Gold Support at $1172 and Silver Around $15.10

Last Updated On February 20, 2017 7:04 AM by Neal Bhai

Gold Silver Reports — Friday was undeniably brutal for gold investors. Some of our favorite mining stocks were down 10% or more in a single day.

OPEC Head Calls for $65 Oil

Last Updated On February 20, 2017 7:04 AM by Neal Bhai

Gold Silver Reports — A minimum price of $65 a barrel for oil is “badly needed at the moment” according to Qatari energy minister Mohammed bin Saleh al-Sada.

Crude Oil Next Prices?

Last Updated On February 20, 2017 7:07 AM by Neal Bhai

Gold Silver Reports — The energy sector was certainly a bargain in January, but no one really knows where oil will be around Christmas. While we may have already seen the bottom, stock prices are not the bargain they were.

The Pop Above $50/bbl Can Be Attributed To A Drop In Supply

Last Updated On February 20, 2017 7:07 AM by Neal Bhai

Gold Silver Reports — The price of a barrel of oil has almost doubled from its low of $28 at the start of the year, prompting speculation that a recovery is underway, which may result in the revival of companies in the exploration, production and services sectors that have foundered since prices collapsed in 2015.

Fed Rate Hike in Coming Months; Yellen

Last Updated On February 20, 2017 7:07 AM by Neal Bhai

Gold Silver Reports — Federal Reserve Chair Janet Yellen said the ongoing improvement in the U.S. economy would warrant another interest rate increase “in the coming months,” stopping short of giving an explicit hint that the central bank would act in June.