At the end of the day, the DJIA closed down -20.4 while the S&P gained +2.71. The tech heavy Nasdaq (+28.8) posted a sizeable gain.

The US Administration reported that CPI was up +0.3 pct with a core increase of +0.2 pct, a modest uptick. The big negative for traders, however, was the Housing Starts data that showed a stunning -10.2 pct decline.

After the bell yesterday, (Cara 100) Yahoo (YHOO) said 3Q profit dropped -4 pct as the Company undergoes broad restructuring. (Cara 100) Intel (INTC) reported that net climbed +43 pct on high global demand for chips and microprocessors.

Also on the very busy earnings front, JPMorgan Chase & Co. (JPM) reported a +2.3 pct increase in 3Q net to $3.37 billion, compared with $3.3 billion a year earlier, despite a $1.3 billion in write-downs on leveraged loans.

(Cara 100) United Technologies (UTX) 3Q net income jumped +20 pct to $1.2 billion, up from $996 million a year earlier, on a 4-cent tax benefit compared to a 2-cent restructuring charge last year.

Altria Group Inc. (MO) announced a decline of -8.4% in 3Q net income to $2.63 billion, compared with $2.88 billion a year earlier, due to the spinoff of Kraft Foods (KFT).

Coca-Cola's (KO) 3Q net income jumped +13 pct to $1.65 billion, up from $1.46 billion a year earlier due to strong global demand, with marginal increases in North American business.

BlackRock Inc.'s (BLK) third-quarter net income soared to $255.2 million, compared with profit of $18.9 million in 2006, on heavy Treasury market business.

US Treasury instruments surged as traders fled to safety.

Crude Oil closed under $88/bbl after the Department of Energy reported a +1.8 million barrel build in crude inventories and a +2.8 million barrel increase in gasoline inventories.

The $USD weakened across the board, pushing gold and silver higher. Copper was the big loser on the day, however, due to the plunging housing starts report.

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International Economics Review

US Economic Calendar

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The Cara Global 100 Stockwatch

Key Stocks plus Cara 100 In Focus

There are various sources for up/down grades by broker-dealers. One is at Briefing.com. Traders ought to check everyday for ratings changes. That website is updated later in the morning.

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Relative Strength Index (RSI) analysis of the Cara 100 company stocks .

RSI > 70 (12 of 14)

RSI < 30 (12 of 13)

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US Equity Markets Review

DJIA (interactive) chart

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NASDAQ Composite (interactive) chart

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International Equity Markets Review

Asia-Pacific

Asia-Pacific equity markets were mixed today.

Here is the latest session data for the Asia-Pacific stock exchanges.

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Here is the latest chart for the Japanese Nikkei 225 index.

The Nikkei Dow gained +0.89 pct.

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Here is the latest chart for the Singapore index .

Today, the Singapore STI was down -0.78 pct.

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Here is the latest chart for the Shanghai Composite index .

Shanghai plunged -3.50 pct.

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Here is the latest chart for the Hong Kong Heng Seng index .

Hong Kong gained +0.57 pct.

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Here is the latest chart for the India BSE 30 index .

A week ago, when I reported, "A new record high close today (18814) for the Bombay Sensex index. And another +1500 gain in just a little more than three trading sessions. Pop the bubbly," the warning was clear. Today, the BSE 30 dropped -717 points (-3.83 pct) to 17998.

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Here is the latest chart for the Australian All Ordinaries index .

The Aussie stock index lifted +1.27 pct today.

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US Dollar Review

Here is the chart of the recent trading.

The $USD is down again today, presently at 77.76. Is there any end in sight to this weakness?

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Oil Review

Interactive Chart of Weekly Crude Oil:

Here is the e-miNY Nov-07 Crude Oil chart.

Oil is presently 87.40, after hitting almost 89 yesterday. A week ago I reported it was 82.05, and "on a rocket. Hey, OPEC wants theirs too if Helicopter Ben is throwing the USD from the sky".

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Gold & Precious Metals Review

Here is the Recent Spot Gold chart.

Spot gold is now (6:57am ET) at 759.25.

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Here is the Recent Spot Silver chart.

Spot silver is now at 13.69 (6:57am ET), almost unchanged from a week ago.

Recent Spot Silver chart.

I like the Kitco.com charts btw, but also need the ones at Yahoo Finance, StockCharts.com, BillCara2.com and ADVFN.com before making any opinion.

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Here is the The Goldminers stock index chart.

$XAU is up 172.74, which was a -2.0 pct loss yesterday, and down -3.5 pct in a week.6.45.

Many junior resource companies will be exhibiting (fishing for investors) at the Cambridge Natural Resources Show in Toronto (Oct 21-22). I’ll be there too, and several of you have written to say you will join me. Anybody can join us if you wish. It’s a free show, and a good place to learn about these promoters and their penny dreadfuls. These are the companies that occasionally discover valuable properties.

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Wrap-up

I am rushing to get to the Metro Toronto Convention Centre to hear the popular Anthony Robbins. Should be a good show.

That's what I need. Show time!

Sorry about the omission of screenshots. That will come.

Earlier this morning I actually put together an album and slide presentation of 19 photos of my private Guyana gold project. This is what the iMac is all about. I just need to give it time.

Time, is there ever enough?

Have a great day.

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