The Yield Curve & The Minerals (25/04/08)

I am posting here at the end of each week the type of the yield curve (steep,normal or inverted), at the close of the Market, the projection of my Model and the variation over the last day of the minerals price.

The Yield Curve is Steep

According to my research (Commodities and Interest Rates) minerals should be going down. Obviously my Model failed on Friday because of the shock of the confrontation between a Iranian and a US boat.

The closure of the UK pipeline should not increase on the demand for crude oil: it should increase the demand for refined product but decrease the demand for crude.

The beginning of the week should bring us a large downturn of minerals.

Energy (1/3 of the portfolio)

• Crude Oil (NYMEX) bbl: 118.520 +2.460 +2.12%

Precious Metals (1/3 of the portfolio)

With High Industrial Value (1/6 of the portfolio):

• Palladium (NYMEX) Troy oz: 448.95 +2.50 +0.56%
• Platinum (NYMEX) Troy oz: 1,960.00 -2.70 -0.14%
• Rhodium: 9,080.00 +0.00 +0.00%
  

With Low Industrial Value (1/6 of the portfolio):

• Gold (COMEX) Troy oz: 887.200 +0.400 +0.05%
• Silver (COMEX) Troy oz: 16.846 +0.190 -1.14%

Base Metals (1/3 of the portfolio)

• Copper Future (LME) MT: 8666.500 +53.500 +0.62%
• Zinc Future (LME) MT: 2,299.500 +80.500 +3.63%
• Nickel Future (LME) MT: 29,395.000 +615.00 +2.14%
• Aluminum Future (LME) MT: 2,962.500 -7.000 -0.24%
• Lead Future (LME) MT: 2,754.500 +9.500 0.35%