Wall Street to Main Street: News, Views and Commentary: May 10, 2006

Wednesday E ', May 10, 2006, and the hobby of metal is still the concern about the weakening of the dollar rises. Gold reached a level that has not been in over 26 years, reached the mark of $ 700 and move up on the way to $ 800 an ounce. Now, do not dismiss other metals like silver is the way you work with the mark of $ 20 which is closed in the number of $ 15. Other non-historical movement include copper, aluminum, zinc, platinum, palladium and the rest of the spectrum. Some analysts believe that crude oil makes its way to $ 80 a barrel, a sign that gold is just catching up and the signal could reach $ 1,000 or more. I guess nobody of his time would come so high, but with China looking to land of their gold bullion reserves to the tune of double or triple, $ 1000 or more can not be a stretch.Now for those of you who have not aware of the attacks in Spain and the collapse of Escala Group (Nasdaq: No VAT) we will give an update, the shares collapsed yesterday when the word is stressed that the government has raided the offices of scale due to fraud stamp investment. The stock closed $ 19.77 to close at $ 12.23 and falling, the only thing that has saved enough to fit on a single figure was the closing bell, but there is always a touch of openness. I bet the powers that be want this to Scale occurred on a Friday instead of a Tuesday.Keep note that Fed Chairman Ben Bernanke will speak today and who can communicate with a rise of over 5% to actually is expected to happen. So keep a close on bank stocks like Citigroup (NYSE: C), JP Morgan Chase (NYSE: JPM) and Bank of America (NYSE: BAC) for the opportunity, if the reserves should retire after today's announcement As explained on Wall Street to Main Street yesterday.The NAMC Newswire Wall Street to Main Street segment in its entirety is only available to subscribers. Do not miss out and keep in mind that all subscriptions are free and will remain that way. All you need do is go to www.namcnewswire.com and add your email address to receive the full segments. We value your privacy and all email addresses are only used for NAMC related items and not shared with third parties.We want to hear from our readers / listeners, please send us a line, maybe you have a question about a specific company , or maybe you want to introduce a company that you should know .. All you need do is shoot us out an email using our contact form on our website www.namcnewswire.com or call us toll free 888-463-9237 between the hours of 6:30 and 12 days after EST weeks. Your question may be a part of Wall Street to Main Street radio program is syndicated daily.Remember you can always listen to the NAMC radio at Streetiq.com leader in financial podcast. www.streetiq.com and is also available in iTunes.For a list of our "Furious Five" collects go to www.namcnewswire.com. To get them to send you all the days before radio on Wall Street to Main Street show only register on our site, its speed and FREE.Political FrontRussian President Vladimir Putin delivered a national address yesterday, but did not touch on the comments submitted by U.S. Vice President Dick Cheney, but this is not a surprise, as Putin speaks only of traditionally domestic issues, but make no mistake, they did not forget the comments. This may cost a little Cheney's Halliburton (NYSE: HAL), business potential in the region, as Russia is trying to build more pipelines near future.An nation has intensified unlikely to try to ease tensions in Iran, Indonesian President, Susilo Bambang Yudhoyono said that mediate in international negotiations to ease the tension on the Iranian nuclear aspirations.US Defense Secretary Rumsfeld said he supports the designation of an army general to head the CIA, but some critics see this as the Pentagon to extend the long delay reach.After former Italian Prime Minister Silvio Burlesconi caused as a result of the elections in Italy, finally, the next prime minister Romano Prodi can go to work. He said his center-left coalition to elect ex-communist in Italy, first as president and asked to form a government ShakersSome neighbor week.Movers and major movers in yesterday's trading session included OM Group (NYSE: OMG), which traded up $ 4.30 to close at $ 33.90, RTI International Metals (NYSE: RTI), which traded up $ 8.82 to close at $ 70.42, Chipotle Mexican Grill