Daily FNArena News - Commodities

National Australia Bank is forecasting an easing of base metal prices from record highs over the course of 2007 due to long-awaited production increases, but zinc will remain tight.

National Australia Bank economists join the consensus view that the gold price will be higher in 2007.

ABN Amro analysts suggest that while the Switkowski report is a positive for the Australian uranium industry, little will be achieved in the short term.

Australian gold producers have been deliberately reducing production in the face of higher gold prices, as is the practise amongst all metal miners.

Read between the lines of recent securities analyst research reports and it would seem a platform has already been created for another higher than expected iron ore contract price rise in 2007.

US-based trading guru Dennis Gartman is no gold bug. But he likes gold now and has increased his long position. He advises investors do the same.

Experts suggest there is simply not enough platinum to allow the creation of an ETF. The price has plummeted in response.

Ziggy really sang. A draft of the government-commissioned nuclear energy report has been handed down in Canberra.

The platinum price recorded its highest jump in more than six years in London overnight.

The uranium spot price has risen further in the past week.