a month agoNapoli goalscorer Llorente: I really wanted to face Liverpool

first_imgNapoli goalscorer Llorente: I really wanted to face Liverpoolby Paul Vegasa month agoSend to a friendShare the loveNapoli striker Fernando Llorente was delighted to score in victory over Champions League opponents Liverpool.Llorente was part of the Tottenham team beaten by the Reds in last season’s final.The veteran said: “I wanted to play against the Reds, I’m happy because we showed we could live with the big names. These three points are very important, but it’s just the first game: we still need a lot. “We have to think about game after game, it will be hard. “Scoring at the San Paolo is something incredible, I didn’t imagine starting this adventure like this.” About the authorPaul VegasShare the loveHave your saylast_img read more

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Knight Riders assistant coach Simon calls for better umpiring

first_imgKolkata: Kolkata Knight Riders assistant coach Simon Katich became the latest to join the bandwagon of coaches and players, who feel that standard of umpiring in the current season has left a lot to be desired. Though Katich was not forthcoming, he pointed out the contentious decision which went in favour of Delhi Capitals’ Shikhar Dhawan in Friday’s match against KKR. The southpaw, who survived a review on 11, went on to seal the match for the Capitals with an unbeaten 97. Also Read – Puducherry on top after 8-wkt win over Chandigarh”I don’t want to get into trouble. I will give a stock standard answer: It’s a tough job. Obviously last night, there was a contentious one (Dhawan) and unfortunately it didn’t go away,” Katich in a roundabout manner said what he intended to. The ongoing edition of the IPL has had quite a few umpiring controversies so far leading to top players like Mahendra Singh Dhoni and Virat Kohli coming down heavily on the standard of umpiring. While Dhoni’s latest conduct has not been above board, Katich was all praise for his leadership skills and ability to take the game deep. Also Read – Vijender’s next fight on Nov 22, opponent to be announced later”It will be interesting to see what the master in Dhoni goes with tomorrow. He seems to pull the right strings at the right time. He is so well prepared. There’s a lot of thought put into the team. He’s very clever in the way he uses his bowlers, his field positions,” said Dhoni. “We got completely outplayed in Chennai. But we feel our team suits our wicket as well with the quality spinners we’ve got. Unfortunately, we didn’t adapt to the conditions in Chennai. We thought it was a 180-wicket and it took us probably four overs to realise that and the game was done and dusted.”last_img read more

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The UConn Huskies Arent As Dominant As Before But Theyre Still Dangerous

Last weekend, the UConn women’s basketball team punched its ticket to a 26th straight Sweet 16 with an 82-74 win over Buffalo. It was business as usual except for one small detail: the Huskies are a No. 2 seed, making this the first year since 2006 that the Huskies are not a No. 1 seed. The selection committee’s decision was controversial, but UConn Coach Geno Auriemma shrugged it off, saying, “We’re not going to practice differently because we’re a 2 instead of a 1.”Auriemma surely hopes his team doesn’t play any differently, either, as the Huskies have advanced to the Final Four in each of the past 11 seasons. In that span, they have won six national championships.But seeding aside, are this year’s Huskies any different? After all, this team only lost two games and none in the American Athletic Conference. Are UConn fans right to be upset about the No. 2 seed, or is the seed a real reflection of the fact that this year’s Huskies aren’t quite as elite as their title-winning predecessors?2018-19 UConn versus 2015-16 UConnUConn most recently won an NCAA title in 2015-16, led by the dominant trio of Breanna Stewart, Moriah Jefferson and Morgan Tuck. That team went 38-0 and won by almost 40 points per game, including a 31-point victory over Syracuse in the national championship game. According to Her Hoop Stats, UConn led the nation in most traditional and advanced statistics, including points per game, points allowed per game, field goal percentage, points per scoring attempt, assists per game and block rate.As an exercise, I selected 23 statistical categories from Her Hoop Stats on which to compare the 2015-16 and the 2018-19 teams. These included statistics on offense and defense—and on shooting, rebounding, assists, steals, blocks and fouls — in an attempt to represent the full range of each team’s abilities. Eight of the statistics happened to be categories in which UConn led the nation in 2015-16. This year’s UConn team leads the nation in just one of these statistics — foul rate — and bettered the 2015-16 team’s numbers in only three. This year’s team holds opponents to a lower shooting percentage on three-pointers, records assists on a higher percentage of its baskets, and has a slightly lower turnover rate than the 2015-16 team. This year’s Huskies lag behind the 2015-16 champ teamBased on 23 selected offense and defense statistics comparing the 2015-16 and 2018-19 University of Connecticut women’s basketball team 2018-19 UConn forward Napheesa Collier vs. 2015-16 forward Breanna Stewart in 17 statistics where Stewart leads Collier 2015-162018-19Is 2018-19 better? Minutes per game32.529.1 Block rate4.7%11.9% Foul rate2.7%2.6% Field goal share7215634 Block rate16.1%10.5% Opponent points per scoring attempt0.790.82 Collier is averaging 21.1 points, 10.7 rebounds, 3.6 assists, 1.5 steals and 1.5 blocks per game for the Huskies. She ranks in the top 10 percent of players nationally in usage rate (27.0 percent), meaning that more than one in four Huskies possessions while she’s on the court ends with her shooting the ball or turning it over. (She registers an assist on another 21.5 percent of UConn possessions while she’s on the court.) Despite such a heavy workload, she is among the most efficient players in the nation, ranking 19th in field goal percentage (61.9%) and 22nd in points per scoring attempt (1.30).In March, anything can happen. Sometimes a player puts a team on his or her back and carries it to a championship. Basketball fans in Storrs know something about this: Kemba Walker did it for the UConn men in 2011 and Shabazz Napier followed suit three years later. In other years, the best team does win, as shown by UConn’s four undefeated seasons from 2008-09 to 2015-16. In other years, it’s a little of both — such as in 2002-03, a dominant season for the Huskies that Auriemma famously summarized as, “We have Diana [Taurasi] and you don’t.” This year, whether the title goes to an excellent team or to a transcendent individual talent, the UConn women have a good chance of taking home the trophy. The Huskies may not be quite as intimidating as they once were, but the 2-seed is still among the nation’s best. And, of course, they have Napheesa, and other teams don’t. Turnover rate11.0%10.0% Field goals attempted per game13.912.8 Steals per game7134256 Opponent 3-point share29.9%28.3%✓ Steals per game1.51.8 Opponent 3-point rate30.2%32.2% And here are the categories in which Stewart comes out on top: Source: Her Hoop Stats Rebounds per game6723414 Field goals made per game8.67.4 Total rebounding rate17.3%17.0% Assist-to-turnover ratio1.821.70 Source: Her Hoop Stats Season ranking 3-point share6215374 Foul rate15.6%16.9% Source: her hoop stats However, the 2015-16 team set an incredibly high bar; comparing any team to that team feels akin to saying, “These UCLA Bruins are OK, but they’ve got nothing on John Wooden’s 1972 squad.” Not only did the 2015-16 UConn team go undefeated, but it didn’t win a single game all season by fewer than 10 points. Seniors Stewart, Jefferson and Tuck became the first three picks in the 2016 WNBA draft — the only time three players from the same school have ever been the top three picks in the WNBA or NBA draft.2018-19 UConn versus UConn title teams since 2009Her Hoop Stats only offers advanced statistics on teams from the 2015-16 season to the present, but UConn makes plenty of traditional stats available in its women’s basketball archives. Here is how this year’s UConn team compares to the six most recent UConn champions in 16 categories: Offensive rebounds per game3.22.2 Opponent effective field goal share38.0%38.8% Assist rate21.5%22.7% Steal rate16.6%11.8% Blocks per game1.53.4 Assist-to-turnover ratio3131555 Opp. rebounds per game7126425 Opp. field goal share7523416 Points per game88.183.4 Opponent 3-point share4632517 Steal rate2.6%3.5% Opp. points per game7342516 3-point share28.0%42.6% Assists per game5132467 Turnovers per game1342675 Free throw share71.3%83.6% Assists per game3.64.0 Defensive rebounding rate72.6%69.9% Assist rate63.2%64.0%✓ Source: university of connecticut Opp. turnovers per game7146235 Free throw share4153267 Turnovers per game2.01.6 3-point rate28.5%30.5%✓ 3-point share38.1%36.3% Total rebounds per game10.78.7 Effective field goal percentage59.0%55.8% 3-point rate8.8%19.9% Points per game21.119.4 Opponent average win percentage59.5%56.2% Turnover rate14.2%14.1% Offensive rebounding rate11.6%9.4% 2018-19 UConn forward Napheesa Collier vs. 2015-16 forward Breanna Stewart in 11 statistics where Collier leads Stewart Defensive rebounding rate21.9%23.3% Assist-to-turnover ratio1.802.45 Collier (2018-19)Stewart (2015-16) Points per game4216573 Season Free throw share80.0%73.5% Record6th1st5th1st7th1st1st Possessions per 40 minutes70.970.8 Blocks per game7321456 Opponent turnover rate25.3%19.1% Usage rate27.0%26.8% Effective field goal share63.4%62.8% Points per scoring attempt1.301.32 2018-192015-162014-152013-142012-132009-102008-09 Fouls per game1.61.4 Collier (2018-19)Stewart (2015-16) Free throw rate15.9%16.0% Defensive rebounds per game7.56.6 This year’s UConn team ranks the best of the seven Huskies teams in just one category (fewest turnovers per game). It also trails the pack in several categories, most of which are on the defensive end. The 2018-19 Huskies generate the fewest steals and opponent turnovers of any UConn champion since 2009, allow the most points and the best shooting percentage, and give up the most rebounds. They are also shooting the worst percentage from the field, but they are still scoring more points per game than three of the previous six UConn champions.If you take the average in each statistical category, this year’s UConn team also ranks below average in all but two categories: turnovers per game and assist-to-turnover ratio. All together, these comparisons suggest there is some truth to the idea that this year’s UConn team isn’t as much of a juggernaut as it has been for most of the past 10 years.Where does that leave this year’s Huskies?Don’t panic, Huskies fans. None of this means the 2018-19 team cannot take home another championship. In fact, FiveThirtyEight’s March Madness predictions give UConn a 70 percent chance of making its 12th straight Final Four and a 16 percent chance of winning the championship. The latter is the third-best odds of any team left in the tournament. And UConn may have an ace up its sleeve in the form of senior Napheesa Collier. The 6-foot-1 forward was inexplicably left off the list of four finalists for the 2019 Naismith Player of the Year Award, but many of her numbers actually compare favorably to what three-time Naismith Player of the Year Breanna Stewart did in her senior year in 2015-16. Here are the stats in which Collier tops Stewart: Total rebounding rate57.9%54.6% Opponent points per game48.355.3 Offensive rebounding rate39.8%35.6% Points per scoring attempt1.231.17 This year’s Huskies aren’t quite at previous levelsHow the six recent UConn championship teams and the 2018-19 rank in selected statistics read more

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Smith cherishing moments in the Shoe

Senior offensive lineman Connor Smith never takes the feeling of running into the Horseshoe on game day for granted. “I think if you don’t feel something every time you go in front of 105,000 people, there is something wrong with you,” Smith said. Smith has been used to the big stage since his high school days at Colerain High School in Cincinnati. He was a highly touted recruit, tabbed with labels such as 2005 Gatorade Ohio Player of the Year and Greater Miami Conference 2005 Offensive Player of the Year. The 6-foot-4-inches, 313-pounder was named first team All-Ohio in 2004 and 2005 and was on the 2006 Parade All-America team. Smith was also invited to the U.S. Army All-America Bowl in San Antonio, Texas, following his senior season at Colerain. Five years later, Smith is nearing the home stretch of his career as a Buckeye, but he would rather think about the tasks ahead. “I try not to think about it,” Smith said. “We have to get better because we can’t get to where we want to go if we are not progressing.” Smith redshirted his freshman year at OSU in 2006 and earned his first varsity letter the following season in 2007 playing some at the right guard position. Smith also won letters his sophomore and junior seasons, providing stability to a deep offensive line, mostly in a backup role. A seasoned veteran in his fifth year with the Buckeyes, Smith knows that this year’s team has to improve every day if it want to accomplish its goal to be national champion. “Every day we work on what we need to accomplish that day,” Smith said. “We need to improve efficiency when we are running the ball.” Smith also stresses the importance of winning games on the road, especially after scares like the team had at Illinois earlier in the season. “Being away from home is different; we have got to improve on the road definitely,” Smith said. Smith may always be thinking of ways the team needs to improve on offense, but is happy to be part of the offensive line where all the players seem to clique. “The O-line is a tight-knit group,” Smith said, “the tightest group out of everyone on the team.” Though Smith isn’t in the starting line-up, he takes every opportunity to be a leader for the younger players. “You just try to give them tid-bits about something you see in their game,” Smith said. Smith may be running out of time as a Buckeye, but makes the most out of every day for one last run at a championship. read more

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Football Backup quarterback battle too close to call for Meyer after airraid

OSU redshirt sophomore quarterback Joe Burrow (10) catches a snap during the Spring Game at Ohio Stadium on April 15, 2017. Credit: Jack Westerheide | Social Media EditorAfter the 2016 spring game, then-redshirt freshman quarterback Joe Burrow said he wasn’t ready to assume the role of backup quarterback. Now-redshirt freshman Dwayne Haskins wasn’t in the mix for the job yet, having not arrived at Ohio State.On Saturday in the 2017 spring game, the two threw a combined 59 passes, completing 40 of them. Haskins was 21 for 32 with the Gray team and 5 for 5 with Scarlet. Burrow was 14 of 22 for Scarlet. Now exiting spring camp heading toward summer workouts and fall camp, whoever wins the backup quarterback job feels confident enough to be the next man up behind redshirt senior quarterback J.T. Barrett.Haskins had the most opportunities in the passing game, playing for nearly the entire game on the Gray squad after Barrett played just the first quarter. Haskins completed five passes for more than 20 yards, throwing for 283 yards, three touchdowns and no interceptions. Burrow connected on three such passes, accumulating 262 passing yards and three touchdowns on the day.Burrow said that the game has slowed down for him quite a bit from a season ago.“I see just about everything that’s going on on defense, know the offense way better — the ins and outs, what’s going on up front,” he said.Burrow and Haskins each stood in the pocket and sprayed the ball all over the field, not being afraid to throw it deep and let the receiver make a play in the air. The effect of a Ryan Day-Kevin Wilson offense was on full display for the first time for the Buckeyes and the passing game reflected that change the most.Burrow came into the spring game as the clubhouse leader for the backup quarterback job, but after a strong performance from both the Athens, Ohio, native and Haskins, OSU coach Urban Meyer will have a decision to make come fall.“I know it is very close. But I’m not prepared to say who is (No.) 2, who is (No.) 3, et cetera, yet,” Meyer said.Meyer continued saying that all four quarterbacks — Barrett, Burrow, Haskins and freshman Tate Martell — have been exceptional during spring camp. He added Haskins and Burrow played well Saturday.In his first time playing in a game scenario, Haskins confirmed beliefs about his arm. He overthrew receivers at time, but dropped in a few long passes on target to redshirt junior wide receivers Johnnie Dixon and Terry McLaurin for his three touchdowns.When asked whether or not he thought Burrow and Haskins are ready to be the quarterback on deck, Dixon emphatically said he’s confident Burrow and Haskins each can be the leader of the offense, if need be.Haskins said that he did what he sought out to do this spring and did enough to win the backup job. But until fall camp, he and Burrow will have to wait to prove they’re the right choice to be the next up after Barrett.“As far as the competition goes, we’re just going back and forth rotating twos, ones,” Haskins said. “Doing everything we need to do to get each other better.” read more

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Fred explains his adaptation to England

first_imgThe Manchester United footballer played in his native Brazil and in Ukraine, and this will be his first season in the English Premier LeagueFor Brazilian footballer, Fred, adapting to the English Premier League is not easy.But the Manchester United player is doing all he can to adapt quickly to his new competition and team.When asked about how his English is going, he said: “I managed to do some classes in Ukraine but people there didn’t really speak English. They spoke Russian so that’s what I learned there. I didn’t get to practice much English but now I’m here and I’m going to classes.”“I want to learn as quickly as possible because I know it will help me to integrate and adapt here. I already know a lot of sentences, many words – ‘How are you?’ I know how to communicate. I’m studying so hopefully I will be better in no time,” he said to the club’s official website.Roberto Firmino, LiverpoolVirgil van Dijk praises Roberto Firmino after Liverpool’s win Andrew Smyth – September 14, 2019 Virgil van Dijk hailed team-mate Roberto Firmino after coming off the bench to inspire Liverpool to a 3-1 comeback win against Newcastle United.“The first time I got a car it felt really different to drive on the opposite side. In other countries it’s different and here the ‘right’ side seems weird.”“On the first day when I arrived during pre-season, I went to the training ground and they left a car for me to drive to the hotel. I had to figure it out and learn. Now it’s okay, I’ve adapted to that and slowly I will adapt even more,” he commented.Would he give his younger self any advice?“I don’t think I would give any advice. When we are kids we live without thinking about the consequences. We do things our own way, we make mistakes but those are all lessons to learn. If, when I was I, child, I hadn’t done the right and wrong things I’ve done I wouldn’t be here today.”last_img read more

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Atletico Madrid manager responds to Thibaut Courtoiss comments

first_imgAtletico Madrid manager Diego Simeone has responded to comments made by Thibaut Courtois after the Real Madrid goalkeeper criticized him.The Belgium international accused his former manager of constant attack against the European champions in order to boost his popularity amongst Atletico Madrid supporters.Courtois’s comments came after Croatia captain and Real Madrid teammate, Luka Modric accused Simeone of constantly trying to undermine the Los Blancos after the Argentine said either Antoine Griezmann or Raphael Varane should have won Ballon d’Or ahead of Luka Modric.Speaking in his pre-match press conference ahead of Atletico’s clash against Espanyol on Sunday, Simeone said, as quoted by Goal:Gerard Pique, Neymar, BarcelonaLa Liga Betting: Match-day 4 Stuart Heath – September 14, 2019 Despite it being very early into La Liga season, both Barcelona and Real Madrid have had unprecedented starts to their campaigns. With this in…“I’m very respectful with him,” he said of Courtois.“I don’t understand what he wanted to say.”Simeone’s Atletico Madrid are currently seated in third position in the Spanish LaLiga, two points ahead of Rivals Real Madrid after 16 round of matches.last_img read more

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San Diegans report hearing mysterious boom and shaking across the county

first_imgSan Diegans report hearing a “boom” and shaking in East County. Did you hear or feel it? pic.twitter.com/TotXngwtEe— KUSI News (@KUSINews) November 2, 2017 Heard it in Tijuana. Windows rattled. No movement and I live in the 4th floor— ENZO (@Enzolote) November 2, 2017 Categories: Local San Diego News FacebookTwitter Posted: November 2, 2017 November 2, 2017 SAN DIEGO (KUSI) — A mysterious “boom” rattled San Diegans Thursday, with reports of the loud noise and shaking from all across the county.Reports of the unidentified sound and concurrent shaking began circulating on social media shortly before 11 a.m.There were no earthquakes reported in the area, according to the United States Geological Survey website. San Diegans report hearing mysterious ‘boom’ and shaking across the county Felt and heard it just before 11 AM, in Jamul.— Richard Allen (@Unit1917) November 2, 2017The cause of noise is still unknown at this time. Check back for more updates on the story. , last_img read more

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Borough Mayor Proposes Funding Cuts To Schools And Tourism Industry

first_imgThe borough assembly will hold a special meeting on both items at 6 p.m., on July 6. The first line-item veto would cut more than $650,000 in education funding to the Kenai Peninsula Borough School District. This amount was added to the budget by the assembly at its July 6th meeting when the budget was passed. Facebook0TwitterEmailPrintFriendly分享Kenai Peninsula Borough Mayor introduced two line-item veto items this afternoon, for the agenda at this evenings borough assembly meeting, aimed at cutting funding towards both the school district and the tourism and marketing industry. The mayor is now proposing cutting back to his original proposed funding amount of $100,000. Mayor  Pierce: “We are not in a position to spend more money from the general fund, fund balance without assured additional revenue.”center_img Both items failed to obtain the required 6-3 votes in order to make it on this evenings agenda, citing a lack of adequate time to inform the public. Now, the Kenai Peninsula Borough Assembly will be holding a special hearing on the two items on July 6. The second line-item veto targeted by Mayor Pierce was funding towards  the Kenai Peninsula Tourism and Marketing Council. The assembly approved to fund the organization $306,000 in the budget that was approved two weeks ago.last_img read more

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Events Digital Ads Raise B2B Revenues by 27 Percent

first_img ​Connectiv’s Business Information Network report is based on calculations of the size of the industry and aggregated data from several sources that report on revenues. Event revenue is supplied by CEI, print advertising data is supplied by IMS. B2B digital advertising revenues are estimated by Connectiv and based on information by IAB. Information on data is supplied by Outsell and supplemented by public information and Connectiv estimates.  Revenues went up in the B2B media and information industry by 2.7 percent in 2015, according to the Connectiv Business Information Network report. Events account for the majority of revenue across the B2B media industry, with $12.65 billion dollars in revenue, up 3.7 percent. Overall, trends point to a new mix in revenue streams. Today, print accounts for 23 percent of all revenues, down from 33 percent in 2009. Source: Connectiv’s BIN Report Source: Connectiv’s BIN Reportcenter_img Matt Kinsman, VP of content and programming at Connectiv, wrote that he expects that most Connectiv members will self-classify as “business information services” rather than “business media” by 2020. Kinsman also expects paid content and data/information services to pick up speed moving forward. Meanwhile, digital advertising and data/business info have both steadily risen since 2009. Digital ads went from 10 percent of revenues in 2009 to 22 percent of revenues in 2015. Data went from 8 percent of revenues in 2009 to 11 percent of revenues in 2015. Year-over-year, digital advertising grew 17.4 percent, while data grew by 2.7 percent.  The report credits growth in digital advertising/marketing, a steadily growing events industry and a rise in data and information services, for increased revenues to $28.35 billion in 2015, from $27.6 billion in 2014. Print and digital advertising are nearly tied, bringing in $6.4 billion and $6.3 billion respectively. However, this marks a steep decline from print advertising, which dropped 4.1 percent year-over-year. Print ads were worth $6.7 billion in 2014, down from $7.6 billion in 2009.Source: Connectiv’s BIN Report Connectiv reports that exceptions to this is trend can be seen in three of the 22 vertical categories: Architecture, healthcare and automotive publications all saw an increase in print advertising revenue.last_img read more

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No major breakthrough in dialogue

first_imgPrime minister speaks at a dialogue between Awami League-led 14-party alliance and Kamal Hossain-led Jatiya Oikya Front, at prime minister`s official residence Ganabhaban on Thursday. Photo: BSSRuling camp and opposition leaders on Thursday completed their first round of dialogue, but without any thaw in the country’s political deadlock over holding of the new general elections in a free and fair manner.After the talks at Ganabhaban, none of the participants reported any progress in most critical issues, especially formation of a poll-time government and release of BNP chairperson Khaleda Zia.”Our leaders raised complaints and relevant issues. We, however, didn’t get any special solution over there,” Kamal Hossain, leader of Jatiya Oikya Front, told newsmen at his Bailey Road residence around 11:45pm.On the Ganabhaban compound, ruling Awami League general secretary Obaidul Quader termed the dialogue successful.Opposition BNP secretary general Mirza Fakhrul Islam Alamgir twice said his party is not satisfied with the discussion. “Our [demonstration] programme will continue,” he told newsmen.Leaders of ruling Awami League-led 14-party alliance and Jatiya Oikya Front led by Kamal Hossain join for a dialogue at Ganbhaban in the city on Thursday night. Photo: Collected At the talks, the BNP leader iterated the seven-point demand of the Front. Premier Hasina made opening remarks but did not touch on the pending issues.The demands include installation of a neutral interim government, dissolution of parliament, reconstitution the election commission, release of all the political prisoners, deployment of army and cancellation of the move to use EVM for holding the next polls in fair and acceptable manner.Ruling Awami League-led14-party alliance coordinator Mohammad Nasim enters Ganabhaban to join talks with Jatiya Oikya Front leaders on 1 November. Photo: Dipu MalakarWhen asked if there was any new decision on election-time government, Quader only referred to the constitution which has no caretaker government provision after the AL government scrapped the system in 2011.He also called irrelevant the issue of release of Khaleda Zia. “It’s a matter of law and the court. We didn’t frame those cases against her, rather the caretaker government did it.” the AL said.Claiming that the two sides — AL-led 14-party alliance and Jatiya Oikya Front led by Kamal Hossain — agreed on a few issues and they would hold further talks after 8 November.”If they want to join the talks, the prime minister’s door is open and such talks may be held after 8 November,” the AL leader added.Kamal Hossain said there was no progress except one issue — holding public rallies without any disturbances created by the law enforcement.”There will be no barrier to holding meetings and rallies. The prime minister has already asked the law enforcement in this regard,” Subrata Chowdhury, executive president of Gano Forum and leader of the Front, said while reading out the formal statement.About the allegations of concocted cases, both Quader and Subrata said the coalition leaders raised it with the prime minister who asked them to submit a list for taking necessary steps.Jatiya Oikya Front chief Kamal Hossain in front of Ganabhaban to join talks with 14-Party leaders, led by prime minister Sheikh Hasina on 1 November. Photo: Dipu MalakarThe Front leaders demanded delaying announcement of polls schedule, but prime minister Sheikh Hasina said this is the jurisdiction of the election commission, the leaders of the two camps said.“Prime minister assured Oikya Front leaders of allowing foreign observers to oversee the elections. Regarding their reservation on use of electronic voting machines (EVMs) in polls, the prime minister said EVMs would be used in a limited scale.”BNP secretary general Mirza Fakhrul Islam Alamgir enters Ganabhaban to join talks with 14-Party leaders, led by prime minister Sheikh Hasina on 1 November. Photo: Dipu MalakarThe two sides held talks for more than three hours beginning around 7:00pm.Prime minister Sheikh Hasina led a 23-member delegation of the 14-party alliance while Kamal Hossain led the 20-member team including senior BNP leaders.The talks were held following the AL president, prime minister Sheikh Hasina’s response to Kamal Hossain’s letter earlier this week, urging her to hold dialogue.last_img

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Amazon Music Launches Free Streaming Tier Through Alexa Only for Now

first_img ×Actors Reveal Their Favorite Disney PrincessesSeveral actors, like Daisy Ridley, Awkwafina, Jeff Goldblum and Gina Rodriguez, reveal their favorite Disney princesses. Rapunzel, Mulan, Ariel,Tiana, Sleeping Beauty and Jasmine all got some love from the Disney stars.More VideosVolume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard Shortcutsplay/pauseincrease volumedecrease volumeseek forwardsseek backwardstoggle captionstoggle fullscreenmute/unmuteseek to %SPACE↑↓→←cfm0-9Next UpJennifer Lopez Shares How She Became a Mogul04:350.5x1x1.25×1.5x2xLive00:0002:1502:15 Popular on Variety Over the past few years, Amazon has quietly become the third-largest streaming service in the world, behind Spotify and Apple Music — a fact that is obscured by its relatively small place in Amazon’s gargantuan business. However, led by VP of Music Steve Boom, over the past couple of years the company has been pushing harder into the music space, with exclusive features on big artists with new releases — such as its one-time-only “SoundBoard” specials with U2, Elton John and Justin Timberlake — and generally making more noise about its offerings. This move is clearly an attempt to gain greater leverage in the music world — and, not least, to provide more advertising opportunities for its partners and products.center_img Amazon Music today basically soft-launched its free streaming tier, in which U.S. customers of its Alexa voice assistant will have access to top Amazon Music playlists and thousands of stations, at no cost. The limited access that the new free service provides — it’s only available through Alexa, and when the listener requests a song, it leads to an Amazon playlist or station, rather than an album — is presumably the first phase of a full ad-supported (i.e. free, with ads) streaming tier that will launch at some point in the future.“Beginning today, customers in the U.S. who do not yet have a Prime membership or a subscription to Amazon Music Unlimited will now be able to listen to an ad-supported selection of top playlists and stations for free with Amazon Music on compatible Alexa-enabled devices,” the announcement reads. “Customers now have access to play a station based on a song, artist, era, and genre, and to hear some of Amazon Music’s top global playlists including Country Heat, Fuego Latino, Pop Culture, and more.”last_img read more

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Exhibhiting a new beginning

first_imgThe summer is beating down long and hard on the capital of India. Majority of people run off to the mountains to escape summers by taking holidays or gather in evenings and arrange fun things to do.Artz Fine Arts gallery will soon be giving the art lovers in Delhi something to look forward to in this sweltering weather. The gallery brings their unique concepts together in an exhibition titled  Tabula Rasa. The term Tabula Rasa is a term from Latin vocabulary. The term meaning ‘clean slate’ or effectively a ‘new beginning’.  Also Read – ‘Playing Jojo was emotionally exhausting’This exhibition is one of the first of its kinds to happen and  will kick off in September with a preview taking place this month. The exhibition has been well  planned to promote the upcoming talents in visual arts.Tabula Rasa will showcase ten shows in ten weeks’ time; every week will have seven different artistes from all over the nation and from across the globe. Regarding the show, the gallery director Manoj Sejwal said, ‘This gallery is entirely a new venture for me, being a Delhi guy and based in Lado Sarai I have always observed different galleries promoting artists and their talents, but somewhere I felt a bleak about those who never got a chance to be a part of it.’  Also Read – Leslie doing new comedy special with Netflix‘My idea of this gallery and this show is to promote and do art for arts’ sake’.‘All ten shows will have curated approaches regarding their display and montage,’ says curator Debabrota Das. Moreover the market is not about branded works, it’s all about good works just like this show.’ he added.The first show of Tabula Rasa is planned in July and the participating artistes in this show are Gazal Alagh, Meena Laisaram, Ritu Singh, Ritu Gupta, Shiv Kiran, Kamal Nath, Shagun Mohindra,Tanushree Singh and Sheetal Gulati. The show will exhibit a variety of art forms such as mediums like paintings, sculptures and photography.To give it a formal start, the gallery has arranged for a wine and cheese evening on 19 July.  The evening will witness  eminent TV actor Ashok Pandey, artists Asit Kumar Patnaik and Jagganath Panda who will open the show. So mark your calenders and head over!last_img read more

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Vietnam 14 dead after scaffolding collapses

first_imgPolice say at least 14 people were killed and 28 others were injured when scaffolding collapsed at a construction site in central Vietnam.Deputy police chief in Ha Tinh province, Bui Dinh Quang, said on Thursday that all the victims were Vietnamese subcontractors hired to work on a seaport breakwater project led by Samsung C&T Corp, a unit of Samsung Corp of South Korea. Quang says it is not known if any more workers are trapped in the rubble. Police and rescue workers are searching through the rubble trying to find any survivors from the yesterday night accident. The Son Duong seaport is part of the Vung Ang economic zone where Taiwan’s Formosa Corp. is building a multi-billion dollar steel complex.last_img read more

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Snowstorm batters parts of Midwest 100s of flights cancelled

first_img CHICAGO — A wintry storm brought blizzard-like conditions to parts of the Midwest early Monday, grounding hundreds of flights and causing some road traffic chaos as commuters returned to work after the Thanksgiving weekend.The Chicago Department of Aviation reported early Monday that average departure delays at Chicago’s O’Hare International Airport are 77 minutes, and the flight-tracking website FlightAware reported that more than 350 flights headed to or from the U.S. were cancelled.Heavy snow was expected to continue through the early hours of Monday with up to a foot (30 centimetres) of snow expected in Chicago, including wind gusts of up to 50 mph (80 kph) likely to cause whiteout conditions, according to The National Weather Service.Parts of southeastern Wisconsin, just north of Chicago, suffered a glancing blow from the storm, with about 9 inches (23 centimetres) of blowing and drifting snow.On Sunday, Gov. Jeff Colyer declared a state of emergency after 2 to 14 inches (5 to 36 centimetres) of snow fell in parts of Kansas. The state Department of Transportation reported several road closures Monday, mostly in the extreme northeast, but said a stretch of Interstate 70 that had been closed on Sunday was reopened.More news:  Visit Orlando unveils new travel trade tools & agent perksThe National Weather Service said that 3 to 9 inches fell across northern Missouri on Sunday. The Missouri State Highway Patrol reported multiple fender-benders but by midmorning on Monday the Department of Transportation said all roads were opened. Flights were mostly on time Monday at Kansas City International Airport, one day after the storm caused widespread delays. Share Snowstorm batters parts of Midwest, 100s of flights cancelled << Previous PostNext Post >> Monday, November 26, 2018 Tags: Chicago, Snow Storm, Weather By: The Associated Presslast_img read more

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CBRE Group Reports Continued Growth in Commercial Real Estate

first_img The U.S. commercial real estate (CRE) market continued to look better in the first quarter of 2013, according to “”CBRE Group, Inc.””:http://www.cbre.com/EN/Pages/Home.aspx[IMAGE]The latest analysis from the CRE services and investment firm shows vacancy levels dropping or remaining level across all commercial sectors as demand continues to rise.””Retail locations and warehouse buildings had their best quarter in terms of vacancy/availability declines in several years as a result of a more confident consumer. Higher spending on consumer goods led to improved occupancy in both property types,”” said Jon Southard, managing director of CBRE’s Econometrics Advisors group. “”Recovery also remained on track in multifamily and office, although demand did not dramatically outpace new supply during the quarter in either of these sectors.””The office vacancy rate fell 10 basis points to 15.3 percent, 70 basis points below last year’s first-quarter rate. Suburban markets continued to outpace downtown markets in the first three months of 2013, with the suburban vacancy rate falling 10 basis points to 17 percent and the downtown rate remaining flat at 12.4 percent.Office vacancies have fallen for 11 consecutive quarters now, CBRE Group reported.Local market performance was more mixed, with vacancy declining in 31 of the 63 markets tracked. The best performers last quarter were smaller markets, including Austin and Las Vegas (with vacancy rate declines of 120 basis points each). Most “”gateway”” markets (including Boston, Chicago, Los Angeles, New York, and San Francisco), meanwhile, struggled.””Private-sector hiring has been solid, as companies have largely shrugged off government spending cuts,”” Southard said. “”However, due to the sequester we expect further [COLUMN_BREAK]cutbacks in federal and state spending in the coming quarters. These cuts will likely only slow total employment growth–not stop it. As a result, office occupancy should continue to improve for the remainder of 2013, albeit at a slower pace than last year.””Vacancy in the industrial market had an availability rate of 12.3 percent in Q1, down 230 basis points from its recessionary peak. According to CBRE Group, the recovery is broadly based, with 48 markets posting declines, seven showing increases, and five unchanged quarter-over-quarter.The recovering auto industry provided a large boost to certain manufacturing markets and led the industrial recovery in Q1. In total, availability fell 100 basis points or more in 10 markets, including Boston, Chicago, Raleigh, and Trenton. In the retail sector, the availability rate was 12.5 percent in the first quarter, a decline of 30 basis points from Q3 (the largest drop since 2005).Notably strong performers included Richmond, Charlotte, Cleveland, Memphis, and Phoenix. Each recorded a decline of 60 basis points or more. At the other end, Tampa, Fort Lauderdale, and Birmingham saw availability increase, largely as a result of the housing crisis driving retail growth to better-performing markets.The apartment market saw vacancy standing flat at 5.1 percent. Despite slow growth in demand, the market remains tight by historical standards, with the four-quarter trailing average rate remaining at 4.9 percent (40 basis points below the long-term norm).Compared to last year, vacancy declined in 23 of the 63 markets monitored, including Orlando, Atlanta, Cleveland, Albuquerque, and Cincinnati. With occupancy staying slightly below the historical norm, CBRE Group expects effective rent growth will remain healthy this year as the economy continues to recover. “”With effective rents now well above their pre-recession levels in most major markets, new apartment construction picked up in recent months and completions are bound to return to historical norms towards the year’s end. This will temper rent growth, slow the pace of declines in vacancy and in many markets, will contribute to rising vacancy rates in the near term,”” CBRE Group said in a release. in Data, Origination April 8, 2013 503 Views CBRE Group Reports Continued Growth in Commercial Real Estatecenter_img Share Agents & Brokers Attorneys & Title Companies CBRE Group Commercial Real Estate Investors Lenders & Servicers Rental Properties Service Providers 2013-04-08 Tory Barringerlast_img read more

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first_imgSponsor Advertisement The only question to be answered is…how much more is left to go to the downside.I was expecting another leg down in the precious metals sometime between Christmas and New Years…but it began yesterday.  Ted Butler had been expecting since the Sunday night open in New York.Gold rose gently in early Far East trading, with the ‘high’ tick…around $1,702 spot…coming shortly after 1:00 p.m. in Hong Kong…and by the Comex open it was back to unchanged from Monday’s close.The first of many engineered price declines began shortly before 10:00 a.m. in New York…which may have been an early London p.m. gold fix.  It was sold down in stair-step fashion from there, with the final down-leg coming shortly after the 1:30 p.m. Comex close.  That was gold’s low price tick of the day…recorded by Kitco as $1,660.10 spot.From there the gold price recovered somewhat…but that smallish rally only lasted until 4:00 p.m. Eastern…and then it traded sideways into the 5:15 p.m. electronic close.Gold finished the Tuesday session at $1,670.90 spot…down $27.20 for the day.  Net volume was a very chunky 195,000 contracts.Of course it was silver that JPMorgan et al were really after…and they certainly did a number on it.  The sell-off was much more severe, but the price pattern was the same, so I’ll spare you the play-by-play.Silver’s high tick…around $32.55 spot…came shortly before noon Hong Kong time.  The low price tick, like gold’s, came ten minutes after the Comex close…and Kitco reported that as $31.25 spot.The subsequent rally pared the losses by a bit…and silver finished the day at $31.64 spot…down 64 cents on the day.  Once again silver had an intraday price move of well over a dollar.  Net, volume was pretty decent at around 46,000 contracts…but with a price decline of that magnitude, I was hoping for more.The dollar index started the Tuesday trading session at 79.56…then rallied a hair until shortly after the London open before starting to weaken…with the biggest decline coming between 10:00 a.m. and 11:15 a.m. in New York.  The index nadir [79.27] occurred at that point…and the dollar index closed at 79.36…down about 20 basis points from Monday’s close.Only Jon Nadler could find a co-relation between the precious metal price activity and the dollar index on a day like yesterday…as any sane and rational person would see no relationship at all.  But if you do see some, I’d love to hear your explanation.The gold stocks held up surprisingly well in the early going, but it was the engineered price decline between 11:20 a.m. and precisely 12 o’clock noon in New York that did the most damage to the shares.  But once the low was in at 1:40 p.m….the gold stocks recovered…and the HUI only finished down 1.43%.Not surprisingly, the silver stocks got hit harder…and Nick Laird’s Intraday Silver Sentiment Index closed down 2.10%.(Click on image to enlarge)Considering the bear raid by “da boyz” yesterday, the shares held up remarkably well…and don’t forget about what I [and others] have said about buying “while blood is running in the streets”.  That expression fits the circumstance before you, perfectly.The CME’s Daily Delivery Report showed that 154 silver contracts were posted for delivery tomorrow.  Jefferies was the short/issuer on all of them…and the Bank of Nova Scotia and JPMorgan were the biggest long/stoppers with 116 and 27 contracts respectively.  Even with the year starting to wind down, I’m still expecting a reasonable amount of delivery activity between now and then, as the CME reported that there are 325 gold and 636 silver contracts still left open for the December delivery month…from which you have to subtract the 154 silver contracts mentioned above.  The link to yesterday’s Issuers and Stoppers Report is here.There were no reported changes in either GLD or SLV yesterday.Switzerland’s Zürcher Kantonalbank updated their gold and silver ETFs as of December 17th.  Their gold ETF showed an increase of 28,964 troy ounces…but their silver ETF showed a decline of 498,112 troy ounces.The U.S. Mint had a smallish sales report yesterday.  They sold 7,500 ounces of gold eagles…and that was all.The Comex-approved depositories reported receiving 218,678 troy ounces of silver…and shipped 301,002 ounces out the door on Monday.  The link to that activity is here.Well, I received an ‘answer’ from the ombudsman over at Scotiabank on Monday, but it sat unopened in my in-box until yesterday, as I didn’t want what I said in my Tuesday column to be influenced by what was in the reply.I didn’t need to worry, as he weaseled his way out of answering it in almost the same manner as the first time.  He could have easily have found the answer to my question, as it would certainly be at hand if he’d been allowed to give it to me.Here are the entire contents of his e-mail…Dear Mr. Steer, I am responding to your attached follow-up e-mail, I wish to begin by assuring you that I am not trying to increase your frustration level but I must say that, as I have stated earlier, I find Scotiabank’s earlier response to you to be perfectly reasonable.   In fact, I find it completely logical that any clarification about information in an article published by the Commodity Futures Trading Commission should come directly from the Commodity Futures Trading Commission. Yours truly, Charles Dougall OmbudsmanIn the end, it was another “non-denial denial”.  They just chose to get out of it by answering a question that I never asked…and avoided the direct question that I did ask.  I don’t think they’re being obtuse…I just think that they don’t want to tell the truth.  It’s for this very reason that I suspect Scotiabank/Scotia Mocatta of being the “new non-U.S. bank” that suddenly got outed by the CFTC in the November Bank Participation Report.  Scotiabank could have ended it all by just telling me…no, it wasn’t them.  But they didn’t say that…and I’m suspecting that the reason is because they didn’t want to get caught in a lie later.  I guess that’s the lesser of two evils than being caught telling the truth at this point in the game.If you didn’t read it, or don’t remember the question I presented to the ombudsman, the link to yesterday’s GSD column is here.The Queen and The GoldI stole this photo from Eric King’s website…and it’s posted in one of his blogs with James Turk further down in this column.  I’m still thunderstruck that Her Majesty [and Prince Philip] were trotted out.  There is obviously big trouble in River City that we just aren’t privy to.Here are a couple of charts that Nick Laird sent my way yesterday…and both are show-stoppers.  The first shows how many ounces of gold can be bought for $1,000 going back to 1718.(Click on image to enlarge)This second chart shows the lost purchasing power of the U.S. dollar in percentage terms over the same 300-year period.  One chart is actually a ‘derivative’ of the other.(Click on image to enlarge)They don’t teach this stuff in school…and as you’re probably already beginning to suspect, there’s a good reason for that.  They don’t want the sheeple to know how badly their being fleeced…and by whom…and why.Here’s a cute photo that my sister sent me yesterday…and you though squirrels on your roof were a problem.I have a more reasonable number of news items for you today…and I hope you can find time to wade through them the ones that interest you during the busy holiday season that we all face.It is one thing for an exchange to rush to the aid of important members when an outsider may be doing something wrong and against the insider members’ interests; but it’s a very different story if there was no outside wrongdoing and the insiders were the guilty party. That’s exactly what happened in 2011 on separate occasions…and is still happening to this day in COMEX silver. It is a circumstance without precedent, namely, an exchange working against the public’s interest when there is nothing that the public is doing that is wrong. The thought that the New York Stock Exchange would diligently work to lower overall stock prices is too absurd to contemplate, as it would be shooting itself in the foot. But that’s exactly what the COMEX is doing in silver. The exchange should care less about price levels, but because the most important member of the COMEX (JPMorgan) is up to its eyeballs on the short side, that forces the exchange to be an active partner in attempting to bring about lower silver prices. This is so bad, it is almost inconceivable. Yet the evidence is right in front of us. – Silver analyst Ted Butler…15 December 2012Well, yesterday’s price action in New York should leave no doubt in anyone’s mind that JPMorgan Chase and the rest of their Merry Men showed up in New York yesterday. Using my Ovaltine secret decoder ring…and holding the Kitco chart up at a 33 degree angle in polarized light, it was easy to spot the secret message inscribed in the silver chart.  It said “Season’s Greetings to all.  Up yours. Jamie…et al“The only question to be answered is…how much more is left to go to the downside.  The gold price took out its 200-day moving average by a whisker yesterday…but did not close below it.  Silver still has a ways to go yet.  But can they, or will they do more to the downside?  I don’t know for sure, but suspect that the answer is yes.If they are clearing the decks for a major price rise in the New Year to correspond with the Fed’s attempt to raise the velocity of money by increasing the inflation rate…by a U.S. dollar devaluation, or other means…sending a message to the markets by running up the precious metal prices by a very noticeable amount would be one of the tools they would certainly contemplate using.In order to do that, I’m sure that “da boyz” would like to cover as many short positions as they can in the interim…and that means further price pain to the downside until they get the last possible speculative long position holders to sell.  Once they get to that point…whatever prices that takes…no further price reduction is possible, as it’s the very act of technical fund selling [or buying] that ultimately drives the spot price.Here are the 1-year charts for both gold and silver.  It’s hard to tell how much more damage they can do to the downside as far as price is concerned, but Ted Butler says it could be considerable…especially in silver.(Click on image to enlarge)(Click on image to enlarge)In the meantime, the CME Group and the CFTC will continue to protect the largest Commercial short holders in all four precious metals…and CFTC Commissioner Bart Chilton will continue to reassure us that nothing is amiss…and the evidence provided by the weekly Commitment of Traders Report is just a figment of our collective imaginations.JPMorgan Chase is the ringleader, of course…but I’m also getting the impression that Canada’s own Scotiabank/Scotia Mocatta is a major player in this short-side price management scheme as well…along with a handful of others, including the raptors.With what’s been happening over in the gold vaults at the Bank of England these days…maybe Her Majesty will spill the beans.  Maybe the pope will be next to go on the tour.  Where are John Cleese and Michael Palin when you really need them?  Too bad Monty Python’s Flying Circus got cancelled, as I’m sure that they would have had a field day with this story.I mentioned the COT Report just a few paragraphs back…and yesterday was the cut-off for the one that comes out on Friday.  I certainly hope that all of yesterday’s price and volume action is reported to the CFTC in a timely manner.  Since the cut-off was at the 1:30 p.m. close of Comex trading, I very much doubt that the volume associated with the absolute low of the day, which came after the Comex close, will be in it.Not much happened during the Far East trading day on their Wednesday…and now that London has been open a few hours, both gold and silver are trending a bit higher.  Of course, that doesn’t mean much if you use yesterday’s New York price action as a template.  Instead of hitting the precious metals during the thinly-traded Far East market like they’ve been doing for the past month or so, they smacked it hard in the most liquid market of all…New York…with no news associated with it.  The dollar index actually fell as all this was going on.As I hit the ‘send’ button at 5:15 a.m. Eastern time, gold’s volume is sneaking up there…and silver’s volume is about average.  The dollar index is down about 10 basis points.All eyes will be on the Comex when trading begins at 8:20 a.m. Eastern time.  With JPMorgan Chase putting everyone on notice that they’re back in town, it’s a given that the price action in the precious metals for the balance of 2012 will not be smooth sailing.See you on Thursday. Aben Resources (TSX.V: ABN) is a Canadian gold and silver exploration company with a focus on developing properties in the Yukon and Northwest Territories. The Company owns a 100% interest in the 18,314 acre Justin Gold Project located in SE Yukon. A 2,020 metre diamond drill program was carried out in 2011 to test never before drilled zones. Aben made a significant new greenfields gold discovery when it intercepted 60m of 1.19 g/t Au in hole JN11009 at the POW Zone. Additionally, a new high grade silver-copper zone was discovered at the Kangas Zone with hole JN11003 returning 1.07m of 7320 g/t Ag (234 oz/ton) and 3.52% Cu. Aben carried out an aggressive exploration and drill program in 2012 to follow up on the initial discoveries. The first drill hole in 2012, JN12011, returned 46.4m of 1.49 g/t Au and extended the gold mineralization at the discovery zone 85 metres laterally. The Company has four other prospective Yukon and NWT projects in its portfolio along with a seasoned management and geological team. Aben’s chairman, Ron Netolitzky, is credited with exploration success on numerous properties including three Western Canadian gold and silver projects which became producing mines. Please visit our website to learn more about the company and request information.last_img read more

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There will never be complete clarity on who the en

first_imgThere will never be complete clarity on who the enemy is (unless you live in a Muslim country, in which case the uniforms of the Western crusaders conveniently identify them). The global economic recovery is a fiction.Over the past week, it was revealed that Eurozone unemployment has now reached an all-time high to this point in the crisis… and real GDP has gone negative in the US. Wait a sec, some of you might say, that sure doesn’t look like a recovery!And you’d be right. Despite throwing literally trillions of dollars in new debt at the debt crisis (anyone else see something wrong with that logic?), the global economy continues to struggle.As I’m now running late, I’m not going to belabor this point. Instead, I’ll step out for a quick cup of coffee and let Casey Research Chief Economist Bud Conrad weigh in on the topic.Real GDP Dropped 0.1% in Q4 2012 – What Are the Implications?By Bud ConradExpectations were for GDP growth of about 1.6%, but a negative growth of minus 0.1% was a surprise.(Click on image to enlarge)Is a negative print indicating a possible recession ahead? Stocks were down in the US, but only by 44 points on the Dow, so the surprise was not so big a worry to the market. What’s going on?I’m reminded of the saying, “There are lies, damned lies, and (government) statistics.”This is the advance estimate of GDP, which will be revised two more times before it becomes official. It relies mostly on the first two months of the quarter and will change when December data is added. So the small negative is not really a meaningful number yet, as it will be revised.The cause of the drop was that national defense spending fell a whopping 22% in the quarter. When filtered through the various other effects on the economy, that made the real GDP 1.3% weaker than it would have been if defense were unchanged.I don’t think military spending gives us societal benefits, so I question if it should even be in GDP, but it is, and in the past it has made the economy look stronger, especially during its growth under Bush. There is also a tendency for military spending to grow in the third quarter, as that is the last quarter of the government’s calendar. The story is that once money is allocated, you have to spend it before you lose it. So a drop in relative spending in the fourth quarter is not uncommon.It was probably made worse by plans to implement the sequester at the beginning of the year (now delayed).There will be a new budget battle coming up over whether to go ahead with the sequester (cut) of defense spending in the next few months. There may be an argument that we can’t afford cuts when the economy is weak. I have my own bias that the government is too big and that, when you include the social programs that induce household spending, the GDP is far too dependent on the government for its growth. The combined effects of government are something like 40% of GDP, and that will be with us for a long time.The market is not taking the negative GDP as indicating a new recession, because other parts of the economy are continuing along with reasonable growth. Consumer spending, the main engine of US growth, rose 2.2%. Construction on new homes and apartments jumped 15.3%. Business spending on equipment and software was up. So the private-sector economy was not appearing weak.By one interpretation, the GDP number is probably a little worse than the headline because the inflation, as measured by the implicit price deflator, was also down.(Click on image to enlarge)If the deflator were 2%, as it has been reported in recent months, rather than the Q4 number of 0.6%, then the real GDP would have been 1.6% worse, at a negative 1.7%.ImplicationsIn the face of the deficit crises, I have often shared my opinion that the government would “kick the can,” as it consistently has. The tax rise on the wealthy was also Obama’s political promise and had been expected. Raising taxes, including the payroll tax, which was just accomplished, could cut household spending and hurt the GDP. If the economy is too weak to cut spending, then we will continue with the huge deficits that we cannot afford.Going forward, the debt ceiling will have no effect except to elicit hot air from politicians. It is their own shell game that goes back to the fig leaf that was instigated to replace the requirement that the administration had to get approval from Congress for each new debt offering in the early part of the last century.My prediction going forward is that Congress will make no major changes to the deficit until the dollar weakens and interest rates rise, forcing action. The Fed is monetizing at the rate of a trillion dollars a year, which covers 80% of the deficit. For now, the Fed has bailed out the federal deficit so politicians don’t need to do anything.The economy has been driven by Fed bubble blowing: first the stock market dot-com bubble (Internet stocks attracted day traders), then the housing bubble (flippers and the meme that real estate never goes down), and now a massive bond bubble (there’s no other safe place to put your money). The collapse of the biggest bubble ever in bonds will start once confidence in the Fed is lost in seeing that they can’t keep rates suppressed forever.The weak GDP report suggests the Fed will keep its attempt to pump up the economy, even as each QE program is having less and less effect. Simply put, as the government won’t cut its deficits, the Fed will keep up the QE because there is no exit strategy from this mess.  As rates begin to rise, the deficit will become unmanageable due to the rising scale of interest payments. But this debt bubble will burst because low interest rates cannot be forced forever. If history is any guide, the time will come when Fed stimulus will decrease confidence in the dollar more than it helps the economy, and at that point the deficit-boosted economy will collapse. The slowing GDP is an early warning we will be keeping a close eye on.Ed. Note: How much would it be worth to you personally to be thoroughly informed on the bubble in bonds, when it is likely to burst, and how you can profit – or avoid the losses? Bud Conrad will be providing his comprehensive analysis of the bond bubble in the upcoming issue of The Casey Report. You don’t want to miss it, and don’t have to… just take us up on our fully guaranteed trial offer for The Casey Report. If you don’t love the publication, simply cancel for a full refund within the first 90 days – and keep all the issues you’ve received as our way of saying thanks for giving it a try. Learning more is as easy as clicking here now.Final ThoughtsDavid again. Given the highly politicized nature of today’s world, it is important to take the effort to understand the fundamental realities, rather than blindly accept the fictions that spew forth from officialdom and its quislings on Wall Street and in the media.Things have reached the point where the reality gap between those deluded souls living in North Korea under the rule of Kim Jong Wu Ever and those living in the degraded Western democracies is rapidly narrowing. In North Korea, they are told that the South Koreans want to eat their babies or some such; in the United States, people are told that just across the border in Mexico, the streets are paved with headless corpses.(You might find the map linked to here of interest as it compares the murder rates of various countries against those in US cities. Let’s see, there are approximately 10 murders per 100,000 people in Mexico… half that of Washington and less than a third of that in Baltimore.)In North Korea, the people are told that the Jong family are one tick off from being deities and believe it. In the US and Europe, people are told that debt issuance and money printing without end is the “solution” to the financial crisis and believe that too.The bottom line on today’s musings is that it really behooves us all to revisit our beliefs and kick the tires on our assumptions, looking for some kernel of observable truth that we can use to guide us through the challenges ahead.One such reality is that gold has been considered sound money around the globe for most of recorded human history. While it’s been in a consolidation phase for over a year now, and could remain flat to down for a while longer, you have to ask yourself what’s more likely to retain its value? Currency units created out of thin air or an ounce of gold?Wherever possible, try to align your finances and your life with reality. While that may make you subject to periodic losses and inconveniences as popular delusions and the madness of crowds push markets, and countries, in unsustainable directions – in time, you’ll come out on top.Friday FunniesIf you’re not familiar with the work of Steven Wright, he’s the humorist who once said, “I woke up one morning, and all of my stuff had been stolen and replaced by exact duplicates.” His mind sees things differently than most of us do; here are some of his gems:1 – I’d kill for a Nobel Peace Prize.2 – Borrow money from pessimists – they don’t expect it back.3 – Half the people you know are below average.4 – 99% of lawyers give the rest a bad name.5 – 82.7% of all statistics are made up on the spot.6 – A conscience is what hurts when all your other parts feel so good.7 – A clear conscience is usually the sign of a bad memory.8 – If you want the rainbow, you got to put up with the rain.9 – All those who believe in psychokinesis, raise my hand.10 – The early bird may get the worm, but the second mouse gets the cheese.11 – I almost had a psychic girlfriend… but she left me before we met.12 – OK, so what’s the speed of dark?13 – How do you tell when you’re out of invisible ink?14 – If everything seems to be going well, you have obviously overlooked something.15 – Depression is merely anger without enthusiasm.16 – When everything is coming your way, you’re in the wrong lane.17 – Ambition is a poor excuse for not having enough sense to be lazy.18 – Hard work pays off in the future; laziness pays off now.19 – I intend to live forever… so far, so good.20 – If Barbie is so popular, why do you have to buy her friends?21 – Eagles may soar, but weasels don’t get sucked into jet engines.22 – What happens if you get scared half to death twice?23 – My mechanic told me, “I couldn’t repair your brakes, so I made your horn louder.”24 – Why do psychics have to ask you for your name?25 – If at first you don’t succeed, destroy all evidence that you tried.26 – A conclusion is the place where you got tired of thinking.27 – Experience is something you don’t get until just after you need it.28 – The hardness of the butter is proportional to the softness of the bread.29 – To steal ideas from one person is plagiarism; to steal from many is research.30 – The problem with the gene pool is that there is no lifeguard.31 – The sooner you fall behind, the more time you’ll have to catch up.32 – The colder the x-ray table, the more of your body is required to be on it.33 – Everyone has a photographic memory; some just don’t have film.34 – If at first you don’t succeed, skydiving is not for you.And the all-time favorite –35 – If your car could travel at the speed of light, would your headlights work?Weekend Reads and WatchesInterview with Dennis Miller. Earlier this week, our own Dennis Miller sat for an interview with Kerry Lutz of the Financial Survival Network. It’s a good interview as it provides insights into the scale of the problems now facing retirees and those who would like to retire, and some of the solutions Dennis has uncovered. Here’s the link to the interview.Busy-Bodies of the Month. I really like Reason TV. In this installment, they reveal their busy-bodies of the month – in this case an absolutely mind-boggling new proposal to criminalize nicotine. Here’s the link.Perfect-Worlders Try to Kill Bambi. Along a similar line, this morning Dennis Miller sent me a link to a ridiculous story about a former police officer and his wife facing jail time for rescuing an injured deer. Here’s the link.Live Again. Earlier I mentioned the upcoming Harvest Celebration at La Estancia de Cafayate, March 14 – 19. For those of you who haven’t yet seen it, a short film titled Live Again was made at La Estancia that will give you a sense of the place. Here’s the link.Until Next Week!Sorry for going on a bit long this week. Starting work well before the crack of dawn and trying to compensate by getting juiced up on mate and coffee and ramped up with loud music has that effect on me.Before signing off, however, I want to mention that there are two new Casey Phyles forming – one in Nashville, TN, and one in Cleveland, OH. If you would like to join one of these meet-up groups, or one in your area, drop us a note at phyle@caseyresearch.com.I also want to mention that we’ve nailed down the dates for our fall Casey Research Summit in Tucson, Arizona: If you are interested in participating, mark October 4 – 6, 2013 on your calendar. We’re still working on the details, but you’ll hear from us as soon as more information becomes available. If you want to stay up to date and be the first to learn when registration opens for the Summit, simply get on our waitlist (being on the list doesn’t oblige you to attend the Summit).And with that, I will bid you farewell for the week by thanking you for reading and for being a subscriber to a Casey Research publication.David GallandManaging DirectorCasey ResearchCafayate, Argentina Dear Readers,It is said that death and taxation are the only certainties in life.Expanding on that list, however, we also know there are “physical laws” derived from extensive observations, in some cases dating back to antiquity. For example, sticking fingers in fires will result in unpleasantness.Then there is the realm of what one might call “common knowledge.” For example, the historical record makes it appear certain that, universally, power corrupts the human mind, and the greater the power, the greater the corruption.For a relevant example, look no further than Kim Jong-Il, who at an early age evidenced what psychologists term the “big six” personality disorders commonly shared by dictators: sadistic, paranoid, anti-social, narcissistic, with schizoid and schizotypal thrown in for good measure.Without the power devolved to him by his equally degraded father, Kim Jong-Il would have been hard pressed to get a date anywhere else in the world. As supreme leader, on the other hand, he was unhesitant in pressing into service a “Mansions Special Volunteer Corps” – a harem of attractive women plucked out of the population to attend to his every prurient whim.Tangling things up in this area of common knowledge is that we humans are quite adroit at adopting unproven ideas as certainties, even though they may be anything but. While the list of entries in this particular ledger are almost infinite, as just one example, I would point to the absolute certainty with which so many people view the notion that humans are the biggest culprits in climate change (previously referred to as “weather”).Another of these false certainties is that a government can create currency units out of thin air in unlimited amounts without triggering a subsequent devaluation of the currency units already in circulation. Furthermore, these days it is taken almost as common knowledge by a large swath of the population (at least by those who pay any attention at all to such things) that flooding a country with unbacked money is a good thing.Not to go on, as I am wont to do, but I would also mention the misconception by many that the United States, the most powerful country in the world (see reference to Kim Jong-Il above), remains the Land of the Free and the Home of the Brave.While one might subscribe to a different definition of the words “Free” and “Brave,” from where I sit, the United States is increasingly looking like a large Club Fed populated by a people whose re-education as serfs laboring on behalf of the state is almost complete.Recently, support for that contention was provided when Phil Mickelson pointed out that his taxes had reached 63% of his annual income and that, as a result, he was contemplating moving to a lower-tax state than California. For daring to want to keep more of his earnings than the state, which sinks not a single putt for its share, he was soundly pilloried in the press.Sadly, rather than telling his many critics to bugger off, he issued a series of apologies for speaking out against his tax-slave status.But the hour is growing late, and so enough of this rambling on.Moving along, I thought it worth trying to divine something approaching certainty about a few of the key aspects of today’s world that have the very real potential to affect us all in ways most profound.What We Now KnowIn no particular order, here are just a few important aspects of today’s world that appear to be true to me.The crusades are alive and well and will continue indefinitely. Since the first crusade in 1095, the Christians and the Muslims have been at war pretty much continually. In other words, the war has been going on for over 900 years.Back then, the battles were pretty straightforward affairs involving a wide range of sharpened instruments and projectiles, with no mercy asked and none given even if it was.In modernity, however, the war has evolved in most interesting ways. For example, there are no longer distinct lines of battles. Instead, thanks to the natural evolution of societies, the advent of political correctness accompanied by a whopping dollop of bureaucratic pandering, the Muslims are thoroughly embedded in previously staunchly Christian societies. (Interestingly, the opposite is not the case.)Adding to the fog of war is the nature of the weaponry and, by extension, tactics. Whereas in antiquity the warring parties had no real technological advantage, or at least not of a lasting nature, today the range of possible weapons and tactics is almost limitless.Case in point, the next attack on a major city is as likely to come in the form of a few jars of some particularly nasty germ dropped in the water supply as it is from a reengineered Stuxnet computer virus.Furthermore, as the potential enemies are numerous and reside within many borders, including your own, the possible responses to such an attack are rendered ineffective and even counterproductive. That’s how the moronic act of attacking Iraq after a small group of Saudis and Pakistanis in planes took down the World Trade Center buildings came about. The US had to attack someone, and so it picked the appropriate fall guy and set to work.Recapping what we know now in this instance:The crusades will continue indefinitely. The US government will do whatever it takes to keep the statists in power.That the nation is no longer governed by principles should be obvious to everyone at this point. Well, perhaps with the exception of the principle of self-preservation for the politicos.That they are masters at survival can be seen in the high reelection rate of members of Congress, despite the polls indicating their popularity as only a smidgeon above stepping into a pile of fresh dog droppings.In the current economic environment, however, their skills at blaming others and kicking cans down the road is being tested, witnessed by the adoption of concepts such as unlimited money printing, a concept previously reserved for banana republics and Weimar Germanys. Unfortunately, as I have expressed in my writings before, the quantitative easing is likely to be one of the last “soft” options as the crisis deepens.In the United States, the government is just a couple of ticks away from turning the de facto capital controls currently in place into those of a more hardened type. With the new FACTA foreign financial assets reporting regulations now in effect, all the necessary functionality is in place, leaving only a quick turn of the knobs to dial in punitive tax levels on such holdings or take some similar action to make the “unpatriotic” act of daring to move assets offshore into one that is also distinctly ill-advised.Then there is the inevitable grab for the trillions of dollars now in US pension plans, something that Doug has warned about for years. A recent story out of Bloomberg a couple of weeks ago sure looks like a straw in the wind to me. And I quote.The U.S. Consumer Financial Protection Bureau is weighing whether it should take on a role in helping Americans manage the $19.4 trillion they have put into retirement savings, a move that would be the agency’s first foray into consumer investments. “That’s one of the things we’ve been exploring and are interested in in terms of whether and what authority we have,” bureau director Richard Cordray said in an interview. He didn’t provide additional details. Here’s the link…All that’s missing is the next stock market crash, and this initiative will rise to the fore. That the Sheeple will fall right in line with the logic of a government takeover of the pensions can be understood by looking at a number of surveys showing the majority of Americans don’t have any real savings.One study by the Employee Benefits Research Institute found that 56% of US workers have less than $25,000 saved. And that’s workers. Fully 54% of folks who have actually retired also report that they have less than $25,000 to live on.What this means is that over 50% of Americans are either currently, or will someday soon, be wards of the state. So, that’s something else we know.“The democracy will cease to exist when you take away from those who are willing to work and give to those who are not.” Thomas JeffersonDrifting back to this particular point, this fairly startling reality is all the excuse the government needs to shove both its mitts into the nation’s pensions and take what it needs to keep Washington DC in the wealth redistribution/political pandering business.The taking is as simple as requiring that all pensions contain at least “XX%” of safe Treasury bills or some new form of government-backed paper whipped up for the scam. Or, alternatively, you must withdraw your money from your IRA and pay the penalty – the rationale being that you are bound to lose your money if you manage it yourself and therefore the penalty and taxes for withdrawing are merely a deposit on future government handouts you are sure to need.It is, of course, ironic that the very people now contemplating helping retirees with their finances are the ones most responsible for bankrupting the country and devastating the finances of retirees by rigging interest rates to an artificially low rate. I would be remiss at this point if I didn’t tip the hat in the direction of the plain-talking, straight-shooting Dennis Miller, author of Retirement Reboot and editor of the highly praised Miller’s Money Forever, a monthly publication dedicated to helping those in or nearing retirement get their financial act together, and keep it together, through good times and bad.Earlier this week, Dennis sent along 95 pages of comments he received from a survey on what his subscribers wanted to learn more about. The top three topics were all related to moves people can make to generate reliable income – annuities, reverse mortgages, and dividend-paying stocks – all topics Dennis and his team have written extensively on.In fact, he has produced a number of special reports, The Cash Book, The Yield Book and The Annuity Guide, all of which are available at no additional cost to paid-up subscribers.Listen, this stuff is serious. If you are behind the 8-ball on your retirement savings, don’t even begin to hesitate to subscribe to Dennis’ service.Of course, we’ve got to make some money, so we can’t give the service away, but at just $99 a year – and you receive Dennis’ book Retirement Reboot (a $9.95 value) as a premium – it’s an extraordinarily good value.As the publication includes a 3-month, 100% money-back guarantee, you have zero risk in trying the service out.For details, click here.Which brings me to my final entry for today’s musings about what we now know… The biggest consequence of this sloppy Forever War is that the helpless (and some would chirp, hapless) Western governments and the military-industrial complex that props them up are at liberty to improvise countermeasures and strategies without any real limitations.Thus, every new attack, or perceived new threat, results in a new set of actions pretty much made up on the spot to punish the perps and counter the next attack. To name one relatively tame example, the act of a single Jihadist fitting a bomb in his sneakers resulted in the loss of countless of hours, and more than a little dignity, when the bureaucrats instituted a requirement that John Q. Sheeple must remove his shoes in order to board a plane.In addition, because these governments have no idea where the next attack is likely to occur or what form it will take, the perfect-worlder bureaucrats increasingly in charge of Western governments have begun to exercise the precautionary principle to the point of dangerous absurdity.In the event you are not familiar with the term, the precautionary principle basically holds that if there is a threat to the public, even though it is not proven, the burden of proof that it is not a threat falls to those claiming that it is not a threat.Thus, for example, if the military states that it sees a threat emanating from, say, Iraq and certain analysts disagree, the burden of proof falls upon the dissenting analysts. Because as often as not the perceived threats are little more than abstractions that are virtually unprovable, the threat-seers invariably win out, and off go the jets.Hoping to make the point clear, one might counter the gun waving of today’s military by theorizing that the most effective way of eliminating the Jihadist threat would be to pull all the troops out of the Middle East and to stop the constant meddling in the affairs of those countries. As this thesis is unprovable without actually taking the measure in order to gauge its effectiveness, the military-industrial complex and the headline-grabbing politicians and their bureaucratic stooges are free to dismiss it out of hand and continue to layer on the countermeasures they believe will head off the threats of further attacks.Unfortunately, many of those countermeasures are not just inane and ineffective, but require stomping on personal liberties. But, for the reasons just mentioned, there is no effective argument against them.“Why do you want me to go through an X-Ray machine in order to travel?” you might ask a TSA agent.“Because we’re at war with the terrorists, and it’s our job to keep the public safe!”“But I’m not a terrorist!”“Oh, yeah? Prove it. Starting by stepping into the X-Ray machine.”Likewise, arguments against building electronic files on everyone, including all their communications and Facebook contacts, fall on the deaf ears of bureaucrats who are charged with heading off the next attack.And because of the nature of the crusade, in the absence of a radical change of direction, the hit to personal freedoms will only get worse. Because this “war” is never-ending and has no hard targets of any consequence, which means that the tentacles of the government’s countermeasures will grow until they reach into every corner of our lives.The real consequences, however, will be felt only after the next large-scale attack. After that, the ardent advocates of the precautionary principle will kick their machinations into high gear, and you won’t be able to sneeze without first getting permission.(Somewhat related is the idea that schools should be turned into day-visit penitentiaries complete with metal detectors, bullet-proof glass, and armed guards, further inculcating the culture of paranoia and fear that now exists in the US. Managing by exception, a key tenet of the precautionary principle – and attacks on schools are very much the exception – is never a good idea. But that won’t stop the US from turning its schools into mini-Camp Feds.)Any way of ending the crusades and turning this terrible trend back?Not that I can see. Well, I suppose the better-armed Western governments could really take off the gloves, turn the Middle East into the proverbial parking lot, then round up anyone within their borders unwilling to denounce Islam and throw them into gas chambers re-education camps. But that’s not going to happen (and, lest you get the wrong idea, I am not advocating it in the slightest), which means that there is no way to end the Crusade.Instead, all you can really do is recognize it for what it is and, more importantly, recognize the direct consequences to you and your family in the months and years just ahead. Personally, I opted out from a seat within ground zero and, along with Doug Casey, plan on watching events unfold on CNN while sipping on a nice Malbec here in Cafayate.(Speaking of which, the next Harvest Event and Casey Research conference at La Estancia de Cafayate is coming up March 14-19.  This is the single best opportunity to find out for yourself what’s going on in this up-and-coming wine-growing town. For details and a registration form, write Dave Norden a note at dnorden@LaEst.com today.)So, what else do we know now?The United States is perilously close to becoming a one-party, socialist state. As a result of winning the last election, President Obama, a man whose ego needs no encouragement, may come to believe he has a mandate and will try to become far more than a token president – to wit, the first black elected to the office. Instead, he’ll try to become the first among firsts. The socialists in charge have effectively taken over medical services, are now focusing on taking away guns, and, based on the comments made during Obama’s inauguration speech, are planning to continue pushing the agenda of radical environmentalism, which, in turn, is a fulcrum point into more regulations on private business.It’s all about legacy at this point, and part of that legacy could very well be a follow-on term for the beloved Evita Michelle Obama, a woman whose mere presence can cause a liberal to grow weak at the knees. Or soft in the mind, as was in evidence on the always entertaining Huffington Post when one Nina Bahadur unleashed a torrent of drivel under the following masthead.(My personal favorites from Nina’s list were #21 – She’s a fan of pillow forts, and #45 – She has a sweet tooth. Who knew?!)The potential consequences of back-to-back Obamas and their devoted army of sycophants are many, and few of them good, as the roots of the tree they sprung from are of steadfast socialist stock.The historical record shows unequivocally that there is a line that, if crossed, makes the whole “from each according to their ability to each according to their needs” thing devolve into economic collapse and, often, fascism. At that point the slogan changes to something akin to, “From the burning houses of the greedy capitalists to the impoverished masses.”Any way this situation could turn around? Again, none that is easily imagined. We as a nation are way past the more genteel era when it was considered bad form for a sitting president to campaign for his party. Instead, it’s Chicago-style bare-knuckle politicking all the way, with overt distribution of favors to the inert to ensure reelection.The one possible way that the rising socialist tide is held up is if there is a major financial crash and the ruling elite somehow lose their ability to pin blame on someone else.In other words, the country is either headed for certain ruin as the productive class becomes further outnumbered by the recipient class and then turned into little more than tax cows, and the equivalent of Atlas Shrugs occurs. Or we have a whopping good crash that chases the socialists out from the shadows.Note that either scenario involves a crash. Which begs the follow-on question: how will the government react when things go off the rails?Will the population, confronted with inescapable ruin, come to their senses, starting by remembering that there actually isn’t such a thing as a free lunch? Or will they redouble their calls for the government to do more? While no one can see the future, I expect the latter. That is when the risk of socialism sliding into fascism will be greatest.Which brings us to the next certainty, if there can be any such thing (other than death and taxes)… It is nearly impossible to anticipate or to respond in any way other than with ineffective surgical strikes or blunt-force invasions.In the case of the former, as much as some misguided individuals might wish it to be the case, this is not a war that will be a series of drone strikes. And we need look no further than Afghanistan to see the failures of trying a blunt-force invasion when the enemy is fleet of foot and deeply embedded in the population, but is not the population as a whole. (If it were the population as a whole, as was believed to be the case in Germany in WWII, then the war would be a simple matter of unleashing widespread hell.) The next attack can come literally anywhere in the world and in any form.last_img read more

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Uranium Energy Corp NYSE MKT UEC is pleased to

first_img Uranium Energy Corp. (NYSE MKT: UEC) is pleased to announce that the final authorization has been granted for production at its Goliad ISR Project in South Texas.  As announced in previous press releases, the Company received all of the required authorizations from the Texas Commission on Environmental Quality, including an Aquifer Exemption which has now been granted concurrence from EPA Region 6. Amir Adnani, President and CEO, stated, “We are very pleased to have received this final authorization for initiating production at Goliad. Our geological and engineering teams have worked diligently toward achieving this major milestone and are to be truly commended. We are grateful to the EPA for its thorough reviews and for issuing this final concurrence. The Company’s near-term plan is to complete construction at the first production area at Goliad and to greatly increase the throughput of uranium at our centralized Hobson processing plant.” Please contact Investor Relations with questions or to request additional information, info@uraniumenergy.com. Sponsor Advertisement The London open is less than five minutes away as I type this paragraph—and the gold price did absolutely nothing in Far East trading on their Friday.  The same goes for silver.  Volumes are vanishingly small in both metals.  Gold’s net volume is a hair under 8,000 contracts—and silver’s volume is 3,500 contracts. Both platinum and palladium got sold down a bit during Far East trading—and platinum is still down at the London open, but palladium is back to unchanged.  The dollar index is basically unchanged from its New York close on Thursday afternoon EDT. Today we get the new Commitment of Traders Report for positions held at the close of Comex trading on Tuesday, May 20.  As I said earlier this week, the price action suggests we should see further improvement in the Commercial net short positions in both gold and silver—but I also said [out of the other side of my mouth] that I reserved the right to be wrong.  I’ll find out at 3:30 p.m. EDT this afternoon—and I’ll have all of it for you tomorrow. I was looking at the CME’s Preliminary Report on the Thursday trading action—and I note that there are about 127,000 gold contracts still open in June.  All of those have to be sold or rolled by the end of Comex trading next Thursday—and those that aren’t, will be standing for delivery in the June delivery month.  Based on that, we’ll see some really decent roll-over/trading volume during the next five business days. And as I hit the send button on today’s column at 5:05 a.m. EDT, I note that selling pressure has shown up in all four precious metals—and all are below their Thursday closing prices in New York.  Gold volume is now up over 50% from the open, but still very light for this time of day—and about the same can be said for silver’s volume.  So based on volume alone, I’m not prepared to read much into the current price move, regardless of direction. The dollar index, which had been ruler flat up until the London open, is now up 19 basis points, so I’d guess that the precious metal prices moves at the moment are a result of that, at least that’s what will be given as the reason by the main stream media if these trends continue. Since today is Friday, I haven’t any idea as to how the trading action will unfold in New York.  Will “da boyz” take off for The Hamptons early, or will there be some fireworks of some kind?  Beats me, but we won’t have long to wait to find out. Before heading out the door, I’d like to remind you once again that Casey Research has a limited-time offer [it ends at midnight EDT on Monday] on their Casey Extraordinary Technology subscription service.  Alex Daley is all pumped up about the successes they’ve had over the last year, with an average return of 47%.  The commentary is rather provocatively headlined “Gold is Dead: Long Live Tech“.  It costs nothing to check it out, which I urge you to do when you have a spare minute.  The link is here—and Casey Research is now providing a 6-month guarantee of customer satisfaction with this offer. I hope you enjoy your weekend, or what’s left of it if you live west of the International Date Line—and I’ll see you here tomorrow. As you’ve already figured out for yourself, the closing prices of all four precious metals would be have been past the orbit of Jupiter if “da boyz” hadn’t been stepped in—as the panic short-covering rally that would have commenced at some point, would have finished the job.  The only thing left to be done once the smoke cleared after that, would be to make note of which short sellers were forced into bankruptcy attempting to make margin calls, or cover short positions in a “no ask” market—like what happened to Bear Stearns. The dollar index closed late on Wednesday afternoon in New York at 80.07—and then spent all of Thursday chopping very quietly higher.  It finished the day at 80.22—up 15 basis points on the day. The gold stocks opened up about a percent, but that didn’t last long—and by the end of the day they were back in the red—and the HUI closed down 0.07%—about what it gained on Wednesday. The CME Daily Delivery Report didn’t show much, as there were zero gold and 6 silver contracts posted for delivery within the Comex-approved depositories on Monday.  And yes, JPMorgan was the long/stopper on all six contracts.  The link to yesterday’s Issuers and Stoppers Report is here. There were no reported changes in GLD—and as of 9:52 p.m. yesterday evening, there were no reported changes in SLV, either. Joshua Gibbons, the “Guru of the SLV Bar List“, updated his website with the goings-on within SLV during the reporting week—and here is what he had to say: “Analysis of the 21 May 2014 bar list, and comparison to the previous week’s list.  No bars were added, removed, or had a serial number change.  As of the time that the bar list was produced, it was overallocated 234.2 oz.  A withdrawal of 1,152,782.4 oz on Wednesday is not reflected on the bar list.” The link to Joshua’s website is here. There was no sales report from the U.S. Mint once again. Over at the Comex-approved depositories on Wednesday, there was no in/out movement in gold.  But it was much busier in silver, of course, as 606,473 troy ounces were reported received—and 673,568 troy ounces were shipped out.  The link to that activity is here. I have a very decent number of stories for you again today—and I hope you can find time to wade through the ones you like. The 320 million oz concentrated silver short position is 36% of all the visible silver bullion in the world’s total ETFs and exchange inventories (875 million oz) and 40% of total annual mine production (800 million oz). Can you imagine the outrage that would erupt in any market, say the stock market, if prices were down 40% and there existed eight traders (7 unidentified) holding a short position equal to 36% of total stocks in existence? And if JPMorgan was the identified king stock short, would it be swept under the rug? While it’s clear that the regulators won’t intercede and break up the illegitimate concentrated short position in COMEX silver, neither can they make it easily go away. And it appears that the 8 big shorts can’t make it go away either, or at least they haven’t until now. Not only can’t the massive short position be explained in terms of hedging legitimacy, it also can’t be explained in legitimate economic terms. – Silver analyst Ted Butler: 21 May 2014 I don’t think that I need to add anything further to my prior discussion on Thursday’s price activity, as the charts pretty much speak for themselves—and I said all that was necessary about it at the top of this column. Here are the 6-month charts for both gold and silver once again with Thursday’s data added.  JPMorgan et al are still keeping the gold price below its 50-day moving average—and silver, which broke above its 50-day moving average on its spike high at the New York open, closed a hair above its 20-day moving average. The rallies in platinum and palladium didn’t really get started until around 11 a.m. BST in London trading, but they to ran into the same sellers of last resort shortly after the Comex open.  Although their respective prices were capped, at least they held onto a decent portion of those gains—and weren’t sold down hard like their gold and silver brethren.  Here are the charts. It was almost an identical price pattern with the silver equities—and Nick Laird’s Intraday Silver Sentiment Index closed down another 0.42%. It was precisely the same chart pattern in silver—and that’s all I need to say about that. The low and high ticks were reported as $19.36 and $19.825 in the July contract. Silver finished the Thursday session at $19.485 spot, up a whole 10 cents from Wednesday.  Volume, net of May and June, was a very hefty 43,500 contracts, of which 7,500 was in the September and December delivery months once again.  As I keep saying, it seems way too early for July contract holders to be rolling out of their positions, but you just never know—and as I’ve also said, all those contracts could be one leg of spread trade.  Regardless of what they are, volume yesterday was pretty big. The charts pretty much speak for themselves The gold price traded pretty flat in Far East trading on their Thursday—and began to develop a positive bias around 1 p.m. Hong Kong time.  From there it rallied slowly but steadily until the 8:20 a.m. EDT New York open—and you don’t need me, or anyone else for that matter, telling you what happened next—as you’ve seen that movie before plenty of times.  By the time that JPMorgan et al were done at 11:30 a.m.—all the London and New York gains had vanished into thin air—and from that point on, the gold price traded flat into the 5:15 p.m. electronic close. The CME Group recorded the low and high ticks as $1,290.10 and $1,304.10 in the June contract. The gold price finished the Thursday session in New York at $1,293.70 spot, up $1.80 from Wednesday’s close.  Net volume was 102,000 contracts. The next two photos were taken in the badlands of the North Unit of Theodore Roosevelt National Park in western North Dakota.  The first one is of a mule deer doe—and the second one is of a wild tom turkey–—and a member of the Meleagris gallopavo species.  He was in the process of putting the hit on three hens—and payed me scant attention.  It’s too bad this photo has to be so small in the column, because at full-screen size it is stunning.last_img read more

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