Commodities
Silver started off 2012 with remarkable gains. After rising 19.15% in January, the precious metal added another 6.49% to its value in February reaching the dizzy highs of $37 per ounce, not seen since September 2011….
Crude oil broke a long term uptrend line at the end of March and has been trading in a downtrend channel ever since as traders are starting to think of the likelihood of a solution between…
The gold market was recently locked in a downtrend channel that pushed the precious metal down towards the 1600 level. After successfully testing major resistance by 1620, gold rose in the past two sessions as several…
Crude oil has been trading in a strong uptrend movement since October. After smashing through the $100 level it currently holds steady above $104, as the Middle East continues to offer headlines that push the prices…
Gold has been trading sideways to slightly downwards throughout the week within a tight consolidation channel. The precious metal got under some pressure yesterday on the back of a stronger US Dollar, but as the US…
Gold If one looks at the fundamental issues, it would seem that the factors that pushed the gold price over the US$1 900 per fine ounce level in September 2011 are slowly being brought under control….
Gold started off the year with remarkable gains as Europe was seeking to contain its debt crisis, China’s economic expansion slowed down and governments from the US to the UK kept interest rates at all-time lows…
Gold fell hard in the past two sessions breaking below the substantial support at 1.650, after the Fed’s recent acknowledgement of improvements in the US economy and the lack of reference to further quantitative easing on…
After the big drop in over two and a half months falling from 1.790 to 1.665 following the less dovish speech of Federal Reserve Chairman, gold managed to regain some ground as the market sentiment shifted…
Silver has had a good run from its December 2011 lows and was on course to break out major downtrend from the highs of April 2011. The upside movement however did not manage to take hold…