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Wednesday, December 8, 2010

ALL COMM ZOOMED YESTERDAY AFTER US GOVT DECIDED TO EXTEND TAX BREAKS BY ANOTHER 2 YEARS, DECREASE IN MONEY MKT INTEREST RATES IN CHINA, DECREASING INVENTORIES IN LME AND CHINA/ CORRECTION CAME AFTER USD STRENGTHENED LATER EVENING AFTER US ANNOUNCEMENTS AND PROFIT BOOKING SET IN/ EXP SHARP GAPDOWN OPEN BULLIONS , CRUDE DOWN ABT RS 25, BASE METASL COPPER DN ARD 0.60%, ZINC LEAD ABOUT 1%, NICKEL DN ARD0.50%/ SUPPORTS COPPER 398 , NICKEL 1064,ZINC 100.50//

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