|
Quick Links
|
Energy and Precious Metals Commentaries
|
Analysis | Commodity Market Commentaries |
Written by BullionVault |
Wed Apr 18 12 08:53 ET
|
|
Gold Bullion prices drifted lower Wednesday morning, hitting $1640 per ounce ahead of US trading - 1.1% down on the week so far - while stocks fell and commodities were broadly flat.
Silver Bullion fell as low as $31.52 per ounce - broadly in line with where it started the week.
UK government bond prices dipped - while German bunds gained as Eurozone concerns continued to focus on Spain.
|
|
Read more...
|
|
|
Analysis | Commodity Market Commentaries |
Written by ICN.com |
Wed Apr 18 12 03:58 ET
|
|
Gold remained under pressure on Wednesday trading amid uncertainty clouding the outlook of the euro area after the rise in Spanish bond yields at an auction yesterday. Yesterday, a Spanish debt auction saw a rise in yields as the selling of 12- month notes recorded a rise to 2.62% from 1.42% at an auction on March 20, while the 18-month securities produced a yield of 3.11% versus 1.71% at a prior auction, yet some of the tensions eased with the rise in demand at the auction and the rise in German inventor confidence above expectations.
|
|
Read more...
|
|
Analysis | Commodity Market Commentaries |
Written by ICN.com |
Wed Apr 18 12 03:48 ET
|
|
Crude oil gained for the third consecutive day as pessimism eased in Europe after good confidence data in Euro zone and Germany. However, crude gain upside momentum also form encouraging earnings from U.S. companies reflecting the strong performance among companies despite the weak recovery pace.
|
|
Read more...
|
|
Analysis | Commodity Market Commentaries |
Written by Alaron |
Tue Apr 17 12 10:47 ET
|
|
The Brent crude market got hit hard as we continue to talk to Iran and an early reversal of the Seaway pipeline. In Europe the reduced odds of an attack and overflowing inventory, means that we are looking at the possibility of a glut as opposed to a shortage. Add to that the fact that oil trapped in Cushing, Oklahoma will soon find its way down to the Gulf at a beginning rate of about 100,000 barrels a day and later to the tune of 400,000 barrels a day, so we will soon see more flexibility in Europe. While Iran may be buying more time with its nuclear program, Europe can also by more time by building an alternative source of supply.
|
|
Read more...
|
|
Analysis | Commodity Market Commentaries |
Written by BullionVault |
Tue Apr 17 12 08:38 ET
|
|
Gold Prices continued to hover near $1650 per ounce ahead of Tuesday's US trading - in line with where they have spent most of the last month - while European stock markets gained following Spain's successful auction of short-term Treasury bills.
"Gold remains in a bearish trend so long as it stays below $1697, which was the most recent top on March 27," say technical analysts at bullion bank Scotia Mocatta.
Silver Prices rose to their highest level this week - hitting $31.81 per ounce - while other industrial commodities were broadly flat and government bond prices fell.
|
|
Read more...
|
|
Analysis | Commodity Market Commentaries |
Written by ICN.com |
Tue Apr 17 12 04:38 ET
|
|
Crude oil holds its grounds and hovers around the opening level, as heavy fundamentals are on the queue which triggers volatility to the market, where we can see balanced factors that affect crude keeping it with no specific direction.
|
|
Read more...
|
|
Analysis | Commodity Market Commentaries |
Written by ICN.com |
Tue Apr 17 12 04:19 ET
|
|
Gold continued its drop for a third session on Tuesday trading amid worries in markets before awaited Spanish bond selling today. The yellow metal remained under pressure yesterday after Spanish 10-year notes yield breached 6%, thus coming close to levels which forced Greece, Portugal and Ireland to resort to international bailout
|
|
Read more...
|
|
Analysis | Commodity Market Commentaries |
Written by Alaron |
Mon Apr 16 12 09:45 ET
|
|
They talk too much, they worry me to death, they talk too much, forget the nuclear threat. They just talk, talk too much. You talk about weapons that you don't know, you talk about bombs, wherever you go, you just talk, talk, talk, talk too much. Talk is cheap but the decision to continue talking to Iran means oil may get cheaper. That is assuming of course that the Israelis will go along and wait for more discourse. After 10 hours of talk they decided the answer to the Iranian nuclear threat was to talk some more next month.
|
|
Read more...
|
|
Analysis | Commodity Market Commentaries |
Written by BullionVault |
Mon Apr 16 12 08:27 ET
|
|
Gold Bullion prices hovered below $1650 per ounce Monday morning in London - well within their range of the past four weeks - as European stocks edged higher while commodity prices fell.
The Euro meantime sank to a two-month low against the Dollar, as investors turned their attention to rising Spanish government borrowing costs.
On China's Shanghai Gold Exchange, contracts equivalent to around 7.3 tonnes of Gold Bullion changed hands in Monday's trading.
|
|
Read more...
|
|
Analysis | Commodity Market Commentaries |
Written by ICN.com |
Mon Apr 16 12 04:31 ET
|
|
Crude oil fell at the beginning of the week after Iran and the West completed long negotiations on the weekend which came with no notable results except determine a second round of negotiations, and this opened the door for the commodity to continue its downside wave.
|
|
Read more...
|
|
Analysis | Commodity Market Commentaries |
Written by ICN.com |
Mon Apr 16 12 04:06 ET
|
|
Gold continued its drop for the second session reaching one-week low on concerns after the rise in Spanish bond yields and concerns regarding global recovery had enhanced the dollar, thereby reducing the appeal of the shiny metal.
|
|
Read more...
|
|
Analysis | Commodity Market Commentaries |
Written by Alaron |
Fri Apr 13 12 10:13 ET
|
|
The Natural Gas market kind of acted like a North Korean rocket yesterday. It had an initial boost only to fail miserably a short time later. Natural gas bulls were hoping that yesterday's gas storage number would possibly give some hope that a bottom in this market may be near. Instead it was another sign that this market is still ready to fizzle. The Energy Information Agency reported a much smaller injection into storage of only 8 bcf from the previous week, far short of the 38 to 40 plus the trade was looking for. The market then blasted off only to fail. I wonder if Kim Jong the younger is bullish gas as well. Despite the fact that this week's injection was a bit of a disappointment, it is hard to get around the fact that working gas in storage is at a seasonal record 2,487 bcf as of Friday, April 6, 2012 and a whopping 888 Bcf higher than a year ago and 920 Bcf above the 5-year average of 1,567 bcf.
|
|
Read more...
|
|
Analysis | Commodity Market Commentaries |
Written by BullionVault |
Fri Apr 13 12 07:52 ET
|
|
Dollar prices to Buy Gold hovered just below $1680 per ounce Friday morning in London - back at levels last seen 10 days ago - as stock markets and industrial commodities ticked lower and government bonds gained.
A day earlier, Gold Prices jumped 1.6% during US trading - holding onto most of those gains during Friday's Asian session despite the release of lower-than-expected Chinese growth figures.
"We have now closed well above the short-term bear channel," reckon technical analysts at bullion bank Scotia Mocatta.
"The previous resistance level at $1656 should provide some support," they add, citing current resistance at $1680.
|
|
Read more...
|
|
Analysis | Commodity Market Commentaries |
Written by ICN.com |
Fri Apr 13 12 04:38 ET
|
|
crude oil declines today after two days of gains, today’s decline is led by slowing growth in the world’s second largest economy and oil consumer China along with Saudi’s comments to cover any shortage of supply in the oil market offsetting fears over global oil supplies.
|
|
Read more...
|
|
Analysis | Commodity Market Commentaries |
Written by ICN.com |
Fri Apr 13 12 03:36 ET
|
|
Gold inched down on Friday's early trading after the slowdown in China's growth had enhanced demand on the dollar as a refuge, thereby reducing the appeal of the yellow metal. The shiny metal fell slightly on the daily basis after China's first quarter GDP eased for the fifth consecutive quarter to 8.1% compared with 8.9% in the fourth quarter and median estimates of 8.4%.
|
|
Read more...
|
|
Analysis | Commodity Market Commentaries |
Written by Alaron |
Thu Apr 12 12 09:43 ET
|
|
If the International Energy Agency tells you that the market is well supplied, you had better believe it. The agency that represents 28 consuming countries always wants to error on the side having too much oil as opposed to not enough. The IEA is now saying that after more than two years of steadily tightening oil, market conditions appear to have reversed. It seems as the producers of oil got prepared for the loss of Iranian oil so they increased global oil inventories by an impressive 1.2 million barrels a day in the first quarter. That oil has been hoarded by many countries in Europe and Asia and the EIA pointed out that China put away about 700,000 barrels of oil a day into their reserve and Saudi Arabia is storing an additional 500,00 barrels per day. In fact the Saudis are asking for more customers, telling anyone who wants to listen that they have more oil for sale.
|
|
Read more...
|
|
Analysis | Commodity Market Commentaries |
Written by BullionVault |
Thu Apr 12 12 08:48 ET
|
|
PRICES QUOTED for Buying Gold fell together with the US Dollar on Thursday morning in London, dropping away from $1660 per ounce and falling harder in other currencies as commodities also edged lower.
Silver Prices slipped back to $31.50 per ounce, some 1.1% lower for the week so far.
The Euro rose almost 1¢ to a 1-week high of $1.3170, pushing the price for Eurozone investors Buying Gold down 1.2% from Tuesday's late 1-month high of €1271 per ounce (€40,868 per kilo).
|
|
Read more...
|
|
Analysis | Commodity Market Commentaries |
Written by ICN.com |
Thu Apr 12 12 04:10 ET
|
|
Gold declined slightly on Thursday's early trading, yet may change direction as the euro advanced and the dollar retreated. The euro continued its rise for the second day after yesterday's comments from the European Central Bank Executive Board member Benoit Coeure who clarified that the European Central Bank might revive the bond-purchase program to prevent rising borrowing costs from pressuring Spain to ask for an international bailout.
|
|
Read more...
|
|
Analysis | Commodity Market Commentaries |
Written by ICN.com |
Thu Apr 12 12 04:08 ET
|
|
Crude oil continued its upside recovery which started yesterday to cover the previous losses, as the commodity rose sharply and managed to close the session above $102.50 levels which opened the door to achieve more gains today.
|
|
Read more...
|
|
Analysis | Commodity Market Commentaries |
Written by Alaron |
Wed Apr 11 12 09:12 ET
|
|
The Energy Information Agency came out with its much anticipated never duplicated Summer Fuels Outlook and it was a market mover. Well not perhaps for the summer fuels so much, but what we really consider a winter fuel, the natural gas market. Of course if prices continue to fall it won’t just be winter any more.
|
|
Read more...
|
|
|
|
|
JPAGE_CURRENT_OF_TOTAL |
|
|
