Comex minis start slow in cautious mart

Dec 04, 2006 | 02:48 PM | Sean Barry

Trading of the New York Mercantile Exchange's new Comex miNY metals contracts was quiet on the first day of business, traders said Monday.

Thin volumes were reported across the copper, gold and silver miNYs as market participants sat on the sidelines and adopted a "wait-and-see" approach, according to traders.

Copper for delivery in March was trading at $3.1680 a pound on the miNY contract Monday afternoon, while the full-sized contract had posted a settlement price of $3.1760 a pound earlier in the afternoon.....

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