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sweet
yes sir
L2 .21 x .22 15.8K vol
CVAT .21 x .22 15.8K vol
sweet... how was ya weekend
Good Morning and Happy Monday TOC Squad!!!
How are we all doing this fine Monday Morning... Mkt's ip will ya look at that lol... Sweet!!!
looking for MDGC to bust loose here
be on in a few seconds guys... busy busy busy over here lol
still cant get in bangkok yet
10-4 bruddaman
doing well brudda... miss ya around here
added to radar... thanks bud
Hey KingV... Peep this
http://abclocal.go.com/wls/video?id=7230564
i dunno yet... lol... heading to gym, now... be back about 530
i think so too... gonna be a nice weekend to wrap up a rough week and start a nice run into next week bro
CVAT .225 x .23 64.4K vol
i dunno why but it wont let me in
L2 .225 x .23 last trade .229 52.4K vol
in a red mkt -177
holdibng its own imo
last three days stocks have taken a beaten. The Dow Jones, Nasdaq, S&P 500 have all been trading deep into the red. CVAT is holding support nicely considering the circumstances of this red market we are seeing over the last few days.
CVAT seems to have found some nice support at .225 once the market reverses this downward trend that im thinking CVAT will reverse with it.
last three days stocks have taken a beaten. The Dow Jones, Nasdaq, S&P 500 have all been trading deep into the red. CVAT is holding support nicely considering the circumstances of this red market we are seeing over the last few days.
CVAT seems to have found some nice support at .225 once the market reverses this downward trend that im thinking CVAT will reverse with it.
i still needa get a passport
best board bro... hands down
slow day... hoping it wakes up soon
LMFAOOOOOO!!!!!!!!!!!!!!!!
LVL 380!!!
will the real tarantula please stand up
sweet... whats setting up nice for next week?
hows ya day going rev?
L2 .023 x .029 up .0055 604K vol
L2 .225 x .245 1x1 46K vol
L2 .009 x .01 1x2 640K vol
Lunch Break... be back around 115ish... hoping we see a strong EOD run on a few here... lets get it rollin
Research and Markets: As Reported In the Economic Times in September 2009, the Indian Government May Be Increasing the Maximum Area Permissible For Iron-Ore Mining
Buzz up! 0 Print..Press Release Source: Research and Markets On Friday January 22, 2010, 11:54 am
DUBLIN--(BUSINESS WIRE)--Research and Markets(http://www.researchandmarkets.com/research/0139cd/india_mining_repor) has announced the addition of the "India Mining Report Q1 2010" report to their offering.
The Indonesia Mining Report provides industry professionals and strategists, corporate analysts, mining associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Indonesia's mining industry.
As India's economy continues to grow, its electricity demands are expanding and consequently the country continues to look for ways to satisfy its energy requirements. State-owned companies such as Steel Authority of India (SAIL) and Coal India (CIL) are being put forward for disinvestment as both require capital injections to fund expansion plans, and with India's current budget deficit, this cannot come from the government. CIL is actively seeking overseas mine acquisitions as well as joint ventures and equity partnerships to secure stable long-term coal supplies. The country is also eager to grow its uranium market as an answer to energy demands; India is looking to build significant partnerships with countries such as Canada and Australia to help them develop their uranium industries. In August 2009 the Australian government said it would consider supplying uranium to India for joint venture purposes - the country currently has a no-supply policy for any country that has not signed the Nuclear Non-proliferation Treaty.
As reported in the Economic Times in September 2009, the Indian government may be increasing the maximum area permissible for iron-ore mining as a means to enable a better supply of raw materials for domestic steel companies. Currently, the maximum area permitted is 25km2 and it is proposed that this be increased to 100km2. Many mining companies find the current area limit restrictive, acting as a hindrance to production and investment opportunities. Should the legislation pass, it would be included in the current Mines and Minerals (Scientific Development and Regulation) or MMDR bill. The decision to increase the maximum area comes as many governmental and non-governmental organisations suggest that the current surplus of iron ore production could become a deficit unless reserves are identified and preserved for future exploitation.
Meanwhile, the Indian government is keen to reform the coal mining sector and open it up to private firms to boost domestic production and attract investment into the industry. In August 2009 Coal Minister Sriprakash Jaiswal said that India would begin auctioning off coal blocks for exploitation in 2010. Despite having 10% of the world's coal reserves, economic growth is accelerating power demand, with imports of coal forecast to reach 211mn tonnes by 2011/12. Currently, 201 blocks with reserves of 45bn tonnes have been set aside for mining, with 97 blocks with an estimated 27mn tonnes of reserves being allocated to government firms, and the rest allocated to private companies. Out of the 201 blocks allocated, only 25 have begun production, and the government is hoping that the auctioning of the blocks will spur more production.
In October 2009, UK-based mining firm Vedanta faced public condemnation from the British government for its treatment of the Dongria Kondh tribe residing in the Orissa area where the company intends to begin production of a bauxite and alumina mine. In addition to concerns about devastation to the eco-system in the area, the company has been accused of disregarding the needs and wishes of the indigenous tribe. The proposed mining area provides the people with food as well as their religion - the Dongria Kondh tribe view the hills as being sacred. After a nine-month investigation, the British government ruled that the company had not 'put in place an adequate and timely consultation mechanism' and concluded that 'A change in the company's behaviour' is 'essential'. The case against Vedanta seems to be growing and attracting more high-profile figures such as Bianca Jagger and Booker Prize winner Arundhati Roy, who are lending their names to the cause.
In 2009, the Indian mining industry is expected to contract by 2.0% as the global economic crisis impacts on exports in key sectors such as iron ore, bauxite and copper. The market should return to strength in 2010, and by 2014 the author forecasts that the mining industry will reach a total value of US$60.27, approximately 2.22% of GDP, after growing at an average rate of 8% per year in real terms.
Key Topics Covered:
•Executive Summary
•SWOT Analysis
•Special Focus: Outlook For Global Mining
•Table: Biggest Chinese Acquisitions In Australia Since 2005
•Industry Trends And Developments
•Market Overview
•Regulatory Structure
•Key Projects
•Mining Business Environment
•Regional Overview - Asia Pacific
•Political Environment
•Industry Forecast Scenario
•Metal Prices Outlook
•Aluminium To Average US$1,700/Tonne In 2009
•Table: BMI Aluminium Forecast
•Table: Aluminium
•Copper To Average US$4,800/Tonne In 2009
•Table: BMI Copper Forecast
•Table: Copper
•Commodities Forecast - Gold To Average US$920.00/oz In 2009
•Table: BMI Gold Forecast
•Global Industry Overview
•Regional Analysis
•India - Mining Industry Forecast
•Table: Mining Industry Indicators 2004-2014
•Competitive Landscape
•Table: India Mining - Key Players
•Company Monitor
•Appendices
Companies Mentioned:
•Coal India (CIL)
•Hindustan Copper (HCL)
•National Mineral Development Corp (NMDC)
•Vedanta Resources
For more information visit http://www.researchandmarkets.com/research/0139cd/india_mining_repor
Research and Markets: Mongolia Mining Report Q1 2010 - Mining Output to Increase Significantly From 2010 Onwards, Due To the Passing of Mining Investment Legislation
Buzz up! 0 Print..Press Release Source: Research and Markets On Friday January 22, 2010, 11:53 am
DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/95a3e4/mongolia_mining_re) has announced the addition of the "Mongolia Mining Report Q1 2010" report to their offering.
The Mongolia Mining Report provides industry professionals and strategists, corporate analysts, mining associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Mongolia's mining industry.
Significant changes made recently to the Mineral Law (1997), in particular the repealing of the 68% windfall tax, have opened up the market for foreign investment in Mongolia. The windfall tax initially allowed the government to take advantage of high copper and gold prices, however this resulted in only a short-term gain as it deterred and delayed valuable investment projects like the Oyu Tolgoi copper/gold project. The current government concedes that Mongolia has to appeal to foreign investors as it is unable to invest independently into domestic mining projects and will benefit from the new technology and expertise that outside investors bring.
An agreement finally brought a resolution in October 2009 to the ongoing negotiations between Ivanhoe Mines, Rio Tinto and the Mongolian government with regards to the drilling rights of the Oyu Tolgoi copper-gold mine. With the repealed windfall tax both sides were able to agree on mutually beneficial terms including a 34% equity stake for the government in the project. The move by the government to approve the project is likely to make Mongolia more attractive to investors who will bring with them technology and expertise to accelerate the growth of this sector. In September 2009 Marketwire reported that Canada-based Kahn Resources had been encouraged by the progress made on the Oyu Tolgoi project and was eager to discuss its own investment agreement with the Mongolian government to develop its Dornod Uranium Project - showing that the country already was benefiting from its more open investment environment.
The author expects mining output to increase significantly from 2010 onwards, due to the passing of mining investment legislation regarding the Oyu Tolgoi copper/gold project. This will, in turn, pave the way for an agreement on the Tavan Tolgoi deposit, which also has numerous investors lined up and is considered to have the largest untapped reserves of coking coal in the world. The author anticipates that the mining industry will contract by almost 50% in 2009 but return with strong growth of 26% and 18% in 2011 and 2012 respectively.
However, on October 26 2009, Mongolian Prime Minister Bayar Sanjaa announced that he would be resigning from his post due to health reasons. The development introduces a degree of political instability to the country which seemed to be just finding its feet with regard to its relationship to the mining industry. The government has struggled to find a balance between passing on the profits from its rich resources to impoverished citizens without deterring essential foreign investment into the country. Since the presidential election of Elbegdorj Tsakhia of the opposition Mongolian Democratic Party in May 2009, Mongolia has effectively been operating under a coalition government. Whilst the government appears to be working well and in favour of the mining sector, the resignation of Bayar Sanjaa will cause many to wait cautiously to see how relationships progress and are affected by his resignation.
Key Topics Covered:
•Executive Summary
•SWOT Analysis
•Global Mining Outlook
•Table: Biggest Chinese Acquisitions In Australia Since 2005
•Industry Trends And Developments
•Overview
•Regulatory Structure
•Recent Developments
•Key Projects
•Metals
•Gold
•Copper
•Minerals
•Fluorspar
•Coal
•Mining Business Environment
•Regional Overview - Asia Pacific
•Global Industry Overview
•Regional Analysis
•Mongolia's Mining Industry Forecast
•Table: Mongolia Mining Industry Data And Forecast, 2006-2014
•Competitive Landscape
•Company Monitor
•Appendices
Companies Mentioned:
•Centerra Gold Inc
•Erdene Gold Inc
•Ivanhoe Mines
•Solomon Resources Limited
•SouthGobi Energy Resources Ltd
For more information visit http://www.researchandmarkets.com/research/95a3e4/mongolia_mining_re
Contact:
Research and MarketsLaura Wood, Senior Manager,press@researchandmarkets.comU.S. Fax: 646-607-1907
Gas prices drop for 7 straight days
Tumbling crude prices push retail gasoline lower every day for a week
Buzz up! 0 Print..Companies:United States Natural GasUnited States Oil.Related Quotes
Symbol Price Change
UNG 10.44 +0.36
USO 36.76 -0.49
{"s" : "ung,uso","k" : "c10,l10,p20,t10","o" : "","j" : ""} By Chris Kahn, AP Energy Writer , On Friday January 22, 2010, 11:51 am
NEW YORK (AP) -- Gasoline prices have declined every day for a week following a similar slide in crude prices this month.
But with the national average at nearly $2.73 a gallon on Friday, pump prices are still more expensive than any day last year. They've ridden a 10-month rally in energy commodities that doubled oil prices to nearly $80 a barrel by the end of last year.
Crude prices have tumbled this month, pulling down gas prices with them as weekly government reports showed the country hasn't regained its appetite for petroleum. The economy may be slowly recovering, but Americans aren't burning more fuel than they did last year.
The Energy Information Administration said Thursday that the nation's gasoline supply ballooned by 3.9 million barrels last week as demand fell for the fourth straight week.
U.S. refineries, which have struggled to pass along the higher crude costs to motorists, continue to produce less gasoline. They've cut operations to the lowest levels on record, at a time not related to a hurricane, according to analyst Stephen Schork. Refineries generally curtail operations when those big storms hit to minimize damage.
Oil prices fell again Friday as Wall Street stumbled for a third straight day and the dollar strengthened -- making crude contracts tougher to buy with foreign currency.
Benchmark crude for March delivery lost 66 cents to $75.42 a barrel on the New York Mercantile Exchange. In London, Brent crude for March delivery fell 89 cents to $73.69 a barrel on the ICE Futures exchange.
Retail gas prices lost a penny overnight to a new national average of $2.727, according to auto club AAA, Wright Express and Oil Price Information Service. A gallon of regular unleaded is still 14.3 cents more expensive than it was a month ago, and it's 87.7 cents more expensive than the same time last year.
In other Nymex trading in February contracts, heating oil fell 1.92 cents to $1.9664 a gallon, while gasoline gave up less than a penny to $1.9751 a gallon. Natural gas futures added 19.2 cents, more than 3 percent, to $5.807 per 1,000 cubic feet.
Associated Press writers Pablo Gorondi in Budapest, Hungary and Eileen Ng in Kuala Lumpur, Malaysia, contributed to this report.
Research and Markets: Chile Mining Report Q1 2010 - Copper Output Rose in August 2009 By 7.8% Based On the Previous Year
Buzz up! 0 Print..Press Release Source: Research and Markets On Friday January 22, 2010, 11:36 am
DUBLIN--(BUSINESS WIRE)--Research and Markets(http://www.researchandmarkets.com/research/a14f55/chile_mining_repor) has announced the addition of the "Chile Mining Report Q1 2010" report to their offering.
The Chile Mining Report provides industry professionals and strategists, corporate analysts, mining associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Chile's mining industry.
Mining production for the country grew 7.7% in August 2009 compared to the previous year which was mostly attributed to the growth in copper production. It was the first time the mining industry had experienced growth since 2008 and signalled a significant recovery from the recession. Copper output rose in August 2009 by 7.8% based on the previous year and this, in turn, was mostly due to production increases from Chile's state-owned Codelco and Australian-based BHP Billiton. The copper market experienced a noticeable recovery largely due to increased demand from China which also boosted the price of the commodity.
In the first half of the year, however, production increases were unable to successfully offset the effects of the downward trend of commodity prices. Codelco's production was up to 783,100 tonnes in January- June up from 675,000 tonnes in the same period of the previous year. Despite this, the company still posted a fall in profits of 82.4% to US$722mn although this was higher than a previous estimate of US$500mn. Antofagasta had a similar decline in net earnings to US$235.7mn for H109, a 70.3% decrease based on H108 levels. Both companies, however, remain cautiously optimistic and have announced a number of expansion plans and production targets for 2010 which highlight a belief that the sector is poised for growth once more.
In September 2009, it was reported that the government was working with securities regulators and the stock exchange to propose a system framework which would boost investment in junior exploration firms. The author believes that Chile needs to develop its venture capital segment if it is going to encourage junior mining companies to break into the country's lucrative mining market. As the world's largest copper producer, Chile still has a vast expanse of deposits that have yet to be explored. The proposed system would encourage mining companies to sell shares on the stock exchange to raise investment and would offer incentives to investors such as capital gains tax breaks. Consultants are expected to present their recommendations for the framework by October or November this year. Currently, the mining market is dominated by a few large companies and would benefit from attracting investment to this small but dynamic sector of junior firms.
In September 2009, it was finally announced that the current Copper Reserve Law would be repealed with Chilean President Michell Bachelet stating that it would 'reinvigorate it [Codelco] as an actor in the international mining industry'. In addition to removing the need for Codelco to pay 10% of its profits to the military, the new bill also overhauls the financing of the military. Replacing the old financing structure would be a more stable funding programme from the state general fund. The new funding plan would be based over 12 years, breaking down into four-year segments. This is more satisfactory to commanders in the army and navy who believe the new form of financing will provide better peace of mind rather than the year to year (y-o-y) funding that used to occur. Between 2006 and H109, Codelco earned US$23.3bn, of which approximately US$4.2bn was paid to the military.
Industry Forecast According to the author's forecasts, Chile's mining industry will reach a value of US$55.99bn in 2014, up from US$29.8bn in 2008. These forecasts have been downgraded accordingly owing to lower prices for most mineral commodities, especially copper.
Key Topics Covered:
•Executive Summary
•SWOT Analysis
•Special Focus: Outlook for Global Mining
•Table: Biggest Chinese Acquisitions In Australia Since 2005
•Industry Trends and Developments
•Overview
•Key Metals Projects
•Business Environment
•Regional Overview - Americas
•Table: Americas Mining Business Environment Ratings
•Chile - Business Environment Ranking
•Limits of Potential Returns
•Risks To Realisation Of Returns
•Legal Issues
•Table: BMI's Legal Framework Ratings
•Labour Force
•Table: Chile - Demographic Indicators, 2000-2030
•Table: Regional Labour Force Quality
•Foreign Investment Policy
•Table: Chile's Annual FDI Inflows, 2000-2006
•Table: Latin America's Annual FDI Inflows, 2004-2006
•Political Environment
•Industry Forecast Scenario
•Metal Prices Outlook
•Competitive Landscape
•Table: Chile's Mining Sector - Key Players
•Company Monitor
•Appendices
Companies Mentioned:
•Antofagasta
•Codelco
•Collahuasi
For more information visit http://www.researchandmarkets.com/research/a14f55/chile_mining_repor
Contact:
Research and MarketsLaura Wood, Senior Manager,press@researchandmarkets.comU.S. Fax: 646-607-1907Fax (outside U.S.):
.Agriculture futures, livestock prices trade mixed
Wheat, corn futures drop on Chicago BOT, oats, soybeans gain; Beef and pork prices mixed
Buzz up! 0 Print..On Friday January 22, 2010, 11:31 am
CHICAGO (AP) -- Agriculture futures were mixed in early trading Friday on the Chicago Board of Trade.
Wheat for March delivery dropped 1 cent to $4.985 a bushel; March corn shed 2 cents to $3.70 a bushel; March oats rose 1 cent to $2.24 a bushel; and March soybeans ticked up 1.5 cents to $9.555 a bushel.
In other trading, beef and pork futures were mixed on the Chicago Mercantile Exchange.
February live cattle added 0.20 cent to 87.05 cents a pound; March feeder cattle were unchanged at 99.37 cents a pound; February lean hogs slid 0.80 cent to 70 cents a pound; and February pork bellies tumbled 2.65 cents to 86.35 cents a pound.
How to Invest in Commodities
Buzz up! Print..By Ben Baden , On Friday January 22, 2010, 11:25 am
Commodities remain an extremely volatile investment, but many advisers recommend that investors consider using commodities in a small part of their portfolio for purposes of diversification. The term is used for products that range from natural gas to pork bellies. "Five years ago, they were more of a novelty," says Tom Lydon, editor of ETFTrends.com. "Now, with the potential of inflation and the greater demand for commodities around the world, there's definitely a reason to have between 5 and 10 percent of your overall allocation in commodities." Here's a few things to consider before investing:
Understand the risks. For some investors who are willing to think outside the box, investing in commodities can actually bring down the overall volatility of their portfolio. Investing in commodities alone is an extremely volatile endeavour, and investors should be aware of this before they consider investing. "There's of course going to be times when commodities don't do well," says Tom Idzorek, chief investment officer at Ibbotson Associates, a Morningstar company. "If people are scared off by that, then chances are commodities aren't for them."
The benefit for investors is that commodities aren't correlated with more traditional investments like stocks and bonds. Commodities tend to perform well when other asset classes, like stocks, are struggling. Because of that, investments in commodities can lower your portfolio's overall volatility. "While stocks are zigging, commodities are zagging," says Jerry Miccolis, principal and CIO with Brinton Eaton, a Madison, N.J.-based wealth management firm. "When you combine them together with stocks, you have a portfolio that has less zigs and zags than you would have if you had either one individually."
Diversify. Don't put all of your eggs in one basket. There have been a number of new funds launched that track a single commodity. Many of these funds have done quite well, but there's no telling how long their success will last. Investors shouldn't get caught up chasing the hottest new commodity. Gold, for instance, has been one of the most popular commodities of late, but Lydon warns that the price may not appreciate much longer. That's why many advisers suggest diversifying and investing in a broad basket of commodities. "For most investors, they shouldn't be buying these very specific products," Idzorek says. "Most investors should be getting broad exposure to a large number of commodities."
Pick your funds. For broad exposure to commodities, advisers suggest investing in a number of mutual funds and exchange-traded funds that track a range of commodities, including metals like gold and silver, natural gas and oil, livestock, and agricultural products like soybeans. Investors also can get exposure to commodities through investing in the stocks of companies that produce commodities, but advisers say many investors probably already have exposure to some of these types of companies through more traditional means like a broad stock fund. Miccolis says that his firm has used mutual funds like Oppenheimer Commodity Strategy Total Return Fund (symbol QRAAX) and PIMCO Commodity Real Return Strategy Fund (PCRAX) in the past. Both funds invest in instruments that provide broad commodities exposure. Lydon recommends ETFs like PowerShares DB Commodity Index Tracking Fund (NYSEArca: DBC - News), which tracks an index with a wide range of different commodities.
DMXC .0085 x .01 90K 2 left a .01
L2 .0085 x .01 90K 2 left a .01