THE PAINTED PIGS THURSDAY MORNING THUMPERS

THE PIGS GETTING MORE EXCITED. THE SCANNER SEEMS TO BE IMPROVING IN HOW IT GENERATES ITS PICKS, AND WE SEEM TO BE GTTING BETTER AT ADJUSTMENTS AND AND DATA CONTROL. STILL A LONG WAY TO GO TO BE 75% OR BETTER (OUR GOAL) BUT THE PIG FEELS WE ARE ON THE RIGHT TRACK. THIS BRINGS THE PIG TO OPW.V AND ITS NICE MOVE TODAY. BACK ON THE 15TH OF APRIL WE PICKED THE STOCK AS ONE OF OUR NIGHTLY SELECTIONS. IN REVIEWING THE PIGS NOTES, THERE APPEARED TO BE A LARGE PENT UP DEMAND FOR THE STOCK. RATHER THAN BE TOO BOMBASTIC, THE PIG FIGURED CONSERVATIVE WAS THE BEST RECCO' FOR THE STOCK. WELL WE SEE TODAY THAT A DOUBLE PLUS HAS DEVELOPED FOR US AND POSSIBLY MUCH MORE IN THE NEXT FEW WEEKS. PATIENCE AGAIN, TIMING, LIQUIDITY ARE ALL THE KEYS. HERES TO YOU OUT THERE AND HOPING YOUR USING THE INFORMATION FOR (AND TO) YOUR ADVANTAGE.

ON WITH THE SHOW.....

GDW.V......WHAT CAN THE PIG SAY....?...WHO IS BUYING ? THIS HAS BEEN ON THE PIGS RADAR FOR SOME TIME. BUT IT NEVER COULD GENERATE ENOUGH COHESIVE NUMBERS TO MAKE THE TOP 10...TILL NOW......THIS ONE LOOKS LIKE ITS READY TO FLY. NOT SURE IF THERES A STORY BEHIND IT OR NOT. BUT THE NUMBERS LOOK FINE.
THE PIG IS CONSIDERING GETTING A FEW.

JSP.V...NOT QUITE SURE WHAT TO MAKE OF THIS BUT THE NUMBERS ARE GOOD AND THE SCANNER SEEMS TO LIKE IT. LOOKS LIKE SOME IMPATIENCE ON THE RETAIL SIDE OVER THE LAST LITTLE BIT. NUMBERS STARTING TO TURN UPSIDE FOR IT. AS ALWAYS, LIQUIDITY FIRST AND THEN WE MOVE. WATCH IT CLOSE.

PNN.V...BACK ON THE 15TH OF APRIL THE PIG FEATURED THIS PORKCHOP IN HIS NIGHTLY PICKS. IT CAME ON STRONG TONIGHT AGAIN AND THE PIG HAD TO PUT IT IN AGAIN. IT BUMPED A NEW SYMBOL OFF TONIGHTS COUNT BUT THIS PIGLET HAD MUCH STRONGER NUMBERS. ONCE AGAIN IF LIQUIDITY SHOWS UP................

Commodities: Oil rises as Fed calms Spain jitters

Thu 29 Apr 2010




LONDON (SHARECAST) - Oil prices rose on Wednesday despite a bigger than expected rise in US oil inventories and a ratings downgrade for Spain. Crude oil for June delivery rose 78 cents to settle at $83.22 a barrel on the New York Mercantile Exchange. Oil prices fell early on as fears intensify about financial woes spreading across Europe, but turned higher as the Fed soothed markets with its latest interest rate decision. The US central bank said economic activity is picking up and it will hold interest rates steady for an extended period of time.


Standard & Poor’s downgraded Spanish debt from AA plus to AA. The move follows Greece and Portugal's downgrades earlier this week. Oil prices also came under pressure after the Energy Information Administration reported a 1.9m barrel increase in crude supplies, more than the 1.4m barrel increase expected. Distillates, used for heating oil, rose by 2.9m barrels but gasoline stocks fell by 1.2m barrels.


Among precious metals Comex gold for June delivery rose $9.60 to settle at $1,171.80 per ounce as euro zone debt fears increased demand. Silver for May delivery fell 7 cents to $18.10 an ounce.


Soaring gold and copper sales behind Barrick's record-profit figures






By Eric Lam, Financial PostApril 29, 2010 1:14 AM




Barrick Gold, the world's biggest gold miner, reported record profits Wednesday, doubling its income on increased production and sales for gold and copper. For the quarter ended March 31, Barrick earned $758 million US, or 77 cents a share, compared with $371 million, or 42 cents a share, this time last year.


Sales were up 44 per cent to $2.5 billion compared with $1.8 billion, in the first quarter of 2009. Operating cash flow tripled to $1.05 billion, also a record. Gold production was up 19 per cent in the quarter to 2.08 million ounces, while net cash costs were down $62 an ounce to $342. Copper production meanwhile was up 5.2 per cent to 100 million pounds.


"We had a good start to the year with our operations performing well, and when combined with higher metal prices, the result was record earnings," chief executive Aaron Regent said. The average spot price for gold in the quarter was $1,109, compared with $908 a year ago. The average spot copper price for the quarter doubled to $3.29 a pound, compared with $1.56 in 2009.


Barrick finished construction of its Cortez Hills gold mine in Nevada on schedule during the quarter, in line with its $500-million budget. The mine is on track to contribute 1.08 million to 1.12 million ounces of gold in 2010. A U.S. court ruling in mid-April allowed Cortez to continue operating, pending completion of an environmental analysis expected before the end of the year.


In December, Barrick's shares tumbled after a U.S. appeals court ruled that the project, which has faced opposition from local native Indian leaders and environmental groups, requires additional environmental analysis by the U.S. Bureau of Land Management. The appeals court directed the District Court of Nevada to issue an injunction that could either halt all work at Cortez Hills, or stop only specific operations. In January, Barrick asked the court to issue only a limited injunction that would allow work at its Cortez Hills mine to continue while an additional study of three aspects of the project is completed


As well, the company said its two other projects under construction in the Dominican Republic and in South America also remain on schedule, and will eventually contribute about one million ounces of gold. Barrick is the world's biggest gold miner, with operations around the globe.






© Copyright (c) The Province

THE PAINTED PIGS WEDNESDAY MORNING WONDERS

THE PIG IS HAVING SOME TECHNICAL DIFFICULTIES WITH CHARTS TONIGHT. SO HE WILL POST THE LINKS TO THE CHARTS. YOU CAN RETRIEVE THEM IF YOU WISH. HE APOLOGIZES FOR THIS ISSUE AND WILL BE WORKING TO HAVE IT REPAIRED.

THE PIG WANTS TO ILLUSTRATE A POINT. THE PIG PREACHES SOME PRACTICAL POINTS FOR PROFIT MAKING. ONE OF THE BIGGEST IS PATIENCE. ONCE YOU HAVE ESTABLISGHED YOUR TARGET AND THE CHART SEEMS TO BACK IT UP, YOU MOVE QUIETLY AND THEN WAIT. CASE IN POINT...... EAG.V. FIRST RECCO'D FEB. 11/10 AND THEN REVISTED ON MAR. 10/10. IF YOU LOOK AT THE CHART ON FEB. 11, YOU SEE A DISTINCT ACCUMULATION PERIOD UP TO MARCH 15TH. YOU CAN SEE AFTER THE DRAMATIC RISE, THE SMART MONEY SOLD INTO THE NEWS.  BUT THE MAIN POINT IS THAT DURING THE ACCUMULATION PHASE THERE WAS EXTREME PATIENCE SHOWN. WHAT ELSE CAN YOU SEE ?

http://stockcharts.com/h-sc/ui?s=EAG.V&p=D&yr=0&mn=3&dy=0&id=p95322962637

ON WITH THE SHOW.......

http://stockcharts.com/h-sc/ui?s=APE.V&p=D&yr=0&mn=3&dy=0&id=p02971500258

APE.V...ALL THREE TOP SCANS TONIGHT SHARE SIMILAR CHARACTERISTICS. ACCUMULATION NUMBERS COMING UP, MOVING AVERAGES AND SENTIMENTS ALL UPTURNING. FOR THIS PORK CHOP. BIG SIGN THOUGH IS THE VOLUME DISTRIBUTION VECTOR, VERY HIGH IN SCORE.  THOUGH WE SEE DOUBLE POTENTIAL, WITH IMPROVED LIQUIDITY AND A STORY TO TELL. ITS WORTH AN EYE.

http://stockcharts.com/h-sc/ui?s=CPV.V&p=D&yr=0&mn=6&dy=0&id=p58453778854


CPV.V....NICE SCAN, NICE CHART AND NICE ACCUMULATION OF THE STOCK. THE PIG SAYS THAT WITH SOME CONTINUED LIQUIDITY WE COULD SEE NICE APPRECIATION IN SHARE PRICE. THE PIG LIKES TO SEE THE UPTURN IN THE MOVING AVERAGES. ITS ALWAYS A PRECURSOR TO A MOVE.

http://stockcharts.com/h-sc/ui?s=RRM.V&p=D&yr=0&mn=6&dy=0&id=p09418778434

RRM.V....GOOD NUMBERS ON THE SCN TONIGHT. LOOKS LIKE WE ARE OR MAY BE EARLY ON THE SITUATION. LIQUIDITY AS ALWAYS THE HALLMARK OF THE PLAY. GET IT AND WE ARE AWAY, IF IT FAILS TO APPEAR, ITS DEAD MONEY. WATCH IT AND WAIT.  IT HAS PROMISE.

THE PIGS TRADE OF THE DAY............

PBX Drills High Grade Hypogene Copper Mineralization at Copaquire, Chile

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 28, 2010) - International PBX Ventures Ltd. (the "Company") (TSX VENTURE:PBX) is pleased to announce that it has received drill results for the first half of drill hole CQ-100 in the Copaquire copper porphyry in Chile.Of the first 132.8 metres of results received for drill hole CQ-100 it intercepted 89.4 metres with 1.0% copper and 0.02% molybdenum, including 14.0 metres of 2.0% copper and 0.04% molybdenum. This high grade copper mineralized intercept (43.4m-132.8m) includes a secondary (supergene) enriched copper zone (45.2m - 71.0m) characterized by chalcocite. The high grade copper intercept continues into the hypogene copper zone which is observed to consist mainly of chalcopyrite and pyrite disseminations, quartz veinlets and stringers. The hypogene mineralization (71.0m - 132.8m) returned 61.8 metres of 1.14% copper. This type of mineralization has been observed to continue to 280 metres in drill hole CQ-100 (results pending).


---------------------------------------------------------------------------


DDH CQ-100 From Length Length


metres To metres metres feet % Copper % Moly


---------------------------------------------------------------------------


Total intercept 43.4 132.8 89.4 293.2 1.00 0.02


---------------------------------------------------------------------------


Supergene zone 45.2 71.0 25.8 84.6 0.70 0.02


---------------------------------------------------------------------------


Hypogene zone 71.0 132.8 61.8 202.6 1.14 0.02


---------------------------------------------------------------------------


including 113.0 131.0 18.0 59.0 2.00 0.04


---------------------------------------------------------------------------


results pending 132.8 360.3 (eoh) 227.5 746.2






---------------------------------------------------------------------------
These results exceed expectations and clearly support managements plan to define a high grade starter pit to enhance the economics of the Copaquire mine plan. Prior to the current drill program no systematic drill testing of the hypogene mineralization has been undertaken at Copaquire. The widths and tenor of the hypogene copper mineralization encountered in DDH CQ-100 and 101 were unexpected and clearly demonstrate that extensive additional drilling is warranted. The hypogene mineralization is similar in nature and geological setting to the recently announced 1.03 Billion tonne @ 0.5% Cu hypogene sulphide resource(i) by Teck Resource at its Quebrada Blanca mine located 10km south east of Copaquire. It light of these recent results management is preparing to undertake a deep penetrating 3D IP survey across the entire Copaquire property. The survey will assist in modeling at depth the underlying geology and mineralization and delineate a potential connection below surface between the Marta and Copaquire porphyries.


The second hole DDH CQ-101 (vertical hole) is completed and was drilled to a depth of 572.20 meters. This hole was drilled to test vertically the copper-moly mineralization approximately 110 meters west of drill hole CQ-100. It is characterized by a zone of copper oxides, followed by a zone of secondary mineralization and subsequently into hypogene mineralization.


Drill hole CQ-102 is now in progress. It lies approximately 130 meters north of drill hole CQ-100, and is being drilled with an azimuth of 130 degrees and an inclination of -60 degrees, similar to the attitude of CQ-100.
QA/QC
A full QA/QC program, involving insertion of appropriate blanks, standards and duplicates is being employed. All drill holes are sampled on a 2 m continuous basis, with samples split on site and one half being transported by ALS Laboratories to the ALS Laboratories in Antofagasta, Chile for preparation. The samples are then transferred to ALS Laboratories in La Serena for analysis. A second half will be stored at a PBX facility for reference.The design of the 2010 Copaquire diamond drill program was planned and is being supervised by Senior Geological Consultant Mr. Victor Jaramillo M.Sc.A., P.Geo., (Principal of Discover Geological Consultants Inc., with over 25 years experience in mining and exploration) is the qualified person under National Instrument 43-101. Mr. Victor Jaramillo has reviewed and approved the scientific and technical information contained in this release.
About PBX
International PBX is a junior exploration company with a strong portfolio of Copper, Molybdenum and Gold projects in Chile, all of which are 100% owned. The company has recently completed a positive preliminary assessment (scoping study) by AMEC Mining and Metals S.A. on its flagship Copaquire Copper Molybdenum project located in Chile's prolific copper porphyry belt.
ON BEHALF OF THE BOARD OF DIRECTORS OF INTERNATIONAL PBX VENTURES LTD.


George Sookochoff, President & CEO
(i) Compania Minera Quebrada Blanca S.A.(R) NI 43-101 TECHNICAL REPORT ON HYPOGENE MINERAL RESOURCE ESTIMATE AT DEC. 31, 2007 QUEBRADA BLANCA REGION I, CHILE


FOR FURTHER INFORMATION PLEASE CONTACT:


International PBX Ventures Ltd.


George Sookochoff


President & CEO


(604) 681-7748 or Toll Free: 1-877-681-1154


(604) 681-0586 (FAX)
www.internationalpbx.com


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

THE PAINTED PIGS TUESDAY MORNING TIDBITS

THE PIGS STRESSED ! THE MARKETS ARE SEEMINGLY TAKING A TURN FOR THE BETTER AND NO ONE SEEMS TO BE COTTONING ON TO IT. yOU WILL SEE, IN TONIGHTS SCANS, THAT THERE IS A MARKED INCREASE IN SCANNED OPPORTUNITIES. SO THE PIG HAS DECIDED TO LET YOU IN ON A FEW MORE THAN HE NORMALLY PUTS OUT. HE KNOWS ITS A LOT FOR YOU TO FOLLOW, BUT THE PIG FIGURES TO STRIKE WHILE THE IRON IS HOT. THATS PART OF THE GAME, ALONG WITH PATIENCE, AND TIMING. FOR EXAMPLE, AND SPEAKING OF TIMING AND PATIENCE, TWICE IN THE LAST 90 DAYS OR SO HE HAS RECCO'D OPW.V. (AMONG OTHERS) NICE TO SEE SHE IS FINALLY STARTING TO MOVE (AS SOME OTHERS HAVE DONE AS WELL) FOR US. THE PIG DOES NOT LIKE TO MAKE TOO MANY PROMISES.........................BUT SOONER OR LATER JUST ABOUT EVERY COMPANY HAS ITS DAY IN THE SUN. PATIENCE, TIMING AND ACTION ARE THREE OF SEVERAL CRITICAL SKILLS THE PIG LIKES TO RE-ENFORCE. KEEP THEM IN MIND.

ON WITH THE SHOW....

OLR.V...SOME GREAT SCANS TONIGHT, THE TOP THREE TOO CLOSE TO CALL.......HERES ONE OF THEM. THE PIG FAVORS ACCUMULATION AS YOU KNOW, SOME INTERSTING CHANGES TO THE MA'S AND TO MOMENTUM SIGNALS ON THIS PIGLET. THE PIG NEVER REALLY PAYS ATTENTION TO ANY STORY ATTACHED AND TRIES TO FOCUS ON THE NUMBERS. OCCASIONALLY HE WILL MENTION A SNIPPET OR TWO IF IT COMES HIS WAY. NOTHING ON THIS FOR A STORYLINE, JUST SOME GREAT NUMBERS.

GDX.V...TURNAROUND SEEMS TO BE THE THEME OF THE DAY. A PREVIOUS PIG PICK ON THE 29TH MARCH WHEN IT APPEARED TO BE GETTING READY FOR A LAUNCH. STILL UNDER ACCUMULATION AND A DROP OFF IN LIQUIDITY (HENCE THE IMPORTANCE OF LIQUIDITY) ITS BEEN SCANNING WELL SINCE THEN AND JUST MOVED BACK INTO THE TOP 5. SOME GREAT NUMBERS AND A TURN FOR THE BETTER IT SEEMS. LIQUIDITY RETURNS, THE PIG SAYS UP SHE GOES.

CJC.V...CAN YOU SAY UPSIDE ? THE PIG SAYS THIS WAS ANOTHER IN TONIGHTS SCANS THAT HAD THE BIG NUMBERS. IT APPEARS AN IMPATIENT PUBLIC SOLD IT OFF AND NOW SOMEONE KNOWS SOMETHING. NUMBERS ALL AROUND GOOD,. ESPECIALLY DISTRIBUTION. THE PIG SAYS ITS ONE TO WATCH, WITH LIQUIDITY AND MAYBE SOME DECENT NEWS, A DOUBLE IN ORDER.

ELN.V......A WARM WINDS A'BLOWIN. A CANDIDATE FOR CHANGE OF DIRECTION OF THE YEAR HERE. THE PIG LIKES TO GET IN EARLY AND WAIT. ARE WE TOO EARLY ? MAYBE BUT WORTH A WATCH AND IF SHE STARTS TO MOVE, WE CAN MOVE WITH IT. BIG CHANGE OVER IN SENTIMENTS, MOVING AVERAGES AND ACCUMULATION LOOKS TO BE RESTARTING. WAIT AND WATCH SAYS THE PIG.


THE PIG SPECIAL SITUATIONS REPORT.........

YLL.V...THE PIG BOUGHT A FEW TODAY......LOOKS LIKE A RUN MAY BE IMMINENT. CHART LOOKS GOOD, JUST WAITING FOR SOME PP SHARES TO BE CHEWED THROUGH.

AXI. V ...IRON ORE PLAY. TRADING AT A FRACTION OF THE ACTUAL PROPERTIES VALUE.

AAA.V...A PIG FAVORITE. EXPECTING RESULTS ON SOME HOLES FROM THEIR POTASH PLAY.

NCM.V...ANOTHER POTENTIAL BREAKOUT CANDIDATE.THE CHART LOOKS EXPLOSIVE AND SOME NEWS WILL MAKE IT GO.

OPW.V....LOOKS TO BE READY TO GO. ONE OF SIX HOLES IN AND ONE EVERY WEEK TILL COMPLETION.


Commodity prices to remain high, says IMF report


http://www.business-standard.com/india/news/commodity-prices-to-remain-high-says-imf-report/393060/



Rajesh Bhayani / Mumbai April 27, 2010, 0:12 IST
The International Monetary Fund (IMF) has forecast higher commodity prices in the wake of revival in global demand, led by emerging markets. This is true for metals, crude oil and agri commodities. In all three segments, prices are expected to gradually move up.Crude oil prices, according to the IMF’s World Economic Outlook report, released last week, would depend on producers’ readiness to tap their spare capacity amidst increasing demand as economic recovery expands.Commodity prices, especially resource commodities, have been on an upswing. In the current calendar year, iron ore and nickel prices are up over 40 per cent, coal 10 per cent and steel 22-26 per cent. Crude oil and petrochemicals are also up about 10 per cent since January. Within the emerging markets, China’s imports of commodities continues to be high.
“In March this year, China’s imports of copper, oil and coal hit their second highest levels ever. The level of platinum imports beat its previous all-time high by a considerable margin. There has also been healthy rebound in imports of agricultural commodities like soybean and cotton in China,” according to Barclays.


GAINING MOMENTUM


Commodity 4-Jan-10 23-Apr-10 % chg


Nickel 18855.00 26800.00 42.14


Iron Ore-China 135.00 189.50 40.37


Steel HR Coil 549.00 696.00 26.78


Steel CR Coil 661.00 809.00 22.39


Coal fob-South Africa 84.45 93.50 10.72


London Silver ($/ounce) 16.89 18.33 8.53


Brent crude ($/bbl) 80.30 86.18 7.32


London Gold ($/ounce) 1097.32 1157.60 5.49


Copper 7464.00 7660.00 2.63


Aluminium 2225.50 2265.50 1.80


Lead 2451.50 2253.50 -8.08


Zinc 2575.00 2355.50 -8.52


Source: Bloomberg ($/tonne)
The IMF report said apart from the demand for commodities from emerging nations, investment inflows into commodity-related assets rose sharply during 2009, reflecting the continued relative attractiveness of this asset class. “According to estimates by market participants, commodity-related assets under management reached $257 billion at the end of 2009, only slightly below their all-time peak in 2008,” said the report.
“Upward price pressures from a further strengthening of demand will continue as global growth accelerates,” said the report. “Such pressures, however, will likely be moderated by high spare capacity and supply responses to the price rebound.”Data from the US commodity futures regulator, the Commodities Futures Trading Commission (CFTC), also suggest that investors and hedgers anticipate future price increases to be gradual and see little probability of another commodity price spike. Some upside price risks remain, particularly if the global recovery continues to be more buoyant than expected. Other risk factors include heightened geopolitical tensions, major supply disruptions, abrupt increases in desired inventory stocks and an unexpected depreciation of the US dollar. Over the medium term, commodity prices are projected to remain high by historical standards. “Growing commodities prices reflect the strength in economies and growth. The good thing in such a scenario is that as long as there is demand from high-growth economies, companies will be able to pass on the incremental cost due to raw material price hikes to user industry and consumers. Some inflation would be a given as a cost of growth,” said Kalpana Jain, Senior Director, Deloitte Touche Tohmatsu India Private Ltd.


Barclays Capital said in its report that most countries’ policy makers see ‘growing signs of companies passing on higher commodity prices to ultimate consumers’. This shows confidence to pass on the increase and some inflation seems tolerable.Going by this thinking, Barclays said, “We do not expect major shifts in language from the Fed and ECB (meaning no further tightening) at their forthcoming meetings, but monetary authorities in Asia and South America are likely to continue tightening gradually.” It concludes that the rising business confidence across regions and synchronised economic recovery would keep commodity prices stronger.
According to the IMF, ‘with global demand growth in agriculture commodities likely to remain high, this suggests that food commodity markets may remain relatively tight and that, in the absence of continued unanticipated increases in supply, the risk to real food prices remains tilted toward the upside’.
The moderating factor in emerging market demand will be tightening of monetary policy by the respective central banks.

Where Will the World’s Leading Commodity Markets Be Tomorrow?



EWI’s chief commodity analyst reveals why time is of the essence.


By Nico Isaac

Mon, 26 Apr 2010 15:30:00 ET
Fundamental analysis of market behavior suggests a linear, "straight-line," relationship between the news and markets: Factor “X” causes market “Y” to move in direction “Z.” In reality, however, there are more switchbacks along the mainstream financial road than an Alpine ski run. Take, for instance, the following news reel of fresh back-to-back commodity-related posts:  “Corn: Very Weak Basis For Rally On Weak Export Demand” -- Versus -- “Corn Outlook Up: Solid Demand”

“Wheat’s fundamental storyline continues to look bearish because of large supplies.”-- Versus -- “Wheat Rises To 7-Week High. Charts look great and funds are buying.” “Sugar Review: Closes at one-year low as analysts continue to downgrade the extent of world supply deficit.” -- Versus -- “Sugar Rises Most In Week. From a supply and demand perspective, we are historically in a tight market.” “Cocoa: Specs Push to 11-week high on Demand Hopes” -- Versus -- “Cocoa Falls On Speculation Demand Will Dwindle.”

“Crude Oil Loses Ground as traders feared strong economic data may push the Federal Reserve closer toward eventually raising interest rates.” -- Versus -- “Oil Advances on Economic Recovery.” How do you get a strong foothold In the world constantly changing fundamental ground?

Answer: You don't.

Hence, the alternative: The clear and objective terrain of technical methods, fortified by Elliott wave analysis. For this, the April 23 Daily Futures Junctures’ “Weekly Wrap-up” is the one-stop source. There, EWI’s chief commodity analyst and long-time Futures Junctures Service editor Jeffrey Kennedy presents in-depth commentary and labeled price charts on these top market contenders:

Coffee: Jeffrey reveals whether the recent advance has the signature of a bear-market countertrend correction or a new bull market. The candlestick price chart shows a “spinning top” bar formation, a classic “igniter” of change.

Cocoa: The price rise of late has been sharp. Jeffery’s candlestick price chart shows you whether the strong advance has been confirmed by equally strong volume. Also, the RSI (relative strength indicator) has just surpassed a prior extreme of the last seven months. All in all, the puzzle pieces form a “very exciting picture” for this week.

Grains Complex: Wheat, corn, and soybeans are “at the point where” major moves should be taking hold. Jeffrey even identifies a possible time window for this event and critical levels that need to give way to solidify his overall Elliott wave count.

Lean Hogs' “wave patterns are very exciting.” And for good reason: A diagonal triangle has unfolded clear as day. Elliotticians know this pattern to precede dramatic moves. In sum: “April and May will be pivotal months” that could launch a trend that lasts well into next year.

THE PAINTED PIGS WEEKEND CHOICE CHOPPERINO'S APRIL 24/25-2010

THE PIGS BEEN BUSY. THE SCANNER PROGRAM THE PIG USES HAS HAD TO BE TWEAKED AGAIN. AS YOU ALL KNOW THIS IS A LONG TERM EXPERIMENT, AND THE DATA WE COLLECT HELPS TO FINE TUNE THE PROGRAM, AND DELINEATE THE ADJUSTMENTS WE MAKE. THE PIG KNOWS YOU ALL TRADE FOR PROFIT, FOR THE THRILL, FOR THE CHALLENGE. WHAT THE PIG IS TRYING TO DO IDENTIFY THE EARLY OPPORTUNITIES, BLEND IN SOME ANALYSIS, PATIENCE AND INTELLIGENCE. THEREBY MAKING US A PROFIT. JURY IS STILL OUT YET, THE PIG KNOWS THAT. BUT THE INDICATIONS ARE PROMISING, SOMETIMES ALL WE HAVE IS HOPE.

ON WITH THE SHOW...

Maybe this world is another planet's hell.  ~Aldous Huxley

BRS.V...A PREVIOUS PIG PICK FORM JANUARY. THIS CHOP LOOKS READY FOR A MOVE, AFTER A LONG PERIOD OF ACCUMULATION. RUMOUR HAS IT THE INSIDERS ARE PICKING UP THE SHARES. THE SCANNER SAYS NET CAPITAL IN, MOMENTUM INDICATORS, OBV, AND LIQUIDITY ALL TURNING UP. LIQUIDITY STAYS AND THE DRY SPELL MAY BE OVER.

KLG.V...NO STORY HERE JUST SOME DECENT NUMBERS, ACCUMULATION, MOMENTUM AND NET CAPITAL AREAS. 

THE PIGS NOT SURE WHAT TO MAKE OF IT BUT IF LIQUIDITY CONTINUES THEN WE COULD SEE A MAJOR MOVE HERE. EYES FRONT.

GOE.V ....THE PIGS ODDBALL OF THE WEEKEND. A BIT CONTRADICTORY BUT NONETHELESS SCANNED SOME VERY NUMBERS IN A FEW AREAS. SOME GOOD ACCUMULATION WITH WHAT LOOKS LIKE A BIT OF AN IMPATIENCE DRIVEN SELL OFF. THE PIGS SAYS IT COULD MOVE FAST, AND IF LIQUIDITY RETURNS, VERY FAST. 

THE PIGS WEEKEND HONORABLE MENTIONS

MCK.V

NIS.V

Crude Oil Rises a Fifth on Signs Global Fuel Demand to Recover

April 25, 2010, 10:11 PM EDT

By Gavin Evans and Christian Schmollinger

April 26 (Bloomberg) -- Crude oil rose for a fifth day on speculation demand will increase as the world economy recovers from recession. Oil traded above $85 a barrel as a Conference Board report tomorrow in the U.S., the world’s largest energy user, will probably show consumer confidence climbed to a three-month high. Asian stock markets rose for the first time in three days on expectations of higher earnings at Toyota Motor Corp. in Japan.

“Data on the economic side, especially in the U.S., are getting much, much better than expected,” said Tetsu Emori, a commodity fund manager at Astmax Co. in Tokyo. “The gasoline demand season is just starting in the U.S. so I’m not really pessimistic about the high inventory levels” there, he said. Crude oil for June delivery rose as much as 44 cents, or 0.5 percent, to $85.56 a barrel in after-hours electronic trading on the New York Mercantile Exchange. It was at $85.45 at 9:39 a.m. in Singapore. The MSCI Asia Pacific Index rose 0.9 percent to 126.42 as of 9:40 a.m. in Tokyo, with more than 10 times as many stocks advancing as declining.Oil climbed 1.7 percent to $85.12 on April 23, the highest settlement since April 15, after government reports showed that U.S. sales of new homes surged in March and orders for non- transport durable goods climbed. Commodities had rallied as the dollar fell against the euro for the first time in seven days.

A Commerce Department report showed that sales of U.S. new homes increased 27 percent in March, the most in 47 years. Bookings for goods meant to last at least three years, excluding cars and aircraft, climbed 2.8 percent. The dollar index, a measure of the greenback against six major currencies, was little changed at 81.35 today after falling 0.3 percent on April 23. A weaker dollar bolsters the appeal of commodities as an alternative investment. Rally, Inventories

U.S. crude oil inventories unexpectedly climbed 1.89 million barrels to 355.9 million in the week ended April 16, according to a Department of Energy report.

While the overall level of inventories is high, the pattern of movements is similar to recent years, Astmax’s Emori said. The direction from here will be more important than the absolute level, and oil is likely to be sustained between $80 and $90 a barrel for the rest of the year, he said.“Ninety could be reachable, but over $90 to $95 would probably be difficult unless there are more strong factors on the fundamental side appearing,” he said. Hedge-fund managers and other large speculators increased their bets on rising oil prices in the week ended April 20, according to U.S. Commodity Futures Trading Commission data. Speculative net-long positions, the difference between orders to buy and sell the commodity, increased 7 percent to 121,475 contracts on the New York Mercantile Exchange, the Washington-based commission said last week.

Brent crude oil for June settlement rose as much as 40 cents, or 0.5 percent, to $87.65 a barrel on the London-based ICE Futures Europe exchange. It was at $87.64 at 9:55 a.m. Singapore time. It climbed 1.8 percent to $87.25 on April 23.

Brent is trading at a $2.19 a barrel premium to the New York-traded West Texas Intermediate futures as stockpiles at the U.S. contract’s Cushing, Oklahoma, delivery jumped 5.8 percent in week ended April 16 to 34.1 million barrels. That’s the highest since the week ending Jan. 8.

--Editors: Alex Devine, Jane Lee.

To contact the reporter on this story: Gavin Evans in Wellington at gavinevans@bloomberg.net.

To contact the editor responsible for this story: Clyde Russell at crussell7@bloomberg.net

THE PIGS FRIDAY MORNING FRYERS

THE PIG LIKES THE RAIN. IT CLEANSES, IRRIGATES, LUBRICATES AND JUST GENERALLY RE-INVIGORATES. THE MARKET IS A LOT LIKE THAT FOR THE PIG. ITS A REGENERATIVE PROCESS THAT CREATES ADRENALINE AND EXCITEMENT. BUT THE PIG IS ALWAYS CAUTIOUS, ALWAYS WARY OF THE EMOTIONAL OVERLOAD. GREED KILLS, PATIENCE PAYS, REMEMBER THAT.

THE SMART MONEY ACCUMULATES WHILE THE ERRATIC MONEY EMASCULATES. ENOUGH OF THE PORKTIFICATION.

ON WITH THE SHOW........

ULI.V...NO STORY FOR THE PIG, JUST SOME HUGE SCANS ! WANT TO SEE A STOCK UNDER ACCUMULATION ? HERES YOUR BABY. THIS IS ONE OF THE FEW WE HAVE EVER SCANNED THAT PRODUCED SUCH HIGH AGREGATES IN ALL SECTORS. THIS ONES BEING BOUGHT ! CONSIDER A FEW FOR YOURSELF. THE PIG IS....

SMI.V...AN OLD PIG FAVORITE FROM A COUPLE OF YEARS AGO. LOOKS LIKE ITS ARISING FROM THE ASHES. GREAT SCAN AND SOME ACCUMULATION SIGNS. MOVING AVERAGES EXHIBITING AWAKENING ALSO. MIGHT BE TIME FOR A NEW PIECE OF THE ACTION.

AEL.V...THIRD OF  THREE HIGH SCANS OF THE NIGHT. NO STORY FOR THE PIG JUST SOME BIG NUMBERS. THE ONLY CAUTION HERE IS THE LACK OF LIQUIDITY, IF AND WHEN IT RETURNS, IT MAY MAKE A GOOD TRADE. RIGHT NOW, ITS MADE THE TOP THREE, BUT  ITS ON THE WATCH LIST FIRST.

Canada's Alpha seeks stock exchange status

Thu, Apr 22 2010


* Alpha eyes listings business, other services
* Shares of TMX fall 1.9 pct after news (Adds details, quotes, comments from Alpha, TMX)


By Jennifer Kwan


TORONTO, April 22 (Reuters) - Alpha Group, a key rival of Canada's main exchange operator, TMX Group Inc <X.TO>, said on Thursday it is seeking full stock exchange status in a bid to expand into new areas such as the listings business. Alpha, which filed for the status with the Ontario Securities Commission, said it expects the move will allow the alternative trading system (ATS) to develop new services and products, and compete on a level playing field with TMX.
The move would likely put further pressure on TMX, which runs the Toronto Stock Exchange and the junior TSX Venture Exchange, whose share of equity trading has fallen to just over 70 percent in March from about 92 percent a year earlier, according to public data. Alpha held a 21 percent share as of March, steadily gaining as it aggressively reduced or rejigged trading fees and bolstered its technology.


Thomas Caldwell, chairman and chief executive of Caldwell Financial, said the move could potentially hurt TMX, but he is skeptical of Alpha's ownership structure."I believe that the banks -- the biggest traders -- should not control the environment. It should be neutral. I like publicly owned, I liked separate governance watching the trading and how it's handled," said Caldwell, whose firm has holdings in TMX Group."When they're controlled by the banks you're introducing great conflicts and also information leakage."Alpha is owned by BMO Nesbitt Burns Inc <BMO.TO>, CIBC World Markets Inc <CM.TO>, National Bank Financial Inc <NA.TO>, RBC Dominion Securities Inc <RY.TO>, Scotia Capital Inc <BNS.TO>, and TD Securities Inc <TD.TO>, all units of Canada's big six banks, as well as by Canaccord Capital Inc <CF.TO>, Canada Pension Plan Investment Board, and Desjardins Securities Inc.


The alternative trading system, a non-exchange venue where investors can buy and sell shares, was launched in the fall of 2008 and pledged it would snag a 20 percent share within one year of start-up.Jos Schmitt, chief executive of Alpha Group, dismissed the often-touted criticism over the potential for ownership conflicts."We are there for the industry and we are there to service the industry. The only way to achieve that is to have ownership with the industry," he said. The primary focus for Alpha will be to expand its operations to include a listings business, as well as beef up its equity trading and market data services, said Schmitt. He said he hopes to see the ATS gain exchange status by year-end. TMX said its exchanges are currently second in the world by number of listings and sixth in the world by equity capital raised, statistics that demonstrate their strong domestic and international brand and reputation.


"Exchange reputation is absolutely critical in the listings business," said TMX spokeswoman Carolyn Quick. "We're confident we will continue to compete effectively." TMX shares fell 55 Canadian cents, or 1.9 percent, to C$28.95 on Thursday afternoon.


($1=$1.00 Canadian) (Reporting by Jennifer Kwan; editing by Rob Wilson)


Who scored, goofed in NFL draft trades?


Cowboys, Broncos went bold, while Ravens, Patriots played it smart

ANALYSIS


By Vinnie Iyer


Sporting News


updated 12:45 a.m. MT, Fri., April 23, 2010


Analyzing the up-and-down trades of Thursday night's first round of the 2010 NFL draft:






Denver Broncos






Action: Traded down from No. 11 to draft No. 22 (WR Demaryius Thomas) and No. 25 (QB Tim Tebow).






Reaction: They were calculated in packaging picks and then moving back up to land two players they coveted. Thomas makes sense because he has the size and speed to be the ideal, baggage-free replacement for Brandon Marshall. But their first round will be most remembered for their huge gamble on Tebow, the type of project quarterback who usually goes after Round 3.






San Francisco 49ers






Action: Traded up from No. 13 to draft No. 11 (OT Anthony Davis).






Reaction: San Francisco didn't want to risk the player it wanted all long, and a fourth-rounder was a small price for their starting right tackle.






Miami Dolphins






Action: Traded down from No. 12 to draft No. 28 (DE Jared Odrick).






Reaction: In typical Bill Parcells fashion, Miami still ended up with a solid 3-4 end while also getting linebacker depth (Tim Dobbins) and an early Day 2 pick (No. 40).






San Diego Chargers






Action: Traded up from No. 28 to draft No. 12 (RB Ryan Mathews).






Reaction: After C.J. Spiller went at No. 9, San Diego wanted to ensure it beat the Seahawks (at 14) to the second-best back in the draft.






Philadelphia Eagles






Action: Traded up from No. 24 to draft No. 13 (DE Brandon Graham).






Reaction: Philadelphia had a good sense that the Giants and Titans were set to go after defensive ends and jumped in front to take the one it wanted most.






New England Patriots






Action: Traded down from No. 24 to draft No. 27 (CB Devin McCourty)






Reaction: New England again pulled off a sneaky good slide. Bill Belichick still got his versatile cornerback, along with an extra third-rounder, for the sake of only three spots.






Dallas Cowboys






Action: Traded up from No. 27 to draft No. 24 (WR Dez Bryant)






Reaction: Jerry Jones was enamored with Bryant, and to get his man he wisely jumped in front of Baltimore to take him. The risk didn't cost much, just dropping from the late third round (No. 90) to the early fourth (No. 119).






Baltimore Ravens






Action: Traded down from No. 25 into the second round.






Reaction: Ozzie Newsome does it again. Once the Cowboys took Bryant, it facilitated Baltimore's decision to get second-, third- and fourth-round picks in Denver's desperation to get Tebow. The Ravens, already a strong contender, can add great depth with those selections.










Detroit Lions






Action: Traded up to No. 30 (RB Jahvid Best).






Reaction: After getting their big guy to stop the run at No. 2 (DT Ndamukong Suh), the Lions must have really liked Best, a little guy who can spark their running game. But they could have drafted Best on early Day 2 by staying at No. 34, or still found a good rusher/returner even later.






Minnesota Vikings






Action: Traded down from No. 30 into the second round.






Reaction: They wanted a cornerback, but once McCourty and Kyle Wilson (Jets, No. 29) were gone they decided not to reach for one. Instead, they swindled Detroit for a slight move down by getting pick No. 100 and a bonus seventh-rounder for No. 128










© 2010 Sporting News


URL: http://nbcsports.msnbc.com/id/36730099/ns/sports-nfl/