Oil refuses to give up on $70 - October 7, 2009 20:08

Regardless of what many economists and analysts have said about the supply and demand reality of oil, the price of a barrel continues to hover around and just over the $70 mark. In noon time European trade on the New York Mercantile Exchange Wednesday (October 7th), benchmark crude for November delivery trades at $71.20, after […]

Jobs report dampens optimism of positive economic outlook - October 5, 2009 9:05

Just two days after the second quarter gross domestic product report excited analysts and investors, the new jobs report released Friday (October 2nd) has softened hopes that all is rosy on the economic front.

US economy better than expected in second quarter - September 30, 2009 15:10

Many American consumers and businesses have been closely watching for verifiable signs that the US economy is, in fact, returning from recession. Many top economists, including Federal Reserve Chairman Ben Bernanke have been saying for weeks that that is the case, but after a very dismal period for many homeowners and employees, proof is helpful.

August retail sales up 2.7 per cent - September 16, 2009 19:32

While many top economists have suggested that housing and credit sectors have bottomed, most have still been watching and waiting for retail sales and consumer spending to give more legs to Federal Reserve Chairman Ben Bernanke’s comments that the recession is over. Perhaps Tuesday (September 15) morning’s August retail sales report is just the medicine […]

Penury, self-imposed or inflicted, the new normal? - September 15, 2009 13:25

In August, 30% of the states in our survey met or exceeded their forecasted sales tax collections. This is a big jump from July’s 12%, and the best showing since August 2008’s 50%. The percentage of states reporting growth over the year was just 1.43%, down from July’s 1.59%, so basically flat and zero, and […]

Gold & Silver Technical Trading Charts - September 8, 2009 9:33

Gold is once again the hot commodity, as the price rises to the $1000 per ounce level. This $1000 – $1033 is a technical pivot point for gold. One of two things is going to take place in the coming weeks.

Gold spikes to near-term high near $1,000 - September 4, 2009 14:37

Apparently all it took for gold to push through near-term resistance levels was a 2-day pullback in equities and concern over the pending data on non-farm payrolls due out Friday (September 4) morning.

Oil stalls again above $70 - September 2, 2009 15:17

Oil continues to find a ceiling above the $70 per barrel price point as there has proven to be no major catalyst to push the price of the commodity above $75 in the near term. Benchmark crude oil was actually up about 60 cents Wednesday (September 1) morning after reports on inventory levels showed a […]

Gold remains in narrow trading range - August 26, 2009 14:29

The price of an ounce of gold has remained fairly steady, in the $900 range, since May. The current spot gold rate in early New York trade is $947.80 per ounce, a gain of $2.90 so far on the day.