Precious Metals

Wall Street has concluded that a Fed exit is inevitable eventually and has decided it’s time to switch out of yield stocks. Dow down 106. (Accessible only for subscribers before 10:15 AEST)

Strong confidence and house price data pushed stocks up and bonds down on Wall Street, despite the Fed tapering risk. Dow up 106. (Accessible only for subscribers before 10:15 AEST)

An inflation theme is emerging while copper stocks are set to build and there is a battle for gold, but iron ore prices may not fall too far.

It was quiet overnight with both the US and UK markets closed for holidays. (Accessible only for subscribers before 10:15 AEST)

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

Falling prices and economic uncertainty are weighing heavily on the gold sector, strangling exploration activity.

Fed talk, weak Chinese data and a big sell-off in Japan have all made for a wild 24 hours on stock markets. Dow down 12. (Accessible only for subscribers before 10:15 AEST)

Jonathan Barratt of Barratt’s Bulletin suggests there is enough demand for physical metal to imply the April low in gold should hold.

Wall Street was confused last night by Bernanke’s comments and the Fed minutes, but it appears a big sell order hit the market regardless. Dow down 80. (Accessible only for subscribers before 10:15 AEST)

The April de-rating of precious metals as an inflation hedge and safe haven has forced analysts to strongly rethink their gold and silver outlooks.