ECB…
Gold and silver changed course and rallied during last week. Was the recent rally a correction to the plunge in precious metals prices from the previous week? Was it a shift in market sentiment? Or was it a short term…
Gold and silver tumbled down again during the previous week. The shift in market sentiment may have been the main catalyst for the tumble in gold and silver mainly on the first day of the week. During last week it…
Gold and silver plummeted again during last week. Their decline didn’t seem to coincide with the developments in the forex markets but did coincide with the sharp fall of other commodities and equity markets. The rise in volatility of gold…
Gold and silver tumbled down in recent weeks. Their decline didn’t seem to coincide with the developments in the forex markets including the sharp depreciation of the Japanese yen. In the U.S jobless claims rose by 28k to 385k; non-farm…
Gold and silver resumed their downward trend and slightly declined during most of last week. The latest developments, which stir up the Euro and other risk related currencies, from Cyprus were that uninsured deposits will suffer a haircut of 60%.…
Gold and silver continued to zigzag in an unclear trend during the previous week despite the many news items on last week’s agenda: The recent news from Cyprus is that its parliament passed on the bailout plan, which isn’t likely…
Gold and silver didn’t do much during last week. Their price volatility also remained low. Several reports came out during last week: retail sales rose by 1.1% in February; jobless claims declined again by 10k to reach 332k; the PPI…
Gold and silver changed course and slightly increased during last week. Their modest rally coincided with the rally of other commodities and stock markets and despite the moderate depreciation of leading currencies against the USD. Last week, ECB left the…