Last night, gold prices traded lower overseas. Moving to a two-week low Monday morning in European trading, gold dropped to $1,307.50. Concerns about the outcome of this month’s FOMC meeting, which begins tomorrow and concludes on Wednesday, was a significant contributing factor to the selloff.The nervousness behind the lower pricing in gold was primarily based on the belief that the Fed wil...Read More
(Adds quotes, CEFC statement)By Jan LopatkaPRAGUE, March 19 (Reuters) - Chinese officials have told a visiting Czech delegation that the chairman of Chinese conglomerate CEFC China Energy, Ye Jianming, is under investigation and is stepping down from his post, the Czech president’s office said on Monday.A Czech subsidiary of CEFC also said there was a “planned change in the shareholder...Read More
Nickel Free Tips Online – BUY Mcx Nickel Commodity above 871 (CMP 870.20) for Target 881 with SL below price 862.50AFTER POST CONTENT Read More
MCX COPPER LIVE TIPS TODAYCopper Live Tips – Buy Mcx Copper April Above 443.10 (CMP 442.80) for Target 447.10 – 448.10 with Stop loss below price 440.20AFTER POST CONTENT Read More
MCX NICKEL COMMODITY TIPSMcx Nickel Commodity Tips – Today Nickel Sell call 193 Given at price 880 Current Market price is 869.60. Achieved Target 870. Profit of 10 Points x 2 lot = 20 PointsTIPS ID 193 : Free Nickel Trading Tips - SELL 2 to 3 lots Nickel March at Last Market price 880 for Target 870 with SL Above price 889AFTER POST CONTENT Read More
TODAY ALUMINIUM TIPSToday Aluminium Tips – BUY Aluminium at CMP 134.15 for Target Level 135.55 with SL below price level 133.25. RISK taker trade 2 lotsAFTER POST CONTENT Read More
(Kitco News) - Gold prices were moderately higher in early-afternoon trading Monday, boosted by a drop in the U.S. dollar index and the U.S. stock market. Gold had seen modest losses in overnight trading, based on some technical selling. April Comex gold futures were last up $6.00 an ounce at $1,318.30.May Comex silver was last up $0.043 at $16.315 an ounce.World stock markets were mostly lower Mo...Read More
FREE NICKEL TRADING TIPSFree Nickel Trading Tips – SELL 2 to 3 lots Nickel March at Last Market price 880 for Target 870 with SL Above price 889AFTER POST CONTENT Read More
Exchange-traded-fund investors appear to be using the recent pullback in gold and silver prices as a buying opportunity, says Commerzbank. The ETFs trade like a stock but track the price of the commodity, with metal moving in and out of storage as necessary to back the shares. The bank says ETF investors, who tend to have a longer-term horizon than speculators in the futures market, “have se...Read More
(Kitco News) - Hecla Mining Co. (NYSE: HL) has agreed to buy all outstanding shares of Klondex Mines Ltd. (NYSE American: KLDX; TSX: KDX), allowing Hecla to bump up production with the addition of the Fire Creek, Midas and Hollister mines in Nevada, the companies reported Monday.Klondex's Canadian assets will be spun out to existing shareholders. The value of Hecla’s acquisition of Klondex...Read More
The new cry for metals is “Help! I have fallen and can’t get up.” Across the board, metals are taking a beating and need the alert button as they call for help. Gold, copper and silver are all at the bottom end of trading ranges and could be in danger of breaking down here as we wait for Wednesday’s Fed decision. Interestingly enough, the suppression of the dollar by the Fe...Read More
The world's billet markets became uncertain last week, with sentiment starting to weaken amid higher availability of China-origin material and volatility in the East Asian country's domestic prices.Meanwhile, global scrap prices remained largely stable amid uncertainty about import tariffs in the United States and weakening demand for finished steel products.ChinaDomestic billet prices in the coun...Read More
The world's billet markets became uncertain last week, with sentiment starting to weaken amid higher availability of China-origin material and volatility in the East Asian country's domestic prices.Meanwhile, global scrap prices remained largely stable amid uncertainty about import tariffs in the United States and weakening demand for finished steel products.ChinaDomestic billet prices in the coun...Read More
London Metal Exchange warehouse stocks have staged a recovery over the first few months of this year from the multi-year lows of 2017, due to a flurry of large deliveries across many of the base metals. After last year was marked by dwindling stock levels across the board, the first few months of 2018 have seen a reversal - with companies putting more metal back into LME-approved warehouses. "The...Read More
Base metals prices on the London Metal Exchange were mostly lower at the close on Monday March 19, while most prices lacked clear direction before Wednesday's Federal Open Market Committee (FOMC) meeting. Nickel prices declined $145 per tonne - the metal has come under sustained pressure since it hit $14,000 per tonne last week and cannot find new support."The combination of a strong dollar index...Read More
Comex copper prices slipped further Monday March 19 morning with the market in consolidation mode due to investors heading to the sidelines ahead of the Federal Reserve meeting.Copper for May settlement on the Comex division of the New York Mercantile Exchange dipped 1.95 cents or 0.6% to $3.0890 per lb."While the consolidation in copper prices may run a little further on the back of an overall we...Read More
Spot prices for ammonium paratungstate (APT) continued to rise in last week's pricing session due to tightening supply in China. APT prices rise on tighter supply, slower Chinese output Profit-taking prompts fall in ferro-tungsten prices in China Cash flow pressure weighs on concentrates prices Metal Bulletin's benchmark cif Rotterdam quotation for APT rose to $325-334 per mtu on...Read More
The Chinese ferro-silicon spot market has stabilized losses in the past week, with support coming from magnesium production - a sizeable consumer of ferro-silicon. Chinese spot market halts downward drift but ample supply may drag in near term Europe prices stable, awaits second quarter settlements US market eases, but low stock levels offer support Chinese prices steady Chinese domes...Read More
Huge amounts of zinc ingots from Spain, both new and old stock, continue to enter the Chinese market after a significant inflow last year, which is leading to inventory build-up and depressed premiums, market participants have told Metal Bulletin.For the first month this year, Spain remained the biggest supplier of refined zinc to China, providing one-quarter of the total of 67,111 tonnes imported...Read More
Imported charge chrome prices outperformed Chinese ferro-chrome on Friday March 16, after the domestic market took a poor view of demand from the stainless sector. Charge chrome holds firm in ChinaChinese domestic ferro-chrome prices weakenAlloy prices holding in Japan, South KoreaUS alloy prices steadyEuropean spot prices weaken Charge chrome prices strengthened in China on Friday, supported by...Read More