Sharekhan Commodities Buzz dated June 21, 2006

[Sunil]

 

Commodities Buzz [June 21, 2006] Please see the attachment for details Share khan www.sharekhan.com

Summary of Contents   COMMODITIES BUZZ Bullions: Safe-haven buying supports prices It is rather surprising that the US housing starts data rose 5.0% to 1.957 million in May, particularly when the debate continues on the slow-down in the US home market. Home construction data rose in May from a 13-month low as builders worked on backlogs of unfilled orders and used incentives to win new business in a slowing market. Given the backlog of orders, this increase should be witnessed as a dead-cat bounce rather than a sharp revival in the US housing segment.

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