China's crackdown on copper scrap imports will fundamentally alter global flows but it also presents a significant opportunity for entrepreneurial merchants and innovative companies, panelists said at Metal Bulletin's fourth annual copper seminar in New York on Wednesday June 6. The Chinese central government announced in April that it will ban imports of all Category 7 scrap items by the end...Read More
Key data from the Wednesday June 6 pricing session in Shanghai.Please click on the above tables to view more in-depth pricing data about these assessments in Metal Bulletin's price book.Key drivers - Wider availability of scrap supplies reported after the China National Certification and Inspection Group (CCIC) Canada division...Read More
Mcx Lead Tomorrow call – BUY Lead today at CMP 169.30 for Tomorrow Target 170.90 – 171.50 with SL below price 168.10 Read More
NICKEL TODAY TIPSNickel Today Tips – Nickel SELL Call b0f given at price 1049 Low risk taker book profit at CMP 1045. Total 4 Points x 2 lot = 8 Points Profit at CMP. RISK taker Carry callCALL ID b0f : Nickel Trading - SELL Nickel at CMP 1049 for Target 1040 - 1035 with SL Above price 1058 Read More
Mcx Zinc Today Level – Zinc Sell Call b0b, given at Avg price 215.75 (215.40+216.10 made 216.25 at 06:24pm). Achieved 1st Target 214. Made 213.95 at 08:01pm. Total profit of 1.75 x 2 lot = 3.50 Pointsb0b : Tips for Zinc Today - SELL Zinc at CMP 215.40 Add more at price 216.10 for Target 214.00 - 213.20 with SL Above price 216.80 Read More
FREE MCX COPPER CALLSCopper Calls – SELL Copper at CMP 479.2 for Target 475 – 473.50 with SL Above price 781.50. Hold and Carry Upto Result Read More
Nickel Trading – SELL Nickel at CMP 1049 for Target 1040 – 1035 with SL Above price 1058 Read More
US ZONE Data : Today Revised Nonfarm Productivity q/q 0.4% VS 0.7% Revised Unit Labor Costs q/q 2.9% VS 2.7% Trade Balance -46.2B VS -49.0B >> Slight Negative for Bulions>> DATA IS LOW IMPACTED Read More
There are opposing and opposite forces currently at play affecting gold prices.U.S. equities continue to rage to the upside, with the NASDAQ closing at a new all-time high for the third consecutive day and the Dow back above 25,000. This risk-on market sentiment coupled with recent dollar strength has put significant pressure on the precious metals complex including gold.At the same time, there ar...Read More
Tips for Zinc Today – SELL Zinc at CMP 215.40 Add more at price 216.10 for Target 214.00 – 213.20 with SL Above price 216.80 Read More
FREE ZINC TIPS TODAYFree Zinc Tips Today – Zinc Intraday Sell Call b06, given at price 216.20 Achieved 1st Target 215.10 & 2nd Target 214.20. Made 213.85 low. Total profit of 2 Point x 2 lot = 4 points / Rs 20000CALL ID b06 : Zinc Calls- SELL Zinc at CMP 216.20 for Target 215.10 – 214.20 with SL Above price 217.30. RISK taker trade 2 lots Read More
Roberta Rampton, David LjunggrenWASHINGTON/OTTAWA (Reuters) - U.S. President Donald Trump is not backing down from the tough line he has taken on trade, the White House’s top economic adviser said on Wednesday, setting the stage for a showdown with top allies at this week’s G7 summit in Canada.The meeting on Friday and Saturday in Charlevoix, Quebec, will be the first chance G7 leaders...Read More
WASHINGTON (Reuters) - Mick Mulvaney, the interim head of the Consumer Financial Protection Bureau, has disbanded three boards whose members include consumer advocacy groups and which advise on policy at the financial watchdog, board members said on Wednesday.The decision to dismantle the boards was communicated to members via an email and conference call on Wednesday, the members said. It drew sh...Read More
(Kitco News) - The Bank of Mongolia (BoM) announced on Tuesday a five-month campaign aimed at increasing national gold reserves under the “Gold-2” national program.Named the "National Gold to the Fund of Treasures,” the campaign encourages gold miners and individuals to sell gold to the central bank and commercial banks, while introducing training and educational programs fo...Read More
Daily LME Stock Inventory ReportMetal Stock from London Stock Exchange – 06/06/2018ALUMINIUM -5750 ,COPPER -2550 ,NICKEL -1098 ,LEAD -750 ,TIN -25ANDZINC +6600 Read More
Zinc Calls- SELL Zinc at CMP 216.20 for Target 215.10 – 214.20 with SL Above price 217.30. RISK taker trade 2 lots Read More
(Kitco News) - Gold prices are trading near steady in early-afternoon U.S. trading Wednesday. Silver prices were sporting moderate gains and hit a three-week high today. This week’s stabilization in the yellow metal does favor the bulls. More upside price action in gold this week would produce positive chart signals to suggest a near-term market bottom is in place. August Comex gold futures...Read More
Gold may need a fresh catalyst to surge again, says Lukman Otunuga, research analyst at FXTM. As of 9:05 a.m. EDT, spot metal was $2.30 higher to $1,298.10 an ounce. “There is a possibility that safe-haven gold could be waiting for the G7 [Group of 7] summit on Friday to make its next big move,” Otunuga says. “Although global trade fears remain a dominant market theme, the yellow...Read More
(Kitco News) - Gold prices continue to meander in a tight range, with any significant break-out likely to await the Fed meeting next week. Yesterday's comment from a member of the ECB that the conclusion of the QE program may be plausible by year-end provided some lift to the euro and modest buying in gold. It is unlikely gold will break through the recent $1,287 - $1,307 range until the Fed decis...Read More
(Kitco News) - Gold held by global exchange-traded funds increased by 15 tonnes in May, led by increased activity in Europe and Asia, according to the World Gold Council (WGC). Holdings stood at 2,484 tonnes at the end of the month, the organization said Wednesday.This was the third straight month of inflows, which followed April’s impressive increase of 72.2 tonnes that marked the larg...Read More