Metal prices and UMJMetal prices trended substantially down following the terrible tragedy in Japan of last week. I see that base metals (esp Ni and Cu, of interest to UMJ holders) are starting to recover, perhaps in part as recognition of the need to rebuild the infrastructure of Japan in the months and years to come. PGM prices are lagging a bit, however: Japan's automobile manufacturing sector seems to have been impacted by the earthquake and tsunami. Platinum and palladium are used in catalytic converters.
mud