Commodities Mixed – Gold Prices Higher Today while Oil Declines – FCX XOM and CHK shares fall

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(Best Syndication News) Energy commodities were lower while precious metals were higher today (see commodities chart below). Silver prices declines five percent in one day.

Precious Metals

June gold futures advanced slightly, up only 70 cents (0.04%) to $1,557.10 an ounce. Silver dropped $2.51 (-5.18%) to $46.08 an ounce.

Our un-weighted metals index was up 0.01 percent today. Platinum was up while palladium was down.

Copper prices advanced slightly. July copper futures were up 0.20 (+0.41%) to $4.20.

The share price for Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) fell 0.68 (-1.24%) to $54.34. In after hours the price fell another 0.15 percent.

Energy Futures

June light sweet crude on the NYMEX fell 41 cents (-0.36%) to $113.52 a barrel.

There was uncertainty following the announcement that Osama bin Laden was killed. Gold fell, but then advanced. Economic concerns, along with the uncertainty, may have driven oil down.

The share price of Exxon Mobil Corporation (NYSE:XOM) fell $1.01 (-1.15%) to $86.97.

Coal prices advanced today. June futures increased 0.17 (+0.21%) to $79.50 a ton.

While some energy stocks are performing well on higher oil prices, Chesapeake Energy Corp. (CHK) fell on disappointing first-quarter results.

Agriculture and Live Stock

Coffee, and pork bellies hit 100-day highs while sugar hit a 100-day low. Over the last 100-day period, coffee prices are up 48.58 percent. Our livestock index is up 15.92 percent and our agricultural index is up 8.58 percent. See the chart below for details.

By: Dan Wilson


Monday Survey # 2 (BSNCOM2) One-Day One-Day 100-Day 100- Day
5/2/2011 Energy & Metal Settle Source $ Change % Change % Change High Month
125.89 Brent crude ICE 0.00 0.00% 38.69% 126.65 June
79.50 Coal NYMEX 0.17 0.21% 7.00% 83.45 June
4.20 Copper HG COMEX 0.02 0.41% 2.33% 4.63 July
113.52 Crude oil (CL) NYMEX -0.41 -0.36% 28.59% 113.93 June
2.61 Ethanol ZE CBOT NYMEX -0.04 -1.32% 25.92% 2.73 May
1557.10 Gold GC COMEX 0.70 0.04% 12.57% 1557.10 June
3.25 Heating Oil (HO) NYMEX -0.02 -0.72% 32.16% 4.06 June
4.69 Natural gas NG NYMEX -0.01 -0.11% 1.89% 4.74 June
784.10 Palladium PA NYMEX -8.05 -1.02% 7.57% 857.70 June
1875.70 Platinum PL NYMEX 10.20 0.55% 11.56% 1875.70 July
46.08 Silver SI COMEX -2.51 -5.18% 63.12% 48.60 July
3.35 RB RBOB Gasoline NYMEX -0.05 -1.49% 45.27% 3.40 June
55.25 UxC Uranium U3O8 COMEX 0.00 0.00% -8.30% 73.00 May
358.10 Average All BSNCOM2 0.00 0.00% 12.15% 358.10 All
720.41 Metals Average BSNCOM3 0.06 0.01% 11.23% 720.41 Metals
47.55 Energy Average BSNCOM4 -0.05 -0.11% 25.69% 47.60 Energy
34 Ratio Gold/Silver Ratio G/S 1.76 5.50% -30.99% 49.70 Ratio

Monday Survey #1 One-Day One-Day 1 Week 30-Day 100-Day
5/2/2011 Commodity $ Change % Change % Change % Change % Change
2,772.00 Aluminum 0.00 0.00% 1.20% 10.57% 19.90%
125.89 Brent Crude 0.00 0.00% 1.65% 10.65% 38.39%
3,279.00 Cocoa -61.00 -1.83% 6.19% 5.67% 7.33%
305.55 Coffee 6.90 2.31% 3.89% 9.91% 48.58%
4.1665 Copper 0.04 0.94% -5.71% -3.98% 1.61%
661.25 Corn X 100 -9.25 -1.38% -0.64% -3.26% 15.10%
154.45 Cotton -2.25 -1.44% -7.80% -22.43% 18.82%
679 CRB Commodities Index 0.00 0.00% 1.19% 4.30% 14.70%
112.92 Crude oil 0.53 0.47% 0.56% 11.72% 27.13%
134.7 Feeder cattle -1.25 -0.92% -1.64% 2.12% 13.96%
1,540.00 Gold GC -4.10 -0.27% 2.41% 8.75% 10.87%
95.05 Lean hogs -0.18 -0.19% -5.00% -4.79% 24.85%
111.6 Live cattle -1.75 -1.54% -3.15% -0.18% 6.51%
4.76 Natural gas 0.00 0.00% 4.85% 12.00% 3.25%
168.8 Orange juice -0.85 -0.50% 1.02% 3.24% 1.69%
784.1 Palladium -8.05 -1.02% 1.96% 7.23% 5.80%
1,862.80 Platinum 25.40 1.38% 2.31% 8.09% 10.29%
126.5 Pork bellies 0.00 0.00% 0.00% 8.12% 21.05%
46.7 Silver SI -1.75 -3.61% 1.39% 36.31% 63.86%
1,393.00 Soybeans X 100 -1.00 -0.07% 0.23% 2.24% 7.48%
22.03 Sugar -0.17 -0.77% -7.44% -20.41% -24.99%
3.335 Unleaded gasoline -0.04 -1.13% 0.80% 13.07% 43.50%
791.75 Wheat X 100 -14.25 -1.77% -5.15% 9.51% 0.99%
5/2/2011 Commodity Type Change One-Day 1 Week 30-Day 100-Day
659.11 Average (All) -Alum -3.32 -0.50% 1.86% 6.31% 11.59%
61.73 Energy 0.12 0.20% 1.20% 11.20% 32.23%
116.96 Live stock -0.79 -0.68% -2.27% 1.59% 15.92%
846.98 Agricultural -10.23 -1.19% 2.19% 3.60% 8.58%
847.55 Metals Minus Aluminum 2.31 0.27% 2.26% 8.40% 10.02%

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