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Thursday, May 11, 2006

Markets To Watch Today

Copper: The Bulls are returning to the market. Copper is limit up this morning as supply/demand numbers reinforce a continued rise in prices. Mining Company Grupo Mexico is planning to shut down its St. Martin mine adding to supply worries. June Copper is 3.9430, limit up 20 cents.

Metals: The Precious metals are all on the rise with Platinum nearing a record high in its bid to catch up with the momentum displayed by speculator darlings Gold and Silver. July Platinum is trading at $1290.00, up $30.30 this morning.

Crude Oil: Crude Oil is not immune to what is shaping up to be a commodity wide bull run. News of a Texas refinery forced to shut down for the week gives bulls that extra dose of confidence before the open. June Crude is trading $73.24, up $1.11 in overnight trading.