Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
nothing new, short bonds, buy oil, dollar is tanking against the rouble, morons in dc continue to rob people, some really like the snactions...
$200 ! That’s crazy. What oil companies are you holding ? I have Ampy, Cdev and Kos, looking to get NR today before close.
While Russian crude only accounts for 3% of American imports, it's responsible for over half of Russia's export earnings. The U.S. may even go at it alone - without the participation of allies in Europe (at least initially) - and is looking to make sure there is enough supply to offset any collateral damage. American officials held face-to-face meetings in previously-sanctioned Venezuela this weekend, with analysts speculating the OPEC member could be a source of incremental supply as gasoline prices in the U.S. topped $4 a gallon nationwide (Biden advisers are also weighing a trip to Saudi Arabia).
All time high around $145.00 - $150.00??
About Us
STP Account
Hankotrade’s STP account is one of its kind. A commission-free trading experience awaits you.
Register Live Account Try Demo Account
By opening an STP account with us, you will be allowed unlimited access to global markets and trade a wide range of currency pairs, stock indices and many more along fast execution speed and low spreads.
STP
Get Access to global markets and commision-free
Minimum Deposit
$10
Avaialble Base curencies:
USD, EUR, CAD
Spreads From
0.7 pips
Max Leverage
1:500
Negative Balance Protection
Yes
Min. Lots
0.01
Commission
Zero Commissions
Swap-free Islamic account option
With a very small minimum deposit of only $10, it becomes easier for you to open an account with Hankotrade. So what are you waiting for? Sign up with Hankotrade now to avail all the excellent trading opportunities with our STP account.
Trading Conditions:
Commission: ZERO
Execution: NDD
Execution Type: Market
Server: GMT+2
EA’s allowed
Hedging allowed
Scalping allowed
Quick Links
STP Account
ECN Account
ECN Plus
Islamic Account
Trade with Hankotrade
Live Account
Open a Live trading Account
Demo Account
Try a Demo Trading Account
Claim Your Bonus
100% Deposit Bonus
Apply for a matching bonus
Become an Affiliate
Trade Forex along with CFD Indices, Commodities and Crypto currencies with Hankotrade
Register Now!
Commodities Market
Hankotrade offers the lowest, most competitive spreads in the market on Precious Metals and Oil, starting from as low as 0.7 pips.
Register Live Account Try Demo Account
Our clients can trade in precious metals including gold and silver amongst other Energy products such as WTI Crude and UK Oil.
Commodity/Energy Pairs
Market Sell Buy Spread
XAUUSD 1996.08 1996.48 0.4
USOUSD 121.83 121.96 0.13
UKOUSD 126.22 126.34 0.12
XNGUSD 5.056 5.075 0.019
XAGUSD 26.046 26.062 0.016
XAUAUD 2686.99 2687.88 0.89
XAUEUR 1842.02 1842.55 0.53
XAGAUD 35.06 35.091 0.031
1
Server Time Zone : GMT+2 during winter and GMT+3 during summer.
Daily session break is between 00:00 to 01:00 server time
Important; Swap fees can vary on a day-to-day bases. To view the updated swap charges please refer to your MT4 trading account terminal (based in points)
Quick Links
Fx Markets
Comodities Market
CFD Indices
Crypto Currencies
Trade with Hankotrade
Live Account
Open a Live trading Account
Demo Account
Try a Demo Trading Account
Claim Your Bonus
100% Deposit Bonus
Apply for a matching bonus
Become an Affiliate
Was able to buy some $LUKOY before they shut it down average about $15 was at $80s before it got the ax.
Also bought some Gazprom and Sberbank
pretty cheaply.
Lotto plays or Zero plays if Russian markets never reopen.
Been playing $OILU 3 x bullish WTI $32 recently . If it opens at $60 tomorrow not surprised.
Want to play some futures and trade Sunday’s and holidays. Have some
Casino cash to spare. 1:500 leverage
Account Type & Minimum Deposit
Hankotrade offers three different types of accounts: ECN Plus account, ECN account and STP account. For ECN Plus account, the minimum deposit is $1,000. For ECN account, the minimum deposit is $100. For STP account, the minimum deposit is $10.
Leverage
Hankotrade provides clients with a leverage of 1:500, which is considered high. Since leverage can amplify both benefits as well as losses, we advise you to be aware of the risk. It is absolutely not a good option to trade with an unlicensed broker with such a high leverage
West Texas Intermediate (WTI) crude rose $10.83, or 9.4%, to $126.51, putting both contracts on track for their highest daily percentage gains since May 2020.
In the first few minutes of trade on Sunday, both benchmarks rose to their highest since July 2008 with Brent at $139.13 a barrel and WTI at $130.50.
remember: ‘Unreal’: Oil prices go negative for the first time in history
https://fortune.com/2020/04/20/oil-prices-negative-crash-price-crude-market/
some were even calling for $150 when was sun $100
ITS HAPPENING
A few called for $120.00
I thought that would be a possible "highest price" during this crisis.
In my plans, I leveraged my short EFT in beginning at $100, then $105, $110 and finally $115.00
This morning I will take my last move in at $115.00
3rd test $110
$111.88 !!
Waiting for $115!!
The inverse ETFs may go de funk if this keeps up.
I finally figured Putin out!
First it was Un and then Trump taking the attention and stage. Putin has been relegated to "ho-hum" status. Nobody was paying attention to his greatness or mighty Russia. He is just ruffling his feathers. "Look at me!" I am still relevant!"
Top News
OPEC on deck
Oil's price ascent is showing no signs of slowing down ahead of one of the most important OPEC+ meetings since the beginning of the pandemic. WTI crude futures (CL1:COM) climbed another 6.6% overnight to top $110 per barrel, and that was despite the U.S. and other members of the IEA agreeing to release 60M barrels from the Strategic Petroleum Reserve and other emergency stocks. The coordinated drawdown would be only the fourth in the agency's history, sending a "unified and strong message to global oil markets that there will be no shortfall in supplies as a result of Russia's invasion of Ukraine."
Analyst commentary: "Although the sanctions are still being crafted to avoid energy price shocks, we believe this aggressive-but-not-maximalist stance may not be sustainable, with disruptions to oil and gas shipments looking increasingly inevitable," Evercore ISI wrote in a note to clients. "Russia is casting a long, dark, unpredictable, and very complicated shadow." Part of the issue is that many Western banks, shipowners and refiners are hesitant to do business with Moscow, fearing legal/reputational risk, or an eventual sanctioning of Russia's energy sector.
Meanwhile, the OPEC+ group, which Russia is a part of, commands broad control of the oil market because its members account for more than 40% of global crude production. The alliance has been recently increasing output by 400K barrels per day each month after unwinding historic cuts of nearly 10M bpd implemented in April 2020 due to the pandemic. Despite the current turmoil in energy markets, only a modest increase is expected at today's meeting - if any at all - which could fluctuate based on the situation in Ukraine or the world's response to it.
Inflation watch: A general rule of thumb states that for every $10 increase in the price of an oil barrel, U.S. inflation rises by 0.4 to 0.5 percentage points. That's hammering consumers at the pump, with the national average for a gallon of gas standing at $3.65 per gallon, according to data from AAA. "Global energy security is [also] under threat," according to IEA Executive Director Fatih Birol, "putting the world economy at risk during a fragile stage of the recovery." (5 comments)
Events
State of the Union
On Russia: President Biden said that Vladimir Putin will have to "pay a price" for the invasion into Ukraine during his first State of the Union address to Congress. "Throughout our history we've learned this lesson – when dictators do not pay a price for their aggression, they cause more chaos. They keep moving. And, the costs and threats to America and the world keep rising." "Putin's war was premeditated and unprovoked. He rejected efforts at diplomacy. He thought the West and NATO wouldn’t respond. And, he thought he could divide us here at home. Putin was wrong. We were ready."
Inflation: Biden also vowed to fight inflation during the speech, with consumer prices soaring 7.5% over the past 12 months. "My top priority is getting prices under control. We have a choice. One way to fight inflation is to drive down wages and make Americans poorer. I think I have a better idea to fight inflation: Lower your costs, not your wages. Make more cars and semiconductors in America. More infrastructure and innovation in America. More jobs where you can earn a good living in America instead of relying on foreign supply chains, let's make it in America. My plan to fight inflation will lower your costs and lower the deficit."
Infrastructure: "We're done talking about infrastructure weeks. We're going to have an infrastructure decade. We'll create good jobs for millions of Americans, modernizing roads, airports, ports and waterways all across America. And we'll do it to withstand the devastating effects of the climate crisis and promote environmental justice. We'll build a national network of 500K electric vehicle charging stations, begin to replace poisonous lead pipes - so every child - and every American - has clean water to drink at home and at school, provide affordable high-speed internet for every American - urban, suburban, rural and tribal communities."
Manufacturing: "The revitalization of American manufacturing: Companies are choosing to build new factories here, when just a few years ago, they would have built them overseas. Intel (INTC), the American company that helped build Silicon Valley, is going to build its $20B semiconductor mega site. Ford (F) is investing $11B to build electric vehicles, creating 11K jobs across the country. GM (GM) is making the largest investment in its history - $7B to build electric vehicles, creating 4K jobs in Michigan. All told, 369K new manufacturing jobs are created in America last year alone."
Taxes: Under my plan, nobody earning less than $400K a year will pay an additional penny in new taxes. Nobody. The one thing all Americans agree on is that the tax system is not fair. We have to fix it. I'm not looking to punish anyone. But let's make sure corporations and the wealthiest Americans start paying their fair share. Just last year, 55 Fortune 500 corporations earned $40B in profits and paid zero dollars in federal income tax. That's simply not fair. That's why I've proposed a 15% minimum tax rate for corporations... That's why I've proposed closing loopholes so the very wealthy don’t pay a lower tax rate than a teacher or a firefighter." (362 comments)
The war in Ukraine has thrown global trade into uncertainty. Russia was cut out of the global banking system overnight. Oil is at $100/barrel, and shipping container rates are at record highs. Food inflation may get worse. Ukraine ranks #2 in barley exports, #3 in wheat exports, #4 in corn exports and #1 in sunflower oil exports.
While the S&P 500 is down nearly 10% year to date, some stocks are climbing. J Mintzmyer is an expert on shipping and supply chain stocks. The model portfolio in his service, Value Investor’s Edge, beat the market by over 5x in 2021. As supply chain problems intensify, J believes the rally in his favorite stocks is in its early stages.
Your portfolio doesn’t need to suffer from the world’s problems. Value Investor’s Edge can help you grow your portfolio meaningfully, even in hard times.
Aviation
Airspace ban
Following in the footsteps of the EU and Canada, President Biden also announced a ban on Russian aircraft and airlines entering American airspace due to Moscow's invasion of Ukraine. According to Western military officials, the war is now heading into a new phase, with Russia turning to heavy artillery and the indiscriminate shelling of civilian neighborhoods. The more destructive stage even prompted Ukraine to sell $270M worth of war bonds overnight, ahead of a planned siege on the capital of Kyiv.
Quote: "We will join our allies in closing off American air space to all Russian flights, further isolating Russia, and adding an additional squeeze on their economy," Biden exclaimed in his first State of the Union address. The ban, which will take effect by the end of today, will prohibit any plane owned, certified, operated, registered, chartered, leased, or controlled by, for, or for the benefit of a person who is a citizen of Russia from flying over the U.S.
Russia is expected to retaliate with similar measures and may even go after Boeing (NYSE:BA), a major American exporter and one of the world's two leading aircraft manufacturers. While U.S. carriers don't operate any non-stop flights to Russia, its airspace is part of a key corridor for many long-haul flights to Asia. United Airlines (NASDAQ:UAL) typically flies over Russia en route to India, while Delta (NYSE:DAL) and American Airlines (NASDAQ:AAL) already suspended flying over Russian airspace earlier this week.
Go deeper: Russia is said to derive a significant amount of money from the fees it imposes to use its airspace, or to land at one of its airports. The new ban will also affect the lucrative air-cargo services markets, impacting operations of carriers like FedEx (NYSE:FDX) and UPS (NYSE:UPS). In fact, cargo flights between Asia and North America account for a quarter of global freight traffic, according to the IATA, putting the supply chain on watch once again. (2 comments)
Central Banking
In the hot seat
Fed Chairman Jerome Powell will walk a tightrope over the next couple of days, addressing separate House and Senate panels as part of biannual hearings on monetary policy. The testimony before Congress will likely be his final public remarks before the FOMC embarks on a rate hike cycle, with inflation running at its highest level since the 1980s. Powell will emphasize his commitment to taming the price pressures, while being mindful of economic growth and geopolitical tensions surrounding Russia and Ukraine (not an easy task). Lawmakers will meanwhile question the Fed's balance sheet and global dollar demand, as well as labor/supply bottlenecks and financial conditions and stability.
Snapshot: Up until a week ago, markets were pricing in 25 basis point hikes at each of the FOMC's seven remaining meetings for 2022. There were even expectations of a stronger move this month, with some forecasting a 50 bps increase at the March 15-16 gathering. However, once the crisis in Ukraine erupted, investors dialed back those beliefs, and are now seeing around five hikes this year to bring the Fed funds futures rate up to a range of 1.25%-1.5%, according to CME data.
"Powell has to thread a pretty thin needle. The balancing act is going to be difficult," explained Mark Zandi, chief economist at Moody's Analytics. "My sense is he leads with the uncertainty that this all creates given that the Russian invasion could take many different paths, each one darker than the other. He'll reinforce the point that in a period of such heightened uncertainty, it might make sense for the Fed to be a little more cautious in enacting policy."
State of the Union: President Biden also made a reference to the central bank in last night's address, saying "confirm my nominees to the Federal Reserve, which plays a critical role in fighting inflation." (10 comments)
Today's Markets
In Asia, Japan -1.7%. Hong Kong -1.8%. China -0.1%. India -1.4%.
In Europe, at midday, London +0.8%. Paris +0.4%. Frankfurt +0.1%.
Futures at 6:20, Dow +0.5%. S&P +0.5%. Nasdaq +0.6%. Crude +6.6% to $110.27. Gold -0.7% to $1930. Bitcoin +1.4% to $44,150.
Ten-year Treasury Yield +4 bps to 1.75%
Today's Economic Calendar
Auto Sales
7:00 MBA Mortgage Applications
8:15 ADP Jobs Report
9:00 Fed's Evans: U.S. Monetary Policy
9:00 Fed's Bullard: U.S. Economic and Monetary Policy
10:00 Powell Testifies on Semi-Annual Monetary Policy Report
10:30 EIA Petroleum Inventories
11:00 Survey of Business Uncertainty
2:00 PM Fed's Beige Book
Companies reporting earnings today »
What else is happening...
Sales growth and profitability impress at Target (TGT).
Salesforce (CRM) pops as Q4 earnings beat expectations.
Blame Putin: AMD (AMD) tumbles on export control sanctions.
Apple (AAPL) cuts off online sales and product exports to Russia.
Moscow charges Meta (FB), Google (GOOGL) with 'inciting' social media war.
Wheat surges near $10/bushel as Russia's invasion strands shipments.
Kohl's (KSS) doubles quarterly dividend, announces $3B buyback.
Nordstrom (JWN) skyrockets as retailer issues strong guidance.
Stellantis (STLA) plans to launch Jeep electric SUV early next year.
Exxon (XOM) withdraws personnel, halts drilling operations in Russia.
Chevron (CVX) hikes buyback plans to as much as $10B annually.
Seeking Alpha’s Wall Street Breakfast Podcast
Seeking Alpha's Wall Street Breakfast podcast brings you all the news you need to know for your market day. Released by 8:00 AM ET each morning, it is a quick listen that you can put on as you get ready to start your working day.
USA needs to reopen our production of nat gas & oil wells/ drilling ASAP. 13 months ago USA was self sufficient and actually exporting our energy products to other countries.
Biden will pay OPEC much higher prices. Americans getting screwed.
How is it possible that OPEC is not opening the spigot at $110?
How is it possible that OPEC is not opening the spigot at $110?
What hopping to U.S. being self sufficient? Top 3 producers in the world.
I am waiting for $115 for the next investment in "the SHORT."
Biden has increased buying crude from Russia by 20% in last 8 months.
If shorting CRUDE I feel it may be prudent to save 10% of funds to buy at $120.00 (the ultimate top). IMO
Oil surges past $110 sparking fears of further hikes in petrol and diesel prices
LaToya Harding·Business reporter
Wed, March 2, 2022, 2:01 AM·4 min read
Brent crude (BZ=F) oil surged past $110 (£83) a barrel on Wednesday, its highest level since early July 2014, sparking fears that petrol and diesel prices will continue to rocket and add to the current cost-of-living squeeze.
The international benchmark climbed above $113, an increase of more than $12 since Russia first invaded Ukraine, while West Texas Intermediate (CL=F) also surpassed $111, its highest level since August 2013.
Stay ahead of the market
It came despite the US, Japan, and other major consumer nations agreeing to release 60 million barrels from their stockpiles in an attempt to stabilise global energy markets.
US president Biden is under increasing pressure from US lawmakers to suspend crude imports from Russia.
"We are prepared to use every tool available to us to limit disruption to global energy supply as a result of President Vladimir Putin's actions," White House spokeswoman Jen Psaki said.
She added that Washington would carry on looking at how to speed up moving energy supplies away from Russia. However, this has failed to tame the rally.
Brent crude prices soared past $110 on Wednesday. Chart: Yahoo Finance
Brent crude prices soared past $110 on Wednesday. Chart: Yahoo Finance
Last night, the International Energy Agency (IEA) also warned that the situation in energy markets was "very serious" and that global energy security was under threat.
Traders will have their eyes focused on Wednesday’s Organisation of the Petroleum Exporting Countries (OPEC) meeting where they will discuss production plans.
So far, it has confirmed that it will remain committed to the OPEC+ deal with Russia, and that it is not expected to change production plans despite the war in Ukraine. However, four OPEC+ sources told Reuters on Tuesday that the group would probably agree another 400,000 bpd increase for April.
“After the US and Saudi Arabia, Russia is the third largest oil producer globally with the addition of these strategic reserves paling into insignificance compared to the geopolitical supply shock from the war between Russia and Ukraine,” Victoria Scholar, head of investment at Interactive Investor, said.
“Having initially rallied to $100 a barrel less than a week ago, oil is up another 10% with $120 a barrel the next potential target if Russia continues its aggression.
“OPEC+, which gets set to meet later today is likely to keep its policy unchanged, drip feeding 400,000 barrels per day for March, despite attempts by the West to reduce oil prices to curb the risk of spiralling inflation.”
Read more: Stock markets mixed as Biden declares Putin 'dictator' in State of Union address
The increase in oil prices has also piled pressure on companies and consumers, with fears that petrol and diesel will rise further as price movements are determined by the price of crude oil.
The average price of petrol reached another new record high on Tuesday with the cost of a litre now at 151.67p. Diesel has also exceeded £1.55 a litre for the first time ever at 155.23p
Simon Williams, RAC fuel spokesman, said: “The sudden $10 jump in the oil price on Tuesday to $113 a barrel is likely to take the average price of petrol towards 155p a litre and diesel to 160p, particularly as it’s looking like this price isn’t just a market blip caused by the US and allies deciding to dip into the strategic oil reserve.
"If oil does stay at this level, the journey to an average unleaded price of 155p may be far too quick.”
Meanwhile, natural gas prices have jumped for the third consecutive day.
UK wholesale gas prices are now back up 37% to 397.48p per therm, close to their peak last Autumn, while benchmark European prices rose as much as 15% to €140 a megawatt-hour after jumping 23% on Tuesday. Dutch gas futures contract jumped 39% to €169.5 per megawatt hour.
It comes amid concerns that Russia will stop gas supplies to Europe in a retaliatory measure, as well as worries about pipelines being damaged in the conflict.
The higher costs are likely to be passed on to consumers, piling even more pressure on household bills at a time of record levels of inflation.
NRGD currently $2.93
3X INVERSE CRUDE
When this thing pops, watch out!
USA needs to reopen our production of nat gas & oil wells/ drilling ASAP. 13 months ago USA was self sufficient and actually exporting our energy products to other countries.
Brent crude @ 99.50 now > Tomorrow oil futures spike big time!
JP Morgan sees oil prices hitting $125 in 2022
$150/bbl in 2023
https://www.reuters.com/business/energy/jp-morgan-sees-oil-prices-hitting-125-2022-150bbl-2023-2021-12-02/
Putin declares war on Ukraine. Explosions happening in Kiev now!
Oil prices went negative a year ago: Here’s what traders have learned since
WTI
https://www.marketwatch.com/story/oil-prices-went-negative-a-year-ago-heres-what-traders-have-learned-since-11618863839#:~:text=On%20April%2020%2C%202020%2C%20the,the%20New%20York%20Mercantile%20Exchange.
Nows the time to be getting into oil. Both USO and bloomberg pro shares are ripe for the picking. Jumped in 2 days ago on UCO and USO
was -$40 earlier..... crazy right
Below is the information for the 6 million barrels
Bonny light crude oil from NNPC via CIF delivery.
REF: Nº: COMD/EXP.T/28/VOL.4/2084
EXPORT PERMIT LICENCE: EXP.T/28/VOL.4/2084
BULK APPROVED MPR REF Nº:DPR/DS/CTO/2018/VOL.83/077
QUANTITY OFF TAKE: 2,000,000.00 BARRELS MONTHLY
In accordance with the bulk approved allocation of NNPC equity shares off OPEC record, BULK APPROVED MPR
REF:Nº:DPR/DS/CTO/2018/VOL.83/077,EXP.T/28/VOL.4/2084 Approved .
This is to certify that 6 million barrels +/-5% Bonny light crude oil has been allocated ,out of the total export of 20,948,400 BARRELS(Twenty million, nine hundred and forty-eight thousand ,four hundred barrels BONNY LIGHT CRUDE OIL). Liftable from NNPC third quarter bulk
approved allocation 2009.
73.80 0.89 1.22%
as of 11:08 AM EDT on 08/21/2009 in USD (NYMEX Delay: 30 mins.)
Previous Close 72.91
Open Interest 265,834
Volume 138,030 on NYM
Day Low 73.68 11:01 AM EDT
Day High 74.20 11:01 AM EDT
Spread 0.52
Crude Hits 3-Month Highs On US Market Rally, OPEC Compliance Expectations
Tuesday, 17 March 2009 21:29:04 GMT
Written by Stefan Tifigiu, CFDTrading Research
Full Article: http://www.cfdtrading.com/story/Other_Markets/Oil_and_Gold/Fundamentals
Crude prices rose to 3-month highs today on expectations of better OPEC compliance coupled with rallies in US equity markets pushed prices higher. Gold prices continued modest declines today following strong US equity market rallies.Silver continued to fall in value following gold’s decline.
Commodities - Energy
Crude Gains On Housing Starts Data And OPEC Pledge For Compliance
Crude Oil (WTI) $48.910 +1.560 +3.29%
Crude prices rose to 3-month highs today on expectations of better OPEC compliance coupled with rallies in US equity markets. Some supply-side strength was provided by comments from Algeria’s Oil Minister Chakib Khelil in which he stated OPEC would reach 95% compliance by its next meeting in May. Given the current compliance rate of only 80%, this increase in compliance acts as some support for oil prices in lieu of production cuts. Further price strength was provided by a better-than-expected US Housing Starts release that rallied equity markets across all sectors. Price swings were extremely volatile but most of the market noise could be more attributed to traders excercising options contracts on the final day of front-month April futures contracts. Market noise aside, fundamentals are still in favor of lower crude prices for the near future. Even with supply pressures that greater compliance from OPEC will provide in the coming months, there is still significant amount of crude already in the markets. Those stockpiles will take time to be absorbed. Even with worldwide market rallies that have lasted most of the week, global crude demand will remain weak until a significant tangible economic turnaround occurs. So far there is little evidence of this. Tomorrow’s DOE numbers may be market moving as they are expected to show increases and could perhaps signal even further oversupply. If stockpiles rise more than forecasted, bearish pressures will return to the market and place pressure on prices back toward the psychologically significant $40 level.
Commodities - Metals
Gold And Silver Continue Decline On Unexpected US Equity Rallies
Gold $916.450 -6.705 -.73%
Gold prices continued modest declines today following strong US equity market rallies. The Producer Price Index in the US rose less than expected and could have offset some growing concerns of future inflation that might have provided gold with some strength. However prospects for medium to long-term growth remain fundamentally strong. Much of the market rallies that have weakened gold were fueled by leaked memos and expectations of operating profits under current conditions. Nonetheless, there is very little in the way of evidence that fortunes at financial institutions have reversed. There is evidence to the contrary in Monday’s news of increased credit-card delinquencies. Growth in delinquencies hints at the growing risks of credit-card related securities that many financial institutions hold. Losses there could derail positive sentiment and reverse market momentum. The relatively modest declines in Gold may be evidence of this. In the meantime, if global markets continue to rally, gold will likely trade flat.
Silver $12.745 -.18000 -1.39%
Silver continued to fall in value following gold’s decline. As we noted earlier, silver may be poised for a much stronger rally than gold given its historically lagging gains. There is however significant potential for upside if there are any market moving reports released that could derail positive sentiment. If that occurs, safe-haven metals will benefit.
http://www.CFDTrading.com provides news on the economic reports and political events that influence the CFD traders.
Followers
|
4
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
42
|
Created
|
03/18/09
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |