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Risk Metrics Suggest Correction Not Sentiment Shift

From imarketnews.com

Risk metrics this week suggest additional paring back of positions in select instruments are part of a correction rather than a new trend of overall risk aversion, analysts said. Commodity and energy prices, while attempting to rebound Thursday, have moved sharply lower over in recent sessions, but speculative froth in many instruments was deemed the driver there. In contrast, global equities and emerging market currencies have seen more moderate losses in comparison. At the two-and-a-half month lows of $32.38 an ounce, spot silver, where larger speculative punts were purportedly held, was down a whopping 34.6% from ... (full story)

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