Last week gold and silver changed direction from a downward trend to a sudden steep increase on Thursday and Friday. Could this mean there is some fundamental shift in the bullion market that warrants such a shift? The main noteworthy news that might have affected metals was the tumble in the Philly Fed…

The precious metals market changed direction during the second part of the week. Both metals started off the week falling along with the rest of the commodities markets and Forex rates (e.g. the Euro/USD). In Europe the conditions haven't improved: The new elections in Greece will be held on June 17. The ECB temporarily stopped lending to several Greek banks. Moody’s…



Gold and silver declined again yesterday and thus both metals were traded down in eight out of the ten business days in May (so far). The speculation around the next move in the EU following the shift in the political climate in Greece keeps the Euro weak and thus may also been among the factors to pull down commodities prices including precious metals prices. On today's agenda:
Euro…

Gold and silver continued their downward trend during last week and thus are headed (at thus rate) to the worst performing month (so far) in 2012. Last week it was reported that the industrial production output of China and India didn't reach expectations and thus may have adversely affected precious…