Miercoles 12/01/11 Beige book

[admin]

FAS +3.29%

Ag down 29.44

+81.40

VIX down 16.30

Oil up 91.72

[admin]

Los inventarios de petroleo bajan 2.2 millones de barriles pero los de gasolina suben 5.1 millones

Oil up 91.67

+80.05

Proxima parada del petroleo $94

[jonibol]

BVN acercándose a su ema200, como se comentó hace unos días.

[admin]

Puede AAPL llegar a $1,000? (en cinco anios)

OK, renuncio. Apple $1,000?

Hace 18 meses pregunte si AAPL podria llegar a este momento tan increible:" Durante los ultimos cinco anios el stock ha ganado 56$ al anio, extraordinario", escribi: "para que las acciones suban en un ritmo similar tendrian que ser $1.25 trillones para el 2014. Aun creciendo a un modesto ritmo de 20% al anio los llevaria a $333 billones, valor mas alto que el Exxon Mobil hoy dia, dos veces el valor de J&J o Procter & Gamble. Todo es posible, pero esa si que es una apuesta. Paralos inversionistas de AAPL, siento que las ganancias mas faciles ya han pasado.

Desde entonces, por supuesto AAPL me ha dejado como un idiota total. Las acciones se han mas que duplicado. Esta semana ayudada por las noticias del iPhone con Verizon, han tocado $344, precio record. La compania ahora esta valorizada en $315 billones, mas que cualquier otra compania excepto por Exxon Mobil. En lugar de desacelerar las acciones han subido mas un ritmo de 67% al anio.

Y el negocio es un boom, las ventas suben, las ganancias netas subieron al 70% el anio pasado. Los competidores no saben que hacer. Uno tiene que pensar que estan haciendo Microsoft y Nokia. Para AAPL el trimestre ha sido un boom. Veremos un nuevo iPad pronto. Las ganancias la proxima semana, si el pasado es mi prologo, le ganaran a las expectativas del mercado.

Etc, etc, etc....

Could Apple Hit $1,000? By BRETT ARENDS.

OK, I give up. Apple $1,000?

Eighteen months ago I questioned whether Apple stock could keep up its amazing momentum: "Over the past five years the stock has gained an average of 56% a year, an extraordinary achievement," I wrote. "For the shares to rise at a similar rate from here would take it to $1.25 trillion by 2014. Even to grow at a more modest 20% a year would take it to $333 billion—more valuable than Exxon Mobil today and twice the value of Procter & Gamble or Johnson & Johnson. Anything is possible, but that's quite a bet." For Apple investors, I felt, the easiest gains were surely over.

Since then, of course, Apple has made me look like a total idiot. The shares have more than doubled. This week, helped by the news that the iPhone is coming to Verizon, they touched a new all-time high of $344. The company is now valued at $315 billion, more than P&G, J&J or any company other than Exxon Mobil. Far from slowing down, the shares have actually speeded up. I calculate the growth rate works out to an annualized rate of 67%.

As for the underlying business: Sales are booming. Net income soared 70% last year. Competitors have been in disarray. You have to wonder what companies like Nokia and Microsoft are doing. For Apple, each quarter has been a blowout. We will see a new iPad shortly. Earnings next week, if the past is any prologue, will beat expectations.


Apple CEO Steve Jobs
.Even fund managers Jeremy Grantham and Ben Inker, those skeptical souls at GMO, are fans: Apple is now the eighth-largest holding in their "Quality Equity" portfolio. As GMO thinks the stocks in this portfolio are by far the best bets in the market, that's quite an endorsement. (Never mind that Microsoft is their second-biggest holding.)

Time for me to eat a double helping of humble pie. What flavor? Apple, naturally!

I'll have it with some crow. And a side order of oeuf au visage.

So what about that five-year prediction? Can Apple keep going? Will it reach $1.25 trillion in value by 2014? Or anything close?

Only time will tell. But if Apple stock were somehow able to continue booming at the same astonishing rate of the past 18 months, it would hit $500 by October and $1,000 by February 2013.

Ridiculous? Absurd? Impossible? You make the call. You often see musings like this right at the peak of a stock's fortune. Wouldn't that be ironic? But the options market is already taking bets that Apple will top $500 in the next couple of years. The $500 call options, good till January 2013, cost $20 per share.

In "Through the Looking-Glass," Lewis Carroll's White Queen was able to imagine six impossible things before breakfast. Let's content ourselves with one: Apple $1,000. What would it look like? What would have to happen for the company to get there?

There are about 920 million Apple shares outstanding. So at $342 per share, the company has a market value of $315 billion. When you net off cash and liabilities, the enterprise value is about $290 billion.

At $1,000 a share, the value would be around $900 billion.

<img src="http://s.wsj.net/public/resources/media/apple_roi_110111-alt-1.jpg" alt="" width="262" height="176"/> .Right now Apple trades at around 17 times forecast earnings. If that rating stays about the same, then a market value of $900 billion would have to be supported by net income of about $53 billion.

Is that achievable?

Last year Apple earned a more modest $14 billion. That had soared 600% over the previous five years.

The company has 40% gross profit margins. You may think that's ridiculous, but ours is not to reason why. People line up around the block to pay up. Individuals with a perfectly good iPhone will stand in line for six hours—updating their Facebook page—so they can be among the first in their town to own a new one. Customers are even happy to pay an extra $100 for an iPad with extra memory, even though they know the cost of that memory is maybe a dollar or two (if that). These people are not price-sensitive. They might be better described as price-immune.

Last year Apple spent just 2.7% of revenues on research and development, and 8.5% on sales and overhead, and paid just under 25% income tax on profits. If these ratios stayed the same, in order to generate $53 billion in net income Apple would need to earn about $70 billion before tax. And that, in turn, would require about $240 billion in revenues.

Naturally, that's subject to all sorts of unknowables. Would overhead fall in proportion to sales? Could profit margins be sustained? As Apple makes more and more money overseas, what would happen to its average tax rate? We'll have to see.

Annual sales of $240 billion would be nearly four times last year's figure. According to Thomson Reuters, analysts have penciled in $89 billion in the year ending this September, and $104 billion in the year after that, with net income rising to $18 billion and $22 billion. They think revenues could hit $160 billion by 2015.

How could it get to $240 billion?

Apple's most mature market by far is the U.S. Sales here made up the lion's share of the $25 billion net sales reported for the Americas division last year and the $10 billion sold through the company's stores.

Here in the U.S., you can hardly move these days for Macs and iPhones—outside of an office, anyway. I was recently on an Acela train in the Northeast. It was pretty full, and many people were using a laptop or a tablet computer. On a whim I walked the length of the train: Nearly all the computers were Apples. And while sales of the iPad may be just getting going, some will come at the expense of Macs. Last year, according to company filings, Apple earned an average of about $660 revenue per iPad, compared to nearly $1,300 per Mac.

If Apple were to double its U.S. sales from here, that would add another $30 billion or so to revenues. If it also achieved a similar level of sales in Europe—they were about $19 billion last year—that would add another $40 billion. While we're about it, let's imagine it could also raise sales in Japan from $4 billion to about $10 billion. These magnificent forecasts would take total sales to around $130 billion.

That would leave the remainder, $110 billion, to come from emerging markets like China, India and Brazil. Yes, their economies are growing quickly. Yes, they are populous. But this is still quite a stretch.

In dollar terms, China, India and Brazil's economies are still, in aggregate, much smaller than that of the U.S. And the gap in per-capita income is vast. That of the U.S. is about $47,000. That of Brazil is about $10,000, and China $4,000. Are these countries likely, in total, to spend four times as much on Apple products as the U.S. does currently?

You make the call. Me? I'm too busy enjoying my Apple pie.

[admin]

Euro up 1.3060

+82.84

[admin]

Alemania dice que esta lista para hacer todo lo que sea necesario para defender al euro, Europa, etc. etc. Europa tiene que bendecir a Alemania, sin ese pais (con todo lo imperfecto que es) Europa no seria nada.

[ECROMGAR]

Puede AAPL llegar a $1,000? (en cinco anios)

OK, renuncio. Apple $1,000?

Hace 18 meses pregunte si AAPL podria llegar a este momento tan increible:" Durante los ultimos cinco anios el stock ha ganado 56$ al anio, extraordinario", escribi: "para que las acciones suban en un ritmo similar tendrian que ser $1.25 trillones para el 2014. Aun creciendo a un modesto ritmo de 20% al anio los llevaria a $333 billones, valor mas alto que el Exxon Mobil hoy dia, dos veces el valor de J&J o Procter & Gamble. Todo es posible, pero esa si que es una apuesta. Paralos inversionistas de AAPL, siento que las ganancias mas faciles ya han pasado.

Desde entonces, por supuesto AAPL me ha dejado como un idiota total. Las acciones se han mas que duplicado. Esta semana ayudada por las noticias del iPhone con Verizon, han tocado $344, precio record. La compania ahora esta valorizada en $315 billones, mas que cualquier otra compania excepto por Exxon Mobil. En lugar de desacelerar las acciones han subido mas un ritmo de 67% al anio.

Y el negocio es un boom, las ventas suben, las ganancias netas subieron al 70% el anio pasado. Los competidores no saben que hacer. Uno tiene que pensar que estan haciendo Microsoft y Nokia. Para AAPL el trimestre ha sido un boom. Veremos un nuevo iPad pronto. Las ganancias la proxima semana, si el pasado es mi prologo, le ganaran a las expectativas del mercado.

Etc, etc, etc....

Could Apple Hit $1,000? By BRETT ARENDS.

OK, I give up. Apple $1,000?

Eighteen months ago I questioned whether Apple stock could keep up its amazing momentum: "Over the past five years the stock has gained an average of 56% a year, an extraordinary achievement," I wrote. "For the shares to rise at a similar rate from here would take it to $1.25 trillion by 2014. Even to grow at a more modest 20% a year would take it to $333 billion—more valuable than Exxon Mobil today and twice the value of Procter & Gamble or Johnson & Johnson. Anything is possible, but that's quite a bet." For Apple investors, I felt, the easiest gains were surely over.

Since then, of course, Apple has made me look like a total idiot. The shares have more than doubled. This week, helped by the news that the iPhone is coming to Verizon, they touched a new all-time high of $344. The company is now valued at $315 billion, more than P&G, J&J or any company other than Exxon Mobil. Far from slowing down, the shares have actually speeded up. I calculate the growth rate works out to an annualized rate of 67%.

As for the underlying business: Sales are booming. Net income soared 70% last year. Competitors have been in disarray. You have to wonder what companies like Nokia and Microsoft are doing. For Apple, each quarter has been a blowout. We will see a new iPad shortly. Earnings next week, if the past is any prologue, will beat expectations.


Apple CEO Steve Jobs
.Even fund managers Jeremy Grantham and Ben Inker, those skeptical souls at GMO, are fans: Apple is now the eighth-largest holding in their "Quality Equity" portfolio. As GMO thinks the stocks in this portfolio are by far the best bets in the market, that's quite an endorsement. (Never mind that Microsoft is their second-biggest holding.)

Time for me to eat a double helping of humble pie. What flavor? Apple, naturally!

I'll have it with some crow. And a side order of oeuf au visage.

So what about that five-year prediction? Can Apple keep going? Will it reach $1.25 trillion in value by 2014? Or anything close?

Only time will tell. But if Apple stock were somehow able to continue booming at the same astonishing rate of the past 18 months, it would hit $500 by October and $1,000 by February 2013.

Ridiculous? Absurd? Impossible? You make the call. You often see musings like this right at the peak of a stock's fortune. Wouldn't that be ironic? But the options market is already taking bets that Apple will top $500 in the next couple of years. The $500 call options, good till January 2013, cost $20 per share.

In "Through the Looking-Glass," Lewis Carroll's White Queen was able to imagine six impossible things before breakfast. Let's content ourselves with one: Apple $1,000. What would it look like? What would have to happen for the company to get there?

There are about 920 million Apple shares outstanding. So at $342 per share, the company has a market value of $315 billion. When you net off cash and liabilities, the enterprise value is about $290 billion.

At $1,000 a share, the value would be around $900 billion.

<img src="http://s.wsj.net/public/resources/media/apple_roi_110111-alt-1.jpg" alt="" width="262" height="176"/> .Right now Apple trades at around 17 times forecast earnings. If that rating stays about the same, then a market value of $900 billion would have to be supported by net income of about $53 billion.

Is that achievable?

Last year Apple earned a more modest $14 billion. That had soared 600% over the previous five years.

The company has 40% gross profit margins. You may think that's ridiculous, but ours is not to reason why. People line up around the block to pay up. Individuals with a perfectly good iPhone will stand in line for six hours—updating their Facebook page—so they can be among the first in their town to own a new one. Customers are even happy to pay an extra $100 for an iPad with extra memory, even though they know the cost of that memory is maybe a dollar or two (if that). These people are not price-sensitive. They might be better described as price-immune.

Last year Apple spent just 2.7% of revenues on research and development, and 8.5% on sales and overhead, and paid just under 25% income tax on profits. If these ratios stayed the same, in order to generate $53 billion in net income Apple would need to earn about $70 billion before tax. And that, in turn, would require about $240 billion in revenues.

Naturally, that's subject to all sorts of unknowables. Would overhead fall in proportion to sales? Could profit margins be sustained? As Apple makes more and more money overseas, what would happen to its average tax rate? We'll have to see.

Annual sales of $240 billion would be nearly four times last year's figure. According to Thomson Reuters, analysts have penciled in $89 billion in the year ending this September, and $104 billion in the year after that, with net income rising to $18 billion and $22 billion. They think revenues could hit $160 billion by 2015.

How could it get to $240 billion?

Apple's most mature market by far is the U.S. Sales here made up the lion's share of the $25 billion net sales reported for the Americas division last year and the $10 billion sold through the company's stores.

Here in the U.S., you can hardly move these days for Macs and iPhones—outside of an office, anyway. I was recently on an Acela train in the Northeast. It was pretty full, and many people were using a laptop or a tablet computer. On a whim I walked the length of the train: Nearly all the computers were Apples. And while sales of the iPad may be just getting going, some will come at the expense of Macs. Last year, according to company filings, Apple earned an average of about $660 revenue per iPad, compared to nearly $1,300 per Mac.

If Apple were to double its U.S. sales from here, that would add another $30 billion or so to revenues. If it also achieved a similar level of sales in Europe—they were about $19 billion last year—that would add another $40 billion. While we're about it, let's imagine it could also raise sales in Japan from $4 billion to about $10 billion. These magnificent forecasts would take total sales to around $130 billion.

That would leave the remainder, $110 billion, to come from emerging markets like China, India and Brazil. Yes, their economies are growing quickly. Yes, they are populous. But this is still quite a stretch.

In dollar terms, China, India and Brazil's economies are still, in aggregate, much smaller than that of the U.S. And the gap in per-capita income is vast. That of the U.S. is about $47,000. That of Brazil is about $10,000, and China $4,000. Are these countries likely, in total, to spend four times as much on Apple products as the U.S. does currently?

You make the call. Me? I'm too busy enjoying my Apple pie.

Veremos que pasa con AAPL la próxima semana.

[admin]

Le tomo cuatro anios a Verizon conseguir convencer a AAPL de vender el iPhone.

Apple, Verizon Took Years to Overcome Their IPhone Differences
By Adam Satariano and Peter Burrows - Jan 12, 2011 9:46 AM ET
inShare.20More
Business ExchangeBuzz up!DiggPrint Email . Verizon Communications Inc. President Lowell McAdam, left, shakes hands with Apple Inc.'s Chief Operating Officer Tim Cook during an event to announce that Verizon will start selling a version of Apple Inc.'s iPhone. Photographer: Ramin Talaie/Bloomberg
Verizon Communications Inc. President Lowell McAdam works a few miles from the New York auditorium where he announced yesterday’s deal to offer Apple Inc.’s iPhone. It took him four years to get there.

The press conference at Lincoln Center marked the end of haggling over branding and revenue sharing between the two companies, as well as efforts to ensure reliability. McAdam and Apple Chief Operating Officer Tim Cook came to terms last year, setting the stage for Verizon to offer the iPhone on Feb. 10.

The companies’ detente underscores Verizon’s desire to offer one of the best-selling smartphones, even if it means ceding more control than usual. Apple, meanwhile, gains access to the largest U.S. wireless carrier. That may help maintain its ballooning sales growth and stave off competition from Motorola Mobility Holdings Inc. and Samsung Electronics Co., which use Google Inc.’s Android operating system.

“We said over the last three or four years that the business interests would come together -- and they did,” McAdam, who is in line to be Verizon’s chief executive officer, said in an interview.

Since reaching their agreement last year, the companies have been testing a version of the handset that will work with Verizon’s code division multiple access, or CDMA, technology, McAdam said. AT&T Inc., the iPhone’s exclusive U.S. carrier since the device debuted in 2007, uses a different system.

Cell Towers

The companies erected Verizon cellular towers at Apple’s Cupertino, California, headquarters to check the phone’s signal and avoid the reliability troubles of the iPhone at AT&T. The two sides also had to agree to swap inside information about future products.

“We had to share with them where we were going with our network and they had to share with us what they were planning for devices,” said McAdam, 56. “That’s when we said, ‘Yes, this should work.’”

One of Verizon Wireless’s top engineers -- David McCarley, its executive director of technology -- worked on Apple’s campus for more than a year. He helped Apple understand its CDMA technology, McAdam said. Apple was given “their own laboratory to play with,” he said.

McAdam, who has worked at Verizon since it was formed in 2000, also personally used the iPhone ahead of yesterday’s announcement.

Technical Concerns

McAdam and Cook inked the final deal after negotiations that also involved Apple CEO Steve Jobs and Verizon CEO Ivan Seidenberg, McAdam said.

“We probably worked six or nine months on the technical side of this and saw we could make this work,” he said. “Then we did the commercial side. The commercial deal took us a day.”

The agreement bridges a gulf between Apple and Verizon that predates the iPhone’s deal with AT&T. When Apple first began working on its smartphone in 2005, it decided to base it on a format called the global system for mobile communications, or GSM, rather than Verizon’s CDMA standard. While CDMA is more popular in the U.S., the AT&T-favored GSM technology predominates globally.

Confident that the device would be a megahit that would upend industry commercial norms, Apple also decided it wanted a stake in any carriers’ monthly service fees. That ran counter to Verizon’s approach to manufacturers.

Instead, Apple struck a deal with AT&T, which agreed to share wireless-service revenue and let Apple manage its iTunes software on the phone. The companies later dropped the revenue- sharing deal in favor of having AT&T buy phones outright from Apple and resell them at subsidized rates. AT&T has paid Apple an estimated $600 for each handset, according to John Hodulik, an analyst at UBS AG in New York.

Top Seller

The partnership transformed the wireless industry, helping inspire a new stable of smartphones from Motorola, Samsung and HTC Corp., which all formed partnerships with Google. At Apple, the iPhone fueled sales and profit, with the device becoming the company’s biggest-selling product. It accounted for 39 percent of Apple’s $65.2 billion in revenue last year.

At AT&T, the iPhone has been plagued by network congestion and complaints about dropped calls, especially in big cities. AT&T was ranked the worst U.S. carrier in a Consumer Reports survey published last month. The design of Apple’s latest model, the iPhone 4, drew complaints as well, because it could lose signal strength when held a certain way. Verizon’s network was ranked second-best by Consumer Reports, behind U.S. Cellular.

Even so, AT&T’s network offers faster speeds and broader global coverage for the iPhone, said Mark Siegel, a spokesman for that company.

Branding Issue

To reach a deal, Apple and Verizon had to reconcile different approaches to branding. Verizon puts its stamp on other manufacturers’ devices, including phones from Research In Motion Ltd. and Motorola. By contrast, only Apple’s name appears on the iPhone.

“They don’t put a lot of logos on their phones,” McAdam said in the interview. “So that wasn’t a major issue for us.”

Watching the success of the AT&T-Apple partnership may have led Verizon to accept a similar deal, said Jean-Louis Gassee, a former Apple executive who is now a venture capitalist at Allegis Capital in Palo Alto, California.

“As my grandmother used to say, ‘If you can’t get what you like, you have to like what you can get,’” he said.

Share Price

Apple shares have more than tripled in value since the iPhone was introduced in January 2007. They climbed $1.16 to $342.80 at 9:44 a.m. New York time on the Nasdaq Stock Market. The company is now the world’s second-most-valuable, behind Exxon Mobil Corp.

Verizon Communications, which co-owns its wireless business with Vodafone Group Plc, rose 11 cents to $35.47 in New York Stock Exchange composite trading. AT&T gained 9 cents to $28.

Apple can help Verizon increase the number of customers using smartphones, which typically require separate data plans, said Carl Howe, an analyst at Boston-based Yankee Group. IPhone customers have bills of about $120 a month, versus $40 to $80 for users of regular phones, he said.

An iPhone on the Verizon network will cost the same as on AT&T. With a two-year contract, the handset costs $199.99 for a 16-gigabyte model and $299.99 for a 32-gigabyte version.

The move will take a toll on Verizon in increased subsidies. The carrier may sell 13 million iPhones this year with an estimated subsidy of $400 each, UBS’s Hodulik said. That would add up to $5.2 billion.

He estimates that 2.1 million net new customers will join Verizon in 2011. That compares with 650,000 for AT&T, which ranks second to Verizon in total U.S. customers. Apple also will get access to 93.2 million existing Verizon customers.

“It expands the overall footprint that the iPhone can serve and the number of consumers who can use it,” said Matt Murphy, a partner at venture capital firm Kleiner Perkins Caufield & Byers in Menlo Park, California. He oversees a fund dedicated to smartphone applications. “We’re going to see extreme growth.”

To contact the reporters on this story: Adam Satariano in San Francisco at asatariano1@bloomberg.net; Peter Burrows in San Francisco at pburrows@bloomberg

[admin]

RECOMENDACION-Goldman sube Verizon por lanzamiento iPhone
miércoles 12 de nero de 2011 11:19 GYT
Imprimir[-] Texto [+] (Reuters) - Goldman Sachs mejoró la calificación de Verizon Communications Inc a "compra" desde "neutral" por el lanzamiento del iPhone de Apple Inc en su red, mientras que recortó la calificación del rival AT&T Inc a "neutral", diciendo que perdería más clientes cuando sus contratos de iPhone caduquen.
Verizon, el principal operador inalámbrico en Estados Unidos, terminó con meses de especulación y expectativas el martes con el anuncio de que vendería una versión del iPhone desde el 10 de febrero a los mismos precios que AT&T.

Verizon tiene una ventaja en la distribución de teléfonos inteligentes con redes de cuarta generación (4G) con LTE (evolución para el largo plazo) y está mejorando su portafolio con la inclusión de teléfonos iPhone y Android. Esas medidas aumentarían sus ingresos por servicios inalámbricos en un 10 por ciento el 2011, dijo Goldman.

No obstante, para AT&T, el lento aumento del ingreso promedio por usuario se traducirá en un declive sustancial en el crecimiento de ingresos por servicio inalámbrico, afirmó la correduría.

Goldman estima que 2,1 millones de clientes del iPhone dejarán a AT&T el 2011.

Las acciones de Verizon cerraron el martes a 35,36 dólares, mientras que las de AT&T terminaron la sesión a 27,91 dólares en la Bolsa de Nueva York.

(Reporte de Siddharth Cavale en Bangalore; Editado en español por Gabriela Donoso)

[admin]

TTM +4.01%

[admin]

Movimientos de mercado por variación diariaAcciones Ultima cotización (S/.) Var. día (S/.) Var. día (%)
RCZ US$ 0.40 US$ 0.03 8.11
ALT US$ 0.29 US$ 0.02 7.41
CVERDEC1 US$ 52.00 US$ 2.70 5.48
PML US$ 0.48 US$ 0.02 4.35
RIO US$ 2.53 US$ 0.08 3.27
Acciones Ultima cotización (S/.) Var. día (S/.) Var. día (%)
NOM US$ 4.56 US$ -0.24 -5.00
AUSTRAC1 0.35 -0.01 -2.78
POMALCC1 0.72 -0.02 -2.70
SIDERC1 1.95 -0.05 -2.50
BVN US$ 43.87 US$ -0.63 -1.42

[admin]

+94.15

[admin]

January 12,10:59
Bid/Ask 4.3944 - 4.3967
Change +0.0667 +1.54%
Low/High 4.3227 - 4.4020
Charts

Nickel January 12,10:59
Bid/Ask 11.5052 - 11.5111
Change +0.3276 +2.93%
Low/High 11.1771 - 11.5143
Charts

Aluminum January 12,10:59
Bid/Ask 1.1132 - 1.1155
Change +0.0064 +0.57%
Low/High 1.1038 - 1.1204
Charts

Zinc January 12,10:59
Bid/Ask 1.1069 - 1.1076
Change +0.0192 +1.77%
Low/High 1.0820 - 1.1105
Charts

Lead January 12,10:59
Bid/Ask 1.2165 - 1.2171
Change +0.0236 +1.98%
Low/High 1.1929 - 1.2200

[admin]

Au

SPOT MARKET IS OPEN
closes in 6 hrs. 1 min.
Jan 12, 2011 11:14 NY Time
Bid/Ask 1378.80 - 1379.80
Low/High 1375.80 - 1388.10
Change -2.50 -0.18%
30daychg -7.00 -0.51%
1yearchg +228.10 +19.82%

[admin]

+97.86

Ag up

VIX down 16.23

Oil up 92.24

Yields up 3.41%