Sudanese Oil Wars Heat Up Again in 2013

Jun 11, 2013

Sudan is once again threatening to cut off oil pipelines from South Sudan accusing the South of backing separatist rebels in Darfur and the border regions of Southern Kordofan and Blue Nile. South Sudan – the world’s newest country – relies heavily on their oil production for revenues, however they have no export capabilities. They currently […]
Read more

Fed Stopping QE Stimulus? Gold Falls

Jun 02, 2013

Is the US Federal Reserve stopping monetary stimulus? Investors are afraid they are, and as a result Gold prices are falling to a 2-week low and down 17% so far in 2013. The US economy is getting stronger, climbing out of the current recession, which may signal that the US no longer has the need […]
Read more

Buffett Makes Fun of Falling Gold Prices

Apr 18, 2013

Warren Buffett, the head of investment firm Berkshire Hathaway and arguably the world’s best investor made fun of falling gold prices today, as gold hits a 2-year low. Many hedge funds – Buffett’s rivals – have experienced big losses this week. John Paulson’s major hedge fund lost $1 billion this week in the fall. Buffett has strongly […]
Read more

How Much Gold Has The World Produced?

Apr 03, 2013 No Comments

How much gold is there in the world? Warren Buffett, arguably the world’s best investor, estimated that the amount of gold ever produced would total 20m2 – a cube measuring 20 meters by 20 meters. But now we don’t need to estimate any longer. Thomson Reuters GFMS – worldwide specialists of gold and silver data – have come out […]
Read more

Germany Bringing Their Gold Home

Jan 22, 2013 No Comments

Bundesbank, the German central bank, is bringing back 674 tons of gold currently held in New York and Paris. The move will take many years but is intended to increase public confidence in German economy. The gold bullion is work about €27 billion ($36 billion). Germany currently has 374 tons in Paris’ Banque de France s and […]
Read more

US Shale Reserves Help Crude Oil vs Brent

Sep 09, 2012 No Comments

The US shale oil market is thriving, and this is helping keep US oil prices down, especially in relation to the Baltic Sea’s Brent Oil which is popular in northern Europe. This increased production is also helping the US reduce their reliance on foreign oil supplies. The US Gulf Coast’s Light Louisiana Sweet (LLS) is […]
Read more

Oil Prices Rise on Expected Stimulus

Sep 09, 2012 No Comments

Crude oil prices rose for the 3rd day in a rose as US data showed poor employment numbers. The US economy failed to generate more new jobs, and investors are speculating that this will force the US Federal Reserve to actively stimulate the economy. Oil rose 1.1% on Friday as reports showed that businesses hired […]
Read more

Broker AvaTrade Adds Gold Miners ETF

Jul 18, 2012 No Comments

Online trading broker AvaTrade has recently added ETF to their products lineup, including Market Vectors Gold Miners ETF. We are very excited about this instrument which tracks a group of the leading gold mining companies worldwide. AvaTrade — formerly Ava FX — is an online trading broker based in Dublin, Ireland. They offer all their instruments […]
Read more

China Reduces Iranian Oil Imports

Jun 29, 2012 No Comments

China and Singapore reduce their purchase of crude oil from Iran, the US said today. Had they failed to do so, they would have received sanctions from the US financial markets. Other major countries to significantly reduce their Iranian oil purchases were India, South Korea, Turkey, South Africa, Malaysia, Sri Lanka, and Taiwan. The European […]
Read more

Oil Prices Expected to Rise as Iran Sanctions Begin

Jun 28, 2012 No Comments

Oil prices have just seen the worst quarter in 5 years, however things are expected to turn around as the European Union boycott on Iranian oil is about to begin. China is Iran’s biggest purchaser of crude oil but is now considering slowing down purchases. This is punishment for the regime’s covert nuclear weapons program. […]
Read more

Language: