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The EIA issued its weekly report regarding the natural gas market in the U.S. for the week ending on January 14th:


Natural gas price fell during that week, also consumption and storage of natural gas declined, while the temperatures fell below normal average. Here are the highlights of the report along with my input:

Prices

NG price (Henry Hub): the weekly average fell last week compare to its previous week by 1% reaching an average price of 4.46 USD/MMBTU a fall of 4 cents per MMBTU.

This decline in price is mostly attributed to the decline in consumption as will be presented herein.

Consumption

Despite the cold weather (see below) there was a ...

Yesterday the last business day of the week showed oil price (WTI) continues its descent, the same goes for gold and silver prices, while natural gas prices continues to sharply incline.

Here is a daily recap for January 21st of the main price changes in major energy commodities and precious metals:

Energy prices:

Natural gas spot price (Henry Hub) continues to rise for the second straight day as it sharply inclined yesterday by 3.5% and settled on 4.73 USD/MMBTU.

The Nymex Henry Hub Future (futures for February) also continues to rise, after it sharply inclined by nearly 2.85% on Thursday, yesterday it rose by a moderate 1.07% and settled on 4.74 USD/MMBTU. As the maturity on the ...

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[FONT=verdana]In the previous review, we noted that the global equities were bullish and sentiments were positive. The EURUSD made a quick rebound after a low of 1.29+ and was testing the 1.34 region. Having said so, certain issues of the market remains and one must be careful.[/FONT]


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In this weekly recap on current gold prices and silver prices for January 18th to 21st, the week started off with some optimism as silver prices rose by over 2% nearing the 29$/t. oz mark. Later this week the precious metals started to fall and on Thursday the silver and gold prices dropped precipitately by 4.6% and 1.7%, respectively.

In total, gold prices fell by nearly 5.8% during the month of January, while silver prices decreased by 11.9%.

Let's break down these metals' prices and their changes in this passing week:

Prices Analysis:

Gold prices have declined by 2% from beginning to end of the week; this week's average price was 1,356 USD /t. oz – a 1.6% decrease compare to ...