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Thursday, March 09, 2006

Markets To Watch Today

Gold: The metals tanked during yesterday's session, but rebounded in the overnight and early in this mornings session. The decline in Crude seemed to be the key catalyst in the move with technical factors also contributing. April Gold is currently trading at 548.40, up $4.10 as of 8:47 am CST.


Cotton: Cotton got a boost on news the China Cotton Association will soon be revising a deal with the US. May Cotton closed at 5386, down 11 for the session.


Crude: Crude fell for the third straight session on the OPEC announcement that production will remain at current levels. US inventories soared, increasing by 6.8 million barrels. Crude closed at 60.02, down 1.56 for the session.