Base metals prices on the London Metal Exchange are for the most part firmer this morning, Tuesday April 24. The exceptions are aluminium (-0.8%) and tin (-0.1%), while the rest are up by an average of 0.4%, with three-month copper prices up by 0.5% at $6,963 per tonne.On Monday, the United States Treasury's decision that it will not impose secondary sanctions on non-US market participants for doi...Read More
Copper Today – Copper BUY Call 699 given at price 452 Achieved 1st Target 456.50 & 2nd Target 458. CMP 458.10. Total profit of 6.10 x 2 lot = 12.20 PointsAFTER POST CONTENT Read More
(Kitco News) - While interest in gold is starting to grow, the yellow metal did not get a warm reception at the 23 annual Sohn Investment Conference.In his presentation, John Pfeffer, partner at Pfeffer Capital, picked bitcoin over gold, saying that the cryptocurrency is “the first viable candidate," to replace gold.He added that bitcoin is better than gold "on every front."Wh...Read More
TORONTO (Reuters) - A driver plowed his white Ryder rental van into a crowd, killing nine people and injuring 16 along a roughly mile-long stretch of busy Toronto sidewalk during lunch hour on a sunny Monday afternoon, police said.Officials declined to answer questions about what motivated the driver to steer his vehicle toward people just before 1:30 p.m. (1730 GMT). They said the driver was in c...Read More
(Kitco News) - Barrick Gold Corp. (NYSE, TSX: ABX) reported late Monday that first-quarter adjusted earnings rose from a year ago despite lower production, with the company’s profitability helped by higher gold prices. Adjusted net earnings climbed 5% to $170 million, or 15 cents per share, from $162 million, or 14 cents, in the first quarter of 2017. According to news reports, this was sli...Read More
Copper Tips – BUY Copper 2 lot at CMP 452 for Target 456.5 – 458 with SL Below price 449.80AFTER POST CONTENT Read More
The precious metals complex has traded under pressure today with U.S. dollar strength contributing the most significant percentage of today's decline. Gold, silver and palladium's price decline resulted in major chart damage for all three precious metals. They all sustained a combination of selling pressure and dollar strength which took current pricing below their 50-day moving averages. As of...Read More
Aluminum Tips – RISK Taker BUY Aluminium at CMP 155.95 Add more at price 154.95 with SL 154.45 for Target 157.50 – 158.40AFTER POST CONTENT Read More
Live zinc Tips – Zinc Sell call 691 given at price 214.30 Achieved 1st Target 212.70. CMP 212.50. Total profit of 1.8 x 2 lot = 3.6 Points691 : Free ZINC Call - SELL Zinc at CMP 214.30 for Target 212.70 - 212 with SL Above price 215.60. RISK Taker trade 2 lots AFTER POST CONTENT Read More
Free ZINC Call – SELL Zinc at CMP 214.30 for Target 212.70 – 212 with SL Above price 215.60. RISK Taker trade 2 lotsAFTER POST CONTENT Read More
(Kitco News) - The dollar is emerging as the dominant driver of gold prices, according to the World Gold Council. In the short and medium term, gold’s prices can be explained by both the U.S. dollar and interest rates, but according to a recent report by the WCG, the dollar will overtake rates to explain the direction of the yellow metal. “The correlation between gold and US rates is w...Read More
(Kitco News) - Gold and silver prices were solidly lower in early-afternoon U.S. trading Monday. The metals sold off in the face of an appreciating U.S. dollar on the world foreign exchange market. The U.S. dollar index hit a more-than-three-month high today. There is also little risk aversion in the marketplace at present, which is another bearish element for the precious metals markets. June Com...Read More
(Kitco News) - Fundamentals are in place for precious metals, especially silver, to significantly break out of current trading ranges, according to a report from Bloomberg Intelligence.The report said that silver has a history of lagging its industrial metals companions and can rally as much as 50% by simply “catching up.”“Essentially unchanged from June 2016, silver has plenty o...Read More
(Kitco News) - Large speculators slightly increased their net-bullish positioning in gold futures, while slashing their net-bearish stance in silver, during the most recent reporting week for data compiled by the U.S. Commodity Futures Trading Commission.However, analysts pointed out, the next report - due out Friday - will likely show that the bullish posture in gold has since fallen, as prices h...Read More
(Kitco News) - Investors appear to be shunning gold once again as the geopolitical tension continue to ease but one international bank says that investors should at least keep one eye on the yellow metal as prices look to increase through the rest of the year.In a research report published Monday, Barnabas Gan, commodity economist at OCBC Bank, said that he was raising his gold forecast, reversin...Read More
(Kitco News) - The gold market continues to struggle to maintain momentum as its quiet summer period quickly approaches, but one research firm is expecting that prices will break out of their current trading channel by the end of the year and be solidly above $1,400 an ounce in 2019. Following a positive first quarter for gold, the research team at Murenbeeld & Co. increased its price forecast...Read More
(Kitco News) - On holiday last week, I am missing the nuance of the past few trading days. We suggested that the technical picture was looking positive with the caveat that $1,355 on a close basis was necessary to create further upside momentum. Looking at last week's charts, traders were unable to push gold through this level. The weakness overnight was generated from two factors. The first was N...Read More
SHANGHAI, Apr 23 (SMM) – This is a roundup of global macroeconomic news last weekend and what is expected today.Last weekendAs the US treasury yield surged, the US dollar index closed at 90.33 last Friday night, up 0.58% over the week. It recorded a two-week high of 90.48 at one point.Base metals performed relatively wealyk with mixed trading. SHFE nickel continued to weaken over 1%, alumini...Read More
SHANGHAI, Apr 23 (SMM) – This is a roundup of global macroeconomic news last weekend and what is expected today.Last weekendAs the US treasury yield surged, the US dollar index closed at 90.33 last Friday night, up 0.58% over the week. It recorded a two-week high of 90.48 at one point.Base metals performed relatively wealyk with mixed trading. SHFE nickel continued to weaken over 1%, alumini...Read More
SHANGHAI, Apr 23 (SMM) – This is a roundup of global macroeconomic news last weekend and what is expected today.Last weekendAs the US treasury yield surged, the US dollar index closed at 90.33 last Friday night, up 0.58% over the week. It recorded a two-week high of 90.48 at one point.Base metals performed relatively wealyk with mixed trading. SHFE nickel continued to weaken over 1%, alumini...Read More