May
17
In Zhezkazgan, Kazakhstan, a labor dispute at Kazakhmys was swiftly resolved within 3 days after the management agreed to satisfy miners demands for higher pay and better working conditions. However, the long term problems of the single industry town of Zhezkazgan in the central Kazakhstan region of Karaganda, where copper deposits are depleting will require [...]
Apr
16
Bullion, base metals and energy outlook by SMC Global
April 16, 2012 | Leave a Comment
Broking firm SMC Global gave following outlook on bullion, base metals and energy segment: Bullions: Gold futures along with silver can open in negative path tracking subdued opening in international markets. Gold June contract can trade in range of 28,450-28,650 and silver can also trade in range of 55,000-56,500 in near term. Gold edged lower [...]
Apr
16
GEPL Capital`s view on bullions, base-metals, energy
April 16, 2012 | Leave a Comment
GEPL Capital has come out with its report on bullions, base-metals and energy updates. Bullions Gold declined for a second day, dropping with equities and other commodities, as renewed concern that Europe’s debt crisis is worsening boosted the dollar. Spot gold lost as much as 0.5 percent to a one-week low of $1,649.32 an ounce, [...]
Apr
16
0 inShare SANTIAGO: Mining group Anglo American sees its copper output jumping this year as its disputed Los Bronces mine in Chile gears up, while a chronically undersupplied and volatile market will briefly tilt into surplus next year, a top executive said. Copper demand will expand a robust 5 to 6 per cent this year [...]
Sep
26
Check out best bets for crude, gold, copper
September 26, 2011 | Leave a Comment
Rajini Panicker, head of commodities research at MF Global Commodities India recommended a short on Multi Commodity Exchange (MCX) crude oil contract at levels of 4,120 for a stop loss of Rs 4,185 per barrel and target of Rs 3,920-3,900 per barrel levels. She told CNBC-TV18, “At levels of 4,120, the October crude would be [...]
Sep
26
The doctor’s diagnosis on the great world economy
September 26, 2011 | Leave a Comment
Let’s forget about Greece for the moment. Or even the US for that matter. What else is going wrong in the global economy that’s causing global markets to head southwards so sharply? The S&P 500 is down almost 10% for the year. But, the BSE-Sensex is down over 20% year to date (YTD). China and [...]
Sep
26
World stocks, euro off lows on ECB easing hopes
September 26, 2011 | Leave a Comment
LONDON: World stocks came off their lows and the euro inched up from an earlier 10-year trough against the yen on Monday as speculation that the European Central Bank might cut interest rates to help the economy countered concern over the euro zone debt crisis. Concerns about the global economic slowdown have not gone away, [...]
Sep
26
US market exceedingly weak, buy gold on dips: Fat Prophets
September 26, 2011 | Leave a Comment
Prices of gold and silver plunged on Monday as investors liquidated their positions on fears of an impending recession. US gold dropped 2% to USD 1,607.2 per ounce, while US silver shed 6.6% to USD 28.10. David Lennox, analyst at Fat Prophets, in an interview to CNBC-TV18, gave his view on how precious metals will [...]
Sep
26
Sterlite: Weak outlook priced in
September 26, 2011 | Leave a Comment
Even as metal prices weaken, the company’s zinc, lead & silver businesses should provide cushion. With declining base metal prices on the London Metal Exchange (LME), the stock of Sterlite Industries has lagged the broader market since end-July. It has lost almost 32 per cent in the past two months, including 4.5 per cent on [...]
Sep
26
Sterlite Industries, Hindalco hit 52-week low on falling copper prices
September 26, 2011 | Leave a Comment
NEW DELHI: Shares of Sterlite Industries & Hindalco touched their 52-week low on Monday as copper prices extended losses today. “Copper extended losses as fears of a Greek default stirred worries of a global recession, which could slow industrial use, a scenario underlined by copper’s sharpest weekly fall in nearly three years last week,” according [...]