Friday, March 11, 2011

03.11.11 Final Report

Price Movements

Silver +2.48% Platinum +0.91% Gold +0.66%  Copper +0.24% Palladium -0.12%
Safe haven buying resurfaced in the PMG and copper saw some technical short covering.

Mini Nasdaq +0.97%  Mini S&P +0.91% Midcap DJIA Mini-+0.68%  Russell Mini +0.43%
Oil refiners and material companies rose on the theory that these sectors will benefit Japanese efforts to rebuild after Friday’s 8.9 earthquake .
AD+1.42% JY +1.39% EC +0.68% MP+0.48$ SF+0.27% CD+0.25% BP+0.14% USD -0.65%

5-Year +0.07% 10-Year +0.05% 2-Year +0.04% E$+0.01% T-Bond -0.03%

CT +1.97% Sugar #11 +0.52%  Cocoa -0.96% OJ-1.35% Coffee -2.19%

NG +1.54% HOil -0.52% RBOB -1.06%  WTI -1.50% Ethanol -2.31%
Natural gas remains in a tight range. The petroleum complex sold off on worries the earthquake may weaken the global recovery and weaken demand.

Rice -0.31% Meal -1.05% Oats -1.54% Beans -1.55% B Oil -1.81% Corn -2.71%  Wheat -2.94%
Grain sold off on worries about damage to Japanese ports and its effect on grain shipments. Japan is a major buyer of US bean, corn, rice and wheat.

CFTC Reports

Economic News




China: CPI
Y/Y % Change Prior 4.9 % Est 4.8 Act 4.9
Food prices +11.0% Non-food +2.3%

China: Industrial Production
 Yr/Yr % change Prior 13.5 % Est 13.1 % Act 14.9 %

China: PPI
Y/Y % Change Prior 6.6 % Est 7.0 Act 7.2
M /M % change was +0.8% vs +0.9% prev

China: Retail Sales
Y/Y % Change Prior 19.1 Est 19.0 Act 11.6
Well below expectations



US Retail Sales



Retail Sales- M/M change Prev 0.3 % Rev 0.7 % Est 1.0 % Range 0.1 % to 1.5 % Act 1.0 %
less autos- M/M change  Prev 0.3 % Rev 0.6 % Est 0.7 % Range 0.3 % to 1.3 % Act 0.7 %

Auto sales and higher energy prices accounted for much of the gain



US Consumer Confidence

Sentiment Index - Level Prior 77.5 Rev 76.5 Range 74.8 to 80.0 Act 68.2

Increasing oil prices are beginning to cause concern with consumers. The normally stable inflation expectation component jumped to 4.6% one year out. And the five year out reading is now at 3.2%



US Business Inventories

Inventories - M/M change Prior 0.8 % Est 0.8 % Range 0.6 % to 0.9 % Act 0.9 %






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The contents of any third-party letters/reports above do not necessarily reflect the opinions or viewpoint of G. Scott Hinton. They are provided for informational/educational purposes only.All sites refered to or displayed on this blog are available to anyone free of charge. The content of any message or post by G. Scott Hinton anywhere on this site is not to be construed as constituting market or investment advice. Such is intended for educational purposes only. Individuals should always consult with their own advisors for specific investment advice. This information is not to be construed as an offer to sell or a solicitation or an offer to buy commodities herein named. The risk of trading futures and options can be substantial.