The following Metal Bulletin UK non-ferrous scrap and foundry ingot prices changed on Wednesday July 18:...Read More
Metal Bulletin is proposing to launch four weekly grade-316 alloy steel scrap assessments - two for the UK and two for Europe.Metal Bulletin is proposing to launch two weekly UK domestic grade-316 alloy steel scrap assessments on a delivered to merchant basis, ? per tonne.Metal Bulletin is also proposing to launch two weekly Europe import grade-316 alloy steel scrap assessments on a cif main Euro...Read More
UK long steel producer British Steel has announced plans to upgrade its wire rod line at Scunthorpe in England in 2019, to produce material in a wider range of sizes (up to 28mm) and to tighter tolerances, with better surface quality and micro-structural properties....Read More
Brazilian flat steel import volumes rose by 23.13% year-on-year in June 2018, mostly because of higher inbound shipments from China....Read More
Gold broke below its major support level at $1,238 today in reaction to the Federal Reserve Chairman Jerome Powell’s testimony to the Senate Banking Committee. Gold futures (August Comex contract) closed dramatically lower settling at $1,227.50, losing $12.20, a net decline of almost a full percentage point.Spot gold pricing lost $12.20 by 4:00 PM Eastern standard time and is currently fixed...Read More
NEW YORK, July 17 (Reuters) - China and Japan increased their holdings of U.S. government debt in May, as foreign purchases of Treasuries rose for the first time in three months while benchmark 10-year yield hit a near seven-year peak, data from the Treasury Department showed on Tuesday.Overseas investors bought $26.7 billion in Treasuries in May, compared with $4.78 billion in sales in April.Chin...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump tried on Tuesday to calm a storm over his failure to hold Russian President Vladimir Putin accountable for meddling in the 2016 U.S. election, saying he misspoke in a joint news conference in Helsinki on Monday.Trump stunned the world by shying away from criticizing the Russian leader for Moscow’s actions to undermine the election and cast d...Read More
Nickel Intraday – Buy Nickel Jul at CMP 930.20 for Target 937.50 – 942.60 with SL below price 924.60 Read More
Mcx Lead Tips – Buy Lead at CMP 148.60 Add more at price 148 for Target 149.60 – 150.10 with SL below price 147.50 Read More
DAILY LME STOCK INVENTORY : 17/04/2018Aluminium up by 19375MT,Copper up by 2525MT,Lead unchange MT,Nickel down by -222MTZinc down by -2425MT. Read More
Zinc Trading Hold Call – Zinc Jul Buy Hold call bc7 given at price 171.70 (172.20+171.20) Achieved 1st Target 173.80. CMP 174.60 Near to 2nd target. Profit of 2.9 x 2 lot = 5.8 PointsTIPS ID bc7 : Zinc Hold Carry Call - BUY Zinc Jul at CMP 172.20 Add more at price 171.20 with SL 170.50 for Target 173.80 - 175 Read More
Zinc Target Call – Zinc Buy Call bd8 given at price 171.85 Achieved 2nd Target 173.60. CMP 173.70. Total profit of 1.75 Points per lotCALL ID bd8 : Today Zinc Call - BUY Zinc at CMP 171.85 for Target 172.90 - 173.60 with SL below price 170.75 Read More
(Kitco News) - Gold and silver prices are solidly lower and notched new 12-month lows in early-afternoon U.S. trading Tuesday. The precious metals dropped in conjunction with comments from Federal Reserve Chairman Jerome Powell today that suggested the U.S. economy is strong and inflation is tame. Powell’s remarks lifted the U.S. dollar index to its daily high. August gold futures were last...Read More
Free Zinc Call – Zinc Buy Call bd8 given at price 171.85 Achieved 1st Target 172.90. CMP 173.20. Profit of 1.35 Points per lotbd8 : Today Zinc Call - BUY Zinc at CMP 171.85 for Target 172.90 - 173.60 with SL below price 170.75 Read More
Copper Trading – BUY Copper at CMP 422.10 for Target 424.50 – 426 with SL below price 419 Read More
Today Zinc Call – BUY Zinc at CMP 171.85 for Target 172.90 – 173.60 with SL below price 170.75 Read More
(Kitco News) - Gold prices remain under pressure as Federal Reserve Chairman Jerome Powell signals a steady as it goes tone in his prepared testimony before the U.S. Senate Committee on Banking, Housing, and Urban Affairs.As expected Powell remained upbeat on the U.S. economy, saying growth has been "solid" so far this year. "The latest data suggest that economic growth in the secon...Read More
Newmont Mining Corp. (NYSE: NEM) announces the completion of the Northwest Exodus project in Nevada. This should add between 50,000 and 75,000 ounces of gold production per year and lower Carlin’s all-in sustaining costs by approximately $25 per ounce during the first five years of operation, Newmont says. The underground infrastructure also provides exploration platforms for potential futur...Read More
Holdings of gold by global exchange-traded funds have fallen to the lowest level since March, reports commodities brokerage SP Angel. The ETFs trade like a stock but track the price of the commodity, with metal put into storage to back the shares. They give investors exposure to the gold price without incurring certain expenses such as assaying and storage. “Depressed gold prices are forcing...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