OZ Minerals has disappointed brokers and the market by downgrading production guidance for 2013. What does it mean for the outlook?
Wall Street is quietly confident a meeting this morning between the president and Congressional leaders will at least result in an extension. Dow up 64. (Accessible only for subscribers before 10:15 AEDST)
This week ATW’s Jerry Simmons examines the US-listed goldminers ETF and suggests its weakness is signalling more downside for the gold price.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Wall Street bounced hard on anticipation of a debt extension agreement in Washington. Dow up 323. (Accessible only for subscribers before 10:15 AEST)
Jonathan Barratt of Barratt’s Bulletin notes US inflation is waning again. The new Fed chair may yet provide more gold-positive stimulus.
The confirmation of Janet Yellen’s appointment as Fed chair provided some respite from the shutdown/ceiling debacle last night. Dow up 26. (Accessible only for subscribers before 10:15 AEST)
Metals prices could be in a trading range, according to Citi. JP Morgan shuffles key base metal picks while Macquarie surveys investors at the LME summit.
September was a volatile month for commodities, particularly energy, and NAB analysts look at where prices may be heading.
Another day of shutdown, another fall on Wall Street. Dow down 159. (Accessible only for subscribers before 10:15 AEDST)