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21.07 2011 09:40:20

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Golden staircase without railing

by Sergey Glushkov

Trends on commodity markets are determined by pessimism over the prospects of the global economy. This means that gold is extending its growth, while oil is passing time. My hope that the positive outcome of European bank stress tests would lift market sentiment has not yet materialized. The market has taken a skeptical view of the results, evidently doubting their objectivity.

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