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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: regli who wrote (45212)	1/25/2006 3:14:46 PM
From: mishedlo	Read Replies (3) \| Respond to of 116555

321gold.com Gold is expected to break sharply higher soon, in sympathy with an important upside breakout by silver. A strong rally should follow that will probably take it to the $610 area. .... WE THEREFORE COME DOWN OFF THE FENCE DECISIVELY AND EXPECT A MAJOR UPSIDE BREAKOUT BY SILVER VERY SOON.

To: regli who wrote (45212)	1/25/2006 6:27:35 PM
From: mishedlo	Respond to of 116555

Charles Goyette I am most of the first segment probably starting about 5-7 minutes into the first segment and running thru the end of the first segment and slightly into the second segment. charlesgoyette.com Mish

To: regli who wrote (45212)	1/25/2006 9:15:57 PM
From: mishedlo	Read Replies (1) \| Respond to of 116555

No pricing power here: DJ Furniture Brands 4Q Net Dn 23% On Raw Materials Costs ST. LOUIS (Dow Jones)--Furniture Brands International Inc.'s (FBN) fourth-quarter profits fell 23% on higher costs for raw materials and lower volume at its Broyhill unit. The company also forecast first-quarter earnings of 43 cents to 47 cents a share, compared with 46 cents a share in the year-earlier period. In a press release Wednesday, Furniture Brands posted net earnings of $17.1 million, or 34 cents a share, down from year-earlier earnings of $22.3 million, or 42 cents a share, Results included charges of 2 cents a share for restructuring and asset impairment. Similar charges in the year-earlier period were 3 cents a share. Net sales fell 1.4% to $593.5 million, from $602 million a year earlier. First-quarter earnings will include restructuring and other charges of 2 cents a share, and the company forecast net sales growth in the low single digits. Year-earlier sales were $641.6 million. Furniture Brands closed Wednesday at $21.80, down 9 cents.

To: regli who wrote (45212)	1/25/2006 9:19:56 PM
From: mishedlo	Respond to of 116555

US banks seek more mortgage proposal comment time Wed Jan 25, 2006 04:25 PM ET WASHINGTON, Jan 25 (Reuters) - Lenders this week asked U.S. regulators to extend a comment period on a proposal that urged tighter underwriting on new mortgage products that may pose greater risks for banks and borrowers as interest rates rise. Comments were due Feb. 27, but lenders have asked the Federal Reserve and other regulators for 30 more days. "The proposal is extremely complex and has far-reaching consequences for our members, as well as for the nation's mortgage markets," wrote Janet Frank, director of mortgage finance in America's Community Bankers' government relations office. "We believe that it will take an additional 30 days to complete the necessary evaluation and collect comments and data from our membership," Frank told regulators in a letter. The Consumer Mortgage Coalition and HSBC North America Holdings Inc. (HBC.N: Quote, Profile, Research) also requested an additional 30 days. Spokesmen for the Fed and Office of the Comptroller of the Currency were not immediately available to comment. The Fed, OCC, Federal Deposit Insurance Corp., Office of Thrift Supervision and the National Credit Union Administration in December told mortgage lenders they should take caution with nontraditional home loans that may strain borrowers' finances. The guidance targeted interest-only and payment option adjustable rate mortgages and the practice of pairing exotic loans with second mortgages and allowing reduced documentation for borrowing. It followed a five-year rally in the U.S. housing market that shattered sales and construction records and sent prices up more than 55 percent nationwide. That has led some economists to worry the market has become a bubble set to burst, due in part to loose lending practices and the aggressive use of nontraditional mortgage products. yahoo.reuters.com