Recipes For Thanks Giving

Ingredients

• 1 egg white
• 1 tablespoon water
• 1 pound pecan halves
• 1 cup white sugar
• 3/4 teaspoon salt
• 1/2 teaspoon ground cinnamon

Directions

1. Preheat oven to 250 degrees F (120 degrees C). Grease one baking sheet.
2. In a mixing bowl, whip together the egg white and water until frothy. In a separate bowl, mix together sugar, salt, and cinnamon.
3. Add pecans to egg whites, stir to coat the nuts evenly. Remove the nuts, and toss them in the sugar mixture until coated. Spread the nuts out on the prepared baking sheet.
4. Bake at 250 degrees F (120 degrees C) for 1 hour. Stir every 15 minutes.

By Carolyn

Source : http://allrecipes.com/Recipe/Sugar-Coated-Pecans/Detail.aspx

The Fundamentals For Gold and Silver Trading

There are four important factors, you should think about when trading metals, especially, trading gold and trading silver.

The first fundamental is the relationship between demand and supply current metals. If the demand is excess the supply, the metals price will go up and vice versa. So, you must keep track the moving on futures market to get information.

The second fundamental for the precious metal price would be low or negative interest rates. If the return on bonds, stocks, real estate and others derivatives is lower than the influence of inflation, the trend to buy gold and silver and others commodities futures like cotton commodity, oil futures, corn commodity…

Another fundamental is the status of the whole economic. In case, there are wars or invasion and serious inflation, investors will change channel investment into precious metals because people are fear that it is safer than other assets. It can easily exchange into other currencies.

The fourth fundamental- the last one is the strength of the USD. As we know, US is famous as the home of gold in the world, so if the US currency is weaken than other major currencies, investor will chase to buy gold.

In conclusion, these above fundamentals are very necessary for who attend to invest in metals commodities. This investment can give many profits and take your money out also. therefore, you should consider all factors can affect your business. Trading in futures and options involves in substantial risk of loss and good chances.

Yen rises after Bank of Japan's special easing disappoints

By Lisa Twaronite, MarketWatch
TOKYO (MarketWatch) -- Japan's yen erased its early losses against major rivals Monday, after an emergency easing by the Bank of Japan failed to stem the currency's strength for long.
The dollar /quotes/comstock/21o!x:susdjpy (USDYEN 84.6500, -0.6900, -0.8087%) slipped to ¥84.94 from ¥85.39 yen in late North American trading on Friday, after rising as high as ¥85.88 after the special meeting was announced. The yen hit a 15-year high versus the dollar last week.
The euro /quotes/comstock/21o!x:seurjpy (EURYEN 107.5300, -1.3700, -1.2578%) also slipped against the yen, buying ¥108.06, down from ¥108.75 late Friday and from a Monday high of ¥109.55.
As many expected, the BOJ said it would expand its current ¥20 trillion quantitative-easing program to six months from its current three-month time frame. It also increased the amount of funds available by ¥10 trillion. Read Asia Markets for more on BOJ.
"The market is clearly viewing these policy moves as actions that are too little too late as the BOJ continues to fight rear-guard action against yen appreciation," said Boris Schlossberg, director of currency research at GFT.
"In fact, instead of steadying the decline in USD/JPY, today's announcement may have only hastened its fall, as speculators may now continue to sell the pair with impunity in the face of these effete policy moves by the Japanese authorities," he said in a note to clients Monday.
Against the dollar, the euro /quotes/comstock/21o!x:seurusd (EURUSD 1.2701, -0.0062, -0.4858%) was buying $1.2729, down from $1.2740 Friday, and the British pound /quotes/comstock/21o!x:sgbpusd (GBPUSD 1.5549, +0.0015, +0.0966%) turned higher to $1.5564, up from $1.5520.
The dollar index /quotes/comstock/11j!i:dxy0 (DXY 82.91, -0.01, -0.01%) , a measure of the U.S. unit against a basket of currencies, traded at 82.781, down from 82.887.
On Friday, the dollar gained on the yen but turned lower against the euro on Friday, in erratic trading after Federal Reserve Chairman Ben Bernanke said the central bank has set no trigger for further monetary-policy easing and sees continued economic growth in the U.S. See Friday's Currencies report.


Source: http://www.marketwatch.com/story/yen-rises-after-bojs-special-easing-disappoints-2010-08-30?siteid=yhoof

Copper News

In Chile, 33 miners trapped half a mile down a copper and gold mine bravely await their rescue. Around the world, cowardly thieves steal copper cable. Both are the result of robust demand for the red metal. At $7,447 a tonne, copper’s spot price is 165 per cent above its mid-financial crisis low, though still 16 per cent shy of its July 2008 pre-crisis high.
Industrial demand explains only part of the increase. Despite doubts over the pace of global recovery, China is growing fast and accounts for 40 per cent of world consumption, and developed economies are restocking depleted stores. Then there is speculative interest from financial investors who are drawn by copper’s supply-demand imbalances.


Source: http://www.ft.com

Current Metals Price In Futures Market

You can trade metal futures on Gold, Silver, Copper, and Aluminum on the COMEX exchange in downtown Manhattan. You can trade Platinum and Palladium on the NYMEX exchange right below the COMEX. These exchanges are both in the same building on 1 North End Avenue in New York City. These exchanges were established solely for the use of commodity trading. Sometime in mid 2009 the NYMEX and COMEX floors will combine because of the amount of space open on the NYMEX exchange. Since the start of electronic trading, the floor volume has deteriorated significantly.
There are two kinds of individuals who trade these metals, hedgers and speculators. A hedger is someone who owns the actual commodity and stores it in a warehouse or some other type of safe place, and has a cash interest in metal prices. For instance a jeweler has a business interest mostly in Gold. He has the physical gold in his shop and sells it to his customers for a profit. Let’s say the price of Gold drops significantly in the futures market. He is worried that he will not be able to meet his overhead cost now that the precious metal prices are lower than they were before. What he can do is sell the exact (or close to it) amount of Gold that he has stored, in the futures pit. This way he is long the actual commodity and short the future. He has put on a hedge, and, if the price of Gold goes lower he will be making money on his short that will offset the price decline of his actual. Speculators are in the market solely to make a profit and help the liquidity to make bids/offers much tighter. The liquidity is usually much higher in Gold than in Silver, and both of these are usually higher than Platinum or Palladium. The more the liquidity the easier it is to get in or out of a position. When you first start trading these metals, trade with gold first as you will have a possible easier time getting out of a position with more liquidity.

Advice On Commodity Trading

U.S. Economy

The U.S. Census Bureau said that wholesale sales were up 1.3% in January and up 10.5% from a year ago. Inventories were down .2% in January and down 9.7% from a year ago.
The U.S. Treasury sold $21 billion of 10-year T-notes at a median yield of 3.70% with a bid-to-cover ratio of 3.45. They also posted a budget deficit of $220.9 billion in February, roughly as expected. The June U.S. T-bonds ended down 4/32nds at 116.10/32nds.
Economists surveyed in the Blue Chip Economic Indicators newsletter said that real GDP will be up 3.1% in 2010 and up 3.0% in 2011.
The Mortgage Bankers' Association said that its index of mortgage applications was up .5% last week. The rate on a 30-year fixed rate mortgage averaged 5.01%.

Grains and Cotton

The USDA's 2009-2010 U.S. ending stocks estimate of:Corn was increased from 1.719 to 1.799 billion bushels.Soybeans was reduced from 210 to 190 million bushels.Wheat was increased from .981 to 1.001 billion bushels.Sugar was increased from 1.055 to 1.075 million tons.Cotton was reduced from 3.3 to 3.2 million bales.
The USDA's 2009-2010 world ending stocks estimate of:Corn was increased from 134 to 140 million tons.Soybeans was increased from 60 to 61 million tons.Wheat was increased from 196 to 197 million tons.Cotton was reduced from 52 to 51 million bales.
The USDA also said today that China bought 110,000 tons of U.S. soybeans for 2010-2011. May soybeans closed up 10.5 cents at $9.58.
A smaller palm oil crop in Malaysia is boosting prices for soybean oil (see article). May soybean oil closed up .72 at 41.02, the highest close in eight weeks.
July wheat fell 7.75 cents to $4.945, the lowest close in five months, after today's increase in the U.S. and world ending stocks estimates.


Livestock

The USDA raised its average 2010 price estimate for choice steers from 88 to 89.5 cents per pound. June cattle closed down .60 at 91.72.
The USDA raised its average 2010 price estimate for barrows and gilts from 47.5 to 48.5 cents per pound. June hogs were up .17 at 80.65.


Orange juice

The USDA raised its estimate of the 2009-2010 Florida orange crop from 129 to 131 million boxes, but lowered the projected juice yield from 1.56 to 1.53 gallons per box at 42.0 degrees Brix. May orange juice was down .0020 at $1.4695.
Sugar May sugar closed down .63 at 19.69, the lowest close in seven months, with more talk that upcoming sugar crops will ease the shortage. Brazil's sugarcane harvest is due to begin at the end of this month.

Energies

OPEC's monthly Oil Market Report shows an increase in the 2010 world oil demand estimate from 85.12 to 85.24 million barrels per day. Yesterday, the U.S. Energy Department predicted 85.5 million barrels per day. May crude oil finished up .57 at $82.43.
The U.S. Department of Energy (DOE) said that crude oil supplies were up 1.4 million barrels last week to 343.0 million barrels. Supplies of gasoline were down 2.9 million barrels and heating oil supplies were down 500,000 barrels.
The DOE also said that refinery use fell from 81.9% to 80.7% of capacity last week. Over the past four weeks, gasoline demand was up .5% from a year ago while distillate demand was down 4.1% from a year ago.

Metals

April gold fell $14.20 to $1,108.10, blamed on technical selling.

Currencies

The U.K.'s Office for National Statistics said that its index of production was down .4% in January and down 1.5% from a year ago.
Japan's Cabinet Office said that machinery orders were down 3.7% in January. The March Japanese yen dropped .0070 to 1.1047.
Is world trade improving? China's government said that exports were up 46% in February from a year ago while imports were up 45%.

HOT Futures Trading New Today

U.S. Economy The U.S. Treasury sold $30 billion of 3-month T-bills at a median rate of .05% and $30 billion of 6-month T-bills at a median rate of .14%. The December 2010 eurodollars closed up .10 at 98.375.

Grains and Cotton

More rain is falling today in Texas and around the Mississippi River Delta and the Palmer Drought map already shows excessively moist conditions in Arkansas and Mississippi. December cotton closed up 1.20 cents at 65.88, the highest close in a year.
The USDA said that last week's export inspections of:Corn totaled 20.5 million bushels, down 35% from a year ago.Soybeans totaled 14.7 million bushels, down 17% from a year ago.Wheat totaled 17.8 million bushels, down 27% from a year ago.
The northern states of the Midwest were all below freezing this morning. The USDA's Crop Progress report will be released later this afternoon. December corn was lower for most of the day, but ended up a half-cent at $3.817.
After the close, the USDA said that:13% of the corn crop was harvested, down from the five-year average of 35%.23% of the soybean crop was harvested, down from the five-year average of 57%.12% of the cotton crop was harvested, down from the five-year average of 29%.64% of the winter wheat crop was planted, roughly on schedule.

Livestock

December cattle fell .62 to 84.67 after last night's Larry King show on meat safety in the U.S.
After yesterday's close, the U.S. Meat Export Federation said that beef exports were down 26% in August from a year ago and down 4% in the first eight months of 2009 from a year ago. Pork exports were down 17% in August and down 17% in the first eight months of 2009 from a year ago. December hogs ended down .15 at 53.67.

Cocoa

The European Cocoa Association is expected to release a corrected third-quarter grindings report on Wednesday and North American grindings are expected to come out late Thursday. December cocoa ended up $28 at $3,096.
Sugar March sugar closed up 1.16 cents to 22.79, bouncing back from last week's sell-off while world supplies remain tight.
Energies OPEC's Oil Market Report for October increased their estimates of world oil demand from 84.05 to 84.24 million barrels per day (mbd) in 2009 and from 84.56 to 84.93 mbd in 2010. They also kept the 2009 estimate of world GDP growth at -1.2%, but increased the 2010 estimate from +2.5% to +2.7%. December crude oil closed up .97 at 74.71, the highest close in seven weeks.

Metals

According to Bloomberg news, the CEO of Rio Tinto expects world production of copper to match consumption in 2010 and fall a little short in 2011. December copper closed down 6.25 cents at $2.7945.

Currencies

The U.K.'s Office for National Statistics said that consumer prices were up 1.1% in September from a year ago, down from a 1.6% annual gain in August and the lowest increase in five years. The December British pound finished up a penny at $1.5888.

Source: dailyfutures.com