GLEN - LSE with a new record. Hope for the commodity markets.

Two days before the shares of one of the largest suppliers in the world of non-ferrous and rare metals, Swiss GLENCORE PLC (GLEN -
LSE) fell to 68.62 GBP (with -29.42%). Currently GLEN has impressive growth. For one daynote bulls attack more than 17%. LSE - Today High Price = 91.23 GBP, in Volume (up to this moment) = 114,666,702.Due to the high ratio of debt load ($ 30 billion compared to current market value of about $ 16 billion) the company is likely to lose its current investment grade. The last two trading sessions were characterized with very high volumes, most likely related to the closing of long positions, as such volume is not there by 2011.

It is possible however, reached the crucial point of the downward movement. Head management speaks for unused lines of credit for $ 10.5 billion, which will neutralize any change to investment grade, the more that the cost of servicing the debt will change slightly - by no more than $ 5 million per year.

Broadly speaking, recent analysis determined the situation on the commodity markets, not so hopeless, fears of the Chinese economy as exaggerated and emerging markets consensus expected a technical correction.