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Strategies & Market Trends : Commodities - The Coming Bull Market -- Ignore unavailable to you. Want to Upgrade?

To: craig crawford who wrote (221)	6/13/2001 4:59:33 PM
From: craig crawford	Read Replies (1) \| Respond to of 1643

Silver replaces copper in Detroit power lines:Silver Institute New York, June 13 (BridgeNews) - New electric power cables that rely on protective sheathing made of silver for transmission of electricity without loss of current to resistance were installed in a section of Detroit, the producer-funded Silver Institute said. When fully realized in the next decade or so, the superconducting wire market has the potential to consume 50 million ounces of silver or more each year, the institute said. The new technology has the potential to decrease copper use. ( Story .16314 ) Grupo Mexico says no new plans to shut more copper operations New York, June 13 (BridgeNews) - Mining and rail giant Grupo Mexico on Wednesday said it has no intentions to curtail any of its copper operations at this time, despite the fact that copper prices are currently trading near two-year lows. There has been some speculation that the recent decline in prices could force copper producers to shut down some of their higher-cost facilities. ( Story .15231 ) ISO sees world sugar prices trapped in 8-11c range in 2001-02 London, June 13 (BridgeNews) - World sugar prices may spend the coming season in the same 8-11 cent per pound range as in 2000-01 if the global sugar balance in 2001-02 (September-October) yields another production deficit of about three million tonnes, according to the International Sugar Organization. ( Story .15832 ) Analysts revise up Russian 2001 grain harvest to 67-70 mln tns Moscow, June 13 (BridgeNews) - Russia is expected to harvest 67-70 million tonnes of grain this year, up from a previous estimate of 66-68 million tonnes and 65.4 million tonnes harvested in 2000, the analytical department of the agricultural OGO group of companies said Wednesday. The forecast has been revised upward due to good prospects for the winter grain harvest, seen now at 26-28 million tonnes, up from an earlier projection of 25-26 million. ( Story .16910 ) Technical Analysis: NY Cotton Futures Chicago, June 13 (BridgeNews) - New York Cotton Exchange cotton futures rebounded after Dec set a contract low and Jly a 10-day low. While contracts flip-flopped all session, Jly and other active contracts ended the day higher on a mildly positive note. Jly options stop trading Friday, which some say could keep pressure on the front month. Talk of an end to this bear market sometime this summer or fall has been circulating, but one technician said he expects a long period of consolidation once cotton stops its descent. ( Story .3637 ) US FX Daily Outlook: Dollar/yen extends gains to 3-week high New York, June 13 (BridgeNews) - The dollar climbed to a three-week high of 122.44 yen following Monday's release of the disappointing contraction of the Japanese first quarter GDP and the overnight decline in Japanese share prices, especially the banking index. The euro hit a one-week high of 85.63 cents to the dollar on ongoing short covering since Tuesday's rumors of European Central Bank intervention. ( Story .901 )