Gold Silver Reports — The dollar is making its impact felt on gold. The metal traded in near-perfect opposition to the currency, with the 30-day historical correlation reaching negative 0.78 on May 20.
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Copper MCX May Trading Levels of 308-316
Gold Silver Reports — Copper may move in the range of 308-316. Lead can hover in the range of 113.50-115 while zinc can move in the range of 125 -129. Nickel may move in the range of 555-580 in MCX. Aluminum can move in the range of 103-106 in MCX.
Crude MCX May Maintain Strong Positive Trend
Gold Silver Reports — Crude Oil MCX  may continue its bullish momentum as it can test 3420 in MCX .Meanwhile OPEC meeting this week on 2 June will give further direction to the prices.
Output in Chile Copper Mines Decreased 8.2 Percent
Gold Silver Reports — Heavy rains have hit the copper output in Chile, the world’s top producer. Output in April has dropped as heavy rains hit some mines in the country’s central regions and ore grades are also declining, according to the Government.
Gold Broke Below $1200 An Ounce
Gold Silver Reports — Gold’s on the ropes. Bullion broke below $1,200 an ounce on Monday after losing more than $100 in less than a month as Federal Reserve policy makers land punch after punch by talking up the prospects for a U.S. interest rate rise, reinvigorating the dollar.
Gold Support at $1172 and Silver Around $15.10
Gold Silver Reports — Friday was undeniably brutal for gold investors. Some of our favorite mining stocks were down 10% or more in a single day.