Base Metals and Minerals

The financial sector led the Dow down 240 points last as the IMF declared no end in sight to housing woes.

Some better economic data saved Wall Street from further destruction on Friday, although attempts to rally were mostly snuffed out. The Dow closed up 21.

Newcrest is finally delivering on production expectations at Telfer and with new project to deliver a reserve upgrade broker remain positive on the stock.

The financial sector collapsed last night as a worst than expected home sales figure snapped the market out of its trance. The Dow fell 283.

Oil fell another US$4 last night, three Dow stocks “beat the Street”, but the Dow managed only to stagger up 30.

The Dow closed up 135 on its late rally last night following news that sent oil falling and financials soaring.

As costs blow out in Brazil, analysts see the potential for an Alumina Ltd capital raising as the little antipodean gets pushed around by an incompetent Alcoa.

B of A beat the Street but failed to ignite the market for a second week as oil bounced. The Dow was down 30 but there were some very poor aftermarket results.

The Dow jumped another 207 last night as oil fell another US$5 and JP Morgan played the star.

The moratorium on short-selling had its effect last night as traders rushed to cover positions in financials. Oil fell another US$4 and the Dow shot up 276.