TODAY MCX COPPER LEVELMcx Copper Level – Copper Sell call 422 given at price 438.40 Achieved 1st Target 436.80 & 2nd Target 435.50. CMP 434.0 Total profit of 2.9 x 2 lot = 5.8 PointsCALL ID 422 : Copper Live - SELL 2 lot Copper at CMP 438.40 for Target small at price 436.80 - 435.50 with SL Above price 440AFTER POST CONTENT Read More
BEIJING/WASHINGTON (Reuters) - China hit back quickly on Wednesday against U.S. plans to impose tariffs on $50 billion in Chinese goods, retaliating with a list of similar duties on key American imports including soybeans, planes, cars, beef and chemicals in a move that sent global markets lower.Beijing responded after U.S. President Donald Trump’s administration targeted 25 percent tariffs...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
Mcx Nickel Target – Nickel Sell call 41a given at price 875.40 Achieved 1st Target 868 & 2nd Target 862. CMP 854. Total Profit made 13.4 Points per lotTIPS ID 41a : Nickel Call - SELL Nickel at CMP 875.40 for Target 868 - 862 with SL Above price 882AFTER POST CONTENT Read More
Andy Carroll, technical director at Mosman Oil And Gas Ltd (LON:MSMN) tells Proactive Investors seismic processing at exploration permit (EP) 145 in the Amadeus Basin has produced excellent results.The reprocessing of data from has confirmed the shallow multi-pay-zone anticline at EP145, similar to the reservoir zones at the nearby Mereenie oil and gas field and also revealed information at deeper...Read More
Options traders had been targeting calls before todayAutomobile stock Fiat Chrysler Automobiles NV (NYSE:FCAU), like thesesector peers, has experienced erratic price action today as the U.S. and China exchange trade blows. At last check, FCAU was up 0.3% at $21.85, but that hasn't stopped options traders from targeting puts. Taking a closer look, roughly 4,300 FCAU options have changed hands today...Read More
(Kitco News) - Kitco aficionados, it isnow time to have your say in where you think gold prices are heading in theshort-term.Will gold prices go higher, lower or remain unchanged nextweek? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12PM EDT) along with the results fromour market professional survey.Readers can also se...Read More
(Kitco News) - Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term.Will gold prices go higher, lower or remain unchanged next week? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12 PM EDT) along with the results from our market professional survey.Readers can al...Read More
McDonald's is among the equities with an ominous-sounding chart patternThere's been some chatter recently about major European stock indexes forming a "death cross" on the charts, which occurs when a short-term moving average crosses below a longer-term moving average. This is thought to be a bearish sign, signaling an oncoming decline for an equity or index. However, amid the recent stock market...Read More
Steve Curtis discusses with Proactive's Andrew Scott the impact on Caledonia Mining Corporation PLC (LON:CMCL TSX:CAL) from changes in Zimbabwe's export credit rules.The Reserve Bank of Zimbabwe raised the Export Credit Incentive (ECI) paid to all gold miners to 10% from 2.5% in February.Assuming gold remains at US$1,260 per oz, the benefit to Caledonia - which owns 49% and runs the Blanket gold m...Read More
WASHINGTON (Reuters) - President Donald Trump's administration does not at this time have another new, big trade initiative planned against China and is focused on implementing the moves that have already been announced, a White House official said on Wednesday.The official said the administration was aware of the market reaction to the trade row with Beijing, but said economic fundamentals and lo...Read More
(Kitco News) - Bitcoin is likely to mean-revert towards January 2017 levelsof around $900, paving the way for precious metals like silver to prosper,according to research from Bloomberg Intelligence (BI). In a recent webinar, Mike McGlone, senior analyst at BI saidthat he remains bullish on blockchain technology, but the digital currency marketappears to be overvalued. He added that the speculator...Read More
HRL shares took out a notable moving average Stocks today are trading around news China will implement tariffs on U.S. imports, resulting in heavy losses for certain agriculture names. On the flip side, meat producers are getting a boost, with traders speculating that the drop in soybean prices will benefit the group. One name in particular that's rallying and seeing unusual options trading is Hor...Read More
(Kitco News) - Bitcoin is likely to mean-revert towards January 2017 levels of around $900, paving the way for precious metals like silver to prosper, according to research from Bloomberg Intelligence (BI). In a recent webinar, Mike McGlone, senior analyst at BI said that he remains bullish on blockchain technology, but the digital currency market appears to be overvalued. He added that the specul...Read More
John Maynard Keynes once famously called gold the “barbarous relic”. The emergence of the cryptocurrencies seems to validate that thesis. Will gold survive in the digital era? Bitcoin as Digital Gold Let’s face it. Bitcoin and gold are similar. Both assets are rare and their supply is limited (it cannot be increase at will by politicians or central bankers). Actually, Bitcoin was...Read More
(Reuters) - U.S. stocks were marginally higher in afternoon trading on Wednesday, recovering from a steep drop at the start of the session on fears of a deepening trade conflict between the United States and China.Beijing hit back against U.S. plans to impose tariffs on $50 billion in Chinese goods, retaliating with a list of similar duties on key American imports including soybeans, planes, cars,...Read More
MILAN/LONDON (Reuters) - European shares fell for a second day after China unveiled new tariffs against U.S. products, increasing concerns of an escalating trade standoff between the two countries.China hit back quickly on Wednesday against U.S. plans to impose tariffs on $50 billion in Chinese goods, retaliating with a list of similar duties on key American imports including soybeans, planes, car...Read More
Fortune Minerals Limited (TSX:FT; OTCQX:FTMDF) ('Fortune' or the 'Company') (www.fortuneminerals.com) is pleased to report that the Mackenzie Valley Environmental Impact Review Board ('Review Board') has recommended that the Tlicho all-season road ('Tlicho Road') be approved subject to measures designed to mitigate potential environmental, social and cultura...Read More
NEW YORK (Reuters) - Oil was down less than half a percent on Wednesday, as a surprise draw in U.S. crude stockpiles brought prices almost all the way back from a two-week low hit in early trade after China proposed a broad range of tariffs on U.S. exports that fed fears of a burgeoning trade war.Both Brent and U.S. crude slid to two-week lows after China, the world’s largest importer of raw...Read More
Wallbridge Mining Company Limited (TSX:WM, FWB:WC7) ('Wallbridge' or the 'Company') is pleased to announce that it has entered into agreements to deliver 10,870 ounces of gold to Auramet International LLC ('Auramet') at a price of CAD$1720 per ounce, for proceeds of $18,696,400.Read full newsRead More