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Aug 29th 2012) Its been an extremely low volume trading month, even for August, with investors waiting with baited breath ahead of Bernanke’s annual speech, this Friday, in Jackson Hole, Wyoming. Last week, the Fed sparked some optimism that another round of quantitative easing is on deck. Precisely, in the Fed’s meeting minutes, the following [...]
(Aug 7 2012) Equity markets rallied today on optimism that a government plan to purchase bonds in Europe would provide a solution to the region’s debt crisis. Here are the commodities that saw price swings today: Oil Prices Crude oil for September delivery increased 1.3 percent, to $93.36 on the New York Mercantile Exchange, in [...]
(July 31 2012) U.S. gasoline prices rose 5.1% in July, their largest month-on-month increase in more than twelve years with rising corn prices largely to blame. July gasoline prices rose $0.17/gallon, according to the AAA Monthly Gas Price Report. The U.S. average gasoline price hit a summertime low of $3.326 per gallon on July 2 and [...]
Here is a snap-shot of the biggest news affecting the soft commodities, the metals, the energy sector and mining stocks so far this week Soft Commodities News Overall, soft commodity prices have taken a breather this week; however, the recent data from The Commodities Futures Trading Commission suggests money managers are still bullish on price [...]
Gasoline prices rallied this month, in concert with climbing crude. The national average peaked at $3.716 a gallon, 10 percent uptick, year-over-year. The largest regional increase was on the West Coast, where prices surged 17 cents. While the quickly rally in gasoline prices this month sparked the rumor that gas would surge past $4.00 per [...]
The energy market had a mixed month, this January. Growing Tensions in Iran played some influence on the uranium and oil markets; however, economic uncertainty was the major news maker. Investors paid particular attention to Europe, and the ongoing debt saga; while keeping a close eye on economic data in both the United States and [...]