Category Archives: Economic News

Gold Continues Decline –

Posted on 13. March 2012 by Jim Sutliff

Gold continued to slide and fell to the lowest level since January 25th.  Traders weighed Federal Reserve statements on the economy and gold fell almost 2 percent.  Gold traded near $1,670 an ounce and continued to decline in electronic trading. To read … Continue reading →

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Crude Settles Higher –

Posted on 11. March 2012 by Jim Sutliff

Crude oil settled over $107 a barrel which is the highest level since March 1st.  Crude oil prices were supported by positive jobs data that may be a sign of economic growth.  However, warmer weather may weigh on crude prices … Continue reading →

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Euro Falls –

Posted on 7. March 2012 by Jim Sutliff

The Euro fell to almost $1.31 after indications that the economy for the Euro region contracted.  The Australian and Canadien dollars both declined against the U.S. Dollar.  In addition, the Norwegian Krone dropped 1.6 percent to 5.706. To read a related … Continue reading →

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Negative Yield Treasury Auctions –

Posted on 3. March 2012 by Jim Sutliff

The U.S. Treasury may start to offer negative yield auctions.  The safety and security of U.S. Treasuries have already led to them being traded at negative yields on secondary markets.  According to Reuters, the one month Treasury bill traded on a … Continue reading →

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Gold & Silver Rally –

Posted on 28. February 2012 by Jim Sutliff

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 –

Posted on 27. February 2012 by Jim Sutliff

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 –

Posted on 25. February 2012 by Jim Sutliff

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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Gold Rises On Greek Bailout –

Posted on 21. February 2012 by Jim Sutliff

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 –

Posted on 19. February 2012 by Jim Sutliff

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 –

Posted on 13. February 2012 by Jim Sutliff

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 –

Posted on 11. February 2012 by Jim Sutliff

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 –

Posted on 9. February 2012 by Jim Sutliff

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 –

Posted on 2. February 2012 by Jim Sutliff

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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Fitch Cuts Credit Ratings –

Posted on 27. January 2012 by Jim Sutliff

Fitch lowered the credit ratings for the sovereign debt of five Euro region nations.  The five nations included Italy, Spain, Belgium, Cyprus, and Slovenia.  The credit rating for Italy was cut to A- and the rating for Spain fell to A.  Italy has the … Continue reading →

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Nine European Nations Downgraded –

Posted on 14. January 2012 by Jim Sutliff

Standard & Poor’s downgraded the sovereign debt of nine European nations on Friday.  France and Austria lost their AAA ratings and were lowered to AA+.  In addition, the sovereign debt was downgraded for Spain, Italy, and Portugal.  Four European nations that … Continue reading →

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