The Yield Curve & The Minerals (02/05/08)

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 of a steep technical rebound.

My model is not meant to detect technical rebound, as such, it is more fit to track its record over the week rather than the day. Starting next week I will post the shape of the yield curve at the end of the week and the vaiation over the last week

The curve is slightly steep an d the trend is a lowering of the steepness. It is possible, an I am not saying it will, that the curve becomes inverted in the short run. I am not in the business of forecasting the yield curve.

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

All the Prices Are in USD

Energy (1/3 of the portfolio)

• Crude Oil Future (NYMEX) bbl: 116.320 +3.800 +3.38%

Precious Metals (1/3 of the portfolio)

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

• Palladium Future (NYMEX) Troy oz: 420.00 +4.50 +1.08%
• Platinum Future (NYMEX) Troy oz: 1,908.20 +25.90 +1.38%
• Rhodium Spot Troy oz: 9,110.00 +25.00 +0.28%
  

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

• Gold Future (COMEX) Troy oz: 858.200 +7.100 +0.83%
• Silver Future (COMEX) Troy oz: 16.465 +0.260 -1.60%

Base Metals (1/3 of the portfolio)

• Copper Future (LME) MT: 8511.500 +195.500 +2.35%
• Zinc Future (LME) MT: 2,199.000 +30.500 +1.38%
• Nickel Future (LME) MT: 28,275.000 +45.00 +0.16%
• Aluminum Future (LME) MT: 2,884.500 +80.500 +2.87%
• Lead Future (LME) MT: 2,574.500 +9.500 0.37%