Cautious trading prevails on Tuesday as investors keep a close eye on the simmering Ukraine-Russia conflict ahead of a European Central Bank (ECB) meeting on Thursday and U.S. nonfarm payrolls (NFP) data due on Friday.
Currently, the U.S. dollar is trading near highs against the euro and yen as the Federal Reserve’s self-imposed late October deadline to end its quantitative easing (QE) program inches closer.
After I filed my earlier post about hydraulic fracturing in Colorado, I spotted this piece by the Sierra Club’s Dan Chu on the Huffington Post that hits on a similar theme. Chu is spending Labor Day weekend “exploring the wonderful beaches lining a small South Carolina coastal town.” He notes that local residents are concerned about oil companies’ plans to begin seismic surveys off the Atlantic coast, the first step toward possible offshore drilling.
Bitcoins are all about volatility. From their steeply fluctuating value in comparison to national currencies to the furious debate they generate about the future of money or even whether they are in fact a currency, they are inseparable from their explosive nature.
The prospect of tapping Central Asia and the Caspian for hydrocarbons has excited oil and gas companies of all colors and stripes for better parts of three decades. Activity gained momentum after the break-up of the Soviet Union with newly liberated republics chalking out their independent policy paths and allowing private sector petrodollars to flow in.
(Kitco News) – Gold prices are modestly higher in early U.S. trading Wednesday, on some mild short covering and a bit of safe-haven buying interest. However, the still-weak near-term technical postures for gold and silver are keeping the buyers wary. December Comex gold was last up $2.20 at $1,287.40 an ounce. Spot gold was last quoted up $5.20 at $1,286.25. December Comex silver last traded up $0.051 at $19.515 an ounce.