Saturday, March 22, 2008

Commodity News from around the Web

The commodity selloff was the financial news of the week. Here's some responses from around the web on where investors think we go from here.

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The Global commodity selloff and why it's a great opportunity

This week, the commodity markets mauled many, many investors – the unsuspecting as well as the vigilant. Sometimes, there's just no way to escape harm...especially when you're in harm's way.

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Dollar Set for Weekly Gain on Fed Steps to Restore Confidence

The U.S. currency rose against the pound and the Swiss franc this week after the Fed made an emergency cut to the rate it charges banks to borrow and said it would swap Treasuries for mortgage-backed securities. The Fed also lent $28.8 billion to U.S. securities firms, its first extension of credit to non- banks since the Great Depression.

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Commodities fall further on US dollar recovery

Commodity prices, including gold and crude oil, sank further during Asian trading hours yesterday on the back of a steep plunge on Wednesday, as the US dollar recovery triggered a big sell-off by investment funds.

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EURO: CLOSES BELOW 1. 55 DOLLARS, TRADING SLUMPS FOR EASTER

The euro settles below 1.55 dollars at the end of a session denoted by limited trading in light of the upcoming closure of main financial bourses for the easter break.

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Dollar Gains on the Yen In Light Global Trading

Still, analysts weren't convinced further dollar gains may be sustained for long given a stagnant U.S. economy and low interest rates by the Federal Reserve that continue to weigh heavily on the greenback.

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Silver Falls Almost 18 Percent for the Week

There's been a lot of chatter lately that there are physical coin shortages, especially silver coin.

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Corn, Soybean and Soy Oil limits to Increase

With the overall commodity market undergoing a correction, the CME group let it be known that it is going to seek to get expanded limits on soy oil, soybeans and corn at the CBOT.

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