It was down, it was up, it was down and it was up again, for little change. Bernanke twists while Wall Street dances to a wild beat. Dow down 12. (Accessible only for subscribers before 10:15 AEDT)
If 2009-11 is any guide, the gold price should be a lot higher than it is right now based on the latest round of the European crisis. Why isn’t it?
Hopes of some form of action from the Fed had Wall Street more buoyant last night, while European markets surged as Greece appears close to forming a government. Dow up 95. (Accessible only for subscribers before 10:15 AEDT)
ATW’s Jerry Simmons is seeing positive technical signals for the euro, gold, natural gas and the Nasdaq.
Greece may have voted to stay, but with questions remaining, the path from here is a lot less clear. Dow down 25. (Accessible only for subscribers before 10:15 AEDT)
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Wall Street was all over the shop last night as the headlines rained down, with preparations for coordinated global stimulus the underlying theme. Dow up 155. (Accessible only for subscribers before 10:15 AEDT)
JP Morgan has initiated coverage on Perseus Mining with an Outperform rating, attracted to production growth and valuation upside.
Jonathan Barratt of Barratt’s Bulletin believes a low may well be forming in gold ahead of a stimulus-related recovery.
It only took one non-FOMC Fed member to hint at QE3 and Wall Street was away and running once more. Dow up 162. (Accessible only for subscribers before 10:15 AEDT)