Commodity Blog

Commodity price brief — Yes oil is at $102 barrel and copper is reaching and about to touch $4.00 lb. Many experts feel with the lack of new copper mines coming on-stream and the start-up costs for new mines increasing dramatically is a formula which will continue to put upward pressure on the price of copper. Hang on to your hats as commodity prices appear to be getting comfortable at the current prices. How do commodity prices relate to the Forex?

February 29, 2008

Gold N.Y. Spot $ 972.50
Silver N.Y. Spot $ 19.74
Lead LME Cash $ 1.5391
Copper LME Cash $ 3.8737
Zinc LME Cash $ 1.2338
Nickel LME Spot $ 14.29
Aluminum LME Spot $ 1.3996
Platinum N.Y. Spot $ 2163.00
Palladium N.Y Spot $ 567.50
Oil WTI Cushing $ 102.00
Natural Gas (Henry Hub)($/MMBtu) $ 9.12
Mid-Columbia (US$/MWh) $ 68.07
CAD/USD $ 0.9797
AUD/USD $ 1.0668
USD/AUD $ 0.9374
USD/CAD $ 1.0289
CAD/USD $ 0.9719
EUR/USD $ 1.5191
Nasdaq 2293.65
DJI 12385.82
S&P/TSX 13647.26
S&P/TSX Global Mining 117.53
Lead LME Stocks 45,750
Zinc LME Stocks 123,250
Copper LME Stocks 143,650
Nickel LME Stocks 47,874
Copper COMEX Stocks 13,101