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Thursday, May 5, 2011

MCX Silver&Gold Support and resistance Today | MCX Bullion Tips

 SILVER HITS THREE-WEEK LOW, DRAGS DOWN GOLD.
CRUDE OIL CONTINUES TO MOVE SOUTHWARD.
BASE METALS SUBDUE ON WEAK LME CUES.
CUMIN SEED & BLACK PEPPER CONTINUES TO SHED.

Gold, silver fall sharply for third straight day.
Sentiment down after George Soros sold gold, silver.
Weekly U.S. crude stocks rose by 3.42 mln bbls.
U.S. private payrolls disappoint in April.
Oil prices fell for a third day on Wednesday.
Copper falls after U.S. data.
Silver slid sharply for a third straight session Wednesday, dragging down gold, on follow-through selling after the exchange raised margin requirements for a third time in a week. George Soros' big $28 billion firm and some hedge funds have been selling gold and silver. Copper fell to its lowest since mid March on Wednesday as investors worried that tightening monetary measures in China, signs of slowing U.S. growth.
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