(Kitco News) - There is a severe mismatch between the long-term problems our society faces and the short-sightedness of our policymakers, according to New York Times best-selling author, Dambisa Moyo.The celebrated economist, who serves on the boards of Barclays Bank and Chevron, argued that liberal democratic government systems have not been conducive to solving the world’s most pressing so...Read More
Aluminium Target Level Today – Aluminium Mcx Sell call 85e given at price 155 Achieved 1st Target 154.10 & 2nd Target 153.60. CMP 153.50. Total Profit of 1.4 x 2 lot = 2.8 PointsTIPS ID 85e : Aluminium Tips - SELL Aluminium at CMP 155 for Target 154.10 - 153.60 with SL Above price 156 . Trade with 2 lotsAFTER POST CONTENT Read More
(Kitco News) - Although zinc prices have dropped from their recent five-year highs, the market dynamics are not expected to shift anytime soon and with little new production on the horizon, the focus is returning to Ireland, a leading jurisdiction in the base-metals space.Despite being one of the top mining jurisdictions in the world, Ireland has not been a major focal point in the mining sector,...Read More
Daily LME Stock Data : 11/05/2018Aluminium down by -925MT, Copper down by -4000MT, Lead up by 225MT, Nickel down by -1038MT & Zinc down by -550MT.AFTER POST CONTENT Read More
Today Intraday Zinc – Zinc BUY Call 863 given at price 207.50 Almost hit 1st Target 208.80. CMP 208.75. Total Profit of 1.25 Points per lotTIPS ID 863 : Today Zinc Free Tips - Buy Zinc at CMP 207.50 for Target 208.80 - 209.80 with SL below price 206.30AFTER POST CONTENT Read More
(Kitco News) - The gold market has been fairly resilient in the face of a three-week rally in the U.S. dollar and now that momentum in the greenback is starting to weaken, analysts say that gold has an opportunity to push back to the top end of its trading range.Ending a three-week losing streak, gold prices are looking to close the latest week with modest gains. June gold futures last traded at $...Read More
Today Zinc Free Tips – Buy Zinc at CMP 207.50 for Target 208.80 – 209.80 with SL below price 206.30AFTER POST CONTENT Read More
Aluminium Tips – SELL Aluminium at CMP 155 for Target 154.10 – 153.60 with SL Above price 156. Risk Taker trade 2 lotsAFTER POST CONTENT Read More
(Kitco News) - Gold prices have lost their modest early gains in late-morning action Friday. Generally weaker prices across the raw commodity futures spectrum are prompting a bit of selling interest in the precious metals markets. A lack of fresh, bullish fundamental news for the gold and silver traders is also adding some downside pressure. June gold was last down $1.40 an ounce at $1,321.00. By...Read More
(Kitco News) - Wall Street and Main Street are both heavily bullish on the near-term direction of gold prices, based on the Kitco News weekly gold survey.The traders and analysts who take part in the Wall Street poll cite mostly technical-chart factors - in particular, gold’s ability to hold around the 200-day moving average and the psychologically important $1,300-an-ounce level during a re...Read More
Despite the relentless rise of the U.S. dollar during the past four weeks, the gold price has managed to hold critical support at the $1300 level due mostly to crude oil continuing to rise. The GDX is also trying to close the week above its 200-day moving average and strong resistance at $23 on the back of a tame U.S. inflation report released on Thursday. The inflation report boosted both gold an...Read More
Pretium Resources Inc. (TSX, NYSE: PVG), which is ramping up the Brucejack Mine in British Columbia, reports an adjusted profit in the first quarter. Production totaled 75,689 ounces of gold and 94,730 ounces of silver, with officials reporting that output improving steadily through the first quarter. There is no comparable information from the year-ago quarter since Brucejack achieved commercial...Read More
SHANGHAI, May 11 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar fell overnight after the April consumer-price inflation data came in weaker than expected. The US dollar index closed at 92.71, down 0.42%.Base metals saw mixed trading. LME copper gained 1.5% as inventories declined. LME lead nudged up while tin lost 1.6% and...Read More
SHANGHAI, May 11 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar fell overnight after the April consumer-price inflation data came in weaker than expected. The US dollar index closed at 92.71, down 0.42%.Base metals saw mixed trading. LME copper gained 1.5% as inventories declined. LME lead nudged up while tin lost 1.6% and...Read More
SHANGHAI, May 11 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar fell overnight after the April consumer-price inflation data came in weaker than expected. The US dollar index closed at 92.71, down 0.42%.Base metals saw mixed trading. LME copper gained 1.5% as inventories declined. LME lead nudged up while tin lost 1.6% and...Read More
The latest news and price moves to start the Asian day on Friday May 11.Copper was the big gainer among base...Read More
The latest news and price moves to start the Asian day on Friday May 11.Copper was the big gainer among base...Read More
Base metals on the London Metal Exchange ended the week predominantly higher at the close of trading on Friday May 11, although aluminium fell 2% and edged below its $2,300 per tonne support level. The light metal fell to a low of $2,263.50 per tonne over the course of the afternoon, while its cash/three-month spread has widened into a contango of $10 per tonne, from $4.75c per tonne earlier in th...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Average daily volumes (ADV) on the London Metal Exchange rocketed as much as 63.2% year on year for the month of April, with aluminium's ADV difference soaring 117.5% higher, according to the bourse's latest monthly trading report. The LME's monthly trading report includes a breakdown of ADV, with its latest report excluding unallocated trades (UNA) for each metal. An UNA trade is a new service th...Read More