Even Lower Prices At The Pump?
Both gold and silver were hammered today
by profit taking. August gold futures
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selling. Gold hit a low of $321.60 per troy ounce, a level not seen since the
contract traded to $321.30 on May 28. August gold ended the day at $322.10, down
6.70 or 2.04%. Many times silver will follow gold’s lead, and today was no
different. July silver futures
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$4.94 an ounce. This also was profit taking in the works. July copper
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The June S&P 500 futures
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stayed on positive ground for most of the day, staging a late-day rally to end
positive at 1051, up 9.50 or .91%.
The June Nasdaq 100 futures
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traded negative on the day, then by the end of the day more volume came into the
market as well as a positive bias. This help push the NDM2 to a positive close
to 1194, up 13 or 1.10%. stronger
Oil inventories remain high and demand for
them remains low. This was confirmed early Wednesday by the Department of Energy.
The news pushed the energies lower. July crude oil
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.44 to $24.89 a barrel. July heating oil
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cent to 63.60 cents a barrel. July unleaded gasoline
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of a cent to 75.13 cents a gallon and July natural gas
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lower buy .07 to 3.25.
Soybean futures rose on the Chicago Board of Trade, getting most of the support
from gains in soyoil. Soybeans increased modestly on the strength of a rally in
soyoil, with investors also still upbeat about U.S. export prospects. July
soybeans
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delivery
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