Viernes 31/12/10 Feliz anio Nuevo!!

[El_Diez]

Toda esta semana el SP 500 casi se ha movido plano, no ha podido superar la resistencia de 1265, no me esta gustando eso

[admin]

Y esto se acabo.

El Dow Jones sube 7.80 puntos a 11,577.51 puntos o 11% en el anio. Nada mal considerando las crisis que tuvimos este anio.

Feliz Anio!!!

[El_Diez]

Creo yo que el lunes habrá mas claridad sobre que dirección estan tomando los índices de USA para el corto plazo.

[El_Diez]

Candente Gold a 1 dólar , no lo puedo creer que manera mas extraordinaria para mi de cerrar este año 2010,……….. Gracias Dios Gracias

[Carlos38]

Para todos los miembros del foro y muy especialmente para Aguila un FELIZ AÑO 2011, espero que este nuevo año nos traiga salud para todos nosotros y nuestros seres queridos; el resto corre por cuenta nuestra.
FELIZ AÑO NUEVO.

[goodprofit]

Feliz año nuevo amigos de este foro, no puedo dejar de incluirme en este grupo aunque todavia soy novata. (recien empezè a invertir a inicios de este año) A sido duro, debo reconocerlo, porque entrè màs con entusiasmo que con conocimientos pero he aprendido un montòn, gracias a los aportes de los muchachos del foro y a nuestra amiga admin, con cuyos conocimientos me nutrì cada mañana, creo haber cometido casi todos los errores, pero gracias a Dios solo a fines de este año he logrado grandes frutos con mis DNT Y RIO, asi es que estoy muy contenta porque valiò la pena. y de nuevo MUCHAS, MUCHAS GRACIAS por este foro, espero que el nuevo año nos permita seguir creciendo y avanzando.

[admin]

Carlos, muchos exitos en este anio 2011, recibe un abrazo cordial de mi parte. No te pierdas!!

[admin]

Goodprofit, gracias por participar, mucha suerte para el proximo anio. Felicitaciones por tus mejorias!!

Saludos,

[admin]

El oro gana cerca del 30% en el 2010

Los futures del oro terminaron con un decimo anio consecutivo de ganancias anuales y con expectativas de que obtendra nuevos records el proximo anio.

El metal termino firmemente arrriba de $1,400 el ultimo dia de negociacion en el 2010 cerrando ganancias del 29.7% en el anio, el avance mas grande en tres anios.



Gold Gains Nearly 30% in 2010
By TATYANA SHUMSKY
NEW YORK—Gold futures finished the year with a 10th consecutive annual gain amid expectations for new record highs next year.

The metal closed firmly above the $1,400 mark on the last trading day of 2010 and locked in a 29.7% gain for the year, the largest in three years.

Gold prices were soaring Friday.
.The most actively traded contract, for February delivery, settled up 1.1%, or $15.50, at $1,421.40 per troy ounce on the Comex division of the New York Mercantile Exchange.

Trading volume was low because as many traders took off the week between Christmas and the New Year.

The thinly traded contract for gold for January delivery was up 1.1%, or $15.50, at $1,421.10 per troy ounce.

A weaker dollar boosted gold prices Friday, as dollar-denominated gold appears cheaper to buyers using foreign currencies when the dollar eases.

Currency concerns have been a major factor funneling investment funds towards the yellow metal throughout 2010. Worries about the financial health of some euro-zone nations and large stimulus spending in the U.S. resulted in a particularly volatile year for both the euro and the dollar. That left investors seeking a safe harbor in gold, which is often seen as an alternative currency.

.Gold also has benefited from global inflation concerns. Chinese investors ramped up their gold purchases throughout 2010 as inflation picked up, even as the government implemented a number of measures to slow economic growth and rein in prices.

Meanwhile, fiscal and monetary stimulus in the U.S. prompted many investors to purchase gold to guard against long-term inflation.

"It seems as if all the drivers for gold are still there and we can certainly look forward to more currency volatility, more political instability and more fiscal irresponsibility," said Frank Lesh, broker and futures analyst at FuturePath Trading.

Still, analysts questioned the likelihood that gold will log similar gains in 2010.

"We're starting the year awfully red hot and coming from a big run-up, so we may need to shake some things up before we move up again," said Sterling Smith, analyst at Country Hedging.

Investment demand for gold has slowed as prices rallied to record highs in recent months. The volume of gold held by exchange-traded funds, considered a proxy for investment demand, has risen at a slower pace, though volumes remain near record levels.

The largest gold ETF, SPDR Gold Shares, holds 1,280.72 metric tons of the precious metal and is considered the largest private holder of gold.

In terms of overall performance, the yellow metal was outshone by its white cousins, palladium and silver, in 2010.

Palladium futures capped off the year with a 96.5% gain, reaching a fresh nine-year high, as the recovering automotive sector boosted demand across the world. Palladium is widely used in catalytic converters, which filter exhaust fumes in gasoline engine systems.

"The U.S. and European car markets have kicked back to normal gear, and all the other parts of the world are coming along," including demand in India and China, said Jon Nadler, senior analyst with Kitco Metals Inc.

The most actively traded palladium contract, for March delivery, settled up 2.2%, or $17.10, at $803.30 per troy ounce.

Emerging concerns about palladium supply have also lifted prices in recent weeks. The palladium market has long relied on Russian government sales to augment annual production, but those stockpiles are forecast to be near exhaustion.

"If no shipments of Russian state stocks of palladium take place in 2011, the palladium market could be substantially in deficit," industry consultancy Johnson Matthey said in its 2010 annual review.

Silver futures ended the year at a new 30-year high Friday, up 83.7% this year. The metal has gained from spillover investment demand as gold soared outside of some investors' budgets.

"Given the big demand for gold, silver is going to be a natural benefactor," Mr. Smith said.

The most actively traded silver contract, for March delivery, settled up 1.4%, or 42.4 cents, at $30.937 per troy ounce.

The contract reached an intraday high of $30.975, the highest price since 1980, when the Hunt brothers of Texas famously attempted to corner the silver market and pushed prices above $40 per troy ounce.

Platinum lagged precious metals in 2010, locking in an increase of just 20.9% on the year. The white metal is widely used in catalytic converters for diesel engines, as well as in oil-refining equipment.

The most actively traded contract, for April delivery, settled up 1.7%, or $28.90 higher, at $1,778.20 per troy ounce.

[admin]

El cobre termina el 2010 con precios record.

El cobre termino el 2010 con una ganancia cerca del 33% debido al poco volumen y la debilidad del dolar.

El contrato de futures mas activo, para entregra en Marzo cerro up 1.9% o 8.45 cents, a $4.4070, el intraday mas alto fue de $4.4520. (precio mas alto en el dia)

Copper Finishes 2010 at a Record

By TATYANA SHUMSKY
NEW YORK—Copper ended 2010 at a record, locking in a near 33% gain for the year amid dollar weakness and thin trading volumes.

The most actively traded copper futures contract, for March delivery, settled up 1.9%, or 8.45 cents, at $4.4470 a pound, a record settlement price. The contract also set an intraday high of $4.4520.

The thinly traded January copper contract was up 1.9%, or 8.3 cents, at $4.4395 per pound on the Comex division of the New York Mercantile Exchange.

Copper prices drew strength from a weaker dollar, which eased versus the euro on the final day of the year. This is a continuation of a trend seen for much of the year. Commodities such as copper are dollar-denominated, so it is easier for buyers using foreign currencies to bid up prices when the greenback falls. The euro was at $1.3358 in mid afternoon, compared with $1.3295 late Thursday.

View Full Image

ChinaFotoPress/Zuma Press

Copper prices are up for a second consecutive year, though this year's gains of 32.9% are overshadowed by 2009's record gain of 138.5%. Here, a copper tube workshop of Zhejiang Hailiang in Shaoxing, Zhejiang province of China in September.
.Copper's jump on Friday was exacerbated by low trading volumes. As the number of market participants falls, individual trades tends to have an outsized influence on overall prices.

"Copper's dropped into missile mode here," said Sterling Smith, analyst at Country Hedging. "The lack of people selling into it is exacerbating the rally."

Copper prices are up for a second consecutive year, though this year's gains of 32.9% are overshadowed by 2009's record gain of 138.5%.

The industrial metal's record-breaking rally this year began in July as a stronger-than-expected recovery in industrial demand awakened concerns about supplies.

Analysts forecast copper consumption will outpace supply in 2011 as the global economic recovery ramps up. Copper is ubiquitous in construction and manufacturing, and is a key component in heating and cooling systems, electrical wiring and plumbing.

The International Copper Study Group forecasts a copper deficit of 435,000 metric tons in 2011. This would be the first deficit in three years, during which global copper production has averaged around 18 million tons, according to ICSG data.

Prices are expected to receive further support from the emergence of exchange-traded funds backed by physical copper. Such ETFs were created to make it easier for investors to bet on metals that have historically been the domain of merchant traders, miners and fabricators. Some fear that if speculative investors start to hoard copper, less will be left for commercial use, thus pushing up prices.

"We have these new ETFs coming in copper and people are front-running that expected buying," said Frank Lesh, broker and futures analyst at FuturePath Trading.

The tight supply and demand balance was underscored this November, when it emerged that one trader amassed a dominant position in London Metal Exchange copper inventories. One party currently holds between 80% and 90% of the 377,550 metric tons of copper stored in LME-approved warehouses. The exchange is monitoring the trader closely but so far the position has had little impact on prices.

Declining output from established mines underpins the broader supply worries. Mines in Chile, long the world's top copper producer, are seeing their deposits exhausted. New projects are too small and few in number to make up for the shrinking volumes. In addition, the possibility of supply disruptions is fresh in the minds of market participants.

The Dona Ines de Collahuasi mine was unable to fulfill contractual obligations to ship copper following a fatal accident at its port last week. This comes shortly after the 33-day labor strike at Collahuasi, which accounts for about 3% of annual world supply.

[admin]

El petroleo gano 15% en el 2010

Cerro a $91.08 marcando el rumbo para los $100 y mas el proximo anio.

Oil Prices Gain 15% in 2010

By JERRY A. DICOLO
NEW YORK—Crude-oil futures settled above $91 a barrel on the last day of 2010, charting a course toward $100 and beyond in the new year.

Light, sweet crude for February delivery settled up $1.54 at $91.38 a barrel on the New York Mercantile Exchange, after hitting a fresh a two-year intraday high of $92.06 a barrel. The front-month contract gained $12.02, or 15.1% for the year, its second consecutive annual gain and the eighth in the last nine years.

Brent crude for February delivery on the ICE futures exchange settled $1.66 higher at $94.75 a barrel, its highest close since Oct. 1, 2008. The front-month contract jumped $16.82, or 21.6%, during 2010.

Markets were open Friday despite the New Year's holiday to comply with exchange rules requiring trading on the last day of the month. Volume was close to the lowest level this year, with less than 260,000 contracts traded at settlement.

Oil prices had paused near $90 for the past week as investors sold positions to lock in profits. The push above this level heading into 2011 is a strong sign that crude prices will continue their recent march higher.

"Ultimately, this market is going as high as $120 to $130 by July, and there are more and more people coming out and saying that. It's inevitable," said Mark Waggoner, president of Excel Futures.

Nymex crude ended the year 37.1% below its record settlement of $146.08, hit July 3, 2008.

Most of this year's rally in oil prices came in the last two months, helping oil catch up with the rapid rise across other commodities in 2010. In December alone, the front-month contract jumped 8.6%.

Demand for raw materials in China and other emerging markets led to record highs in copper, wheat and other markets. But worries about weak energy demand in Europe and the U.S. kept crude in a trading range between $70 and $80 a barrel for much of the year.

Only recently have U.S. stockpiles of oil and fuel products fallen from multi-year highs. In December, U.S. oil inventories dropped by more than 20 million barrels, helped by improving demand for gasoline and better domestic economic growth. Meanwhile, China's oil imports hit the highest level on record in September, an important signal of continued strong demand in the world's second-largest oil consumer.

Amid the frenzy in other commodity markets, relatively stable petroleum futures were overlooked, said Rich Ilczyszyn, a broker with Lind-Waldock in Chicago.

"Next year, some of the froth will come out of the other markets, such as metals, and head into food and energy," he said, adding that many people are setting themselves up for more gains in oil.

Gasoline futures hit a fresh two-year high Friday, with the expiring front-month January reformulated gasoline blendstock, or RBOB, contract settling up 6.14 cents, or 2.6%, at $2.4532 a gallon, its highest settlement sicne Sept. 30, 2008. For the year, the front-month contract climbed 19.5%.

U.S. retail gasoline prices are averaging $3.052 a gallon, up 17% from last year, forcing consumers to spend more on driving than on televisions, vacations or other goods that would help strengthen the economy. High prices for energy could begin to weigh on the economic recovery as oil crosses $100 a barrel.

Still, Goldman Sachs, J.P. Morgan Chase and several other banks expect futures to reach triple-digits in 2011 as the global economy recovers. Global demand surged in the third quarter of 2010, led by China and emerging markets, according to the International Energy Agency, which advises the U.S. and other industrialized nations on energy. The agency raised its oil demand forecast in December, and now expects demand next year to grow by 1.3 million barrels a day, adding to the rise in 2010 of 2.5 million barrels a day.

January heating oil settled 5.83 cents, or 2.4%, higher at $2.5437 a gallon, the highest close for a front-month contract since Oct. 3, 2008. The contract expired at settlement. It climbed 20.1% in 2010.

[admin]

El PMI de China bajo a 53.9 en Diciembre de 55.2 en Noviembre, es la primera desaceleracion en cinco meses.



China Manufacturing Growth Slows as Interest Rates Rise to Curb Inflation
By Bloomberg News - Dec 31, 2010 10:57 PM ET

China’s manufacturing growth slowed for the first time in five months in December as Premier Wen Jiabao’s government tightened monetary policy and chased energy- efficiency and pollution targets.

The Purchasing Managers’ Index fell to 53.9 from 55.2 in November, the China Federation of Logistics and Purchasing said in an e-mail today. That was less than the median estimate of 55 in a Bloomberg News survey of 13 economists. A measure of manufacturers’ input costs also fell.

Wen is seeking to choke off the fastest inflation in more than two years and limit asset bubbles without undermining growth in the economy that led the recovery from the global financial crisis. Governor Zhou Xiaochuan pledged yesterday to try to keep prices “basically stable” this year, after the central bank raised interest rates on Christmas Day for the second time since mid-October.

“It’s good to reduce inflation pressures,” said Ken Peng, a Beijing-based economist at Citigroup Inc. “I do not see much risk of a sharp economic slowdown.”

While today’s reading was the weakest of the fourth quarter, it was higher than in the months of June through September.

Besides raising rates, the central bank increased the proportion of deposits that lenders must set aside as reserves six times last year and allowed the yuan to gain 3.6 percent against the dollar.

Stronger Yuan

The currency strengthened yesterday beyond 6.6 per dollar for the first time in 17 years, fueling speculation that officials will allow more gains to counter inflation.

China’s key stock gauge declined 14 percent last year, the worst performer among the world’s 14 biggest benchmark indexes, on concern that tightening measures will crimp growth and profits. In comparison, the index jumped 80 percent in 2009 as a 4 trillion-yuan ($610 billion) stimulus package and record lending helped the economy recover.

The government-backed PMI, released by the Beijing-based logistics federation and the National Bureau of Statistics, gives an indication of manufacturing activity by surveying more than 820 companies in 20 industries, including energy, metallurgy, textiles, automobiles and electronics.

An output index fell to 57.5 last month from 58.5 in November, a measure of new orders dropped to 55.4 from 58.3, and an index of new export orders rose to 53.5 from 53.2, today’s statement showed. An input-price index dropped 6.8 points to 66.7 after surging in November to the highest level since June 2008.

Government Campaigns

A separate manufacturing index, released by HSBC Holdings Plc on Dec. 30, also fell for the first time in five months.

Besides tightening monetary policy, officials have cracked down on real-estate speculation and closed factories to meet energy-efficiency and pollution targets.

Today’s numbers reflect government efforts to limit price gains and adjust the nation’s growth model, and economic momentum remains steady, the logistics federation said in a separate statement on its website today. Still, inflation is spreading from food to raw materials and energy and may squeeze companies’ margins and hurt export competitiveness, the organization said.

Industries with the biggest gains in output included makers of transport equipment, while oil refiners and processers of chemicals and fiber reported contractions, it said.

Global Expansion

China’s economy grew 10.1 percent last year, according to the median estimate of 18 economists in a Bloomberg survey. The expansion will slow to 9 percent this year, still three times the rate of the U.S. and six times the speed of the euro zone, Bloomberg surveys show.

The Asian nation may contribute a third of the global expansion in 2011, according to Australia and New Zealand Banking Group Ltd.

Inflation accelerated to a 28-month high of 5.1 percent in November. Price gains may remain elevated in the first half of this year, and especially the first three months, China’s top economic planning agency said last month.

A survey released by the central bank in December showed consumers more concerned about prices than at any time in the past decade. Food costs climbed 11.7 percent in November from a year earlier, with Starbucks Corp. and McDonald’s Corp. among companies to announce price increases in the past two months.

The central bank will keep ratcheting up interest rates this year, with the key one-year lending rate reaching 6.56 percent from 5.81 percent now, according to the median forecast in a Bloomberg News survey of analysts last month.

--Zheng Lifei, Li Yanping. With assistance from Jay Wang and Kevin Hamlin. Editors: Paul Panckhurst, Ian Rowley.

[Fenix]

Un saludo y aprecio a todos los participantes del Foro.

[Fenix]

Ayer, el Presidente de Perú Alan García, promulgó una norma que exonera de impuestos al hospedaje para extranjeros, así como el transporte de mercancías vendidas al extranjero, la comercialización de joyas de oro y plata a extranjeros, entre otros.

[admin]

Feliz anio Fenix y gracias por participar en el foro.