Gold Silver Reports — Crude Oil MCX may continue its bullish momentum as it can test 3420 in MCX .Meanwhile OPEC meeting this week on 2 June will give further direction to the prices.
Output in Chile Copper Mines Decreased 8.2 Percent
Gold Silver Reports — Heavy rains have hit the copper output in Chile, the world’s top producer. Output in April has dropped as heavy rains hit some mines in the country’s central regions and ore grades are also declining, according to the Government.
Gold Broke Below $1200 An Ounce
Gold Silver Reports — Gold’s on the ropes. Bullion broke below $1,200 an ounce on Monday after losing more than $100 in less than a month as Federal Reserve policy makers land punch after punch by talking up the prospects for a U.S. interest rate rise, reinvigorating the dollar.
Sometimes I Touch The Things
Sometimes I touch the things you used to touch, looking for echoes of your fingers. – Iain Thomas
Gold Support at $1172 and Silver Around $15.10
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
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?
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.