Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Just two hours before the Cambridge House International Mining Investment Conference began in Vancouver on Tuesday, the gold price broke critical support at $1300. After trying repeatedly for three months, the safe-haven currency had been unable to break out above multi-year resistance at $1375. As mentioned last week in this column, surging crude oil on the back of Middle East tensions had been s...Read More
Steve Scherer, Gavin JonesROME (Reuters) - Italy’s two anti-establishment parties on Friday promised to ramp up spending in a program for a new coalition government, putting them on a collision course with the European Union despite watering down some of their most radical proposals.The “contract” by the League and the 5-Star Movement, the two parties that won the most parliament...Read More
Base metals prices on the London Metal Exchange were diverging on the morning of Friday May 18, the main movers being nickel where prices have climbed 1% and aluminium where prices have dropped 0.6%. Zinc prices are down 0.3%, while the rest are little changed with copper prices at $6,869 per tonne. Volume on the LME has been below average, with 3,276 lots traded as at 06.46 am London time. This f...Read More
TIPS FOR LEAD TODAYTips for Lead Today – Lead Sell call 929 given at price 160.25 Achieved 2nd target Level 158.60. CMP 158.50. Total profit of 1.65 x 2 lot = 3.30 PointsTIPS ID 929 : Mcx lead - SELL Lead at CMP 160.25 for Target 159.20 - 158.60 with SL Above price 161.25. RISK taker trade 2 lotsAFTER POST CONTENT Read More
A judge ruled that a bar was well within its right to kick out Trump supporters. And this is great news.Not because I have any particular animosity towards Trump supporters (any more than other enablers of government oppression). I’m not saying Trump supporters should be kicked out of bars. If I owned a bar I certainly wouldn’t kick out Trump supporters. After all, it’s not lik...Read More
SHANGHAI, May 18 (SMM) – Total approved copper scrap imports for this year rose to 482,400 mt, after the 12th batch of approvals for restricted solid scrap material imports was released on Tuesday May 15, SMM learned. This is down 83.9% from the total of 11 batches in 2017.Ten companies that imported scrap metals, waste plastics, and waste paper received approval. Approvals we...Read More
SHANGHAI, May 18 (SMM) – China's zinc spot market traded more actively in Shanghai than in Guangdong on Friday May 18, SMM learned. Offers in both markets rose.Buyers in Shanghai showed a preference for SMC imported zinc from Australia, which traded at a premium of 50-70 yuan/mt. Downstream demand in Shanghai held steady amid relatively tight supplies, SMM learned.In Shanghai, #0 zinc mo...Read More
On the back of a material contract win in mining and company announcement today confirming its strong full-year net profit target (circa A$38 million) and balance sheet, Codan shares rose 7.3% by mid-afternoon and have picked up 8.5% in the past week.The company's current market capitalisation is around $524 million.Codan's Minetec business, the focus of considerable investment in the past five ye...Read More
China's ferrous futures generally trended downward during morning trading on Friday May 18.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,628 yuan ($570) per tonne, down 37 yuan per tonne October hot-rolled coil: 3,804 yuan per tonne, down 31 yuan per tonne Dalian Commodity Exchange September iron ore: 477.50 yuan per tonne,...Read More
(Kitco News) - Gold prices are once again modestly lower in early U.S. trading Friday. Keener risk appetite in the marketplace recently is keeping demand away from the safe-haven metals.And a strong U.S. dollar continues to limit the upside in gold and silver. June Comex gold futures were last down $1.80 an ounce at $1,287.60. July Comex silver was last down $0.031 at $16.45 an ounce.World stock m...Read More
hmad GhaddarLONDON (Reuters) - Brent oil prices rose on Friday and were set for a sixth straight week of gains, boosted by strong demand, looming sanctions on Iran, plummeting Venezuelan production and Nigerian disruptions, as Saudi Arabia moved to assuage supply concerns.Brent crude futures LCOc1 rose by 51 cents to $79.81 a barrel at 1209 GMT. The benchmark broke through $80 for the first time s...Read More
Gambling rules in the US are inconsistentOnline gambling has produced even more grey areasFor now, online gambling is legal in four statesThe US's regulated gambling industry makes at least $41bnPresident Trump is yet to reveal his official stance on gamblingAmerica is a strange place when it comes to gambling. Like a lot of America’s laws, gambling changes from state to state, with local go...Read More
Lead Commodity – Lead Sell call 91b given at price 160.10 Achieved 1st Target 159.10 and Almost 2nd Target 158.70. CMP 158.75. Total profit of 1.35 x 2 lot = 2.70 Points91b : Mcx Lead Tips Today - SELL Lead at CMP 160.10 for Target 159.10 - 158.70 with SL Above price 161.05AFTER POST CONTENT Read More
SHANGHAI, May 18 (SMM) –Copper: LME copper stuck between several moving averages with support at the 40-day moving average overnight. As the US dollar is unlikely to fall from highs in the short term, we see LME copper trading rangebound at $6,850-6,900/mt with the SHFE 1807 contract at 51,000-51,500 yuan/mt during the day. Spot discounts are expected at 100-20 yuan/mt as sellers are likely...Read More
A group of very talented, very experienced and very determined people in the room, from Australia and elsewhere, were all solving some very valuable problems in the mining industry. Sadly, I was not surprised to hear almost all of them cite one of the major difficulties in succeeding as a mining tech start-up was the need to deal with major mining companies as customers.Maptek is a significantly l...Read More
SHANGHAI, May 18 (SMM) – Operating rates across China's zinc galvanising plants in April gained 19.29 percentage points on the month and stood at 86.1%, SMM surveyed. This is up 19.16 percentage points on the year. Most galvanising plants in north China cut production for environmental inspections in April 2017, and this accounted for the significant year on year increase in operati...Read More
May 18 (Reuters) - Futures for Canada’s main stock index were little changed on Friday as investors awaited inflation and retail sales data.Canada’s annual inflation rate is expected to have remained at 2.3 percent in April while retail sales are likely to have increased by 0.3 percent in March. Both the reports are scheduled to release at 8:30 a.m. ET.The Canadian stock market will be...Read More
"The greatest evil is not now done ... in concentration camps and labour camps. In those we see its final result. But it is conceived and ordered (moved, seconded, carried, and minuted) in clean, carpeted, warmed and well-lighted offices, by quiet men with white collars and cut fingernails and smooth-shaven cheeks who do not need to raise their voices. Hence, naturally enough, my symbol for Hell i...Read More
Copper Carry Call – SELL 2 lot Copper at CMP 463.70 for Target 460 – 458.60 with SL Above price 466.10AFTER POST CONTENT Read More
SHANGHAI, May 18 (SMM) –Copper: LME copper stuck between several moving averages with support at the 40-day moving average overnight. As the US dollar is unlikely to fall from highs in the short term, we see LME copper trading rangebound at $6,850-6,900/mt with the SHFE 1807 contract at 51,000-51,500 yuan/mt during the day. Spot discounts are expected at 100-20 yuan/mt as sellers are likely...Read More