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

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










http://www.kitco.com

Energy futures

An attempt to break thru to new highs but it has been thwarted at this moment in time. In fact I wouldn't be surprised to see All Ords finish the day red. The index currently +0.1% and Consumer Staples is leading the greens, +1% and at the other end Telecom is experiencing a backlash after the recent run, -1.4%.

Big miners are treading water: BHP +0.4%, RIO +0.7% and in the golds, Newcrest is the only gainer, +1.8%.

Oils are tentatively up: Woodside +0.1% and Santos +0.5%.

Over in Asia, Nikkers starting the day down, -0.9%.

Oops, what was I saying re possible red by eod? Not so and in fact All Ords zipped up +0.6% and made a new record high! Most sectors had reasonable gains with the exceptions of IT, -0.2% and Telecom -0.8%. Consumer Staples retained the lead, +1.6%.

The resource sector was really what carried the day. BHP and RIO both closed +0.9% and the golds all moved into green territory with gains of 1% or more, quite a turnaround from the morning.

Oils also gained traction: Woodside +1.3% and Santos +0.5%.

Over in Asia, Nikkers was one of the few reds, -0.2% and Singers is leading at this stage, +0.8%.

Over to UK/Europe:







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

The relatively newly installed consersative, supposedly business friendly Canadian government has dropped a Halloween trick on the market.

Gonna break a campaign promise and tax trusts. Announced after the close Tuesday.

Canada To Tax Trusts

TSX open will be interesting to watch.

Not sure how many entities are doing business as trusts in Canada, but there's lots, including some stoolie favorites like FDG and some of the oil plays-HTE, PWI, et al

Real Estate trusts have been strong there, like many other world markets.

Loonie is down just a little right now. But it MIGHT react bigtime also.

Question is going to be, "If they broke THAT promise, what's next?"

http://video.msn.com/v/us/v.htm?g=869806B8...loween>1=8618

What's in a name?



Answer: 14%+ one day white candle for BQI.

Annual meeting yesterday. Name change from "CanWest Petroleum Corporation" to "Oil Sands Quest" was the BIG announcement.

"Oil Sands Quest" kinda rolls over the lips, Eh?

The LITTLE announcement was doubling of shares authorized. Smells like dilution and sounds like the real "quest" is going to be for cash to keep the company solvent.

Still not a bad trading stock.

Tzu-

That video "Requires Microsoft IE 6.0".

I abandoned that POS forever a couple of years ago. Running Opera and love it.

Makes IE 6.0 look so 90's, plus have I NEVER gotten a virus, worm, trojan or firewall breech of any kind since I started running Opera.

Plus, its free!

I'm watching for a pullback/lull in the hot retail sector. A few canslim.net momo retail stocks saw some selling yesterday.

WIRE and NGPS sold and from that momo list.

Opera sounds good. Where can I symphonize me some?

Just downloaded. Will check it out later. Not a great time to change something pre-market!

http://www.google.com/url?q=http://www.ope...FPDEc7tbHDr9DY=

George-

Opera?

Look for a fat lady singing.

Otherwise www.opera.com

First trade on FDG is down 6%

For those who remember my intraday Qdp calls, I’ve recently started calculating them again.

I have one today that looks quite significant at approx 13:00 E.T (+/- 30mins)

For those who are unaware, a Qdp (quantum decision pivot) may lead to a turn. However it only really helps determine a (high probability) point in time where major pivot price level gets tested.

Qdp’s normally get busted in trending moves, and as we all know the market has been trending for months now. However my last Qdp calculation nailed the Monday high (spx cash @ 1381, spx dec futs @ 1387), so this is my first signal that a top may be forming.

Good luck today!

DJ Newmont Mining 3Q EPS 44c Vs 28c>NEM
http://www.amtddj.inlumen.com/bin/djstory?...0aebqLqWmdmZodm

Citrix Authorizes Additional $300 M Stk Repurchase>CT
http://www.amtddj.inlumen.com/bin/djstory?...0aebqLqWmdmYmZK

StemCells 3Q Loss 6c/Shr Vs Nil>STEM
http://www.amtddj.inlumen.com/bin/djstory?...P0aebqLqWmdi5mJ

I wonder if this thing pulls back...

OUCH!

Question is where's support now that the whole business model has changed in 24 hours.

8% down on FDG. Looks like next stop 21.50 area. Nice support in that area.

HTE down 9%+.

Pick of the litter among the oils, I think.

GOLD testing significant pivot right here.

Good Morning!

Welcome to Intraday Stool! Thanks to aussiebear for her daily opening!

You can join the discussion by registering (PG rated user names only, please) and posting here as well. Registration is easy. Just click the Register link above, enter your email address (which you have the option to keep confidential), and enter a user name. To keep out spammers and scammers, I'll send you an email with a few Monty Python type questions. Just reply with your answers, and I'll approve your registration as soon as I receive your reply.

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Many tanks for joining us!

Doc

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CDE on the verge of breaking the downtrend.

or on the verge of continuing the downtrend?

While I know that many of you have 19" screens and larger, the majority of folks are still working on 17" monitors. You can help those of us still using 20th century technology by keeping in mind a couple of small points.

When copying and pasting links, especially long links, be careful not to put any characters whatsoever in front of the http://. The board will not recognize that it is a link if there's a symbol or letter, number or character of any kind before the http://. That means a long link will spread horizontally across the monitor sometimes several screen widths. It also will not show up as a link, just a bunch of gibberish code. Just copy and paste the link with at least one space in front of it or at the beginning of a line, as you would with any word or phrase and the board software will shorten it and convert it to a link in the post.

If you are hotlinking charts, be sure to select the smallest chart size that is readable before linking. If it is necessary to post a wide chart, download the chart to your machine, then attach it to the post. The board will create a thumbnail which when clicked will open the image in a separate window.

Finally, if you are hotlinking a graphic of any kind wider than 550 pixels, which will caus the board page to widen, just post the link rather than using the img tag, or alternatively, download the original, then attach it to your post as an attachment, as above. Remember, you can always edit your post if necessary.

By following these simple steps, it will help to avoid those situations where your fellow stoolies with smaller screens would have to scroll back and forth across the page.

Many tanks!

mondays high in gold was important, above that and the bulls have the ball.

spoos testing monday's pivot high pre-market.

Just got a email from PWI that existing Canroyals will have taxation stay the same for four years. Change is for New ones.

Owns significant interest in Oil Sands accross the border in Saskachewan from the Alberta oil sands.

interesting

1:00 - Bernanke gives the keynote address at the annual Opportunity Finance Network Conference, in Washington .

What is happening with the oil trust?
Wow!

yes, i just noticed that also!

weird.

Thank you astral for starting to post those qdp's.

PDS, HTE, FDG, ERF
All getting hit HARD..

HTE getting crushed.

My one holding PBT is acting ok so far.

New government broke an election promise. New tax scheme. New royalty trust taxed higher. Existing trusts get taxed higher in 4 years.

Got the following email

PrimeWest Energy Trust Informs Unitholders of Government of Canada Taxation Announcement

CALGARY, ALBERTA--(CCNMatthews - Nov. 1, 2006) - PrimeWest Energy Trust (TSX:PWI.UN)(TSX:PWX)(TSX:PWI.DB.A)(TSX:PWI.DB.(NYSE:PWI) (PrimeWest or the Trust) wishes to inform its unitholders of an announcement made by the Honourable Jim Flaherty, Canadian Minister of Finance late yesterday detailing proposed changes to the taxation of Canadian income trusts.

The relevant measures announced include a proposed tax on distributions paid by publicly traded income trusts and limited partnerships, and will result in less after-tax cash being available for payment to all unitholders. As an existing income trust it is important to note that these measures will not apply to PrimeWest until January 2011. Under the Government's proposal the existing tax treatment of distributions will remain in effect during the four-year grace period to 2011.

PrimeWest is a Calgary-based conventional oil and gas royalty trust that actively acquires, develops, produces and sells natural gas, crude oil and natural gas liquids for the generation of monthly cash distributions to Unitholders. Trust Units of PrimeWest are traded on the Toronto Stock Exchange (TSX) under the symbol "PWI.UN" and on the New York Stock Exchange under the symbol "PWI". Exchangeable Shares of PrimeWest Energy Inc. are listed on the TSX under the symbol "PWX". Five-year Convertible Debentures of PrimeWest trade on the TSX under the symbol "PWI.DB.A" and the Seven-year Convertible Debentures trade under the symbol "PWI.DB.B".

To learn more about PrimeWest, please visit our website at www.primewestenergy.com.

DJ Fed Accepts $8 Bln In Overnight RPs

Type of transaction: Overnight RPs
Total accepted: $8 Bln
Total submitted: $54.65 Bln

Agency Collateral Operation
Total accepted: $962 Mln
Total submitted: $13.3 Bln
Stop-Out Rate: 5.33%
Weighted Average: 5.33%
High-rate submitted: 5.33%
Low-rate submitted: 5.25%

Treasury Collateral Operation
Total accepted: $6.076 Bln
Total submitted: $30.95 Bln
Stop-Out Rate: 5.31%
Weighted Average: 5.31%
High-rate submitted: 5.32%
Low-rate submitted: 5.23%

Mortgage-Backed Collateral Operations
Total accepted: $962 Mln
Total submitted: $10.4 Bln
Stop-Out Rate: 5.34%
Weighted Average: 5.34%
High-rate submitted: 5.34%
Low-rate submitted: 5.26%

[attachmentid=71571]

SPARKS, Nev., Nov. 1 /PRNewswire-FirstCall/ -- Golden Phoenix Minerals, Inc. (OTC Bulletin Board: GPXM - News) today announced that the Bureau of Land Management (BLM) has approved the Plan of Operations for the Ashdown molybdenum and gold mine located in Humboldt County, Nevada. A Finding of No Significant Impact (FONSI) and Decision Record have been issued and signed by the BLM Winnemucca Field Manager.
Approval of the Plan of Operations makes Ashdown the first new U.S. molybdenum mine to come on line during the current commodity bull market.


Excellent news!

Wonder if the citizens of Canada are a little pissed off on their "big down day". Crash helmets on!

nice stable income trusts taken to the woodshed

It looks like the BOYZ did a job on all the Canuck oilers on open, SU down about 4% on the open.

Canadians are quasi liberal socialists.

Now lets see how they feel about skyrocketing taxes.

In the meantime, yields are getting crushed, and the utility stocks are skying once again.

Yeah, nothing like turning your computer on to see a 10% haircut in a nice
safe and stable stock. Though you could have made some nice coin on the
snapback. Got the interest payment for October which more than makes up
for it but I've had very minimal losses for quite some time and this sort of
things really bugs me.

still in XLE its looking rocky but 1030 will tell.

They may grandfather in the old ones, it is now four years to phase out old ones, a lot of time to negotiate.

The yield curve has closed the gap left from the '01 recession, caused by the first rate cut by Greenie, remember him? The only other near term target on the downside is the low from '01 at 91.5.

Put a buy order in at $24.03 on HTE.

The MM must have run every single stop on the books to get to my tiny little order.

Got filled.

Up nearly $2 bucks a share already from my entry.

Even a blind pig can get an acorn sometimes.

PBT is US compnay