Monthly Archives: February 2012

Gold & Silver Rally –

Gold hit a three month high rising $13.50 and settled at $1,788.40 an ounce.  Silver also rallied to settle at $37.14 an ounce which was an increase of 4.6%.  In addition, copper and platinum  increased with copper rising .8% to $3.91 a pound and … Continue reading

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Germany Votes For Greek Bailout –

Germany voted to support a second Greek bailout of approximately $174 billion.  The Finland parliament is expected to vote on the Greek bailout this week.  Also, European leaders will discuss the Euro zone bailout fund at their next meeting in … Continue reading

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Crude Oil Almost Hits $110 –

Crude oil almost hit $110 in Friday trading and settled at $109.77 a barrel.  This is the highest level that oil has traded at in the last 9 months.   The conflict with Iran is the driving force behind higher trading prices.  Iran is … Continue reading

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Natural Gas Inventory Declines –

The Energy Information Administration indicated that natural gas inventories declined by 166 billion cubic feet.  The decrease was greater than analysts had expected and more than the 102 billion cubic feet decline last year.  Prices remained low due to mild winter weather … Continue reading

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Gold Rises On Greek Bailout –

Gold prices rose to over $1,755 an ounce after European Union finance ministers agreed to another Greek bailout.  The second Greek bailout provided by the Euro zone is approximately $172 billion.  In Tuesday trading, gold hit the highest mark since February 3rd.  Silver also traded … Continue reading

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Tensions Send Oil Higher –

Crude oil traded at a 9 month high as tensions increased with Iran cutting supplies to companies from the U.K. and France.  In addition, traders weighed the economic gains of a second Greek bailout.  Crude Oil rose to $105 a barrel which is … Continue reading

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Natural Gas Futures End Lower –

Natural gas continued to slide with March futures falling almost 2% to $2.431.  Mild winter weather forecasts lowered expectations of heating demand for the next week.  In addition, natural gas supplies have remained well above average levels. To read a related Wall Street … Continue reading

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Natural Gas Supplies Decline –

According to the Energy Information Administration, natural gas supplies fell 78 billion cubic feet last week.  The decline was less than the 84 to 88 billion cubic feet decrease that analysts had expected.  Current inventory levels are almost 33% higher … Continue reading

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Greece Agrees To Bailout –

Greek leaders agreed to terms for a second bailout of approximately $172 billion dollars.  The Greek parliament stills need to ratify the agreement as well as major reductions in spending.  European Union finance ministers would than have to provide final approval for … Continue reading

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Oil Inventories Rise Hit Three Month High –

Crude oil inventories continue to rise and hit a three month high last week.  The Energy Department indicated that crude oil supplies increased to 338.9 million barrels.  That mark is 4.18 million barrels higher than the previous week.  Gasoline also had weak … Continue reading

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