Market analysts at FXCM note silver continues to channel lower.
Chinese demand growth for iron ore is slowing, said BHP yesterday, and last night Wall Street panicked. Dow down 68. (Accessible only for subscribers before 10:15 AEDT)
Barclays capital still favours gold on a fundamental basis but is wary of potentially weak technical indicators at this point.
The positive vibe continues on Wall Street with surging Apple shares at the helm. The Dow was only up 6 points last night but the Nasdaq rose 0.8%. (Accessible only for subscribers before 10:15 AEDT)
A glance through the latest expert views and predictions about commodities with updates on oil and industrial metals, platinum’s premium to the gold price, thermal coal and the introduction of 2015 earnings forecasts for Australian resource companies.
With the spot gold price now well below its previous high, central banks have been taking the opportunity to load up.
Weekly update on recommendation, target price, and earnings forecast changes.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Joining Dow 13k and Nasdaq 3k we saw S&P 1400 last night for the first time since June 2008 as the rally continues. Dow up 56. (Accessible only for subscribers before 10:15 AEDT)
Jonathan Barratt of Barratt’s Bulletin addresses the recent steep falls in the gold price.