Market Report Archives

Friday Report: July 17, 2006
Led by nickel’s dramatic price increases, last week’s LME ended up all around...copper, aluminum – even lead posted solid gains over the Monday – Friday period…in New York, Comex September copper closed out last week @ $3.7125…August gold ended @ $668, hitting a fresh six-week high…August crude oil also finished at a record $77.03, up some 12% over the past three weeks and +26% year-to-date…Wall Street, meanwhile, was clearly distressed over the escalating violence in the Middle East and fast raising energy prices…the Dow closed 107 points lower Friday at 10,739, and for the week, lost 3.2%… Download (PDF)

Friday Report: July 14, 2006
The week started off showing a fairly steady tone for the base metal complex…Monday’s LME closed out with copper little changed and aluminum a bit weaker…3-months nickel powered ahead, however, closing @ $24,650/mt ($11.18/lb)…in New York, September Comex copper finished up 3 ½ cents @ $3.5825…and on Wall Street, the Dow gained 13 points to11,104…weaker crude oil prices and a stronger dollar took precious metals temporarily lower…August gold closed Monday @ $626.10… Download (PDF)

Monday Report: July 10, 2006
Friday ended mixed with nickel still setting the pace, trading to a fresh record while copper and aluminum eased under some profit taking…the other metals finished higher…August gold was lower on Friday @ $634.80 but not before reaching a 1-month high of $639.50 on dollar weakness…August crude oil also fell $1.05 @ $74.09 but was up for the full week, and up nearly 8% since start of latest rally June 16…on Wall Street, the Dow finished Friday at 11,091, down 1.2%, and for the week, it fell 60 points… Download(PDF)