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

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










http://www.kitco.com

Energy futures

It was straight into the green today but it's a quiet one. All Ords currently +0.8%, all sectors are up with Materials and Consumer Discretionary equal leaders, +1.1%. IT is up the least, +0.1%.

BHP and RIO have both rebounded today and the golds are mixed on low volume.

Likewise the oils are up but volume very light.

Over in Asia the indices are rising led by Singers +0.9%.

South Korea's Exports Have Biggest Gain in 18 Months


June 1 (Bloomberg) -- South Korea's exports advanced a more-than-expected 21.1 percent in May, the largest gain in 18 months, as companies shipped more auto parts, liquid crystal display screens, and chips to China, the U.S. and elsewhere.

Shipments rose to a record $28 billion last month from a year earlier, the Ministry of Commerce, Industry and Energy said today in a statement.

Morning all.

Interesting discussion on M-t-m last nite.

What would fuel a out-of-the-blue Dollar rally? TNX at 52.50? or at 60?

Withdrawl from Emergign Markets? Unwind of the risk trade?

http://www.google.com/search?hl=en&q=J+P+m...nG=Search&meta=



http://www.smh.com.au/news/business/goldma...8956417983.html



http://www.businessday.co.za/articles/tops...x?ID=BD4A209101

Spoon

Me think Butt wipes should consolidate around here then within 6-9 months we should see the low around 75 with the help from Goldman, Then it should see huge bounce.... Goldman got a job to turn around America. I just can’t see how bears can win.

Gold monthly

the May 2006 candle is the candle of doom for the gold bulls, at least a move to 550 region is quite likely to happen, that would mean a test of the old channel top and at the same level there is EMA 200 daily


Chart öffnen

daily


Chart öffnen

http://www.microsoft.com/genuine/about.mspx?displaylang=en

Dollar Index weekly

Dollar rally out of the blue? Could be.


Chart öffnen

Up and then sideways for the rest of the day with All Ords closing +1.1% on relatively light volume. Utilities zipped into the lead, +2.6% but all sectors closed up over a percent with the exception of Energy, +0.5%.

BHP and RIO did ok but declined from their opening prices. Golds closed down with the exception of Newmont, +1%.

Oils ended mixed: Santos +2.5% and Woodside -0.8%.

Asia all over the place ranging from China +2.4% to Sth Korea -1.7%.

Over to UK/Europe:







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

Gold is under the 639 support

[attachmentid=65001]

Matrix regaining control of the Dollah Gold correlation?

good time to buy

a lot better than when it was above 700 anyway

What happened to the iranian oil bourse?
Did it start working in May? It was going to according to the latest I have:
http://www.iranian.ws/iran_news/publish/article_15158.shtml

TNX is getting close to the top of the channel. Not exactly sure what that number would be. Trend is down.

Metals having a rough time but some nice setups on the stocks. Maybe they have a nice move coming first before the hui could top out.
*I'd like a mulligan if they got hammered from here!!

Naz looks golden right here if the M2M setup happens. Alot easier money at least and less risky than the commodity plays. Still not selling any until the charts say to.

Nikme finished 200 points off its high.

flight to safety of Utils?

I think some folks are making a big mistake buying Utils here

they should be buying CD's instead, they are safe yield

Utils are not because the principal is gonna get shanked

shlock market boners suffering from a little shrinkage in the night session

Jokes 11152 -36

Spoozer 1268.00 -4.00

NaSSty100 1576.50 -6.50

Rushty2000 720.20 -2.00

gold just cut its overnight loss in half

rally time!

DAX 15 mins

move back to the 50 fibo, now up up and away again? We weill see.


Chart öffnen


daily

well, that could be a bear flag, followed by a acapulco cliff dive which goes thru the EMA 200 like a hot knife thru butter. Or not.


Chart öffnen

RE: Gold

i would really pay a bit attention to the "Candle of Doom" of May 2006. He who beleives in Technical chart analysis and candlessticks CAN NEVER EVER go long Gold right here right now. Last months candle is a death candle. It is uglier than Lennard Nimoy, and thats really hard.

On the worst of market days (in this cycle), gold will find its support.

We haven't seen either.

Yet.

Apple weekly

bounced off the uptrendline, which is at 58.60, below that one it is.......... on the other hand it is also technically spoken a nice suport level where one can go long. Do they have more in the pipeline? The i-pod mania is over, so the stock needs new fooder to bring some "fantasy" into it.


Chart öffnen

Let's see if I've got this straight:

Martha Stewart is accused of selling some stock after her boyfriend spills the beans, thus profiting by a couple hundred thousand bucks. For her, jail time and now civil charges from the SEC.

Mario Gabelli is accused of defrauding the government of 205 MILLION DOLLARS.
For him, negotiating a fine of 100 million dollars. No criminal charges.

Justice.

Link

By the way (in reference to a post yesterday), I never had AAPL calls. I did have puts, twice, but sadly I sold near the bottom of the last downmove and didn't re-enter on the last spike up.

Congrats to the Rambus faithful -- years of suffering may finally pay off.

http://money.cnn.com/2006/06/01/technology....reut/index.htm

"The correspondence among direct competitors in the memory chip business suggest they traded information to keep prices up, the Journal said on Thursday.

Some of the e-mails also suggest a collaboration among Rambus competitors to keep prices low to discourage use of Rambus's double data rate, or DDR, technology, according to the Journal, which was given access to the e-mails by Rambus.

Rambus (Research) has filed antitrust claims in San Francisco County Superior Court against companies that have also been implicated in a Justice Department investigation into price fixing. These companies include Micron, Hynix, and Samsung."

AAPL: as far as the suggestion that AAPL needs to do something dramatic to keep the magic, they're on it. According to an ad on the same page as that article above, there's a "news" story that AAPL is going to start making some of their laptops in bright colored cases instead of bland old white.

I know gold doesn't always run contrary to USD but I'm thinking the latter will rapidly lose popularity in the not too distant future and that may be enough to precipitate gold into stardom.

In the meantime the gold chart not looking so hot, as fxfox has pointed out...

My local utility is in the process of bidding power supply requirements for 2007 and beyond.

At this time, they are seeing indications in the energy marketplace that residential and small commercial members will likely see electric bills that are 20% to 30% higher in 2007 than 2006. Larger commercial and industrial members (including primary) will likely experience bills that are between 30% and 35% higher in 2007 than in 2006.

If this is typical, then you know where we're going.

potential for a very weak employment # tomorrow may keep the bulls excited for a few more days. According to the bull playbook weak # = fed pause = mkt rips higher

Expectations are +200k, according to ADP the number of jobs created is around +120k. In the past ADP has ~0.80 correlation with BLS ober a long time frame.

one important caveat is the BLS #s are pretty much made up so they can print anything they want!

More bad news for Vonage: new Dell laptops will come with Skype's free software installed.

And GOOG is up on the "good" news that there is a lot more competition for the internet ad business. They say that means the market will expand so they'll do better.

Just like how when GM has too much inventory and has to give huge rebates to get people to buy, that's good for all the carmakers. Right?

Still too much bullishness here. Especially on gold stocks. Subscribe to the Wall Street Examiner Professional Edition Precious Metals report, and stay out of trouble. Just $39! Get in NOW for today's report to be posted shortly.

http://wallstreetexaminer.com/subscribe.php

went to buy a roll of coppper wire from HD yesterday. There was no price list. Just a giant orange sign that said:

"Price of copper wiring is subject to change hourly"

Is the peoples republic of New Jersey or some bannana republic???

dont ignore the candle of doom on Gold monthly. Thats the last time i say that.

Want to know what and when to buy, what and when to short, what the Fed's doing to affect the market? Now's your chance to get all that and more in the Wall Street Examiner Professional Edition at a great price.

Just 12 hours to go. Register and bid now!

Bid on a one-time introductory trial subscription to the Wall Street Examiner Professional Edition at eBay and get a great deal! There's an auction ending today. Now's your chance to get a really great price on an introductory 3-month trial subscription to this indispensible source of information and data you can't get anywhere else! Bid now on today's auction!

Whatamibid? Whatamibid? How about you sir?

Bid here, RIGHT NOW!

If you subscribe to any of the WSE's new, unbundled subscription packages today, I will include the Precious Metals service absolutely FREE!

Join RIGHT NOW! and Join RIGHT NOW, and I will add the Precious Metals service to your subscription within moments!

Answer: YES

Gold bitch slapped, spoon positive, stronga dollah: it's all good.

Copper limit down, trading halted on NYMEX.

Let's all go to the HD and stock up...

The daily margin req jack is finally working.

Time for China to close its shorts?

This should make for some interesting watching today....

Physics can be fun..and profitable too! Look at gravity work!

Gold marble rolls off the cliff...copper starting to plunge as well...silver gettin' demolished..

Knife catchers could get bloodied for a bit longer before we find a solid bottom.

you will see Gold at 550/560 soon.

Didn't somebody around here hint at this possibility just a few short hours ago?

I luv it when a plan comes together!

Exited some minor gold positions (CEF, IAG) and QQQQs. Not too bad on them as I just did a market sell at the open and apparently there were a bunch
of buyers around (probably buy at market orders placed last night). Dumped the QQQQs as well. Only thing that hurt was dropping PVX.

My trading account has been in a $3K trading range since the "crash" and I haven't been able to make progress there. Interest for the month should show up today or tomorrow which should help. I'm only playing with fairly small money in the account as well. I may take another stab at CEF later today or just bag it for a few weeks. I noticed Doc's port and generally concur with the stance right now.

Sign (literally) of a massive top?

I think you're 150% correct my friend. I have no doubts that the 200DMA is going to be tested. By then, the tree will have been shaken so hard that the only folks buying will be..............

If the gold kooks get their "buy back later at lower prices" opportunity it might be the end of the gold run, with the kind of luck they have.

xactly!!!

HD speculating on copper instead moving inventory. Where is the shine boy?

Yeah, knife catching the metals is definitely a bad risk right now. I finally lightened up on some of my earlier, ill-timed trades this morning. Out at a bit of a loss, but it's better than letting the profits from earlier in the year slip way.

The PTB are determined to show that they will save the doolar right now, it's best to stand back and watch.

Hanky's job is to create enough wiggle room between a rock and a hard place for a soft landing airstrip. It ain't gonna happen...

Pretty uglee H/S pattern on the hourlies in DBC (the commode etf that tracks CRB). Broke the neckline this morning and looks like it could be a straight shot down to 23.25-23.50 (about a 7% plungeroo).

For commode fans, might be worth letting this play out before jumping into the fire.

Commode selloff goes along with the "global slowdown" meme that is taking emerging markets and other "stuff"-related stocks/sectors down to Chinatown.

$16B repo blast this morning. Don't have the net number though. AAPL recovering from the dip.