Sharekhan Commodities Buzz dated December 12, 2006

[Sunil]

 

Commodities Buzz [December 12, 2006] Please see the attachment for details Share khan www.sharekhan.com

Summary of Contents   COMMODITIES BUZZ Bullions: Consolidation likely Gold rose on Monday after hitting a three-week low with bargain hunters and physical buyers supporting a market that remained vulnerable on thin trading ahead of Christmas. As a currency hedge, the market is waiting to see further weakness in the dollar. But the greenback has been steady against the other major currencies. Today's FOMC minutes might dictate the future direction for gold and any hint of no rate cuts would send the dollar higher and the precious metals complex lower. On the data front, October's trade balance is likely to be $63 billion against $64.3 billion, which should support the dollar.

Regards, The Sharekhan Research Team myac...@sharekhan.com

--
http://deadpresident.blogspot.com