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Friday, February 10, 2006

Markets To Watch Today!

Natural Gas: Natural Gas prices have plunged over 50% in over the past two months and have reached their lowest point since July. With less than expected draws on inventories reported yesterday, total gas storage is poised to exit the heating season at its highest level ever. March Natural Gas closed at $7.497, down 25.6 cents for the session.

Gold: Gold may get a boost out of China. The country plans to introduce an investment fund based on the yellow metal. With a fund size of between $62 and $124 million, the China Gold Investment Fund must receive government permission to invest outside of the country. March Gold was trading at $562.50 down $5.60 by 753am CST.

Soybeans: Soybean prices rose yesterday, despite the higher than expected inventory report. Strong fund buying allowed the contract to break through key resistance levels. March Beans closed at $5.8775, down 9 3/4 cents for the session.