Archive for May, 2011

By: Karen Watson

SEATTLE – Giving an uncharacteristically lackluster performance the Sounders were still able to squeak out a 1-0 win in stoppage time over visitors Sporting Kansas City, helping the home side move from fifth to second in the Western Conference standings.

Historically the Sounders have left it late against Kansas City, like last season’s nail bitter that saw Mike Fucito score his first MLS goal and secure Seattle’s 1-0 win once again in the added minutes. This time around defender Jeff Parke became the hero when he capitalized on Tyson Wahl’s corner kick, heading the ball past KC goalkeeper Jimmy Nielsen in the 93′. With so many key attacking players on the injured list, Coach Sigi Schmid put pressure on the team to create opportunities. “I actually pointed around before the game and asked when was the last time you scored a goal, headed one in? It was two or three seasons ago for the guy who actually scored the goal. So maybe I need to do that next time and somebody else will come up with one.”

Both back lines looked shaky in the opening minutes of the match, leaving players unmarked and allowing them to send balls thru. Kansas City’s best chance of the half came in the 5′ when midfielder Ryan Smith, who was left open, took a shot from ten yards out but Seattle goalkeeper Kasey Keller was able to get a hand on it.

Throughout the match both teams lacked energy, looking flat and playing without urgency. Sloppy passing on both sides created a stuttering momentum to the game and the ball continually got caught up in midfield as players bunched up instead of going out wide. Seattle midfielder Servando Carrasco attempted to play on the wing but to little effect, with few touches on the ball and many of those he did have weren’t well finished. Schmid commented on the different formation after the game. “We need better balance there, Carrasco sometimes he’s inside sometimes he’s outside. But he’s a rookie he’s still learning things but he makes better decisions every time he steps on the field. At times I thought we held the ball well, I thought sometimes we were a little disjointed in the diamond in the midfield.”

The Sounders had a few chances before the break all of which were set up or taken by Mauro Rosales, back in the lineup for the first time after recovering from a hamstring strain, with the best coming in the 35′ when Roger Levesque drilled one straight at goal but sending it just high.

Second half action continued much the same as the first forty-five but with each side seeing a few more shots on goal. Three Seattle free kicks came in short order all from the same spot, 25 yards out and to the right of goal but none of which resulted in insurance for the Sounders. Kansas City finally put Keller to the test in the 51′ on a beautifully executed free kick by Omar Bravo that was only narrowly punched away the Seattle team captain.

As the minutes ticked away a sense of urgency finally crept into the game and Seattle began applying more pressure in an effort to get the three points. Second half substitute Fucito created some excitement in the 83′ and 84′ but both shots were successfully blocked by Nielsen. But then just when it looked like this would end in a scoreless draw, Parke connected with Wahl’s corner kick, eighth of the game for Seattle, sending up a roar from the fans at Qwest Field.

Jubilation for the Sounders but heartbreak for Sporting Kansas City who were handed their fifth consecutive loss and are facing a long ten game road trip while their new stadium is in the final construction stages. Not only did Seattle get a needed boost from their first win since April 30 but also from visits by Steve Zakuani (broken leg) and O’Brien White (blood clot), who were both recently released from the hospital. With momentum on their side, they next face FC Dallas at home on May 25.

Tags :

The following are the top stories on
metals, agriculture and shipping.

ECONOMIC EVENTS, AGRICULTURE REPORTS:
Forecast Prior Time
(NY)
Empire Manufacturing MAY 19.70 21.70 8:30
Total Net TIC Flows MAR $97.7B 9:00
Net Long-Term TIC Flows MAR $32.6B $26.9B 9:00
NAHB Housing Market Index MAY 17 16 10:00
NOPA Monthly Oil Stocks APR 3059793 8:30
NOPA Soybean Capacity Crush APR 134391 8:30
NOPA Monthly Oil Yield APR 11.65 8:30
Export Inspections-Corn MAY 12 27.78 11:00
Export Inspections-Soybeans MAY 12 6.02 11:00
Export Inspections-Wheat MAY 12 34.63 11:00
Crop Condition-Winter Wheat MAY 15 33% 16:00
Crop Progress Corn Planting MAY 15 40% 16:00
Crop Progress Cotton Planting MAY 15 26% 16:00
Crop Progress Soybean Planting MAY 15 7% 16:00

Metal Prices: ($/ton)
Last % Chg RSI
Copper 8,788 +0.7 36
Aluminum 2,568 -1.8 38
Zinc 2,154 +0.5 34
Lead 2,291 -0.7 32
Nickel 24,400 -0.6 38
Tin 28,600 -2.4 32

Other Markets:
Last % Chg % YTD
US Dollar Index 75.721 +0.7 -4.2
Crude Oil $99.65 +0.7 +9.0
Gold $1,493.60 -0.9 +5.1
MSCI World Index 1,343.17 -0.6 +4.9

TOP STORY:

Gold-Coin Sales at One-Year High Show Higher Prices in History

Sales of gold coins are on track for the best month in a
year amid the worst commodities rout since 2008, a sign that
bullion's longest bull market in nine decades has further to run,
if history is a guide.

COMMODITIES EXCLUSIVES:

ADM Says Cocoa Plant in Ivory Coast Operating at Capacity (1)

Archer Daniels Midland Co., the world's largest grain
processor, said its cocoa-processing plant in Abidjan, Ivory
Coast, is operating at capacity and the company expects to start
exporting within the next week.

INDUSTRIAL METALS:

Copper Rises as Europe Economic Growth Fuels Demand Prospects

Copper rose for the fourth time in five days as Europe's
economy expanded faster than analysts forecast, enhancing
prospects for raw-material demand.

MINING:

Vedanta to Boost Zinc Production From Namibia's Skorpion Mine

Vedanta Resources Plc, the metals producer with assets from
Africa to Australia, plans to boost output from its Skorpion
zinc mine in Namibia to take advantage of rising prices for the
stainless steel-making ingredient.

Glencore Unlikely to Seek Immediate Cash Mamp;A Deals, RBC Says

Glencore International Plc, selling as much as $11 billion
of shares in an initial public offering, is unlikely to seek
cash-funded mergers and acquisitions in the immediate wake of
the IPO, according to RBC Capital Markets.

ThyssenKrupp to Fund Emerging-Market Growth With Asset Sales (2)

ThyssenKrupp AG, Germany's largest steelmaker, will fund
growth in emerging markets with planned asset sales, Chief
Executive Officer Heinrich Hiesinger said.

PRECIOUS METALS:

Gold Drops as Dollar's Rebound Erodes Metal's Investment Appeal

Gold futures fell for the second time in three days as the
dollar's advance eroded the appeal of the precious metal as an
alternative asset. Silver also declined.

AGRICULTURE:

Corn Rises on Sign of Increasing Demand; Wheat, Soybeans Fall

Corn futures rose for the second straight day on signs that
demand for US exports is increasing after prices slumped,
while wet weather delays planting in parts of the Midwest. Wheat
and soybeans fell.

Cattle Drop as Drought Spurs Sales to Beef Plants; Hogs Gain

Cattle futures fell the most in more than a week on
speculation that US ranchers will be forced to send more
animals to slaughterhouses because a drought is damaging
pastures in the Great Plains. Hogs rose.

Orange-Juice Futures Jump to Four-Year High on Supply Concerns

Orange-juice futures jumped to a four-year high on mounting
supply concerns in Florida, the world's second-biggest producer.

Sugar Advances on Lower Output in Brazil; Coffee, Cocoa Decline

Sugar gained, capping the biggest weekly gain since January,
after output plunged in Brazil, the world's biggest producer and
exporter. Coffee and cocoa futures fell in New York.

US Cotton Production May Fall 17% Next Year, FCStone Says (1)

US cotton production may decline 17 percent next year
because of drought conditions in Texas, the biggest US
producing state, said Gary Raines, an economist at FCStone
Fibers amp; Textiles in Nashville, Tennessee.

Farmland Values Surge 20% in Central US, Kansas City Fed Says

Farmland values in the central US surged in the first
quarter as higher prices for crops and cattle sparked demand for
rural properties, the Federal Reserve Bank of Kansas City said.

SHIPPING:

Baltic Index Has Weekly Decline on Softening Pacific Ship Demand

The Baltic Dry Index, a measure of commodity-shipping costs,
had its first weekly decline in three weeks on weaker demand to
haul cargoes from Pacific Ocean ports.

ECONOMIES:

US Economy: Consumer Prices Rise on Fuel, Food Costs (1)

The cost of living in the US rose in April, led by
increases in food and fuel that are starting to filter through
to other goods and services.

Stiglitz Says Austerity Kills Jobs, Brings Economic Decline (1)

Austerity measures "don't work" and prevent countries
from creating jobs needed to generate economic growth, said
Nobel Prize winning economist Joseph Stiglitz.

Consumer Sentiment in US Rose More Than Forecast in May (2)

Consumer confidence climbed more than forecast in May as
Americans turned more hopeful that employment gains will be
sustained, helping them cope with higher fuel and food costs.

OTHER MARKETS:

Stocks Fall as Dollar, US Treasuries Advance; Commodities Rise

Stocks slid as the dollar and Treasuries rallied, with 10-
year notes near reaching the highest level of the year, amid
concern Europe's debt crisis will worsen and economic growth
won't be strong enough to justify this year's equity rally.
Commodities recouped earlier losses.

Pound Weakens as 'Lackluster' Economy Curbs Bets on Rate Rise

The pound weakened after data showed economic growth in
Germany and France exceeded estimates and a report said UK
living standards will fall, spurring bets that euro-region
interest rates will outpace increases in Britain.

Crude Oil Rises for a Second Day as European Growth Accelerates

Crude oil climbed for a second day as stronger-than-
forecast economic growth in the euro zone signaled that European
fuel consumption will increase.

To contact the editor responsible for this story:
Steve Stroth at
sstroth@bloomberg.net

Tags :

  • * Financials lead fall

    * Mahindra Satyam drops 4.2 pct after Q4 loss

    * Analysts see some relief on correction in commodity prices

    (Updates to close)

    By Neha Singh

    MUMBAI, May 23 (Reuters) – Indian shares fell 1.82 percent
    on Monday,…

  • Print

Tags :

Anthony Wallace, left, and Toronto FCs Nick Soolsma tangle during the Rapids 0-0 draw Sunday at Dicks Sporting Goods Park.
(AAron Ontiveroz, The Denver Post
)

Tags :

Tom Hanks addresses Yale seniors, their families and their friends at Class Day exercises Sunday on Yales Old Campus.

  • 1
  • See Full Story

Tags :

(Kitco News) – Comex gold futures prices are trading near steady levels Monday morning, while silver is under modest selling pressure. The key outside markets–the US dollar and crude oil–are once again dictating price direction in many markets, including the precious metals.

The gold market is seeing limited selling interest early Monday, despite the bearish outside markets, as investor risk appetite has shrunk and has driven some safe-haven buying demand to the precious yellow metal. June gold last traded up $0.10 an ounce at $1,509.00. Spot gold last traded up $0.50 an ounce at $1,495.00. July Comex silver last traded down $0.397 at $34.69 an ounce.

The continually simmering European Union sovereign debt crisis has once again been moved to the front burner of the market place to start the trading week. Ratings agencies have again issued downgrades and warnings regarding the debt and financial condition of the so called PIG countries in the EU. This time its Greece that is garnering the most scrutiny in the market place. The EU debt crisis is not going to disappear and is an underlying bullish factor for safe-haven assets like gold.

Crude oil prices are trading sharply lower Monday morning as prices hover around $97.50 a barrel. Trading has turned very choppy in crude. News reports that Chinese economic growth may be sputtering, along with some recent weak US economic data, combined with the EU turmoil, has the market place reckoning demand for liquid energy has waned in recent months and may continue to do so. Crude oil has been and will continue to be the leader in the raw commodity market sector.

The US dollar index is trading sharply higher Monday morning, as the Euro currency slumps amid the renewed EU debt concerns. The dollar index bulls have quickly regained upside technical momentum as prices overnight hit a fresh seven-week high. A resumption of the near-term price uptrend in the dollar index has been bearish for the precious metals and most other commodity markets. If the dollar index continues to trend higher in the coming weeks, that would suggest many commodity markets, including the precious metals, may have put in at least near-term market tops. However, keep in mind that gold and the dollar index can rally in tandem if the market place perceives keener market uncertainty, such as a further, serious deterioration in the EU debt crisis.

US economic data due for release Monday includes the Chicago Fed national activity index.

The London AM gold fixing is $1,502.75 versus the previous PM fixing of $1,493.00.

Technically, June Comex gold futures bulls still have the overall near-term and longer-term technical advantage and have regained some upside technical momentum recently, including a bullish weekly high close on Friday. Price action, overall, the past three weeks has shown sideways consolidation on the daily chart. Bulls next near-term upside technical objective is to produce a close above solid technical resistance at $1,526.80. Bears next near-term downside price objective is closing prices below solid technical support at the May low of $1,462.50. First resistance is seen at the overnight high of $1,519.00 and then at $1,526.80. First support is seen at $1,500.00 and then at $1,490.00.

July Comex silver futures have seen near-term chart damage occur this month, but trading has also turned sideways and choppy recently. The longer prices trade choppy and sideways, the better the odds that the May low of $32.30 will hold. But if the May low cannot hold, that would be an ominous sign for the silver market bulls. The next downside price breakout objective for the bears is closing prices below solid technical support at $32.30. Bulls next upside price objective is producing a close above solid technical resistance at $37.00 an ounce. First resistance is seen at $35.00 and then at the overnight high of $35.40. Next support is seen at the overnight low of $34.49 and then at $34.00.

Follow me on Twitter. If you are not following me on Twitter, you are not getting key analysis and perspective as fast as you could! Follow me on Twitter to get my very timely intra-day and after-hours briefs on precious metals price action. The precious markets will remain very active. If you want market analysis fast, and in after-hours trading, then follow my up-to-the-second precious metals market perspective on Twitter. Its free, too. My account is @jimwyckoff .

By Jim Wyckoff of Kitco News; jwyckoff@kitco.com
Courtesy: www.kitco.com

Tags :

3 days ago

LISBON — Real Madrid striker Cristiano Ronaldo will return to the Portuguese national squad in time for the Euro 2012 qualifier against Norway, it was announced on Monday.

Ronaldo was absent due to injury from recent friendly matches but is now fully fit and part of Paulo Bento’s 23-man squad for the June 4 fixture.

At the halfway stage in qualifying unbeaten Norway lead Group H on 10 points, with Portugal second on seven after four games.

Goalkeepers: Eduardo (Genoa/ITA), Rui Patricio (Sporting Lisbon), Ventura (Portimonense).

Defenders: Bruno Alves (Zenit St Petersburg/RUS), Fabio Coentrao (Benfica), Joao Pereira (Sporting Lisbon), Pepe (Real Madrid/ESP), Ricardo Carvalho (Real Madrid/ESP), Rolando (FC Porto), Silvio (Sporting Braga).

Midfielders: Duda (Malaga/ESP), Andre Santos (Sporting Lisbon), Carlos Martins (Benfica), Joao Moutinho (FC Porto), Paulo Machado (Toulouse/FRA), Raul Meireles (Liverpool/ENG), Ruben Micael (FC Porto).

Strikers: Cristiano Ronaldo (Real Madrid/ESP), Danny (Zenit St Petersburg/RUS), Helder Postiga (Sporting Lisbon), Hugo Almeida (Besiktas/TUR), Nani (Manchester United/ENG), Varela (FC Porto).

Copyright © 2011 AFP. All rights reserved.
More »

Tags :

Former Sporting Braga coach Domingos Paciencia was on Monday appointed to the Sporting Lisbon hotseat.

The 42-year-old had announced before last weeks Europa League final between Porto and Sporting Braga – which Sporting lost 1-0 – that he would be moving on.

The former Portuguese international and Porto player started his coaching career in 2006 with Uniao de Leiria before moving on to Academica de Coimbra.

Paciencia guided Braga to second in the Portuguese league in 2009/2010, the best result in their history. He improved on that this season by taking them to their first European final.

He has been entrusted with returning Sporting Lisbon – who finished third this season – to their former glory as they won the last of their 18 league titles in 2002.

Tags :

4. Giants (6). Latest wrist injury to Mark DeRosa could be the end, making his the saddest in a season that has seen more than its share of injuries.

5. Phillies (4). Chase Utley is back in time for rematch of last years divisional series against the Reds. Time for the rest of the Phillies offense to return, too.

6. Yankees (15). What a debut: Right-hander Hector Noesi gives Yankees four scoreless innings to win 15-inning marathon in Baltimore, providing the difference between a so-so and a good week for the club.

7. Marlins (10). Josh Johnson makes the cover of Sporting News, promptly goes on the disabled list. Hey, were disappointed, too.

8. Rays (2). Joe Maddon uses five pinch-hitters in one inning and Rays manufacture three runs with one hit. But thats all they scored in the game as offense stalls.

9. Rangers (8). Pitching is holding up but offense could use a boost. Mondays return of Josh Hamilton and Nelson Cruz wont hurt.

10. Angels (9). What was more surprising: a) Offense goes cold, b) Torii Hunter loses a ball in the sun or c) that the sun was shining in Seattle? Go with b, barely over c.

11. Braves (2). About that Brian McCann breakout: Not quite. After his two clutch homers beat the Astros, McCann goes 3-for-20 and the Braves lose four of five.

Tags :

Posted at 10:27 AM ET, 05/22/2011
U.Va. graduation exercises this weekend
By The Associated Press

The University of Virginia is conducting final exercises for the Class of 2011, with President Teresa A. Sullivan presiding over her first graduation weekend.

The university’s 11 schools will award 6,248 degrees, and between 30,000 and 35,000 proud families and friends are expected to be in Charlottesville for the annual rite of spring.

Sunday, Gov. Bob McDonnell will give the commencement address. Two of McDonnell’s children, twins Bobby and Sean, are rising second-year students at U.Va.


U.S. Attorney General Eric Holder will speak to U.Va. law school graduates.
(Getty Images)
Also on Sunday, U.S. Attorney General Eric Holder will deliver the commencement address to U.Va.’s School of Law.

It is U.Va.’s 182nd final exercises.

By The Associated Press
 | 
10:27 AM ET, 05/22/2011

 

Save & Share: 

 

 

 

 

 

 

 

 

Previous:
East Coast rapes suspect due in court

Next:
It’s lights out at U-Md.!!!

Tags :