The Oxford Club’s resources strategist suggests investors should keep an eye on silver.
Brokers advise caution on picking gold stocks, while zinc and lead markets are tight, oil supply is expected to strengthen and China puts the pincers on fertiliser policy.
OZ Minerals has suffered a substantial reduction to the share price and brokers ponder the reasoning behind it.
US Fed policy a key feature for the 2014 commodities outlook but nickel, aluminium and gold are seen as subdued, while JP Morgan thinks US shale oil could still change the game in crude.
Weakness rules as traders set themselves up for December tapering, just in case. Dow down 129. (Accessible only for subscribers before 10:15 AEDST)
Markets are split down the middle as to whether the Fed will announce tapering next week or later. Dow down 52. (Accessible only for subscribers before 10:15 AEDST)
Talk from Fedheads that tapering may start next week has not fazed a Wall Street now resigned to the inevitable. Dow up 5. (Accessible only for subscribers before 10:15 AEDST)
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
A surprisingly strong GDP revision put tapering front and centre on Wall Street last night. Dow down 68.(Accessible only for subscribers before 10:15 AEDST)
Jonathan Barratt of Barratt’s Bulletin suggests US$1170/oz is the last level of support for gold which may be tested before a recovery can be established.