Dollar Strength Hits Commodities

New York, Dec 17th (TradersHuddle.com) – The Raw-materials sector in the S&P 500 index was hard hit as an increase in the value of the greenback pushed down prices of dollar- denominated commodities including aluminum, copper and gold. Gold and copper prices were slammed and they erased the previous gains from earlier in the week. … Continue reading “Dollar Strength Hits Commodities”

Natural Gas Surges on Stockpiles Decline. Anadarko Petroleum Discloses New Discovery

New York, Dec 10th (TradersHuddle.com) – Natural Gas is surging to an 11-month high, after a report from the Energy Department showed a bigger inventory decline than analysts expected. Inventories declined 64 billion cubic feet in the week ended Dec. 4 to 3.773 trillion cubic feet. The contract for January delivery rose more than 6.5%. … Continue reading “Natural Gas Surges on Stockpiles Decline. Anadarko Petroleum Discloses New Discovery”

Roller Coaster Ben

New York, Dec 7 (TradersHuddle.com) – As the Federal Reserve Chairman Ben Bernanke spoke a key and very strong market reversal occurred with the weakness in the Dollar. The Dollar Index dropped as Ben Bernanke provided little clues regarding the Fed’s interest rates policy and gave no indications that the good economic improvements are leading … Continue reading “Roller Coaster Ben”

Gold Weakness to Continue Monday

New York, Dec 6 (TradersHuddle.com) – Electronic trading and Asian stock markets are putting pressure to price of gold down another 1.54% this Sunday night. The price of Gold tumbled last Friday after a better than expected unemployment number, resulting in a big spike in the Dollar and a big sell-off in Gold. Gold has … Continue reading “Gold Weakness to Continue Monday”

Gold Getting Tarnished?

New York, Dec 3 (TradersHuddle.com) – The last month the market has seen continuous rotation, except for the financial sector that has been lagging in this latest leg up in the market. Gold on the other hand has greatly outperformed the S&P 500 since September and especially the last leg up that started in early … Continue reading “Gold Getting Tarnished?”