Tuesday, October 14, 2008

Commodities Snapshot

First from MineWeb:

KEY ENERGY PRICES

USD/unit

From high*

From low*

Brent Crude, bbl

80.38

-46.3%

9.9%

NYMEX sweet, 12-m, bbl

86.40

-41.4%

8.8%

Natural Gas (US), mmbtu

6.76

-51.7%

3.9%

Heating Oil (US), gal.

2.40

-43.5%

9.8%

Coal (Appalachian), ton

85.48

-39.8%

53.2%

Uranium Oxide, lb

46

-51.6%

0.0%

PRECIOUS METALS

USD/oz

Gold

845.13

-18.2%

14.7%

Platinum

1032.50

-55.1%

11.2%

Palladium

204.50

-65.6%

10.7%

Silver

10.97

-48.6%

16.5%

BASE METALS

USD/t

Copper

5115

-42.8%

11.9%

Aluminium

2250

-33.4%

4.7%

Nickel

12800

-63.6%

16.4%

Zinc

1480

-53.8%

16.5%

Lead

1565

-59.8%

13.8%

Tin

14525

-43.0%

11.7%

* 12-month



From the article "King Coal Bounces Back".

and more graphically, from Bespoke Investment Group, four of the ten commodities they feature:
...However, with the global economic turmoil that has occurred recently, it's surprising and somewhat telling that gold isn't trading well into overbought territory. The fact that gold and other "flight to safety" assets have failed to make significant moves indicates that margin calls and deleveraging are occurring on a massive scale.

Oilnatgas1013

Goldsilv1013