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Monday, August 11, 2008

UPDATES ON AUG 11 2008

AUG 11 MONDAY

Zinc was at a 2.5 year low of $ 1685 down from Thursdays

$ 1740.

Zinc could face pressure on reports that producers are

facing losses at current price levels.

In all the Base metals complex would be volatile this

season.

There could be still one key to revival of the commodities

counter. That is if the U.S comes out of its ailing economy

and if China shows the expected appetite for coal.crude

and metals even after the Olympics gets over.

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