email:  
 
 
  
 

Wednesday, April 26, 2006

Markets To Watch Today

Copper: Copper sets new all time highs, again. The contract was pushed higher by increased demand in base metals, an encouraging increase home starts and supply disruptions. Striking miners in Mexico may be joined by those in Chile, as they are expected to vote on approval of a new contract today. May Copper is trading at 3.3800, up 0.0595 this morning.

Silver: Silver remains extremely volatile, making gains of almost 80 cents yesterday and then trading lower this morning. Barclays Global Investors awaits approval from the SEC for its ETF. The company has made a deposit of silver with a custodian to back its Fund, anticipating a positive response. May Silver is trading at 12.560, unchanged this morning.

Crude Oil: Crude Oil got some Presidential relief yesterday as President Bush announced his plan to ease the supply threats by temporarily suspending additional shipments to the Strategic Petroleum Reserve and easing restrictions on gasoline blends. June Crude is trading at 72.48, down 40 cents in the overnight session.