An overview of the minor metals markets and the reasons for any price moves.Read More
Base metals prices on the London Metal Exchange are down across the board by an average of 0.6% this morning, Wednesday March 28. Losses are bunched together between 0.9% for lead and 0.3% for aluminium, with copper off by 0.7% at $6,613 per tonne.Volume has been average with 7,833 lots traded as of 07:47 am London time. Although prices are lower, most of the metals seem to be trying to consolidat...Read More
K Alex Stewart, founder and chairman of global inspection and analysis organization Alex Stewart International, died peacefully on Monday March 26 at the age of 83.Stewart dedicated his life to metals sampling and assaying, and had 67 years' experience in the sector. He gained extensive experience in all aspects of sampling and assaying by working his way up from basic laboratory duties before gai...Read More
European alloy surcharges for April deliveries of grade-304 cold-rolled (CR) stainless steel sheet have risen amid further increases in nickel costs, making it the third consecutive month with a rise in the surcharge.The April alloy surcharge for 2mm grade-304 CR stainless steel sheet - based on data published by Outokumpu, Acerinox and Aperam - is ?,?1,336-1,407 per tonne ($1,659-1,748). This up...Read More
(Kitco News) - Gold might be sharing some of its magic allure with the struggling sister metal, silver, said the head of commodity strategy at Saxo Bank, adding that there is a growing demand for safe investment options that are cheaper than gold.If gold manages to break above its resistance at $1375 an ounce, silver can benefit, said Ole Hansen in a note on Tuesday.“The current rally may he...Read More
Copper call – Copper sell call 2af given at 432.10 cmp 429.20 near to tgt. Low risk taker book 2.9 points per lotTips id 2af : Copper Calls - SELL Copper at CMP 432.10 Add more at price 434 with SL Above 435.90 for Target 429 - 427.50AFTER POST CONTENT Read More
(Kitco News) - Bitcoin’s fall below $8,000 on Tuesday, hitting a two-week low, could reignite interest in the silver market, according to one commodity analyst. Andrew Hecht, creator of the Hecht Commodity report wrote in a recent post on seekingalpha.com that one of the reasons why silver underperformed within the precious metals sector, is because it faced tough competition from cryptocurr...Read More
(Kitco News) - Investors are breathing a sigh of relief after Monday’s across-the-board 2% rally in equity markets, but one Canadian bank warned that technical indicators don’t support higher prices in the long term.“Distribution forces appear more dominant as global equities are showing negative reversals below technical support levels on heavier volume,” Sid Mokharti, tec...Read More
Copper Calls – SELL Copper at CMP 432.10 Add more at price 434 with SL Above 435.90 for Target 429 – 427.50AFTER POST CONTENT Read More
(Kitco News) - Gold and silver prices ended the U.S. day session lower Tuesday, on profit taking from recent gains. Gold prices hit a five-week high overnight, while silver notched a three-week high. A rebound in the U.S. dollar index today also worked against the precious metals market bulls. April Comex gold futures were last down $12.70 an ounce at $1,342.40. May Comex silver was last down $0.1...Read More
NEW YORK (Reuters) - Bullion investors, miners and makers of coins will help drive the fifth straight annual increase in total global gold investment in 2018, CPM Group said in its Gold Yearbook 2018 on Tuesday, citing geopolitical tensions and fears that the bubbling U.S. economic expansion will end in a 2019 recession.“The changing global monetary policy landscape coupled with long in the...Read More
It is difficult to say when the ‘free’ gold market came into existence, since there always has been one. Yes, the gold price has been set and fixed by governments for long periods of time throughout history, as part of various types of gold standards. However, gold prices always have fluctuated around those official prices. Setting such nuances aside, the modern gold market 50 years ag...Read More
Today Aluminium Tips – Buy Aluminium at CMP 132.15 for Target small at price 132.90 – 133.45 with SL below price 131.25AFTER POST CONTENT Read More
Today Aluminium Hold Tips – SELL Aluminium APRIL at CMP 132.85 Hold for 2 days for Target small at price 130.50 – 129.60 with SL Above 133.50AFTER POST CONTENT 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
After having a great four-day run from the bottom, gold is now starting to fail from the top end of the range. Last week gold had one of its best weeks of the year, covering from the lows to the highs, similar to the pattern it had the week of Feb. 12.The Feb. 12 rally failed at resistance, and this rally looks like it will fail as well. The market footprints indicate consolidation and with gold d...Read More
The latest news and price moves to start the Asian day on Tuesday March 27.Base metals prices on the London Metal Exchange closed mostly in positive territory on Monday March 26, barring copper and aluminium. Read more in our live futures report.Here are how LME prices looked at Monday's close:London-based metals merchant Concord Resources is eyeing opportunities, including those for physical...Read More
The latest news and price moves to start the Asian day on Tuesday March 27.Base metals prices on the London Metal Exchange closed mostly in positive territory on Monday March 26, barring copper and aluminium. Read more in our live futures report.Here are how LME prices looked at Monday's close:London-based metals merchant Concord Resources is eyeing opportunities, including those for physical...Read More
Base metal prices on the London Metal Exchange remained high at the close of trading on Tuesday March 27, with only aluminium moving down. Aluminium was the only downward mover, dropping $7.50 to $2,044.50 per tonne while it continues to lack momentum."Its technical configuration is starting to improve and now badly needs follow-up buying to help the price of the light metal to edge higher. Going...Read More
Copper-gold miner Newcrest has restarted mining operations at its Cadia project in Australia, two weeks after a tailings spill caused a shutdown.Processing at the Cadia complex will remain suspended yet Newcrest will stockpile the mine ore at the mine's surface until processing is able to...Read More