DailyMarkets.com - European Stocks Fall On Weak German, EU GDP; DAX Drops 2.1%
DailyMarkets.com - European Stocks Fall On Weak German, EU GDP; DAX Drops 2.1% |
- European Stocks Fall On Weak German, EU GDP; DAX Drops 2.1%
- Crude Oil Futures Slump As Global Growth Concerns Weigh
- Euro Zone GDP Rises Less-than-expected In Q2
- Forex Trading: Eurozone Trade Balance (June) -1.6bln Vs. 0.0bln Expected.
- Gold Futures Jump Over 1% On Global Growth Fears
- Forex – Dollar Broadly Higher Vs. Rivals Ahead Of Merkel-Sarkozy Meeting
- U.K. Consumer Price Inflation Rises More-than-expected
- Forex – GBP/USD Weakens Ahead Of Key U.K. CPI Data
- Forex – NZD/USD Pulls Back As Risk Aversion Sharpens
- Forex – AUD/USD Declines After RBA Minutes Disappoint
- Asia Stocks Pare Gains; Nikkei Closes 0.23% Higher
- Forex – EUR/USD Hits Fresh Daily Low As German GDP Disappoints
- German Q2 GDP Rises Less-than-expected
- Momentum Stock: Hansen Natural Corp.
- Growth & Income Stock: ADTRAN, Inc.
- Bear Of The Day: American Int'l Group (AIG)
- Bull Of The Day: CIGNA Corporation (CI)
- Aggressive Growth Stock: SolarWinds
- Poor German GDP Data Weakens The Euro; Eurozone GDP Is The Next Event Risk For Temporal Pivot
- Forex – EUR/USD Down During The Asian Session
- Forex – GBP/USD Down In Asian Trade
- ICICI Bank Stays Neutral
- ICICI Bank Stays Neutral
- ICICI Bank Stays Neutral
- Colgate-Palmolive Still Neutral
- Ongoing Developments In Nuclear And Rare Earth Stocks
- Gold Futures Rise In Mid-day Asian Trade
- Forex – USD/JPY Rises In Mid-day Asian Trade
- Michael Barone On Adversarial Unionism
- Asian Stocks Move Higher In Early Trade; Nikkei Adds 0.6%
- A Reason For The August Stock Market Crash, Oct Pending
- Rollin’, Rollin’, Rollin’
- Crude Oil Futures Regain Momentum In Asian Trade
- Oil Technical Analysis For August 16, 2011
- Natural Gas Technical Analysis For August 16, 2011
- Gold Technical Analysis For August 16, 2011
- Timer Model Updates
- Natural Gas Daily Fundamental Analysis For August 16, 2011
- Gold Daily Fundamental Analysis For August 16, 2011
- Crude Oil Daily Fundamental Analysis For August 16, 2011
| European Stocks Fall On Weak German, EU GDP; DAX Drops 2.1% Posted: 16 Aug 2011 02:56 AM PDT Forexpros – European stock markets were sharply lower on Tuesday, following the release of disappointing data on economic growth in Germany and the wider euro zone, while markets awaited a meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy later in the day.<br /><br />During European morning trade, the EURO STOXX 50 dropped 1.6%, France’s CAC 40 slumped 1.55%, while Germany’s DAX 30 tumbled 2.1%.<br /><br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Crude Oil Futures Slump As Global Growth Concerns Weigh Posted: 16 Aug 2011 02:30 AM PDT Forexpros – Crude oil futures were down on Tuesday, pulling back from the previous session’s seven-day high as concerns that the global economic recovery was stalling weighed on future oil-demand expectations. <br /> <br />On the New York Mercantile Exchange, light, sweet crude futures for delivery in October traded at USD87.08 a barrel during European morning trade, falling 0.69%. <br /><br />It earlier fell as much as 0.9% to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Euro Zone GDP Rises Less-than-expected In Q2 Posted: 16 Aug 2011 02:07 AM PDT Forexpros – The euro zone’s economy grew less-than-expected in the second quarter of 2011, official preliminary data showed on Tuesday.<br /><br />In a report, Eurostat said that the euro zone’s gross domestic product increased by a seasonally adjusted 0.2% during the second quarter, slowing from growth of 0.8% in the preceding quarter. <br /><br />Analysts had expected the euro zone’s economy to grow by 0.3% during the second quarter. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex Trading: Eurozone Trade Balance (June) -1.6bln Vs. 0.0bln Expected. Posted: 16 Aug 2011 02:01 AM PDT … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Gold Futures Jump Over 1% On Global Growth Fears Posted: 16 Aug 2011 02:00 AM PDT Forexpros – Gold futures were up for a second day on Tuesday, climbing to a three-day high as a report showing German economic growth nearly stalled during the second quarter added to fears over the global economic outlook and boosted demand for safe haven assets.<br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,779.05 a troy ounce during early European trade, jumping 1.29%. <br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – Dollar Broadly Higher Vs. Rivals Ahead Of Merkel-Sarkozy Meeting Posted: 16 Aug 2011 01:43 AM PDT Forexpros – The U.S. dollar was broadly higher against most of its major counterparts on Tuesday, amid reduced demand for riskier assets ahead of a meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy later in the day.<br /><br />During European morning trade, the greenback was up against the euro, with EUR/USD slumping 0.4% to hit 1.4387.<br /><br />Preliminary data released earlier showed that German economic growth nearly stalled … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| U.K. Consumer Price Inflation Rises More-than-expected Posted: 16 Aug 2011 01:38 AM PDT Forexpros – Consumer price inflation in the U.K. rose more-than-expected in July, official data showed on Tuesday.<br /><br />In a report, the U.K. Office for National Statistics said the rate of consumer price inflation accelerated to 4.4% in July from 4.2% in June.<br /><br />Analysts had expected U.K. consumer price inflation to rise by 4.3%. <br /><br />Month-over-month, consumer price inflation was flat, confounding expectations for a 0.1% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – GBP/USD Weakens Ahead Of Key U.K. CPI Data Posted: 16 Aug 2011 01:13 AM PDT Forexpros – The pound was down against the U.S. dollar on Tuesday, pulling back from the previous day’s four-day high as markets awaited key data on U.K. consumer price inflation as well as a meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy later in the day.<br /><br />GBP/USD hit 1.6322 during early European trade, the daily low; the pair subsequently consolidated at 1.6338, shedding 0.32%.<br /><br />Cable was likely to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – NZD/USD Pulls Back As Risk Aversion Sharpens Posted: 16 Aug 2011 12:49 AM PDT Forexpros – The New Zealand dollar was down against its U.S. counterpart on Tuesday, pulling back from a four-day high after a report showing German economic growth nearly stalled during the second quarter added to fears over the global economic outlook.<br /><br />NZD/USD pulled back from 0.8410 during late Asian trade, the highest since August 10; the pair subsequently consolidated at 0.8297, down 0.32% on the day.<br /><br />The pair was likely to find support at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – AUD/USD Declines After RBA Minutes Disappoint Posted: 16 Aug 2011 12:34 AM PDT Forexpros – The Australian dollar was down against its U.S. counterpart on Tuesday, surrendering some of the previous day’s gains after the minutes of the Reserve Bank of Australia’s August 2 meeting showed that policy makers extended a pause on interest rates due to global growth concerns. <br /><br />AUD/USD hit 1.0410 during late Asian trade, a daily low; the pair subsequently consolidated at 1.0424, shedding 0.78%.<br /><br />The pair was likely … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Asia Stocks Pare Gains; Nikkei Closes 0.23% Higher Posted: 16 Aug 2011 12:07 AM PDT Forexpros – Asian stock markets pared earlier gains on Tuesday, with markets in Hong Kong and Australia turning lower, as optimism from strong overnight gains on Wall Street faded and markets turned their attention to a meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy later in the day.<br /><br />During late Asian trade, Hong Kong’s Hang Seng Index slumped 0.3%, Australia’s ASX/200 Index dropped 0.83%, while Japan’s Nikkei … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – EUR/USD Hits Fresh Daily Low As German GDP Disappoints Posted: 15 Aug 2011 11:44 PM PDT Forexpros – The euro was down against the U.S. dollar on Tuesday, pulling back from the previous day’s three-week high after disappointing German economic data, while markets awaited a key meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy later in the day.<br /><br />EUR/USD hit 1.4373 during late Asian trade, the daily low; the pair subsequently consolidated at 1.4380, slumping 0.44%.<br /><br />The pair was likely to find … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| German Q2 GDP Rises Less-than-expected Posted: 15 Aug 2011 11:20 PM PDT Forexpros – Germany’s economy grew less-than-expected in the second quarter of 2011, official preliminary data showed on Tuesday.<br /><br />In a report, Destatis, Germany’s statistical office, said Germany’s gross domestic product increased by a seasonally adjusted 0.1% during the second quarter, below expectations for a 0.5% increase.<br /><br />The previous quarter’s figure was revised down to growth of 1.3% from a previously … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Momentum Stock: Hansen Natural Corp. Posted: 15 Aug 2011 11:05 PM PDT Hansen Natural Corp. (NASDAQ:HANS) has produced big gains in 2011, recently rebounding from a small pull back to move back within striking distance of the all-time high. With estimates on the rise and a bullish growth projection, this Zacks #1 Rank stock offers a refreshing take on momentum.
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| Growth & Income Stock: ADTRAN, Inc. Posted: 15 Aug 2011 11:05 PM PDT ADTRAN, Inc. (NASDAQ:ADTN) recently delivered its 11th consecutive positive earnings surprise as sales jumped 23% to reach a quarterly record $184.2 million.
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| Bear Of The Day: American Int'l Group (AIG) Posted: 15 Aug 2011 11:05 PM PDT We are downgrading our recommendation on American International Group (NYSE:AIG) to Underperform on weak global cues, sluggish insurance dynamics and consistent cash outflow. The lock-in period for stock offering further holds back the attainment of capital flexibility in the near term. Higher restructuring charges and increasing losses from catastrophes, underwriting and investments along with adverse reserve developments are also affecting stock price declines.
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| Bull Of The Day: CIGNA Corporation (CI) Posted: 15 Aug 2011 11:05 PM PDT CIGNA Corp’s (NYSE:CI) second quarter core earnings were fairly ahead of the Zacks Consensus Estimate, as well as the year-ago quarter’s earnings. Better-than-expected results were aided by strong earnings from across the board. EPS also benefited from a lower share count compared with the year-ago quarter.
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| Aggressive Growth Stock: SolarWinds Posted: 15 Aug 2011 11:05 PM PDT SolarWinds, Inc (SWI) has a relatively short, but strong earnings history. The most recent quarter was record-setting and better than expected.
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| Poor German GDP Data Weakens The Euro; Eurozone GDP Is The Next Event Risk For Temporal Pivot Posted: 15 Aug 2011 11:04 PM PDT The quarter to quarter GDP for Germany was forecast to be 0.5%, a decline from the previous 1.5%. The number came out to be 0.1%. The market was holding its breath before this data, and after the release gave back EUR's gains from earlier. However, another GDP release comes out for the Eurozone 3 hours after the German GDP, and can serve as a temporal pivot. Much like the German GDP, Eurozone GDP is forecast to be 0.5% lower, 0.3% compared to the previous 0.8%.
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| Forex – EUR/USD Down During The Asian Session Posted: 15 Aug 2011 10:55 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Tuesday.<br/><br/> EUR/USD was trading at 1.4406, down 0.27% at time of writing.<br/><br/> The pair was likely to find support at 1.4105, Thursday’s low, and resistance at 1.4475, Monday’s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.01% to hit 0.8811 and EUR/JPY falling 0.20% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – GBP/USD Down In Asian Trade Posted: 15 Aug 2011 10:25 PM PDT Forexpros – The British Pound was lower against the U.S. Dollar on Tuesday.<br/><br/> GBP/USD was trading at 1.6357, down 0.21% at time of writing.<br/><br/> The pair was likely to find support at 1.6112, Thursday’s low, and resistance at 1.6409, Monday’s high.<br/><br/> Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.001% to hit 0.8812 and GBP/JPY falling 0.14% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 15 Aug 2011 10:00 PM PDT We are maintaining our Neutral recommendation on ICICI Bank Limited (IBN). Though we are concerned about ICICI's highly competitive operating environment and below-average credit quality, we anticipate continued synergies from the company's increased dependence on domestic loans, an almost stable funding base and market leadership in the insurance business. ICICI Bank's fiscal first quarter 2012 (ended June 30, 2011) profit came in at INR13.32 billion (US$298 million), up 29.8% from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 15 Aug 2011 10:00 PM PDT We are maintaining our Neutral recommendation on ICICI Bank Limited (IBN). Though we are concerned about ICICI's highly competitive operating environment and below-average credit quality, we anticipate continued synergies from the company's increased dependence on domestic loans, an almost stable funding base and market leadership in the insurance business. ICICI Bank's fiscal first quarter 2012 (ended June 30, 2011) profit came in at INR13.32 billion (US$298 million), up 29.8% from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 15 Aug 2011 09:05 PM PDT We are maintaining our Neutral recommendation on ICICI Bank Limited (NYSE:IBN). Though we are concerned about ICICI's highly competitive operating environment and below-average credit quality, we anticipate continued synergies from the company's increased dependence on domestic loans, an almost stable funding base and market leadership in the insurance business.
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| Colgate-Palmolive Still Neutral Posted: 15 Aug 2011 09:05 PM PDT We have maintained our long-term Neutral recommendation on Colgate-Palmolive Company (NYSE:CL) with a target price of $89.00 per share. Moreover, the company has a Zacks #3 Rank, implying a short-term ‘Hold’ rating on the stock. Colgate-Palmolive is the industry leader in oral care and commands market-leading positions in many personal care product categories. Furthermore, a strong portfolio of globally recognized brands, including Colgate, Palmolive, Mennen, Softsoap, Irish Spring, Protex, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Ongoing Developments In Nuclear And Rare Earth Stocks Posted: 15 Aug 2011 08:46 PM PDT As our loyal subscribers are well aware, Gold Stock Trades has long been beating the drums for attention to be paid to the ongoing developments in nuclear (URA) and rare earth stocks (REMX). An important feature of our service is to focus our investment spotlight on what must be considered a vital factor in our modus operandi. Gold Stock Trades may be early in our sectors under review, but as we say in our masthead. . .we anticipate opportunities.
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| Gold Futures Rise In Mid-day Asian Trade Posted: 15 Aug 2011 08:12 PM PDT Forexpros – <p style=”font: normal normal normal 12px/normal Helvetica; margin: 0px”><span style=”letter-spacing: 0px”>Forexpros – Gold futures moved higher in Asian trade Tuesday, bouncing back from hits taken from profit takers following the precious metal’s recent record rise above USD1,800 an ounce.</span></p> <p style=”font: normal normal normal 12px/normal Helvetica; min-height: 14px; margin: 0px”> </p> <p … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – USD/JPY Rises In Mid-day Asian Trade Posted: 15 Aug 2011 07:40 PM PDT Forexpros – <p style=”font: normal normal normal 12px/normal Helvetica; margin: 0px”><span style=”letter-spacing: 0px”>Forexpros – The U.S. dollar edged higher against the Japanese yen in Asian trade Tuesday, with a positive swing on Wall Street overcoming the release of poor domestic manufacturing data.</span></p> <p style=”font: normal normal normal 12px/normal Helvetica; min-height: 14px; margin: 0px”> </p> <p style=”font: normal normal … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Michael Barone On Adversarial Unionism Posted: 15 Aug 2011 07:10 PM PDT AEI fellow Michael Barone, “The Fall of the Midwest Economic Model” in Tuesday’s WSJ: “Adversarial unionism is one reason the Midwest slumped. It turns out that the 1970 assembly line, with union shop stewards always poised to shut it down, was not the highest stage of human economic development. When you make labor more expensive, you create incentives to invent new machines and create new jobs elsewhere. Foreign auto manufacturers built plants in a South recently freed from state-imposed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Asian Stocks Move Higher In Early Trade; Nikkei Adds 0.6% Posted: 15 Aug 2011 06:51 PM PDT Forexpros – <p style=”font: normal normal normal 12px/normal Helvetica; margin: 0px”><span style=”letter-spacing: 0px”>Forexpros – Asian stocks advanced steadily Tuesday in early trade, encouraged by overnight gains on Wall Street, and hopes that a meeting of European leaders would move a step forward in addressing the region’s debt woes.</span></p> <p style=”font: normal normal normal 12px/normal Helvetica; margin: 0px”><span style=”letter-spacing: … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| A Reason For The August Stock Market Crash, Oct Pending Posted: 15 Aug 2011 06:41 PM PDT Our overall readings on the web suggest to us that there is a silent but sure to be deadly trending going on right now. The media is not covering it, your broker is not telling you and your financial adviser is not advising you. Only the informed blogging world is leading with this story. Also note that this will be a great chance to profit. The deadly trend: A European wide bank run. We know folks in Portugal, Ireland and Greece took their funds out of their banks and purchased gold, Swiss … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 15 Aug 2011 06:14 PM PDT As with today’s “unexpectedly” weak Empire State Manufacturing Survey, the various regional Fed surveys keep singing a familiar tune – Rollin’, rollin’, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Crude Oil Futures Regain Momentum In Asian Trade Posted: 15 Aug 2011 05:30 PM PDT Forexpros – <p style=”font: normal normal normal 12px/normal Helvetica; margin: 0px”><span style=”letter-spacing: 0px”>Forexpros – Crude oil futures surged in early Asian trade Monday, rebounding from an earlier drop following the release of data showing weakness in U.S. manufacturing production. </span></p> <p style=”font: normal normal normal 12px/normal Helvetica; min-height: 14px; margin: 0px”> </p> <p style=”font: normal normal … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Oil Technical Analysis For August 16, 2011 Posted: 15 Aug 2011 11:04 AM PDT By CommoditiesMansion.com Brent
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| Natural Gas Technical Analysis For August 16, 2011 Posted: 15 Aug 2011 11:02 AM PDT By CommoditiesMansion.com
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| Gold Technical Analysis For August 16, 2011 Posted: 15 Aug 2011 10:59 AM PDT By CommoditiesMansion.com
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| Posted: 15 Aug 2011 07:08 AM PDT A number of regular readers have asked me to update the readings on my Asset Inflation-Deflation Timer Model. There is a new way of regularly accessing those model readings. I have been participating in the Ticker Sense blogger sentiment poll and the my “blogger opinion” is reflective of the model reading, where: Bullish = Inflation The poll is conducted weekly and the current reading is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Natural Gas Daily Fundamental Analysis For August 16, 2011 Posted: 15 Aug 2011 02:28 AM PDT By CommoditiesMansion.com
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| Gold Daily Fundamental Analysis For August 16, 2011 Posted: 15 Aug 2011 02:27 AM PDT By CommoditiesMansion.com
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| Crude Oil Daily Fundamental Analysis For August 16, 2011 Posted: 15 Aug 2011 02:27 AM PDT By CommoditiesMansion.com
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