
Commodity outlook better but not to 2008 level
Extreme demand and tight supply ruled the commodity market in 2008 to bring meteals and oil to record high. How about 2010. Chinese are pouring cold water to steaming hot economy at the same time europe is struggling to keep the economy running.

Oil flirting with $78 at 15 month high
Global economic recovery pulling OIL prices with it at yearly high . Crude oil rose for a seventh day to $78 a barrel after jumping more than 3% yesterday

Small dip in Gold prices on Dhanteras
As reported in Bloomberg, gold prices adjusted a bit but demand is low as exepcted.Gold prices dip on Dhanteras; demand low
Gold failed to sparkle on 'Dhanteras', the biggest gold buying festival in the country

Commodity prices this week
closing prices on ny mercantile exchange.Oil (Brent) — $69.94
Gold — $1,048.83
Silver — $17.71
Palladium — $319.50
Platinum — $1,336.02
Copper — $6,230.00
Aluminum — $1,894.00
Nickel — $18,940.00
Zinc — $2,045.00
Cocoa — $3,260.00
Sugar — $22.29
Corn — $370.00
Soybean — $34.99

Commodity boom has more fuel in it as per Rogers
Commodity supplies will lag behind demand during the next 10 to 20 years, further fueling a rally in raw materials, according to investor Jim Rogers.
“I don’t see any adequate-supply situation in any commodity market over the next decade or two,” Rogers, the chairman of Singapore-based Rogers Holdings, said today in an interview in New York. “The commodities boom is not over and the bull market has several years to go.”
Source : http://www.bloomberg.com/apps/news?pid=20602013&sid=aMYHzYh0dzCY

Alcoa's out with profit good news ahead from Hindalco
The US’s biggest aluminium producer, surprised Wall Street on Wednesday
by reporting a return to profitability in the third quarter after three
consecutive quarters of losses, thanks to rising metal prices and
aggressive cost-cutting.Revenue was $4.6bn, down from $7.2bn last year.Net income was $77m.Watchout what Hindalco comes out with ?




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