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Credit and Housing Turning?
By Jon Nadler
Senior Metals Market Analyst
On a final note, Australia's Business Day reports that:
"India may have to suspend trading in more food futures as political pressure grows for action to tame inflation, Finance Minister Palaniappan Chidambaram said. ''If rightly or wrongly people perceive that commodities- futures trading is contributing to a speculation-driven rise in prices, then in a democracy you will have to heed that voice,'' Chidambaram said in an interview with Bloomberg Television in Madrid yesterday."
Look for a continuing push to the upside and mind closing levels. A most welcome recovery after three weeks of gloom, this. Longevity remains the focus.
Happy Trading.
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