Gold Silver Reports (GSR) – Alberta Readies Oil Embargo in Kinder Pipeline Battle – Alberta on Monday introduced legislation allowing it to halt exports of oil and gas to B.C., ramping up pressure on the coastal province to drop its opposition to the pipeline expansion. Alberta Premier Rachel Notley made clear she doesn’t expect to have to use the new powers, but wants to make sure the province has every available tool in its fight to ensure the Trans Mountain expansion gets built.
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Russia Sanctions Throw Global Aluminum Industry Into Chaos
Gold Silver Reports (GSR) – Russia Sanctions Throw Global Aluminum Industry Into Chaos — As producers like Rio hunt for new buyers for their bauxite and sources of alumina to feed smelters, the global chokepoint created by the sanctions means that many of the miners, refiners and smelters that should be benefiting from surging prices are actually facing challenges just to keep their operations running. For aluminum smelters, suspending operations is a worst-case scenario and restarting is very expensive.
MCX Zinc Strong Support @202—199 level
Gold Silver Reports (GSR) – MCX Zinc Strong Support @202—199 level — Zinc on MCX settled up 1.23% at 205.20 gained on short covering and tracking LME zinc which rose 0.5 percent to $3,131.50 a tonne as investors wagered the latest U.S.-led strike on Syria would not escalate into a wider conflict, though Asian equities turned mixed as selling in bank shares slugged Chinese indexes.
Commodities Weekly Research Report 16-04-18 To 20-04-18
Trend Sideways ⇒ Buy Gold MCX Between 30950 – 30850, Stop Loss (CBSL) – 30501 Target – 31480 ↔ 30610
Trend Sideways ⇒ Buy Silver MCX Between 38450 – 38550, Stop Loss (CBSL) – 37333, Target – 39380 ↔ 40440
Crude Oil Up on Syria Tensions, Neal Bhai Reports
Gold Silver Reports – Crude Oil Up on Syria Tensions, Neal Bhai Reports – The prospect of military action in Syria that could lead to confrontation with Russia hung over the Middle East but there was no sign a U.S.-led attack was imminent. Traders sought to lock in long crude oil positions ahead of the weekend, said John Kilduff, Partner at hedge fund Again Capital Management.
Gold Trending up, But Still Stalled by Hawkish Fed
Gold Silver Reports (GSR) – Gold trending up, But Still Stalled by Hawkish Fed – Gold has risen more than 3 percent this year, buoyed by international tensions and volatility in equities, but has yet to emerge from a tight trading range in the face of an expectation for rising U.S. interest rates, traders say.