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Thursday, 18 October 2012
Intraday Trading Tips
Aluminum
declined to the lowest level in a month, retreating for a fourth day, after Alcoa Inc. cut its forecast for global demand citing slowing growth in China, the world’s biggest user. Palm oil advanced for a second day to the highest level in more than a week after Malaysia, the second-biggest producer, signaled that it may reduce a tax on exports after prices slumped to a three-year low last week. Most Agro Commodities have been seen rising sharply as alerted last week after very sharp corrections. Rising Crude Oil rates along with rising Agro Commodity Prices are a deadly & a perfect combination for sharp Inflation rises. Gold & Silver would naturally be the choice for hedging against Inflation.
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