THE PAINTED PIGS TUESDAY CHOICE PORK CHOPPERS

THE PIG WAS ENJOYING A LITTLE OF OUR FABULOUS SPRING SNOW STORM WEATHER TODAY. IT BROUGHT TO MIND THE WEATHER AND ITS EFFECTS ON THE MARKETS. IT ALSO BROUGHT TO MIND ITS EFFECTS ON OTHER DISASTERS, LIKE THE GULF OF MEXICO. ITS GETTING INTO THE HURRICANE SEASON DOWN THERE AND NO ONE REALLY SEEMS IN TOO MUCH OF A RUSH TO CARE. I WONDER THOUGH, IF AND WHEN THOSE PRISTINE BEACHES AROUND THE GULF START TO BECOME LADEN WITH TAR BALLS AND OIL DEPOSITS, NO DOUBT DISTRIBUTED BY SOME HIGH WINDS AND CHOPPY SEAS, SOMEONE FROM HIGH UP WILL FINALLY TAKE NOTICE.

SPEAKING OF OIL, THE PIG NOTICES THAT WZR.V CAME OUT WITH A LATE DAY NEWS PIECE ON THEIR WELL IN KURDISTAN. APPARENTLY THEY HAVE STABILIZED THE WELL AND ITS GOOD TO GO. WATCH FOR A POP ON THAT ONE TUESDAY AM. ANOTHER CURIOSITY,AN OTC RECOMMENDATION FROM A PIG READER, SWSR OR SOUTH WEST RESOURCES IS EXPECTED TO HAVE A BIG DAY TUESDAY AS THE COMPANY BEGINS A SHARE BUY BACK TO BATTLE ILLEGAL (NAKED) SHORTING, SHOULD BE AN INTERESTING DAY. BMK.V HAD A BIG DAY ON NEWS THAT THEY MAY HAVE DISCOVERED A NEW DEPOSIT, THE STOCK SHOULD HAVE A BIG DAY AGAIN TOMORROW

WELL THAT'S ABOUT IT FOR NOW.....

ON WITH THE SHOW....

HUI.V...ONE OF TWO BIG SCANS ON THE NIGHT, LOOKS LIKE A TURNAROUND HAS BEGUN. THIS CHOICE CHOP SCANNED HIGH IN MOMENTUM, MOVING AVERAGE AND DISTRIBUTION AREAS. BUT THE REAL INTRIGUING SCAN VECTOR WAS THAT THIS MINI RALLY WAS STARTED AND SUSTAINED WITH VIRTUALLY NO LIQUIDITY. IMAGINE WHERE IT WOULD GO IF SOME BUYING CAME IN....

GDR.V....SECOND BIG SCANNER OF THE NIGHT AND MAY THE PIG SAY...... VERY LARGE IN THE MOMENTUM, NET CAPITAL INFLOW, AND LIQUIDITY AREAS. NOT SURE WHAT, IF ANY STORY, IS CIRCULATING, BUT THE PIG LIKES THE SCANNER NUMBER AND SEES A GOLDEN FUTURE FOR THIS CHOP. SHORT AND LONG TERM.....

STOCK ALERT

LATER THIS WEEK, THE PIG WILL REVEAL A STOCK HE HAS BEEN TRACKING WITH THE SCANNER THAT LOOKS READY TO EXPLODE. 

THE PIGS PRICKLY PORK VIDEO OF THE WEEK......

http://www.wimp.com/secretpowers/

May 31, 2010

The close: Commodities boost TSX

By David Berman
Globe and Mail Update

But will strong economic growth mean higher interest rates?

Canadian stocks rose on Monday, ahead of the Bank of Canada's decision on interest rates on Tuesday morning.

The S&P/TSX composite index closed at 11,762.99, up 91.55 points, or 0.8 per cent. U.S. markets were closed for Memorial Day.

Commodity producers led the way higher. Energy stocks showed the biggest gains, with Suncor Energy Inc. up 1.3 per cent and Canadian Oil Sands Trust up 1.7 per cent. Materials were also strong, with Teck Resources Ltd. up 2.1 per cent.

Financials were mixed, though, after some disappointing second quarter results last week. Royal Bank of Canada fell 0.5 per cent but Canadian Imperial Bank of Commerce rose 0.5 per cent.

Statistics Canada reported that the Canadian economy grew by 6.1 per cent in the first quarter, topping expectations among economists. According to Bloomberg News, economists believe that the Bank of Canada will raise its key lending rate to 0.5 per cent from 0.25 per cent, and this latest snapshot of growth - the fastest in more than a decade - appears to support that forecast.

Meanwhile, the backdrop in Europe remains grim. The European Central Bank warned that banks in the euro zone will report substantial loan losses into 2011, totalling €195-billion. These writedowns will put a lid on profitability.

"Heightened sovereign risks and possible second-round effects of the fiscal consolidation that is necessary in most euro area countries could pose some downside risks to economic growth in the area," the central bank said, via the Wall Street Journal. "Should these risks materialize, loan-loss provisions should most likely be higher in the period ahead." 

Dude, where’s my bike?

The great Paul Tracy mystery finally solved 25 years later

By DEAN McNULTY, Toronto Sun

 May 30, 2010 1:10am

Paul Tracy won’t be in Sunday’s Indy 500 but he did solve a 25-year-old mystery recently.

Tracy failed to qualify his No. 15 KV Racing Technology car last Sunday after withdrawing an earlier attempt that would have gotten him onto the grid.

But on a visit to Toronto to announce Honda Canada sponsorship for races in his home town and in Edmonton, Tracy said he found out what happened to a dirt bike that went missing when he was in high school.

He said while he was waiting last week to renew his Canadian passport, he ran into a former neighbour.

“There’s this hippie-looking kid with dreadlocks and army shorts, about my age,” Tracy said. “He looks at me and goes, ‘Paul?!?’ He says, ‘I went to Moet,’ a high school near my house. I went to one close to there. And then he asks, ‘Did you ever get a dirt bike stolen about 1986?’

“I’m like, ‘You know what, I did. I had a Honda dirt bike.’ So yeah I did lose one about 25 years ago. He’s like, ‘Yeah, my buddy did it.’ ”

Tracy said at first he didn’t know what to think.

“I turned to him and said: ‘Tell him he can keep it.’ ”

Car of tomorrow

Five car builders have put forward concepts to construct a brand new IndyCar chassis for the 2012 season.

The Indy Racing League formed a committee of experts to decide on how to pick the new design.

Team owner Roger Penske thinks the possibility of returning to multiple engine and chassis suppliers after several years of a Dallara-Honda spec formula could be a good thing for IndyCar.

The mockup of one of them — the DeltaWing — has been prominently displayed at Indianapolis Motor Speedway this month.

“I think the fact that the committee is looking today at an engine formula that will hopefully attract multiple suppliers, will be good for the sport,” he said.

“We’ve got to be sure that the specifications on whatever it is are realistic because we can’t get into all fancy metals and things and I think that’s got to be important or we get the cost out of sight on the chassis side.

“If there’s the ability to have one chassis supplier, I’d like to see multiple. But again, we’ve got to be sure that the price of the race vehicles is at a level that everybody can afford them.

“I think that’s got to be the ceiling.

“If someone wants to buy one and subsidize it, fine, but it costs the same whether Chip buys it or I buy it or someone wants to get in the series.”

Football anyone?

Al Unser Jr. was at Indianapolis Motor Speedway on Saturday and was asked what sport he thought was most like motor racing. He surprised more than a few when he said it was football.

“Rick Galles was my car owner the first time I won the Indianapolis 500 and he modelled our team after a football team with the driver being the quarterback and the pit crew being the linemen, and so on,” Unser said.

“It was all modelled after how a football team operates. I never played football or anything, but I did ‘quarterback’ my team and talk to them and so on. When things were down, it was we or the team who had to bring things backup again.”

Art imitating life

The Art Institute of Indianapolis has joined the FAZZT Race Team and Canada’s Alex Tagliani in their goal to reach out to younger IZOD IndyCar Series fans, as students at the institute were asked to design a logo, website and autograph card for children.

Graphic design students Alex Noonan and Angie Fields created a logo for FAZZT Kidz and a hero card that was distributed this week during American Family Insurance 500 Festival Community Day at IMS. The website, once completed, will include puzzles and games for young children to play and photos and videos by Tagliani.

“This is a great project the art institute and their students have undertaken for me and the team,” Tagliani said.

“It’s nice to be able to have something that appeals to the kids and hopefully gets them interested in racing and learning about motor sports, as they are our future as fans.”