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Daily Newsletter Newsletter-Commodity 10/11/2010 Phone- (0731)4295950

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 Data

Wed Nov 10



Trade Balance




Forecast Previous -45.0B


Unemployment Claims




Import Prices m/m





Crude Oil Inventories





Natural Gas Storage




• Bullish • Buy on dips



ZINC(NOV) Phone- (0731)4295950

ALUMINIUM(NOV) Trend Strategy

• Consolidate • Buy on dips


•R2 - 112.7 •R1 - 109.8


•S1 - 107.7 •S2 - 105.3

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