That's according to Martin Place Securities head of resources Barry Dawes, who noted that the S&P/ASX All Ordinaries Gold Index bottomed in 2014, well before the rest of the global resources space.Read More
SHANGHAI, Mar 23 (SMM) –Copper: As prospects of a trade war loomed, prices for copper are likely to edge down in the near future with pressure from short bets. We see LME copper trading at $6,630-6,700/mt, and SHFE copper at 50,000-50,400 yuan/mt today. Spot discounts are seen at 200-120 yuan/mt as consumers are eager to restock.Aluminium: Increasing US trade protectionism dragged alumi...Read More
SHANGHAI, Mar 23 (SMM) – Base metals fell across the board as trade tensions intensified. SHFE nickel led a slump of 3%, tin lost close to 2% and copper fell 1.7%. Lead and aluminium slid over 1%, while zinc dipped.The ferrous complex tumbled as rebar declined over 7%, iron ore fell 6% and hot-rolled coil lost 5%. Coke dropped close to 6%, while coking coal slid over 4%.Copper: SHFE copper s...Read More
SHANGHAI, Mar 23 (SMM) – Base metals fell across the board as trade tensions intensified. SHFE nickel led a slump of 3%, tin lost close to 2% and copper fell 1.7%. Lead and aluminium slid over 1%, while zinc dipped.The ferrous complex tumbled as rebar declined over 7%, iron ore fell 6% and hot-rolled coil lost 5%. Coke dropped close to 6%, while coking coal slid over 4%.Copper: SHFE copper s...Read More
The European steel association Eurofer is calling for quota-based safeguard trade measures even though the EU has been temporary exempted from Section 232 import tariffs in the United States.The US will delay imposing steel and aluminium tariffs - of 25% and 10%, respectively - against several countries while negotiations to exempt them more permanently take place.The EU was among t...Read More
ZincMini Tips – Mcx Zinc Mini BUY Call 235 given at 208.90. CMP 209.65. Book 0.75 Points per lot here. Not moving as expected…TIPS ID 235 : Tips for ZincMini - Buy Zinc Mini March at CMP 208.90 for TGT 210 - 210.80 with SL below price 207.50AFTER POST CONTENT Read More
SHANGHAI, Mar 23 (SMM) – Base metals fell across the board as trade tensions intensified. SHFE nickel led a slump of 3%, tin lost close to 2% and copper fell 1.7%. Lead and aluminium slid over 1%, while zinc dipped.The ferrous complex tumbled as rebar declined over 7%, iron ore fell 6% and hot-rolled coil lost 5%. Coke dropped close to 6%, while coking coal slid over 4%.Copper: SHFE copper s...Read More
WASHINGTON (Reuters) - New orders for key U.S.-made capital goods rebounded more than expected in February after two straight monthly declines and shipments surged, which could temper expectations of a sharp slowdown in business spending on equipment in the first quarter.The Commerce Department's report on Friday could prompt economists to raise their economic growth estimates for the first three...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were added 4 points in pre-opening trade on news that the Senate passed a $1.3 trillion spending bill.World equity markets were weaker overnight. Weakest was the Nikkei Average, down 4.51%.Index futures were virtually unchanged following release of February Durable Goods Orders report at 8:30 AM EDT. Consensus was an increase...Read More
(Kitco News) - Amid the threat of a trade war breaking between the U.S. and China, Wall Street and Main Street alike look for gold prices to continue their rally next week.The yellow metal rose sharply this week and by late Friday morning was up some $40 from the lows of Tuesday. The first leg higher came when the Federal Reserve did not appear to be signaling any increase in policymakers’ p...Read More
SHANGHAI, Mar 23 (SMM) – Demand for nonferrous metals will surge as new energy vehicles are booming in China, said Lei Hongjun, chief engineer of the Yangtse Automobile Group. This is because new energy cars will utilise more metals, especially copper and aluminium, than traditional cars, he explained.Rising sales and output of electric cars is the biggest boost in demand for nonfe...Read More
Today Intraday Nickel – Nickel BUY Call 231 given at price 845 Achieved 1st Target 855. CMP 857. Total profit of 12 Point x 2 lot = 24 PointsTIPS ID 231 : Tips for Nickel - BUY Nickel at CMP 845 for Target 855 - 859 with Small SL below price 839. Trade multi lotsAFTER POST CONTENT Read More
SHANGHAI, Mar 23 (SMM) – Demand for nonferrous metals will surge as new energy vehicles are booming in China, said Lei Hongjun, chief engineer of the Yangtse Automobile Group. This is because new energy cars will utilise more metals, especially copper and aluminium, than traditional cars, he explained.Rising sales and output of electric cars is the biggest boost in demand for nonfe...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump threatened on Friday to veto Congress’ newly passed $1.3 trillion spending bill over immigration issues, a surprise move that could force the federal government to shutdown when funding expires later in the day.On Thursday, the White House said Trump was expected to sign the bill into law.The U.S. House of Representatives and the Senate, bot...Read More
SHANGHAI, Mar 23 (SMM) – Demand for nonferrous metals will surge as new energy vehicles are booming in China, said Lei Hongjun, chief engineer of the Yangtse Automobile Group. This is because new energy cars will utilise more metals, especially copper and aluminium, than traditional cars, he explained.Rising sales and output of electric cars is the biggest boost in demand for nonfe...Read More
Nighthawk Energy PLC (LON:HAWK) saw shares fall 5.8% in late-afternoon trading to 0.4p as the oiler posted a drop in production.During the three months from November 2017 to January 2018, net production totalled 66,971 barrels, down from 86,418 for the same period a year ago.The company also said it had completed non-routine workovers on several of its wells.Meanwhile, Gaming Realms PLC (LON:GMR)...Read More
India's Tata Steel is another step closer toward buying its insolvent counterpart Bhushan Steel after the latter's committee of creditors accepted its bid.Tata Steel, on Friday March 23, said that the committee had declared it the "successful resolution applicant" a day earlier, which paves the way for the acquisition, subject to necessary regulatory approvals.It has accepted the letter of intent...Read More
Listen to this podcast on our site by clicking here or subscribe on iTunes here.Many retirees have their life savings socked away in mutual funds or ETFs, but is this always the best option for generating income?This time on Financial Sense' Lifetime Income Series, Jim Puplava takes a look at different options for retirees to maximize returns, protect their accumulated assets, and best navigate th...Read More
(Kitco News) - While gold has seen its best week in two years, one U.K.-based research firm expects that the rally will not be sustainable, looking for prices to fall nearly 6% from current levels by year end due to rising real interest rates. Capital Economics said in a recent report that although gold is traditionally a good hedge against inflation -- as the yellow metal rises in conjunction wi...Read More
Pacific Energy (ASX: PEA) went into a trading halt Thursday and subsequently announced the deal to buy Leon Hodges' CPG. The two power-set providers had been "healthy competitors for over two decades", Pacific managing director James Cullen said.Read More