Daily FNArena News - Commodities

Recent weakness in the oil price may be just the beginning according to Morgan Stanley, the broker suggesting there is a structural shift underway in the market.

JP Morgan joins the club.

As gold has breached US$600/oz, traders are assuming the long anticipated final quota of European central bank sales have been behind the falls, and that everyone else has stepped aside.

Merrill Lynch has chimed in with a round of significant upgrades following Citigroup and GSJB Were last week.

Two leading proponents of the Super Cycle have again raised metal price forecasts – within days of each other – in what has become a monotonously regular feature of the commodities bull market.

There are many small miners pouring their first gold, but in the scheme of things Australian gold production numbers are less than encouraging.

While small miners battle it out for uranium in Queensland that may never be mined, small miners in South Australia are joining forces to exploit government support.

Gold production in both Australia and South Africa has fallen, but new project development has not been the case in South Africa.

Following the popularity of exchange traded funds on gold, silver and oil, the London Stock Exchange is listing no less than 29 new funds on everything from aluminium to wheat.

Deutsche Bank is the latest global analyst to turn its attention to uranium, and it sees demand overshooting supply for some time yet.