Daily FNArena News - Commodities

TradeTech has lowered its weekly spot price indicator by US$4/lb putting pressure on share prices of uranium companies at the start of a new week.

As the US yield curve normalises, the oil curve is swinging into backwardation. This should, in theory, lead to an oil price reversal.

A short term pullback, a return to strength, and then a gradual decline. That’s the conclusion for the uranium market at present.

A lack of speculative interest has caused TradeTech’s weekly spot price indicator to fall to US$135/lb. Is this the peak or just a pause?

The Australian uranium market has slowed in recent weeks but Resource Capital Research expects the spot price to continue to rise over the next year.

Canada’s National Bank Financial is of the view that buyers may shift their focus to longer term prices instead of the spot market.

Why isn’t gold rallying at a time of possible financial market crisis?

Recent weakness in nickel prices reflects a growing view the market is heading from balance to a widening surplus, causing a number of analysts to lower their forecasts.

The Silver Stock report argues Swiss gold sales will not impact the market while gold watcher James Turk calls a new technical low.

Just when gold bulls were hoping European central banks sales were coming to an end, along comes Switzerland.