Commodities and Futures – Silver and Gold Prices Rise while Crude Oil Advance

gold price chart

(Best Syndication News) Gold and silver prices are moving higher on Monday as Asian stock markets pick-up steam (see futures charts below). Brent crude oil prices and WTI were both higher last week.

Equity, commodity, and currency markets are all hinged on news from Europe. Precious metals and crude oil prices are supported by optimism that Greek lawmakers and European leaders will consummate an agreement for the next round of bailouts.

Stock markets in Australia and East Asia are opening higher on the expectations.

Precious Metals

April gold prices on the COMEX fell sharply Friday, down more than two percent (see the survey #2 settle price chart below). Silver prices declined 1.15 percent last week while gold prices climbed just 0.03 percent. Most of the decline can be attributed to the Greek sovereign debt worries.

The ratio between gold and silver hit 52.0.

Since the settle, gold jumped $10.70 to $1736.60 a troy ounce. Silver jumped 33 cents to $33.55 an ounce.

While platinum was higher on Friday, last week platinum and palladium were both lower. Copper prices were down four percent on the week.

Gold and silver prices dropped on the Tokyo Commodity Exchange (TOCOM). On Friday, gold prices fell 4 yen (-0.09%) to ¥4,417 per gram. See the TOCOM chart below our dollar – ounce, gallon and barrel conversions.

Energy Prices

Light sweet crude oil (WTI) on the New York Mercantile Exchange (NYMEX) gained more than five percent last week. Brent crude oil gained only 1.94 percent. The difference between the two benchmarks hit $16.34.

April WTI gained $1.74 to $105.34 a barrel since the session close.

Last week natural gas was up 8.36 percent and heating oil gained only 0.03 percent.

RBOB gasoline gained 1.37 percent last week. May 2012 gas futures were up three cents to $3.22 a gallon.

Agricultural Products

Cocoa and coffee were lower on the CSCE (Coffee, Sugar and Cocoa Exchange), while sugar advanced. Last week sugar gained 2.5 percent while coffee prices dropped 7.48 percent.

Corn and soybeans were higher on the CBOT. Wheat gained 1.89 percent Friday.

Cotton on the NYCE fell 1.74 percent Friday but is still 2.25 percent higher on the week.

Lean hogs, live cattle and feeder cattle were all higher on the NYMEX. See the survey #1 chart below for all of the details.

By: Tom Madison
Business Reporter

TOCOM chart with our exclusive dollar conversions:

2/17/2012 Tokyo Commodities Exchange One-Day One-Day Five-Day 30-Day 100-Day
Yen * Commodity Dollars ¥ Change % Change % Change % Change % Change
4,417 Gold (standard) $1,729.00 -4 -0.09% 2.48% 10.07% 11.68%
84.1 Silver $32.76 -1 -0.71% 0.84% 19.29% 15.68%
4,186 Platinum (standard) $1,638.58 14 0.34% 1.09% 19.57% 10.16%
1,766 Palladium $691.29 -8 -0.45% 1.15% 16.11% 13.50%
71,150 Gasoline $3.39 130 0.18% 3.22% 9.58% 19.16%
57,170 Crude oil $114.40 100 0.18% 3.87% 9.63% 21.02%
322 Rubber $1.84 4 1.26% 1.58% 20.24% 3.80%
52.52 Ratio Gold/Silver 0.32 6 0.62% 1.63% -7.73% -3.46%
* ¥ / gram kiloliter and kilogram PST - conversions to $ / ounce barrel or gallon

Survey #2 Settle Price Chart:

Friday Survey # 2 (BSNCOM2) One-Day One-Day 1 Week 30-Day 100-Day
2/17/2012 Energy and Metal Settle $ Change % Change % Change % Change % Change
2163.50 Aluminum 3-mo LME 0.00 0.00% -4.94% 6.68% -2.57%
119.58 Brent crude (not settled) -0.53 -0.44% 1.94% 5.77% 15.05%
59.75 Coal 0.80 1.36% 2.93% -13.09% -19.51%
3.71 Copper HG -0.08 -2.19% -3.99% 7.95% 12.95%
103.24 Crude oil (WTI) 0.93 0.91% 4.63% 1.65% 28.66%
2.22 Ethanol ZE CBOT 0.01 0.59% -0.72% -0.36% -13.10%
1725.90 Gold GC -2.50 -0.14% 0.03% 6.75% 8.22%
3.19 Heating Oil (HO) -0.02 -0.65% 0.21% 3.87% 13.77%
2.68 Natural gas NG HH 0.12 4.56% 8.36% -12.34% -30.20%
688.10 Palladium PA -8.50 -1.22% -2.13% 12.17% 9.84%
1633.90 Platinum PL 7.80 0.48% -1.56% 16.33% 5.62%
3.02 RB RBOB Gasoline -0.03 -1.03% 1.37% 9.59% 19.27%
33.22 Silver SI -0.15 -0.46% -1.15% 15.80% 10.81%
728.00 Steel Hot-Roll Coil 0.00 0.00% 1.11% -0.68% 4.30%
52.15 UxC Uranium U3O8 0.00 0.00% 0.00% -0.19% -1.60%
2/17/2012 Averages and Ratios Change One-Day 1 Week 30-Day 100-Day
368.5 Average All -0.15 -0.04% -0.46% 8.68% 6.97%
689.5 Metals Average -0.57 -0.08% -0.98% 11.24% 7.33%
42.0 Energy Average 0.18 0.44% 3.08% -0.27% 8.71%
52.0 Ratio Gold/Silver Prices 0.16 0.32% 1.20% -7.82% -2.34%
-92.0 Difference Plat-Gold 10.30 -10.07% 40.46% -56.67% 92.07%
1.06 Ratio Plat/Gold -0.01 -0.62% 1.62% -8.24% 2.46%
1.2 Ratio Brent / WTI Prices -0.02 -1.34% -2.58% 4.05% -10.58%
$16.34 Difference Brent - CL -1.46 -8.20% -12.34% 42.09% -31.05%

Survey #1:

Friday Survey #1 One-Day One-Day 1 Week 30-Day 100-Day
2/17/2012 Commodity $ Change % Change % Change % Change % Change
19,825.00 Nickel 3-mo B
LME
0.00 0.00% N/A N/A N/A
1,972.00 Zinc 3-mo B 
LME
0.00 0.00% N/A N/A N/A
2,163.50 Aluminum 3-mo B
LME
0.00 0.00% -4.94% 6.68% -2.57%
119.58 Brent Crude -0.53 -0.44% 2.42% 6.00% 16.71%
2,346.00 Cocoa -21.00 -0.89% 9.01% 16.14% -12.30%
202.2 Coffee -0.55 -0.27% -7.48% -8.75% -14.49%
3.785 Copper -0.02 -0.63% -1.89% 10.29% 13.66%
645.5 Corn X 100 7.00 1.10% 2.34% 0.39% -0.39%
92.65 Cotton -1.64 -1.74% 2.25% -3.35% -7.67%
589 CRB Com Index 2.00 0.34% 0.58% 4.06% 2.43%
104.88 Crude oil 2.14 2.08% 7.13% 2.89% 29.18%
158.43 Feeder cattle 1.60 1.02% 3.12% 5.70% 12.44%
1,734.60 Gold GC 0.70 0.04% 0.80% 7.21% 6.50%
90.25 Lean hogs 0.12 0.13% 1.89% 7.44% 8.37%
131.05 Live cattle 1.30 1.00% 3.15% 8.85% 9.27%
2.92 Natural gas 0.13 4.66% 17.74% -5.50% -24.16%
187.8 Orange juice 3.30 1.79% 0.83% 5.77% 24.87%
693 Palladium -3.25 -0.47% -1.36% 12.50% 10.18%
1,651.80 Platinum 13.90 0.85% -0.64% 17.32% 5.76%
33.58 Silver SI 0.03 0.09% -0.03% 17.00% 9.74%
1,270.00 Soybeans X 100 6.00 0.47% 3.21% 5.92% 1.11%
23.8 Sugar 0.04 0.17% 2.50% 2.19% -1.90%
3.068 Unleaded gasoline 0.03 0.97% 2.78% 10.98% 18.00%
648 Wheat X 100 12.00 1.89% 2.86% 3.72% -0.23%
2/17/2012 Commodity Type Change One-Day 1 Week 30-Day 100-Day
586.02 Average (All) -Alum 1.01 0.17% 1.28% 9.08% -0.34%
57.61 Energy 0.44 0.77% 4.69% 4.47% 21.22%
126.58 Livestock * 1.01 0.80% 2.84% 7.18% 9.09%
676.99 Agricultural 0.64 0.10% 4.92% 8.21% -5.64%
823.35 Metals Minus Aluminum 2.27 0.28% -0.16% 12.05% 6.83%
0.17 Daily % Change (All) -Alum 0.50 -152.99% -118.93% -140.03% -123.74%

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