Precious Metals

Profit-taking capped the best September on Wall Street in 71 years. Dow down 47.

In a meandering day for stocks, the highlight was a lower US dollar allowing copper to finally take the psychological US$8000/t level. Dow down 22.

A glance through the latest expert views and predictions about commodities, with arguments in favour of higher metal prices medium-term even allowing for a short-term correction post recent gains.

While stocks recovered from a weak US consumer confidence survey the US dollar fell, allowing gold to push through the US$1300 mark. Dow up 46.

Moody’s and Bob Prechter conspired to send Wall Street lower last night after the big Friday rally. Dow down 48.

Fears Chinese would not buy gold this holiday season given its price are proving unfounded, while in the US retail dealers are finding the supply of gold coins is being squeezed once more.

Grand Private Equity’s Wesley LeGrand has lined up a few views, charts, insights and characteristics about gold.

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

A weak European PMI reading swung the focus back to the other side of the Atlantic last night. Dow down 76.

Stocks were wary but commodities went for a run last night as the world weighed up the prospect of more Monopoly money in the system. Dow down 21. (Locked for subscribers until 10:00 AEST)