Zinc Positional Tips – Zinc SELL Positional Sell call 78b given at price 203.60 CMP 201.30. Low risk taker book 2.3 x 2 lot = 4.6 Points. RISK taker hold as per call78b : Zinc Positional Call - SELL Zinc at CMP 203.60 for Target 199 - 197 with SL Above price 206AFTER POST CONTENT Read More
As a possible near-term scenario mentioned in this column last week, the gold price has indeed been sold down to the $1300 level this week while the surging U.S. dollar has reached the 92 region on the Cash Settle Index. Although the GDX has done a yoeman job of keeping one step ahead of both gold and U.S. equities since early February, there are clear signals the $1300 - $1365 three-month range i...Read More
(Kitco News) - Gold prices have quickly lost modest gains that occurred in the aftermath of the U.S. jobs report. The U.S. dollar index has pushed to solidly higher levels on the day. It appears that traders read the U.S. jobs report as initially downbeat, as the non-farm payrolls rise of 164,000 in April did not meet expectations for a gain of 195,000. However, the overall U.S. unemployment rate...Read More
Tahoe Resources Inc. (TSX: THO; NYSE: TAHO) says a labor strike at its La Arena gold mine in Peru has been resolved. The strike began April 20. Tahoe says “it was agreed by all parties that operations at La Arena should resume as soon as possible, as this is in the best interest of all stakeholders.” Tahoe says it anticipates that operations will reach normal levels within the nex...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
Holdings of gold by exchange-traded funds have fallen in recent days after rising during April, points out Commerzbank. The ETFs trade like a stock but track the price of the commodity, with metal put into storage to back the shares. “The gold ETFs tracked by Bloomberg have recorded outflows of 10.5 tonnes so far this week,” Commerzbank says. “Holdings were topped up by 60 tonnes...Read More
Thursday saw a rally in the metals; however, both gold and silver made their highs early in the morning and spent the rest of the day selling off. Gold remains weak as it battles at the $1,310 level. Silver is still stronger than gold and the trade is long silver, short gold. Today is jobs Friday and promises to move the metals in a big way, with the direction to be determined. Based on past jobs...Read More
SHANGHAI, May 4 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index traded rangebound around 92.4 overnight, buoyed by the upbeat economic data. The market was also looking more cues from US-China trade talks.Most LME metals fell, but copper rebounded and hit a weekly high as inventories declined. LME zinc tumbled 1.3% to...Read More
SHANGHAI, May 4 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index traded rangebound around 92.4 overnight, buoyed by the upbeat economic data. The market was also looking more cues from US-China trade talks.Most LME metals fell, but copper rebounded and hit a weekly high as inventories declined. LME zinc tumbled 1.3% to...Read More
SHANGHAI, May 4 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index traded rangebound around 92.4 overnight, buoyed by the upbeat economic data. The market was also looking more cues from US-China trade talks.Most LME metals fell, but copper rebounded and hit a weekly high as inventories declined. LME zinc tumbled 1.3% to...Read More
The latest news and price moves to start the Asian day on Friday May 4.Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Thursday May 3, with zinc diving to its lowest point since August 2017. Read more in our live futures report.Here are how prices looked at Thursday's close:Teck Resources has signed annual zinc concentrate supply deals with Europea...Read More
The latest news and price moves to start the Asian day on Friday May 4.Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Thursday May 3, with zinc diving to its lowest point since August 2017. Read more in our live futures report.Here are how prices looked at Thursday's close:Teck Resources has signed annual zinc concentrate supply deals with Europea...Read More
An overview of the battery raw materials markets and their price moves from the past week. Read More
Base metals on the London Metal Exchange ended the week on a high at the close of trading on Friday May 4, with aluminium's three-month price rocketing 3.5% over the day. The light metal found support during the afternoon, rebounding to a high of $2,367.50 per tonne. Aluminium's cash/three-month spread moved from a backwardation of $1 per tonne earlier in the day, to $20.50b per tonne by clos...Read More
Last week's delivery of more than 60,000 tonnes of zinc into Antwerp's LME-listed warehouses, the largest single inflow since May 2013, has sent the zinc price spiralling lower to fresh 2018 troughs.Zinc's three-month price dropped 1.2% to a low of $2,970 per tonne during morning trading on Friday May 4, and finished the day 2.7% higher at $3,055 per tonne.Yet in response to the spike in inventori...Read More
An overview of the battery raw materials markets and their price moves from the past week. Read More
Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week.Base metalsKorea Zinc, the world's largest custom zinc smelter by volume, has agreed to annual zinc concentrate supply contracts based on the treatment charges (TCs) set between Teck Resources and European smelters, Metal Bulletin understands.South Africa and New Zealand's non-exemption from the...Read More
An overview of the battery raw materials markets and their price moves from the past week. Read More
Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week.Base metalsKorea Zinc, the world's largest custom zinc smelter by volume, has agreed to annual zinc concentrate supply contracts based on the treatment charges (TCs) set between Teck Resources and European smelters, Metal Bulletin understands.South Africa and New Zealand's non-exemption from the...Read More
Ferrous scrap prices in the major global markets remained firm during the working week from Monday April 30 to Friday May 4, with single exception of the United States.Although Turkish steel producers halted their deep-sea scrap purchases at the end of last week, suppliers have kept their offers strong this week.But the decreases in Turkish import prices seen in previous weeks have only now been r...Read More