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Gold Silver Reports ✅ — The prices of Copper were yet again depressed by renewed selling pressure. This decline is actually a extension of what was seen in Copper last day. The pressure also ignited as weekend is round the corner. Squaring off long positions continue with simultaneous building of short positions.
Gold Silver Reports ✅ — LME Copper prices averaged at $ 5644 per tonne by the end of March 2017 against $ 4942 per tonne by the end of March 2016, up 14.2% on a year on year basis. Meanwhile, losses of 5% were registered on a year on year basis from $ 5941.55 per tonne during February 2017.
Gold Silver Reports — Chinas iron ore price index (CIOPI) was 293.68 points on March 30th, reducing by 0.58% of 1.71 points compared with the same period of last month.
Gold Silver Reports — Large speculators and commodity traders decreased their net positions in the WTI crude oil futures markets last week for the fifth straight week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.
Gold Silver Reports — The U.S. Retirement Market is in BIG TROUBLE as annual benefits paid out are now larger than total contributions. Actually, the amount of net withdrawals were the highest in history. When payouts become larger than contributions… then we have the making of the typical PONZI SCHEME.
Gold Silver Reports — Gold is poised to rally to levels last seen four years ago as rising inflation and negative real interest rates combine to boost demand, according to Incrementum AG, which says that the precious metal may be in the early stages of a bull market.
Gold Silver Reports — A continued spurt in Indian Rupee hurt the MCX Gold futures on a day when global prices were already in correction mode. COMEX Gold futures have slipped from their one month high amid strong US economic data and currently trade at $1255 per ounce, down 0.23% on the day. MCX Gold futures are trading at Rs 28690 per 10 grams, down 0.55% on the day. Prices have eased back after failing to break above Rs 29K levels.