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

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










http://www.kitco.com

Energy futures

A small pullback today, not surprising after yesterday's gains. All Ords currently -0.1% and looking like it may close green eod. Very little movement in the sectors: Consumer Staples leading, +0.6% and Telecom is at the other end, -0.6%.

In the miners, BHP down slightly, -0.3% and RIO -1.1%. The golds, however, are picking up speed as the gold price holds its own. Lihir -1.3%, Newmont +1.5% and Newcrest +0.2%.

The oils are mixed with Woodside down and Santos up.

Asia down slightly........

Japan's Industrial Output Rises as Jobless Stays at 7-Year Low

May 30 (Bloomberg) -- Japan's industrial production rose in April and unemployment stayed at a seven-year low as manufacturers expanded automobile and electronics factories.

Industrial production climbed a seasonally adjusted 1.5 percent from March, the trade ministry said in a report in Tokyo today. The jobless rate was unchanged at 4.1 percent for a third month and a ratio showing how many positions were available to a job seeker returned to a 13-year high, separate ministries said.

Australian Dollar Rises; Retail Sales Gain More Than Expected

May 30 (Bloomberg) -- The Australian dollar strengthened after a government report showed retail sales rose the most in almost a year, raising speculation the central bank will add to this month's interest-rate increase.

The currency climbed after retail sales rose almost five times what economists expected in April. The Reserve Bank of Australia raised its overnight cash rate target to 5.75 percent on May 3 to damp consumer spending, which accounts for about 60 percent of the economy, and slow inflation.

--------------

Clouds hang over housing

THE sale of new homes across Australia tumbled in April even before interest rates rose to a five-year high in early May, a survey has revealed.

The Housing Industry Association's (HIA) New Home Sales figures released today show that the sale of new homes and units among Australia's largest builders and developers fell by 6.5 per cent in April to 9455 dwellings.

Sales of new houses dropped by 6.9 per cent while the sale of multi-unit dwellings fell by 3.8 per cent.

Hmmm looking like a consolidation at the highs for the past couple of days so maybe a blast north tomorrow. All Ords poked briefly into the green but ended -0.1% and the sectors diverged somewhat. Property Trusts finished at the top, +0.8% and Telecom at the bottom, -1.1%.

The miners waffled around and BHP and RIO remained in the red although not by much. Golds slipped a touch with only Newmont +0.7% finishing green.

Oils looked reasonable with Santos +1.2% and Woodside did a surge into close, +0.2%.

Asia mixed ranging from India +0.8% to Sth Korea -0.9%.

Over to UK/Europe:







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

http://bigcharts.marketwatch.com/charts/bi...=314&mocktick=1


Doom and Glooms guys may have it right or nothing else has changed, spoon is suffering from little bump on its head

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The End, Did you see the news?

You DO NOT have to buy the Vonage ipo at 17. Deal by Vonage over the weekend. They decided not to make ipo customers do it. They must be concerned of losing customers. This is an amazing move by them as they will buy the stock themselves.

Nothing on the wires to that effect. Do you have a link?

Looked everywhere, including the company's website press releases. Nothing about it.

It was on Crapvision.

Something to the effect of Vonage not expecting their customers to have to pay for this considering they personally called their customers and asked them to invest. They mentioned 13% of shares being sold this way and that it wasn't normal. They then went on to mention that if the customers did not want the shares, they would buy them instead.

This was mentioned by Joe and the boys on Crapvision and the horrible start to the IPO. They thought it was not right for them to do this. It is a VERY bold move of Vonage though. I respect it.
Perhaps its a rare example of good morals but most likely a move to keep all their customers from quitting the service. I would assume the article should be out shortly. The decision was made this weekend.

Check out XLE getting a bid! Nice start on my PEIX. Just goes to show the value of the pre-market on these gambles. Probably gets round tripped.

Vonage info coming up next on Crapvision.

"Hanging Up on Vonage"

13.5% sold to customers.
Over the weekend, customers were refusing to pay up for the stock. They considered sueing them or sticking underwriters.
Late Sunday...while all avenues are available to us, we do not expect to alienate them and will buy back shares that they will not pay up for.

SEC may get involved. Messiest IPO in a long time. They say alot of people have payed already. Get ready for the lawsuits to start flying.
9000 signed up. About 2000 have paid.
question. Can they say to their clients they have to pay but make the others not involved in the IPO to pay. All kinds of things brewing up.

Solution seems to be...short this pos!!

Excuse the messy writing. I was trying to cram the info in their as they spoke.

Now they are talking about the fair value of this company being around 11.50 and asking why it was priced at 17!
What great entertainment this will be! Ready for this thing to blow up in brokers faces for pricing it so high.

I added a reply to the M2M board regarding college. Didn't want to post it on the Intraday board.

GM downgraded to "sell" at Deutsche Bank

SUNW upgraded to "buy" at UBS

in't that sumpthin'?

I promise I had no inside information...

What a specatacle.

Saw it mmoy, thanks.
Peek, it would fit good with a retrace from the 13dmas I would assume. It is what I am hoping for before another up move could possibly happen.

Check out PAAS getting a good start!
My medved quotetracker just went down thru ameritrade and I forgot the password....crap! Now the 30 minute phone call in progress.

GS down 1%. Possible short?

Wyndy, magic being performed on SIRI. Up 4%!! Any clue where you will take some profits?
JBLU anyone?
Looks like energy will be the play of the day. I am considering diving out of SMH and SWH and buying XLE and OIH.

PigMen ™ taking control at the Treasury:



http://biz.yahoo.com/ap/060530/white_house...ke_up.html?.v=4

crude futures up more than a buck, but that might not hold by the close

With Paulson at the Treasury now, the Buy-Sell-Middleman trifecta is complete. All product, i.e. debt, will find a buyer.

After all, the "integrity" of the USD is at stake.

Also: A good link on options activity in miners ahead of the Peruvian election

Mine Over Matter

I've got an itchy finger on SIL, but I'd like to see a new 4 year low before jumping...

Nads100 futures can't hold 1600

I think they'll be able to hold 1400

Wow, look at all those downticks on gold but it's making a break for it anyway




www.kitco.com

I love the smell of GM common stock burnin' in the mornin'

zero means zero

Always have a backup quote feed. And if you're as paranoid as me, a backup for the
backup.

GG and NEM getting hit intrday along with PAAS from the highs. The drag from the markets is hitting some of the commodity stocks. CWPC up strong. CEF is nice too. I bought some stuff premarket but it's hard to buy in quantity premarket. Still mostly cash
in the long-term port except for Berkshire and RRPIX.

Me as well but holding off others waiting to see what happens.

Outside of shorty, all the bears have once again disappeared.


hmmmmm

J6P 24hr Crisis Helpline 1-800-FIDELITY

Down Jokes 100-point SccchhhhPankin' in first half-hour.

I'm not worried about the free-fall in the dollar.

A couple full-point rate jacks will take care of that.

Except his HYGS which is up 5%!

My EP getting a bid this morning.
CAU as well!

Added PMs and Energy to long-term port. Down to 80% cash (it's a big account).

I'm short TOL.


But long DIA. Uh-oh. Got lots of NXG premarket. IAG, NEM and PAAS too. So account is happy. For now anyways. Where are those repos?

hop on board that EOM Big Rally for some Easy Money

Jokes 11196 -106
Spoozer 1271.50 -8.50
Nashty 1590.50 -15.75
Rushty 721.70 -8.60

Nahh, I just slept in a bit
Expecting the re-test at 1250 or so. Then it's off to the races until the next Fed meeting.

Great moves. Im selling some tech plays on any bounce, they are trading terrible. Glad I sold a lot friday.

Aug Gold 666 +8.60

It sure does line up well with them tagging 13dmas and no crossovers..

Hope people bought physical silver at 12.15!!

waiting for a pullback to add more to miners.

Can't figure if I should sell SIRI trade. Will at least sell half since up nice from start last week.

CNXT moving down nicely to test the 200dama at about $2.65.
Should line up nicely with another day or so of weakness in the NAZ. As FEED likes to say, let's see how it plays out.

The trick is to load up on the way down....



*( OK, I'm just kidding about that........ sorta )

After the shanking the miners took, if they get running here today, there could be quite a ride ahead.

Still have only 1/2 position in SUNW. If I can get another down draft to the 200dma at about $4.30 I'll add the other 1/2.
Thanks SHORTY!

Fed did an $11.75 billion net add, to cushion the blow of the $22 billion CMB. But the CMB doesn't settle till Friday and the repo was an overnight.

World's favorite bagholders, the euro-pee-ons, are taking some in. $800m out of India in last 2 days, $2.5b in 2 weeks. $4b from middle east in the last 3 weeks.

Us #s wont be released for a few days. Its pretty clear bonds & equities are being liquidated.

B wave came right on schedule...just covered Friday's short entry on the runoff a few minutes ago...gonna watch fur a bit and see how it sets up here..