Silver Poised to Test Higher Levels
Silver ETF prices edged higher on Wednesday continuing the trend which began on Monday. News from a prominent Chinese newspaper help lift precious metals prices, as the paper inferred that the Chinese government is planning on offering stimulus to numerous cities and provinces. Although weaker than expected retail sales in the US created a slight More...
Technically speaking, precisely how is gold doing?
Caution is the order of the day when all investors are looking to capitalise, and one should capitalise when other investors are overly cautious. Such is the fickle nature of the world’s financial markets More...
WTI crude rallies to $100 a barrel
Just as we saw during the Arab Spring of 2011, oil prices are currently rising on the back of concerns that the supply from the region could be affected by the current political unrest in Egypt. While Egypt only More...
China secure $60 billion contract for Russian oil
Highlights: China seals $60bn deal for oil from Rosneft Commodities & Energy fall across the board Precious metals at their lowest in for more than 2 years Russian Pres. Vladimir Putin has announced More...
Precious metals fall as US economy looks promising
US retail sales data for May beat expectations today while new applications for unemployment benefits fell for last week, driving equities and reducing the value of precious metals and various other commodities More...
Energy falls on BOJ’s lack of action
The Bank of Japan took no action on their current lending program after two days of discussions between officials, surprising analysts across the globe who had anticipated big news following the meeting. The Bank More...
Is Shipping and Oil ETF Co-Relationship a Bullish Indicator for the Global Economy?
A recent article in the Financial Times detailed how institutional investors and others such as billionaire Wilbur Ross have been taking positions in the depressed shipping sector. Ross has done very well in distressed More...
Brent crude adds $1 to price
Brent crude oil has added more than $1 to its price today after positive data out of the US and reassurance from central banks regarding their relaxed monetary policies encouraged equities to advance across the More...
OPEC to meet on 31st
The Organisation of Petroleum Exporting Countries will hold a meeting on Friday to assess oil production for the next 12 months to ensure that it meets matches the demand. Some members of OPEC, including representatives More...
Silver continues to decline
Silver continued its decline today, ending the week on a two and a half year low. The white metal has been in freefall for most of the year as investors were encouraged by rallies in the financial markets, driven More...