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Thursday 15 August 2013

TODAY COMMODITY MARKET STRATEGY

           (...................(Dear All)......................)


BASE METAL WRAP:

Copper was set to gain for a third week after an
unexpected drop in U.S. jobless claims and expanded
manufacturing data signaled the world’s biggest
economy continues to mend.

ENERGY WRAP:

West Texas Intermediate crude traded
near the highest price in two weeks as an escalating
conflict in Egypt fanned concern that oil shipments
through the country may be disrupted.

PRECIOUS METAL WRAP:

Gold gained to a two-month high,
heading for the best week in five, as lower equities
and signs of rising physical purchases spurred demand.
Silver was set for the best week since October 2011.

GLOBAL EVENTS TO WATCH:

Manufacturing Sales m/m, Building Permits, Housing
Starts, Prelim Nonfarm Productivity q/q, Prelim
Unit Labor Costs q/q, Prelim UoM Consumer Sentiment,
Prelim UoM Inflation Expectations.
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