Commodites: No sign of a bounce
By Jamie Coleman || February 4, 2010 at 18:47 GMT
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Gold is down to $1062, almost $50 lower on the day. Oil is down over 5%, on the $72 handle once again. Copper is a relative strong performer, down only 3% on the day after a 4% slide yesterday. Contagion has spread to the emerging markets with Brazil off 4.7%. No real place to hide in a market like this, though the dollar and JPY are doing their best impersonations of safe havens.

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Portugal Fin Min Dos Santos will make statement at 20:00 GMT
Something is wrong. I can feel it. everybody is suddenly on the wires.
Interbank trade sunday evening sold EUR/JPY already. I wonder if it would go lower or go up from here?