SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: carranza2 who wrote (60677)2/4/2010 9:52:53 PM
From: TobagoJack  Respond to of 217857
 
we are blessed

let us pray and then prey



To: carranza2 who wrote (60677)2/5/2010 3:59:38 AM
From: TobagoJack1 Recommendation  Respond to of 217857
 
just in in-tray, something about blessings in disguises

yikes-may this be the mother of all short covering moves...I hope so-quite a move...

fwiw-

Largest gold futures short sellers close over 25,000 contracts in one week

ATLANTA – The largest of the largest traders of gold futures on the COMEX in New York seemed to be in a hurry to reduce their net short positioning in the latest Commodities Futures Trading Commission (CFTC) commitments of traders (COT) reports released Friday, January 29.

Over the last reporting week, very large traders the CFTC classes as “commercial” reduced their collective net short positioning by a very large 25,029 contracts or 9.1% while gold fell $40.84, or 3.6%, between reporting Tuesdays.

Long-time COT-watching traders will note that is the largest one-week reduction in commercial net short positioning since the April 7, 2009 report, when the commercials covered or offset a then startling 28,703 contracts, or 16%, with gold at $881.



To: carranza2 who wrote (60677)2/6/2010 1:09:22 PM
From: elmatador  Respond to of 217857
 
Amid Recovery, Brazil’s ETF Shows Its Might

etftrends.com

February 05, 2010 at 12:00 pm by Tom Lydon
After noticing the potential for an asset bubble, investors have been pulling money out of Brazilian stocks and exchange traded funds (ETFs). Nevertheless, Brazil is proving to be a robust economy as both consumption and exports rise.
Angel Gurria, Organization for Economic Cooperation and Development (OECD) chief, said that there’s “a danger of asset bubbles in places like Brazil… and we should be careful about that,” as stated in MecroPress. The statement came as investors also noticed the risk and began funneling more than $500 million out of the Sao Paulo stock market in January. [How to Cope with Risk in Latin America.]

Brazil’s currency, the real, has also depreciated to its lowest point against the U.S. dollar since Sept. 2, 2009. Brazilians officials are actually satisfied with the depreciation since a stronger dollar helps competition and promotes Brazilian exports.

Finance Minister, Guido Mantega, believes that the economy is stable enough to begin withdrawing stimulus measures. With consumption and exports on the rise, the Brazilian government is estimating an economic growth of 5.2% for the year. [What's Going Right for Brazil.]

Brazil’s Central Bank may wait till April to start raising rates, report Andre Soliani and Iuri Dantas for Bloomberg. Some traders expected the Central Bank would increase rates in March, which caused short-term contracts to fall recently. The Central Bank has been signaling for a rate increase so as to keep inflation in line.

According to the Central Bank’s survey, the median forecast of about 100 economists show that inflation could jump to 4.62% by year-end. The government’s inflation target is 4.5%.

For more information on Brazil, visit our Brazil category.

?iShares MSCI Brazil (NYSEArca: EWZ): up 112.4% year-to-date

?Market Vectors Brazil Small Cap (NYSEArca: BRF): up 18.7% in the last three months

?WisdomTree Dreyfus Brazilian Real (NYSEArca: BZF): up 34.6% year-to-date

Max Chen contributed to this article.

Share this post:

Tags: Brazil, Brazilian Real, BRF, BZF, Currency ETFs, Emerging Markets, EWZ, Global ETFs, Latin America

Energy ETFs: Oil Industry Expands Its Horizons
ETF Q&A: What They Are, How to Use Them

Find more articles in the Archives...


Subscribe to Our Daily E-mail Newsletter
Enter your e-mail address below to sign up for our daily e-mail newsletter, the Daily Market Update. We will never share your e-mail address with third parties.


Subscribe to Our RSS Feed
Click here to subscribe to our RSS feed

Add New Comment
You are commenting as a Guest. You may log into:



Logged in as Logout from DISQUS
Community Page Subscribe by email
Trackback URL
blog comments powered by Disqus
Related Posts
Did you enjoy this post? Check out these related articles:

?What’s Going Right for Brazil’s ETFs
January 6, 2010 – It is not often that a country has so many things going right. Brazil seems to be fortunate enough to have all the positive factors with little to impede its growth in its economy... Continue Reading »
?Brazil ETF: A Potential Not Yet Realized
December 9, 2009 – Emerging market economies, along with related exchange traded funds (ETFs), have shown a swift recovery and growth, for some, is only starting to gain momentum. Brazil is one such... Continue Reading »
?Brazil ETF: How Country’s Leaders Are Stoking More Growth
December 21, 2009 – Brazil's economy has been one marked by steady, but slow, recovery this year. Now that a recession is in the rearview mirror, the country has shifted its focus to keeping... Continue Reading »