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Tuesday, October 03, 2006

Cold Coffee

Cold Coffee: Someone threw cold water at the recent Coffee rally this morning, as prices gave back all of last week's gains. Speculative selling was to blame for today's sharp drop, with commodity funds adding to an already existing short position, and small speculators being stopped out of their longs once the December contract broke below support points at 105.80 and 105.00. Read More....