Metals Higher, Copper Rebounding (SLV, GLD, JJC, PALL, PLTM)
The metals market is mostly higher today, as opposed to the equity markets, which are plunging again on $100 per barrel oil.
Copper is up 5.2 cents this morning, trading at $4.3275, a gain of 1.2%. This is the first time in a while copper has been up, and is worth nothing. It could potentially be a dead cat bounce, or the resume of another uptrend. This will be something to watch.
Ipath Dow Jones Ubs Copper Total ETF (NYSE: JJC) is up 14 cents this morning to $57.59, a gain of 0.24%.
Silver is down 7 cents to $33.23 today, a loss of 0.2%.
Shares of Ishares Silver Trust ETF (NYSE: SLV) are down 27 cents this morning, to trade at $32.44, a loss of 0.84%.
Gold is up 80 cents to $1,414.80, a small gain.
Shares of Spdr Gold Trust ETF (NYSE: GLD) are up 47 cents to trade at $137.98, a gain of 0.34%.
Platinum is up $8.90 an ounce, trading at $1,785.60, a gain of 0.5%.
The platinum ETF settings First Trust ISE Global Platinum Index (NASDAQ: PLTM) is down 64 cents this afternoon to trade at $32.95.
Palladium is slightly higher today, up $1.50 an ounce, to trade at $776.05, a gain of just under 0.2%.
Shares of ETFS Physical Palladium Shares (NASDAQ: PALL) are stronger with two hours left to trading, up 5 cents to trade at $77.15.
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