While the situation in Cyprus remained unresolved as of Friday afternoon, commodities and equities advanced in New York and London as better than expected earnings reports gave stocks a boost and dollar weakness helped most commodities. At the London Metal Exchange, LME official 3-mo. base metal asking prices were up across the board this morning including for copper ($7,656/mt = $3.47/lb.), nickel ($16,930/mt = $7.68/lb.), lead ($2,185.50/mt = 99 cents/lb.) and zinc ($1,945/mt = 88 cents/lb.). COMEX May copper also gained over 3 cents in New York trading to approach $3.47/lb. and crude oil futures firmed to over $93/bbl as the Euro reportedly traded as high as $1.2904 today. As investor sentiment began to shift, gold futures eased to $1,607/to, Treasury yields were holding steady and the Dow Industrials finished 0.63% higher today at 14,512.03…
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