Base Metals and Minerals

Bernanke’s scheduled testimony to Congress was relatively upbeat last night, and there was no mention of QE3. The Dow thus retreated 53 and gold plunged nearly US$100. (Accessible only for subscribers before 10:15 AEDT)

A glance through the latest expert views and predictions about commodities with global and Chinese metal demand’s importance for prices, the earnings impact of a stronger AUD and NAB’s revised commodity expectations.

Hardly convincing, but the cheer went up when the Dow managed to close at 13,005 on a 23 point gain. (Accessible only for subscribers before 10:15 AEDT)

While cancelled warrants have limited availability of aluminium in LME warehouses China and Europe remain keys to the market longer-term.

FNArena’s weekly update on short positions in the Australian share market.

Market analysts at FXCM suggest crude oil and metal prices are now vulnerable as risk appetite is unravelling.

Wall Street rebounded hard from a weak opening last night but the Dow yet again failed to hold above 13,000, finishing square at 12,981.(Accessible only for subscribers before 10:15 AEDT)

Ahead of the Herd’s Rick Mills points out investors should consider the resource sector given the demand on supply of an increasing global population and rising standards of living.

Weekly update on recommendation, target price, and earnings forecast changes.

Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.