Oil prices rose by 1.3 percent on Friday as a weakened dollar sparked a rebound, but economic data expected during the US market hours could force the commodity south.
The silver price in US dollars experienced a very sharp fall back of over 30 percent within 4 days. The main trigger were extremely rare and aggressive margin hikes for COMEX futures, which helped to eliminate a large chunk of speculative positions on the metal.
The dollar rebounded from three-year lows and U.S. crude slid more than 1 percent on Monday on the back of news that a U.S.-led operation killed Osama bin Laden in Pakistan.
The Bank of America Merrill Lynch said in a report that there was strong possibility of silver hitting $80 an ounce, causing ripples in the silver stock and ETF markets.
Even as silver prices are hovering near their all-time record high, there are some investors who ardently believe prices will continue to go upward. And then, there are people who think it's realistically possible that silver will breach an unbelievable $100 an ounce!
Check out our continued coverage of the final launch of the space shuttle Endeavour.
Gold continued its explosive rise, when measured in the falling US dollar currency, on Friday trading for $1,540 per ounce, marking a new record high yet again and set for its seventh successive weekly gain.
The top after-market NYSE gainers on Tuesday are: Select Medical Holdings, Cai International, Endeavour Silver, Sturm, Ruger & Co, Eastman Kodak, Vaalco Energy, Canon, K-V Pharmaceutical, Motorola Solutions and Silvercorp Metals.
The Gold Price recovered an overnight dip below $1500 per ounce in London on Tuesday, trading less than 1% shy of yesterday's new all-time high at $1518 as European stock markets rose together with major government bonds and energy prices.
The top after-market NYSE losers on Monday are: Ennis, Health Management Associates, Precision Drilling, Emulex, Callon Petroleum, Endeavour Silver, OMNOVA Solutions, and Venoco.
The Libyan conflict is heading for stalemate, the top U.S. military officer said on Friday, and Senator John McCain urged the United States to recognize the rebels and transfer frozen Libyan funds to them.
Gold Bullion jumped above $1500 per ounce in London on Wednesday, setting new Dollar and Sterling highs but falling sharply against the Euro as the single currency rose to its highest level since 2009.
Standard and Poor’s Rating Service cut its outlook on the US Government’s long-term debt to negative this morning and the implications are quite resounding.
Charlie Chaplin not only proved that camera is the language of silent cinema but also gave cinema the beautiful art of mime.
With the Ayn Rand's classic book 'Atlas Shrugged' finally hitting the silver screen on April 15, the anticipation seems to have peaked. Here are the videos of the movie trailers and teasers.
The signature blue beach house featured in the now classic Beverly Hills, 90210 which was inhabited by Jennie Garth and Tori Spelling, is for sale for approximately $9 million, according to a report by People.com
The interbank silver market [in Asia] is dysfunctional says one Hong Kong dealer's note. Liquidity is getting worse while the price action is getting more exaggerated as a result.
In Pulse, a Y Combinator-backed startup, has introduced a wrist watch that has computing and phone operations. The bluetooth-enabled watch can also display all email alerts, SMS messages.
Backing money with gold isn't the problem for the legion of policy-makers and economists running the official monetary system. Raising interest rates is.
Elsa Peretti Creates New Shapes for Her Renowned Bottle Pendants
Tiffany & Co. welcomes summer with Elsa Peretti’s Bottle pendants,the celebrated designer’s first jewelry design and one of her most recognized creations. Handcrafted in new shapes, with precious metals and gemstones, these distinctive pendants capture the warm-weather season with a fresh, natural style.
Silver is a very different market to gold. Most crucially, there's no commonly accepted benchmark value - such as a suit of men's clothes for an ounce of gold - against which to measure silver across time.
The companies whose shares are moving in pre-market trade on Tuesday are: Texas Instruments, Nvidia, Monsanto, Urban Outfitters, Broadcom, Corning, Freeport-McMoRan and Cephalon.
