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.






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