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Lior Cohen's  Instablog

Lior Cohen
  • on Gold & Precious Metals
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Hi I'm Lior, an MA graduate in Economics. I have worked for several years in a variety of economic related positions, and in 2010 I started my own blog – Trading NRG, which is a news and analysis blog about gold, silver, natural gas and oil.
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Gold & Silver Monthly Outlook
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Trading NRG
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  • Oil prices declined – Weekly recap Jan 31-4 Feb

    Crude oil price weekly recap Jan 31-4 Feb – Trading Energy

     Oil prices continued to fall during the end of the week, despite the price hike it gained during the beginning of the week, mainly related to the turmoil in Egypt.

    Here is a weekly recap for January 31 to February 4th on the main changes in oil price:

    The current news from Egypt show that the riots continue and there are still calls for President Hosni Mubarak to step down of his presidency effective imminently; nonetheless it seems that the effect of the ongoing Egyptian protests on oil price has subsided for now, as the price probably already incorporated the rise in the uncertainty in the Middle East  (for more on the Egyptian turmoil and its effect on crude oil price, see here).

    Feb 06 3:39 AM | Link | Comment!
  • Oil price continues rally on Egyptian protest –January 31

    The latest news from Egypt is that later on today a huge protest in Cairo will be held. The purpose of the rally is to demand from the President Hosni Mubarak to step down from his presidency.

     

    In preparations for this huge protest, the uncertainly in the region has risen sharply. One of the major factors that were affected from this news item is oil price, which as expected, sharply inclined yesterday.

    Fruther reading on Crude oil price continue rally on Egyptian protest – Trading Energy 

    Feb 01 4:20 AM | Link | Comment!
  • Weekly outlook for Natural gas, Crude oil and Gold 24-28 January

    Here is a weekly outlook for the week of January 24th to 28th showing the news items and reports that will be published this coming week mainly related to the US, Australia, Japan and EURO economies.

    This forecast shows how prices of major commodities could be affected from these reports which include the following (all times GMT):

    1. Monday 24th of January tentative (postponed indefinitely) – Publishing the US Treasury Currency Report by the Department of Treasury: This report which is published twice a year provides information and analysis such as economic policies and economic conditions, on the US and major countries. Last time the report (July 2010) showed that the US is still on a high unemployment rate of 9.5%, however it did show an economic growth of an average 3.5% per quarter (annual basis), which was higher then the weighted-average of 2.4% of the other G7 countries. This report could provide insight into the economic growth and stability of major countries and thus inform us how their condition could affect commodities prices. (For the previous report check in this link)

    The rest of the weekly forecast related to crude oil and gold on Trading Energy in this link


    Tags: GOLD
    Jan 23 11:38 AM | Link | Comment!
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