All Entries in the "Base Metals" Category
Platinum Update
Platinum for April delivery is down $37/lb to $1864/lb. After breaking past resistance at $1,780, the market was unable to reach its breakout target. Instead, the market failed at $1,860. Today’s close will be the lowest close since early January. Most risk markets or assets have failed to make new highs in recent weeks. Also, [...]
Copper Update
Copper for May delivery is down marginally today at $4.20/lb. The market has fallen almost 10% in the last month and is very close to a 3-month low. China’s Copper and related purchases in February declined 35% month over month. The country has been stockpiling Copper for months and declines are to be expected. Yet, [...]
Platinum Update for CMEGroup
Platinum for April delivery is higher by $18 to $1,805/lb. The market failed to reach its technical target we outlined a few weeks back. It is higher today thanks to a rebound from technical support at $1,780 and a broad advance in the metals. Anglo Platinum, the world’s largest producer, expects a stable price for [...]
Copper Update for CMEGroup
Copper has been weak lately but has rebounded $0.12/lb to $4.47/lb (for April delivery). In the last few weeks Copper ran into stiff selling at $4.60. The market had technical support at $4.25 and was able to recover yesterday. Today we are seeing follow through. One culprit of the weakness was higher Oil prices, which [...]
How to Profit from Copper’s Next Wave
..Today half of all the people in the world live in cities. This is an economic migration…
Platinum Update for CME Group
Platinum for April delivery is higher by $10.50 to $1,845/lb….
Copper Update for CME Group
Copper for March delivery is higher by nearly $0.02 to $4.49/lb….
Platinum Update for CME Group
Platinum for April delivery is lower by $18/oz to $1,862/oz….
Copper Update for the CME Group
Copper for March delivery is higher by $0.01 to $4.59/lb…
Platinum Update for CME Group
Platinum for April delivery is lower by $9/oz to $1,794/oz. Platinum has recovered some losses in the last few hours of trading. Last week we learned that Chinese imports of Platinum jumped 40% in 2010. The Chinese Association of Automobile Manufacturers expects vehicle sales to grow 10-15% in the country in 2011. Sales grew 32% [...]
