Cotton Falls, While Orange Juice Rises
Agricultural commodities showed a mixed performance. Cotton fell on fear about lack of demand, while orange juice was rising on forecasts of falling supply.
Cotton …
Technical Analysis, May 13th — May 17th, 2013
The technical analysis, that includes the indicators’ data and major pivot points for Brent Oil, Gold, Silver and Copper as traded on spot market as of May 11th, 2013:…
Technical Analysis of Bitcoin Mining
Bitcoins are decentralized from any central government to eliminate the possibility of overproduction leading to inflation. This leaves the creation of the currency up to the users; the process of creating …
Gold & Crude Tumble as Dollar Rallies
Commodities tumbled today as the US dollar rallied. The greenback rallied to the highest level in five weeks and the Dollar Index advanced above 83 for the first time …
Corn, Soybeans & Wheat Sink as USDA Predicts Record Harvest
The US Department of Agriculture predicted a record harvest of corn, soybeans and wheat. Prices for the crops slumped as a result.
Total output of the three grains will climb …
The New Sotheby’s of Bitcoins
Sotheby’s is the renowned trader of luxury items known for trading selling expensive items like diamonds, real estate and unique artworks. Many items sold …
Gold & Crude Oil Fall as Unemployment Claims Boost Dollar
Commodities, including gold and crude oil, fell today after positive US unemployment claims boosted the dollar. Claims for unemployment benefits declined from 327,000 …
Coinbase Receives Five Million Dollar Startup
Coinbase the online Bitcoin trading company has recently received a five million dollar investment from Union Square Ventures; the largest investment in Coinbase to date …
Physical Demand Pushes Gold Higher
Gold futures rallied today on signs of physical demand in India and China. The recent big drop of prices attracted buyers to the metal.
Gold has dropped 12 …
Copper Rallies, Struggling to Maintain Gains
Copper rallied today on hopes that the eurozone will be able to contain its financial crisis. European Central Bank President Mario Draghi said …
