>>> and former president george h.w. bush in a hospital treated for bhronchitis, he is listed in stable condition and expected to be released within 72 hours . his doctors described him as pretty much as normal, happy, joking with the staff and getting better.
Source: http://video.msnbc.msn.com/nightly-news/50018597/
Washington Election Results foxnews drudge report abc news Presidential Election 2012 Incumbent politico
ScienceDaily (Nov. 28, 2012) ? Arrchaeologists from the University of Rhode Island, the Israel Antiquities Authority, and the University of Louisville have discovered the remains of a fleet of early-19th century ships and ancient harbor structures from the Hellenistic period (third to first century B.C.) at the city of Akko, one of the major ancient ports of the eastern Mediterranean. The findings shed light on a period of history that is little known and point to how and where additional remains may be found.
The discoveries were presented on November 15 and 17 in Chicago at the annual meeting of the American Schools of Oriental Research by URI assistant professors Bridget Buxton and William Krieger on behalf of the Israel Coast Exploration project.
According to Buxton, three of the four well-preserved shipwrecks found off the coast south of Akko were first detected using a sub-bottom profiler in 2011. Later, storms stripped off several meters of inshore sediments and temporarily revealed the wrecks, as well as an additional large vessel. The wrecks are now reburied.
During the brief time the shipwrecks were exposed, the Israel Antiquities Authority investigated one of them: a 32 meter vessel which still preserved its brass gudgeon (rudder socket) and many small artifacts, such as plates, a candlestick, and even a cooking pot with bones in it. Laboratory analyses completed this summer by the IAA revealed that the ship's wood came from Turkey. The team believes these ships may have belonged to the Egyptian navy under Admiral Osman Nurredin Bey, whose ships were severely damaged in his attempt to capture Akko in the Egyptian-Ottoman War of 1831. The town eventually fell to Egyptian land forces under Ibrahim Pasha in 1832.
"These ships have occasionally been exposed and buried again by storms since we found them," Buxton said. "We're in a race against time to find other ships in the area and learn from them before storms totally dislodge or destroy them."
Although shipwrecks from the 1800s are not the highest priorities in a region where civilization goes back thousands of years, Buxton is excited by the discovery for what it tells her about where much older ships may be found.
"Like many underwater archaeologists I'm very interested in finding a well-preserved example of an ancient multi-decked warship from the Hellenistic age," said Buxton. "These ships were incredible pieces of technology, but we don't know much about their design because no hulls have been found. However, a combination of unusual environmental and historical factors leads us to believe we have a chance of finding the remains of one of these ships off the northern coast of Israel."
Buxton believes that the ships they are looking for are likely buried in the coastal sediment, which has built up over the centuries through natural processes. However, time is not on their side. "That protective silt is now being stripped away," she said. "And it's being stripped away a lot faster than it was originally dumped, by a combination of development, environmental changes, and the effects of the Aswan Dam." The Nile River has historically deposited large quantities of silt in the area, but the dam has significantly reduced the flow of silt.
The archaeologists found the ships and another early modern vessel within Akko's modern harbor while testing their equipment in preparation for an ongoing survey out in deeper water. The sub-bottom profiler detects anomalies below the sea floor. "It's the gift that keeps on giving," Buxton said. "We found so many targets to explore that we didn't have time to check all of them, but even just having information about where things are helps Koby (Jacob Sharvit, director of the IAA Maritime Antiquities Unit) know where to look after any big storms."
One line of buried targets detected off the southern seawall of old Akko is particularly suggestive. Continuing excavations in this area over the summer revealed an alignment between these targets and a newly-discovered slipway and shipshed structure, which continued out under the sea floor 25 meters from the Ottoman city wall. The feature resembles other naval shipsheds found in places such as Athens where they were used to haul up ancient warships. The excavation project was initially undertaken to strengthen the eroding sea wall, but it also revealed Hellenistic masonry, pottery vessels, an ancient mooring stone, and a stone quay 1.3 meters below the modern sea level. The possibility that much more of the Hellenistic port lies well-preserved under the sea floor is exciting for the archaeologists, because it means that shipwrecks from earlier centuries that have so far not been found at Akko may simply be buried deeper down in the sediment.
"We've got fragmentary historic records for this area in the Hellenistic period, and now we've found a very important feature from the ancient harbor. Ancient shipwrecks are another piece of the puzzle that will help us to rewrite the story of this region at a critical time in Mediterranean history," she said.
Located on the northern coast of Israel, the UNESCO World Heritage Site of Akko is one of the few cities in the Mediterranean with more than 5,000 years of maritime history. Also known as Acre, Ake and Ptolemais, its port was an important waypoint for the Phoenicians, Romans, Crusaders, Ottomans and other ancient maritime empires. In the Hellenistic period, it was bitterly fought over by the rival empires of Egypt and Syria.
"Understanding the history and archaeology of Akko's port is crucial to understanding the broader issues of maritime connectivity and the great power struggles that defined the history of the Eastern Mediterranean during the Hellenistic Age," Buxton said.
Share this story on Facebook, Twitter, and Google:
Other social bookmarking and sharing tools:
Story Source:
The above story is reprinted from materials provided by University of Rhode Island.
Note: Materials may be edited for content and length. For further information, please contact the source cited above.
Note: If no author is given, the source is cited instead.
Disclaimer: Views expressed in this article do not necessarily reflect those of ScienceDaily or its staff.
Source: http://feeds.sciencedaily.com/~r/sciencedaily/top_news/~3/8q_Wb5wi43U/121128162207.htm
shades of grey pittsburgh penguins record store day jennie garth space needle nashville predators king arthur
I'm curious as to who everyone's favorite fictional character is, be they from TV, movies, books, games, or comics (or whatever else). Who are they, and what makes them so compelling to you? Certainly, if you have a top five list or something, that's totally an acceptable answer also.
Source: http://feedproxy.google.com/~r/RolePlayGateway/~3/6jLM1PcjVhw/viewtopic.php
grilled cheese allen west north korea missile nerlens noel don t trust the b in apartment 23 world financial center shabazz muhammad
fast payday loans online Get unsecured loans in Babylon New York by using fast $ 800 payday loans online within 1 hr .
Are you currently caught inside a fiscal jam? Do you need money very quickly? If so, then a payday advance might be beneficial to you. A payday advance can ensure you have the funds for if you want it and then for what ever function. Before you apply to get a payday advance, you must almost certainly look at the pursuing post for several suggestions that can help you.
See the small print before getting any lending options.
Check out your credit score prior to choose a payday advance. Shoppers using a wholesome credit rating will be able to find more beneficial interest rates and relation to pay back. If your credit score is in very poor form, you can expect to pay out interest rates which can be increased, and you may not be eligible for a longer financial loan expression.
Ask just what the interest rate of the payday advance is going to be. This is very important, as this is the quantity you should pay out along with the amount of cash you will be credit. You could even wish to look around and obtain the best interest rate you are able to. The lower price you locate, the less your full pay back is going to be.
Usually repay the loan prior to the time frame has gone by. You can find frequently big delayed charges attached to these lending options. Chances are you won?t have the money that it requires to pay for them. When this happens, financial debt can position. Very carefully look at the relation to the financing to make sure you can certainly make the payments.
An effective suggestion for people having out payday loans is, to build a good history of on time repayments, using the same lender any time you require a financial loan. The process will help you to obtain a increased volume when you want it.
Once you get the initial payday advance, ask for a discounted. Most payday advance places of work give you a fee or price discounted for very first-time consumers. If the spot you wish to use from does not give you a discounted, contact all around. If you discover a discount someplace else, the financing spot, you wish to check out will likely go with it to have your small business.
A great way to choose your payday advance lender is usually to go through various critiques from clients who, used that particular service prior to. You will get first hand expertise regarding how, the ability functions. How different people feel about various loan providers. By doing so you make the most efficient choice possible.
If you are thinking about getting a payday advance, be sure that you have a prepare to obtain it repaid immediately. The borrowed funds organization will offer to ?allow you to? and extend the loan, when you can?t pay it off immediately. This extension expenses that you simply fee, as well as additional attention, so that it does absolutely nothing positive for you personally. Nevertheless, it earns the financing organization a good income.
As an alternative to strolling in a store-entrance payday advance middle, look online. When you get into financing store, you have hardly any other charges to compare and contrast from, and also the people, there will do anything whatsoever they can, not to enable you to depart until they sign you up for a financial loan. Visit the web and carry out the essential analysis to find the most affordable interest rate lending options prior to walk in. You can also find on the web companies that will go with you with paycheck loan providers in the area..
When contemplating a payday advance, make certain that the lending company is up-entrance concerning their payback requirements. An established organization will offer you good advice and let you know of the significance of paying the financial loan back on time. A terrible choice would have been a enterprise that offers a roll-over financial loan as a very good option in the event you are unable to repay the first financial loan.
Payday cash loans are also called cash improvements. Although a cash loan might not noise as terrifying as a payday advance, this is basically the same. In choosing this particular service it is important to do not forget that it is a financial loan and must be taken care of as a result on your own budget.
Whatever condition you will be experiencing, you require good advice to help enable you to get out of it. Ideally the article you just go through has given you that suggestions. You know what you ought to because of assist oneself out. Be sure to understand all the facts, and are generating the best possible determination.
Source: http://www.mandarinmnemonics.com/is-actually-a-cash-advance-good-for-you-read-this-to-find-out/
kickoff time super bowl 2012 superbowl national anthem patriots vs giants super bowl superbowl halftime show jason wu for target underwood buffalo wings
For youtube videos, paste embed code directly in the text box
--
 |
 |
Rate Article
Total votes: 0 Select Comment Validation Method
Authenticate with Facebook before submitting
OR
Make your LabSpaces comments count. Start earning LabSpaces points by becoming a member! Learn more. Please verify that you are human: Register for LabSpaces Make your LabSpaces comments count. Start earning LabSpaces points by becoming a member! Learn more. 
Please authenticate before trying to post a comment.
If you would like to remain anonymous, please enter a new name and link below
 |
 |
Friends
Source: http://www.labspaces.net/125558/Why_finding_new_uses_for_old_drugs_is_a_growing_business
space needle nashville predators king arthur king arthur there will be blood there will be blood nigel barker
ScienceDaily (Nov. 28, 2012) ? Scientists, including Professor Keith Edwards and Dr Gary Barker from the University of Bristol, have unlocked key components of the genetic code of one of the world's most important crops. The first analysis of the complex and exceptionally large bread wheat genome, published today in Nature, is a major breakthrough in breeding wheat varieties that are more productive and better able to cope with disease, drought and other stresses that cause crop losses.
The identification of around 96,000 wheat genes, and insights into the links between them, lays strong foundations for accelerating wheat improvement through advanced molecular breeding and genetic engineering. The research contributes to directly improving food security by facilitating new approaches to wheat crop improvement that will accelerate the production of new wheat varieties and stimulate new research. The analysis comes just two years after UK researchers finished generating the sequence.
The project was led by Neil Hall, Mike Bevan, Keith Edwards, Klaus Mayer, from the University of Liverpool, the John Innes Centre, the University of Bristol, and the Institute of Bioinformatics and Systems Biology, Helmholtz-Zentrum, Munich, respectively, and Anthony Hall at the University of Liverpool. W. Richard McCombie at Cold Spring Harbor Laboratory, and Jan Dvorak at the Univerisity of California, Davis, led the US contribution to the project.
The team sifted through vast amounts of DNA sequence data, effectively translating the sequence into something that scientists and plant breeders can use effectively. All of their data and analyses were freely available to users world-wide.
Professor Keith Edwards said: "Since 1980, the rate of increase in wheat yields has declined. Analysis of the wheat genome sequence data provides a new and very powerful foundation for breeding future generations of wheat more quickly and more precisely, to help address this problem."
The analysis is already being used in research funded by the Biotechnology and Biological Sciences Research Council (BBSRC) to introduce a wider range of genetic variation into commercial cultivars and make use of wild wheat's untapped genetic reservoirs that could help improve tolerance to diseases and the effects of climate change. The wheat breeding community and seed suppliers have welcomed the research.
The sequence data has been deposited at the European Nucleotide Archive and is also available from databases in the UK and Germany.
Researchers from the European Bioinformatics Institute, Kansas State University, and the United Sates Department of Agriculture were also vital to the project's success. The research was possible thanks to major funding was form the Biotechnology and Biological Sciences Research Council (BBSRC), the EU and the National Science Foundation (NSF).
Professor Douglas Kell, BBSRC Chief Executive, said: "In the face of this year's wheat crop losses, and worries over the impact on prices for consumers, this breakthrough in our understanding of the bread wheat genome could not have come at a better time. This modern strategy is a key component to supporting food security and gives breeders the tools to produce more robust varieties with higher yields. It will help to identify the best genetic sequences for use in breeding programmes."
David Willetts, Minister for Universities and Science said: "This groundbreaking research is testament to the excellence of Britain's science base and demonstrates the capability we want to build on through the agri-tech strategy currently being developed. The findings will help us feed a growing global population by speeding up the development of new varieties of wheat able to cope with the challenges faced by farmers worldwide."
Share this story on Facebook, Twitter, and Google:
Other social bookmarking and sharing tools:
Story Source:
The above story is reprinted from materials provided by University of Bristol.
Note: Materials may be edited for content and length. For further information, please contact the source cited above.
Journal Reference:
Note: If no author is given, the source is cited instead.
Disclaimer: Views expressed in this article do not necessarily reflect those of ScienceDaily or its staff.
Source: http://feeds.sciencedaily.com/~r/sciencedaily/~3/CmhAUI61ccc/121128142144.htm
free ecards flying car masters golf tournament the replacements how to hard boil eggs new nfl uniforms easter
LOS ANGELES (Reuters) - Three men accused of plotting to join up with al Qaeda and Taliban militants for training in Afghanistan were indicted on Wednesday in California in a move that could allow prosecutors to move to trial more quickly.
But the four-page indictment, returned by a grand jury in Riverside, offered few details beyond those contained in a criminal complaint filed earlier this month against the men, all U.S. citizens or permanent residents.
The indictment charged Ralph Kenneth Deleon, 23, Miguel Alejandro Vidriales Santana, 21, and Arifeen David Gojali, 21, with conspiracy to provide material support to terrorists, the same charge contained in the complaint.
The filing of the indictment allows federal prosecutors to skip a preliminary hearing in which they would lay out their case and a judge would determine if there was enough evidence to merit a trial. The men each face up to 15 years in prison if convicted.
The three men had lived in Southern California's Inland Empire, east of Los Angeles, before their arrest on November 16, two days before they had planned to fly to Turkey via Mexico before heading on to Afghanistan, the FBI said at the time.
The suspected ringleader, Sohiel Omar Kabir, 34, is accused of recruiting the three men, two of whom converted to Islam under his influence. Kabir was apprehended this month in Afghanistan, but was not listed in Wednesday's indictment.
Kabir, who was charged in the previously filed criminal complaint, is still being held in Afghanistan, said Laura Eimiller, a spokeswoman for the FBI. She declined to comment further on the case.
Deleon and Santana, in conversations relayed or recorded by an unidentified paid FBI informant, spoke about traveling to Afghanistan to join Kabir and engage in "violent jihad," according to the criminal complaint. It said they described potential targets for attacks, including U.S. military bases.
Together with Gojali, they also visited a Los Angeles firing range and a paint-ball facility for shooting practice to prepare for further militant training overseas, the FBI has said.
(Reporting By Alex Dobuzinskis; Editing by Cynthia Johnston)
Source: http://news.yahoo.com/three-accused-plotting-join-al-qaeda-indicted-california-021334119.html
hoya casa de mi padre corned beef and cabbage diners drive ins and dives jeff who lives at home 49ers news saint louis university
A Taranaki-born man once hailed as the richest New Zealander in the world has quit his high rolling investment company in Russia and, according to the Moscow Times,?is heading for Africa.
Stephen Jennings, through Renaissance Capital founded 17 years ago, made around US$5 billion ($6 billion) before falling on harder times and last year made the National Business Review's rich list with $900 million.
Bloomberg reported Jennings stepped down from Renaissance after billionaire Mikhail Prokhorov rebuffed his requests seeking more cash for the money-losing investment bank.
Prokhorov's Onexim Group, which purchased almost 50 per cent of the lender for US$500m four years ago, received two approaches for additional funds in the past year from Jennings.
One of Jenning's competitors, Bernie Sucher of investment bank ATON, has written in the Moscow Times warmly of Jennings.
"The?world of?finance offers bigger stages, but none of?its actors has so captivated an?audience as Jennings did in?Russia," Sucher writes.
Jennings?and Renaissance was a?high-wire act, "a?collection of?colourful and?super-aggressive money men banded together by?vaulting ambition for?wealth amid the?land grab that was Russia in?the 1990s".
Sucher says their ambition was feral.
"Renaissance, inspired by?Jennings' beloved Kiwi rugby tradition, was in?your face: muscular, fierce, fast and?intimidating."
As the company began to fail in a changed Russian economy, Jennings defended its remains.
"A?charismatic, intense leader, he rallied his best people to?a challenge few of?them understood and?for which none of?them had bargained."
Sucher says Jennings knew Russia was going to boom.
With his two decades of?vision, creativity, smarts and?relentless drive, it was Jennings who brought to?Russia more international investment capital, competitive talent and?commercial dynamism than any other person.
"Stephen Jennings has taken his last walk out the?door of?Renaissance's Moscow offices," Sucher writes.
"He is bound for?Africa, a?continent buzzing with boundless possibilities for?someone with his rare gifts. Watching him go, I say Russia has lost a?true champion."
- ? Fairfax NZ News
Source: http://www.stuff.co.nz/business/world/8014336/Kiwi-rich-lister-quits-Russia-for-Africa
ryan broyles jerel worthy alshon jeffery miami heat bulls california earthquake california earthquake
updated 9:55 a.m. ET Nov. 28, 2012
(Adds details)
By Ana Flor
BRASILIA, Nov 28 (Reuters) - Luiz Felipe Scolari is set to be named as the new coach of 2014 World Cup hosts Brazil on Thursday, a source close to Brazilian Football Confederation (CBF) told Reuters on Wednesday.
Scolari, who led Brazil to their last World Cup title in 2002 and was heavily favoured to take over, will replace Mano Menezes who was sacked last Friday.
Brazilian Football Confederation (CBF) president Jose Maria Marin confirmed he had chosen a new coach but declined to give a name.
"We did a thorough evaluation and what we need is someone with the right skills, dedication and experience. I am absolutely certain that the fans will be happy with our choice," CBF president Jose Maria Marin told reporters at an event in Sao Paulo.
"Pressure will be great at the World Cup, and that's understandable, and we need someone who can cope with that," said Marin, who added that the announcement would be made on Thursday but did not give a time or place.
"We need everyone to get behind the new coach," he added.
Marin had previously said the coach would be named in January but decided it would be better to make the decision before Saturday's draw in Sao Paulo for the Confederations Cup, which Brazil hosts next year.
"This shows that there is no crisis, that everything is under control," he said.
Brazil will be under huge pressure to win a sixth world title in 2014. Scolari also coached Portugal at Euro 2004 and 2008 and the 2006 World Cup.
While Marin was making the announcement, national teams director Andres Sanchez said in a statement that he had handed in his resignation. Sanchez had already said he was opposed to sacking Menezes and had not been consulted. (Additional reporting by Andrew Downie in Sao Paulo; Writing by Brian Homewood in Rio de Janeiro, editing by Ed Osmond) (Additional reporting by Andrew Downie in Sao Paulo; Writing by Brian Homewood in Rio de Janeiro, editing by Ed Osmond)
(c) Copyright Thomson Reuters 2012. Click For Restrictions - http://about.reuters.com/fulllegal.asp
advertisement
More newsGetty ImagesAFP - Getty ImagesSource: http://nbcsports.msnbc.com/id/49993202/ns/sports-soccer/
gael glen rice jr bars lindzi cox bachelor finale courtney robertson ben flajnik
By Amaani Lyle
American Forces Press Service
WASHINGTON, Nov. 28, 2012 ? The senior enlisted advisor to the chairman of the Joint Chiefs of Staff discussed his approach to health, mission and morale during the Air Force Reserve Wingman Day here yesterday.
Marine Corps Sgt. Maj. Bryan B. Battaglia explained how Total Force Fitness, the profession of arms and ?bridging the basics? have been the cornerstones of the Defense Department?s overall resilience program.
The sergeant major related his enthusiasm about the ?simplistic definition? of Wingman Day, which, he said, provides skills and strategy related to health, mission performance and unit cohesion.
?Fitness is more than running, pull-ups and push-ups [and the] Wingman Day concept is more than an event -- it?s a culture of airmen taking care of airmen, 24-7, 365 days a year,? Battaglia said.
Battaglia described the Total Force Fitness concept, a holistic approach to mental and physical health intended to build resiliency. The program divides major aspects of the military member?s life into eight ?wedges,? he said, including social, emotional, psychological, spiritual, environmental, physical, behavioral and medical and dental facets.
Described in Chairman of the Joint Chiefs of Staff Instruction 3405.01, the Total Force Fitness program is a plan for understanding, assessing and maintaining service members' well-being and sustaining their ability to carry out missions.
Battaglia credited his upbringing as a Marine to his ongoing investment in the profession of arms.
?It doesn?t matter what rank or specialty you are ? we?re going through some challenges with transformation and understanding in defining our profession,? Battaglia said. ?The oath is a stepping stone; it?s the basic training syllabus that really makes an enlisted member become a member of the profession.?
The oath, according to Battaglia, is the tie that binds the military.
?From the most-senior [noncommissioned officer] in the armed forces to the most-junior E-1 who just graduated, the oath is identical,? Battaglia said of the vow to support and defend the U.S. Constitution. ?For the most part, the message remains the same.?
Battaglia also focused on another enduring military theme, going ?back to basics? by preparing service members for a home-station-based military with a lower operations tempo as the wars abroad draw down.
Service members who joined the military in the years following 9/11 can learn from those who experienced a peacetime military, he said.
?Growing up in a period that was so heavily garrisoned during the late ?70s, ?80s and even some of the ?90s ? being molded and developed ? we cracked the code on how to live and survive in that world,? the sergeant major said.
He shared an anecdote about trying to explain to a young soldier that the military would go ?back to basics,? to which the soldier replied, ?Whose basics, yours, sergeant major? I don?t know what those are; I?ve never been there.?
Battaglia said he soon realized the value in both the operational and administrative basics of new and older generations.
?It?s not like we can completely return to these basics and disregard the technologies and methods of operating that our generation now has ? we wouldn?t be able to keep pace,? Battaglia said. ?We can bridge both technologies and both methods of operating in this generation to [the new] generation and be stronger and better than we were before.?
?
Source: http://www.defense.gov/news/newsarticle.aspx?id=118642
breitbart dead db cooper fafsa branson missouri davy jones dead monkees last train to clarksville
Source: http://mauro-racquetball.blogspot.com/2012/11/no-1-racquetball-player-in-europe.html
tony robbins abraham lincoln vampire hunter their eyes were watching god lara logan manu ginobili sports illustrated swimsuit 2012 aretha franklin whitney houston
Source: http://makaskarler.blogspot.com/2012/11/world-racquetball-news-no-1-racquetball.html
New Girl Avalanna Gigi Chao Jimmy Hoffa Ed Hochuli Opie modern family
Source: http://alcohol-sergeant.blogspot.com/2012/11/makaskarler-world-racquetball-news-no-1.html
missouri primary minnesota caucus knowshon moreno knowshon moreno sovereign citizen komen chrome for android
zsa zsa gabor illinois primary trayvon martin 911 call kiribati vernal equinox mr rogers jamie lee curtis
Archers; angels of love, are born cursed to have a bloody and tragic life and death. Can a twist of fate, and two special humans change it?
Owner:
Game Masters:
This topic is an Out Of Character part of the roleplay, ?Give me love?. Anything posted here will also show up there.Topic Tags:
Forum for completely Out of Character (OOC) discussion, based around whatever is happening In Character (IC). Discuss plans, storylines, and events; Recruit for your roleplaying game, or find a GM for your playergroup.You may edit this first post as you see fit.
RolePlayGateway is a site built by a couple roleplayers who wanted to give a little something back to the roleplay community. The site has no intention of earning any profit, and is paid for out of their own pockets.
If you appreciate what they do, feel free to donate your spare change to help feed them on the weekends. After selecting the amount you want to donate from the menu, you can continue by clicking on PayPal logo.
Registered users: Adantas*, Alan23*, Angel's Whisper*, aodhstormeyes*, Asher MstrImmortalis, AvengerSpirit*, B3LPH3GOR, Binsetsu*, Blackbird26*, Bosch, CarliaRhian123, ceh12*, CherryRed, Cienpher, cirrus_sd, Coloris*, CriminalMinds*, DA_SHADOW_PHOENIX*, delfiler*, Digital_Muse*, Exabot [Bot], Fabricator*, Frozen Soul, Furry Dragon*, Gasmask, Google [Bot], Google Adsense [Bot], Google Feedfetcher, GotDraggedIntoThis*, Hallowed777*, HAT101*, hellgirl**, Hocc, Holy|Orders*, Ivohex, JokerofSpades*, Kasani, kexia, KulasLightShadow*, Kurumi Ryuusaki, LavenderMistress*, Lloyd999*, macheteshark, MaliceInWonderland*, Mayadasi*, Mela, Merchant*, Misdemeanor*, mlijn12, MSN [Bot], MSNbot Media, mummydove, Nami L'Chi*, nariko11*, Natzalia*, Nekohina, Nevan*, Nivosity, No-one-special*, Oborosen, OverTheRainbow, Patcharoo*, Porecomesis*, Princess Awinita*, R.T.M.X., RedWolfe*, rpannier*, Run*, Runika, Rylie Renae, Saika, Seanhiruki*, SechsKies, Seirei*, SerenityMist, Shadetree76, Shaodow*, Shiki29*, Silverlight138*, SkullsandSlippers*, Snow*, SoulSurviver233*, Stella11, SuperNinjaRoo, TaniaSoulEater*, Tanman*, TemplarWarden*, Tenill*, The Shadow*, The Writer's Voice*, Totalitarian*, Tsukiakari, TurtleSoup*, UltraVioleta*, umbra Alastor*, Verum Umbra*, Vestiline*, ViceVersus, VitaminHeart*, Wake*, WhatsUpWazza*, Whispers..x*, WordSail*, X64*, xoxMissClairexox, Yahoo [Bot], zody*, ~Lonesome Butterfly~*
Source: http://feedproxy.google.com/~r/RolePlayGateway/~3/QvNXffQCkeQ/viewtopic.php
chase CJ Spiller tracy morgan Chase.com Talk Like a Pirate Day raiders Demi Lovato
Iklan VIP | |||
|---|---|---|---|
| |||
|
??
|
|||||||||||||||||||||
Source: http://iklan-tunai.com/viewad.asp?id=50148692049109981
michael robinson joe paterno memorial service taco bell breakfast menu ener1 national chocolate cake day epstein joshua komisarjevsky
WASHINGTON (Reuters) - The Obama administration said on Tuesday that China's currency remained "significantly undervalued," but stopped short of labeling the world's second-biggest economy a currency manipulator.
Although Beijing controls the pace at which the yuan can rise, the U.S. Treasury said in a congressionally mandated semi-annual report that China did not meet the legal requirements to be deemed a currency manipulator.
The label is largely symbolic, but would require Washington to open discussions with Beijing on adjusting the yuan's value.
It has been 18 years since the U.S. Treasury has designated any country a manipulator. China was labeled a manipulator between 1992 and 1994.
The latest report reflected both the administration's desire to maintain good relations with its top creditor and an attempt to keep up pressure for changes in China that could benefit the U.S. economy and mollify domestic critics.
The report noted that the yuan, also known as the renminbi, had risen 12.6 percent against the U.S. dollar in inflation-adjusted terms since June 2010. An official said it was up 9.7 percent on a nominal basis through Tuesday, when it closed at a record high.
The Treasury also said China had "substantially" reduced its intervention in foreign exchange markets since the third quarter of 2011 and had loosened capital controls.
"In light of these developments, Treasury has concluded that the standards ... have not been met with respect to China," it said.
"Nonetheless, the available evidence suggests the renminbi remains significantly undervalued," the report added, echoing the Treasury's last assessment in May.
Chinese Foreign Ministry spokesman Hong Lei denied the currency was undervalued.
"In recent years, the ratio between China's GDP and the current account surplus has decreased on a daily basis. The renminbi's exchange rate is in equilibrium. There is no so-called problem that the exchange rate is undervalued," he told reporters in Beijing.
"We hope that the U.S. side can appropriately deal with trade and economic issues, including the renminbi exchange rate," Hong added.
Ted Truman, a Treasury official under former President Bill Clinton, said it was important to keep a watchful eye on China's currency policy.
"We have the aftermath of 10 years of misbehavior," said Truman, who is now with the Peterson Institute for International Economics. "It would probably be unwise and too soon to declare victory."
During the U.S. presidential campaign, Republican candidate Mitt Romney pledged to label China a manipulator on his first day in office to show he would be tougher on the chief U.S. economic competitor than President Barack Obama.
Many U.S. businesses and lawmakers complain that Beijing keeps the value of its currency artificially low to gain an advantage in trade at the expense of American jobs.
But an international consensus is growing that the yuan is closing in on its fair value after about a decade at an artificially weak level. The International Monetary Fund softened its language on the yuan in July.
YUAN AT RECORD HIGH
Signs of a recovery in the Chinese economy and a new round of quantitative easing by the U.S. Federal Reserve have led traders to push the yuan higher.
But China's central bank has kept a lid on the move. The central bank allows the yuan to rise or fall by only 1 percent from whatever rate it sets each day.
Charles Schumer, the No. 3 Democrat in the U.S. Senate and a longtime critic of China's yuan policy, said the Treasury passed up an opportunity to level the trade playing field.
"It's time for the Obama administration to rip off the band-aid, and force China to play by the same rules as all other countries," the New York senator said in a statement.
But the U.S.-China Business Council, which represents U.S. companies that do business with China, applauded the decision.
"The exchange rate has little to do with the U.S. trade balance or employment," council President John Frisbie said. "We need to move on to more important issues with China, such as removing market access barriers and improving intellectual property protection."
The Treasury said further appreciation of the yuan would help China balance its economy toward consumption by giving households greater purchasing power.
It called on China to reduce its "exceptionally high" foreign exchange reserves and publish data about its intervention in currency markets.
The Obama administration also used the currency report to keep pressure on South Korea to limit its foreign exchange intervention.
South Korea says it intervenes to smooth the volatility of its won currency, but it has gone into the market throughout 2012, the Treasury report said. In July, the IMF said the won was undervalued by up to 10 percent.
"We will continue to press the Korean authorities to limit their foreign exchange interventions to the exceptional circumstances of disorderly market conditions," the report said.
(Additional reporting by Ben Blanchard in BEIJING; Editing by James Dalgleish & Kim Coghill)
Source: http://news.yahoo.com/u-declines-name-china-currency-manipulator-003153427--business.html
joey votto the masters live mega millions winner holy thursday chris stewart evo 4g lte marlins new stadium
British pop musician Robbie Williams has listed his Beverly Hills compound, complete with regulation-sized soccer field, for $3.6M, $100K less than he paid in 2005. Williams may be taking a loss, but as The Real Estalker points out, he'll be far from homeless in Tinseltown: Williams also has a $5.45M estate he picked up from country star Clint Black in 2002. [The Real Estalker]
Source: http://curbed.com/archives/2012/11/27/celebrity-real-estate-138.php
gone with the wind michael jordan checkers imbibe msg network ray j anthony shadid
Personal development can be a topic usually broached in times of difficulty. What can I actually do Brian Urlacher Jersey to create myself far better? How can I approach performing it? Properly you have appear to the correct place! This short article will supply you with the ideas and tips you need to get started your trip of self improvement.
Relationships are crucial in lifestyle a wholesome life and they are generally the connections that weave our inner thoughts and gratify our hearts. Household connections, friendships, as well as a significant other are all vital areas of a person?s well-being.
Locating Brian Urlacher Jersey the causes of past problems will result in long term accomplishment! As you by no means want to mull too much time in malfunction you do need to find the causes of it, particularly if are reiterating faults. Anything which is stopping you moving forward will continue to do this for as long it is not necessarily accepted and rectified.
Volunteering will assist you to with self improvement. Even if you are taking advantage of the volunteerism from other people, find a way to spend it forwards. This could be as basic as providing food at a homeless protection on Thanksgiving holiday or as severe as signing up for the Tranquility Corps, but you will discover as you may volunteer which it believes fantastic to offer back to community at all you may.
One of the keys to enhancing self improvement would be to let your emotions out. Lots of people maintain their sensations where only adds to Brian Urlacher Jersey frustration and major depression. It is actually alright to cry or enable your frustration out occasionally. Should you be particularly disappointed, you could take it out on a punching bag.
To securely manage self-help in relation to bpd, be sure that you are getting enough sleep at night. This is really important on account of your mind and body each need time to recuperate and repair themselves. In case you are not resting ample, then your physique will struggle to recover for the following day time and this may possibly complicate some of your mental troubles.
Give yourself credit score! When you do something correct, be proud of it. Don?t chat yourself lower or lessen your achievements Brian Urlacher Jersey and a lot more, don?t throw away your achievements. For those who have finished a training course, won a prize, or carried out other things noteworthy, keep in mind! Develop your successes to maintain your self-esteem high!
Your self confidence throughout self improvement periods will benefit coming from a harmonious relationship for your core self. If you?re in tune along with your mind, physique, and heart and soul, you?ll discover it easier to protect your self against difficulties in your primary values and values. This helps you reinforce the influence of your respective morals, plus your self-confidence with them.
Steering clear of dullness within your day to day life could be a challenging struggle, only one fantastic way to battle this is certainly to become a fascinating individual on your own. When you have a great deal of enthusiasm and many pastimes, you can expect to by no means Brian Urlacher Jersey discover youself to be at a loss for new projects. Staying active is a wonderful way to remain determined constantly.
At some point in each of our day-to-day lives we mention the topic of personal development. At times fantastic injury gives this about, as well as other times it is merely a pursuit to be better. For reasons unknown, that you were resulted in this post, and yes it presented suggestions regarding your journey of self improvement.
Professional http://www.chicagobearsshopoline.com Store introduces all sorts of cheap Brandon Marshall Jersey now with Speedily Shipping and delivery, Get Checkout & Superior Customer Support.
censorship wikipedia sopa and pipa bills censoring the internet blackout blackout congress
Yoshikazu Tsuno / AFP - Getty Images, file
Trainees get lessons at the Santa Claus Academy in November last year.
By Reuters
TOKYO ? Magic tricks and straight answers are all part of being Santa in Japan ? at least according to Tokyo's Santa Claus Academy, which trains St. Nicks in a country with little Christmas tradition.
On a recent weekend, 88 Santa wannabes packed the school in Tokyo's fashionable Roppongi district for a crash course in how to behave as "Santa-san," as the man in red is known in Japan.
?
"There are many children who don't believe in Santa Claus anymore," said Masaki Azuma, head of the school. "So I said to myself, 'Let's bring Santa Claus back.'"
The morning session began with Azuma training students in the mindset of being Santa Claus, such as not to reply to anything unless addressed as "Santa-san," along with teaching them magic tricks, which Azuma recommends as a good ice-breaker for often shy tots.
No chimney?
The rest of the session was devoted to answering the difficult questions that children have a habit of posing, such as "My house doesn't have a chimney and we also have a security system, so how will you be able to come in and deliver my present?"
The academy's answer is that Santa, whose job is to deliver presents no matter what, will find a way. Also, the home security system should recognize him and let him in.
Read more World stories on NBCNews.com
Despite nearing 70, Azuma has vowed to press on with his school, believing it has a key role to fulfill.
"Even as times change, Santa Claus is a figure that needs to live in the hearts of everyone," he said.
More world stories from NBC News:
Follow World News from NBCNews.com on Twitter and Facebook
?
Copyright 2012 Thomson Reuters. Click for restrictions.aipac vanessa minnillo super tuesday epidemiology total eclipse of the heart jionni lavalle earthquake san francisco
Lynne Sladky/AP A Burmese python coils around the arm of a hunter during a news conference in 2010 in the Florida Everglades. New research suggests that the pythons won't spread through the American Southeast, as previously believed.
There are several exotic snake species that have become a problem in the Everglades. But for wildlife managers, the biggest headache is the Burmese python.
Earlier this year, researchers with the U.S. Geological Survey captured the largest Burmese python yet in Everglades National Park. Three USGS staffers had to wrestle the snake out of a plastic crate to measure it. The snake was a 17-foot-7-inch female carrying 87 eggs.
Wildlife managers are working to get a handle on the problem of exotic snakes in South Florida; but the snakes have already made a big impact.
One study suggests that in Everglades National Park, pythons have reduced the population of raccoons, opossums, deer and other mammal species by 90 percent.
To help combat the problem, the federal government earlier this year banned the importation and sale of Burmese pythons and three other exotic snake species.
One reason was fears that pythons might spread to other states. A study several years ago by the USGS found pythons could potentially spread up the East Coast and west to California.
But Elliott Jacobson, a professor emeritus of zoological medicine at the University of Florida, says a new study questions how far beyond South Florida pythons could spread.
"These maps give a very false sense of distribution," Jacobson says.
In a study published in the journal Integrative Zoology, Jacobson and other researchers looked closely at the low and high temperatures found along the East Coast in the python's projected habitat range. Freezing temperatures are deadly for pythons. And Jacobson says pythons have trouble eating and digesting food at temperatures below 60 degrees.
"The bottom-line conclusion was the number of freezing days in the winter is going to limit the ability of this animal to spread beyond extreme South Florida," he says.
Jacobson says this new information shows the federal government overreacted when it imposed a national ban on a species that's a problem just in Florida.
And some other well-known scientists are also speaking out against the python ban.
"The press has made this a big deal. The sky is falling ? I call it the Chicken Little syndrome ? when indeed it isn't," says Brady Barr, the resident herpetologist with the National Geographic Society.
Barr says the new study shows something he and other researchers have maintained for some time ? that Burmese pythons can't spread far beyond Florida's three southern-most counties. Barr says that's because, unlike native snakes, pythons can't tolerate cold, and they lack the instinct to hibernate.
"They don't have the innate ability to find hibernacula, to find places to hide or to be warm. They don't know how to do that," Barr says.
That question ? whether snakes from tropical climes, like pythons, may take measures to adapt to the cold ? is one that divides herpetologists. Gordon Rodda, now retired from the USGS, helped write the report showing that pythons could potentially spread throughout the Southeast U.S. He says there's nothing in this new report to change his thinking, including its doubts about whether pythons may learn to adapt to cold.
"We know that Burmese pythons in the more high altitude portions of their range do in fact hibernate. The question then is: How do they acquire that behavior to do so?" Rodda says.
This is a question that may come up in Congress later this week. A House subcommittee is holding a hearing on whether to extend the ban on Burmese pythons to other exotic snake species.
Source: http://www.npr.org/2012/11/26/165941428/will-florida-pythons-slither-to-rest-of-the-u-s?ft=1&f=1007
Yunel Escobar Eye Black Cruel Summer Endeavor mega millions shaun white carolina panthers kate middleton
PITTSBURGH (AP) ? Add seven swans, six geese and five golden rings to the list of Christmas gifts that cost more than they did a year ago.
And if you get all 364 items repeated throughout "The Twelve Days of Christmas" carol, you'll pay 6.1 percent more this year, according to the so-called Christmas Price Index that PNC Wealth Management updates annually.
That comes to $107,300.
"The rise is larger than expected considering the modest economic growth we've had," said Jim Dunigan, managing executive of investments for PNC. He noted the government's Consumer Price Index has risen just 2 percent in the 12 months before September.
Thrifty shoppers may find some reasons for cheer. Six items mentioned in the song haven't gone up in price: maids-a-milking, ladies dancing, lords-a-leaping, calling birds, turtle doves and the partridge. The eight maids-a-milking still cost just $58 because the minimum wage hasn't risen.
Twelve drummers drumming ($2,775.50) and eleven pipers piping ($2,562) might also be considered relative bargains compared to seven swans, which will set you back $7,000. Nine ladies dancing will cost you $6,294.03.
Dunigan said the 2011 drought caused the prices of some birds to soar, partly because of corn and other feed costs.
"The geese were up 29.6 percent, and swans were up 11 percent," Dunigan said, adding that none of the gifts in the song went down in price this year.
The price of a pear tree is $189.99, an 11.8 percent jump from last year's $169.99. Five gold rings jumped 16.3 percent this year, to $750, and three French hens are now $165, instead of $150.
The $15 partridge is the cheapest item, and swans the most expensive, at $1,000 each.
Last-minute shoppers who turn to the Internet will pay a bit more for the gifts. Buying one set of the core items in each verse costs $24,431 in traditional stores this year, but $40,440 online. Part of that difference is the extra expense of shipping live birds, Dunigan said, adding that Internet costs rose 1.5 percent compared to last year.
PNC Financial Services Group Inc. checks jewelry stores, dance companies, pet stores and other sources to compile the list. Some of its sources this year include the National Aviary in Pittsburgh and the Philadelphia-based Pennsylvania Ballet Company.
___
Online:
http://www.pncchristmaspriceindex.com
Source: http://news.yahoo.com/items-12-days-christmas-now-top-107k-051517570.html
dave matthews band solar flares 2012 whitney houston will toyota recall northern lights sign of the times keystone pipeline
1. Kitchen
The kitchen is perhaps probably the most unforgettable places in the home, and also the one that most visitors reach notice the most. Instead of spending lots of money having all the cabinets and drawers removes and clearing up the surfaces where these were once located, you can just select a modern design, shade paint color or replace cabinet handles with increased modern designs. You may still have a similar cabinets in the kitchen but they?ll surely look new once you?ve completed the necessary beautifications.
You can also change the kitchen lights which are currently installed and change to some more modern or whatever theme you?re having for the kitchen. Additionally, change in kitchen utensils also may help make the feel of the entire kitchen completely new.
2. Lights
Lighting is one important element that beautifies the whole house. When your house lighting isn't so good, your house is not so nice. The kind of lighting you choose for your house can have a great impact on the over-all appearance and the feel of your house. You can change the lighting to give a brand new touch and feel towards the house as one of your house improvement choices.
3. Landscape
You are able to similarly improve your home by fashioning landscapes in your backyard or front yard; this will not only result in the house more attractive but it likewise provides a new fresh feel towards the entire outdoor area.
4. Windows
Rather than replacing the entire window frame that may cost you more money, try experimenting on good bits of curtains that will enhance the appearance of the home. Curtains can do wonders in beautifying a house, plus it can dictate the atmosphere of the entire place. Colourful and printed pieces can also add life and liveliness in your home while abstract designs provide a more artistic touch. You are able to pattern the design and colour of your curtain pieces based on the kind of effect you want to achieve.
5. Floor
You don?t necessarily have to change the entire flooring to improve the feel of the house; you can simply add pieces that may improve the effect of the flooring for example carpets. Carpets with bold prints turns into a decorative piece of art; not only will it boost the appearance of the flooring, it can also add attitude towards the entire place. If your flooring looks a bit dirty no matter how many times you perform the mopping, you can also consult a flooring expert on suggestions of floor cleaning equipment that may change that old floor right into a shiny almost-brand-new-looking one.
Source: http://homeandgardens21.blogspot.com/2012/11/home-improvement-ideas.html
world war z Johnny Manziel the voice When Is Veterans Day 2012 brooke burke jennifer lawrence Alexa Vega
Source: http://keecen.posterous.com/home-and-garden-home-improvement-ideas
ryan reynolds Star Trek: The Original Series Carlton Morgan Freeman Dead Stand Up to Cancer
Source: http://scottiebennett353.typepad.com/blog/2012/11/home-and-garden-home-improvement-ideas-keecens-posterous.html
anguilla gone with the wind michael jordan checkers imbibe msg network ray j
correspondents dinner 2012 white house correspondents dinner 2012 whcd 2012 nfl draft kevin durant jazz fest zurich classic
Gold closed down by only $1.80 to finish the comex session at $1749.50. ?Silver however refused to fall as it rose by 3 cents to $34.14.
As far as the precious metals is concerned, the big news of the day is the huge open interest in silver.It seems that some major players are wishing to take on the banks and it looks like December will be a humdinger of a delivery month.
In other news, we saw elections in Catalonia elect the Mas, who wishes to secede from Spain.
Let's see if anyone buys any Spanish bonds.
The EU meet today trying to solver the bailout situation with respect to Greece. ?Late in the day (4 am their time) a deal was struck to have Greece with a GDP of 124/100 by 2020. ?Good luck in achieving that!!!
As far as Spain is concerned we finally got news on the austerity package for this Iberian nation.
To receive the funds to bail out the banks, Spain must fire 8,000 bankers (from the nationalized bank Bankia plus Galicia bank which was nationalized)
Egypt last night saw it's stock exchange plunge 9% as citizens rebel against their new leader Morsi. ?The citizens are angry that the country is turning into an?Islamist? religious state instead of a secular state.
We will go over all of these stories plus others but first................................................................
Let us now head over to the comex and assess trading today.
The total comex gold open interest complex rose an astonishing 14,106 contracts as gold skyrocketed $23.00 on Friday. ?No doubt, the bankers were forced to supply the necessary paper to keep gold ( and ?silver) in check. The non active gold month of November saw it's OI fall by 15 contracts from 32 down to 15. We had 21 delivery notices on Friday so in essence we gained another 6 contracts or 600 oz of gold. ?The big delivery month of December has first day notice this Friday. ?The December contract OI fell by the usual 8,668 contracts as all of these paper sells, landed in February and in April. The estimated volume at the gold comex today was a rather high 209,599. The confirmed volume on Friday was also very high at 215,294. ?The bankers are flexing their muscles willing to take on all newcomers.
The total silver comex defies all odds by rising again and this time by a huge 3,934 contracts. ?The non active front month of November saw it's OI rise by 1 contract. ?We had 0 delivery notices on Friday so we gained one contract or 5,000 oz of additional silver oz will stand in November. The big December contract is causing our bankers to have multiple cluster headaches as they are all visiting their local pharmacist for head pain. The December contract month saw only a very tiny contraction of 92 contracts, from 44,009 down to 43,917. ?Ladies and Gentlemen expect another of those midnight oil meetings tonight and let us wait to see what the bankers decide to do. The estimated volume today was an astronomical 96,431 compared to the confirmed volume on Friday at 54,593.
I would expect that we had a considerable number of paper players roll into March today judging from the volume today.
Comex gold figures?
Nov 26-.2012
(first day notice for the December contract will be Nov 30.2012) ??
?
| Withdrawals from?Dealers?Inventory in oz | |
| Withdrawals from?Customer?Inventory in oz | |
| Deposits to the?Dealer?Inventory in oz | |
| Deposits to the?Customer?Inventory, in oz | 868.05 (Scotia) |
| No of oz served (contracts) today | |
| No of oz to be served (notices) | |
| Total monthly oz gold served (contracts) so far this month | |
| Total accumulative withdrawal of gold from the?Dealers?inventory this month | |
| Total accumulative withdrawal of gold from the?Customer?inventory this month | 177,499.76 |
Today, we ?had ?a very bit of activity ?inside the gold vaults.?
The dealer had one deposits ?and no ? withdrawals.Dealer deposit: into Brinks: ?4199.78 oz
The customer had 1 deposits:i) Into Scotia: 868.05 oz
total customer deposit: ?868.05 oz
we had 0 ?customer withdrawals.
Adjustments: none
Thus the dealer inventory rests tonight at 2.528 million oz (78.50) tonnes of gold.
The CME reported that we had ? 0 notices ?filed ?for zero oz of gold.?The total number of notices filed so far this month is thus 376 notices or 37,600 oz of gold.Thus the total number of gold ounces standing for delivery in November is as follows:
37,600 oz (served) ?+ ?1700 oz (to be served upon) ?= ?39,300 oz (1.222 tonnes of gold). ?We ?gained 600 ?gold ounces standing at the gold comex today and everyday we have gained additional gold ounces standing for November.
Silver:
Nov 26.2012:first day notice for the December contract will be Nov 30.2012:
| Silver | Ounces |
| Withdrawals from?Dealers?Inventory | nil |
| Withdrawals from?Customer?Inventory? | 157,945.62 (,Scotia) |
| Deposits to the?Dealer?Inventory | nil |
| Deposits to the Customer?Inventory | 690,125.67 (Delaware,Scotia) |
| No of oz served (contracts) | 1 ?(5,000) |
| No of oz to be served (notices) | ?8 (40,000 oz) |
| Total monthly oz silver served (contracts) | 65 ?(325,000 oz) |
| Total accumulative withdrawal of silver from the?Dealers?inventory this month | 1,342,073.5 |
| Total accumulative withdrawal of silver from the?Customer?inventory this month | 6,004,036.1 |
Today, we had a fair bit of activity inside the silver vaults.
?we had no dealer deposit and no ?dealer withdrawals
We had two customer deposits of silvertotal customer deposit: ?690,125.67 oz
we had one customer withdrawal:
i) out of Scotia: ?157,945.62 oz
Registered silver remains tonight ?at a very low : ?35.054 million oz
total of all silver: ?141.846 million oz.
The CME reported that we had 1 notices filed for 5,000 oz .?The total number of silver notices filed ?this month remains at 65 contracts or 325,000 oz of silver. ?
To determine the number of silver ounces standing for November, I take the OI standing for November (9) and subtract out today's notices (1) which leaves us with 8 notices or 40,000 oz ready to be served upon.Thus the total number of silver ounces standing in this non active month of November is as follows:
325,000 oz (served) + ?40,000 oz ( to be served upon) ?= ?365,000 oz
we ?gained 5,000 oz of silver standing at the silver comex. ?
The two ETF's that I follow are the GLD and SLV. You must be very careful in trading these vehicles as these funds do not have any beneficial gold or silver behind them. They probably have only paper claims and when the dust settles, on a collapse, there will be countless class action lawsuits trying to recover your lost investment.
There is now evidence that the GLD and SLV are paper settling on the comex.
Total Gold in Trust ? Nov 26.2012
Nov 23.2012:
Nov 20.2012:
Nov 19.2012:
Nov 15.2012:
And now for our premiums to NAV for the funds I follow: ?
(both of these funds have 100% physical metal behind them and unencumbered and I can vouch for that)
1. Central Fund of Canada: traded to a positive 4.9 percent to NAV in usa funds and a positive 4.9% ?to NAV for Cdn funds. ( Nov 26.2012) ??
2. Sprott silver fund (PSLV): Premium to NAV remain at ?0.77% NAV ?Nov 26/2012
3. Sprott gold fund (PHYS): premium to NAV ?rose to 1.94% positive to NAV Nov 26/2012.?
It is worth watching the premium for gold at the Sprott funds which is a good indicator of shortage as investors bid up the premiums.
?
???
Here are you major physical stories:
It seems the Indian Central bank is telling to truth: ?it wishes to 'dematerialize' gold.
The citizens of India have no real faith in their rupee so they are switching the paper currency for gold.
(courtesy GATA)
If only India would try "dematerializing" its central bank instead.
* * *
Reserve Bank Official Supports 'Dematerialisation' to Arrest Rising Gold Demand
From The Economic Times
(The Times of India, Mumbai)
Sunday, November 25, 2012
PUNE, India -- Reserve Bank Deputy Governor Subir Gokarn today said there is a need to "dematerialise" gold like any other financial product to reduce its physical imports, the rise of which has been blamed for the high current account deficit that is feared to touch new record high this year.
High gold imports are "creating some macroeconomic stresses and so the challenge is to find ways to replicate the financial characteristics of gold without necessarily causing physical importing," Gokarn told the last day of the two-day annual Bancon conference here.
The current account deficit has been rising on the back of record trade deficits, which in October jumped to a 12-year high of $21 billion on the back of rising oil and gold imports.
He said while global gold output has stayed stable at around 4,000 tonne per year, the domestic [Indian] consumption of the yellow metal has doubled to 1,000 tonnes annually since 1999, despite a massive rally in the gold price.
"More expensive gold is being imported in larger quantities, which is compounding the trouble," he said.
As gold imports touched a record high last year, pushing up the current account deficit to a historic high of 4.2 per cent in the year, the Reserve Bank has unveiled a slew of curbs on gold purchases and financing.
Last fiscal year there was a 39 per cent rise in gold imports and in gross terms it constituted 80 per cent of the current account deficit, which reached an all-time high of 4.2 per cent, Gokarn said, adding that the net gold imports constitute for 1.8 to 2.4 per cent of GDP.
This spike in gold demand was in spite of the record price rally that the metal witnessed last fiscal year.
In April the RBI brought down the loan to value that gold loan companies like Muthoot Finance or Manappuram Finance could offer to just 60 per cent of the market value, from a high of 85-90 per cent.
In the October 30 credit policy, the RBI also banned banks from funding gold buying by gold loan companies and non-banking financial companies.end
And now gold trading from Europe and Asia early this morning.
Note the huge deposits of gold into Turkey:
(courtesy Goldcore)
XAU/USD 1 Year ? (Bloomberg)
Tonight US Congress will meet to attempt to devise a plan to avert the US fiscal cliff which will throw the US into a spiral of tax hikes and budgetary cuts that will lead the US economy deeper into a recession this January.
Another short term ?resolution? will almost certainly be achieved which will allow the US to keep spending like a broke drunken sailor and which will again store up far greater fiscal and monetary problems. The scale of these deep rooted structural challenges is so great that they are likely to affect the US sooner rather than later.
The euro racked up a seven month high against the yen and is holding near a one month high against the US dollar as the meetings amongst Greek creditors continue and hope to reach an outcome today.
Greece?s goal is reducing the 190% debt to GDP ratio to a more manageable 120% in eight to ten years. The dilemma is that the IMF and eurozone finance ministers want to cease payments until a new deal is agreed because they have no guarantee that the financing won?t continue indefinitely.
Can Greek debt become manageable without creditors writing off some of the loans? France and Italy would vote to reduce interest repayments on already granted loans while other countries like Germany would not.
A consensus was reached when German central bank governor Jens Weidmann suggested that Greece could "earn" a reduction in debt it owes to euro zone governments in a few years if it diligently implements all the agreed reforms. The European Commission also supports this view.
Global investment demand for gold remains robust with the amount in exchange-traded products backed by the metal rising 0.1% to 2,606.3 metric tons.
Meanwhile reports of the death of the Indian gold buyer have again been greatly exaggerated as India's net gold import for domestic consumption is likely to be about 800 tonnes this year following a pick-up in demand during the festive season, according to the World Gold Council (WGC).
Last year, the net import for domestic consumption was 969 tonnes. This is a significant fall but not surprising considering the sharply rising price. It shows that the Indian cultural attachment to gold will continue and India may be becoming acclimatised to higher gold prices.
This week US economic data for Tuesday include Durable Orders, the Case-Shiller 20-city Index, Consumer Confidence, and the FHFA Housing Price Index. On Wednesday, New Home Sales and the Fed?s Beige Book are published. On Thursday, Initial Jobless Claims, GDP, and Pending Home Sales can be viewed. Friday?s data is Personal Income and Spending, Core PCE Prices, and Chicago PMI.
Cross Currency Table ? (Bloomberg)
Gold deposits in Turkey have grown from 3.1 billion liras to 16 billion liras in the past year, Bloomberg reported on news reported in the daily Turkish newspaper Aksam which cited Denizbank AS gold banking group manager Cem Turgut Gelgor.
According to the Turkish bank Denizbank, one of the largest in Turkey, it collected 1.5 tons of gold in 7 months.
Deposits have increased from 500 kg to over 6 tons or over 192,000 ounces (worth some ?260 million) over an unspecified period.
Kuveyt Turk Katilim Bankasi AS has added 3.8 tons of gold, Aksam quotes Kuveyt Turk product development group manager Mustafa Dereci as saying. Dereci said that Kuveyt Turk is providing new products such as ?gold from the ATM.?
The World Gold Council estimates that there are around 5,000 tons of gold remaining outside the financial system, gold which the Turkish people have prudently accumulated over the years as a store of wealth to protect from currency depreciation and debasement.
Gold jewellery producer and wholesaler Karakas Atlantis Kiymetli Madenler AS is ?working to bring unregistered gold into the system,? Chairman Kamil Karakas says in e-mailed statement today reported on by Bloomberg.
The gold wholesaler is meeting regularly with jewelers and banks in effort to draw unregistered gold assets into financial system.
Separately Turkey is aiming to position itself as a leading player in the gold jewellery and bullion industry by also becoming one of the leading gold and precious metal refining countries in the world.
Turkey is at a level to compete with international gold refining centers like Germany and Switzerland, Istanbul Gold Exchange deputy chairman Osman Sarac said today according to Dunya newspaper.
Turkey imports scrap gold mostly from Germany and the United Arab Emirates, the gold is turned into standard bullion coins and bars in Turkish refineries and exported.
Turkey imported 114.8 tons of gold by Nov. 14 this year, of which 46.6 tons was scrap, according to Istanbul Gold Exchange data.
NEWSWIRE
(Bloomberg) -- Iran?s Gold Reserves High Enough to Meet Needs: Central Bank
Iran has enough gold to fulfill domestic needs for next 15 years, Central Bank Governor Mahmoud Bahmani says, according to state media.
Bahmani spoke at summit in Islamabad: Fars.
Iran does not use gold to barter foreign goods: Bahmani.
Bahmani seeks increased use of local currencies in trade: Press TV.
Bahmani called for establishment of joint bank between D-8 member states: Press TV.
NOTE: Iran, Turkey, Malaysia, Pakistan, Nigeria, Egypt, Bangladesh and Indonesia form D-8 group.
For breaking news and commentary on financial markets and gold, follow us on Twitter.
NEWS
Gold comes off 1-month high despite firmer euro - Reuters
Gold up nearly $20 to finish higher for the week ? MarketWatch
Turkey Confirms Gold Exports Linked to Iran Gas Purchases - $6.4 Billion of gold to Iran in the first nine months of 2012? Zawya
Millions to strike in India over rising prices ? The National
Catalans take step towards break-up vote ? The Financial Times
EU ministers to discuss Greek debt ? The Irish Times
COMMENTARY
This Move in Gold and Silver is Going to Shock People; $3,000/oz Possible ? King World News
On Artificial Interest Rates And The Forfeiture Of Growth For Dividends ? Zero Hedge
Silver To Rise Fivefold ? Max Keiser
And now Adrian Ash with his commentary on gold trading in Europe this morning:
(most of these stories I have discussed with you but worth repeating)
(courtesy Adrian Ash/Bullionvault)
By: Ben Traynor, BullionVault |
| -- Posted Monday, 26 November 2012 | | Source: GoldSeek.com London Gold Market Report U.S. DOLLAR prices to buy gold fell back below $1750 an ounce, a few Dollars below where they closed last week following Friday's rally, while stocks and commodities also edged lower and US Treasuries gained ahead of further discussion on Greece at today's meeting of Euro finance ministers. Silver meantime dipped briefly below $34 an ounce this morning, though it remained within 1% of Friday's one-month high. On Friday, spot gold rallied in US trading to close above $1750 an ounce for the first time in over a month. One analyst this morning called Friday's move a "technical breakout" enabled by "illiquid trading conditions" a day after Thursday's Thanksgiving holiday in the US. "We'd like to see prices above $1760 to confirm the move," adds a note from ANZ. That would pave the way for a test of $1790-$1800...[but] We think $1800 will prove to be a step too far in the current market, and remain confident in year-end forecast of $1780." Over in India, where a central bank official talked today of the benefits of investing in "dematerialized gold", bullion importers today opted not to buy new stock for the wedding season, with the Rupee weakening against the Dollar. Eurozone finance ministers meet today to discuss Greece, following last Tuesday's meeting that ended without agreement to pay Athens its latest tranche of bailout funding. Policymakers are yet to agree on how Greece should reduce its debt-to-GDP ratio, with the aim of bringing it down to 120% over the next decade. Some Euro members have suggested reducing the interest rates Greece pays on its loans, while Germany is reported to favor allowing Greece to buy back some of its debt at below face value. In a closed-door meeting last week German finance minister Wolfgang Schaeuble reportedly told his counterparts from France, Italy and Spain, as well as International Monetary Fund chief Christine Lagarde, that Germany might eventually write off some of its loans to Greece. At the Eurozone finance ministers meeting the next day however Schaeuble ruled this out. "It turns out that Schaeuble may have exceeded his mandate from the Chancellery, if he had one," one EU official told Reuters. Elsewhere in Europe, two thirds of the vote went to pro-independence parties in yesterday's regional elections in Catalonia, with the Catalan Republican Left (ERC) party, one of several parties that have called for a referendum on Catalonia's independence from Spain, more than doubling its number of seats in the regional assembly in elections held Sunday. The Convergencia i Unio party of Catalan president Artur Mas won 50 of the 135 seats, down from 62, Bloomberg reports, meaning Mas does not have a majority in the assembly. "With a majority, Mas could have negotiated [with the national government in Madrid] for all kinds of goodies to postpone the referendum but clearly that's not an option anymore," says Ken Dubin, political scientist at Carlos III University in Madrid. Despite being Spain's richest region, Catalonia requested a ?5 billion bailout from the national government back in August. Mas has called for independent tax collection and has said net transfers from Catalonia to other regions are to blame for its financial difficulties. Over in India meantime, rules restricting banks from buying gold back from customers are "a work in progress", the Reserve Bank of India's deputy governor Subir Gokarn told a conference Monday. Gokarn also elaborated on last week's announcement that the authorities are looking at creating investment products linked to gold to satisfy demand in a country that is traditionally the world's biggest god buying nation, and which imports the vast majority of its bullion. "Since current account deficit is large and capital flows are becoming more uncertain," Gokarn said, "the role of innovation is to find ways to not deny the ability or choice of investing in gold... can we find ways to give [people] gold like products, what one may call dematerialized gold, with gold like qualities but are not entirely dependent on physical possession." Editor of Gold News, the analysis and investment research site from world-leading gold ownership service BullionVault, Ben Traynor was formerly editor of the Fleet Street Letter, the UK's longest-running investment letter. A Cambridge economics graduate, he is a professional writer and editor with a specialist interest in monetary economics. Ben writes and presents BullionVault's weekly gold market summary on YouTube and can be found on Google+ |
The anatomy of the silver manipulation fraud.? This is an important read for all of us
(courtesy Ted Butler)
November 26, 2012 - 10:28am
A friend and long-time subscriber who intends to write a book about the silver manipulation asked if I could provide him with a bit of history. To my mind, the silver manipulation dates back to early 1983, when the commercial traders grew confident that they could sell any quantity of paper short contracts to the technical fund buyers on the COMEX. By that time the commercials learned that technical fund buyers would never take physical delivery and could be counted on to buy or sell based upon price signals that the commercials could easily influence and control. In essence, the game has remained remarkably similar ever since.
While the commercials learned to behave collusively when dealing with the technical funds, there was an additional requirement that there would be one large commercial standing ready to be the short seller of last resort to backstop the combined commercial effort. Without a ?Mr. Big? standing behind and guaranteeing that the combined commercial effort to trick the technical funds would never get overpowered, the long term silver manipulation would not have been possible. Over the past 30 years, there have been a series of Mr. Big?s that have been the paper silver short sellers of last resort. Therefore, the history of the silver manipulation can be recorded along the lines of who was the big short seller at any particular time.
In 1983, the big COMEX silver short seller was Drexel Burnham Lambert, although the origination of Drexel?s short position began earlier at J. Aaron and A.C. Leon Israel (ACLI). After Drexel went bankrupt in the late 1980?s, the Drexel Trading operation was taken over by AIG Trading. Around 2004, the big silver short position was transferred to Bear Stearns. I believe AIG was forced to dispose and transfer their big short silver position on the COMEX due to pressure from then-NY Attorney General Eliot Spitzer who in turn was pressured by public petitions to crack down on the concentrated short position. Nine years ago, I wrote a number of articles (available in the archives) which focused on AIG as the big COMEX silver short. I couldn?t know it at the time, but it appears most likely that the transfer from AIG to Bear Stearns was due to Spitzer. http://www.investmentrarities.com/ted_butler_comentary/12-08-03.htmlI knew sometime in 2004 that AIG Trading ceased being the big silver short on the COMEX, by virtue of its disappearance from COMEX silver delivery transactions and withdrawal from the LBMA, but I wouldn?t learn until late 2008 that Bear Stearns had become AIG?s replacement as silver?s Mr. Big. Only in November 2008 would I learn that Bear Stearns? big silver (and gold) COMEX short position was transferred to JPMorgan in March of that year. This revelation was due to CFTC correspondence to various lawmakers indicating that the sudden jump in the short position in the US bank category of the August 2008 Bank Participation Report was due to the JPMorgan takeover of Bear Stearns. Commodity law prohibits the agency from identifying traders by name (unless charged with wrongdoing), so the letters to congressmen and senators didn?t mention either Bear Stearns or JPMorgan by name; but no other institutional merger could match with the public record.
This revelation was the pivotal point in the silver manipulation timeline. For one thing, it shined an ugly light on the CFTC. The Commission had just published in May 2008 a public denial that there was anything wrong with the concentrated short position in COMEX silver. This was the agency?s second public letter on the issue in four years.
The only problem was that, two months before the report was published; Bear Stearns went bankrupt, arguably, because of its giant silver short position. In the two or three months before its demise, Bear Stearns had lost one billion dollars on its silver short position; no one can deny that would have contributed to the Bear blow up. For the Commission not mention this in their 16-page report is lying by omission, as I have previously claimed.
But what made the CFTC?s revelation that JPMorgan was the new Mr. Big on the short side of silver so significant was that it put a name on the seller of last resort in no uncertain terms. I can?t stress enough the difference this has had. Until November 2008, I was forced to describe the silver manipulators as nameless colluders or as the four or less largest traders. Talk about boring and unspecific. Certainly, I had strong suspicions of who the previous Mr. Big was, otherwise I wouldn?t have been writing to and about AIG in 2003. And while JPMorgan was always included on my list of the big firms that dominated silver, until November 2008 I never identified Bear Stearns as a potential silver manipulator. I am the ultimate outsider and have no inside Wall Street connections; I rely on public data exclusively. It was that data (COT and Bank Participation Reports, plus CFTC correspondence) that identifies JPMorgan as the current Mr. Big and main silver manipulator. This has made all the difference in the history of the silver manipulation and its ultimate resolution. It goes without saying that I would not continuously refer to JPMorgan as crooks without irrefutable evidence.
Because I could never prove conclusively, prior to November 2008, the certain identity of the big silver short, I could only intimate or beat around the bush; I could not point to the one specific entity backstopping the commercials. For years, after acquiring 130 million oz in 1998, Warren Buffett was a very big paper short seller on the COMEX (against Berkshire Hathaway silver holdings) until he got caught short in late 2005 and lost his giant silver hoard at $7. As was the case with Bear Stearns, I never realized Buffett was shorting silver on the COMEX until long after he stopped. This is what makes learning that JPMorgan is the big short in silver so important ? for the very first time, the knowledge is in the present tense. JPMorgan is the big silver short right now.
From my point of view, it shouldn?t make a difference if we know the identity of the entity behind the silver manipulation as long as the public data indicate a level of concentration proving a manipulation exists. The level of concentration on the short side of COMEX silver leaves no possibility that the price isn?t manipulated. That?s why the CFTC has stalled for more than four years in its investigation. That investigation began shortly before it was revealed that JPMorgan was the big short. But if the case alleging manipulation by reason of excessive concentration was compelling enough for a third silver investigation, the revelation that JPMorgan was the manipulator raised the matter to a completely different level. It would not be an understatement to say that JPMorgan?s involvement has created an unprecedented circumstance.
I have never experienced, or even imagined, a situation where a major financial institution could be openly and continuously accused of violating the law with no strong rebuttal from that institution. I doubt any of you have experienced or imagined such a situation either. But life is about learning and experiencing and that includes the silver manipulation. I can understand JPMorgan?s silence, as I can?t imagine they would desire an open discussion based upon the public facts. Better for JPM to ignore the allegations and hope they will fade in time; why inflame the situation? Unfortunately for them, the last thing that is happening is any fading in the finger-pointing at JPMorgan. Based upon recent indications that JPMorgan has markedly increased its concentrated silver short position, the bank may be stuck and unable to gracefully exit its silver short position.
One thing that I don?t think that JPMorgan can easily pull off is something that previous Mr. Big?s in silver managed, namely, transferring the silver short position to someone else. Under the threat of bankruptcy or legal pressure, Drexel, AIG and Bear Stearns all dumped the short silver position on someone new. But few knew these firms were the big silver short at the time of the transfer. In contrast, many are aware that JPMorgan is the big silver manipulator, making a transfer of the manipulative position much more difficult.
The real-time knowledge that JPMorgan is the big concentrated silver short not only represents the pinnacle of the history of the silver manipulation, almost by definition that knowledge must also be at the core of the manipulation?s future. JPMorgan has been the prime price determinant since the Bear Stearns takeover in March 2008 and they will remain responsible for the price of silver as long as they maintain their concentrated short position. Seeing how there is little likelihood of a transfer of the concentrated short position, the question becomes ? can JPMorgan maintain and increase its COMEX silver short position indefinitely? I say not a chance.
While I can?t pinpoint the timing, there is no way that JPMorgan can continue to manipulate silver forever. I?m assuming that the CFTC will not start to deliberately misreport the data in the COT and Bank Participation Reports because they never have done so in the past; but even that would only postpone JPMorgan abandoning its silver price manipulation. I know that many believe that JPMorgan is invincible, fortified by protection from the US Government, but some things transcend even the most powerful of large organizations. Forces of nature and basic laws of physics and supply and demand will always overwhelm human attempts to subvert those forces; the only question is when. In any market, an artificial price level caused by an intentional manipulation distorts the law of supply and demand and must end violently at some point.
Silver?s price level is and has been artificially depressed due to JPMorgan?s concentrated short position. In addition to the negative publicity that has been attached to JPM, this concentrated paper short position has impacted the underlying host physical market in a manner that can?t be sustained. By artificially depressing the price, JPMorgan has set in motion a more powerful counter-force of stronger physical silver demand and weaker physical supply than there would have been otherwise. The artificial low price makes it a certainty that physical demand must overwhelm real silver supply and at that point, additional paper short sales by JPMorgan will not matter. If the market is demanding physical silver and that metal isn?t available, paper silver will not be accepted as a substitute. The minute that occurs, there will be a radically different price structure in silver; quite literally almost overnight. That hasn?t occurred yet, despite the long term climb in the price, but the signs are growing that we are drawing close, mainly in the form of unusually frantic movements in the big silver depositories. The important thing to remember is that regardless of how many years and decades that the silver manipulation has been in place, when it ends, it will end in a virtual instant. That?s why it?s better to be positioned early in silver, rather than late.
Ted Butler
November 21, 2012
we are finally getting into the mainstream press. ?Today GATA was discussed in the Austrian national newspaper Die Presse in Vienna. ?It seems that Austrians are worried that their gold has been compromised.
Maybe they should have listened to us at the CFTC hearings two years ago
(courtesy GATA/Austrian newspaper Die Presse)
Submitted by cpowell on Mon, 2012-11-26 17:45.?Section:?Daily Dispatches12:43p ET Monday, November 26, 2012
Dear Friend of GATA and Gold:
The Austrian Press Agency today cited GATA at length in its follow-up story about the status of the Austrian central bank's gold and the possibility of an audit. The story has been published by the Austrian national newspaper Die Presse in Vienna --
-- and as well as by other Austrian news organizations:
A translation of the APA story by our friend the German freelance journalist Lars Schall is appended.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
Auditors Could Fail in Taking Reliable Inventory of Austrian Gold
The U.S.-based organization Gold Anti-Trust Action Committee alleges that Western central banks have manipulated the price of gold for decades.
By Austrian Press Agency
via Die Presse, Vienna
Monday, November 26, 2012
The Oesterreichische Nationalbank (OeNB) last week revealed a lot about the 280 tons of gold held by the Republic of Austria, but to which part of it they really have access is hard to identify, according to a U.S. organization that has been working for 15 years on the international gold market.
"In order to know that, the bank would have to disclose not only how much it has lent out up to date, but also whether the gold is held in allocated or unallocated accounts," Chris Powell of the Gold Anti-Trust Action Committee (GATA) told APA over the weekend.
According to GATA, allocated gold means that the bars are accurately weighted and have serial numbers that can be directly attributed to the owner and the bars must be handed over at the depositor's request. Unallocated gold is merely a claim against the storing institution, in this case, for example, the Bank of England (BoE) and the Bank for International Settlements (BIS).
GATA believes that these claims are unsecured; whether this is really the case was never officially announced. Institutions such as BoE and BIS conduct gold swaps by a volume of several hundred tons each per year.
In the case of unallocated gold, the OeNB would have had neither the right to get particular bars back nor would there be a list that could be used for an inventory of the physical assets.
"As a consequence it could be virtually impossible to audit reliably a large part of the gold reserves," GATA Secretary Powell said in his email. As has been reported, in 2013 the Austrian Court of Auditors will review the National Bank and its foreign exchange reserves, but to date it has left open whether this will include the physical gold holdings.
GATA alleges that Western central banks have manipulated the price of gold for decades to support their currencies -- especially the U.S. dollar -- and to maintain artificially low interest rates. Many of these gold transactions are carried out with reserves of central banks, so they may be storing in their vaults only half the gold that officially counted.
Critics dismiss this as "conspiracy theory" and describe these theories as "far-fetched". But GATA publishes on its Internet site (http://www.gata.org) official documents and statements that more or less should prove secret interventions by central banks.end ?
(courtesy Chris Powell/GATA/Kingworld news/John Embry/Robert Fitzwilson)
http://kingworldnews.com/kingworldnews/KWN_Daily
Web/Entries/2012/11/26_W...
And fund manager Robert Fitzwilson tells King World News why he thinks a chaotic phase in the world economy is about to begin:
http://kingworldnews.com/kingworldnews/KW
N_DailyWeb/Entries/2012/11/25_C...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
end
I do not know the validity of the following news story as it was presented this evening at Lemetropolecafe.
If true it would be far reaching..an big European bank caught short, shipped tungsten filled gold bars to cover their shortfall:
http://hat4uk.wordpress.com/2012/11/26/gold-fraud-exclusive-eu-and-asian-sources
-allege-the-tungsten-switch-has-gone-sovereign/
Fool?s Gold??Deutsche Bank, China, and US embroiled in faking suspicions
On and off for over five years now, I?ve been reporting on the existence or otherwise of (1) the gold the US Federal Treasury claims to have stored securely at various points across America and (2) a fix/manipulation scam on the price of gold per se. When I first raised these points (along with thousands of other sites) in late 2006, we were all of us consigned by the commentariat of the day to those Outer Limits reserved for The Loonies.
Since that time, we have seen the mysteriously dramatic rise in the level of Chinese gold reserves, the admission by several central banks that they?ve been buying and selling the stuff below the radar, and the scandals involving manipulation of the Libor and Eubor rates which, on their own, make the claims of gold jiggery-pokery look considerably more credible.
During 2009, I reported a couple of times about major gold investors known to me personally who were having trouble persuading Swiss storage facilities to cough up the shiny metal, once those gold-bugs decided they?d like to shift it to somewhere less remote than Cuckoo-clock land. Over the last few weeks, we have seen various sovereign States (led by Germany) saying they?d variously like to audit and/or shift their gold reserves nearer to home. The US Federal Reserve?s delay in obliging its clients with sight and shipping of said stocks has gone from being mildly amusing via odd to alarming.
But now a new fraud has entered the frame.
For those who don?t already know this, tungsten has very nearly? the same density as refined gold. Gold sells today at around $1740 an ounce, and Tungsten at $10 a pound. With a bit of judicious disguise, putting tungsten inside a gold bar can even fool an X-ray machine under certain circumstances. A Slog source in Austria is now alleging that Deutsche Bank ?fulfilled? one gold repatriation in recent years with the help of Tungsten. He further claims that some of this has now turned up in Asia.
However, here?s the killer: since hearing this rumour (actually, it?s rather more than that, but I have a source to protect here) I?ve made a couple of calls and read some well-argued websites on the subject of tungsten issues. One consistent feedback concerns the Chinese opinion on these bars.
Their origin is thought by Beijing to be the United States of America.
Forbes rubbished the?tungsten-in-gold story?last March, but from a commonsense viewpoint I was struck by the article?s (a) apparent inability to see beyond drilling and infilling as the method, and (b) the author?s unwillingness to see the problem as only likely to occur in smallish shipments. Late last September, however,?Zero Hedge?ran a Tyler Durden piece confirming that several smaller retail gold bars sold in Manhattan had been found to have tungsten innards. The ZH take on this event was that it might be part of yet another Fed Reserve attempt to impugn gold?s validity, and thus keep investors locked into the stock market, bonds and property.But the thing I?m hearing about in this instance ? while it could have the same Fed/Central Bank motive ? is on an entirely different scale. Here we are talking about an Establishment eurobank alleged to have been caught short on a fulfilment order, and using the tungsten scam to fill the gap.
This is an entirely different criminal intent: not the somewhat crude attempt to con a retail greenhorn, but rather an well-planned and sophisticated ?salting? of the gold bars by a major bank?.designed to fool even an expert engaged in approving the purchase for a large sovereign client. Here, using perhaps as little as 25% tungsten would be enough to make up the embarrassing shortfall.
There is no reason at all for anyone to see this as far-fetched. The SME scams pulled by RBS, and Libor manipulations carried out across the piece of Establishment banking, have been solid evidence in recent times of desperation on the part of those suddenly faced with a brave new world where Berlin wants all its gold back?.but the gold isn?t there any more.
The ramifications of this go far beyond a pro-am retail fraud. First off, ultimate discovery of the scam is a certainty: so you?d have to be pretty damned desperate to try it on. And second, I do find it intriguing that these reports have popped out of the woodwork just when the ECB is thought to be planning some form of gold-backing for any eventual eurobond issues ? should the eurozone survive. Trust me, if Mario Draghi is capable of pulling the stunts he?s been at vis-a-vis Greek bailout ?money?, Bank of Greece money-printing, and bondholder subordination, then like most Goldman Sachs graduates, he?s capable of anything.
As I write, gold is trading at the upper end of $1746-1751 per oz.
?end
And now your major paper stories which influences the price of gold and silver:
?We now get terms for Spain with respect to the bank bailouts. ?Spain will receive bailout cash but first they must fire 8,000 bankers at nationalized banks such as Bankia.
And this will solve Spain's problems with high unemployment already? ?These bankers are highly salaried and they pay taxes. ?Now it's the sovereign's turn to pay for these guys with unemployment benefits:
(courtesy zero hedge)
Submitted by?Tyler Durden?on 11/25/2012 09:07 -0500From Reuters:
European authorities will transfer 35 billion euros to Spain's state bank rescue fund on Dec. 15 in exchange for massive layoffs at Spain's four nationalised banks, including state-rescued Bankia, El Pais newspaper reported on Sunday.
The cash injection from European bailout funds will be disbursed to troubled Spanish banks two weeks after it is paid into Spain's bank restructuring fund, or FROB, the paper said.
Bankia, which sought a 23.5 billion euro bailout from the state in May, is expected to be forced to lay off up to 6,000 people from its current 20,000 staff, while NovaGalicia Bank is seen laying off 2,000 of its 5,800 workforce, said El Pais, citing European and banking sources.
Bankia and NovaGalicia Bank declined to comment on the report, which also said the banks would have to close 1,000 branches between the two of them.
Catalunya Caixa (CX) and Banco de Valencia, the other two nationalised lenders, are currently being sold off, and conditions would be imposed on the buyers, the paper said.
Spain's economy ministry also declined to comment on the date the aid could be disbursed to the state rescue fund, or the exact amounts the lenders would finally need.
This is the chart of bank employees we showed back in May:
So, the "massive" headcuts at the 4 nationalized banks will lower total bank headcount by... 3%. Surely this will fix Spain.
But the immediate problem for Spain is that these soon to be former 8000 workers at least used to collect paychecks, quite higher than average at that, and pay taxes on said earnings. That will soon end, and the immediate result will be even less government tax collections, even as the ongoing persistence in cutting any spending means the budget will continue to soar, and only pulling a Groupon, and revising the budget to exclude this, that and the other line item, will make Spain appear even remotely viable.
But the best news from today, and one we can't wait to witness first hand, will be Spanish cops and bankers protesting side by side against evil, and largely non-existent (sorry, the cut of the 13th annual salary is?not?belt tightening), austerity starting in 5... 4... 3...
As of 07:06:38 ET on 11/26/2012.
Source: http://harveyorgan.blogspot.com/2012/11/silver-open-interest-rises-againsilver.html
d rose iman shumpert mayweather vs cotto shumpert hopkins hopkins dear john
)
