Archive for July, 2015

Will the Oil industry crash? If so, it will be the worst in 45 years

Wednesday, July 29th, 2015

Since June of this year, oil prices have fallen about 20 percent, what’s behind this downward trend is said to be OPEC, the Organization of Petroleum Exporting Countries, and their choice not to reduce its range and availability. The international organization has the objective to coordinate and unite the organization-members oil policies. The idea is to keep the oil market stable so that consumers have a regular supply of oil, and that the oil-producers receives a steady income while the oil industry investors receive a fair return. (more…)

Gold is falling and silver is right behind

Monday, July 27th, 2015

The US investment bank Morgan Stanley is concerned that the gold price is in decline and that the price of gold could fall as low as 800 dollars per ounce. News agency Bloomberg writes in an article that the bank believes that the time of high prices for precious metals is over and that a new era will begin with less price stability. (more…)

Gold and Oil: The Bears are Back in Town

Tuesday, July 21st, 2015

Much of the recent online trading news has centred around the falls that both gold and oil have taken in recent weeks. For commodity investors, it seems that the bears have indeed taken the stage. Gold has fallen to less than $1,100 dollars an ounce; the first time that this level has been seen since March of 2010. From an even more drastic perspective, this signals that it is no less than 40 per cent below its all-time peak that was reached in August of 2011. As historically always occurs, this dip has been seen to reflect more positive economic data emerging from the United States. Additionally, Federal Reserve chairman Janet Yellen hinted that interest rates are likely to rise during the remainder of 2015. (more…)

Greece and EURO crisis – commodity trading news

Wednesday, July 1st, 2015

During the past week, headlines have centred on the crisis in Greece and its default on Eur 1.6 billion (£1.1 billion) of loan repayments to the IMF. Euro zone ministers refused to extend its bailout, having failed to agree on some of the terms and conditions. The group chairperson (Dutch Finance Minister, Jeroen Dijsselbloem) had previously said it would be “crazy” to extend the Greek bailout beyond its Tuesday deadline. Nonetheless, judging from reports after a conference telephone call with other Euro zone ministers, this position may have ameliorated as a fresh Greek application for an aid programme of some €29.1bn was to be considered today (Wednesday).