SHANGHAI, Mar 7 (SMM) –Copper: The support at the 40-day moving average, or 52,000 yuan/mt, remained for SHFE copper, while destocking in China helped the bullish sentiment somewhat. We expect copper prices to go up further with SHFE 1805 at 52,500-53,000 yuan/mt today and LME copper at $6,960-7,020/mt. Spot discounts are expected to be smaller as sellers continued to hold on to their cargoe...Read More

Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More

(Reuters) - U.S. stock index futures fell sharply on Wednesday after the resignation of top economic adviser Gary Cohn, a supporter of free trade in the White House, triggered worries that President Donald Trump may push ahead with plans to impose hefty metal tariffs and ignite a global trade war.Dow e-minis 1YMc1 were down 257 points by 7:20 a.m. ET.Manufacturing giants Boeing (BA.N) and Caterpil...Read More

RAPAPORT... Easyfairs has partnered with the Federation of BelgianDiamond Bourses (FBDB) and the Antwerp World Diamond Centre (AWDC) to presentthe upcoming Carat+ show.  "This partnership allows us to associate the Antwerp diamondsector and its organizations to an already successful Carat+ trade-showconcept," Dirk Oosterlinck, managing director of Easyfairs, the event's organizer, said Sunday...Read More

NEW YORK (Reuters) - Bitcoin fell to a 1-1/2 week low on Wednesday after the U.S. Securities and Exchange Commission warned of “potentially unlawful” systems that trade crypto-currencies, which investors may use with an unearned sense of safety.At 1:07 p.m. (1807 GMT), the world's biggest and best-known digital currency BTC=BTSPwas last down 7.53 percent at $9,924.03 on the Luxembourg...Read More

BRUSSELS (Reuters) - The European Union on Wednesday offered Britain a free trade agreement for their post-Brexit relationship, a draft text showed, outlining a much more limited cooperation than London had called for.A draft joint position from the remaining 27 EU members, seen by Reuters ahead of its official publication later on Wednesday, said the bloc was determined to foster a close partners...Read More

After a great run from $1,242 per ounce on Dec. 11, 2017, to $1,365 per ounce on Jan. 25, 2018, a 10% gain in six weeks, gold has settled into an up-and-down sideways pattern in the six weeks since.The sideways range has stayed between $1,305 and $1,356 per ounce with two rallies and two drawdowns. Gold marked time at $1,322 per ounce at the beginning of this week, close to the midpoint of this re...Read More

Peter Maniloff, assistant professor of economics and business at Colorado School of Mines, was recently interviewed on 91.5 KRCC, Southern Colorado's NPR station, about what new oil market projections from the International Energy Agency might mean for the region. The IEA published its new five-year market analysis and forecast March 5. Read More

In early January, the world got the first peer-reviewed look at what could be the future of medicine.Specifically, I'm referring to the discovery of a new gene therapy treatment that controls embryonic healing processes.The genes that built you in the womb are still in your genome as an adult. And they can be reactivated to rebuild organs and tissues to their original youthful health.This could en...Read More

As I told you on Tuesday, I've been doing my own taxes for the last couple decades. And over that time, I've also done my fair share of moving around.The end result is that I've learned first hand what a difference various state tax systems can make to someone's overall financial picture.For example, when my wife and I lived in New York City, we suffered under aggressive state - and city! - tax ra...Read More

Nine years ago, everyone gave up on the stock market.The major averages were sliced in half. Cash was the market's only haven. After enduring a harrowing season of never-ending crashes during the heart of the 2008 financial crisis, stocks were once again falling off a cliff in March 2009.That's when everything changed.On Tuesday, March 6, 2009, the S&P 500 etched its intraday low - an ominous...Read More

“Oh yeah? Well, I’m going to charge you extra for every piece of steel you send our way!”“Really? Try this: We’re not going to sell any more Harley Davidson’s in our country!!”“Fine!! See how you like it when we don’t buy any of your fancy BMW’s or Audi’s!!!”“Well in that case, we’re going to ban Levi’s jeans...Read More

The restriction on imports of some copper scrap products to China has already caused the industry to make some process changes but many questions are still unanswered, a panel of scrap experts said at the Metal Bulletin Copper conference.The number of licenses granted by the Chinese government for copper scrap imports dropped by 94% year on year to account for 136,685 tonnes in the first two...Read More

Base metals prices on the London Metal Exchange slumped by the 5pm close on Wednesday March 7, with uncertainty stemming from the latest developments over the US' Section 232 probe leading to a sell-off.Aluminium was the most traded metal of the complex today, with more than 20,000 lots changing hands by the close. Its price fell 1.6% - it concluded below support at $2,100 per tonne.The cash/three...Read More

On Tuesday morning, Chris Haldane, of Marathon Gold Corp., was looking at the price of gold and looking at his stock price: Gold had climbed US$17 per ounce, but the company stock was barely moving."It just seems like the junior gold space has gone into a pause mode," said Haldane, who handles investor relations for Marathon, and had just issued a press release touting positive drill results for i...Read More

Comex copper prices dipped in the US morning on Wednesday March 7 with a confluence of bearish signals, including a potential trade war and higher dollar, weighing on the base metals complex. Copper for May settlement on the Comex division of the New York Mercantile Exchange fell 2.80 cents or 0.9% to $3.1310 per lb. "Most of the base metals remain on a back footing this morning and that seems to...Read More

Key event details:Gold- All that Glitters11th March 2018 12.15 -12.55Gold has come to prominence of late, either as an underlying asset or an asset class in itself. We take a closer look at recent financial products structured on or around gold and ask if the upward trend is set to continue. Moderator: Mohammed Paracha, Partner, Head of Islamic Finance - Middle East & Africa, Norton Rose...Read More

Base metals prices on the London Metal Exchange were lower across the board during morning trading on Wednesday March 7 - with nickel diving 1.6%.The three-month nickel price is continuing to have another rollercoaster month - it gained $260 per tonne at the close on Tuesday but is now trading $275 lower. "The new threat of trade wars and regional tariffs seems to have [unnerved] consumers in the...Read More

China announced that it had terminated steel production in all the country's illegal induction furnaces by the end of June last year. The majority of the operators in China are primarily small size private mills that use low quality scrap to produce substandard rebar. These rebars are mixed with grade III (HRB400) rebar and sold at a discount to construction contractors. For a long period, the gov...Read More

Canada's gold output will increase in the next five years to more than 300 tonnes annually, an 80% growth from current levels, research firm Wood Mackenzie said Wednesday.The rise in production would make the nation the world's second-largest bullion producing country, behind China, Vince Madden-Scott, manager of gold cost services at UK-based research firm said.Speaking at the 2018 Prospectors &a...Read More