Russia’s Economy Suffers 10.5% Drop in April
The worldwide slide in oil prices – dropping to a current price of $60 a barrel from a high of $147 last summer – has been disastrous for Russia’s economy. Latest results indicate that Russia has suffered a 10.5% contraction in April from the same month one year ago. More
Factory orders in the eurozone – used as a measure of factory sales and orders – slipped by 0.8% for March bringing the total loss for the previous twelve months to 26.9 percent. More
Technical Analysis Suggests Gold Could Hit $1,250
A continuation of a pronounced “head-and-shoulders” pattern suggests that a price break-out could lead to a long-term uptrend with resistance forming at the $1,250 an ounce level. More
Tensions Rise as North Korea Fires More Rockets
Following on the heels of North Korea’s nuclear missile testing over the weekend, North Korea fired two more short-range missiles in a defiant move in the face of global opposition. More
