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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.
My company:
Gold & Silver Monthly Outlook
My blog:
Trading NRG
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  • Monthly recap on Gold & Silver prices for Dec 2010
     The month of December ended the year with an upward trend for both spot gold price and Silver prices. It’s worth mentioning that Silver prices, more than Gold, showed a steep rise of nearly 9% as it passed the 30 usd/t. oz. mark and almost reaching 31 usd/t.oz.
    Tags: GOLD
    Jan 03 4:06 PM | Link | Comment!
  • Weekly outlook for Crude oil, Natural gas and Gold 3-7 Jan
     After the final week of 2010 is behind us, it’s time to look forward on the first week of 2011 and see what are the main news we should notice that are related to the commodities markets as Crude oil and Natural gas, and precious metals such as Gold and Silver.

    Here is a weekly outlook for the week of January 3rd to 7th showing the main news items and reports that will be published this coming week mainly about the US and EURO economies; This outlook will provide some insight on how the prices of major commodities such as crude oil price and natural gas spot price might be affected from these news items. The repots include the following (all times GMT):

    To continue in the following link:

    www.tradingnrg.com/weekly-outlook-for-crude-oil-natural-gas-and-gold-3-7-jan/


    Tags: GOLD
    Jan 03 3:02 AM | Link | Comment!
  • Natural gas was found off the shore of Israel estimated at 95 billion dollars
     Today it was reported that there a substantial amount of Natural gas found in an offshore drilling off the coast of Israel.

    Leviatan – the Natural gas drilling project which is owned by (in brackets the percent of ownership): Delek drilling (22.67%) , Avner (22.67%) , Ratio (15%) and Nobel Energy (39.66%), was reported today to contain an estimated amount of over 16 TCF (trillion cubic feet) Natural gas.

    This recent finding was reported to be the biggest Natural gas caches this year for offshore drilling worldwide, and is nearly twice the amount of Natural gas caches that were found last year in the drilling area Tamar – another offshore drilling project off the shores of Israel.

    As a result of this news the stocks of the above-mentioned companies rose substantially, with Delek drilling rising by 5.12%, Avner by 4.44% and Ratio by 10.27% at the Tel Aviv Stock Exchange.

    This Natural gas finding is estimated to be worth roughly 95 billion USD (before discount), and could have a very positive effect on the Natural gas market.

    The total estimated amount of Natural gas found of coast of Israel in the past couple of year is 25 TCF, and is estimated to provide more than the total consumption of Natural gas in Israel for the next 50 years. Thus, it is speculated that this recent finding will be more targeted as export to Europe.

    The fight over this finding, however, has just begun as there is a committee that will decide how many royalties and taxes these drilling companies will have to pay for these Natural gas caches, which I have reviewed in the past.

    The next step is to see if there will also be in this Leviatan drilling area crude oil.

    For further reading:

     



    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
    Dec 30 5:15 AM | Link | Comment!
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