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Daily Newsletter Newsletter-Commodity 10/11/2010

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MARKET WRAP Gold hits new record as euro zone fears resurface Silver hits record high of 28.90$ Copper hit its highest price in more than two years Oil scales new two-year high Lead trading near 3 weeks high

Gold hit record highs for a fourth day in a row on Tuesday, as fresh concern over the debt burdens of several euro zone member countries prompted safe-haven buying. Silver touched $28.90 an ounce, the highest since March 1980. Copper hit its highest price in more than two years on Tuesday, within touching distance of an all-time high, as supply concerns coupled with improving fourth-quarter demand underpinned industrial metals. Oil resumed gains to hit a fresh two-year high above $87 on Tuesday, erasing earlier losses.

ECONOMIC CALENDAR Date

Time

Currency

Economic Data

Wed Nov 10

7:00pm

USD

Trade Balance

7:00pm

USD

7:00pm

Forecast Previous -45.0B

-46.3B

Unemployment Claims

451K

457K

USD

Import Prices m/m

1.1%

-0.3%

9:00pm

USD

Crude Oil Inventories

1.1M

2.0M

10:30pm

USD

Natural Gas Storage

24B

67B

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TECHNICAL GOLD(DEC) Trend Strategy

• Bullish • Buy on dips

COPPER(NOV)

NATURALGAS(NOV)

ZINC(NOV)


info@capitalheight.com Phone- (0731)4295950

ALUMINIUM(NOV) Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 112.7 •R1 - 109.8

support

•S1 - 107.7 •S2 - 105.3

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