Walcott driven by fear of failure

first_img Press Association He added: “It (Champions League football) is big for the future of the club and the players. We have been in it for the last 15 years and we don’t want to be the players who are not part of that. “We just need to show that in the mid-season and at the start and we could hopefully be even higher than we are and not have this situation we are in. But it is very positive, and we will be fighting strong on Sunday.” With Olivier Giroud serving the last of his three-match suspension, German forward Lukas Podolski was deployed in a central striker role, scoring the opening goal on 11 minutes and Arsenal’s third just after the hour. Walcott has made no secret of his desire to the lead the attack as he had done to great effect earlier in the campaign. “Wherever the manager wants to play me, I will do that for the team. You can’t fault Lukas at all – he grabbed two goals up front and I got one as well,” said Walcott, whose close range strike put Arsenal back in charge after Shaun Maloney’s superb free-kick had briefly given the Latics hope of pulling off another great escape. “So if things are going well, there is no need to change anything, I believe. I’m the sort of player that if things are going well, don’t change them. “I am making runs in and the manager is playing me up front now and then. I can wander at times and it works – there is a lot of rotation in that front line so when it is working, don’t change it.” Theo Walcott revealed the thought of being the first Arsenal side in a generation to miss out on Champions League football has driven the squad back into the top four of the Barclays Premier League.center_img The Gunners moved back above north London rivals Tottenham with a 4-1 win over Wigan at the Emirates Stadium, which confirmed the FA Cup winners’ relegation. “We just have great experience in knowing what to do when the time is right. It is funny. It happens every year,” said Walcott. “We tend to finish very strong. I think it is just because the players want it so much.” last_img read more

AgCredit invite for veterans

first_imgShare Facebook Twitter Google + LinkedIn Pinterest AgCredit is inviting all military veterans and active service men to stop in to any of their offices on Friday, Nov. 10, 2017, between 8 a.m. and 4 p.m., to enjoy free coffee and cookies as a “thank you” for their service.Visit AgCredit.net to find an office location.last_img

Los Angeles Times sold to local billionaire for 500 million

first_imgLOS ANGELES, Calif. – A billionaire doctor struck a $500 million deal Wednesday to buy the Los Angeles Times, ending the paper’s quarrelsome relationship with its Chicago-based corporate overseers and bringing it under local ownership for the first time in 18 years.The agreement between Los Angeles-based medical entrepreneur Dr. Patrick Soon-Shiong (soon-shong) and Tronc Inc. marks the latest instance of a rich, civic-minded individual buying a newspaper from a big corporation.Soon-Shiong is a major shareholder of Chicago’s Tronc Inc., one of the richest men in Los Angeles and, according to Forbes, the nation’s wealthiest doctor, with a net worth of $7.8 billion.The deal includes The San Diego Union-Tribune, various titles in the California News Group and the assumption of $90 million in pension liabilities.Soon-Shiong takes over in a time of turmoil at the paper. The Times just replaced its top editor, the third switch at the position in the newsroom in six months. Publisher Ross Levinsohn had been on unpaid leave after revelations that he was a defendant in two sexual harassment lawsuits elsewhere. Tronc announced Wednesday that Levinsohn has been cleared of any wrongdoing and would be reinstated as CEO of its newly reorganized Tribune Interactive division.Journalists voted last month to unionize for the first time in the paper’s 136-year history.Clashes between the Los Angeles Times and Tribune Co., which changed its name to Tronc Inc., erupted not long after it acquired the West Coast paper in 2000. Staff at the Times bristled over what it considered a string of bad decisions made from hundreds of miles away in Chicago. Tronc owns the Chicago Tribune.The editor of the Los Angeles Times, John Carroll, who led the paper to 13 Pulitzer Prizes, resigned under heavy pressure to cut staff. Before he left, he asked an old friend and billionaire philanthropist if he would consider buying the paper.Publisher John Puerner stepped down at the Times, as did his successor, Jeffrey Johnson, shortly after.Dean Baquet, who took over for Carroll, left after 15 months. He is now the executive editor at The New York Times.The sale of the Los Angeles Times is in keeping with one of two trends in media ownership: big companies getting bigger and wealthy investors taking on newspapers as philanthropic endeavours, said Al Tompkins, a senior faculty member at the Poynter Institute.In 2013, Amazon founder and CEO Jeff Bezos bought The Washington Post for $250 million. Boston Red Sox owner John Henry bought The Boston Globe for $70 million.“We find ourselves returning to where we were a century ago when a handful of wealthy owners controlled big influential newspapers,” Tompkins said. “Here’s the difference: The ownership today does not promise lucrative returns. You take it over knowing it isn’t nearly as profitable as it might have been 20 or 50 years ago. Today it’s a thinner margin and it gets thinner every day.”Soon-Shiong also holds a minority interest in the Los Angeles Lakers, acquired in 2011 from Magic Johnson, the team’s former superstar and current president of basketball operations.In an interview with the Times last year, Soon-Shiong acknowledged that as a major stockholder, he was unhappy with the way the Los Angeles Times was being run and felt a need to ensure its survival.“I am concerned there are other agendas, independent of the newspaper’s needs or the fiduciary obligations to the viability of the organization,” he said at the time. “My goal is to try and preserve the integrity and the viability of the newspaper.”After The Washington Post first reported a potential sale Tuesday, cheers spread through the Times newsroom. After the deal was formalized, the union representing the newspaper’s journalists congratulated Soon-Shiong.“Our readers expect and deserve the high-quality, independent journalism that has defined The Times for decades,” a union statement said Wednesday. “The LA Times Guild looks forward to working with a local owner who can help us preserve The Times as a guardian of our community and as the voice of the American West.”Maya Lau, a Times law enforcement reporter, tweeted: “Congratulations to Patrick Soon-Shiong and hooray for a return to local ownership of the Los Angeles Times & San Diego Union Tribune.”Tronc said the deal will allow it to follow a more aggressive growth strategy focused on news and digital media. Acquisitions will continue to be a big part of its plan, Tronc said Wednesday, and the company announced that it’s buying a majority stake in online product review company BestReviews for an undisclosed amount.The sale comes about a week after veteran Chicago journalist Jim Kirk was named editor in chief to replace Lewis D’Vorkin, whose short tenure was marked by clashes with staff.Kirk, 52, had briefly served in the job during a management overhaul from August until November, when D’Vorkin joined the paper. D’Vorkin will stay on with Tronc as Chief Content Officer of Tribune Interactive, the company said Wednesday.Reporters at the Times were alarmed by recent hiring of several news executives who reported to business executives, and not to news editors. That sparked fears the business side would wield undue influence in editorial matters. Traditionally, the editorial and business sides of a paper work separately to maintain journalistic credibility.A return to local ownership would restore pride at the Times, said veteran media business analyst Ken Doctor.The question is whether a new owner will do more than halt cutbacks by reinvesting, as Bezos and Henry did at their newspapers, to set the Times on a new path.“Given the huge challenges still faced by news publishing in the age of Google/Facebook ad duopoly and still-onrushing digital disruption, even a billionaire has his work cut out for him,” Doctor said.___Christopher Weber and John Rogers contributed to this report.last_img read more

Suncor says Syncrude maintenance turnaround planned for April to start early

first_imgCALGARY – Suncor Energy Inc. says an eight-week maintenance project at Syncrude that had been scheduled to begin in April will start Thursday.The company says advancing the turnaround will permit Syncrude to deal with an unrelated issue which has been constraining capacity on a line that feeds bitumen from the mine to the upgrader.Suncor says the change in timing means Syncrude production for the first quarter is expected to be reduced to about 140,000 barrels of oil per day, net to Suncor. However, Syncrude’s forecasted production for the full year remains within the annual guidance range.The company also says oilsands operations production has benefited from reliable operations at its Firebag and MacKay River plants, but base plant operations dealt with a significant, weather-related outage in January that will cut first quarter production to approximately 400,000 bbls/d.First quarter production at Fort Hills is expected to average approximately 25,000 bbls/d, net to Suncor, while production from exploration and production for the first quarter is estimated at about 120,000 barrels of oil equivalent per day.Suncor says total upstream production for the first quarter is expected to be approximately 685,000 boe/d.Companies in this story: (TSX:SU)last_img read more

3 arrested for robbery

first_imgNEW DELHI: The Delhi Police has arrested three robbers and snatchers from Kalkaji involved in multiple cases of robbery and snatching incidents. The three have been identified as Sonu, Akshay and Akash. From the possession of accused persons robbed purse and 06 snatched & stolen mobile phones have been recovered and 08 cases have been solved. On March 16 at about 5 pm, 2 scooty borne riders robbed a purse of a pedestrian on the knife point at L-Block, Also Read – After eight years, businessman arrested for kidnap & murderKalkaji. The victim raised alarm and the police team who was present nearby chased them. After a hot chase, police team successfully apprehended the scooty rider who was identified as Sonu. “Sonu is a notorious criminal and was previously arrested in 30 cases.” “From the possession of the accused robbed purse and scooty has been recovered & seized,” aid DCP South east Chinmoy Biswal. In another incident, on March 16 at about 8 PM, 2 persons on a motorcycle snatched a mobile phone of a person standing near Nehru Place bus terminal. The victim raised alarm and nearby patrolling police party intercepted the bike. However, the pillon rider managed to escape. The motorcycle rider was identified as Akshay, 24 years. In another incident, on March 16, team of Kalkaji police station arrested accused Akasah. He came to Nehru Place market to sell stolen and snatched mobile phones.last_img read more

Africanthemed subscription videoondemand servic

first_imgAfrican-themed subscription video-on-demand service Afrostream is shutting down two years after its launch.The service, which offers a mix of African, Afro-Caribbean and Afro-American movies and series, is shutting down after a key potential investor pulled out and because of competition from pirate services.In an open letter addressed to “subscribers, partners, entrepreneurs and friends”, Afrostream founder Tonjé Bakang said that Afrostream was longer being commercialised as of September 13 and that the service would shut down definitively in France, the UK, Belgium, Luxembourg, Switzerland and 24 African countries including Benin, Burkina Faso, Cameroon, Congo, Gabon, Guinea-Bissau, Senegal and Togo.Bakang said that the closure marked the end of a four-year “entrepreneurial adventure”, citing the difficulty of creating a viable business due to the need to acquire expensive content rights on a limited budget.Afrostream, which set itself the goal of becoming the “Netflix of Afro-American and French films”, launched in France, Belgium, Luxembourg and Switzerland before expanding to French-speaking African countries last year.Having failed to secure new investors at the end of last year, Bakang went ahead with the launch of a light version of Afrostream in the UK early this year, having acquired rights for a part of its catalogue for the UK market, with a view to selling the service.In his letter, he said discussions had taken place with 10 potential buyers, but that ultimately he was unable to strike a deal before the company ran out of cash.last_img read more

A dissident republican parade on Easter Monday org

first_img A dissident republican parade on Easter Monday organised by Saoradh passes Free Derry CornerA man accused of taking part in an illegal republican parade in Londonderry on Easter Monday 2018 has had the charge against him dropped.Christopher Gillen, 63, from Cornshell Fields in Derry was charged with taking part in the parade in the Creggan area on 2 April 2018. A solicitor for the Public Prosecution Service told Derry Magistrates’ Court the case was being withdrawn.The PPS did not give a reason for withdrawing the case.Last month eleven men were found guilty of the same charge and fined £750 each.Then the judge described the events surrounding the parade as “unacceptable”. ShareTweet Charges against 12th man dropped over illegal dissident republican Easter paradeChristopher GillenCORNSHELL FIELDSDERRY MAGISTRATES’ COURTLyra McKeeTHOMAS ASHE MELLON Mr Gillen’s case had been due to be heard at that time but was adjourned to enable the resolution of a legal issue.The charge against each of the accused read that on “02/04/2018, took part in a public procession at Central Drive, Derry, in respect of which the requirements of section 6 of the Public Processions (Northern Ireland) Act 1998 had not been satisfied, contrary to Section 6(7)(a) of the Public Processions (Northern Ireland) Act 1998”.Those found guilty were:Joseph Patrick Barr, 30, of Sackville Street;Andrew Carlin, 32, of Woodvale Mews, Eglinton;Gearoid Peter Cavanagh, 30, of Northland Road;Jason Lee Anna Ceulemans, 47,, Long Tower Court;Gary Hayden, 46, of Tyrconnell Street;William Martin McDonnell, 32, of Harvey Street;Paul McIntyre, 51, of Ballymagowan Park;Patrick Mellon, 27, of John Field Place;John Patrick Nash, 65, of Fergleen Park;Christopher Paul O’Kane, 45, of Iniscairn Road.All 11 denied the charges but were convicted on the basis of CCTV footage against them and fined £750 each.A PSNI land rover engulted in flames after it was attacked with a petrol in Creggan area on Easter Monday 2018A number of the accused have already launched appeals to Derry County Court over their convictions.In the wake of last year’s parade rioting erupted in Creggan as youths attacked police vehicles with a barrage of petrol bombs, setting ablaze a PSNI landrover fitted with a CCTV camera.The defendants were arrested after a Saoradh organised parade through Creggan on Easter Monday, 2018.Police later raided the then headquarters of Saoradh at Junior McDaid House in Chamberlain Street close to the Bogside.This year’s Easter Monday parade was cancelled after the New IRA shot dead journalist Lyra McKee on Thursday, April 18, in Creggan.Charges against 12th man dropped over illegal dissident republican Easter parade was last modified: May 16th, 2019 by John2John2 Tags:last_img read more

Since its my Saturday column I have lots of stor

first_img Since it’s my Saturday column, I have lots of stories, including a fair number that’ I’ve been saving just for today. Looking back on what has transpired over these past four years and JPMorgan’s role in gold and silver, I can’t help but feel it solidifies many of my previous beliefs. Of course, JPM didn’t let gold rip to the upside back in 2013 as I expected when it held a long market corner in COMEX gold futures; but I think I understand the reason now – JPMorgan’s prime interest was in securing physical silver and it wasn’t finished with its silver accumulation at the time it held a long market corner in COMEX gold futures. Because letting gold rip to the upside then would have likely caused silver to jump in price as well, causing JPM to pay up for physical silver, JPM instead capped the price of gold to assist it in keeping silver prices low for further accumulation. I firmly believe that JPMorgan made the conscious decision to amass a great hoard of physical silver as a result of its near death experience on the short side into early 2011. That market realities dictated that it could only do so in physicals and not in COMEX silver futures must be one of the greatest ironies ever. Still, the choice between paper or physical, as well as the choice between silver or gold is made clear in what JPMorgan has pulled off. If I am correct in my speculation that JPMorgan has acquired 300 million ounces or so of physical silver over the past four years, this would confirm many of the points about gold and silver that I’ve made in the past. – Silver analyst Ted Butler: 25 March 2015 Today’s pop ‘blast from the past’ comes from 1966—which was the year I graduated from high school—and this American rock band was tearing up the charts.  This was one of their biggest hits.  The link is here. Today’s classical “blast from the past” is one I know that I haven’t posted before.  It’s Antonín Dvořák’s Symphony No. 9 in E minor—“From the New World”—which he composed in 1893 when he was working in America.   Neil Armstrong took a recording of the New World Symphony to the Moon during the Apollo 11 mission, the first Moon landing, in 1969. This youtube.com recording is from 1991—and the musicianship is first rate, but the tempo is much slower than I’ve heard it performed before—and I haven’t yet decided whether I like it or not.  But it’s the best video I could find—and the audio quality is terrific.  I was going to post the von Karajan recording, but the sound quality was terrible, so I’m stuck with this.  The link is here. With the large traders having to exit the April gold contract by the 1:30 p.m. COMEX close, the lack of price action was not surprising on Friday—and was pretty much as expected.  I must admit that I was somewhat taken aback by the shellacking that platinum and palladium got—especially palladium—and looking at the four precious metal charts below, it would appear that that gold and silver prices are about to head in that direction as well. After doing not much of anything through most of the Far East trading session, a willing seller appeared shortly after the Zurich open—and it was pretty much all down hill from there, as platinum closed at $1,136 spot, down 12 bucks from Thursday. The CME Daily Delivery Report showed that one gold and 83 silver contracts were posted for delivery within the COMEX-approved depositories on Tuesday.  The two short/issuers in silver were HSBC USA and Credit Suisse with 43 and 40 contracts respectively.  JPMorgan stopped 24 for its in-house [proprietary] trading account, plus another 18 in its client account. The CME Group stopped 16 silver contracts as well, which represents 80 one-thousand ounce good delivery bars, which they promptly issued to Jefferies in order to satisfy delivery on the 1,000 ounce silver futures contract.  The link to yesterday’s Issuers and Stoppers Report is here. The CME Preliminary Report for Friday showed that March open interest in gold dropped by 42 contracts, leaving just 1 contract open for delivery in March—and that was just posted for delivery on Tuesday, as per the previous paragraph.  Silver’s March open interest fell from 146 contracts down to 83 contracts open—and those were posted for delivery on Tuesday as well.  You can put a fork in the March 2015 deliveries, as they’re done. There were no changes reported GLD yesterday—and as 7:29 p.m. EDT yesterday evening, there were no reported changes in SLV. Ted and I were talking about the counterintuitive withdrawals from both GLD and SLV during the last week or so as both metals have been rallying.   Metal should be pouring into both these ETFs based on the price action.  Ted feels that some large entity[s] have been tendering their shares and taking physical delivery in order not to exceed the 5 percent threshold for share ownership that would have to be reported to the SEC if they didn’t do this.  If that’s the case, then we should see physical metal being deposited next week.  We’ll see. I forgot all about Joshua Gibbons in Friday’s column, so here’s his report today on the in/out activity over at SLV for the reporting week ending on Wednesday.  “Analysis of the 25 March 2015 bar list, and comparison to the previous week’s list — 2,008,835.9 troy ounces were removed (all from Brinks London)—and no bars had serial number changes.“ “The bars added were from: Handy Harman (0.9M oz), Asarco (0.2M oz, LS-Nikko (0.2M oz), and 16 others.“ “As of the time that the bar list was produced, it was overallocated 75.6 oz.  All daily changes are reflected on the bar list.“ There was a smallish sales report from the U.S. Mint yesterday.  They reported selling 60,000 silver eagles—and that was all. Month-to-date the mint has sold 39,500 troy ounces of gold eagles—8,500 one-ounce 24K gold buffaloes—and 2,915,500 silver eagles.  Based on these sales, the silver/gold ratio works out to just about 61 to 1. It was another busy day in both gold and silver over at the COMEX-approved depositories on Thursday.  There was no gold activity worth mentioning at the usual depositories, but at the new “Gold Kilo Stocks” warehouses, it was a different story once again.  As has been the case since these two new depositories were opened, all the action was at Brink’s, Inc.  This time they reported receiving 769 kilobars—and shipped out 4,294 kilobars.  If you want to see the ounces—and the action—the link is here. It was a very big day for silver once again, as 1,358,254 troy ounces were received—but only 60,775 troy ounces were shipped out.  Almost all of the activity was at Canada’s Scotiabank—and the rest was at Brink’s, Inc.  The link to that activity is here. The Commitment of Traders Report, for positions held at the close of COMEX trading on Tuesday, was [unfortunately] as expected in silver—but the gold numbers were shocking. In silver, the Commercial net short position blew out by 9,032 contracts, or 45.2 million troy ounces.  Ted was expecting 10,000 contracts maximum, so he was almost right on.  The Commercial net short position in silver now sits at 196.2 million troy ounces. The big disappointment was that the Big 4 traders [read JPMorgan] added a chunky 2,800 short contracts to their short-side corner in the COMEX silver market.  The ‘5 through 8’ traders added 1,800 short contracts to their short positions—and the rest of the Commercial traders, Ted’s raptors, sold 4,400 long contracts. Ted was hoping that the Big 8 traders weren’t going to step in front of last week’s silver rally—and that all the selling was going to by the raptors dumping longs for a profit.  As you can see, the raptors only sold 4,400 long contracts–and JPMorgan et al had to step in and go short to the tune of 4,600 contracts, or the silver price would have exploded.  Ted puts JPMorgan’s short side corner in the COMEX silver market around the 15,000 contract mark. Silver was already firmly above its 50-day moving average, so there’s no question that the Managed Money traders were heading for the exits—and that “da boyz” were there to take on all comers. There was no legitimate hedging going on here.  This was the ‘Big 8’ traders capping the price, pure and simple. Under the hood in the Disaggregated COT Report, the technical funds in the Managed Money category reduced their short position in silver by 5,137 contracts, plus added 2,976 long contracts as well.  This action by the brain-dead technical funds was as a predictable as a Pavlovian dog. And now for gold—and I really don’t want to go here, because the numbers are so outrageous, I’m not sure if they’re correct or not.  Ted had a plausible explanation involving the 50-day moving average not being broken to the upside during the reporting week—and a few other things as well.  But I was born in Missouri in another life—and as a “doubting Thomas” of the first order of magnitude, I want more proof.  I have to see those nail holes for myself. Anyway, Ted was hoping/praying that the Commercial net short position wasn’t going to more than 40,000 contracts on the negative side—and based on the rally size during the reporting week, that number was certainly doable.  I was hoping/praying for something less than that. But what we actually got was an improvement in the Commercial net short position in gold! The Commercial net short position in gold declined by 3,565 contracts, or 356,500 troy ounces.  The new and improved Commercial net short position now stands at 5.29 million troy ounces. According to the Legacy COT Report, the Big 4 traders covered 300 short contracts, the ‘5 through 8’ traders added 2,000 contracts to their short positions—and the small Commercial traders, Ted’s raptors, added 5,300 contracts to their long positions. Under the hood in the Disaggregated COT Report the technical funds in the Managed Money category added a huge 8,726 contracts to their already prodigious short position.  What?  Ted says that these technical funds now a hold a record high short position in gold, at least 10 percent higher than their old record high amount.  These same traders also added 937 contracts to their long position as well. If the “unblinking” non-technical fund long holders hiding in the Managed Money category were active during the reporting week, that fact was well hidden by the activities of the technical traders in both silver and gold. Are these technical funds that are massively short gold being set up to get their heads chopped off?  I suppose, because Ted’s careful calculations indicate that may be the case.  And despite the fact that 9,000 contracts of technical fund/Managed Money price fire-power in silver were erased during the reporting week, they still hold a monstrous short position in that metal as well. We’re still “locked and loaded” for an upside move of biblical proportions in both silver and gold, but looking at the price action in both metals for the last few days, along with the punk price action in their associated equities over the same period of time, if this is a set up to blast higher, it’s certainly been meticulously crafted—and extremely well hidden. I’ll only believe it when I see it. So we wait some more. Nick Laird was kind enough to send along the chart showing the withdrawals from the Shanghai Gold Exchange as of Friday, March 20—and during that week they took out 53.470 tonnes, which is a lot.  Koos Jansen has a story about it further down, but if you just can’t wait, the link is here. Of course the Commitment of Traders Report is still configured bullishly in all four precious metals, although I’m still more than wary of the gold numbers.  I hope that Ted’s read of the situation is correct—and I’ll certainly be looking forward to what he has to say in his weekly commentary to his paying subscribers this afternoon.  I’ll steal what I can for Tuesday’s column. What a mess the world is.  Pick a country. Pick a market.  Pick a currency.  Everything seems to be circling the drain at an ever-faster pace.  How long can the powers-that-be keep everything propped up that wants to crash and burn—and suppress the price of everything that wants to explode to the moon and stars?  That certainly applies to the precious metals at the moment—and as a result, the rest of the commodity complex is being held in check as well.  The real economy is being hammered into the dirt so that the international Ponzi scheme of a finance system can thrive. The prudent have been sacrificed on the altar of the wanton. But sooner or later something has to give in the precious metals.  Since they’re so tightly controlled by JPMorgan et al, I would guess that prices will rise when they’re given instructions to stand aside.  This is a fact that I’ve stated so many times over the years that I’m getting tired of saying it, just as I would presume you’re getting tired of hearing it. But these are the facts of the case—and nothing else matters. On Monday the rest of the traders that aren’t standing for delivery in the April gold contract have to be out—and Tuesday is First Notice Day.  Once we get past these events, we’ll see what the lay of the land is like at that point—and I look forward to the Sunday evening open in New York with some interest. I’m done for the day—and the week. See you Tuesday. The prudent have been sacrificed on the altar of the wanton With Friday being the last day for large traders to exit the April gold contract, it was not at all surprising that that price action was subdued.  The low of the day came at the London afternoon gold “fix”—and gold was closed below the $1,200 spot mark. The high and low ticks aren’t worth the effort to look up. Gold finished the Friday session in New York at $1,198.40 spot, down $5.70 from from Thursday’s close.   Gross volume was 329,000 contracts, but it netted out to only 15,000 contracts, which is typical for a day when the last of the large COMEX traders bail at month end, as virtually all of the volume was roll-overs into future months. The silver price action yesterday had a little more shape to it, but as you can tell from the Kitco chart below, every rally attempt ran into a willing seller—and the silver price finished the day almost back at its Wednesday close—and below $17 spot once again. The low and high ticks were reported by the CME Group as $16.855 and $17.195 in the May contract. Gold finished the Friday session at $16.97 spot, down 13 cents from Thursday.  Net volume was pretty decent at 33,500 contracts.center_img Drilling Intersects 102 Meters of 1.97 gpt Gold at Columbus Gold’s Paul Isnard Gold Project; Drilling Confirms Depth Extension of Gold Mineralization Columbus Gold Corporation (CGT: TSX-V) (“Columbus Gold”) is pleased to announce results of the initial five (5) core drill holes at its Paul Isnard gold project in French Guiana. The holes confirm depth extension of gold mineralization below shallow holes drilled on the 43-101 compliant 1.9 million ounce Montagne d’Or inferred gold deposit at Paul Isnard in the 1990’s and support the current program of resource expansion through offsetting open-ended gold mineralization indicated by the earlier holes. Robert Giustra, CEO of Columbus Gold, commented: “These drill results validate Columbus Gold’s approach to adding ounces with a lower-risk drilling program designed to infill and to extend the mineralized zones to 200 m vertical depth from surface; a depth amenable to open pit mining.” Fourteen (14) holes have been completed (assays pending) by Columbus Gold in the current program and drilling is progressing at the rate of about 3,000 meters per month with one drill-rig on a 24 hour basis. Columbus Gold plans to accelerate the current program by engaging a second drill-rig as soon as one can be obtained. Please visit our website for more information about the project. Here are three shots of a fiery-throated hummingbird, which is to be found in Costa Rica and Panama.  As you can tell, their iridescence is entirely dependent on the quality and direction of the light source—and whether they’re “on display” or not, as the “fire” in the males is mostly in the gorget feathers. The gold stocks opened down—and hit their lows a few minutes before 10 a.m. EDT, which probably corresponded with the low in the gold price at the London p.m. gold fix.  From there they rallied into positive territory, hitting their highs at 2 p.m. in New York.  It was all down hill from there, as the HUI closed down 0.71 percent, it’s fourth losing session in a row. It was the same chart pattern for the silver equities, but they never got a sniff of positive territory all day long, as Nick Laird’s Intraday Silver Sentiment Index closed down another 1.32 percent. Palladium really got it in the neck with the selling beginning at the same time as the other three precious metals—and by the time the blood was washed from the floor, “da boyz” had that white metal closed down 32 dollars [-3.9%] on the day at $736 spot, with most of the damage coming after the COMEX open in New York. The dollar index closed late on Thursday afternoon in New York at 97.42—and chopped sideways in a fairly tight range until it blasted higher around 3:20 p.m. Hong Kong time/7:20 a.m. in London.  The 97.92 high tick came minutes before the open of the equity markets in London.  Then it sold down to its 97.10 low at 1 p.m. EDT.  From there the index rallied a bit into the close. [Note:  The ino.com website says the low tick was actually 96.992—but that’s not what the chart shows.]last_img read more

Money Code Found Inside 111YearOld Document

first_img “Money Code” Found Inside 111-Year-Old Document The money code found inside a mysterious 111-year-old financial document could be the key to outperforming the market… giving you the chance to add as much as $1.2 million to your retirement. The details are here. Recommended Link — This is an entirely new project, with an ambitious goal to find stocks with the potential to become the biggest stock market winners of tomorrow. Success is not guaranteed. We could fail completely. But if it all works out the way I intend it to, just one idea could fund your whole retirement. If you have the courage to learn more, click here for the full details of my new project. L: Okay then, if the ethical man shouldn’t vote in the national elections coming up, what should he do? Doug: I think it’s like they said during the war with Vietnam: Suppose they gave a war, and nobody came? I also like to say: Suppose they levied a tax, and nobody paid? And at this time of year: Suppose they gave an election, and nobody voted? The only way to truly delegitimize a corrupt system is by not voting. When tin-plated dictators around the world have their rigged elections, and people stay home in droves, even today’s “we love governments of all sorts” international community won’t recognize the results of the election. L: Delegitimizing evil…and without coercion, or even force. That’s a beautiful thing, Doug. I’d love to see the whole crooked, festering, parasitical mass in Washington – and similar places – get a total vote of no confidence. Doug: Indeed. Now, I realize that my not voting won’t make that happen. My not voting doesn’t matter any more than some naïve person’s voting does. But at least I’ll know that what I did was ethical. You have to live with yourself. That’s only possible if you try to do the right thing. L: At least you won’t have blood on your hands. Doug: That’s exactly the point. L: A friendly amendment: You do staunchly support voting with your feet. Doug: Ah, that’s true. Unfortunately, the idea of the state has spread over the face of the earth like an ugly skin disease. All of the governments of the world are, at this point, growing in extent and power – and rights violations – like cancers. But still, that is one way I am dealing with the problem; I’m voting with my feet. When the going gets tough, the tough get going. It’s idiotic to sit around like a peasant and wait to see what they do to you. To me, it makes much more sense to live as a perpetual tourist, staying no more than six months of the year in any one place. Tourists are courted and valued, whereas residents and citizens are viewed as milk cows. And before this crisis is over, they may wind up looking more like beef cows. Entirely apart from that, it keeps you from getting into the habit of thinking like a medieval serf. And I like being warm in the winter, and cool in the summer. L: And, as people say: “What if everyone did that?” Well, you’d see people migrating towards the least predatory states where they could enjoy the most freedom, and create the most wealth for themselves and their posterity. That sort of voting with your feet could force governments to compete for citizens, which would lead to more places where people can live as they want. It could become a worldwide revolution fought and won without guns. Doug: That sounds pretty idealistic, but I do believe this whole sick notion of the nation-state will come to an end within the next couple generations. It makes me empathize with Lenin when he said, “The worse it gets, the better it gets.” Between jet travel, the Internet, and the bankruptcy of governments around the world, the nation-state is a dead duck. As we’ve discussed before, people will organize into voluntary communities we call phyles. L: That’s the name given to such communities by science fiction author Neal Stephenson in his book The Diamond Age, which we discussed in our conversation on Speculator’s Fiction. Well, we’ve talked quite a bit; what about investment implications? Doug: First, don’t expect anything that results from this U.S. election to do any real, lasting good. And if, by some miracle, it did, the short-term implications would be very hard economic times. What to do in either case is what we write about in our big-picture newsletter, The Casey Report. More important, however, is to have a healthy and useful psychological attitude. For that, you need to stop thinking politically, stop wasting time on elections, entitlements, and such nonsense. You’ve got to use all of your time and brainpower to think economically. That’s to say, thinking about how to allocate your various intellectual, personal, and capital assets, to survive the storm, and even thrive, if you play your cards right. L: Very good. I like that: Think economically, not politically. Thanks, Doug! Doug: My pleasure. Editor’s note: Corrupt, power-hungry governments aren’t the only thing you need to be concerned about today. Doug and his team are predicting a tectonic shift that could crash our financial markets. He says when it hits, the firestorm will be huge—much worse than what happened to the U.S. economy in 2008. Most people will say it was unpredictable…but there’s a legitimate way to start preparing (and prospering) today. You can learn more in this free video.center_img — Recommended Link Editor’s Note: In yesterday’s Weekend Edition, Casey Research founder Doug Casey explained why he doesn’t vote. Today, in the second part of his classic interview with International Speculator editor Louis James, Doug explains why democracy is a total sham… [This interview was originally published on October 22, 2012] Louis James: The idea of political representation is a myth, and a logical absurdity. One person can only represent his own opinions – if he’s even thought them out. If someone dedicated his life to studying another person, he might be able to represent that individual reasonably accurately. But given that no two people are completely – or even mostly – alike, it’s completely impossible to represent the interests of any group of people. Doug: The whole constellation of concepts is ridiculous. This leads us to the subject of democracy. People say that if you live in a democracy, you should vote. But that begs the question of whether democracy itself is any good. And I would say that, no, it’s not. Especially a democracy unconstrained by a constitution. That, sadly, is the case in the U.S., where the Constitution is 100% a dead letter. Democracy is nothing more than mob rule dressed up in a suit and tie. It’s no way for a civilized society to be run. At this point, it’s a democracy consisting of two wolves and a sheep voting about what to eat for dinner. L: Okay, but in our firmly United State of America today, we don’t live in your ideal society. It is what it is, and if you don’t vote the bums out, they remain in office. What do you say to the people who say that if you don’t vote, if you don’t raise a hand, then you have no right to complain about the results of the political process? Doug: But I do raise a hand, constantly. I try to change things by influencing the way people think. I’d just rather not waste my time or degrade myself on unethical and futile efforts like voting. Anyway, that argument is more than fallacious, it’s ridiculous and spurious. Actually, only the non-voter does have a right to complain – it’s the opposite of what they say. Voters are assenting to whatever the government does; a nonvoter can best be compared to someone who refuses to join a mob. Only he really has the right to complain about what they do. 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