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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Bobby Yellin who wrote (4763)	3/24/1999 10:07:00 AM
From: long-gone	Respond to of 81023

End of Depressed Commodities Cycle Seen in Sight 11.27 a.m. ET (1627 GMT) March 23, 1999 By Martin Hayes LONDON — Analysts on Tuesday said they saw signs that the cycle of depressed commodities prices could be ending after copper hit five-week highs in the wake of strong gains in other commodities recently, notably oil. On the London Metal Exchange (LME) aluminum was at a 3-1/2-month high, nickel was at its best for 10 months, while zinc and lead were near respective six and five-month peaks. Crude oil prices were near their highest since last October. "What we are seeing is confirmation that the tide has turned," said Lawrence Eagles, analyst of brokers GNI Ltd. The fundamental picture has changed over the last month, and there is less gloom over Far Eastern economies. "That, and a very strong U.S. economy, points to a much healthier environment," he said. But the current strength in industrial metals, and some agriculturals, does not in itself signify that the good times are back. A full-blown bull market is not on the cards yet, as current price recoveries have to be put into the perspective of overshooting on the downside, Eagles said.... foxmarketwire.com