Stocks began the day lower and trending was mixed through the first half of the
trading session. Investors were attempting to process how the massive earthquake
in Japan would affect reports in the world market. Crude prices dropped
significantly as Japan is a major consumer. The lower price of crude oil helped
push stock index composites into the green by days end. Following in a parallel
fashion were the price trend lines of the precious metals gold and silver. Half
way through todays trading session April gold was posting in the green by .46%
at $1419 an ounce. May contract silver was green as well at this point as price
per ounce posted at $35.07. Gold and silver have been moving in a positive
direction on average during the past month. The one month change for gold is
positive by 3.75 percent. Even more dramatic is the one month change for silver.
Silver prices have gone up almost 19 percent during the past month. Gold and
silver ended todays session in positive territory as well. End of day close for
the major market index composites were green across the majority of the market
tracking board. Specifically the Dow closed with an increase of 59.79 points or
0.50% at 12,044.40. The Nasdaq increased by 14.59 points or 0.54% to 2715.61.
The S&P 500 gained 9.17 points or 0.71% to 1304.28. April contract gold closed
at $1421.80 an ounce. May contract silver closed at $35.94 an ounce. May
contract on copper closed at $4.21 a pound. Author: Camillo Zucari
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