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

To: regli who wrote (45306)	1/26/2006 3:33:10 PM
From: mishedlo	Respond to of 116555

You are correct. The poster on the FOOL was wrong Mish

To: regli who wrote (45306)	1/26/2006 5:51:28 PM
From: shades	Respond to of 116555

I watched a special on discovery channel about this poor young kid in south america who worked in the silver mines - he had no school to go to or XBOX to play or net access to talk to friends on silicon investor - a couple of his buddies died in the mine. He has a good chance of growing up like saddam, bitter and evil - and want to blow up stuff and hurt people - capitalism at all costs eh? The children are our future - progress or destruction - it will be in thier hands and hearts. At least when folks die in mines over here - they try to act like they care - hehe. DJ US Commodities: Funds Push Silver To 19-Year High . NEW YORK (Dow Jones)--Fund buying enabled silver futures to hit 19-year highs Thursday. Some of the move may be a "catch-up" to gains that previously had been occurring in gold, and some of the buying also continues to be the market speculating that Barclays Global Investors may win government approval to launch a silver exchange-traded fund. Gold fell back, however, on profit taking. March silver hit a contract high of $9.665 an ounce late in the session. A spot continuation chart shows this was the metal's most muscular level since 1987. March finally settled 9.5 cents higher at $9.605 an ounce "Silver has new sponsorship," said George Gero, vice president with RBC Capital Markets Global Futures. "We are starting to see new funds coming into silver. Part of it has to do with the fact that a lot of traders who follow gold and silver think the silver/gold ratio was out of kilter." Gold futures, which have been in a bull market for a few years now, climbed to their highest levels in a quarter century last week. March silver, meanwhile, had been sideways lately until Wednesday, when it broke above daily highs a half-cent on either side of $9.35 from mid-December and mid-January. "Silver had been less lively than gold (before Wednesday), and now it's doing a pretty good job of a catch-up," said Gero. April platinum settled up 30 cents at $1,065.10 an ounce. March palladium lost $5.40 to $278.50 an ounce. London afternoon gold traded at $556.50, versus $561.75 Wednesday. U.S. spot gold at 1:52 p.m. EST traded at $560.20 an ounce, down $2.95 from Wednesday. The most-active March copper contract settled 0.20 cent lower at $2.2015 per pound. Benchmark light sweet crude oil futures for March delivery settled up 41 cents, at $66.26 a barrel. Gasoline futures for February rallied during the day, but pared gains to settle up 1.97 cents at $1.6843 a gallon. Heating oil February contract settled down 1.26 cents at $1.7780 a gallon. The weakness in heating oil was related to warmer than normal temperature forecast for the Northeast, where most of the fuel is consumed, and a continued decline in natural gas prices. February natural gas fell 23.1 cents to settle at $8.229 a million British thermal units. The March Arabica coffee futures contract closed down 0.20 cent at $1.2285 a pound, and May lost 0.20 cent to $1.2550 a pound. The most active March cocoa futures contract settled up $20 at $1,485 a metric ton. May settled $19 higher at $1,509 a metric ton. Raw sugar in foreign ports futures for March settled up 0.57 cent at 18.48 cents a pound, while May closed up 0.54 cent at 18.34 cents a pound. On the Chicago Board of Trade, March corn settled 1/2 cent higher to $2.17 per bushel, May corn gained 3/4 cent to $2.26 3/4, and July corn ended up 3/4 cent at $2.35 3/4. March soybeans were up 3 cents to $5.70 a bushel, March soymeal was $1.50 higher at $179.90 a short ton, and March soyoil was down 12 points to 21.40 cents a pound. March wheat ended up 2 1/2 cents at $3.44 1/2, while May ended up 3 cents at $3.55 3/4 per bushel. (END) Dow Jones Newswires January 26, 2006 16:34 ET (21:34 GMT)