(Kitco News) - Gold prices were holding modest gains in midday trading Monday, which is impressive given the upbeat trader and investor attitudes in the marketplace to start the trading week. June Comex gold futures were last up $3.30 an ounce at $1,351.20. May Comex silver was last up $0.057 at $16.715 an ounce. The marketplace late last week had fully anticipated the U.S.-led missile attack on...Read More
Aluminium Tips Today – Aluminium BUY Call 5cf given at price 150.55 Achieved 1st Target 151.40 Made 151.70. TOTAL profit of 0.85 x 2 lot = 1.70 Points Profit5cf :Today Aluminium - BUY Aluiminium at CMP 150.55 for Target 151.40 - 151.90 with SMALL SL 149.90. RISK taker trade 2 lotsAFTER POST CONTENT Read More
Free Zinc Live – Zinc BUY Call 5ce given at price 203.70 CMP 204.80. Achieved 1st Total 1.10 x 2 lot = 2.20 Points / Rs 110005ce : Zinc Today - Buy Zinc at CMP 203.70 Add more at price 203.10 with SL below 202.50 for Target 204.70 - 205.50. RISK Taker trade 2 lotsAFTER POST CONTENT Read More
COPPER CARRY TIPS TODAYCopper Carry Tips – BUY Copper Commodity at CMP 443.60 for Target 446.80 – 448 with SL below price 440.50. RISK Taker trade 2 lotsAFTER POST CONTENT Read More
Zinc Commodity – Zinc BUY Call 5ce given at price 203.70 CMP 204.60 (Near to 1st TGT) Total profit of 0.9 x 2 lot = 1.80 Points5ce : Zinc Today - Buy Zinc at CMP 203.70 Add more at price 203.10 with SL below 202.50 for Target 204.70 - 205.50. RISK Taker trade 2 lotsAFTER POST CONTENT Read More
(Kitco News) - Legendary investor Jim Rogers says market participants should enjoy the rally in stocks while it lasts, issuing a dire warning that “the worst correction of his lifetime” is coming.U.S. stocks opened higher on Monday as the corporate earnings season continued, with Bank of America reporting better-than-expected quarterly results.The Dow Jones Industrial Average rose 182...Read More
Today Aluminium – BUY Aluiminium at CMP 150.55 for Target 151.40 – 151.90 with SMALL SL 149.90. RISK taker trade 2 lotsAFTER POST CONTENT Read More
Zinc Today – Buy Zinc at CMP 203.70 Add more at price 203.10 with SL below 202.50 for Target 204.70 – 205.50. RISK Taker trade 2 lotsAFTER POST CONTENT Read More
Nickel Trading Tips – Nickel Commodity Buy Carry call 5d4 given at price 903 Achieved 1st Target 912. CMP 912.50. Total 9.5 x 2 lot = 19 Points Profit5c4 : Nickel Carry Call - BUY Nickel at CMP 903 Add more at price 898 for Target 912 - 916 with SL below price level 893, RISK taker trade 2 lotsAFTER 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
Prices decreased in most markets last week, with demand for rebar remaining subdued in many regions, but a recovery in prices for semi-finished material in China led to improved sentiment in some countries later in the week.Raw materialsGlobal scrap prices showed different trends last week, with prices in Turkey being volatile, while decreases were seen in India and Taiwan.Metal Bulletin's daily i...Read More
Prices decreased in most markets last week, with demand for rebar remaining subdued in many regions, but a recovery in prices for semi-finished material in China led to improved sentiment in some countries later in the week.Raw materialsGlobal scrap prices showed different trends last week, with prices in Turkey being volatile, while decreases were seen in India and Taiwan.Metal Bulletin's daily i...Read More
Aluminium on the London Metal Exchange continued its record-breaking rally by the close of trading on Monday April 16, rocketing over 5% to reach a high of more than $2,400 per tonne.The light metal closed a dollar short of the $2,400 pertonne mark, its highest since September 2011.Despite lighter volumes in comparison to last week's 35,871lot average, aluminium's strong sentiment continues to dom...Read More
The London Metal Exchange will allow open positions with Russian aluminium producer Rusal to remain open until June 5 and hedges to be unwound as long as payments are made into segregated accounts, it said in a notice to its members on Monday April 16. Some LME members holding hedging or clearing contracts with UC Rusal have been worried about having to immediately unwind positions since the Unite...Read More
Lack of buying support and falling prices weighed on the Chinese ferro-chrome price assessment on Friday April 13 and market participants predicted subsequent softening to trickle into Japan, where demand is soft; US high-carbon prices fell temporarily in a quiet trading week. Japan and South Korea ferro-chrome prices nudge down Weak demand from stainless steel mills weigh on Chinese ferro-c...Read More
Chinese domestic ferro-silicon prices stabilized last week, with production cuts and a sudden jump in ferro-silicon futures on the Zhengzhou Commodity Exchange supporting the free market. China garners production, futures support Europe awaits tenders results US ends six-week losing streak Metal Bulletin assessed Chinese domestic spot ferro-silicon (basis 75% silicon) prices uncha...Read More
Spot market treatment and refining charges (TC/RCs) for copper concentrates rose for the first time since January on Friday April 13 following an enforced shutdown of Sterlite's Tuticorin smelter. The Metal Bulletin spot TC/RC index rose by 2% on Friday to $67.20 per tonne / 6.2 cents per lb, reflecting a willingness among traders to sell to smelters at higher levels. "At the start of Cesco [...Read More
Chinese domestic ferro-silicon prices stabilized last week, with production cuts and a sudden jump in ferro-silicon futures on the Zhengzhou Commodity Exchange supporting the free market. China garners production, futures support Europe awaits tenders results US ends six-week losing streak Metal Bulletin assessed Chinese domestic spot ferro-silicon (basis 75% silicon) prices uncha...Read More
Chinese silicon export prices edged lower on weak consumption, while European prices followed China down and US prices dropped on the US International Trade Commission's (ITC) ruling against anti-dumping and countervailing duties on imports from key suppliers.Chinese grade-553 silicon export prices moved down to $1,900-1,960 per tonne on April 13, from $1,940-1,980 per tonne one week ago. Cheap ma...Read More
Turkish steel producers continued their deep-sea scrap purchases for May on Monday April 16 but the prices have gone down slightly following the latest bookings, Metal Bulletin has heard.A steel mill in the Iskenderun region booked a European cargo, comprising 12,000 tonnes of HMS 1&2 (75:25) at $342 per tonne and 12,000 tonnes of bonus at $362 per tonne cfr, late on April 13.Another steel mill in...Read More