COPPER HOLD POSITIONAL CALLCopper Hold Positional Call 1da Suggested SELL at Price 446 Achieved 1st Target 430. CMP 428. Total Profit made 18 Point x 2 lot = 36 Points / Rs 36000TIPS ID 1da : Copper Positional Call - SELL Copper Mcx April at CMP 446 for Target 430 - 425 with SL Above price 453. Trade Multi lotsAFTER POST CONTENT Read More
(Kitco News) - Large speculators slashed their bullish exposure to gold by 18% in the latest weekly data compiled by the Commodity Futures Trading Commission, but the next round of figures is likely to show that bulls have regained their footing after the late-week price rally.The data showed a record level of bearish positioning in silver, although this is also likely to have been scaled back by...Read More
(Kitco News) - Gold continues to trade in the pattern that has developed since the Fed began raising rates. This consists of a weakening pattern into the anticipated Fed meeting, a blip lower on the announcement and then a strong rally. We suggested that gold would potentially see a $1,307 print ahead of the announcement, with a suggestion to enter, when the news broke. The initial bounce to the $...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
Last week gold and silver held the bottoms, and both had big rallies. Gold rallied from $1,306, gaining almost $40, and silver rallied from $16.10, gaining 55 cents. The real question: can these rallies hold and go higher or are they just testing the upper end of the ranges they have been in for the last couple of months. The answer is complicated. They certainly can break out to the upside, but b...Read More
Prices in the global billet markets started to slip in the week ended Friday March 23 amid growing negative sentiment caused by expectations of change after the introduction of protective tariffs against imported steel in the United States following the investigation under Section 232.Additionally, US President Donald Trump unveiled plans for fresh trade sanctions against China on Thursday, which...Read More
Prices in the global billet markets started to slip in the week ended Friday March 23 amid growing negative sentiment caused by expectations of change after the introduction of protective tariffs against imported steel in the United States following the investigation under Section 232.Additionally, US President Donald Trump unveiled plans for fresh trade sanctions against China on Thursday, which...Read More
London-based metals merchant Concord Resources is eyeing opportunities brought about by resource nationalism and protectionism, after announcing results that show how the company's rapid expansion accelerated through 2017. Concord tripled its net profit after tax, bringing in $20.73 million over 2017 - its second full trading year - representing a 23.9% gross return on average equity. Annuall...Read More
Base metals prices on the London Metal Exchange mostly closed in positive territory on Monday March 26, with copper the only exception. After a morning of price dips across the complex, the majority of metals found support throughout the day from the weaker the weaker dollar. The dollar index hit a low of 89.02. "The dollar is weak once again which helped prices pick up throughout the day. But cop...Read More
Galvanizers in Europe are largely resistant to volatile and rising zinc prices, senior executives in the industry said at the Metal Bulletin Zinc and its Markets Seminar in London.Continuous and batch galvanizing processes are able to pass the higher costs of zinc onto their customers for a range of reasons, the executives said on March 23.For continuous galvanizing, where steel sheets are process...Read More
Price losses have deepened in the Chinese ferro-silicon spot market as restarted production increasingly weighs on supplier sentiment, although demand from the magnesium market is giving some support. China market weakness persists... ...but Mg sector demand stems price losses Europe eases with lower offer pricesUS suppliers cut prices amid competition Renewed supply drags down Ch...Read More
Chinese charge chrome and spot ferro-chrome slipped slightly on Friday March 23 in anticipation of lower Chinese ferro-chrome tender prices for April, while tightening supply pushed up US prices. Chinese charge chrome and spot ferro-chrome prices fall US high-carbon ferro-chrome quotations rise South Korea and Japan anticipate softening markets Stability reigns on European ferro...Read More
London-based metals merchant Concord Resources is eyeing opportunities brought about by resource nationalism and protectionism, after announcing results that show how the company's rapid expansion accelerated through 2017. Concord tripled its net profit after tax, bringing in $20.73 million over 2017 - its second full trading year - representing a 23.9% gross return on average equity. Annuall...Read More
Consumer resistance to recent high prices pushed low-grade manganese ore prices lower on Friday March 23, while manganese alloy prices in Europe and the United States were unchanged in quiet market conditions. Consumer backlash drives low-grade ore prices lowerHigh-grade ore prices keep edging upChinese alloy futures and physical prices weaken furtherAlloy prices weaken in IndiaAlloy prices hold...Read More
Antimony prices fell last week in Europe after more material reached warehouses in Rotterdam while demand remained weak; the Chinese market continued to be subdued lacking further direction.Metal Bulletin assessed MMTA standard grade II antimony in-warehouse Rotterdam prices at $8,500-8,675 per tonne, down 0.7% from Wednesday's assessment and down from $8,600-8,800 per tonne level the week before....Read More
The Chinese silicon export market continued to weaken over the past week due to soft demand, while prices in the European market were unchanged.Metal Bulletin assessed the Chinese grade 553 silicon export price at $1,960-2,000 per tonne on Friday March 23, down from $1,980-2,030 per tonne in the prior week, with sellers lowering their offer prices to entice business from otherwise uninterested buy...Read More
Turkish steel producers have entered a third week with no deep-sea trading, while offers and bids in the market kept the daily scrap indices largely flat, sources said on Monday March 26.Metal Bulletin's daily index for Northern European HMS 1&2 (80:20) closed the day at $368.10 per tonne cfr, up by only $0.41 per tonne day-on-day.The daily index for similar US-origin scrap closed at $378.08 per t...Read More
Turkish domestic auto bundle scrap prices remained largely steady over the past week, with most steel mills in the country keeping their buying prices unchanged, while ship scrap prices dipped slightly, sources said on Monday March 26.Metal Bulletin's weekly price assessment for domestic auto bundle (DKP grade) scrap in Turkey was unchanged at TRY1,300-1,520 ($327-382) per tonne delivered on...Read More
Comex copper prices on Monday March 26 remain at a December 2017 low with a potential trade war between the United States and China, along with increased warehouse stocks, weighing on the complex. Copper for May settlement on the Comex division of the New York Mercantile Exchange declined a further 1.80 cents or 0.6% to $2.9750 per lb. The red metal was pressured by a 37,575 tonne delivery into Lo...Read More
Base metals prices on the London Metal Exchange are down across the board by an average of 0.5% this morning, Monday March 26, led by a 1.1% fall in copper to $6,577 per tonne. Volume has been high with 12,433 lots traded as of 07:18 am London time.In precious metals, gold prices are off by 0.2% at $1,344.89 per oz, while silver and platinum prices are little changed and palladium prices are up by...Read More