Posts Tagged ‘metals’

Copper Higher on Demand, 200 EMA Resistance

by Christopher Lemieuxon November 29, 2013 6:05 pm BST
Copper futures rose on a positive outlook for increasing demand in China. Chinese manufacturing indicators continue to show growth expansion, and copper stockpiles shrank for the twelfth week in a row, according to data from the London Metal Exchange. TD Securities’ head of commodity strategy Bart Melek said “we continued to see Chinese demand move […]

Copper Advances on Chinese PMI Data

by Christopher Lemieuxon October 25, 2013 4:22 pm BST
Copper advances during the London session on hopes of further increases in Chinese manufacturing. The HSBC flash manufacturing PMI  of 50.9 beat forecasts of 50.5 and the down revision of the previous month’s reading of 50.2. China represents a 40 percent market stake in the industrious metal. Copper, and other Chinese related assets, took a […]

Anemic Global Growth and Mining Output Grows Copper Supply

by Christopher Lemieuxon October 14, 2013 4:09 am BST
The International Monetary Fund (IMF) cut global growth, including growth in emerging market economies China and India. Due to the anemic growth forecasts, the copper supply is expected to grow three-fold in 2014. The industrious metal is forecasted to growth to a 13-year high of 272k metric tons, according to the International Copper Study Group […]

Goldman forecasts gold rally amid debt-ceiling confrontation

by Forex Rooton January 21, 2013 5:32 am BST
Gold may climb over the next three months as U.S. lawmakers attempt to tackle the country’s debt ceiling and the world’s largest economy slows, Goldman Sachs Group Inc. said, advising investors to place bets on advances. “We see current prices as a good entry point to re- establish fresh longs,” analysts Damien Courvalin and Alec […]