No monetary policy changes have been forthcoming from any of Japan, the eurozone or UK. Dow up 33. (Accessible only for subscribers before 10:15 AEDST)
Jonathan Barratt of Barratt’s Bulletin notes a flow out of gold exchange traded funds is keeping a lid on the metal despite preceptions of cheap prices.
Solid US economic data ensured another rise on Wall Street, but activity was less than convincing. Dow up 42. (Accessible only for subscribers before 10:15 AEDST)
Rio Tinto’s outlook is guardedly positive, weak gold is offering opportunity, while Credit Suisse sees some light at the end of the tunnel for nickel.
The Dow entered blue sky territory last night, boldly going where it has never been before, in rising 125 points. (Accessible only for subscribers before 10:15 AEDST)
FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. ANZ analysts note extreme levels of speculative shorts in the US gold market, setting the metal up for sharp short-covering rallies.
After a maiden interim profit brokers decided the selling of Sandfire Resources had gone far enough. Five out of seven brokers have upgraded recommendations.
Wall Street shrugged off sequesters and Chinese property restrictions to again close higher last night. Dow up 38. (Accessible only for subscribers before 10:15 AEDST)
Analysts suspect iron ore’s price rebound is short term, coal is still plentiful and the copper surplus is eroding. Gold prices should ease.
Brokers remain nervously confident over Newcrest’s expansion plans while feeling management is a little ambitious, but already one broker has downgraded its target price.