Zinc Target Level – Zinc Buy Call given at price 177.80 Achieved 1st Target 180. CMP 180.10. Total Profit of 2.3 Points / Rs 11500 per lot Read More
The Federal Open Market Committee (FOMC) began its two-day meeting today which is scheduled to end tomorrow afternoon. Following the conclusion of this month’s FOMC meeting will be a statement in which a policy decision will be announced.Inasmuch as the vast majority of market participants do not expect an announcement of a rate hike this month, they will focus on the statement for indicatio...Read More
Today Nickel Trading Tips – Buy Mcx Nickel Aug at Current Price 951 for Target Small at price 961 with SL set below price 942 Read More
(Kitco News) - If you think that weak gold prices have stalled mining activity and lowered appetites for precious metals all around the world, think again. Kitco News’ own Daniela Cambone has just returned from the Noosa Mining & Exploration Investment Conference, the pre-eminent gathering of mining professionals in Australia, where she interviewed mining executives, as well as veteran...Read More
NEW YORK (Reuters) - The U.S. economy is growing at a 4.7 percent annualized rate in the third quarter following the government's first reading of the second-quarter gross domestic product at 4.1 percent, the Atlanta Federal Reserve's GDPNow forecast model showed on Tuesday.The Atlanta Fed's initial third-quarter GDP estimate is nearly 2 percentage points above New York Federal Reserve's calculati...Read More
WASHINGTON (Reuters) - A U.S. bank regulator said on Tuesday it would start accepting national charter applications from financial technology companies, giving so-called fintech firms a path to federal oversight for the first time.The move by the U.S. Office of the Comptroller of the Currency opens the door for online and peer-to-peer lenders to operate nationwide under a single licensing and regu...Read More
(Reuters) - U.S. stocks rose on Tuesday, led by gains in industrials and a rebound in technology stocks, after a report that the United States and China hoped to resume talks to defuse a trade war between the world’s two largest economies.Representatives of U.S. Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He are having private conversations as they look for ways to reengag...Read More
Free Copper Tips Online – Buy Mcx Copper Aug at CMP 423.50 for Target Level 428 – 430 with SL Set to below price 420.50 Read More
(Kitco News) - Gold prices are moderately up in early-afternoon U.S. trading Tuesday. Some short covering in the futures market and perceived bargain buying in the cash market are featured. Also, the last trading day of the month today likely prompted some position evening in the metals, most of which being short covering. Still, the low risk aversion in the world marketplace at present continues...Read More
(Kitco News) - A two-day-old strike at Codelco’s Chuquicamata copper mine in northern Chile, along with the potential for walkouts at other major mines, are not having a significant impact on copper prices as traders worry more about the potential loss of demand amid global trade tensions.Codelco is Chile’s state-run copper company. Workers walked off the job at Chuquicamata on Monday...Read More
TODAY ZINC INTRADAY CALLSToday Zinc Intraday – Buy Mcx Zinc Aug at Current Price 177.80 for Target 180 – 181 with SL below price 175.10. RISK Taker trade 2 lots Read More
Gold is headed for its fourth straight monthly decline in July, the longest such streak since 2013, points out commodities brokerage SP Angel. This has occurred as investors turned to the U.S. dollar as the Federal Reserve remains on a path of monetary tightening, plus global trade tensions flare, the firm adds. As of 9:28 a.m. EDT, Comex December gold was down $2.80 for the day to $1,228.70 an o...Read More
Kirkland Lake Gold (TSX, NYSE: KL: ASX: KLA) reports that drilling exploration has resulted in high-grade gold intercepts in the Swan Zone at the Fosterville Mine in Australia. This likely will mean additional growth in mineral reserves, the company says. Key intercepts included 191 grams of gold per tonne over 2.6 meters, 134 g/t over 13.8 meters and 167 g/t over 3.85 meters. “The new drill...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
Not much has changed in the gold world, as rally attempts are immediately met at the door by sellers. There appears to be no hope for the metals. Even Vanguard is throwing in the towel on one of its gold funds. All hope is lost...or is it? Like with any market, the metals markets go through different phases and trends. The trend is down and until there is a reason to believe that has changed, sell...Read More
The latest news and price moves to start the Asian day on Tuesday July 31.Base metals on the London Metal Exchange ended mostly higher at the close of trading on Monday July 30, with aluminium and lead's 1% climb leading the way. Read more here in our live futures report.Here are how prices looked at the close of trading:ArcelorMittal has presented Italian authorities with a list of the addit...Read More
Base metals on the London Metal Exchange moved higher at the close of trading on Tuesday July 31, supported by easing trade relations between the United States and China amid broad stock drawdowns and a seasonal summer slowdown. Both copper and nickel prices broke past nearby resistance levels in the afternoon rally, with aluminium the only metal to trade in negative territory. Edging back ab...Read More
Comex copper prices recovered after a three day downturn with talks of a strike at Escondida mine spurring the red metal higher.Copper for September settlement on the Comex division of the New York Mercantile Exchange rose 2.30 cents or 0.8% to $2.8150 per lb.With a potential strike looming, production cuts at the Chilean mine have historically affected the...Read More
A summary of Glencore's second quarter production results for the three months ended June 30 (own-sourced output volume, year-on-year change):Copper - 350,800 tonnes, +10%Increase reflects the restart/ramp-up of Katanga operations in the Democratic Republic of Congo. Own-source copper sales during the period were some 32,000 tonnes lower due to timing of shipments H1 2018 production was up 8%...Read More
Prices for low-grade and high-grade manganese ore continued to diverge over the past week, with those for lower-grade material falling while quotations for higher-grade ore rose on the back of last-minute trades concluded at higher prices. Low grade ore prices slide while higher grade rises Chinese silico-manganese prices strengthen Indian silico-manganese prices dip at low end ...Read More