Archive for May, 2015

Did you know that oil prices are lower today than 7 years ago?

Thursday, May 28th, 2015

When oil prices are as low as they are today, even lower than the crisis times in 2008! And with oil production showing absolutely no signs of slowing production something, commodity wise, has to give. So what should the online trading community make of all this?


OPEC has stated that they will not cut production and the non-OPEC oil is continuing to show production growth. This dramatic increase and change in non-OPEC has been triggered by the increase in Shale Oil, which was not factored into the 2010 OPEC forecast.

Bitgold Receives Funds from Soros Brothers Investments

Tuesday, May 19th, 2015

A New Form of Gold Trading

BitGold has had a cash injection of approximately $12 million from high profile capitalists such as Soros Brothers investments.

Bitgold is intending to introduce gold trading by setting up a platform which lets traders deal in gold. All dealers have to do is to open up an account which is a super quick process.

The trading account is constructed to work just like a standard PayPal account.

A Rough Road Ahead for Oil and Gold

Tuesday, May 12th, 2015

A Waiting Game for Gold?

In recent online commodity trading news, caution still seems to be the name of the game in terms of gold.

Indeed, its prices have still remained sluggish during the past week; holding firm between $1,800 dollars and $2,000 dollars per ounce.

Despite disappointing data emerging from the United States, gold has not yet experienced a significant rally. Some have cited this rather dull performance as being a result of rising bond yields.