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.

Silver – Expect further Upside

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

Gold Silver Reports — Silver jumped 11 percent in the first quarter after falling 12 percent last year to its lowest since 2009.

Gold and Silver Demand Continue to Rise

Last Updated On February 20, 2017 7:06 AM by Neal Bhai

Neal Bhai Reports — Silver and Gold are still up nearly 20% year-to-date, and so are a few other notable commodities:

Commodity Price Gains in 2016

SOYBEANS +21.73%

SILVER +19.17%

GOLD +18.22%

LUMBER +17.69%

CRUDE OIL (WTI) +16.60%

PLATINUM +14.74%

(Prices through May 26, 2016)

Mainstream Analysts Are Also Turning Positive on Gold

Last Updated On February 20, 2017 7:06 AM by Neal Bhai

Gold Silver Reports — Each week, we hear from more mainstream analysts turning bullish on gold or increasing their previous price projections for the yellow metal. Last week, we reported on one JP Morgan executive who predicted $1400 gold this year. Now we hear from Bob Michele, JP Morgan Asset Management’s global chief investment officer and head of fixed-income and commodities.