Happy Friday! April 29, 2016

Copper gained on Friday due to a weaker dollar and firming oil prices and China is about to announce what many investors hope is strengthening economic news.  Copper on the LME climbed 1.9 percent to $5,035.50 a tonne ($2.28/lb) while the most-traded copper contract on the Shanghai Futures Exchange closed almost one percent higher at 37,620 yuan ($5,803) a tonne ($2.63/lb

As of 7:46 am in CowtownGlobal Warming

Spot COMEX 227.20, up 4.75 ¢

Jun COMEX 227.55, up 4.75 ¢

Jul COMEX 227.85, up 4.70 ¢

LME 3 Month Copper 5,029.00, Cash = 228.80 ¢/lb

COMEX Stocks down 293 mt. Total COMEX 59,773 mt

LME Stocks down 1,225 mt. Total LME 149,500 mt

Shanghai Stocks down 19,795 mt, Total Shanghai 311,894 mt (29APR16)

Stocks GT:  521,167 mt

Euro 1.1421

WTI Crude Oil 46.44, up 0.41

Brent Crude Oil 48.26, up 0.12

Spot Gold 1,277.30

 

Founder and President of Vertical Datacom, Inc

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