This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Metals Edge Lower As Shutdown Continues

By The Associated Press

Metals and oil prices closed mostly lower Thursday as a partial shutdown of the U.S. government dragged on.

Gold and silver edged lower after two days of big swings. Gold for December delivery slipped $3.10 to $1,317.60 an ounce, while December silver fell 11.1 cents to $21.786 an ounce.

Oil for November delivery fell 79 cents to close at $103.31 a barrel in New York.

Investors are concerned that a prolonged shutdown could hurt demand for energy. Republicans in the House of Representatives have insisted on linking new budget legislation with scaling back the new health care law.

Traders are increasingly concerned that the dispute could cause a delay in increasing the government's borrowing limit this month so it can continue to pay its bills.

In other energy trading, natural gas dropped 4 cents to $3.50 per 1,000 cubic feet. Wholesale gasoline edged up 1 cent to $2.64 per gallon and heating oil rose 1 cent to $3.00 per gallon.

December copper fell 4.75 cents to $3.2685 a pound, January platinum fell $20.10 to $1,373.30 an ounce and December palladium fell $21 to $700.20 an ounce.

Crop prices rose. December wheat rose 3.25 cents to $6.8925 a bushel and November soybeans rose 14.5 cents to $12.8825 a bushel. December corn edged up 0.25 cent to $4.3925 a bushel.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs