Base Metals and Minerals

A glance through the latest expert views and predictions about commodities with both NAB and Goldman Sachs revising commodity price forecasts and Macquarie expecting Chinese demand will underpin prices in coming months.

The commodities sell-off continued to snowball last night, assisted by some weak US economic data. Dow down 83.

Barclays Capital’s analysis of monthly seasonal trends shows May tends to be a good month for equities, nat gas and the US dollar, while commodity currencies and aluminium find the going tougher.

The current advance in risk assets is increasingly carried by a smaller group of leaders. This is not how a bull market looks like, highlights GaveKal.

Silver continued its plunge and stole the limelight last night as Wall Street bungled along to a mixed close. Dow “unch”.

A USD in apparent freefall is extending long term uptrends for commodities and other assets, reports Barclays.

Some more favourable earnings reports and no GDP surprise pushed Wall Street ever higher last night as the US dollar continued to slip away. Dow up 72.

Another rally on Wall Street lent itself half to more solid earnings results and the latter half to Ben Bernanke’s press conference. Dow up 95.

ATW’s Jerry Simmons explores potential scenarios for silver, copper, EUR/USD and US equities.

The S&P 500 finally recovered its pre-Lehman level last night on solid earnings results in a thin market. The silver bubble has burst for now. Dow up 115.