Platinum-The untouchable metal
February 9, 2012 7:56 am by Ricky FoxPlatinum Reaches 5 month High I always go on about Gold and Silver but never give enough respect to Platinum.
FOMC Lowers Forecasts, Stays Mum about QE3
November 3, 2011 8:53 am by Russell GlaserThe FOMC statement did not contain any surprises and the Fed did not announce its intention to begin another round of asset purchases (QE3). What the Fed did do was downgrade its assessment of the US economy to bring the ...
Gold Surges Following Bear Trap
October 25, 2011 4:36 pm by Russell GlaserThe price of spot gold has received a bit of a bump the last three trading days with the commodity rising 1.6% today. Tensions in Europe could be the usual suspect for today’s price increase though perhaps it is ...
Russian Ruble Advances from Gains in Crude Oil
October 12, 2011 4:53 pm by Greg HoldenA sudden surge in crude oil values yesterday brought about resurgence in a recently-weakened Russian ruble (RUS). The value of the RUS was brought down by strong dips in global stocks last week as traders sought the safety of more ...
Gold Bubble Pops before Jackson Hole Speech
August 25, 2011 11:55 am by Russell GlaserThe price action from yesterday’s early New York trading session was particularly dramatic when gold prices collapsed. The 5.6% drop in the price of the NYMEX gold futures contract sends a signal from the commodities market that additional stress is ...
Spot Gold Testing Psychological $1,600 Price Level
July 14, 2011 3:28 pm by Russell GlaserThe price of spot gold climbed to a new all-time high following Moody’s intention to review the US AAA rating. $1,600 is the next psychological resistance level and could be breached today as Fed Chairman Ben Bernanke will testify before ...
Corn Prices Drop as 2011 Supply Expected to be Higher than Forecast
July 1, 2011 3:01 pm by Greg HoldenThe price of corn was seen plummeting Friday after a US Department of Agriculture (USDA) study found both stockpiles and seeded areas to be larger than market forecasts. The whopping 92.28 million acres of land seeded this spring was the ...
Precious Metal Trading Banned for US Investors?
June 23, 2011 2:53 pm by Greg HoldenRumors are circulating this week that an article in the Dodd-Frank Act will bar US traders from participating in over-the-counter precious metals trading beginning 15 July 2011. The story began when Forex.com announced to its customers that its precious metals ...
Gold Prices Rise on Greek Debt Concerns but US Inflation Threatens Gold’s Bullish Run
June 20, 2011 1:20 pm by Russell GlaserSpot gold prices have been rising over the past week as a safe-haven play with the ongoing Greek debt crisis. Today’s failure by the European finance ministers to come to an agreement for the release of the next batch of ...
Silver and Gold Prices Slump with Strengthening US Dollar
June 13, 2011 1:26 pm by Russell GlaserCommodities in general are beginning to feel the pinch as weak Chinese economic data combined with declines in equity markets and a strengthening dollar have begun to weigh on both spot gold silver prices.
