Wednesday, September 7, 2011

Isra-Mart srl: Metals Mostly Lower, Copper Soaring Higher

www.isramart.com
The metals market is much lower today, with the notable exception of copper, which is soaring on the back of a risk on day. Equities are jumping, with all three indexes sharply higher.

Copper is up 7.65 cents to trade at $4.1325, a gain of 1.9%.

Ipath Dow Jones Ubs Copper Total ETF (NYSE: JJC) is up 92 cents to $53.73, a gain of 1.74%.

Silver is down 94 cents to $40.93, as it looks it may break $40 if riskier assets continue to see a bid.

Shares of Ishares Silver Trust ETF (NYSE: SLV [FREE Stock Trend Analysis]) are down $1.37 this morning, to trade at $39.68, a loss of 3.26%.

Gold is plunging $61.30 an ounce to $1,812.00, a loss of 3.25%.

Shares of Spdr Gold Trust ETF (NYSE: GLD) are down $7.62 to $175.12.

Platinum is down $36.90 an ounce, trading at $1,821.30, a loss of nearly 2%.

The platinum ETF settings First Trust ISE Global Platinum Index (NASDAQ: PLTM) is up 53 cents this morning to trade at $23.34.

Palladium is up $2 an ounce today, trading at $756 an ounce, as it looks like it will break $800 an ounce sooner rather than later.

Shares of ETFS Physical Palladium Shares (NASDAQ: PALL [FREE Stock Trend Analysis]) are lower today, down 13 cents to $74.23.