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December 4, 2007

Cara's Daily Report and Commentary, Tues., Dec 4, 2007

Markets Re-cap

The Financials continue to weigh upon the equity market like an albatross. On Monday, the Dow (-57.15), S&P (-8.72), and Nasdaq (-23.83) were all down. This morning, Asian markets finished mixed, with Shanghai and Hong Kong up and Tokyo and Mumbai down. European stocks are struggling, down well over -1 pct at this point, as banking stocks are weak.

DJIA futures are indicating another day of losses, with a possibility of a steeper drop, thanks to more conservative earnings estimates by Nokia Corp (NOK) and Merck (MRK). Merck is guiding 2008 per-share earnings of $3.28 to $3.38, which is lower than the consensus $3.39. But, Nokia is now targeting an operating margin range of 16 to 17 pct within one to two years, up from the 15 pct target the company gave in November 2006.

The ICSC-UBS and Redbook Retail Sales index are to be released today.

December DJIA futures are presently (8:40am ET) down -68 at 13281.

After 3:00 am ET today, the Precious Metals have had a boost. Spot gold has bumped up from 787 to 797, presently about 796. Spot silver has run from 14.00 to 14.29, presently at 14.22.

This run-up started after the $USD became weak, dropping from a high of 76.082 after 3:00 am ET to a low of 75.624, presently at 75.689. Treasury yields are weak.

Taking a stab at it, I’d say the $USD will gain a little strength later today and the PM prices will drop back.

Comments & Outlook

Market conditions may start to change in the next fortnight as the G-7’s economic controllers (Fed, BoE, ECB and Bank of Canada) report their monetary policy decisions. Today at 9:00 am ET, the Bank of Canada kicks off the process. Early Thursday morning Dec 7, the Bank of England (7:00am ET) reports, followed by the European Central Bank at 7:45am ET. Then a week from now at 2:15 pm ET Dec 11 in Washington, the Federal Open Market Committee (FOMC), which is the US Federal Reserve Bank’s chief body for monetary policy-making, will take the lead.

I don’t think we will see extreme action in equity markets until these central bankers have their say.

Another important matter seems to be the playing out of the ridiculous Paulson Plan to let so-called disadvantaged US home-owners off the hook by freezing their teaser rates on mortgages, probably for five years. How this will be accepted by home-owners who dutifully completed their mortgage applications honestly and who have struggled to meet their mortgage obligations is simply beyond my comprehension. The whole affair smells of a plan by ex-HB&B Chairman Paulson to use his present position as US Treasury Secretary to rescue the banks at the expense of the public who will surely pay in higher interest rates in the future.

For those who don’t know, the FOMC members include the seven members of the Board of Governors and the 12 Reserve bank presidents. Prof. Ben Bernanke, the chairman of the FOMC, is also the chairman of the Board of Governors.

What happens is this: A senior official of the Federal Reserve Bank of New York discusses developments in the financial and foreign exchange markets, as well as activities of the New York Fed’s domestic and foreign trading desks. Staff from the Board of Governors then present their economic financial forecasts. In addition, the Board’s governors and all 12 Reserve Bank presidents offer their views on the economic outlook. There is then a discussion of the monetary policy options that would best promote US economic growth with stable prices, and then the members vote vote. The voting membership includes the seven governors, the president of the Federal Reserve Bank of New York and four of the other Reserve bank presidents, who serve one-year terms on a rotating basis.

Is this a good system? Well, I find it atrocious that after the FOMC last met Oct 30-31, the Minutes were not published until 2:00 pm ET Nov 20. That gave three weeks for backroom politics and deals, and ultimately apple-polishing a sales document. That’s deplorable. The American People deserve better; but it is what it is.

Yesterday, in this space, I opined that Gold would soon be the Buy of the Generation, that the market is being set up by HB&B, led by Goldman Sachs calling for a cycle bottom below $700/oz, perhaps to $600-650.

I believe the cycle bottom will be reached in the $720-740 level, but we have to be watching the price to see the bottom unfold. I do know that at $600-650 gold price, very few miners will be economic. Many will have to shut down. Although supply will drop off, investment demand will continue to increase in order to hedge against depreciating currency values due to the uncurtailed increases in global money supply. As demand outstrips supply, either the central bankers of the world must sell the balance of their gold holdings or the price will escalate. It is only a matter of time. The total amount of available money in the world today far outstrips the total central bank holdings of gold, and inflation is certain to continue, particularly where government, insurance, education, travel, resource development, etc, is involved.

So the price of gold will continue to rise for many years, or it will rise suddenly to a new level and remain there for many years, as currencies, interest rates and prices of goods and services find their new level around which they can stabilize.

Keeping an eye on international economics is an important task for traders today. In that regard, I find that Anne Picker, Chief Economist at Econoday, covers a lot of ground in her Weekly Perspective report (see link below).

This will be a very busy week on the economics calendar.


International Economics Review

US Economic Calendar.

Econoday International Perspective.


International Equity Markets Review

Europe

Here is the latest session data for the bourses of Europe.


Here is the latest session data for the London stock exchange FTSE.


Here is the latest session data for the German DAX.


Here is the latest session data for the French CAC 40.


Here is the latest session data for the Milan Italy stock exchange MIBTEL.


Here is the latest session data for the Swiss market index.


Asia-Pacific

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


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


Here is the latest chart for the Singapore index .


Here is the latest chart for the Shanghai Composite index .


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


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

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


US and the Americas

Here is the latest session data for the exchanges of the Americas.


Here is the latest chart for the Brazilian Bovespa stock exchange in Sao Paulo.


Here is the latest session data for the Toronto Stock Exchange composite index.


US Equity Markets Review

DJIA (interactive) chart

NASDAQ Composite (interactive) chart


Cara 100 Daily RSI-7 Charts

RSI > 70 (7)

RSI < 30 (3)



International Equity Markets Review

Europe

Here is the latest session data for the bourses of Europe.


Here is the latest session data for the London stock exchange FTSE.


Here is the latest session data for the German DAX.


Here is the latest session data for the French CAC 40.


Here is the latest session data for the Milan Italy stock exchange MIBTEL.


Here is the latest session data for the Swiss market index.


Asia-Pacific

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


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


Here is the latest chart for the Singapore index .


Here is the latest chart for the Shanghai Composite index .


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


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

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


US Equity Markets Review

DJIA (interactive) chart

NASDAQ Composite (interactive) chart

Table: Dow 30 List

Sorted by 1-Week Price Performance
Symbol Close 1Day
Change
1Day
%Change
1W
%Change
2W
%Change
4W
%Change
YTD
%Change
3M
%Change
6M
%Change
12M
%Change
JPM 45.21 -0.41 -0.90% 11.74% 4.92% 4.77% -5.95% 1.55% -12.89% -1.74%
AXP 58.60 -0.38 -0.64% 9.45% -0.12% 0.31% -2.92% -0.03% -9.94% 0.09%
MO 77.57 0.01 0.01% 8.58% 6.00% 7.57% 19.49% 11.76% 8.01% 23.05%
AIG 56.90 -1.23 -2.12% 8.26% 0.82% -3.76% -21.14% -13.79% -21.68% -18.45%
INTC 26.25 0.17 0.65% 7.71% 2.90% -2.05% 28.99% 2.10% 17.40% 25.84%
C 33.06 -0.24 -0.72% 7.69% -2.76% -12.38% -40.16% -29.48% -39.35% -33.05%
HON 57.06 0.44 0.78% 7.28% 2.11% -3.86% 26.52% 1.62% -2.96% 33.29%
DD 46.86 0.71 1.54% 6.65% 3.42% -2.29% -4.45% -3.88% -11.75% 0.88%
GM 28.61 -1.22 -4.09% 6.36% -2.25% -22.65% -2.85% -6.93% -6.20% -3.64%
WMT 47.87 -0.03 -0.06% 6.31% 3.30% 8.33% 0.67% 9.72% -3.23% 4.36%
CAT 72.06 0.16 0.22% 6.24% 3.77% -3.61% 17.82% -4.90% -7.78% 17.76%
DIS 33.04 -0.11 -0.33% 5.76% 1.57% -2.59% -3.39% -1.67% -6.24% -0.15%
PFE 23.55 -0.21 -0.88% 5.61% 0.68% -0.51% -10.42% -5.19% -14.92% -15.47%
T 38.28 0.07 0.18% 5.31% -3.21% -5.29% 9.53% -3.99% -5.55% 12.59%
MCD 59.83 1.36 2.33% 5.30% 2.92% 1.37% 36.38% 21.48% 17.43% 42.18%
HPQ 50.44 -0.72 -1.41% 4.73% -0.61% -3.74% 21.19% 2.21% 10.11% 27.89%
VZ 43.09 -0.12 -0.28% 4.51% -1.37% -2.91% 13.93% 2.89% 0.19% 24.39%
IBM 105.83 0.65 0.62% 3.79% 0.99% -7.64% 8.80% -9.31% -0.67% 15.98%
XOM 88.85 -0.31 -0.35% 3.70% 4.41% 1.05% 19.89% 3.64% 5.50% 15.09%
HD 28.49 -0.07 -0.25% 3.64% -2.00% -6.28% -30.63% -25.63% -27.34% -26.72%
UTX 74.93 0.16 0.21% 3.10% 0.85% -0.95% 19.30% 0.40% 5.86% 17.33%
BA 91.79 -0.75 -0.81% 2.07% 2.00% -6.11% 2.94% -5.08% -8.05% 2.50%
MRK 58.77 -0.59 -0.99% 2.05% 0.67% 4.87% 33.51% 17.14% 12.72% 30.43%
PG 73.52 -0.48 -0.65% 1.84% 0.45% 5.71% 13.91% 12.57% 15.82% 17.28%
AA 35.49 -0.88 -2.42% 1.75% -2.26% -7.96% 21.00% -2.85% -14.40% 14.97%
MMM 82.21 -1.05 -1.26% 1.49% 0.78% -3.16% 5.05% -9.65% -7.03% 2.79%
KO 62.20 0.10 0.16% 0.76% -0.67% 2.79% 28.04% 15.66% 17.80% 33.56%
GE 36.93 -1.36 -3.55% 0.54% -4.45% -8.43% -2.74% -4.99% -1.39% 4.68%
JNJ 67.71 -0.03 -0.04% 0.50% -0.06% 4.52% 1.97% 9.58% 6.78% 2.64%
MSFT 32.92 -0.68 -2.02% -0.15% -3.43% -11.17% 10.25% 14.58% 7.62% 13.13%

You can do this table yourself by entering the following string into the Summaries window at www.billcara2.com and then clicking on the link for Performance.

AA AIG AXP BA C CAT DD DIS GE GM HD HON HPQ IBM INTC JNJ JPM KO MCD MMM MO MRK MSFT PFE PG T UTX VZ WMT XOM

Here are the links to interactive Dow charts from Billcara2.com that I broke into groups of ten, which you can add technical indicators for as well. (list one) (list two) (list three)



The Americas

Here is the latest session data for the exchanges of the Americas.


Here is the latest chart for the Brazilian Bovespa stock exchange in Sao Paulo.


Here is the latest session data for the Toronto Stock Exchange composite index.



Sector ETF Summary for the US equity market

The tables I show in this section 2007_12_03 are for ten (GICS) Sector Index Funds (ETF’s) only, but they cover the full spectrum of the US equity market.

Table 1: Cara ETF List is sorted by price performance Week over Week (W/W), i.e. 1W%N.

Sorted by 1-Week Price Performance
Symbol Close 1Day
Change
1Day
%Change
1W
%Change
2W
%Change
4W
%Change
YTD
%Change
3M
%Change
6M
%Change
12M
%Change
XLF 30.75 -0.30 -0.97% 8.70% 1.15% -3.48% -16.71% -8.75% -19.12% -13.09%
XLB 41.44 -0.34 -0.81% 7.11% 2.80% -2.79% 19.73% 5.31% 0.34% 19.35%
XLY 34.47 -0.20 -0.58% 5.48% 1.14% -3.42% -10.51% -7.14% -14.53% -8.40%
IYZ 29.22 -0.03 -0.10% 5.22% -1.58% -7.53% -1.48% -11.96% -15.40% 2.63%
SMH 32.31 -0.01 -0.03% 3.89% -1.46% -5.66% -3.75% -14.73% -12.63% -5.03%
XLI 39.00 -0.40 -1.02% 3.81% 0.65% -2.91% 10.70% -0.79% -0.71% 11.68%
IYH 72.26 -0.47 -0.65% 3.75% 1.75% 2.21% 8.73% 5.35% -0.39% 9.45%
XLE 73.75 0.35 0.48% 3.16% 1.86% -2.47% 30.35% 5.81% 7.01% 21.46%
XLU 43.15 0.42 0.98% 3.11% 3.53% 2.93% 17.19% 11.18% 3.70% 17.51%
XLP 29.08 -0.11 -0.38% 2.94% 1.79% 3.82% 10.65% 7.46% 4.23% 13.91%

You can do this table yourself by entering the following string into the Summary window at Billcara2.com and then clicking on the link for Performance. XLE XLB XLI XLY XLP IYH XLF SMH IYZ XLU . You can also add more ETF’s – up to 30 in total.

For a list of components to any ETF, go to the AMEX.com web site, and click on ETF’s.

10 (energy: XLE)

ETF Chart for Energy:XLE

15 (basic materials: XLB)

ETF Chart for Basic Materials:XLB

20 (industrial: XLI)

ETF Chart for Industrial:XLI

25 (consumer discretionary: XLY)

ETF Chart for Energy:XLY

30 (consumer staples: XLP)

ETF Chart for Consumer Staples:XLP

35 (healthcare: IYH)

ETF Chart for Health Care:IYH

40 (financial: XLF)

ETF Chart for Financial:XLF

45 (technology, semiconductor: SMH)

ETF Chart for Technology, Semiconductor:SMH

50 (telecom: IYZ)

ETF Chart for Telecom:IYZ

55 (utilities: XLU)

ETF Chart for Utilities:XLU


International Equity Market USD-denominated ETF Review

Table 13: International equities via the USD-denominated ETF perspective

Sorted by 1-Week Price Performance
Symbol Close 1Day
Change
1Day
%Change
1W
%Change
2W
%Change
4W
%Change
YTD
%Change
3M
%Change
6M
%Change
12M
%Change
IFN 61.60 0.65 1.07% 12.47% 3.39% -2.76% 35.86% 32.62% 42.26% 29.58%
EWZ 80.90 0.19 0.24% 11.59% -3.90% -2.65% 73.23% 31.78% 32.19% 84.20%
FXI 182.50 -5.00 -2.67% 8.76% 2.32% -12.36% 56.79% 21.46% 59.36% 93.84%
TRF 69.81 0.91 1.32% 6.27% 1.91% -4.15% -21.16% 11.11% 5.06% -11.92%
SPY 147.68 -0.97 -0.65% 4.77% 1.30% -2.36% 4.46% 0.14% -4.15% 5.32%
EWU 25.47 -0.15 -0.59% 4.17% 1.07% -5.07% 8.15% 2.95% -0.55% 8.29%
QQQQ 50.88 -0.43 -0.84% 3.88% 1.19% -6.50% 17.67% 4.11% 7.25% 16.99%
IEV 120.02 -0.39 -0.32% 3.60% 1.20% -1.95% 13.66% 5.95% 1.33% 15.94%
EWJ 14.09 0.03 0.21% 3.30% 4.45% -0.42% -0.77% 0.28% -4.02% 1.88%
EWC 31.21 -0.80 -2.50% -6.16% -12.21% -7.72% 26.36% 8.41% 4.70% 22.68%


Japanese equity market ETF: EWJ

Here is the Japanese (EWJ) equity market ETF Daily data charts:

Interactive EWJ Daily data:


Daily EWJ

Interactive EWJ Weekly data:


Weekly EWJ



U.K. equity market ETF

Here is the United Kingdom (EWU) equity market ETF Daily data charts:

Interactive EWU Daily data:

EWU Daily data:


Daily EWU Data

Interactive EWU Weekly data:


Weekly EWU Data


Canada’s equity market

Here is the Canadian (EWC) equity market ETF Daily data charts:

Interactive EWC Daily data:


Daily EWC Data

Interactive EWC Weekly data:


Weekly EWC Data


Bonds & Yields Review

Table 10: US Treasury Yields

US Treasury Bonds
Maturity Yield Yesterday Last Week Last Month
3 Month 2.86 3.05 2.99 3.45
6 Month 3.11 3.23 3.14 3.61
2 Year 2.85 3.01 2.88 3.68
3 Year 2.83 2.96 2.81 3.65
5 Year 3.24 3.39 3.20 3.95
10 Year 3.85 3.94 3.83 4.32
30 Year 4.32 4.38 4.29 4.61
Municipal Bonds
Maturity Yield Yesterday Last Week Last Month
2yr AA 3.18 3.19 3.15 3.29
2yr AAA 3.20 3.26 3.22 3.30
2yr A 3.32 3.38 3.34 3.32
5yr AAA 3.34 3.35 3.29 3.42
5yr AA 3.37 3.35 3.24 3.42
5yr A 3.45 3.46 3.40 3.53
10yr AAA 3.74 3.71 3.78 3.79
10yr AA 3.54 3.56 3.75 3.69
10yr A 3.97 3.93 4.01 4.02
20yr AAA 4.40 4.41 4.39 4.39
20yr AA 4.19 4.20 4.79 4.58
20yr A 4.76 4.83 4.70 4.39
Corporate Bonds
Maturity Yield Yesterday Last Week Last Month
2yr AA 4.12 4.22 4.05 4.54
2yr A 4.30 4.35 4.30 4.71
5yr AAA 4.47 4.53 4.38 4.72
5yr AA 4.61 4.70 4.61 5.01
5yr A 4.56 4.59 4.42 5.00
10yr AAA 4.99 5.03 4.91 5.17
10yr AA 5.24 5.32 5.36 5.60
10yr A 5.45 5.39 5.52 5.79
20yr AAA 5.58 5.65 5.40 5.02
20yr AA 5.68 5.75 5.59 5.86
20yr A 6.03 6.11 5.86 6.05


Here is the $USB 30-year Treasury Bond chart.


Bond Yields Curve



US Bond Funds -- Interactive Daily Data Charts

SHY Daily data series chart:

US Bond Funds - Daily Data For SHY

IEF Daily data series chart:

US Bond Funds - Daily Data For IEF

TLT Daily data series chart:

US Bond Funds - Daily Data For TLT

AGG Daily data series chart:

US Bond Funds - Daily Data For AGG

LQD Daily data series chart:

US Bond Funds - Daily Data For LQD

TIP Daily data series chart:

US Bond Funds - Daily Data For TIP


Table 11: Interest-sensitive securities

Sorted by 1-Week Price Performance.
Symbol Close 1Day
Change
1Day
%Change
1W
%Change
2W
%Change
4W
%Change
YTD
%Change
3M
%Change
6M
%Change
12M
%Change
FRE 33.53 -1.54 -4.39% 36.86% -17.66% -30.62% -50.61% -45.58% -50.02% -49.90%
FNM 36.25 -2.17 -5.65% 25.35% -10.91% -31.10% -39.44% -44.75% -43.68% -36.21%
CFC 10.68 -0.14 -1.29% 23.61% -11.52% -25.57% -74.64% -46.20% -72.54% -73.28%
AGG 102.13 0.13 0.13% -0.04% 1.13% 1.57% 2.22% 2.31% 3.55% 1.26%
SHY 82.41 -0.09 -0.11% -0.27% 0.51% 1.28% 2.96% 1.59% 3.35% 2.61%
IEF 87.63 0.05 0.06% -0.53% 1.78% 2.99% 5.99% 4.15% 8.03% 4.40%
TLT 94.75 0.37 0.39% -0.87% 2.53% 4.08% 6.38% 6.60% 10.70% 3.64%
TIP 106.63 -0.07 -0.07% -1.18% 1.44% 2.54% 7.46% 5.39% 7.87% 5.11%

Consumer Finance -USA -- Interactive Daily Data Charts


Consumer Finance -USA- Daily Data Charts CFC

Consumer Finance -USA- Daily Data Charts FNM

Consumer Finance -USA- Daily Data Charts FRE


Commodities Review

$CRB Index

Open Futures Contracts

Interactive Chart of Daily CRB Commodities Index:

CRB Commodities Index - Daily Chart

Interactive Chart of Weekly CRB Commodities Index:

CRB Commodities Index - Weekly Chart


Oil Review

Here is the e-miNY Jan-08 Crude Oil chart.

Interactive Chart of Daily Crude Oil:


Crude Oil- Daily Chart


Interactive Chart of Weekly Crude Oil:


Crude Oil- Weekly Chart

Table 2: Senior oil & gas equities

Sorted by 1-Week Price Performance
Symbol Close 1Day
Change
1Day
%Change
1W
%Change
2W
%Change
4W
%Change
YTD
%Change
3M
%Change
6M
%Change
12M
%Change
CEO 180.71 -3.86 -2.09% 5.77% 10.69% -12.70% 91.69% 47.04% 86.95% 106.48%
CVX 87.84 0.07 0.08% 4.83% 2.16% -0.72% 23.77% 0.09% 6.82% 20.15%
XOM 88.85 -0.31 -0.35% 3.70% 4.41% 1.05% 19.89% 3.64% 5.50% 15.09%
PBR 96.99 0.69 0.72% 2.63% -8.30% 3.95% 94.64% 56.84% 74.44% 106.58%
STO 32.60 0.28 0.87% 1.56% 5.60% -2.48% 26.90% 13.27% 15.68% 16.80%
TOT 80.74 -0.18 -0.22% 1.01% 0.94% 1.92% 13.77% 7.52% 6.15% 14.38%
SU 98.32 2.56 2.67% -2.07% -3.86% -9.42% 33.03% 9.99% 10.90% 24.39%
ECA 65.24 -0.01 -0.02% -3.32% -4.12% -9.99% 43.89% 11.52% 4.60% 23.21%
IMO 49.34 0.31 0.63% -4.88% -6.75% -10.32% 38.36% 12.57% 3.79% 30.94%



Gold & Precious Metals Review

Spot gold chart for the week

Interactive Chart of Daily Gold EOD Continuous Contract Index:


GOLD EOD Continuous Contract Index- Daily Chart

Interactive Chart of Weekly Gold EOD Continuous Contract Index:

GOLD EOD Continuous Contract Index - Weekly Chart


Spot silver chart for the week

Interactive daily data

Interactive Chart of Daily Silver EOD Continuous Contract Index:

SILVER EOD Continuous Contract Index- Daily Chart

Interactive chart of the Silver Bullion index.


Interactive Chart of Weekly Silver EOD Continuous Contract Index:


SILVER EOD Continuous Contract Index - Weekly Chart



Spot platinum chart for the past three days

Interactive Chart of Daily Platinum EOD Continuous Contract Index:


PLAT EOD Continuous Contract Index- Daily Chart


Interactive Chart of Weekly Platinum EOD Continuous Contract Index:

PLAT EOD Continuous Contract Index - Weekly Chart


Interactive chart of the Platinum metal index.


Spot palladium chart for the week

Interactive Chart of Daily Palladium EOD Continuous Contract Index:


PALL EOD Continuous Contract Index- Daily Chart


Interactive Chart of Weekly Palladium EOD Continuous Contract Index:

PALL EOD Continuous Contract Index - Weekly Chart


Interactive chart of the Palladium metal index.


Interactive Chart of Weekly Copper EOD Continuous Contract Index:


COPPER EOD Continuous Contract Index- Daily Chart


COPPER EOD Continuous Contract Index - Weekly Chart


Interactive Chart of Daily Copper EOD Continuous Contract Index:


Interactive chart of the Copper metal index.


Table 12: Senior gold equities

Sorted by 1-Week Price Performance
Symbol Close 1Day
Change
1Day
%Change
1W
%Change
2W
%Change
4W
%Change
YTD
%Change
3M
%Change
6M
%Change
12M
%Change
BVN 55.88 0.05 0.09% 2.61% -0.21% -3.25% 102.39% 46.17% 62.44% 97.60%
KGC 17.90 0.55 3.17% -0.06% 2.64% -12.21% 56.74% 46.48% 31.14% 44.24%
NEM 50.00 0.31 0.62% -0.87% 0.62% -3.12% 13.12% 18.32% 20.16% 6.75%
ABX 41.08 0.57 1.41% -1.51% 0.15% -9.95% 37.71% 26.32% 39.59% 31.67%
AEM 48.34 0.22 0.46% -1.81% -5.03% -15.78% 24.20% 8.75% 27.61% 11.28%
GFI 16.52 0.07 0.43% -2.36% -6.88% -6.98% -9.87% 8.97% -5.55% -13.19%
GG 32.58 0.17 0.52% -2.69% 1.15% -8.79% 19.17% 38.23% 32.60% 6.26%
MDG 35.77 -0.04 -0.11% -3.22% -4.87% -12.61% 36.06% 28.81% 34.02% 18.09%
AUY 12.89 0.03 0.23% -3.95% -1.45% -13.95% 4.54% 16.55% -8.06% 0.31%


To watch the moves in precious metal miners, you will have to monitor the individual stock charts, preferably in real-time, as follows:

NEM ABX AU GFI GG HMY AUY KGC BVN
Interactive Daily data
Interactive Weekly data


MDG LIHRY AEM BGO IAG EGO RGLD GOLD CDE GRS
Interactive Daily data
Interactive Weekly data


CBJ SSRI SIL NG KRY UXG GRZ TSE_HRG TSE_GUY TSE_AGI
Interactive Daily data
Interactive Weekly data


NXG GSS MNG DROOY MFN RNO RANGY MRB CLG
Interactive Daily data
Interactive Weekly data


Here are the key Silver miners and the SLV ETF:

SLV SIL CDE HL PAAS SSRI SLW MGN

Interactive Daily data
Interactive Weekly data


Here are the Weekly and Daily Data charts of the indexes:

Interactive Chart of Daily U.S. Goldminers Index:

Daily U.S. Goldminers Index - Daily Chart

Weekly U.S. Goldminers Index:


Interactive Chart of Weekly U.S. Goldminers Index:


Weekly U.S. Goldminers Index - Weekly Chart



The U.S. goldminer share trust ETF trades under the ticker symbol GDX.


Here are the U.S. Goldminer ETF (GDX) index Weekly and Daily data charts:

GDX Daily data:

GDX Daily Data Chart

GDX Weekly data:

GDX Weekly Data Chart


The Toronto Exchange-listed goldminer iUnits S&P/TSX Capped Gold Index ETF trades under the ticker symbol TSE:XGD. Yes, just like GDX on the AMEX, you can trade XGD on Toronto.

Here are the Weekly and Daily data charts for the TSX Goldshares (XGD) index:


Interactive Chart of XGD Daily data:

XGD Daily Data Chart

Interactive Chart of XGD Weekly data:

XGD Weekly Data Chart



Forex Review

Here is the chart of the week’s trading in the $USD.

Interactive Chart of Daily U.S. Dollar Index:


Daily U.S. Dollar Index - Weekly Chart


Interactive Chart of Daily Euro Dollar Index, priced in USD:


Daily Euro Dollar Index - Priced in USD


Daily British Pound Index:


Daily British Pound Index - Daily Chart


Daily Japanese Yen Index:

Daily Japanese Yen Index - Daily Chart


Daily Canadian Dollar Index:

Daily Canadian Dollar Index - Daily Chart



Wrap up:

There are a lot of cross-currents in the market today, but that is expected as central bankers are meeting to discuss how to get out of the mess that HB&B has placed the economies of North America and Europe.

After the dust has settled, I do believe that we all will see that this period is just one of long-term trend reversal, a natural process of moving from Bull to Bear.

In the near future, with respect to this website/blog, the first level changes and additions will be made, and I would appreciate constructive criticism so that we can stay on a roll, improving it by the week.

Thanks and have a great day.


Posted by Posted by Bill Cara on December 4, 2007 09:09:32 AM | Category: Cara Today in the Market