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Asian Metals Market Update: January-22-2018

January 22, 2018 / news.goldseek.com

Every week there is some news to for traders and investors to think about. Long term and medium term investors need not scrutinize news in a big way. Short term investors and day traders have to look at each and every news item as it is difficult to predict a reaction after any news. One should have key technical support before hand with him. One should also look for breakout price points and th...Read More

EMERGING MARKETS-Brazil markets steady ahead of ex-president Lula's trial

January 22, 2018 / www.kitco.com

(Updates with final prices, Mexican details)By Bruno FederowskiBRASILIA, Jan 22 (Reuters) - Brazilian markets were range-bound on Monday as traders avoided big bets ahead of the trial of former President Luiz In??cio Lula da Silva, who is leading opinion polls for this year's elections.Lula has vowed to reverse part of President Michel Temer's reform agenda if elected, but he could be barred from...Read More

RPT-COLUMN-London Metal Exchange stops the volume rot, but CME challenge grows: Andy Home

January 22, 2018 / www.kitco.com

(Repeats without change to text. The opinions expressed here are those of the author, a columnist for Reuters)* LME Volumes long term: * LME Volumes by contract: * CME copper positioning: By Andy HomeLONDON, Jan 22 (Reuters) - Trading volumes on the London Metal Exchange (LME) increased by a marginal 0.5 percent last year. Not exactly the most exciting headline in the world of commodities trading...Read More

FOREX-Dollar near 3-year low after U.S. government funding deal

January 22, 2018 / www.kitco.com

* Dollar pares some losses after deal to end govt shutdown* Dollar index still near 3-year low* Yen off 4-month high ahead of BOJ policy meeting* Pound at highest since Brexit vote By Hideyuki SanoTOKYO, Jan 23 (Reuters) - The dollar pared some of its losses after U.S. senators struck a deal to lift a three-day government shutdown but it was mired near a three-year low against a basket of currenc...Read More

PRESS DIGEST- British Business - Jan 23

January 22, 2018 / www.kitco.com

Jan 23 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.The Times- Bankers are scrambling to attract an $18 billion telecoms flotation to London amid hopes that the deal could generate a bonanza in advisory fees. - The engineering group GKN Plc sought to bolster its defences again...Read More

Gold Might See September Highs Only In Q2 - TD Securities

January 22, 2018 / www.kitco.com

(Kitco News) - Even though gold is still trading above $1,330 an ounce, the metal is looking to consolidate in the near-term while the precious market is waiting for a new catalyst, according to the latest report by TD Securities.“Gold took a breather after several consecutive weeks of strong performance, as its run toward its 2017 highs ran out of steam,” said Bart Melek, head of glob...Read More

Gold Might See September Highs Only In Q2 - TD Securities

January 22, 2018 / www.kitco.com

(Kitco News) - Even though gold is still trading above $1,330 an ounce, the metal is looking to consolidate in the near-term while the precious market is waiting for a new catalyst, according to the latest report by TD Securities.“Gold took a breather after several consecutive weeks of strong performance, as its run toward its 2017 highs ran out of steam,” said Bart Melek, head of glob...Read More

Avrupa Progress at the Alvito Iron Oxide Copper-Gold Project, Portugal

January 22, 2018 / bit.ly

Avrupa Minerals Ltd. (TSXV:AVU) is pleased to update on progress at the Alvito Project located in south Portugal.Exploration work is funded by OZ Minerals, who must spend A$ 1 million to earn-in to 51% of the 300-square kilometer Project.Read full newsRead More

UPDATE 1-U.S. auto parts firms urge NAFTA compromise to cover engineering work

January 22, 2018 / www.kitco.com

(Adds detail on proposal, comment, background)By David LawderWASHINGTON, Jan 22 (Reuters) - A trade group representing U.S. auto parts makers on Monday urged the Trump administration to adopt NAFTA automotive rules that cover research, engineering, design and software development work as part of North American regional value content goals.The proposal from the Motor and Equipment Manufacturers As...Read More

China Stocks-Factors to watch on Tuesday

January 22, 2018 / www.kitco.com

* PREVIOUS TRADING SESSION MOVES:* SSEC +0.4 pct, CSI300 +1.2 pct, HSI +0.4 pct* HK->Shanghai Connect daily quota used 8.8 pct, Shanghai->HK daily quota used 44.8 pct* HK->Shenzhen Connect daily quota used 9.5 pct, Shenzhen->HK daily quota used 14.6 pct* CNY official close 6.405 per dollar* FTSE China A50 +0.8 pct, BNY Mellon ADR China Select Index +0.1 pct SHANGHAI, Jan 23 (Reuters)...Read More

DIARY-Government Debt Auctions to Feb 28

January 22, 2018 / www.kitco.com

Jan 23 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATE COUNTRY AUCTION DETAILS 23-JanUnited States Sale of 2-year notes23-JanSpain Auction of 3- and 9-month Treasury bills23-JanUnited KingdomAuction 0 1/8% Index-linked Treasury Gilt 202623-JanGermany Auction of 2-year Treasury notes24-JanUnited States Sale of 2-ye...Read More

DIARY-Emerging Markets Economic Events to March 22

January 22, 2018 / www.kitco.com

Jan 23 (Reuters) - For other diaries, please see:Top Economic Events Government Debt Auctions Political and General News Events Index of All Diaries Guide to Economic Indicators -----------------------------------------------------------This Diary is filed daily. ** Indicates new events, if any -----------------------------------------------------------TUESDAY, JANUARY 23 ** SINGAPORE - 1st Meetin...Read More

DIARY-Top Economic Events to March 22

January 22, 2018 / www.kitco.com

Jan 23 (Reuters) -For other diaries, please see:U.S. Federal Reserve Polling Unit Diary Today in Washington Political and General News -----------------------------------------------------------This Diary is filed daily. ** Indicates new events -----------------------------------------------------------TUESDAY, JANUARY 23TOKYO - Bank of Japan monetary policy meeting (Final Day). WASHINGTON - Senat...Read More

ADM approach to Bunge marks potential U-turn on oilseed strategy

January 22, 2018 / www.kitco.com

By Tom PolansekCHICAGO, Jan 22 (Reuters) - Archer Daniels Midland Co's proposed takeover of Bunge Ltd could signal a change in the company's strategy on oilseeds, giving the top U.S. grain merchant a much bigger capacity to crush soy just months after ADM's chief executive said the firm would cut spending on the sector.The potential strategic change comes as the world's biggest agricultural merch...Read More

PRESS DIGEST- Financial Times - Jan 23

January 22, 2018 / www.kitco.com

Jan 22 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.HeadlinesFormer KPMG partners charged with fraud Labour plans outsourcing crackdown on 'rogue suppliers' EU creditors to start talks on structuring debt relief for Greece IMF hails 'broadest' upsurge in global growth since 2010 Overview- The U.S....Read More

Aurubis buys Codelco's shares in Deutsche Giessdraht

January 22, 2018 / www.mining.com

Aurubis AG, Europe's biggest copper smelter, said on Monday it had agreed to take 100 per cent control of German copper wire and rod maker Deutsche Giessdraht by acquiring the 40 per cent stake held by Chile's Codelco.Aurubis had held 60 per cent of Deutsche Giessdraht and Codelco held the remainder through German unit Codelco Kupferhandel GmbH.The agreement will require the approval of German com...Read More

Teck trades lower following mine explosion

January 22, 2018 / www.mining.com

Shares in Teck Resources (TSX: TCK.A, TCK.B) (NYSE:TCK) dropped on Monday by 1.08% as reactions poured in following an explosion at its Elkview coal mine, located near Sparwood, British Columbia.What the company dubbed as "a significant pressure event at the dryer" took place Wednesday afternoon in an area where coal is dried using a natural gas heating system. Interviewed by the Times Colonist, t...Read More

Find out which 5 #TSX-listed #mining stocks saw the biggest share price gains last week:

January 22, 2018 / bit.ly

Last week's other top-gaining mining stocks on the TSX were RNC Minerals, Lydian International, Nickel Creek Platinum and Corvus Gold.Read full newsRead More

Japan Inc sees strong run of economic growth, but more wary than market estimates

January 22, 2018 / www.kitco.com

* 73 pct of firms see economic expansion lasting throughout 2018* Economists more bullish, seeing growth continuing through 2020* 40 pct of firms see no decisive end to deflation in near future* Views split on whether BOJ should keep easy money or exit By Tetsushi KajimotoTOKYO, Jan 23 (Reuters) - Nearly three-quarters of Japanese companies expect the economy to keep expanding at least another ye...Read More

Time To Kick The Can

January 22, 2018 / www.kitco.com

On Friday I began the daily opening letter by saying …Whether the politicians come to some kind of accord in regards to funding the government or they let time lapse and effectually shut down the government is not the real issue.I looked at the two real issues that encompass our current dilemma. First is the fact that politicians have become professionals at using this dilemma to insert the...Read More

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