Precious Metals

No QE2 yet, but at the ready to attack not just economic contraction but simple low inflation. Dow up 7.

Tim Price returns from holidays with that same vitriolic view on politicians, bankers, equity markets and debt. At least his views on gold haven’t changed.

NBER last night declared the US recession over. Wall Street responded accordingly despite NBER’s revelation the recession actually ended in June 2009. Dow up 145. (Locked for subscribers until 10:00 AEST)

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

A glance through the latest expert views and predictions about commodities with CBA suggesting sugar prices may be set to wane, plus oil and one observation about physical demand for gold.

Barclays Capital is upgrading base metal price forecasts as we enter a seasonally strong demand period.

The S&P 500 is stuck at its 200-day moving average with mixed data and lack of volume providing little in the way of direction from here. Dow up 22.

For the first time since 1988, the world’s central banks will buy more gold this year than sell it.

Platinum has failed to keep pace with other precious metals, observe technical market analysts at Barclays.

While Wall Street was stronger on IP data, volumes were low and other markets stood still as authorities tinkered or are anticipated to tinker. Dow up 46.