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Commodities
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Nostradamus
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17-Oct-2006 20:02
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Tin retreated after spiking to a record high the previous day, but sentiment remained positive after the closure of more than 20 small smelters in main producer Indonesia raised concerns about a supply shortage. Three-month London Metal Exchange tin jumped 12% to a record US$11,000 a tonne on Monday, pushing up the price of other base metals. Tin, used in electronics and as a lead substitute in solder, has gained more than 60% this year. The silvery, malleable metal slipped on profit-taking. Research group World Bureau of Metal Statistics said in September that tin was in surplus by 1,000 tonnes in the first seven month of 2006. |
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Nostradamus
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04-Oct-2006 23:27
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For those sceptics who say the commodities market is experiencing a bubble similar to the dot.com bubble, you should hear what renowned commodities investor Jim Rogers has to say. "Sugar is 85% below its all-time high, cotton 60% , silver 80%, gold 40%, coffee 70%. If you adjust the old highs for inflation, many commodities are 80-90% below their all-time highs," Mr Rogers said in an e-mail last week. |
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