IDS World Markets Thurs 4th February 10

[aussiebear]

 

 

Sign found at Norbulinka (summer palace) in Lhasa, Tibet. (In Chinese and Tibetan the warning says “beware of dog”)

[aussiebear]

 

 

 

 

 

 

 

 

 

http://finance.yahoo.com/intlindices?e=asia

[aussiebear]

 

 

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

 

 

 

 

 

 

 

http://www.kitco.com

 

 

 

http://www.kitconet.com/webcharts/base_metals.html

 

Energy futures

[aussiebear]

 

 

Sinking slowly into the mire. All Ords -0.5% with Gold -1.7% and Miners/IT -1.2%. Telecomms leading the greens, +1%.

[I_Am_Madness]

This thing might get resolve overnight.

[aussiebear]

 

 

A pullback today, not necessarily bearish. All Ords -0.6% with Miners/Materials in the downside lead, -1.5% followed by Gold -1.3%. At the green end, Telecomms +1.4%, Utilities +1% and Consumer Staples +0.8%.

 

Asia limping downwards: China -0.6%, Honkers -1.6%, India -0.7% and Nikkers -0.9%.

 

 

On to UK/Europe:

 

Footsie

 

 

 

DAX

 

 

 

CAC 40

 

[aussiebear]

Australian Retail Sales Unexpectedly Decline 0.7%

 

Feb. 4 (Bloomberg) -- Australian retail sales unexpectedly fell in December for the first time in five months as households, reeling from a record three interest-rate increases, cut spending at department stores and supermarkets.

 

Sales declined 0.7 percent from November, when they gained a revised 1.5 percent, the Bureau of Statistics said in Sydney today. The median forecast of 20 economists surveyed by Bloomberg News was for a 0.2 percent gain.

[aussiebear]

New Zealand Jobless Rate Rises to 10-Year-High 7.3%

 

Feb. 4 (Bloomberg) -- New Zealand’s unemployment soared to the highest level in more than 10 years as a surge of immigrants failed to find jobs. The currency fell as traders bet the central bank will have to delay a planned mid-year rate increase.

 

The jobless rate rose to 7.3 percent in the fourth quarter from 6.5 percent in the previous three months, Statistics New Zealand said in Wellington today. The median of 10 estimates in a Bloomberg News survey of economists was for 6.8 percent.

[joe3pack]

picked up a wee bit of DZZ before the close yesterday. tank, gold, tank!

[joe3pack]

interesting piece on SLV's attraction to the $16 level and the spanking of SLV's chicken mofo:

 

http://www.safehaven.com/article-15698.htm

 

If you study the money flow indicator you will notice that I have drawn two blue arrows that show where money flow dropped below the zero line. The first time this happened silver dropped from 19 dollars to 8.50 and the major break took place at the 16 dollar area AND RIGHT AFTER SILVER FELL BELOW ITS BLUE AND RED MOVING AVERAGES. Now let's fast forward to today. Notice how we have achieved another penetration of the zero line. In fact if we look at money flow we can see that it has been dropping for quite a while now. Look how the same divergence was in place right before the 2008 crash.

[shorty]

looks like the latest falsehope bernce is over

 

I'll be servin' up ice-cold Kool-Aid and plenty O' red-hot luvin' behind the woodshed turday fer all duped CrAApl dippers and fraudex reamcovery dreamers

 

line 'em up single file, arse barkwards

[joe3pack]

looks like the latest falsehope bernce is over

 

I'll be servin' up ice-cold Kool-Aid and plenty O' red-hot luvin' behind the woodshed turday fer all duped CrAApl dippers and fraudex reamcovery dreamers

 

line 'em up single file, arse barkwards

[swordfish]

just closed most of my shorts (picked up yesterday and the the before) at 200 sma on hour chart (sp500 fut).

[fxfox]

Deutsche Bank beats estimates BY FAR , but DAX sells off (as S&P Fut does). When a market doesnt react postive to positive news...

[shorty]

COEUR D'ALENE, Idaho, Feb 03, 2010 (BUSINESS WIRE) -- Coeur d'Alene Mines Corporation (CDE) (CDM) (ASX:CXC) today announced the discovery of a new high-grade vein system at its Kensington Gold Mine, which is scheduled to commence production in the third quarter of 2010 at the rate of approximately 120,000 ounces of gold annually.