Commodity Report

Oil and other Commodites Continue to Surge

The clock is ticking and tensions mounting as nuclear inspectors visit Iran. The propaganda; is the Iranian Nuclear capability being developed for energy or for the destruction of Israel. With uncertainty gold climbs $10.30USD/oz @ 1785.20 this day; Silver up $0.92 @ 36.52/USD/oz. With sabre rattling continuing in the Persian Gulf oil has risen substantially...

The Clock is Ticking and Tensions Mount Along with Commodities

The clock is ticking and tensions mounting as nuclear inspectors visit Iran. The propaganda; Is the Iranian Nuclear capability being developed for energy or for the destruction of Israel. With uncertainty gold climbs $14.70USD/oz @ 1773.20 this day; Silver slips $0.12 @ 34.30/USD/oz. With sabre rattling continuing in the Persian Gulf oil has risen substantially...

Commodities Trend Upward on Greek Pessimism and Persian Gulf Tension

Where’s the Love for Greece and the austerity measures they passed. With a little pessimism the yellow metal rose $14.40USD/oz @ 1732.10; Silver also up $0.27  $33.62/USD/oz. With the sabre rattling continuing in the Persian Gulf and a potential Iranian conflict oil surges $1.05 to $101.79USD/barrel. The Euro finally shows some weakness slowly depreciating versus...

Greek Austerity Plan Allows The Global Economy to Move Forward

Greece austerity measures give rise to resolution so markets can move forward. The yellow metal rises $1.70uSD/oz @ 1727.00; Silver also up $0.12 @ 33.72/USD/oz. Oil, on renewed optimism of fiscal problems being cast aside, and the potential for the global economy to start turning growth rises $1.35@ $100.02USD/barrel. The Euro is slowly appreciating versus...

Greek Debt Talks Front and Center as Commodities Trend Upward

Though markets seem tame, talks of Greece debt agreement continue as the politicians walk on pins and needles. Gold pushes higher as yellow metal appreciates $10.40USD/oz @ 1741.70 after slipping to 1728ish overnight; Silver also up $0.23 @ 33.93/USD/oz. Oil, on renewed optimism of fiscal problems being cast aside, thus clearing the way for global...

Gold Explodes After Fed Chairmans Comments

Gold higher as Bernanke testifies before Congress while the yellow metal explodes $23.60USD/oz @ 1746.40; Silver also up $0.51@ 34.26/USD/oz. Oil rises $1.58@$98.49USD/barrel. The Euro hit a recent high of 1.3521/USD, Range 1.2625-1.3521/USD within the last weeks. The C$ takes its’ cue from the Euro. Threats to an attack on Iran and debt crisis in...

Commodities Retract across the Board

Gold retracts after the better than expected employment #’s Friday. Once the skewed results are absorbed reality will set in. It is an election year and the games have begun. Look for the potential of $2000/USD in the near future. Gold slips $15.90USD/oz @ 1722.00; Silver down $0.12@ 33.63/USD/oz. Oil slips $0.48@ $97.36USD/barrel. The Euro...

Commodities Strong, except Oil

Gold forges ahead prior to employment numbers expected Friday. The Feds’ Bernake spoke earlier today discussing the deficit in the USA as the biggest concern and the European Crisis fallout as obstacles to improved results. Look for the potential of $2000/USD in the near future. Gold is up $12.60USD/oz @ 1759.70; Silver up $0.46@ 34.27USD/oz....

Commodities Mixed

Gold retreats a little as markets await EU decisions pending market uncertainty and inflationary pressure, look for the potential of $2000/USD in the near future. Gold is off $0.40USD/oz @ 1730.60; Silver slips $0.20@ 33.33USD/oz. Oil rises $0.72@ $99.50USD/barrel. The Euro hit a recent high of 1.3521/USD, Range 1.2625-1.3521/USD within the last weeks. The C$...

Commodities Retreat

Gold retreats a little as markets await EU decisions pending market uncertainty and inflationary pressure, look for the potential of $2000/USD in the near future. Gold is off $3.00USD/oz @ 1729.20; Silver slips $0.32@ 33.48USD/oz. Oil also retreats $0.17@  $99.39USD/barrel. The Euro hit a recent high of 1.3521/USD, Range 1.2625- 1.3521/USD within the last weeks....

Commodities Explode on Fed Statement

Gold explodes higher on Fed decision, with pending market uncertainty and inflationary  pressure, look for the potential of $2000/USD in the near future.  Gold is up $22.40USD/oz @ 1722.50; Silver up $0.34@ 33.46USD/oz. Oil is also up $1.33@ $100.73USD/barrel. The Euro hit a recent high of 1.3521/USD, Range 1.2625-1.3521/USD within the last weeks. The USD...