Euro-Area Industrial Output Surpasses Forecasts

Euro-Area Industrial Output Surpasses Forecasts: Economy - Bloomberg

Euro-area industrial output expanded more than economists forecast in February, adding to signs that the economy is beginning to emerge from a recession.  Factory production in the 17-nation economy rose 0.4 percent from January, when it dropped 0.6 percent, the European Union’s statistics office in Luxembourg said today. That is more than the 0.2 percent gain projected by economists, according to the median of 35 estimates in a Bloomberg News survey. Output fell 3.1 percent in February from the year-earlier month.

Yen Breaking 100 Per Dollar Sets Up 101.25: Technical Analysis

Yen Breaking 100 Per Dollar Sets Up 101.25: Technical Analysis - Bloomberg

A weakening in the yen past the key psychological support level of 100 per dollar will likely see it extend losses to 101.25, IG Markets Securities Ltd. said, citing trading patterns.  A monthly chart shows the yen halted its decline to 101.25 in November 1999 before again meeting resistance around that level in January 2005. The yen rose 0.3 percent to 99.38 against the dollar as of 8:06 a.m. in London. It yesterday touched 99.95, the weakest since April 14, 2009, when it last traded at 100.  “You can draw a pretty clean horizontal line from the end of 1999,” said Junichi Ishikawa, a market analyst at IG in Tokyo. “Yen crosses have been firm, so it’s possible that if the yen breaks support at 100, it’ll weaken further, targeting that 101.25 level.”

Natural Gas soars on calls for colder weather returning to northern U.S.

Natural Gas soars on calls for colder weather returning to northern U.S. By Investing.com

Investing.com - Natural gas futures soared in afternoon trading on Friday after weather forecasting services predicted below-normal temperatures to arrive in the central plains and Midwest states next week.  On the New York Mercantile Exchange, natural gas futures for delivery in May traded at USD4.106 per million British thermal units, up 4.04%.  The commodity hit a session low of USD3.932 and a high of USD4.122.

Are We in a Natural Gas Bull Market? (UPL)

Are We in a Natural Gas Bull Market? (UPL)

After hitting record lows last year, natural gas prices are finally moving higher, with storage volume levels 32% lower compared with the same time last year. Natural gas production also continues to be curtailed, with drilling rigs receding 36% year over year.  Gas prices are currently hovering around $4 per MMbtu, more than double the price from last April. Does this mean we're now in the throes of a natural gas bull market?

Uh-oh! Is gold, silver confiscation next?

Uh-oh! Is gold, silver confiscation next?


Lawmakers in President Obama’s home state want to know who is buying and selling gold.