Daily Energy Hedger – February 22, 2012
Traders returned from the Presidents’ Day holiday weekend to discover that the Greek debt crisis had been resolved (yet again). It has been resolved a number of times since lateGas Petrospective – February 22, 2012
Natural gas prices sold back off on Tuesday, with prices dropping 5.8 cents per million Btu. That is to be expected. We had two sessions celebrating the fact that lastMorning Petrospective – February 22, 2012
Traders returned from the Presidents’ Day holiday weekend to discover that the Greek debt crisis had been resolved (yet again). It has been resolved a number of times since lateNo Fee for natural gas position management trades executed on the Parity Energy Platform (PEP)
No Fee for natural gas position management trades executed on the Parity Energy Platform (PEP)
Courtesy of Parity Energy Inc.
As a reminder, there is no fee for natural gas position management trades executed on the Parity Energy Platform (PEP)* for the remainder of February 2012. Read more
Morning Gold Fix – February 22, 2012
Summary
April Gold settled at $1758.50 per troy ounce on Tuesday, a gain of $32.60 for the day.
Apr gold was down $3.3 to $1755.2 per 100 troy ounces as of 8:25 EST this morning. The March U.S. dollar index was up .254 to $79.390. April platinum was up $15.0 to $1699.9 per 50 troy ounces. March silver was down 35.4 cents to $34.075.
Market Recap:
U.S. Markets were closed for President’s Day on Monday, but traders were following the latest news out of Europe closely. By Tuesday, almost anything could come out bullish for the metals complex did come out bullish for the metals complex. Platinum outperformed, ostensibly lifted by a Yen intervention last week that vivified Japanese manufacturing. Gold rallied on the back of a stronger Euro and the resolution of the latest Greek rescue package. Silver followed the other metals higher. Finally, we would be remiss not to mention China lowering reserve requirements in an effort to stimulate its economy.
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