Commodity prices drop in European morning as the dollar recovers after plunging for several days. In particular, the pound sinks against the dollar and euro after Lloyds Banking Group was barred from…
Tag: Silver
The Stealth Gold Bull Market is Back But Americans Love Silver
Silver Stock Report by Jason Hommel, September 17th, 2009 One trouble with Americans is that we think we are the center of the world. We do have about 5% of the world’s…
Silver Daily Technical Outlook
Comex Silver (SI) Silver retreats mildly after rising to 17.69 but still intraday bias remains on the upside as long as 17.166 minor support holds. Further rise should still be seen towards…
Silver Daily Technical Outlook
Comex Silver (SI) Silver’ rally resumes after brief consolidation and reaches as high as 17.37 so far. Short term outlook will remain bullish as long as 16.42 support holds. Sustained trading above…
Silver Daily Technical Outlook
Comex Silver (SI) Intraday bias in silver remains neutral for the moment as consolidation continues between 16.06 and 17.01. Nevertheless, further rally is still in favor as long as 16.061 minor support…
Rebounds in Equity Markets Boosted Commodity Prices
Despite weakness in Asian session, crude oil price recovered in NY session amid rebound in stock market and renewed selling in USD. The October contract slid -0.6% to 68.86. Concerning others in…
Commodities Under Pressure as USD Rebounds and Pace of Recovery May Slow
Crude oil price remains under pressure in European morning on stock markets’ decline and USD’s rebound. As recent price rallies have brought risky assets’ valuations to stretched levels, investors have become extremely…
Risk Aversion Returns amid Trade Protectionism
Crude oil price extends last Friday’s weakness and slides to 68.5 in Asia Monday as driven by decline stock markets and rebound in USD. Recent rallies in commodity and stock markets have…
Silver Daily Technical Outlook
Comex Silver (SI) With 4 hours MACD crossed below signal line again, intraday outlook in Silver is turned neutral. Nevertheless, further rally is still in favor as long as 16.061 minor support…
Silver Weekly Technical Outlook
Comex Silver (SI) Silver’s rally extended further to as high as 17.015 last week and met mentioned target of 11.725 to 16.25 from 12.435 at 16.96. Initial bias remains on the upside…