Daily FNArena News - Commodities

The uranium spot market was a little busier last week than the week prior, but pressure to sell has taken another slice off short term pricing.

Comex short positions in gold are elevated and this is often followed by a rally in price, while ETF demand is seen as a key support for the price of the metal.

Canadian research house Raymond James has resumed coverage on global uranium producers, foreseeing solid price upside commencing late this year.

A glance through the latest expert views and predictions about commodities with further revisions to price forecasts and updates on the oil, base metal, coal and steel markets.

Jonathan Barratt of Barratt’s Bulletin points to bullish consolidation patterns for both gold and silver, suggesting upside.

Has US shale been overestimated? One commentator sees a surge in the US natgas price over the next sixth months, which has implications for Australia’s gas aspirations.

Rising zinc stocks highlight weak market fundamentals, which offers the potential for further price weakness.

Another slow week in the uranium spot market sees the price slip a little further on very slim volumes.

Investment U suggests certain silver coins are a way for investors to buy silver at below spot prices.

With the oil price falling in June then rallying in July market views have been updated, with forecasts revised as factors such as shale oil, Iran and Russian output are worked into models.