Silver stock prices for the week of June 11 -15, 2012. Hecla Mining (HL) → up $0.13 or 2.8% to $4.71. Pan American Silver (PAAS) → down $0.05 or 0.3% to $18.33. Silver Standard Resources (SSRI) → down $0.30 or 2.4% to $12.35. Silver Wheaton (SLW) → up $0.35 or 0.9% to $27.84.   This volatility 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% […]

OPEC – the Organization of Petroleum Exporting countries – has decided to leave oil output levels unchanged. This puts pressure on Saudi Arabia, the largest oil exporter, to reduce their supply if prices keep dropping. The Saudis have openly states that they like the price of West Texas Intermediate (WTI) to be around $80 per barrel, […]

The Organization of Petroleum Exporting Countries (OPEC) is meeting today in Vienna, Austria to discuss current output levels. However there is already a big disagreement over whether the current levels should be raised or lowered. Saudi Arabia, Kuwait, Qatar, and the United Arab Emirates want output limits to be raised by 500,000 barrels per day, […]

Crude oil prices fall to an 8-month low after US retail sales figures were released showing poor results. There was also a decline in EuroZone production. The US Commerce Department released May’s retail sales data showing a decrease for the 2nd straight month. European Union data also showed a 1% decline in manufacturing. This contributed […]

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 […]

The Venezuelan government and President Hugo Chavez are very concerned that OPEC (Organization of Petroleum Exporting Countries) members are exceeding their quotas and oversupplying the markets. Venezuela, also an OPEC member, plans to bringing up this issue at the OPEC meeting in Austria next week. OPEC sets supply quotas to try to stabilize prices as high as […]

Silver stock prices for the week of June 4 -8, 2012. Hecla Mining (HL) → up $0.19 or 4.3% to $4.58. Pan American Silver (PAAS) → up $1.20 or 7.0% to $18.38. Silver Standard Resources (SSRI) → up $1.06 or 9.2% to $12.62. Silver Wheaton (SLW) → up $0.85 or 3.2% to $27.49.  

Copper prices jump the most in 3 months as the biggest consumer of copper in the world – China – lowered interest rates to boost growth. Copper prices have been very low over the last 2 years. The London Metal Exchange (LME) reported a 38% decline in copper stockpiles in 2012, and is predicting a shortage […]