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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (72117)	2/26/2001 7:58:46 PM
From: Lucretius	Read Replies (1) \| Respond to of 436258

how low is the dow going and will it be before march expir? -g-

To: pater tenebrarum who wrote (72117)	2/26/2001 8:11:28 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 436258

SCI Systems lays off 10% of workforce (3,800) and takes the charge: biz.yahoo.com

To: pater tenebrarum who wrote (72117)	2/27/2001 8:38:21 AM
From: UnBelievable	Read Replies (1) \| Respond to of 436258

US Durable Goods Orders-OVERVIEW Futures World News - February 27, 2001 08:30 --US January durable goods orders -6.0%; ex-transportation -0.3% --US January transportation equipment orders -22.4% --Ex-defense, US January durable goods orders -6.0% --Ex-defense and aircraft, US Jan capital goods shipments unchanged --Ex-defense and aircraft, US January capital goods orders +6.5% --US January durable goods shipments -1.7%; unfilled orders -0.2% --US January metals orders -0.6%; industrial machines +5.7% --US January electronic equipment orders -6.2% --US January civilian aircraft orders -49.3% --US December durable goods orders revised to +1.2% from +2.1% By Simon Kennedy, BridgeNews Washington--Feb. 27--U.S. manufacturing activity continued to deteriorate in January, with durable goods orders falling 6.0% amid sharp drops in civilian aircraft and other transportation equipment orders, the Commerce Department said Tuesday. The decline, the first since October, was double the 2.8% drop projected by analysts. However, excluding transportation, January durable goods orders slipped just 0.3%. * * * December's durable goods orders were revised to up 1.2% from the 2.1% increase previously reported. In January, durable goods shipments fell 1.7%, the fourth straight monthly drop. Unfilled orders were down 0.2%. Excluding defense, new orders for durable goods fell 6.0% in January. Although erratic, the durable goods data--which measures demand for goods designed to last three years or more--is widely watched as an indicator of general economic health because purchases for such "big ticket" items are usually sensitive to interest rate shifts. Private estimates in the BridgeNews survey for January durable goods orders ranged from down 6.0% to up 0.5%. The contraction in orders is another sign that manufacturing is still struggling amid high interest rates, slowing demand and spiking energy prices. The National Association of Purchasing Management's new orders index dropped in 37.8 in January, its lowest level since November 1981. In cutting interest rates by 100 basis points since Jan. 3, the Federal Reserve has reacted to such toils and is expected to chop borrowing costs again in coming weeks to prop up an ailing economy. MAIN COMPONENTS: --Transportation equipment orders fell 22.4% in January. All components fell but the biggest decline was in civilian aircraft orders, which plummeted 49.3%. --Electronic and other electrical equipment orders slid 6.2%. --Primary metals orders declined 0.6%, their fourth consecutive fall. --However, industrial machinery and equipment orders climbed 5.7%--the sharpest rise in a year--led by computers and office equipment. CAPITAL GOODS, ORDERS AND SHIPMENTS: --Shipments of non-defense capital goods, excluding aircraft, a handy indicator of future capital spending by businesses, were flat for the second consecutive month in January. --New orders for non-defense capital goods excluding aircraft, said by some to be the "core" orders series and an indicator of business investment, were up 6.5% for the latest month. They were unchanged from a year earlier. Benchmark revisions to the durable goods series will be released May 25 and include data from 1992 through December 2000. End

To: pater tenebrarum who wrote (72117)	2/27/2001 8:40:05 AM
From: Box-By-The-Riviera™	Read Replies (2) \| Respond to of 436258

Books by Jay Chen Message 15416153

To: pater tenebrarum who wrote (72117)	2/27/2001 8:43:43 AM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 436258

GOLD =DJ S Africa Gold Stocks To Fall Unless Gold Breaks $270/oz 27 Feb 05:14 By Angus Macmillan Of DOW JONES NEWSWIRES JOHANNESBURG (Dow Jones)--Sharply-rallying gold shares are likely to pull back equally swiftly unless bullion breaks through $270 an ounce soon, gold analysts said Tuesday. Leading South African gold shares have spiked nearly 20% since the middle of last week on bullion's $10 bounce from around $257/oz to 267/oz. And the Gold Index on the JSE Securities Exchange South Africa has broken through the psychologically important 1000 point barrier for the first time since in several months. Nick Goodwin, gold analyst at Fedsure Asset Management, sees the metal heading through $300/oz over the next few months, but not before significant volatility. "There is enormous pressure to keep the gold price down as central banks and other lenders of physical gold don't know where their metal is," he said. "Too many traders have shorted bullion and now don't have metal to pay back to lenders," said Goodwin. But a pullback in the gold stock rally may be imminent as leading gold shares such as AngloGold Ltd. (AU), the world's biggest producer, are already discounting a $270/oz bullion price. AngloGold surged 5% Friday, 8% Monday and a further 5% in early Tuesday trade to 260 rand ($1=ZAR7.7340). Gold Fields Ltd. (O.GFD) and Harmony Ltd. (O.HRM), South Africa's other big producers, have also surged over the past three days. "Gold stocks usually move up ahead of a gold price move, but they invariably pull back if bullion's rise is muted," said Goodwin. Another analyst at a local securities house, who requested anonymity, said gold stocks are rising on more than a short-covering rally. He said there has to be a stronger foundation for central banks to have increased their gold leasing rates to 2% for 0.75% in the past few days. "A lot of things are coming together at the same time in the gold market. Something major is happening," he said. Rumors that the Bank of England has stopped lending gold have also assisted the rally in gold stocks. David Davis, gold analyst at Standard Equities Ltd. said the increase in lease rates, a 200 metric ton international short position and rumors of a second Washington Agreement to limit central banks gold sales is pushing up bullion and gold stocks. "If bullion gets through $270, it can head to $330 or higher and gold stocks will move sharply upwards," he said. "But we may see some profit-taking in the short-term," said Davis. By Angus Macmillan, Dow Jones Newswires; +27-11-72607903; Mobile +27-82-2107-307; (END) DOW JONES NEWS 02-27-01 05:14 AM