Base Metals and Minerals

A glance through the latest expert views and predictions about commodities, with differening opinions as to whether resource stocks are over-reacting to the Henry tax review.

European markets gave the Greek rescue a vote of no confidence last night sparking a huge flight to quality and sending stocks and commodities tumbling. Dow down 225.

While the proposed resource tax is nothing but bad from an industry point of view, confusion over details has led to varying analyst interpretations before we even consider whether this legislation will pass.

Barclays Capital’s review of seasonal trends shows May tends to be a positive month for equities, energy and precious metals.

To add further to copper’s woes, April has left a bearish signal on price charts.

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

A glance through the latest expert views and predictions about commodities, with infrastructure issues in South Africa likely to support coal but copper seen at a risk of a deeper correction.

Confident of a Greek rescue, Wall Street embraced a raft of strong earnings reports and positive economic data last night. Dow up 122.

Copper has surprised to the downside and experts are now asking: when will copper prices stop falling?

Wall Street dismissed the inevitable downgrading of Spain last night and instead embraced the Fed’s brighter picture. Dow up 53.