Translate

Search This Blog

Search Tool




Asian Markets at Close Report

European Markets at Close Report

Jul 31, 2009

Gata Dispatches:Will China keep buying U.S. bonds?

Submitted by cpowell on 07:47PM ET Friday, July 31, 2009. Section: Daily Dispatches
By Liz Rappaport and James T. Areddy
The Wall Street Journal
Friday, July 31, 2009
Shaky auctions of Treasury notes this week reignited concerns about whether the government can attract buyers from China and elsewhere to soak up trillions in new debt.
A fuse was lit this week when traders noted China's apparent absence from direct participation in two Treasury bond auctions. While China may have bought Treasurys just before the auctions, market participants read the country's actions as a worrying sign that China and other foreign investors may be ratcheting back purchases at a time when the U.S. is seeking to fund a $1.8 trillion budget deficit.
This week alone, the U.S. deluged the bond market with more than $200 billion in record-size sales. The U.S. has had little trouble finding buyers in recent months. But that demand is fading, and the Treasury market has become volatile. Many are selling in favor of riskier assets such as corporate bonds, stocks or even higher-yielding debt of other countries. This portends higher interest rates for the Treasury, and it may need to find alternative sources of cash like issuing more inflation protected Treasury bonds.
Tension on Wall Street trading desks began building late last week when the Treasury surprised the market with plans for a record week of sales. A Monday sale of $90 billion in Treasury bills with maturities of as much as a year went well. But China appeared absent from the following two sales, which totaled $81 billion of debt, traders say.
By Thursday morning, trading-desk heads were frantically working with clients to ensure a better fate for the $28 billion seven-year note auction. It did fare far better, allaying some concerns.
"We believe by maintaining the deepest, most liquid market in the world, we will continue to attract capital from a broad array of investors," said Andrew Williams, a spokesman for the Treasury Department.
The seven-year Treasury note rose after the auction, gaining 3/32 point Thursday to 99 25/32, which lowered its yield to 3.285%. The 10-year Treasury also gained in price on the day, up 6/32 to yield 3.641%.
Details about the auctions aren't revealed by the government until weeks later. Overseas buyers initially are lumped together into a category known as "indirect bidders," giving little insight into the origins of demand. It may be months until more thorough data on foreign-government buying are released by the U.S. Treasury. Foreign investors had been substantial bidders in recent Treasury auctions, even though their holdings of Treasury debt had started to wane. But this week's auctions renewed worries that central banks and other buyers will start selling more aggressively.
"If this trend continues, it could reflect foreign buyers' increasing concerns about the creditworthiness of the U.S.," said James Bianco, president of Bianco Research.
The worries over China shine a light on the potential vulnerability of the U.S. as it tries to fund is budget hole. Last year, China led foreign investors in selling mortgage securities guaranteed by government entities Fannie Mae and Freddie Mac, according to Treasury Department data. They also sold corporate bonds as the global financial crisis ramped up. They have not dipped back into these asset classes despite a huge rally in corporate bonds and mortgage debt this year.
While no one at State Administration of Foreign Exchange, which manages China's $2 trillion, would comment on the latest Treasury auctions, the government has left little doubt it fears the portfolio is at risk.
Clipped comments from government officials, amplified by state media editorials, point to a worry the U.S. will ultimately address its massive debt obligations by permitting inflation to rise or letting the U.S. dollar sink -- factors that would erode the value of Treasurys owned by foreign investors such as China.
At economic talks in Washington this week, senior Chinese officials gave their Obama administration counterparts an earful about the burgeoning U.S. budget deficit. China made clear it wants the U.S. to "protect its investment assets" for the good of the bilateral relationship, as the state-run Xinhua news agency reported.
The gravity of Beijing's concern was reiterated with blanket coverage of the talks in Chinese newspapers, which generally praised Washington for treating seriously its concerns. Global Times, a nationalistic English-language paper, published a front-page photo showing U.S. Federal Reserve Board Chairman Ben Bernanke appearing anxious, perched on the edge of a chair and listening as Chinese Vice Premier Wang Qishan makes a point.
The Chinese are also in a bind. If they sow doubts about the solvency of the U.S. government, they risk driving down the value of the $800 billion in U.S. Treasurys they already own.
The Chinese government's Treasury strategy is a closely guarded secret, and analysts were hard-pressed to identify any evidence that might suggest an adjustment was suddenly under way. "We worry about the devaluation of the U.S. dollar, but not at this stage," said Yang Hui, a bond salesman at Citic Securities Co. in Beijing.

* * *
Join GATA here:
The Silver Summit 2009
Thursday-Friday, September 24-25, 2009
Davenport Hotel, Spokane, Washington
http://thesilversummit.com
Toronto Resource Investment Conference
Saturday-Sunday, September 26-27, 2009
Intercontinental Hotel, Toronto, Ontario, Canada
http://www.cambridgeconferences.com/ch_tor2009.html
New Orleans Investment Conference
Thursday-Sunday, October 8-11, 2009
Hilton New Orleans Riverside Hotel, New Orleans, Louisiana
http://www.neworleansconference.com/
* * *
Support GATA by purchasing a colorful GATA T-shirt:
* * *
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:

http://www.gata.org/node/16

Contact GATA

Gold Anti-Trust Action Committee
7 Villa Louisa Road
Manchester, Connecticut
06043-7541 USA

Jul 30, 2009

What happened to the Gold market? By Adam Hewison

I think it came as a big surprise to many traders that the gold market imploded on Tuesday pushing to its lowest levels in several days.

Fernando Guzmán Cavero

FGC BOLSA - FGC FINANCIAL MARKETS

Dear Friends:

The downward spiral was enough to trigger a daily “Trade Triangle” which moved us into the neutral camp on this market. Exiting our long gold position based on our “Trade Triangle” signals produced a very small profit or in some cases of break even trade.

So the question is: Is the sharp downward move in gold over?

In my new video I answer that question and share with you some levels I think gold will go to on the downside. I also share with you that we could be setting up for it excellent buying opportunity, if and when our “Trade Triangles” are aligned.

If you have a few minutes I strongly recommend that you take the time to watch this gold video.

http://www.ino.com/info/415/CD3233/&dp=0&l=0&campaignid=3

All the best,

Adam Hewison
President, INO.com
Co-Creator, MarketClub

Jul 29, 2009

[FWD: Triple-Digit Returns In Emerging Markets]



-------- Original Message --------
Subject: Triple-Digit Returns In Emerging Markets
From: Forbes Newsletters <newsletters@forbes.com>
Date: Wed, July 29, 2009 11:09 am
To: news@financialandforex.info


July 29, 2009
Dear Investor,
Stocks are finally moving in the right direction again, but is your portfolio growing fast enough to make up for the likely drubbing it took in 2008? Probably not, if you're only invested in U.S. stocks!
The S&P 500 is up 45% from its 12-year low on March 9, 2009, and the Dow Jones Industrial Average is up 40%. This is good news and we should be happy...but wouldn't you be much happier if you'd doubled your money in the past few months?
Stocks that I've recommended to readers of my newsletter, Forbes International Investment Report, have doubled and tripled in less than five months. In March, I recommended iGate Corp. (IGTE), a California-based Indian outsourcing company, when it traded for less than $2.50. It's up 237%. Also, Cascal NV (HOO), a European water company with most of its operations in China and Latin America, is up from $2 to nearly $5 since I recommended it.
Just playing the averages on overseas markets has earned you far higher returns than investing in the U.S. "BRIC" (Brazil, Russia, India and China) investing is clearly back in style, as emerging markets have been among the star performers. Check out these returns from March 9 through July 27.
S&P 500 Index +45%
MS India Investment Fund +113%
Market Vectors Russia +93%
FTSE/Xinhua China 25 Index +82%
iShares Brazil +76%
MSCI Emerging Markets Index +74%
Even with these kinds of jaw-dropping, short-term returns, stocks of companies from emerging markets are poised to continue moving higher, backed up by undeniable demographics and wealth creation in these quickly developing economies.
The global economy has been in a deep recession, but there are two major economies bucking the trend: China and India. Economists expect China to deliver 6.5% GDP growth in 2009, while forecasts for India run about 5%. Even in the worst of times it's possible to find some obscure economy, somewhere, that happens to be booming. But we're not talking about Tunisia and Turkmenistan here. China and India are two of the largest countries on the planet, each with more than one billion inhabitants.
Guess what? China and India also happen to be among the world's top-performing stock markets this year.
In Russia, my readers and I have profited wildly from investments in telephone service providers like Mobile Telesystems (MBT) and Vimpel-Communications (VIP), which have both doubled from their lows. Although political risk here may be acute, the economics of an energy superpower make Russian stocks a must-have for bold international investors.
Finally, in Brazil, the twin plays of natural resources and a developing consumer class have produced a bumper crop of profits for our readers. I was urging my readers to load up on shares of Brazilian oil company Petroleo Brasileiro (PBR) at $18 last fall. Since then, PBR has gained 110%!
If you feel that you've missed the boat with Asian and emerging markets stocks, let me tell you that you have not. While it's always nice to buy right at the bottom, buying at today's prices will still make you money. These markets have a lot of lost ground to cover.
The MSCI All-Country Asia Pacific ex-Japan index (Australia, China, Hong Kong,
Indonesia, Japan, Korea, Malaysia, New Zealand, Philippines, Singapore, Taiwan and Thailand) rose almost six-fold in the two decades from Dec. 1987 to Dec. 2007. A lot of those gains evaporated last year.
In late 2007, Mr. Market went bananas for Asian stocks, offering outrageous prices for anything remotely related to China. Now we're at a different inflection point. Asian stocks are currently at about the same levels as the mid-1990s, just before the Asian currency crisis. Now Mr. Market is trying to tell us that little has changed in Asia in the past 12 to 15 years. That's nonsense.
The crisis of 1997 and 1998 did a lot of damage, but it also left Asia with vastly better macroeconomic policies, more foreign exchange reserves in the coffers, stronger banking systems, and better managed companies. But Mr. Market could care less about that because he's too busy looking at the dreadful data from the past two quarters. He is convinced that the past 15 years of Asia's economic development were an anomaly, and the last two quarters are the real trend.
Load up on these Asian and emerging markets stocks before Mr. Market changes his mind.
Emerging markets were the "innocent bystanders" last year. The crisis wasn't their fault (for a change) and yet they got slammed the hardest when Wall Street came undone. Emerging markets had to bounce back strong after things stabilized and that's pretty much exactly what they did. It was the ultimate play on "the world not ending."
The best part is that you can still make big money in emerging markets. Join me and my subscribers in this pursuit of profits and sign up to receive Forbes International Investment Report without delay. Do so now to download the most current list of buys and sells.
Here's what you can expect from Forbes International Investment Report:
  • Global Core portfolio: 25-30 best investment ideas in Europe, Asia and the Emerging Markets
  • Borderless Investor portfolio: U.S. multinationals, as well as international stocks and funds
  • Additional Ideas: Stocks and funds for investors who want more exposure to a particular region or country
  • Exclusive Q&A features with top-ranked global fund managers, analysts, economists and top executives of international companies
  • Insightful commentary on current developments in the global economy and stock markets
  • Detailed buy, sell and hold stock recommendations
CLICK HERE TO GAIN IMMEDIATE ACCESS TO THE FORBES INTERNATIONAL INVESTMENT REPORT AS WELL AS TO JOHN'S NEWEST SPECIAL REPORT,

"8 MUST-OWN INTERNATIONAL STOCKS & FUNDS,"

BECOME A CHARTER SUBSCRIBER, TODAY!
Sincerely,
John H. Christy
Editor, Forbes International Investment Report
Forbes Newsletters
About John Christy
John H. Christy III, is a veteran financial editor and analyst whose experience includes Forbes magazine and Bloomberg's Asia Finance desk in Tokyo. John is also a Chartered Financial Analyst with experience working in a boutique global investment management firm. In international markets it is not only what you know, but who you know and John's rolodex is a virtual international Who's Who of the most important CEO's, politicians and money managers around the globe.
Forbes Satisfaction Guarantee
If you are not 100% satisfied, you may cancel your subscription for a full and prompt refund of the balance of your subscription term.* All issues and bonuses received are yours to keep free, with no further cost or commitment of any kind.

Click here to subscribe to Forbes International Investment Report, today!

*Monthly Subscriptions not eligible.

You are receiving this email as an opted-in subscriber to Forbes Newsletters. You are on our mailing list as: news@financialandforex.info

If you do not want to receive email offers from Forbes Newsletters in the future, click here.


You may also email your opt-out request to privacyadmin@forbes.com
or send your request in the mail directly to Forbes Inc.

Attn: Privacy Administrator 60 Fifth Ave 8th Floor New York, NY 10011.


Please click below to review our privacy policy:
http://www.forbesinc.com/subservices/privacy.shtml

Powered by Puresend

Why weekly charts are so important in Forex trading?

Forex traders use different time frames to determine when to stay in or out of a particular currency pair. Here Adam gives us an insight,about the importance of weekly charts.After the video, do not miss to join Market Club.

Fernando Guzmán Cavero
FGC FOREX -FGC FINANCIAL MARKETS


Today I’m going to be looking into why weekly charts are so important in the Forex market.

I will use the EUR/USD as the example and deeply investigate the buy signal we received on this cross on Monday, July 27th. Although it’s too early to tell if this signal will be profitable, it is certainly a signal you must take if you are a disciplined follower of MarketClub’s “Trade Triangle” technology.

You can watch this video with my compliments and there is no registration requirements.

http://www.ino.com/info/414/CD3233/&dp=0&l=0&campaignid=3

All the best,

Adam Hewison
President, INO.com
Co-Creator, MarketClub

Jul 24, 2009

Gata Dispatches:"Market Manipulation and Insider trading with the Exchanges's OK"

Submitted by cpowell on 05:13PM ET Friday, July 24, 2009. Section: Daily Dispatches Stock Traders Find Speed Pays, in Milliseconds By Charles DuhiggThe New York TimesFriday, July 4, 2009http://www.nytimes.com/2009/07/24/business/24trading.html?It is the hot new thing on Wall Street, a way for a handful of traders to master the stock market, peek at investors' orders, and, critics say, even subtly manipulate share prices. It is called high-frequency trading -- and it is suddenly one of the most talked-about and mysterious forces in the markets.Powerful computers, some housed right next to the machines that drive marketplaces like the New York Stock Exchange, enable high-frequency traders to transmit millions of orders at lightning speed and, their detractors contend, reap billions at everyone else's expense.These systems are so fast they can outsmart or outrun other investors, humans, and computers alike. And after growing in the shadows for years, they are generating lots of talk.Nearly everyone on Wall Street is wondering how hedge funds and large banks like Goldman Sachs are making so much money so soon after the financial system nearly collapsed. High-frequency trading is one answer.And when a former Goldman Sachs programmer was accused this month of stealing secret computer codes -- software that a federal prosecutor said could "manipulate markets in unfair ways" -- it only added to the mystery. Goldman acknowledges that it profits from high-frequency trading but disputes that it has an unfair advantage. Yet high-frequency specialists clearly have an edge over typical traders, let alone ordinary investors. The Securities and Exchange Commission says it is examining certain aspects of the strategy. "This is where all the money is getting made," said William H. Donaldson, former chairman and chief executive of the New York Stock Exchange and today an adviser to a big hedge fund. "If an individual investor doesn't have the means to keep up, they're at a huge disadvantage."For most of Wall Street's history, stock trading was fairly straightforward: Buyers and sellers gathered on exchange floors and dickered until they struck a deal. Then, in 1998, the SEC authorized electronic exchanges to compete with marketplaces like the New York Stock Exchange. The intent was to open markets to anyone with a desktop computer and a fresh idea. But as new marketplaces have emerged, PCs have been unable to compete with Wall Street's computers. Powerful algorithms -- "algos," in industry parlance -- execute millions of orders a second and scan dozens of public and private marketplaces simultaneously. They can spot trends before other investors can blink, changing orders and strategies within milliseconds.High-frequency traders often confound other investors by issuing and then canceling orders almost simultaneously. Loopholes in market rules give high-speed investors an early glance at how others are trading. And their computers can essentially bully slower investors into giving up profits -- and then disappear before anyone even knows they were there. High-frequency traders also benefit from competition among the various exchanges, which pay small fees that are often collected by the biggest and most active traders -- typically a quarter of a cent per share to whoever arrives first. Those small payments, spread over millions of shares, help high-speed investors profit simply by trading enormous numbers of shares, even if they buy or sell at a modest loss. "It's become a technological arms race, and what separates winners and losers is how fast they can move," said Joseph M. Mecane of NYSE Euronext, which operates the New York Stock Exchange. "Markets need liquidity, and high-frequency traders provide opportunities for other investors to buy and sell."The rise of high-frequency trading helps explain why activity on the nation's stock exchanges has exploded. Average daily volume has soared by 164 percent since 2005, according to data from NYSE. Although precise figures are elusive, stock exchanges say that a handful of high-frequency traders now account for a more than half of all trades. To understand this high-speed world, consider what happened when slow-moving traders went up against high-frequency robots earlier this month, and ended up handing spoils to lightning-fast computers. It was July 15, and Intel, the computer chip giant, had reporting robust earnings the night before. Some investors, smelling opportunity, set out to buy shares in the semiconductor company Broadcom. (Their activities were described by an investor at a major Wall Street firm who spoke on the condition of anonymity to protect his job.) The slower traders faced a quandary: If they sought to buy a large number of shares at once, they would tip their hand and risk driving up Broadcom's price. So, as is often the case on Wall Street, they divided their orders into dozens of small batches, hoping to cover their tracks. One second after the market opened, shares of Broadcom started changing hands at $26.20.The slower traders began issuing buy orders. But rather than being shown to all potential sellers at the same time, some of those orders were most likely routed to a collection of high-frequency traders for just 30 milliseconds -- 0.03 seconds -- in what are known as flash orders. While markets are supposed to ensure transparency by showing orders to everyone simultaneously, a loophole in regulations allows marketplaces like Nasdaq to show traders some orders ahead of everyone else in exchange for a fee. In less than half a second, high-frequency traders gained a valuable insight: The hunger for Broadcom was growing. Their computers began buying up Broadcom shares and then reselling them to the slower investors at higher prices. The overall price of Broadcom began to rise. Soon thousands of orders began flooding the markets as high-frequency software went into high gear. Automatic programs began issuing and canceling tiny orders within milliseconds to determine how much the slower traders were willing to pay. The high-frequency computers quickly determined that some investors' upper limit was $26.40. The price shot to $26.39, and high-frequency programs began offering to sell hundreds of thousands of shares. The result is that the slower-moving investors paid $1.4 million for about 56,000 shares, or $7,800 more than if they had been able to move as quickly as the high-frequency traders. Multiply such trades across thousands of stocks a day, and the profits are substantial. High-frequency traders generated about $21 billion in profits last year, the Tabb Group, a research firm, estimates. "You want to encourage innovation, and you want to reward companies that have invested in technology and ideas that make the markets more efficient," said Andrew M. Brooks, head of United States equity trading at T. Rowe Price, a mutual fund and investment company that often competes with and uses high-frequency techniques. "But we're moving toward a two-tiered marketplace of the high-frequency arbitrage guys and everyone else. People want to know they have a legitimate shot at getting a fair deal. Otherwise the markets lose their integrity."
* * * Join GATA here:The Silver Summit 2009Thursday-Friday, September 24-25, 2009Davenport Hotel, Spokane, Washington
http://thesilversummit.comToronto Resource Investment ConferenceSaturday-Sunday, September 26-27, 2009Intercontinental Hotel,
Toronto, Ontario, Canada
http://www.cambridgeconferences.com/ch_tor2009.html
New Orleans Investment ConferenceThursday-Sunday, October 8-11, 2009Hilton New Orleans Riverside Hotel, New Orleans, Louisiana
http://www.neworleansconference.com/
* * *Support GATA by purchasing a colorful GATA T-shirt:http://gata.org/tshirts
* * *Help keep GATA goingGATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
http://www.gata.org
To contribute to GATA, please visit:
http://www.gata.org/node/16
Contact GATA
info@gata.org
Gold Anti-Trust Action Committee
7 Villa Louisa RoadManchester,
Connecticut06043-7541 USA
www.gata.org

How high will the S&P go? : By Adam Hewison

Adam Hewison sends us his latest video about How far can S&P will go?
Just take your time, relax and learn more on Adam's Technical Analysis Points.
Fernando Guzmán Cavero
FGC BOLA - FGC FINANCIAL MARKETS


With the S&P 500 making new highs and as world equity markets following suit, the question becomes how high can we go?
In this short video on the S&P 500, I outline some mathematical upside target zones that I am looking at for this market.

You can watch this video with my compliments and there is no registration requirements. We would love to get your feedback about this video on our blog.

http://www.ino.com/info/413/CD3233/&dp=0&l=0&campaignid=3

All the best,


Adam Hewison
President, INO.com
Co-Creator, MarketClub

Money Morning: "The Best Sign of a global Rebound"

Money Morning Newsletter. - This a forwarded e-mail recieved by peruforex@peruforex.info . To read full article, click the link below:

The Three Reasons China Will Lead the Global Rebound

Gata Dispatches:"JUlian Phillips; Will Big Bank Gold Shorts be forced to Cover?"

Submitted by cpowell on 08:07AM ET Friday, July 24, 2009. Section: Daily Dispatches
11a ET Friday, July 24, 2009
Dear Friend of GATA and Gold (and Silver):
In commentary posted today at GoldSeek, Julian Phillips, editor of Gold Forecaster, notes the growing discussion within the U.S. government about market manipulation, discussion encouraged by GATA's work, and analyzes the possible market outcomes if the government actually does something. Phillips' commentary is headlined "Will the Top U.S. Banks Be Forced To Cover Large Short Gold Positions?" and you can find it at GoldSeek here:
http://news.goldseek.com/GoldForecaster/1248483600.php
CHRIS POWELL, Secretary/TreasurerGold Anti-Trust Action Committee Inc.* * *
Join GATA here:
The Silver Summit 2009Thursday-Friday, September 24-25, 2009Davenport Hotel, Spokane, Washington
http://thesilversummit.com
Toronto Resource Investment ConferenceSaturday-Sunday, September 26-27, 2009Intercontinental Hotel, Toronto, Ontario, Canada
http://www.cambridgeconferences.com/ch_tor2009.html
New Orleans Investment ConferenceThursday-Sunday, October 8-11, 2009Hilton New Orleans Riverside Hotel, New Orleans, Louisiana
http://www.neworleansconference.com/
* * *Support GATA by purchasing a colorful GATA T-shirt:
http://gata.org/tshirts
* * *
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
http://www.gata.org

Jul 22, 2009

Four Extraordinary Technical Analysis Upadated Videos, To View it Now

1.-How should you have traded goldman?
http://www.ino.com/info/412/CD3233&dp=0&l=0&campaignid=3

2.- Pre-earnings Apple Analysis:
http://www.ino.com/info/408/CD3233/&dp=0&l=0&campaignid=3

3.-The cyclic pattern of gold:
http://www.ino.com/info/410/CD3233/&dp=0&l=0&campaignid=3

4.- What is the best strategy for USA Oil:
http://www.ino.com/info/409/CD3233/&dp=0&l=0&campaignid=3

¡¡¡¡¡The best for all of you!!!!!

Fernando Guzmán Cavero
FGC BOLSA - FGC FINANCIAL MARKETS

Revisiting and reanalyzing the USD/JPY: By Adam Hewison

This is an update from Adam Hewison of the the pair USD/YEN for forex traders. This update is related to the analysis of July, 10 2009. It is of great importante to make a follow up in this forex pair.

Is analyzed using diferent methodologies, Fibonacci, MACD, and The Trade Triangle Tecnology of Market Club.:

You can view this video, as always with our compliments .

http://www.ino.com/info/411/CD3233/&dp=0&l=0&campaignid=3


¡¡¡¡¡¡ DO NOT MISS IT!!!!

Fernando Guzmán Cavero

FGC BOLSA -FGC FINANCIAL MARKETS

Jul 21, 2009

European own credit, a banking preview

This is a very interesting article Posted by Tracy Alloway on Jul 21 09:25. FT.com blog Alphaville blog
"Second-quarter earnings for some of Europe’s biggest banks are fast approaching and with them a host of probable questions for investors."



To read full coverage of this article please go to .

ETF that closely tracks Natural Gas (Latest Video) : By Adam Hewison

Hello Everyone!!! This time, Adam analyzes, the United States Natural Gas Fund. It is very interesting watching the sell and buy signals the Trade Triangle Tecnology of Market Club points out.
In this market you can trade for the long and the short sides. Please read and view what Adam has now to teach us

¡¡¡Take your time and relax yourself!!!

FERNANDO GUZMÁN CAVERO

FGC BOLSA - FGC FINANCIAL MARKETS



In today’s video I will be looking at an ETF that closely tracks the natural gas market. The United States Natural Gas Fund (PACF_UNG) is one of the more popular energy ETFs and a could be a great market to add to your portfolio as the “Trade Triangles” are catching profits from the spectacular moves.


http://www.ino.com/info/407/CD3233/&dp=0&l=0&campaignid=3

In this short video I’m going to show you how our “Trade Triangle” Technology outperformed one of the smartest investors on the planet. I am of course referring to the legendary oilman T. Boone Pickens. I’m using his own results for his hedge fund BP Capital Management LP.

Check out his results here. Starting from March of 2008 with our results starting at the same time. I will let you draw your own conclusions on this one.


You can watch this video with our compliments:

http://www.ino.com/info/407/CD3233/&dp=0&l=0&campaignid=3


All the best,

Adam Hewison
President, INO.com
Co-creator, MarketClub









Jul 20, 2009

Fwd: Stockhouse @ the Bell: U.S., Canadian stocks extend gains; commodities climb



---------- Forwarded message ----------
From: Stockhouse @ the Bell <AtTheBell@members.stockhouse.com>
Date: Mon, Jul 20, 2009 at 4:45 PM
Subject: Stockhouse @ the Bell: U.S., Canadian stocks extend gains; commodities climb
To: fgcfinanzas@gmail.com


Visit Stockhouse
   
Stockhouse @ the Bell: U.S., Canadian stocks extend gains; commodities climb

Monday, Jul 20, 2009
Dear Stockhouse Member,
 

The Dow climbed for a sixth straight session on upbeat earnings reports, while the TSX surged more than 170 points. Here's a quick rundown of the top news on Stockhouse for Monday and a look ahead to Tuesday's trading.

This Stockhouse @ the Bell is sponsored by
SNS Silver Corp SNS Silver Announces Major Development Re: Sunshine Mine
more
 

Today on Stockhouse

Your opinion matters. Submit an article to Stockhouse today at submissions@stockhouse.com. Submission guidelines can be found here.

In Stockhouse subscriber service Ticker Trax, Thom Calandra lists the next five events for peramivir developer BioCryst Pharmaceuticals (BCRX). He also names an Instant Value candidate.

If only all businesses were lucky enough to be big banks, says Sy Harding.

Supply side economics: How is gold going to fare this year? asks Doug Hornig.

In today's Got Gold Report by Gene Arensberg: NatGas in the crosshairs.

Dr. George Huang of Growth Stock Wire discusses a small-cap Canadian biotech stock worth a hard look.

Buzz on the Boards stopped by the Labopharm (TSX: DDS; Stock Forum) and Canadian Hydro Developers (TSX: T.KHD, Stock Forum) Bullboards.

Top Bullboards post: "If price of oil holds $65 today...! we could run to the previous high of $73. I think we'll stall at $75 however unless fundamentals start kicking in or hurricane season becomes accentuated. Inventory numbers this week could propel oil a lot higher if they are similar to last week's decline because sentiment is in our favor, for now!" – From techinfo on the Horizons BetaPro NYMEX Crude Oil Bull Plus ETF (TSX: T.HOU, Stock Forum) Bullboard.

Top Bullboard: Premium Exploration (TSX: V.PEM, Stock Forum) had the most posted Bullboard on Stockhouse Monday.

Top blog: "Commercial mortgages, mortgage re-sets to trigger next U.S. down-leg," says littleguy123 on the Outside the Market blog.

For news about small stocks that made big moves in Monday trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.

Word on Wall Street

"The main reason the market has been fairly strong is we haven't had any major disappointments in earnings," Joe Keetle, senior wealth manager at Dawson Wealth Management told the Associated Press.

Selected expected U.S. earnings releases for Tuesday
(Consensus Estimates vs. Last Year)
Apple Inc. (NASDAQ: AAPL) Q3 $1.16 vs. $1.19
DuPont (NYSE: DD) Q2 $0.53 vs. $1.18
Starbucks (NASDAQ: SBUX) Q3 $0.19 vs. $0.16
The Coca-Cola Company (NYSE: KO) Q2 $0.89 vs. $1.01
Yahoo, Inc. (NASDAQ: YHOO) Q2 $0.08 vs. $0.10

Selected expected Canadian earnings releases for Tuesday
(Consensus Estimates vs. Last Year)
Toromont Industries (TSX: T.TIH) Q2 N/A vs. $0.51
West Fraser Timber Co. (TSX: T.WFT) Q2 n/a VS. $0.08
 

Today In The Markets

TSX extends rally on higher commodities, easing worries about CIT Group

DJIA 8,848.15 +104.21
NASDAQ 1,909.29 +22.68
S&P500 951.13 +10.75
S&P/TSX 10,540.71 +171.29
S&P/TSX Venture 1,118.09 +22.47

TORONTO, NEW YORK (CP) - The Toronto stock market finished sharply higher Monday, extending its winning streak to six sessions on the likelihood that a major U.S. financial institution will avoid bankruptcy while improving sentiment send commodity prices higher.

The S&P/TSX composite index jumped 171.29 points to 10,540.71, following a surge of more than six per cent last week as a string of U.S. earnings reports raised hopes for an economic recovery.

The TSX Venture Exchange climbed 22.47 points to 1,118.09.

Encouraging outlooks from Goldman Sachs Group and Bank of America also helped sent New York markets higher as the Dow Jones industrials rose 104.21 points to 8,848.15.
The Nasdaq composite index climbed 22.68 points to 1,909.29 while the S&P 500 index was ahead 10.75 points to 951.13.

Please click here for the current U.S. and Canadian market summaries.

After-Hours News

Texas Instruments (NYSE: TXN)
The company reported second-quarter revenue of $2.46 billion, net income of $260 million and earnings per share of 20 cents after market close on Monday. Excluding restructuring charges of $85 million, Texas Instruments says its operating profit was $428 million in the second quarter, or 17.4% of revenue, and EPS was 25 cents.

Canadian National Railway (TSX: T.CNR)
Dia Bras Exploration (TSX: V.DIB), after After Monday's market close, CN reported its results for the second quarter, including net income, which declined to C$387 million, or 82 cents per share from year-earlier net income of C$459 million, or 95 cents per diluted share, as a result of depressed North American and global economies driving lower volumes. Revenues declined 15% to C$1,781 million.

RESEARCH SCAN

Fundamental Research releases update on Canadian Zinc (TSX: CZN)
Fundamental Research releases update on Canadian Zinc (TSX: CZN) The full report is available free for a limited time at www.researchfrc.com.



By viewing any material on or distributed by Stockgroup Media Inc. and its Information Providers you agree to both the following disclaimer, and the full disclaimer that can be viewed here.
Any holdings, theories, speculation or trades appearing anywhere on the Stockgroup network of websites should not be relied upon for purposes of transacting securities or other investments, nor should they be construed as an offer or solicitation of an offer to sell or buy any security. This applies to any material regardless of source, placement, presentation or reproduction. Any Information Providers to Stockgroup or employees of Stockgroup may from time to time have positions in the stocks or other entities mentioned anywhere on the Stockgroup Network of websites. You bear responsibility for your own investment research and decisions and should seek the advice of a qualified securities professional before making any investment. Stockgroup and its contributors makes no guarantee as to the validity of any information, speculation, theories or research presented herein whether pertaining to the past, present or future. The Service and The Materials are provided by Stockgroup and other Information Providers on an "as is" basis, and Stockgroup and other Information Providers expressly disclaim any and all warranties, express or implied, including, without limitation, warranties of satisfactory quality and fitness for a particular purpose, with respect to the service or any materials and products. In no event shall Stockgroup and other Information Providers be liable for any direct, indirect, incidental, punitive, or consequential damages of any kind whatsoever with respect to The Service, The Materials, and The Products.

This Stockhouse @ theBell is sent on a request basis only. To unsubscribe from Stockhouse @ theBell
please click here to provide your email address.

 



--
Fernando Guzmán

Technical Tips from Dan Gramza

Hello everyone, this is Dan Gramza and welcome to Gramza Market Studies Technical Tip.

Well today we're going to be talking about selling rallies. Now what does it mean when people say, "sell the rally" when you want to get into a trade? Or they sell a pull back? Or you hear things like, "The Trend Is Your Friend?"Well we're going to explore this here in just a minute.

I want to show you the technique and I want to show you some examples of how these markets behave in those settings.I want to show you an example, but before I can talk to you too much about this example I need to define a few things for you. First candles... the approach that I use with Japanese candle charts, and that is what you're looking at here, is not the standard approach. So from myperspective, I don't focus on patterns, I focus on behavior. If we see a green candle that represents buying, that means that the closing price is higher than the open. If you see a red box that represents selling it means that the closing price is below that opening price. If you see a white line on top that's called a shadow, I think that represents selling. If you see awhite line on the bottom that represents buying. Now with that in mind, thesizes of the bodies and the shadows tell us about the degree of buying orselling. Now let's talk about this set-up here...To get the rest of the tips, please visit the link below and WATCH me!
http://www.ino.com/info/36/CD3233/&dp=0&l=0&campaignid=9

Jul 19, 2009

What is Golds current trading range? By Adam Hewison

This is an advance of what could happen with the price of gold this week.The analysis goes back to August 2007,. This market basically is traded 24/7 days a week, with a small trading on Saturdays in the Hong Kong market. You will see an outstanding analysis of this market with the honestly and transparency of Adam Hewison. This time he uses the trend line with resistance levels, the MACD (moving average convergence divergence), the Fibonacci tool and of course the Trade Triangle Technology Tool.... This is an analysis that will help you to take a decisons, on in the gold market. Below is the transcript of Adam's e-mail and link to view his analysis.... do not miss it!!!!

Fernando Guzmán Cavero
FGC BOLSA - FGC FINANCIAL MARKETS.

In today’s video we’ll be looking at gold.

One of the nice features about MarketClub is the fact that we have real-time gold prices. If you’re going to be trading or looking at gold (XAUUSDO) you need real-time prices.

After a spectacular run-up in gold values in the last decade, gold prices have slowed down and have entered into a broad trading a range. In today’s video I will be looking at what are the likely scenarios that come out of this 14 month trading range.

This week (starting 7/20) could be enormously important for the yellow metal as a key level is within striking distance which will kick this market into action. In this video I give you a specific level that I am watching personally in this market.

http://www.ino.com/info/406/CD3233/&dp=0&l=0&campaignid=3

All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub

Jul 17, 2009

Forbes.com: "Financial Strategy False Bottoms"

A. Gary Shilling, 07.15.09, 06:00 PM EDT
Forbes Magazine dated August 03, 2009
The recession is not over. Investors will soon return to worrying about deflation and weak share earnings.


To read full article click:
http://www.forbes.com/forbes/2009/0803/economy-housing-stocks-financial-strategy.html?partner=financial_newsletter

Jul 16, 2009

Forbes.com alerts:"Finance Glance Final Companies"

Click the link below to read the full story:

http://www.forbes.com/feeds/ap/2009/07/16/ap6665835.html?partner=alerts

Battle of the EUR vs USD…who’s the winner? By Adam Hewison

Adam gives us a great analysis of who might be the winner in this battlle between the EURO and USD in the Forex Market:
Fernando Guzmán Cavero
FGC BOLSA - FGC FINANCIAL MARKETS


Today I’ll be looking at the Euro versus the US dollar.

The big question is, are all the “Trade Triangles” lined up for this trade? The answer is yes, and then some. In my new video I step you through a detailed analysis of this market.

You will see how I measure moves and how this particular move could be a really good one. I will also share with you how MarketClub’s charts can help you determine price swings in the market.
You can watch this video with my compliments and there is no registration requirements.

http://www.ino.com/info/405/CD3233/&dp=0&l=0&campaignid=3

All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub

Forbes.com Alerts"Lending flat in May among top banks in bailout"

Click the link below to read the full story:

http://www.forbes.com/feeds/ap/2009/07/16/ap6664738.html?partner=alerts

Jul 15, 2009

Important Dow Update, July 14th : By Adam Hewison

In today’s short video I am going to be revisiting the Dow Jones Industrial index (DJI).

http://www.ino.com/info/403/CD3233/&dp=0&l=0&campaignid=3

I think it’s very interesting to see what our “Trade Triangles” are doing as well as what our Talking Charts are saying about this market.
I’ll also be using MarketClub’s Fibonacci tool. If you have not seen this tool in action, I strongly recommend that you watch today’s video.
You can watch this video with my compliments and there is no registration requirements.

http://www.ino.com/info/403/CD3233/&dp=0&l=0&campaignid=3


All the best,
Adam Hewison

President, INO.com
Co-creator, MarketClub

Exploring Dollar Index: by Adam Hewison

While the US dollar was supposed to lose ground against its counter parties, the market has remained surprisingly stubborn and trapped in a sideways trading range.In today’s video I will explore what’s going on, and where I think this market is headed in the future.You can watch this video with my compliments and there is no registration requirements.

http://www.ino.com/info/404/CD3233/&dp=0&l=0&campaignid=3

All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub

Jul 13, 2009

Crude Oil & Energy Update - Interview with the CME Group's Joseph Ria

When you hear the news reporters talk about the price of> crude oil in the marketplace, they're generally talking about> WTI, which is West Texas Intermediate crude oil. It's a very> light, sweet crude oil and the highest grade that's out there.> Crude oil is based on and priced on the amount of sulfur that's> in the oil. It makes it easier or harder to refine base on the> amount of sulfur. WTI being the lightest and sweetest, is the> highest priced crude oil in the marketplace.

It is a benchmark delivered in Cushing, Oklahoma.

In benchmarks for crude oil and global pricing of crude oil, WTI probably prices about 50% of the global pricing of crude oil.> Brent being basically the other pricing benchmark. There's two> out there, Brent being a little of a mixture of three different> grades of crude oil; BF&O, Brent 40 and Ossenberg. They're> all produced in the North Sea.

Please visit the link below to stream live the rest of the complimentary article from Joseph Ria. The link below will also give you exclusive access to three more video seminars and articles!

http://www.ino.com/info/36/CD3233/&dp=0&l=0&campaignid=9


Fernando Guzmán Cavero
FGC BOLSA - FGC FINANCIAL MARKETS

Forbes.com Alerts: "Shaky Foundation For Bank Earnings"

Most of the big six should report profits, but with the economy and deal activity weak, all is far from well on Wall Street.
Click the link below to read the full story:


http://www.forbes.com/2009/07/13/goldman-morgan-citi-business-wall-street-earnings.html?partner=alerts

Gata Dispatches:"Gene Arensberg: U.S. banks still dominate gold, silver shorts"

Submitted by cpowell on 11:09AM ET Monday, July 13, 2009. Section: Daily Dispatches 2:07p ET Monday, July 13, 2009Dear Friend of GATA and Gold:Gene Arensberg's new "Got Gold Report," abbreviated from Brien Lundin's Gold Newsletter (http://www.GoldNewsletter.com), has been posted at Stockhouse and in addition to updating the short position of the few investment banks that have been suppressing precious metals prices, it notes discussion at the U.S. Commodity Futures Trading Commission about imposing some meaningful position limits. Arensberg's commentary is headlined "U.S. Banks Still Dominate COMEX Gold, Silver Shorts" and you can find it at Stockhouse here:http://www.stockhouse.com/Columnists/2009/Jul/13/U-S--banks-still-domina...Or try this abbreviated link:http://tinyurl.com/n63e9qCHRIS POWELL, Secretary/TreasurerGold Anti-Trust Action Committee Inc.
* * * Join GATA here:The Silver Summit 2009Thursday-Friday, September 24-25, 2009Davenport Hotel, Spokane,
Washingtonhttp://thesilversummit.com
Toronto Resource Investment Conference
Saturday-Sunday, September 26-27, 2009Intercontinental Hotel,
Toronto, Ontario,
Canadahttp://www.cambridgeconferences.com/ch_tor2009.html
New Orleans Investment ConferenceThursday-Sunday, October 8-11, 2009Hilton New Orleans Riverside Hotel, New Orleans,
Louisianahttp://www.neworleansconference.com/
* * *Support GATA by purchasing a colorful GATA T-shirt:http://gata.org/tshirts
* * *Help keep GATA goingGATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code.
Its e-mail dispatches are free, and you can subscribe at:http://www.gata.orgTo contribute to GATA, please visit:
http://www.gata.org/node/16
Contact GATAinfo@gata.org
Gold Anti-Trust Action Committee
7 Villa Louisa RoadManchester, Connecticut06043-7541 USA
www.gata.org

Jul 11, 2009

Forex Video - What’s up with the currency from down-under? By Adam Hewison

This time Adam analyses the forex market : The Aud in relation with the USD. As I always say: Adam, contributes with forex traders old and new traders ,students in economics, finance... and investors in Forex and stock markets using the Tecnical Analysis to evaluate the pesrpective of demand and supply using diferent methodologies such as The Trade Triangle Technology , the Fibonacci and other well known tools by the investors community,that provides us with the insight of what might happen with prices, indeed from a price trend and its knowledge. Below is Adam e-mail transcription.

Fernando Guzmán Cavero.

FGC BOLSA - FGC FINANCIAL MARKETS


BY: ADAM HEWISON

We are taking a trip down under today.


It has been sometime since we last looked at the relationship between the US dollar and the Australian dollar (USD/AUD). Today seemed like an opportune time to look at this cross and to figure out where it is headed using our “Trade Triangle” technology.


We’re also using MarketClub’s Fibonacci tool. If you have not seen this tool in action, I strongly recommend that you watch today’s video.




You can watch this video with my compliments and there is no registration requirements. I would love to get your feedback about this video on our blog.

All the best,

Adam Hewison
President,
INO.com
Co-creator, MarketClub








Jul 9, 2009

Adam Hewison: "How low can crude oil go?"

Adam analyses the crude oil. In this video he uses the Fibonacci metodology and the Trade Triangle Technology, to let us know what could happen with the price of crude oil. Below is the transcript of Adam's e-mail. Do not miss it . every day Adam contributes to increase our Technical analysis knowledge.!!!!!!





Fernando Guzmán Cavero


FGC BOLSA - FGC FINANCIAL MARKETS








After trading as high as $73 a barrel, crude oil began to buckle under pressure as the CFTC began to look into position limits that can be held by traders.

What’s happening now is giving speculation a bad name. Speculators form a very important task in assuming risk that is being transferred from either a producer or an end-user. Without this transfer of risk, which couldn’t take place without the speculator taking the other side of the trade, prices would be artificial at best. This approach has worked for hundreds of years and over a century here in the US.

Now back to crude oil…

In my new video you will see what has happened to crude oil in the last eight days. You’ll will also see what I believe will be the area that crude oil will find support.

You can watch this video with my compliments and there is no registration requirements. I would love to get your feedback about this video on our blog.

http://www.ino.com/info/399/CD3233/&dp=0&l=0&campaignid=3

All the best,

Adam Hewison
President, INO.com
Co-creator, MarketClub








New Program on FORA.tv -- John Bogle Condemns Managerial Capitalism

Fernando55 (fernandoguzman@contratosforex.info) has sent you the following program from FORA.tv:
success
John Bogle Condemns Managerial Capitalism
-
John Bogle, founder and retired CEO of The Vanguard Group, holds the managers of mutual funds liable for the financial crisis.

He blames the "sea change" in the nature of capitalism -- from "traditional owner's capitalism" to a "new and virulent manager's capitalism" -- for the financial crisis.

Fernando55 also wanted you to know:
Fora TV " the World is Thinking" View this video and let me know your point of view

Jul 8, 2009

[FWD: NFA permanently bars Florida introducing broker, Vanguard Trading Group]

 
 
 
Fernando Guzmán Cavero
 
 
 
 
Dirección: Ricardo Tizón y Bueno 458
Lima 11 - Perú
Teléfono / Telephone :(511) 261- 4058 / 9950-91241
 

 

-------- Original Message --------
Subject: NFA permanently bars Florida introducing broker, Vanguard
Trading Group
From: NFA Notification <NFAN@NFA.Futures.Org>
Date: Wed, July 08, 2009 2:32 pm
To: "'fernandoguzman@contratosforex.info'"
<fernandoguzman@contratosforex.info>

For Immediate Release

For More Information Contact:
Larry Dyekman (312) 781-1372, ldyekman@nfa.futures.org
Karen Wuertz (312) 781-1335, kwuertz@nfa.futures.org

NFA permanently bars Florida introducing broker, Vanguard Trading Group

July 8, Chicago - National Futures Association has permanently barred from NFA membership Vanguard Trading Group(Vanguard), an Introducing Broker located in Pembroke Pines, Florida. NFA also barred Giovan R. Gordon, president and associated person of Vanguard, from NFA membership for a period of 30 months and ordered him to pay a fine of $10,000 if, after the thirty-month membership bar, he reapplies for NFA membership or associate membership, or becomes a principal of an NFA Member. The Decision, issued by an NFA Hearing Panel, is based on an NFA Complaint filed in December 2008 and a settlement offer submitted by Vanguard and Gordon.

The Panel found that Vanguard and Gordon had failed to cooperate with NFA by not providing all of Gordon's personal bank records per NFA's request to determine if Gordon or another individual had provided the initial capital for the firm.

The complete text of the Complaint and Decisioncan be found on NFA's website (www.nfa.futures.org)

NFA is the premier independent provider of innovative and efficient regulatory programs that safeguard the integrity of the futures markets.


You are receiving this message because you subscribed to the email subscription list on NFA's Website. To cancel or change your subscription at any time, visit the Email Subscriptions page on our Website at www.nfa.futures.org/news/subscribe.asp.

ADAM HEWISON: "The dow begins to look extremely heavy"

In this video that Adam Hewison sends us,in which he analyses the dow, and explains us the formation of the trend and, by using the Fibonacci method, the potential direction and the course that the the Dow jones Industrial average might take.



You will get the insights of how to analyze the Dow. This is very important, as Adam points out : " The Dow begins to look extremely heavy". View it:


This video goes on my own,it is free to watch, and the most important : what you will get from this video??? The answer is : an increase of your knowledege. So Do not miss it!!!. View it :

http://www.ino.com/info/396/CD3233/&dp=0&l=0&campaignid=3





Fernando Guzmán Cavero


FGC BOLSA - FGC FINANCIAL MARKETS

Gata Dispatches:"GATA issues press release on letters to SEC and CFTC"

Submitted by cpowell on 08:46AM ET Wednesday, July 8, 2009. Section: Daily Dispatches GATA Urges SEC, CFTC to Investigate Goldman Sachs' Trading ProgramPress Releasevia Business WireWednesday, July 8, 2009http://www.businesswire.com/portal/site/google/?ndmViewId=news_view&news...The Gold Anti-Trust Action Committee has urged the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission to investigate the computer trading program of Goldman Sachs Group Inc. that, according to a federal prosecutor, the bank acknowledges can be used to manipulate markets. GATA's complaint to the two commissions refers to a July 6 Bloomberg News story --http://www.bloomberg.com/apps/news?pid=20601087&sid=a_6d.tyNe1KQ -- reporting the arraignment in U.S. District Court in New York of a former Goldman Sachs employee accused of stealing the program. The prosecutor, Assistant U.S. Attorney Joseph Facciponti, was quoted as telling the court: "The bank has raised the possibility that there is a danger that somebody who knew how to use this program could use it to manipulate markets in unfair ways." In its letters to the SEC and CFTC, GATA wrote: "The assistant U.S. attorney's comment can be construed to suggest Goldman Sachs considers its own manipulation of markets to be fair, while such manipulation by others would be unfair. The court proceeding described in the Bloomberg News story would seem to impugn all markets in which Goldman Sachs trades." GATA asked each commission "to investigate Goldman Sachs' trading program urgently and report its findings publicly." GATA is an educational and civil rights organization that seeks to restore free markets to the precious metals. The text of GATA's letters is appended.* * * GOLD ANTI-TRUST ACTION COMMITTEE INC.7 Villa Louisa Road, Manchester, Connecticut 06043-7541 July 7, 2009 Gary Gensler, ChairmanU.S. Commodity Futures Trading Commission3 Lafayette Centre1155 21st St., N.W.Washington, D.C. 20581 Mary L. Schapiro, ChairmanU.S. Securities and Exchange Commission100 F St. N.E.Washington, D.C. 20549 Dear Chairman Gensler / Dear Chairman Schapiro: I'm enclosing a copy of a report distributed July 6 by Bloomberg News Service about the U.S. government's prosecution of a former employee of Goldman Sachs Group Inc. involving the purported theft of a Goldman Sachs computer trading program. The report quotes Assistant U.S. Attorney Joseph Facciponti as saying in U.S. District Court in New York City: "The bank has raised the possibility that there is a danger that somebody who knew how to use this program could use it to manipulate markets in unfair ways." If the report quotes the assistant U.S. attorney correctly, and if he was characterizing Goldman Sachs' position correctly, then Goldman Sachs claims to have possession of a computer trading program that can manipulate markets. The assistant U.S. attorney's comment can be construed to suggest Goldman Sachs considers its own manipulation of markets to be fair, while such manipulation by others would be unfair. The court proceeding described in the Bloomberg News story would seem to impugn all markets in which Goldman Sachs trades. On behalf of the Gold Anti-Trust Action Committee Inc., I ask your commission to investigate Goldman Sachs' trading program urgently and report its findings publicly. Thanks for your consideration. With good wishes. CHRIS POWELLSecretary/Treasurer
* * * Join GATA here:The Silver Summit 2009Thursday-Friday, September 24-25, 2009Davenport Hotel, Spokane, Washingtonhttp://thesilversummit.comToronto Resource Investment ConferenceSaturday-Sunday, September 26-27, 2009Intercontinental Hotel, Toronto, Ontario, Canada
http://www.cambridgeconferences.com/ch_tor2009.htmlNew Orleans Investment ConferenceThursday-Sunday, October 8-11, 2009Hilton New Orleans Riverside Hotel, New Orleans,
Louisianahttp://www.neworleansconference.com/
* * *Support GATA by purchasing a colorful GATA T-shirt:http://gata.org/tshirts
* * *Help keep GATA goingGATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code.
Its e-mail dispatches are free, and you can subscribe at:
http://www.gata.org
To contribute to GATA, please visit:
http://www.gata.org/node/16
Contact GATAinfo@gata.org
Gold Anti-Trust Action Committee
7 Villa Louisa RoadManchester,
Connecticut06043-7541 USA
www.gata.org