Crude Oil Spread Drops Under $10 as West Texas Rises above $94 - April 30, 2013 1:21

For the past two years the spread between Brent and West Texas Intermediate crude oil grades has been very high, vacillating between $16 and $28 per barrel at times due to huge supply coming into the holding station at Cushing, Oklahoma.  A number of factors contributed to this situation, including the rapid rise in oil […]

Gold Gives Up Ground in Quiet Monday Trading - April 8, 2013 21:45

Today’s action in the gold pits was as predictable as night following day. There was no major headline or economic data point to react to which meant an opportunity to create more stability after Friday’s substantial move back over $1580 per ounce.  Coming into the European open gold had put on a couple of dollars, […]

Gold Rockets Up on Risk Off Trade Returning - April 6, 2013 0:06

Even the late afternoon ramp in equities could not dampen the bullish atmosphere in the precious metals futures pits today.  After a horrific Non-Farm Payroll print that even CNBC couldn’t spin in a positive light, Gold shot up past $1570 and then subsequently twice pushed through obvious capping action at $1566 and $1572 before ending […]