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 […]

Gold prices fell by the largest amount in a week as the US Dollars strengthened. Since gold is priced in USD, as the USD strengthens gold becomes more expensive for people not holding USD, such as Europeans or Asians. The markets were also reacting to concerns that the US Federal Reserve might not take more […]

Gold and oil prices rose the most in a single day in 3 months. Gold’s 4.4% downtrend was due to investors selling gold to make up for losses in other markets as they fell. Oil prices rose as the world is adjusting to the European Union ban on Iranian oil coming into effect on July […]

As we see a more and more call options on commodities like gold and silver, their prices are still low today. This is largely due to the US Federal Reserve’s reluctance to expand Quantitative Easing (QE3) and instead opting for “Operation Twist”. While hedge funds and portfolio managers increased their buying on most futures and […]

Colombia is planning to auction off plots of land all the way from the Pacific Ocean to the Amazon jungle. These plots are expected to hold deposits of gold and copper, with additional actions in 2013 for reserves holding coltan, uranium, and platinum. The goal of this auction is to gain more foreign investment. Colombia’s mining industry […]

Glencore, the world’s largest commodities trading company, has agreed to buy 50% of the nickel and copper mined from the seafloor by DeepGreen Resources. DeepGreen, based in Vancouver, Canada, is using the Nautilus underwater harvester to mine the seafloor of the Pacific off Mexico’s shore. This has been a volatile time for Nautilus coming off 2 […]

The Hong Kong Exchange (HKEx) has won the bidding to buy the London Metal Exchange (LME) for $2.15 billion. HKEx won the bidding process over the IntercontinentalExchange (ICE) in Atlanta and Chicago Mercantile Exchange (CME). The LME handles 80% of global metals trading – including gold, silver, copper, aluminium, and nickel – of which China is […]

Gold prices have been rising for 4 straight weeks now, as hedge funds start buying more gold products, especially ETFs. Investors are also anticipating another round of US Quantitative Easing (QE) and a bailout plan for Greece, which will spur economic growth and inflationary fears. Gold is still the best hedge against inflation. Gold has risen about 70% […]

Gold, oil, and silver prices rose for the 3rd straight day on expectations that the US Federal Reserve will add more funds into the economy to stimulate growth. Oil is the backbone of economic growth, so demand will increase as the economy strengthens. However as you pump more cash into the system, you also create […]

Goldman Sachs has called for a 29% gain in the S&P GSCI Enhanced Commodities Index over the next 12 months. The index is heavy on industrial metals and energy. As the EuroZone debt crisis fades and the US and China recovery and their economies start to grow, Goldman Sachs predicts a 41% gain in energy […]