http://quote.yahoo.com/m2?u

http://money.cnn.com/markets/morning_call/










http://www.kitco.com

Energy futures

Not a lot happening today. All Ords -0.2% while sectors wallow around, going nowhere. Consumer Staples is the highest, +0.6% and IT is down the most, -1.4%.

In the miners, BHP and RIO down but the golds up although the latter showing less than 1% gains.

Oils are down on low volume.

Generally up in Asia..

Mexico 1st-Qtr GDP Grew at Fastest Pace in 5 Years


April 26 (Bloomberg) -- Mexico's economy grew at the fastest pace in five years in the first quarter as exports surged and domestic demand picked up, the central bank's chief economist said. More working days in the period compared with a year ago helped boost the growth figure, he said.

The rate of economic growth quickened to 5.2 percent in the first quarter from 2.7 percent in the fourth, the central bank said today in its quarterly inflation report.

Australian Dollar Gains as Expectations of Rate Increase Mount

April 27 (Bloomberg) -- The Australian dollar rose to a three- month high and bonds fell on mounting expectations mount the central bank may increase interest rates for the first time in more than a year as soon as next week.

The currency bought 75.37 U.S. cents at 11:34 a.m. in Sydney, up from 74.57 cents in Asian trading late yesterday. It has climbed 7.4 percent from a low of 70.16 cents on March 29, and is the best- performing of 17 major currencies this month tracked by Bloomberg. The yield on 10-year government bonds rose to 5.72 percent, the highest in more than a year.

Uranium price tipped to reach $100/lb

[miningmx.com] -- NEARLY two billion people don’t have access to electricity. In fact, roughly half of Africa’s fuel requirements are satisfied by biomass (burning wood). But that’s going to change, according to the World Nuclear Association (WNA).
The WNA forecasts a 40% jump in worldwide electricity demand over the next five years, with some of the increase stemming from China and India. It believes nuclear power could reduce the strain on fossil fuels, estimated to have a life of about 300 years, to bridge that gap. Though estimates vary, planned new nuclear facilities range between 30 to more than 150 before 2050.

That’s one reason the price of uranium oxide, crucial in the production of nuclear power, has shot through the roof. From about $10/lb several years ago, uranium oxide now costs about $38/lb. Sprott Asset Management says that the price could increase well in excess of $100/lb, according to an interview with StockInterview.com, an Internet publication

Boner time...

Irritated that they let the PigMen™ sucker them into LSS too early, CWD and Drano fight back! Hasta la vista, 990N baby!

But CWD and Drano may not feel so perky tomorrow when LSS gaps down and they take a close look at their trading accounts.

Dr. Takachi says, "Take two positions of TRE and don't call me in the morning," as the emergency room crew attempts to revive Drano from today's LSS adventure.

Drano: You have no hopes whatsoever for a rebound in LSS?

Quite a drop off into close which doesn't show up on the 5-day chart being as we actually close at 4.15 pm not 4 pm (you listening Yahoo?). All Ords finished -0.5% and it looks like it might be setting up for another leetle fall tomorrow but we'll see. A fairly gloomy day all round with Materials and IT in equal last place, -1.5%. Telecom, one of the few green sectors, appears to be attempting an uptrend, +1%.

All the gold producers up to some degree but BHP and RIO took hits, both down around 2%. Not much action in the specs, marking time basically.

The Energy sector closed -1% thanks to Woodside and Caltex. Juniors finished flat to down.

Over in Asia, Honkers and India both up and about, +0.9% with the others showing lesser gains.

And on to UK/Europe:







http://quote.yahoo.com/m2?u

Futures are . . . DOWN!

Why, that's . . . not right!

What's going on?

I demand that somebody fix it!

Doc: Is this gonna be one of those "Nobody will notice the first 100 points of decline?"

Just a few hours to go. Get your bids in now!

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Whatamibid? Whatamibid? How about you sir? Yes you in the bear suit with the brown pants! Don't miss this great opportunity.

Bid HERE RIGHT NOW!

WTF knows! This has been one of the most difficult environments I have ever seen. (with the exception of the metals).

The media are blaming it on China's central bank raising interest rates.

Au contraire. I'll be buying with both hands whenever it starts up again. Read last nights Mark2Market post #36. CWD listened to the conference call. p/e of 7, paying down debt, hundreds of millions of cash, and a good business.....

I was just kidding when I posted all the pictures.

Nobody home?

XOM down premarket. Missed by .10. They expected record profits again but they were "only" 1.37 a share, instead of 1.47.

Also went over the CC. Pile of cash, responsible management and booming sector... Sounds pretty good.


Copper Down 6%

Betty, get the lifeboats ready... were jumping ship!

http://finance.yahoo.com/q/it?s=PEIX

This is the second day in a row that the copper price on Kitco has dropped big in asia/eurp trading...



Supply numbers aren't showing any improvement, but it's time to be ready for anything here..

EDIT: Great minds, eh Nimbler?

b*****d TOL is down 1.80

then again so is LSS. !.40 anyway. Looks like 50 or 47 really is going to be in the picture.

CTX= GAME OVER


Told y'all this day was a comin'....that MTH action was a gift yesterday...

Stay levered short the the homies for the next 18 months and you should make some very good coin...

What does any of that have to do with it's stock price?

K Wave, were have you been dude. Missed you.

Wow! Unemployment claims rise to their highest level since March and interest rates are still up.

What happened to the day when rising unemployment claims was a guarantee that interest rates would fall?

The pressure on rates is intensive.

A- OK

bull mania has taken over here ///glad to hear some Bearish words

That ought to quite the politicians. It's not our fault gas prices are high

The weather has finally turned up here in the Great NW...been out on the links and tendin' to my garden...

ANDE is 30+ points above 15 min support....could be a vicious correction comin' soon..

WTF just happened?

I bought another thou @52.85, looks like a wide bid ask spread. on the fills. It will probably be until tomorrow before they turn in , probably close below 200 ema which is about a dollar lower. It is still tracking OIH which appears to have bottomed . I also bought a little OIH for another account.
Where is KWAVE< when we need him?

Two "WTFs" this morning already???

*looks for a bomb shelter*

How can you follow property growth in MExico? The surge is going wild in other parts of S. America...Will parts of Mexico be next and why not? It seemed to work well for Donald Trump...seems a comparable situation...maybe not a topic for here but for some other time....thinking out 30 years from now for retirement....

VLCCF down $ 1.34

Added MORE SIL this morning at 20.90...
Pigmen...

Early read on Big Ben remarks are that FED may skip a rate hike or two. Markets are up off of lows.

Gold market coming back hard now

CHK getting early morning smackdown...

Natgas report in 14 minutes. CHK is recovering from lows.

Why would you want to be leveraged short the homebuilders when Nat gas is on a concrete floor for the 62% retracement...I know you have done great etc. but 100% gain vs. 500% gain in many metals, nat gas plays, Uranium etc. are set up as they are...
I obvoiusly dont know what your portfolio allocation is but it seems more focused on housing than anything else......it seems your risk/reward factors are sector allocation are in a higher risk for lower reward category whther you are wrong or right.... I also understand you are a great trader etc. so not talking about your ability to time or anything to that nature....I just dont understand as you have mentioned the next 18 months...

starting to see some GREENs on the screen. Hope is not visual hallucination!
CRED down $ 1.48
LRT up another 14 Cents

From MarketWatch:

Bernanke: Rate hike pause wouldn't signal the end

Ben is becoming a verbal activist.

To me, this is proof that the Fed has no concern for inflation and there real fear is DEFLATION.

Gasoline at $3/gal, gold above $600, etc., etc. and he is gonna fire up the printing presses???

They are scared to death of the real estate bubble popping!

It doesn't matter, he can pause all he wants, it's not gonna help IMO.

The "reason" for the pop.

http://www.bloomberg.com/apps/news?pid=100...=top_world_news

I went looking for a picture of Helicopters Launching. Found a board that makes us look like a bunch of old ladies...

Make sure you notice the 'copter pic...

The Fed is still playing the charade to make people think that it "controls" interest rates.

It doesn't.

ben dover bernanke gives it to the bears! upside down finger!

Show indexes green as grass, yet NYSE A/D is still 3-1 neg and Nazz A/D 3-2 neg. Don't see that every day. Must be tons o' futures buying to prop.

Expected a low today or tomorrow for trad first week of May bonerama. First day of month usually quite bullish for Dow, none more so than May. Dow is up more on first day of May historically than any other month...and not by a small margin. So be on the lookout if we go lower into tomorrow.

Still short RUT from the top, looking for a nearterm bottom at either 754 or 749. Got to 755 this morning. May see a minor new low with accompanying pos div on the s/t charts to set up an upside fling next week.

Don't forget the big gaps still remaining from last weeks boner: RUT 749-754, SPX 1285-1291. Maybe those get filled prior to a legit upside attempt.

For those following the 1932-1937 template (as some seem to be doing), the market made a significant low on the last day of Apr 1936 before a big rally. We could be seeing an echo here.

FDG may have finally nipple bottomed ....

If I am not mistaken they can control the interest rates but can’t dictate the price of butt wipes, if there is outside support for Butt wipes then it can standstill while interest rates head south.

If anyone is using copper then they know Weimar run has already arrived.

PLXS reports after the close.
A nice haircut is on the way.