MCX COPPER TARGET LEVELMcx Copper Target Level – Copper Buy Call 42f Advised at price 431 Achieved 1st Target 433.90. Made 434 (at 08:55 pm) Total Profit of 3 Point x 2 lot = 6 Points / Rs 6000TIPS ID 42f : Copper Tips - BUY Copper at CMP 431.0 Add more if price 429 with SL 427.9 for Target 433.90 - 435.50. RISK taker trade 2 lotsAFTER POST CONTENT Read More

U.S. equity index futures were substantially lower this morning. S&P futures were down 41 points in pre-opening trade. Index futures are responding to news that China plans to impose tariffs on U.S. imported manufactured and agriculture goods valued at $50 billion. Boeing dropped $16.87 to $313.95 and technology stocks were notably lower. Gold gained $13.20 per ounce.Index futures were virtual...Read More

Prices for hollow steel sections in Southern Europe have fallen by ?,?5-15 per tonne this week with producers continuing to look for orders, market sources said on Wednesday April 4.A low volume of completed sales of hollow sections on the spot market has led Southern European producer sources to lower their price expectations in recent weeks."Producers in Italy are more keen to get orders than th...Read More

Listen to this podcast on our site by clicking here or subscribe on iTunes here.Ten years ago, we experienced a financial crisis that almost collapsed the global economy. In 2007, as the stock market was at its peak and talking heads on TV were still arguing over a Goldilocks economy, Financial Sense's Chris Puplava warned to "Watch Out Below!" and "Proceed With Caution" because the "Worse Is Yet...Read More

SHANGHAI, Apr 4 (SMM) – Nonferrous metals traded weakly on Wednesday April 4 as zinc led losses with a drop over 1.1%. Lead lost almost 0.7%, aluminium fell nearly 0.3%, and nickel, copper, and tin edged down.The ferrous complex saw wider drops than nonferrous metals as iron ore slumped some 4.2%. Rebar dipped over 1.1%, and hot-rolled coil slid nearly 1%. Coke and coking coal inched up over...Read More

It’s not about nuance, it’s not about the subtleties of trading, rather it’s about a 24-hour market in which traders witness polar opposites in terms of market direction and sentiment.Today, for example, is a clear illustration of how markets can turn on a dime and reverse course, all in the span of a single trading day. In overseas trading last night, the Dow Jones Industrial Av...Read More

SHANGHAI, Apr 4 (SMM) – Nonferrous metals traded weakly on Wednesday April 4 as zinc led losses with a drop over 1.1%. Lead lost almost 0.7%, aluminium fell nearly 0.3%, and nickel, copper, and tin edged down.The ferrous complex saw wider drops than nonferrous metals as iron ore slumped some 4.2%. Rebar dipped over 1.1%, and hot-rolled coil slid nearly 1%. Coke and coking coal inched up over...Read More

Today Zinc Calls – Zinc BUY Call 430 Advised at price 211.60 Advised to Set SL below price 210.70 (Made 210.60) Advised RISK taker to SET SL 210.50. Those who hold Book Profit of 1.20 Point at CMP 212.80TIPS ID 430 : Zinc Intraday Today - BUY Zinc at CMP 211.60 for Target 212.80 - 213.70 with SL below price 210.70. RISK Taker Set SL more dip around 210.50AFTER POST CONTENT Read More

(Reuters) - Activist hedge fund Starboard Value LP nominated directors this week to challenge the board of directors of U.S. shopping mall owner Macerich Co (MAC.N), people familiar with the matter said on Wednesday.Starboard may replace the majority of Macerich’s board, the sources said, asking not to be identified because the matter is confidential.Macerich and Starboard declined to commen...Read More

SHANGHAI, Apr 4 (SMM) – Nonferrous metals traded weakly on Wednesday April 4 as zinc led losses with a drop over 1.1%. Lead lost almost 0.7%, aluminium fell nearly 0.3%, and nickel, copper, and tin edged down.The ferrous complex saw wider drops than nonferrous metals as iron ore slumped some 4.2%. Rebar dipped over 1.1%, and hot-rolled coil slid nearly 1%. Coke and coking coal inched up over...Read More

RBC Capital Markets analyst Tyler Broda downgraded the diamond producer from its ‘outperform' rating and moved its target price to £0.80 (US$1.12) per share from the previous £0.85/share.Read More

Junior explorer, MeteoricResources NL (ASX:MEI), this morning informed the market that it has kicked offfield work on its cobalt properties in Ontario, Canada. This is the start of acomprehensive and fully funded exploration program, targeting high-grade,primary cobalt mineralisation.MEI has in its arsenal fivehighly prospective primary cobalt projects in Ontario. The company's exploration strateg...Read More

Andrew Prelea, chief executive of Vast Resources PLC (LON:VAST) discusses the changes to Zimbabwe's export credit rules and the 'significant' impact he's expecting it to have on the company's earnings.The Reserve Bank of Zimbabwe raised the Export Credit Incentive (ECI) paid to all gold miners to 10% from 2.5% in February.  Meet ANGLE plc, Faron Pharmaceuticals Ltd, Alliance Pharma plc, Clini...Read More

SHANGHAI, Apr 4 (SMM) – Transactions cooled in the spot market for copper in Shanghai on Wednesday April 4 as premiums were offered at 30-70 yuan/mt against the SHFE 1804 contract. This compared with a premium of 30-100 yuan/mt on Tuesday April 3.Cargo holders made lower offers to cash in on the last trading day ahead of the Qingming Festival holiday, while traders bought on lower...Read More

(Kitco News) - Gold prices are modestly up in early afternoon U.S. trading Wednesday, but well off session highs as the U.S. stock market posts a dramatic rebound from the lows seen earlier in the session. June Comex gold futures were last up $3.00 an ounce at $1,340.50. May Comex silver was last down $0.117 at $16.28 an ounce.Fears of a global trade war have ratcheted up a notch after China today...Read More

NEW YORK (Reuters) - Activity in U.S. equity options was slow on Wednesday even as stock indexes flirted with February lows, as expectations for strong corporate earnings quelled the urge to load up on contracts that benefit from a surge in market volatility.Global markets reeled on fears of deepening trade conflict between China and the United States after China hit back on Wednesday against U.S....Read More

Base metals prices on the London Metal Exchange are down by an average of 0.4% this morning, Wednesday April 4. Tin is the only metal showing any gains, while the rest are down between 0.4% and 0.7%, with copper off by 0.4% at $6,783 per tonne. Volume has been average with 7,996 lots traded as of 07.36am London time. This follows a general day of gains on Tuesday when the complex closed with avera...Read More

Tips for Aluminium – Mcx Aluminium BUY Call 435 given at price 129.10 CMP 129.55. You may Book 0.45 x 2 lot = 0.90 Points Profit chance for Low risk takerTIPS ID 435 : Aluminium Free Call - BUY Aluminium at cmp 129.10 for Target 130 - 130.70 with SL below price 128.0. Trade with 2 lotsAFTER POST CONTENT Read More

SHANGHAI, Apr 4 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar inched up and stood firmly above 90 as US stocks rebounded and as the euro edged down.SHFE metals fell across the board, except for copper and nickel, with zinc down close to 1%. Most LME metals gained, with nickel up close to 1%. LME copper touc...Read More

SHANGHAI, Apr 4 (SMM) – Sellers in the zinc spot market in Shanghai held back as the SHFE 1805 contract rebounded after touching a low of 24,600 yuan/mt on the morning of Wednesday April 4, SMM learned. The 0# zinc traded at 24,650-24,760 yuan/mt.The 0# common brand traded flat to a premium of 10 yuan/mt against the SHFE 1805 contract, compared with a discount of 10-0 yuan/mt the previous da...Read More