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Several major stock market index values are trending green before opening bell for the U.S. trading session November 9th, 2010. Commodities have been on a tear and trending for precious metals is on the rise as well. Gold, silver, copper are all trending in the green currently. Interestingly as well, the dollar index rose. The dollar index is the value that tracks the greenback against the currencies of six trading partners. It had another strong day and is now trending positive for several consecutive days. The dollar was expected to devalue after the Fed’s announcement last week to inject more greenbacks into the U.S. economy, but so far it is holding strong and even strengthening. Historically, one sees an inverse relationship between the dollar value and precious metal commodity value. Gold and copper however are surging and the yellow metal specifically continues to shine bright even with the stronger dollar. Gold climbed to a record $1,414.85 an ounce and copper jumped as much as 1.6%. The trending for silver is up as the one month change is green at 18.10%. Copper’s one month change is green as well at 4.67%. Silver for December delivery is trading $27.43 an ounce. Copper for December delivery is trading $3.96 an ounce. Major commodities across the board are trending positive and thriving right now. Author: Camillo Zucari
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