Precious Metals

JP Morgan has initiated coverage of OceanaGold, seeing potential for the company’s Philippines asset to prove transformational.

Wall Street jumped last night on a report Cliff negotiations were progressing, until the Democrats poured cold water on the idea. Dow up 78. (Accessible only for subscribers before 10:15 AEDST)

A wrap of the day’s activity on the Australian stock market.

Goldman Sachs sees a peak for the gold price in 2013 while Credit Suisse cites research suggesting the gold price may be the result of bubbling investor momentum.

Wall Street is focused on the Fed and Cliff not on Italy or China right now. Dow up 14. (Accessible only for subscribers before 10:15 AEDST)

A wrap of the day’s activity on the Australian stock market.

Robust demand for mining and communications technology signals strong outlook for Codan, according to Moelis.

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

Ahead of the Herd’s Rick Mills discusses how to sift the data from the bullshine when it comes to the actual costs of gold producers.

The ECB held its rate steady despite lowering its GDP forecasts, as developments in Spain and Italy provide cause for concern. Dow up 39. (Accessible only for subscribers before 10:15 AEDST)