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Thursday, 03/10/2011 10:33:15 AM

Thursday, March 10, 2011 10:33:15 AM

Post# of 173916
10:31 Commodities Selloff.

Like stocks, commodities are caught up in a broad-based sell-off. As such, every single commodity in the CRB Commodity Index is in the red. That has taken the CRB down 1.6%, which makes for its worst single-session slide since January... A 3.0% drop in oil prices to $101.25 per barrel is putting the most pressure on the CRB Index. Oil prices are now down more than 5% from the two-year high that they set earlier this week... Natural gas prices have extended their downturn to trade with a 3.3% at $3.80 per MMBtu in the wake of inventory data for the week ended March 4. Inventories had a draw of 71 bcf, which is less than the expected draw of 78 bcf... Precious metals have been hit hard. Specifically, gold prices are down 1.2% to $1412 per ounce. Silver prices have slumped to a 2.5% loss at $35.14 per ounce.

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