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SHFE fuel oil futures fluctuate on U. Copyright 1996 – 2008 Grupa Onet. read more

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Alliance said the existing management of Tradewind will continue to manage the day-to-day operations under the trade name Saskcan Milestone on behalf of Alliance. Alliance operating firm Alliance Pulse Processors signed a memorandum of understanding for Tradewind in July, but a price was not released then. Copyright © 2008 The Canadian Press. read more

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JOHANNESBURG (Reuters) – South Africa’s Top-40 index rose more than 2 percent on Thursday, boosted by strong upward moves in commodity shares and as strong U. The JSE Securities Exchange’s blue chip Top-40 index was 1. read more

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The 34-year gold cycle guides liquidity flow from equity to gold, as money shifts from paper to hard assets. The 1967-68 Gold crises, which climaxed with the end of Bretton Woods system, followed the 1933-34 Gold crisis. Gold is a commodity leader more important than oil, as oil cannot replace money but gold can. That is why when the stock market peaks out and reverses trend, there is usually a rush to buy gold and gold stocks with investor funds obtained when industrial stocks are sold off as Dow Jones drops. After the low of business cycles is reached and recovery starts again, gold and gold stocks are sold off and funds reinvested. The equity v/s gold cycles for Nikkei, Dow and Sensex also suggest that we are heading for seasonally positive time for equities compared to Gold. read more

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Speaking at a Fed symposium in Jackson Hole, Wyoming, Bernanke said declines in commodity prices and a spell of weak economic growth should help slow inflation, adding that the outlook remains uncertain and that the year-long financial storm has not yet subsided. For the Federal Open Market Committee meeting scheduled for Sept 16, dealers see just a 14-percent chance that the Fed will raise its benchmark lending rate from the current 2 percent. Prospects for a fed funds hike by year-end rose to 38 percent from 32 percent late on Thursday, and ideas of rate increases rise slowly but steadily from there. Futures fully price the first Fed rate hike by the March 2009 FOMC meeting, almost seven months from now. Thomson Reuters is the world’s largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters. read more

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Till now, only business houses were allowed to trade in currency futures to minimise the risks arising from currency fluctuations. Currency futures are contracts to buy or sell one currency (only dollar-rupee as of now) against another at a specified price and date in the future. The National Stock Exchange is planning to start currency futures trading from August 29. However, if the dollar weakens to Rs 40, the returns would fall to Rs 16 lakh, a loss of Rs 1. But if the person had sold a 12-month futures contract at the spot price of Rs 43, amounting to $200,000, and the dollar did fall to Rs 40, he could cover the transaction by buying the dollar and make good the loss incurred in the international market. Jayant Manglik, head (commodity business), Religare Commodities, said, “The investor is hedged against both a rise and fall in currency, thereby ensuring safe returns. read more

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