Weekly Round-Up: Commodities Markets Eye US Economic Talks
Concerns about the approaching fiscal cliff continued to cast a damper on trading this week.
Concerns about the approaching fiscal cliff continued to cast a damper on trading this week.
Platinum – A brief overview of platinum price developments, supply and demand and significant market movers.
With the US election in the past, investor attention has returned to Europe, which slid back into recession this week.
Zinc – China looks ready to lead zinc higher with rising manufacturing numbers, but Eurozone worries are a cause for concern.
To further evaluate where specific financial markets stand within the current economic environment, many have looked at commodity prices through wave theory to determine if a supercycle is likely
World stocks took a hit on Thursday following the Fed's announcement of Operation Twist and unfavorable economic data from the Eurozone.
Gold – Jonathan Kosares, author of a yearly report on the seasonality of gold, says investors may see a drop in June or July, with a bounce back in the fall.
Copper – Copper can predict the health of the economy. When copper prices rises, it is seen as a prediction that the economy is about to grow; when copper drops, often a decline in the stock market follows. While investors seek ways to protect themselves against inflation, copper is an important commodity to consider.
Oil – The political uprisings in the oil-rich region of the Middle East and North Africa are pushing oil prices to a dangerous level that threatens to force many still recovering economies into another recession. Wayne Atwell, Managing Director of Casimir Capital, spoke with Oil Investing News, a part of The Resource Investing News Network, about the possible implications for the resource markets.
Copper – Bloomberg reports that Copper prices rose, extending a rally to a record approaching $4.50 a pound.
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