Liberty Global has said it will reduce the headcount of its Dutch operations by approximately 450 over the next three years as a result of the merger of its existing UPC Netherlands unit with Ziggo. The reduction is expected to impact product development, innovation and infrastructure and management staff. The company will close its offices in Heerhugowaard, Rijswijk and Nijmegen and will relocate staff elsewhere where possible.
Ukrainian cable operator Volia has added production studio Savik Shuster Studio-owned channel 3s.tv to its programming line-up.The channel will air content from the studio, including news and magazine programming, commentary and analysis of Ukrainian and international events and social, political and economics-related discussion programmes.3s.tv will air in Volia’s Start package.
Yahoo completed its first global live stream of a regular season NFL game across devices yesterday, in what it claimed was “a new era of sports programming” for the company.Yahoo streamed the NFL International Series American football game between the Buffalo Bills and Jacksonville Jaguars from London’s Wembley Stadium and signed up more than 30 brands as advertisers for the online broadcast.Advertisers including American Express, Bose, Chrysler, Emirates Airline, KFC, Microsoft and T-Mobile were able to select global or US-only advertising to reach the most attractive audiences.Yahoo also said that ad partners could also use Yahoo’s demographic and viewership data for “retargeting at scale” to engage their audiences with display, video, native and search advertising across Yahoo’s properties.
CBS in the US has launched a 24-hour streaming sports news network offering news, highlights and analysis.The free service is a collaboration between CBS Sports and CBS Interactive and uses the combined resources of CBS Sports, CBSSports.com, 247Sports, SportsLine, CBS Sports Fantasy and MaxPreps to deliver live news, game previews, post-game analysis, highlights and statistical breakdowns.“CBS Sports HQ is another key step in the evolution of the CBS Corporation,” said Leslie Moonves, chairman and CEO, CBS Corporation.“From CBS All Access to Showtime OTT to CBSN, we are creating best-in-class direct-to-consumer streaming platforms that are positioning us to be leaders in the future of premium content distribution.”Jim Lanzone, CEO, CBS Interactive and chief digital officer, CBS Corporation, said: “CBS Sports HQ is for fans who want more coverage of the game. Sports fans can now get the news and highlights they want in a true, round-the-clock sportscast on any device, where and when they want.”At launch, CBS Sports HQ is available on CBSSports.com; the CBS Sports app for connected TV devices including Amazon Fire TV, Apple TV and Roku; the CBS Sports mobile app for iOS and Android; CBSN; and the CBS All Access subscription service.CBS Sports HQ replicates the model CBS News and CBS Interactive used to launch 24/7 streaming news service CBSN, which went live in November 2014.
Portuguese regulator ANACOM has ordered the country’s main telecom operators to change their broadband offerings after ruling that a number of packages that ‘zero rate’ some applications break net neutrality rules.While the practice of zero rating – exempting applications such as video streaming services from broadband tariffs for example – is not illegal in itself, ANACOM study of Portuguese operators’ practices found that a number of these were in breach of EU telecom single market and roaming rules.The watchdog homed in on the practice of exempting zero-rated applications from ceilings on data use that lead to blocking of restrictions on traffic from other applications.João Cadete de MatosANACOM also ruled that the operators were in breach of new roaming rules by restricting zero-rated guarantees to Portuguese territory.The regulator has now given Altice Portugal/Meo, NOS and Vodafone 40 days to change their offers. The watchdog’s draft decision will be submitted to a public consultation, with a first hearing in 25 working days.The three operators immediately issued a joint statement condemning ANACOM’s ruling.Meo, NOS and Vodafone expressed their “perplexity” at the decision, which they said had not been preceded by a prior presentation or discussion. The claimed that the move would “damage the interests of consumers” by banning offerings that were “a response by operators to the needs of consumers”.The operators also questioned ANACOM’s interpretation of the EU’s regulations and said that the had bee waiting for two years for clarification and guidance, in the absence of which they had formulated their own interpretation of the European regulations.The ANACOM ruling concerns six packages apiece offered by Meo and Vodafone, and two from NOS.ANACOM has admitted that there is inadequate provision in Portuguese law to deal with these infringements. The regulator has proposed a series of amendments to the country’s electronic communications law that ANACOM president João Cadete de Matos told local press should be delivered in the coming weeks.
Blue Ant Media is launching its kids and global networks division in Europe, the Middle East and Africa (EMEA) via new carriage deals for Love Nature and ZooMoo, with Chiara McKee leading it as regional VP.Chiara McKeeAs part of its EMEA launch, Love Nature’s 4K channel has landed on Ooredoo TV’s UHD linear service in Qatar. Along with ZooMoo, Love Nature is also set to appear on MyTV in Nigeria.McKee will lead the company’s EMEA channel distribution sales, operations and marketing from Blue Ant’s London office. She reports to Ward Platt, CEO of Blue Ant Kids & Global Networks.She will oversee Love Nature 4K, Love Nature HD, ZooMoo and the animated live action YouTube gaming channel Arcade Cloud.McKee was previously director for Love Nature International, where she led marketing and brand partnerships for its international linear channels and streaming video platform.Platt said: “Chiara has a proven track record of success with building and growing strong, global brands that resonate with diverse audiences around the world, serving our global channel distribution business very well.“Love Nature and ZooMoo’s expansion into EMEA showcases the demand that nature fans of all ages, all over the world, have for premium natural history content and stunning original programming.”
The inexorable rise of subscription video-on-demand and the concomitant decline of advertising-based broadcasting is a well-established – and sometimes hotly contested – trend in the media distribution world.Drew Marcus (centre) and Steve Pruett (right) at the NAB ShowThe impact of streaming services on traditional video consumption patterns has been most strongly felt in the US. While over-the-air TV has seen uplift from cord-cutting – as Millennials combine streaming services with good old free TV rather than pay huge cable bills – the bigger story is that changing viewing habits are hitting traditional media.Broadcasters are not standing still. At the NAB Show this week, Steve Pruett, EVP and chief TV development officer at US local broadcast giant Sinclair said that his group could look to develop its own virtual MVPD platform and ultimately develop a wider SVOD offering to counter emerging challenges to over-the-air broadcasting.Sinclair, which has been building a national platform from which to launch new services, already offers a subscription service around The Tennis Channel. However, the rise of streaming outfits such as DISH Networks’ Sling TV has given traditional players such as Sinclair an outline of how the ‘skinny bundle’ model could be shaped to serve broadcasters’ interests.Speaking alongside Pruett, Drew Marcus, senior advisor at Guggenheim Securities, provided the context: he said that TV station stocks in the US were down 21% this year so far. Entertainment stocks in general were flat, he said. However, broadcast stations were only trading at only 5.7 times free cash-flow, indicating that public markets are concerned about their future.Subscriptions and direct-to-consumer plays are of course more complex than advertising-supported TV because they involve a direct relationship with consumers who will blame the broadcaster if something they are paying for isn’t working properly or if a cancellation of the service isn’t properly processed.Pay TV broadcasters already know about the subscription model, but those with sufficient scale are diversifying into low-cost direct-to-consumer offerings, meaning they too need to manage a direct relationship. Disney this week took the plunge with its launch of ESPN+, its new OTT TV service launched alongside a new version of the ESPN app.ESPN has of course invested heavily in the technology platform necessary to support its digital offerings through its investment in BAMTech. Other would-be OTT TV entrants among players that traditionally have focused either on advertising, or on selling channels to affiliates, may find the direct relationship more challenging.They are also pitching their tents in the OTT camp at a time when growth in penetration of SVOD is slowing down. Also this week, Ampere Analysis published research that showed no overall penetration increase of SVOD in the US for four consecutive quarters.The Ampere research did however find that there is still opportunity for growth through ‘service stacking’ – the accumulation of multiple, relatively low-cost subscriptions by individual households – as well as room for growth in international markets beyond the US.According to Ampere, the number of subscriptions per SVOD home the US stands at 2.79, much higher than the nearest European rival Sweden.While even that US number still leaves room for growth, winning a place on a household’s subscription list will prove more challenging the greater the number of services there is to choose from. Netflix and a handful of other services have the marketing power to be perceived as ‘must-have’ offerings, but services with more marginal appeal are likely to struggle, even if the price point is relatively low. The pay-back threshold could of course be lowered if broadcasters outsource the technical and subscriber management aspects of direct-to-consumer, but they still need to license content in a window that makes sense, or make their own content and potentially forego revenues from selling it on to third-party licensees.It’s also worth remembering that while one of the big merits of traditional pay TV was that it delivered predictable cash-flow through recurring subscription revenue, that ‘recurring’ part is a whole lot less certain in the OTT TV world. Here, subscriptions can typically be cancelled after a month, rather than after 18 months or two years, and service providers are competing for eyeballs with multiple other providers, rather than one or two alternative pay TV providers.Which is one reason why, to paraphrase Mark Twain, reports of broadcast’s death may be greatly exaggerated. Another speaker at the NAB Show, Lionsgate chairman Kevin Beggs, made the point that broadcast remains “an amazing business” and that, for most of the shows that studios produce, “the broadcast model is the most lucrative”.if that is true for a studio producing primarily scripted content in the self-proclaimed golden age of drama, it is probably also true for broadcasters themselves. Broadcasters know they need to diversify. They know that consumption patterns are changing. But they are unlikely to put all their eggs in the SVOD basket.
ShareTweet crashesDerrydjsmtv For more information on the MTV DJ school event and to book a place go to firstname.lastname@example.org.DERRY DJ’S TO SHARE STAGE WITH MTV STARS was last modified: September 17th, 2014 by stephenstephen Tags: Chase and Status.Three young Derry DJs are to share stage with top dance acts Chase and Status, DJ Fresh and Sigma at the MTV Crashes gig being held in the city this weekend.Fifteen year-old duo Callum Porter and Mark Kivelehan, and 22-year-old Erika Lauren, will have their dreams come true when they will play to 10,000 fans at Ebrington on Saturday night.Erika is due to become a Bounce DJ mentor for the organisation’s forthcoming Girls Allowed Legacy project in schools across Derry. Having DJ’d around the world including Ibiza, Britain, New Zealand, Asia and the Pacific islands, she has performed on the same bill as Calvin Harris, Eric Prydz and James Zabiela.Aspiring house producers Callum and Kivelehan are already well known for their work with artists such as Dirtex and Kriv.Other aspiring young DJs will also have the opportunity to work with some leading industry names on Saturday afternoon at a special Club MTV DJ school event taking place in the Music City Video dome.The event, which will take place from 12 noon to 4.00pm, is aimed at 12 to 18-year-olds interested in the art of DJing, rapping and production – and Club MTV DJs will be dropping in on the day to check out some of the material being produced.
ShareTweet “The community has rejected these attacks, there is no place for guns on the streets of our city.“Sinn Féin will continue to engage with the PSNI in the time ahead to ensure progress is made in bringing these attacks to an end before someone loses their life.”SINN FEIN MEET PSNI OVER SPATE OF DERRY SHOOTINGS was last modified: November 15th, 2017 by John2John2 Tags: A Sinn Féin delegation met with senior police officers in Derry today to discuss a spate of recent shootings across the city. The Sinn Féin delegation included Foyle MP Elisha McCallion and Raymond McCartney MLA.Speaking after the meeting, Sinn Féin Justice Spokesperson Raymond McCartney, reiterated a call for the “PSNI to get to grips with armed gangs”. Raymond McCartney said: “Sinn Féin today met with the PSNI to discuss the ongoing shootings and incidents across the city in recent months.“This has included a number of young men being shot in the legs; shots being fired into houses, and armed gangs attempting to enter homes.“I made it clear to the PSNI that they must step up to the mark and tell the public exactly what they are doing about these incidents, and that needs to go beyond giving stock answers.“I also highlighted the very serious questions that are emerging about how the PSNI is handling these incidents. There is a growing perception in the community that these armed gangs are operating with impunity. ELISHA MCCALLIONRaymond McCartneySINN FEIN MEET PSNI OVER SPATE OF DERRY SHOOTINGSSINN FEIN MLA
Pinterest Google+ BECKLEY– This month the state health department announced that Hepatitis A is on the incline in West Virginia with over 90 cases being confirmed, mainly in Putnam & Kanawha counties.So what exactly is Hepatitis A? Candace Hurd, a nurse at the Raleigh County Health Department, explains that it is typically transferred through food.“Hepatitis is an infection that affects the liver and its something that spreads through a fecal oral contamination,” she said.Hurd adds that one of the main ways to contract the liver infection is through eating uncooked foods that potentially have been contaminated.After catching the virus it can take up to 60 days before you start seeing serious symptoms.“Abdominal pains, nausea, vomiting, diarrhea, if you feel excessively tired, the biggest thing is the whites in your eyes may start to turn yellow, those would be things you’d want to be seen for.”Though hepatitis can easily be treated, it still can be a fatal disease in some cases.In order to make sure you don’t contract the virus its suggested you do two simple things:“The main thing is through hand washing and the fact we offer hepatitis vaccines.” Facebook Tyler Barker Tyler Barker is currently the Interim News Director and Digital Content Manager for WOAY-TV. I was promoted to this job in Mid-November. I still will fill in on weather from time to time. Follow me on Facebook and Twitter @wxtylerb. Have any news tips or weather questions? Email me at email@example.com Home NewsWatch Health Local Health Officials Warn of Health Risks of Hepatitis A Twitter Tumblr Next PostLocal Principal Retiring After More Than 40 Years in Education Mail Linkedin Previous PostBenefits Bill Passed to Aid Families of Fallen Firefighters HealthLocal NewsNewsWatchState NewsTop Stories Local Health Officials Warn of Health Risks of Hepatitis A By Tyler BarkerMay 21, 2018, 21:37 pm 1914 0 Leave a Reply Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website
It remains to be seen how these rallies develops in the days and weeks ahead.Gold added about seven or eight bucks to its price in the hours leading up to lunch time in Hong Kong on their Thursday morning…and then traded more or less flat into the London p.m. gold fix…10:00 a.m. in New York. From there, the gold price rallied another ten bucks up until 2:00 p.m. Eastern time…and then traded flat into the 5:15 p.m. electronic close.Gold closed at $1,468.20 spot…up $36.70 spot… and virtually on its high of the day, which was $1,470.50 spot. Volume was way up there…around 209,000 contracts, so it’s obvious that this rally did not go unopposed.Silver also rallied in early Far East trading…and then wandered around either side of $23.25 spot right up until 1:00 p.m. in London…twenty minutes before the Comex open in New York. Then the price popped for about 60 cents in the next thirty minutes of trading…and rallied at a much slower pace from there.Silver closed at $24.40 spot…up $1.24 from Wednesday’s close…and virtually on its high tick of the day as well. Net volume was a chunky 40,000 contracts.The dollar index closed on Wednesday at 82.94…and then began to head south shortly after it opened in the Far East on their Thursday morning. By the time the low of the day was in 8:20 a.m. in New York…the Comex open…the index was down to 82.42. From there it rallied back to virtually unchanged on the day by 10:30 a.m. Eastern time…but then slid a hair into the close…finishing the Thursday session at 82.78…down 16 basis points on the day.Compared to the 7 percent rally on nothing on Wednesday, I was underwhelmed by the performance of the gold stocks in the face of a solid rally in the metal itself on Thursday. The rally in gold flat-lined at 2:00 p.m. Eastern time…and at that moment, the HUI was up a bit over 3 percent. But then someone came along and sold the stocks down…and the HUI finished up only 0.70%. One has to wonder who was selling in such a reckless manner yesterday.The silver stocks did much better, but only marginally so considering the size of the gains in the metal itself. Like gold, one has to wonder who the 2:00 p.m. EDT sellers were on Thursday, compared to the smooth-as-glass-rally-based-on-nothing price action on Wednesday.Nick Laird’s Intraday Silver Sentiment Index closed up 3.18%.(Click on image to enlarge)For the day, gold finished up 2.56%…and silver closed up 5.35%…so compared to the metals themselves, the shares did lousy. I’d be prepared to bet that there was a not-for-profit seller lurking about to make sure that the shares didn’t have a blow-out day to the upside. But if that was the case, would someone please explain the share price action on Wednesday.The CME’s Daily Delivery Report showed that 202 gold and 10 silver contracts were posted for delivery on Monday. JPMorgan Chase was the short/issuer on all 202 contracts out of its client account…and Barclays and Canada’s Bank of Nova Scotia were the long/stoppers on 133 and 67 contracts respectively. The link to yesterday’s Issuers and Stoppers Report is here.GLD‘s inventory levels continue to slide, as an authorized participant withdrew 87,041 troy ounces yesterday. But the big surprise was in SLV…as an authorized participant deposited 1,545,392 troy ounces!There was another sales report from the U.S. Mint yesterday. They sold 7,000 ounces of gold eagles, along with 1,500 one-ounce 24K gold buffaloes. For the second day in a row they didn’t report any silver eagles sales.It was another busy day over at the Comex-approved depositories on Wednesday. They reported receiving 598,041 troy ounces of silver…and shipped 1,296,767 troy ounces of the stuff out the door. The link to that activity is here.In gold, the Comex-approved depositories reported receiving 1,286 troy ounces on Wednesday…and shipped 355,996 troy ounces out the door. The link to that activity is here.I’d love to be a fly on wall at these depositories and know for sure what this ‘metal in motion’ is all about.It was another busy day at the store yesterday…and I was a tired puppy by the time I left for the day. It’s not wall-to-wall people anymore, but the traffic just never stops for more than a few minutes at a time. There always seems to be someone in the store at any given moment…and we have little time to do anything else. I don’t think the mints of the world could even keep up with this demand level. One thing that is worth noting, is that we went from two week delivery on gold maple leafs and bars last week, to two months…maybe…on Wednesday. This delivery delay in gold is unprecedented in this country! One can only imagine what it will be like when the gold price begins to rise in earnest once again.Here’s a group of photos sent to me by Hong Kong reader Frank Lin yesterday. He comments that “These pictures were taken from one of the largest gold jewelers in Hong Kong [on Tuesday]. I was told only expensive pieces are left.” The photos of the empty cases certainly confirms that. Having spent some time in Hong Kong myself…and knowing how many jewellery stores there are just in the Kowloon area alone, one has to wonder just how long it will take all of them to restock when they’ve been wiped out to that extent…and that doesn’t include replacing the bullion they’ve sold as well.As I noted in a story posted in the ‘Critical Reads’ section yesterday, there’s a new U.S. $100 bill coming out in October…and it’s already been redesigned by someone on the Internet. It’s rather fetching, isn’t it?While on the subject of money, I received the chart posted below from Casey Research‘s own Jeff Clark around 2:00 a.m. Eastern time this morning. According to the St. Louis Fed, the adjusted monetary base has just exceeded 3.0 trillion for the first time. That happened on April 17th.(Click on image to enlarge)I have what I believe to be a ‘reasonable’ number of stories for you today…but the final edit is always up to you.The issue which has swept down through the centuries…and which will have to be fought sooner or later…is the people vs. the banks. – Lord Acton, Historian, 1834-1902I was happy to see the rally in all four precious metals yesterday…including copper and crude oil. It certainly didn’t look like short-covering to me…and looking at the volume numbers I would guess that the bullion banks were going short against all comers in all six markets. Unfortunately, what happened yesterday won’t be in today’s Commitment of Traders Report.It remains to be seen how these rallies develops in the days and weeks ahead. Here’s the 6-month gold chart showing the 20 and 50-day moving averages. We should start to see some signs of short covering by the technical funds once the 20-day moving average is pierced to the upside. How the bullion banks and small traders [Ted Butler’s raptors] react once that event happens will be interesting to watch. Will they allow the technical funds out on the cheap, or will they inflict some pain by refusing to sell their longs positions to them until we are much higher in price? That, as Ted Butler has stated on many occasions in the past, is the key to how this rally unfolds. So we wait.(Click on image to enlarge)If you had time to run through Matt Taibbi’s essay at the beginning of the ‘Critical Reads’ section further up, you will have discovered what GATA has known for almost a decade…and that is that the banks control everything. However, British economist Peter Warburton wrote about it long before we at GATA cottoned on to this fact. I discovered his essay on the Prudent Bear website about a decade ago…and what I call the ‘three most important paragraphs in the world’ embedded in that essay, have been the lens that I have looked at the financial system through ever since.I’ve posted them many times in this space…but they bear repeating at this point in time. Needless to say they are a must read. Keep in mind while you’re reading that this was written in 2001…twelve years ago to the month.“What we see at present is a battle between the central banks and the collapse of the financial system fought on two fronts. On one front, the central banks preside over the creation of additional liquidity for the financial system in order to hold back the tide of debt defaults that would otherwise occur. On the other, they incite investment banks and other willing parties to bet against a rise in the prices of gold, oil, base metals, soft commodities or anything else that might be deemed an indicator of inherent value. Their objective is to deprive the independent observer of any reliable benchmark against which to measure the eroding value, not only of the US dollar, but of all fiat currencies. Equally, their actions seek to deny the investor the opportunity to hedge against the fragility of the financial system by switching into a freely traded market for non-financial assets.”“It is important to recognize that the central banks have found the battle on the second front much easier to fight than the first. In November [of 2000], I estimated the size of the gross stock of global debt instruments at $90 trillion for mid-2000. How much capital would it take to control the combined gold, oil and commodity markets? Probably, no more than $200bn, using derivatives. Moreover, it is not necessary for the central banks to fight the battle themselves, although central bank gold sales and gold leasing have certainly contributed to the cause. Most of the world’s large investment banks have over-traded their capital [bases] so flagrantly that if the central banks were to lose the fight on the first front, then their stock would be worthless. Because their fate is intertwined with that of the central banks, investment banks are willing participants in the battle against rising gold, oil and commodity prices.”“Central banks, and particularly the US Federal Reserve, are deploying their heavy artillery in the battle against a systemic collapse. This has been their primary concern for at least seven years. [Emphasis is mine. – Ed] Their immediate objectives are to prevent the private sector bond market from closing its doors to new or refinancing borrowers and to forestall a technical break in the Dow Jones Industrials. Keeping the bond markets open is absolutely vital at a time when corporate profitability is on the ropes. Keeping the equity index on an even keel is essential to protect the wealth of the household sector and to maintain the expectation of future gains. For as long as these objectives can be achieved, the value of the US dollar can also be stabilized in relation to other currencies, despite the extraordinary imbalances in external trade.”Warburton’s essay is headlined “The debasement of world currency: it is inflation, but not as we know it“. It was written on April 9, 2011…and this copy of it is posted at the gold-eagle.com Internet site. The link is here.Today we get the latest Commitment of Traders Report for positions held at the close of Comex trading on Tuesday, April 23rd. As I’ve mentioned several times in this space during the last week, it’s my opinion that the latest data in the Commercial and Non-Commercial category is totally compromised…and I will be more than interested to see if they have made amends in this report when it shows up on the CFTC’s website at 3:30 p.m. Eastern time. I’ll let you know tomorrow.Both gold and silver were rallying nicely in early Far East trading on their Friday, but got sold down the moment they got too frisky…and both metals are down a bit now that London has been open about thirty minutes. Volume in gold is already very chunky…over 45,000 contracts…most of which is of the high-frequency trading variety. Silver’s volume is getting up there too, but roll-overs out of the May delivery month are very heavy as well, so net volume is very light. Monday should be the last big day for roll-overs out of the May contract in silver. The dollar index is down about 15 basis points.And as I hit the ‘send’ button at 5:10 a.m. Eastern time, both gold and silver are a bit lower now that London has been open for two hours and change. Gold is down about seven bucks…and silver is down 28 cents. Gold volume is now over 70,000 contracts…and silver’s net volume is very light…around 4,800 contracts. The dollar index is still down 15 basis points.Since today is Friday, I’ll be ready for any possible price scenario when I switch my computer on later this morning.Enjoy your weekend, or what’s left of it…and I’ll see here tomorrow.
Volumes are way up as well. In gold, volume is just over 43,000 contracts, and silver’s volume is now at 14,000 contracts, which are almost the same as the volumes at this time of day on Monday. The dollar index has spiked up a whole 9 basis points. It could be an interesting day during the New York trading session, so nothing will surprise me when I switch my computer on later this morning. That’s all I have for today, and I’ll see you here tomorrow. The gold stocks managed to keep their heads above water until the gold price began to sell off shortly after the 1:30 p.m. EDT Comex close, and the shares followed. The HUI closed down 1.57%, virtually on its low of the day. It’s visible for all to see, unless they’re willfully blind, that is. The gold price opened flat in New York on Sunday night and then didn’t do much until 9 a.m. in Hong Kong when a not-for-profit seller took gold down about fifteen bucks in just a few second. The price struggled back after that, but could never made it above the $1,330 spot price mark before getting sold down. Gold closed at $1,322.30 spot, down $3.30 from Friday’s close. Gold’s net volume on the day was 144,000 contracts, with 35,000 of that coming before the London open, so you can see that trading was very active in the Far East on their Monday. The silver stock headed south even earlier than the gold stocks, and Nick Laird’s Intraday Silver Sentiment Index closed down 2.82%. A lot of the silver miners did much worse than that. The silver equities, like their golden brethren, have now given back all their gains from last Wednesday. The CME’s Daily Delivery Report for Monday showed that zero gold and 80 silver contracts were posted for delivery within the Comex-approved depositories on Wednesday. There were seven short/issuers, with the biggest being ABN Amro with 47 contracts. The three largest stoppers were Canada’s Bank of Nova Scotia with 32 contracts, followed by JPMorgan Chase with 28 contracts in its in-house [proprietary] trading account, and 14 in its client account. The link to yesterday’s Issuers and Stoppers Report is here. There was another withdrawal from from GLD yesterday, as an authorized participant took out 19,309 troy ounces. And as of 10:01 p.m. yesterday evening, there were no reported changes in SLV. Since yesterday was Monday, the U.S. Mint had a sales report. They sold 3,000 ounces of gold eagles; 3,500 one-ounce 24K gold buffaloes; and 710,500 silver eagles. There wasn’t much in/out movement in gold within the Comex-approved depositories on Friday. They reported receiving 5,353 troy ounces of the stuff, and shipped 385 troy ounces out the door. The link to that activity is here. As usual, there was a lot more activity in silver. They reported receiving 500,272 troy ounces, and 138,665 troy ounces were shipped off to parts unknown. The link to that action is here. Since today is Tuesday, I have a few more stories than normal, so I hope you’re able to find the time to read the ones that interest you the most. I’m not a Fed-Head because whatever they do is not specific to silver and gold, but applies to asset values in general. I’m more interested in the things most specific to silver and gold. As is usually the case, what moved silver and gold violently this [past] week was not the Fed, in my opinion, but factors much more specific, namely, the illegal trading practices on the COMEX. In fact, it’s hard for me to comprehend how anyone paying close attention could fail to see the obvious explanation for the week’s volatility in silver and gold – JPMorgan and other collusive commercials rigging prices on the COMEX for their own benefit. – Silver analyst Ted Butler: 21 September 2013 Except for the 9 a.m. appearance of the high-frequency traders in Hong Kong, it was pretty quiet during the rest of the trading day both in Europe and in New York on Monday. I also noted that all four precious metals got sold down for small loses during electronic trading after the Comex had closed for the day. Nothing will happen price-wise until JPMorgan and the raptors [the Commercial traders other than the Big 8] stop doing what they’re doing. The gold and silver pundits out there can predict rallies until the cows come home, but until the above-mentioned players stop gaming the system, either for profit or on Fed/BIS orders, or both, nothing will come of it. These guys can step into the market any time they wish, and as you can tell from the price action since the low back at the end of June, that’s precisely what they’ve been doing, andand it’s visible for all to see, unless they’re willfully blind, that is. Today, at the 1:30 p.m. EDT close of Comex trading, is the cut-off for this Friday’s Commitment of Traders Report. If the Tuesday trading session comes and goes with little price action [at least to the upside] then we should get a very clear picture of what happened on Wednesday and Friday of last week, the big up/down days following the Fed announcement. All four precious metals traded marginally higher during most of the Far East trading day on their Thursday, and silver managed to spike above $22 for a minute or so. However, shortly before 2 p.m. Hong Kong time, all four came under high-frequency trading selling pressure, and now prices are back to around their Monday closes in New York. Volumes were very decent in Far East trading, but not anywhere near as high as they were on Monday at this time, but still pretty chunky nonetheless. The dollar index is chopping sideways, and is basically unchanged as of 3:42 a.m. EDT. And as I hit the send button on today’s column at 5:20 a.m. EDT, all four precious metals are still under pressure from the HFT crowd, with silver leading the way. At the moment it’s down more than 60 cents from its high earlier in the day in Hong Kong. Silver ran into the same 9 a.m. Hong Kong seller as gold did, but by 10:30 a.m. in New York, the price had struggle back to slightly above unchanged from Friday’s close, but once electronic trading began, it got sold down for a small loss on the day. Silver finished the Monday session at $21.64 spot, down 16 cents from Friday. Net volume was very decent at 46,500 contracts and, like gold, 15,000 of those contracts traded before the London open. That’s a lot of contracts in both metals for that time of day. Sponsor Advertisement The dollar index closed in New York on Friday at 80.44. It hit its low of the Monday session [80.29] minutes after 2 p.m. in Hong Kong, and then chopped back to basically unchanged into the close, as it finished at 80.45. Nothing to see here. Both platinum and palladium had mini spikes down at 9 a.m. Hong Kong time as well. Platinum rallied back until just before the London open before getting quietly sold down for the rest of the day. Palladium traded pretty flat until around 11:30 a.m. BST in London and then gold sold down a bit over ten bucks by 9:30 a.m. in New York. From there it recovered but, like the other three precious metals, it wasn’t allowed to close in positive territory, either. Here are the charts. See Dr. Ron Paul Up Close and Personal at the 2013 Casey Summit He’s never voted to raise taxes. He’s never taken a government-paid junket. And he’s never voted for an unbalanced budget. He’s Dr. Ron Paul, and he’s always led by example. During his 36 years in Congress, he tried to convince his colleagues to vote along with him against any measure that ran counter to the Constitution. Unfortunately, they seldom did. So now he’s taken his message to the streets… and to the 3 Days with Casey Summit which is being held October 4-6 in beautiful Tucson, Arizona. Dr. Paul will be the keynote speaker for this timely event—a rare opportunity for investors and freedom-lovers of all stripes to hear and see him live. Not only will he be speaking, he’ll be in attendance for the entire three days, giving attendees the chance to talk with him in small, intimate settings. That he’s staying for the entire Summit speaks volumes about how important it is. In fact, many of the Summit speakers intend to stay for the duration as well. On hand with Dr. Paul will be renowned contrarian investor Doug Casey, internationally known economist Dr. Lacy Hunt, The Crash Course author Chris Martenson, Mauldin Economics Chairman John Mauldin, and 21 other financial and investment experts. Seats are going fast for this event—and Casey Summits always sell out—so reserve yours now.
Harder to Get Ahead We are not sure how up to date the following figures are. But we doubt that they have changed much. From MarketWatch: Approximately 62% of Americans have no emergency savings for things such as a $1,000 emergency room visit or a $500 car repair, according to a new survey of 1,000 adults by personal finance website Bankrate.com. […] What’s more, only 39% of respondents reported having a “rainy day” fund adequate to cover three months of expenses, and only 48% of respondents said that they would completely cover a hypothetical emergency expense costing $400 without selling something or borrowing money. If you follow mainstream news media, you might believe that the “recovery continues on track.” Or that earnings are increasing. Or unemployment is falling. But keeping your eyes on these data points blinds you to what is really going on. People have always struggled to make ends meet. But as the money system changed…so did the typical family’s household finances: It got harder to get ahead. Yes, most people live better than they did in the 1970s. Technological and commercial progress has improved the quality of the things we live with. There are more choices in the supermarkets…in Walmart…and online. Today’s F-150 is better, in many ways, than the F-150 from 40 years ago. Houses are bigger and more comfortable. Air conditioning is more widespread. Communication channels and entertainment are better than ever. But though life is easier and more agreeable for most people, few people have more real money. They have more things. And more credit. But they are deeper in debt…more vulnerable to a downturn…and more dependent on the government and the credit industries. “Debt Makes Sense” Your editor recently took up the subject with a recruiting agency. “I place a lot of accountants and bookkeepers,” began the recruiter. “Naturally, their employers want a credit check. They want to know how you handle your finances. They also want to avoid people whose financial situation sends up flags. Desperate people are not ideal new hires for the accounting department. “The people we place earn $60,000 and up. Usually, husband and wife both work, and often they both have MBA or other advanced degrees, so you’re looking at some substantial incomes. The recruiter continued: “Usually, they have some student debt, auto debt, and mortgage debt. And they usually have a revolving line of credit, too. These are prudent, well-educated people we’re talking about. They use credit wisely, when they need to make a big-ticket purchase…or pay for private schooling. “What we look for is a clean report. No late payments. The level of debt doesn’t bother us. I mean, the banks wouldn’t lend if they thought there was a problem. “Besides, everybody uses debt now. It makes sense. With rates this low, it’s better to borrow than to use your own money. Debt is just a financial tool.” Is that all debt is? A handy tool? We don’t think so… More to come… Regards, Editor’s Note: Bankers are worried you have “too much cash.” Agora founder Bill Bonner recently had an eye-opening talk with local bankers. In today’s Weekend Edition, Bill tells us what happened when the bankers tried to persuade him borrow money… Bill originally wrote this essay on April 5, 2016, in Bill Bonner’s Diary. By Bill Bonner, editor, The Bill Bonner Letter In an extraordinary turn of events, last week we were contacted by our local bankers. Since we were turned down for a mortgage in 1982 (our business finances were thought to be “too shaky”), we have had little truck with them. We pay cash. They mind their own business. But for the first time we can recall, not just one but three suits came to visit. Personable and intelligent, they were worried when they saw how much cash we were keeping on hand. No kidding. They came to visit to propose ways we could “put it to use.” Too Much Cash? “You really should take some of that cash and invest it in municipal bonds” was the motion on the table. “What if the municipalities can’t pay?” we asked. “Don’t worry about that. Historically, the odds of default are extremely remote,” one of them answered. “But what if interest rates turn up? Wouldn’t the default rate go up?” “Well, maybe. But we keep the maturities short and invest only in the most creditworthy municipalities. The risk is very low.” “Oh…but what if we just need some cash.” “No problem. We’ll give you a line of credit.” “Let me get this straight. You’re proposing to put me into debt so that I can keep my money invested in somebody else’s debt?” “Uh…well…yes…and we’ll charge you less interest than you will earn from the municipal bonds.” “Wait. You can earn a fee for putting my money in bonds…and earn another fee for lending me money…and I still end up ahead?” “Yes. We just try to find ways to help clients with their financial needs.” “Oh.” Worse Off Little by little, day after day, year after year, we connect the dots. At first, it is difficult to make out what we’re looking at. But gradually, after much straining and guesswork, two things are becoming clearer and clearer…at least to us. First, nobody knows anything. Second, nobody has any real money. Yesterday, we mentioned our persistent puzzlement over the failure of the U.S. economy to make the typical working American richer after accounting for inflation. For all its conceits, swindles, booms, busts, hustles, patents, technologies, investments, PhDs, and central bank chicanery…there seems to be little to show for it. You can test that assertion easily. All wage and inflation numbers are a little fishy. So, let’s keep it simple. The basic transportation for a working man 40 years ago was the Ford F-150 pickup truck. In 1976, that truck, the SuperCab model, had a manufacturer’s suggested retail price (MSRP) of $4,600. That was when the average working stiff earned $9,300 a year. So, it took 25 weeks of work to pay for the truck. Today, the F-150 is still the preferred working man’s wheels. And today, it has a MSRP of $26,600—or 5.7 times as much. But the average person doesn’t earn 5.7 times as much. The median wage today is $43,600. So now, a prole earning the median wage has to work 30 weeks to pay for the truck. This man is not better off. He’s worse off. And he’s been made worse off by advanced American crony capitalism. And here are more dots…to be connected! What do we see…? Recommended Links Bill Bonner’s Private Meeting in Vancouver For years, Bill Bonner’s invested mostly in gold and real estate. But after a private meeting on a boat in Vancouver, he’s about to put seven-figures in an unexpected place. Details here. – — Rare chance to share a scotch with Doug (only 100 tickets)… We’ve got 100 free tickets for the Sprott Natural Resource Symposium this year, and you have the chance to claim one… Your ticket also gives you access to a VIP scotch reception, where you can share a whiskey with Doug. Click here to learn more… Bill Editor’s Note: If you haven’t heard, Bill Bonner is committing $5 million to Chris Mayer’s astonishingly successful investment strategy. Chris is one of the best stock pickers in the business. His picks have beaten the market by more than 3-to-1 over the past decade. Bill and Chris recently held a free investment training event to explain the secrets of this strategy. You can learn all about Chris’s investment strategy and invest in the same companies Bill Bonner’s family trust is investing in. Click here to watch this free video now.
— What Teeka Discovered at a Private Bitcoin Meeting in New York Will Shock You Recommended Link After a private meeting with some of the wealthiest investors in the world, Teeka’s making a major new Bitcoin prediction for 2018. Details here. Another was that everybody and their dog was talking about them. Because it had gone up 1,000% in the last year, they expected a repeat performance. It’s always that way in financial markets. Look, the last time I saw anything quite this goofy was during the internet bubble. Dozens of failed mining companies in Vancouver were turning themselves into internet companies. It was happening weekly, almost daily. That was the bell ringing at the top of the market for the internet companies. It was also the bottom of the market for the mining companies. So, I’m frankly trying to liquidate at this point. I really only want to own gold, silver, and other commodities to preserve capital. And mining stocks, as speculations. And more cash than I’m accustomed to. But that only leads us to another problem. The dollar itself is a hot potato. Justin: What do you mean? Doug: Keeping dollars in banks is very dangerous. The whole world is like Cyprus a few years ago. You don’t actually own anything in a bank or broker anymore—your assets are the unsecured liability of an institution that’s likely bankrupt. This is especially true if you have more than $250,000 in any given account, which the FDIC insures. But it’s bankrupt too, with assets that cover like a half percent of their liabilities. The problem is systemic risk, and it’s worldwide. It’s like Joe Louis said: you can run but you can’t hide. The only place you can hide today is gold and silver. That, and cheap real estate, if you can find it. Justin: Yeah, gold is doing quite well. Its price is up 12% since July. What do you attribute this to? Is it because investors are taking shelter? Is it due to the weak dollar? Or is it simply because we’re in the early innings of a new commodity bull market? Doug: Well, I think all the indications are aligning at this point. It’s been a rough bear market. As a group, commodities are 50% below their 2011 highs. It’s been a deep bear market as well as a long bear market. As a result, commodities have never been cheaper relative to financial assets like stocks and bonds. It’s a great time to be in commodities. And gold is the foremost commodity. It’s historically been used as money. And it will continue to be used as money because none of these governments should, or do, trust each other. Or each other’s phony paper fiat currencies. There could be a buying panic in gold and it could go much higher. We’re in a new bull market for gold at this point, but nobody cares. Or even knows that’s true. The same is true for silver. Although, silver is primarily an industrial commodity. It’s the poor man’s gold for many reasons. Silicon Valley Rocket Scientist’s February 27th Prediction Could Lead to 35,000% Growth Jeff Brown is a real-life rocket scientist and one of the most tuned-in angel investors in Silicon Valley. Not only has Jeff been an executive for companies like Qualcomm and NXP Semiconductors, but he’s also completed 89 private deals. Right now, he’s predicting that a new biotech breakthrough could skyrocket this market niche 35,000%… All because of a little-known FDA anomaly happening around February 27. Click here to see him lay out his bold prediction in full detail. — Recommended Link Justin’s note: Volatility has come storming back. Just look at the CBOE Volatility Index (VIX), which measures how volatile investors expect the market to be over the next 30 days. It’s up 89% since the start of the year. Last week, it hit the highest level since 2016. Investors aren’t used to this. After all, last year was the least volatile year ever for U.S. stocks. That lulled many investors to sleep. It led them to take risks they would normally never take. Now, those same people are wondering what to do. They aren’t sure if this is just a run-of-the-mill pullback…or the start of something much worse. To help answer this question, I called up Doug Casey. I knew he would have an interesting take on this matter… Justin: Doug, U.S. stocks took a beating recently. Where do you see things going from here? Doug: Well, I hate to make a firm prediction of timing. The fact that things have held together, against all odds, since 2009, has underlined the old saying about just because something is inevitable doesn’t mean it’s imminent. Predictions of disaster, and all these things unwinding, have been wrong over the last half a decade. And the smart bet is always for muddling through, in the direction of progress. But it seems that we’ve finally reached a peak, a major turning point. Justin: So, what have you done to protect your wealth? Doug: At the beginning of the year, I took all my original capital out of cryptos, plus 150% profits. I also took profits on crypto stocks. I got in late, and out a bit late. But it was a happy experience. They were bubbly. Every company that could possibly do so has gotten into this game. Now XYZ ice cream company is XYZ blockchain company. That was one tipoff. Justin: How much higher could gold head? Doug: Well, these things usually move in a hyperbolic curve. They start out slowly. Then, they accelerate. Same type of thing we saw with cryptocurrencies. I think gold will do the same, although not to the same extent. My prediction by the end of this year is that gold will hit $2,000. In 2019, $3,000. In 2020, $4,000. By the time this bull market peaks, gold could reach $10,000. But I hate to say things like that…because it sounds so outrageous. But look at the number of dollars in existence ($3.635 trillion in the M-1 money). Divide that by the 260 million ounces of gold the U.S. Government is supposed to own, and you get a gold price of $13,982/ounce. Look at the number of dollars that are outside the U.S.—$10 trillion, $20 trillion, who knows?—and that liability is growing by $50 billion annually with the balance of trade deficit. At $1,300 per ounce, the U.S. gold holdings can’t even cover a year’s deficit. And consider the fact that at some point those dollars will need to be redeemed by something if they’re going to retain any value. The price of gold—if gold is going to be fixed to the dollar again, at least for the purpose of trading with foreigners, with foreign governments—is going to have to be much higher than it is today. Of course, I don’t think the dollar should exist, nor should the U.S. government even be in the money business; it just confuses the issue. Money is a medium of exchange and a store of value—it shouldn’t also be a political football, and a means for the State to finance itself. Gold itself should be used as money. Remember that the dollar—like the franc, the pound, the mark, and what-have-you—were just names for a specific quantity of gold. So a six-to-one shot from here is not at all unreasonable over the next several years. And that would mean very good things for gold stocks. Justin: So, it’s safe to assume you’re buying gold stocks? Doug: Resource companies are essentially the only stocks that I’m buying right now. And that’s because nobody’s interested in them. They’re very cheap. Of course mining itself is a crappy business. You can’t invest in it, only speculate. But it’s a great speculation now. I probably do, on average, a private placement a week in mining stocks, which is quite a lot. The only thing I’m afraid of is having too many stocks. You can’t effectively monitor more than 15 or 20 stocks. And then you lose track of them. You can’t keep up. You forgot why you bought them. Unless I really like the stock and I’m planning on following it in particular, I sell the basic stock after the four-month hold period and keep the warrants in case I get lucky. Justin: What else are you buying right now? Doug: Well, I buy gold coins whenever the opportunity presents itself. I try to be disciplined about that. I just put them away and forget they exist. Unlike gold stocks, you can do that with gold coins. I think it’s wiser to buy small gold coins, of a quarter-ounce or less, as opposed to the one-ounce-size coins that are so popular today. Paying the premium is worth it. Incidentally, I also prefer to buy semi-numismatic coins, like British sovereigns, French Louis d’or, Danish crowns, and the like, as opposed to the currently minted ones. I treat gold, physical gold, as a savings medium, an insurance medium. To speculate, I buy small mining exploration issues. Because they’re so cheap. But if we have a 1929-style credit collapse, however, I’m sure most of them are going to get washed away. But the odds are much better that the dollar’s going to lose value at an increasing rate over the next few years. Because we have Keynesian academics at the helm of the financial world. People with no experience in the real world. They shouldn’t even be allowed to teach a freshman class in economics. Some of them should be, and quite possibly will be, hung by their heels from a lamppost when things come unglued. The world economy is going to wind up crashed on the rocks. It’s going to be very ugly. And soon. Justin’s note: Each month, Doug shares his unique insights in The Casey Report, our flagship publication. And beyond Doug’s timeless political and market commentary, you’ll get stock recommendations designed to help build your wealth—even in today’s uncertain market environment. To learn more about a subscription to The Casey Report, click here.
Recommended Link I can think of at least 25 more reasons to own gold right now as well… But you get the picture.These investors haven’t said why they’re buying gold. But we know they are buying… And you only buy something for one reason: You think it will go up in value.The reason we follow the world’s most successful investors is because we don’t have to do all the research ourselves. They spend tens of millions of dollars on research every year. We can profit just by following them.They have hundreds of other investments they could make. Yet they chose to allocate a good portion of their portfolios to gold.I’m not going to bet against any one of these guys—let alone all three.Let’s piggyback off their multimillion-dollar research budgets and own some gold. The easiest way to add gold exposure to your portfolio is through GLD.Regards,Nick Rokke, CFA Analyst, The Palm Beach DailyP.S. We’re excited to announce that former hedge fund manager and world-renowned cryptocurrency expert Teeka Tiwari has found PBRG’s first “Whale Hunter.”Teeka’s new contact is a former top Wall Street trader. He worked for one of the world’s top investment banks, where he figured out how to hunt these billionaire whale traders… and he created a system to profit by tracking them.Last night, we revealed the identity of the Whale Hunter for the first time. Over 10,000 people tuned in to see exactly how his system works. And today only, you can watch a full replay video that shows you the entire story right here.Reader MailbagToday, more high praise for Doug Casey and his new book, Totally Incorrect Volume 2:I have read and reread Totally Incorrect, and kudos from a mind based in reality, not emotion.Doug Casey is as kind as he can be in the face of extreme stupidity of individuals and institutions. Refreshing to find a similar mind that is fact, based in reality instead of some dream world. Keep leading the horse to water, we know it will not drink until it is dying of thirst, and may by then forget how to drink… all this unfocused attention is just hilarious, and the failure to learn at least some history is the blight of current education. Doug, you rock! —DonHave you claimed your free copy of Doug’s book yet? It’s packed with Doug’s no-filtered insights on today’s most controversial topics.It’s also a vital guide to surviving the changes happening in America today… as well as a road map for where they’ll take us. Click here to learn how you can get your hands on it.And as always, if you have any questions or suggestions for the Dispatch, send them to us right here.In Case You Missed It…It’s called the “100-to-1 Project”…In this exclusive interview, you can get all the details surrounding a little-known stock that could be on the verge of a historic breakout. In the past, similar stocks have shown investors 96,900%, 196,500% and 787,400% gains. Click here to learn more. Urgent – You only have until midnight to claim all of this: 75% savings… a FREE year of service… plus the unprecedented $250,000 ChallengeLast night’s $250,000 Challenge broadcast was a success: thousands of people tuned in to see the launch of our newest service, Palm Beach Trader. We posted a full replay video that shows you the full story right here. But you only have until midnight to save 75%… and get a completely free year… AND take us up on that $250,000 Challenge…so click here now. Seth Klarman. He’s the author of Margin of Safety, a book packed with such good information that people pay thousands of dollars for it (if you can even find a copy). No one is better at spotting value than he is. John Paulson. He knows a thing or two about spotting a crisis. He made his investors $15 billion as the subprime housing crisis unfolded in 2008–2009. And if another crisis comes, he’ll make a lot more money with his current positioning. This is a rare opportunity. You almost never see this many top investors get so interested in gold at the same time.Paulson has 11% of his fund invested in SPDR Gold Shares (GLD), which tracks the price of gold. He has about another 8% of his fund in gold mining companies.Dalio’s fund now holds 7% of its assets in gold and other mining stocks. That’s up from 2% during this time last year.Klarman has the smallest portion of his portfolio in gold and gold miners. But he’s actively adding to his gold holdings.Why Gold Could SoarRegular readers know that we consider gold a chaos hedge. We like chaos hedges as an asset class because we view them as insurance against disaster.They don’t always produce income or increase in value, but chaos hedges provide us the benefit of “sleep-at-night” protection.Right now, there are plenty of reasons why gold could soar: The powder keg that is the Middle East could explode. Ray Dalio. He’s the founder of the world’s largest hedge fund, Bridgewater Associates. The fund has made $50 billion for its investors—more money than any other hedge fund. When these three whales all get excited about a certain investment, we should dig into it. And in this case, they’re buying gold. Is Trump’s New Executive Order Warning Us To Prepare For June 21? Donald Trump recently signed an executive order adding this white metal to the official “U.S. Critical Minerals Directory.” This labels the metal as “critical for national economy and security.” Why did Trump make this move now? According to the man who predicted Trump’s election and one of his first executive orders… It’s to prepare for June 21 – when this historic event could spike the price of this white metal 10x as its global supply is pushed to critical lows. Get all the details by clicking here. Justin’s note: This week over at The Palm Beach Daily, my colleague Nick Rokke has been writing about one of the simplest and most effective trading strategies that you can start using today. It’s a way to follow the world’s top investors into the money.And recently, he discovered that three of them are buying one of our core recommendations here at Casey Research… By Nick Rokke, analyst, The Palm Beach DailyToday, we’re going whale hunting…In the sports world, a “whale” is a superstar player who’s entering free agency. Teams hunt these valuable whales because they can change a franchise’s fortune.Think of Michael Jordan in basketball, Peyton Manning in football, and Alex Rodriguez in baseball.You can ride these whales to championships and glory.The investing world has its own whales, too.Now, we can’t sign them as free agents… But we can do the next best thing—follow them into the money.As I showed you on Tuesday, one way to outperform the market is by following the best investors in the world. All you have to do is look inside their portfolios.Today, we’re following three of the world’s biggest fund managers into one of our favorite chaos hedges…I’ll show you what they’re buying in a second, but first let’s take a look at how this strategy works… Recommended Link The U.S. is printing more money and issuing more debt than ever. Inflation is on the rise. How to Get a Sneak PeekThere’s a simple way for the average guy to piggyback on the returns of the world’s top investors without hiring them…All funds that have more than $100 million under management need to file a quarterly report with the U.S. Securities and Exchange Commission (SEC).The SEC calls it a 13F filing. It requires large funds to disclose the stocks they own 45 days after every calendar quarter.These reports are public record. So you can look at them yourself. (If you want to read through the 13F filings yourself, check out WhaleWisdom.)Here’s what they’re showing for three of the world’s best investors…Three Wise MenWhen one whale buys a position, that’s interesting. But when three of them buy the same position at the same time, it’s head-turning.The three titans I’m talking about are: The trade war could upset the world markets… and lead to a real war with China. — —
Reporting by WVUA 23 Reporter Olivia DanceMORE INFORMATION:The National Weather ServiceWVUA 23 Weather BlogThe Weather Channel: Safest Places to Wait Out A Tornado With all the severe weather visiting Tuscaloosa this week, it is important for the community to be aware of where they can seek shelter.Knowing where the storm shelters are is very important to help keep residents safe during severe weather. TuscaloosaCountyEMA.org has a full list and map of the tornado shelters in the area.“All of the shelters in Tuscaloosa County are open to the public, which means that anybody can go there, you don’t have to live in that community, you don’t have to live next door to the shelter,” Dianna Dollar, deputy director of the Tuscaloosa County EMA, said. “If you’re close by or if you’re far away, the shelter is open for you.”The University of Alabama campus has three storm shelters, which include the North and East Campus Storm Shelter and the Magnolia Parking Deck.There is also a new storm shelter in the basement of the new John H. England Jr. Residence Hall on campus.“We do recommend that you kind of pay attention to the weather and go ahead and get to your shelter early,” Dollar said. “Don’t wait until a warning is issued and then have to get in your car and drive 10 or 15 minutes to a shelter. That’s not the safe thing to do.”The Carroll’s Creek Fire Department and Magnolia Parking Deck shelters are pet-friendly, but they do have rules regarding animals, so we recommend checking their regulations beforehand.If you are not at home and cannot get to a shelter, it is important to know where in your house is the safest place.“The best place you can seek shelter is to go into a small enclosed room in the lowest floor of your house and the closest to the center as you can get, so a hallway, a bathroom, a closet,” Dollar said. “These are all very good options if they are in the middle of your house. You want to put as many walls between you and the outside as possible.”We also recommend that you cover your head to protect it from any possible flying debris. Tuscaloosa Emergency Management also recommends that people get a storm alert or their TuscAlert system so that if storms occur during the night, residents can still be weather aware. Many meteorologists suggest to never solely rely on outdoor sirens, as residents cannot confidently count on the sirens to wake them up.
EAST RUTHERFORD, N.J. — Rex Ryan is simply out of answers.Going back to the ground-and-pound approach on offense that was so successful in Ryan’s first few years as coach, the New York Jets kept running the ball and gaining yards in chunks against the Miami Dolphins.It still wasn’t enough in a 16-13 loss on Dec. 1. “I feel sick,” Ryan said. “Our guys just played great, for the most part, in a lot of areas. Dang. We can’t buy a win.”Caleb Sturgis’ third field goal, from 26 yards with 1:57 remaining, gave Miami (7-5) a comeback victory — even after New York (2-10) rushed for 277 yards on 49 carries.“This one,” center Nick Mangold said, “stings for multiple reasons.”It was key errors in the second half, primarily on special teams, that sent the Jets to yet another loss in a brutal season that could prove to be Ryan’s last as coach in New York.“I can’t believe we’re 2-10,” a sighing Ryan said. “It’s a joke.”The Dolphins remained a factor in the AFC wild-card race thanks to rookie Jarvis Landry’s eight receptions, Lamar Miller’s 4-yard TD run early in the fourth quarter and plenty of defense when the Jets needed Geno Smith to pass.New York threw only 13 times, fewest in the NFL this season, and gained 49 yards. The usually reliable Nick Folk missed two field goals.“It’s easy to sit back and say we didn’t throw the ball this much now, but we wanted to run the football against them,” Ryan said. “That gave us the best opportunity to win the game, both on offense and defense. We needed to keep that team off the field a little bit.”Smith threw for 65 yards on his seven completions, but also was sacked twice for minus-16 yards. “It has zero to do with us not having faith in our quarterback,” Ryan said.Smith’s final throw of the night was an interception that went off Jeff Cumberland’s hands as Reshad Jones picked it off to seal the win for the Dolphins with 34 seconds left.“I’ve got to make those plays,” Smith said. “I can’t tell you how hard it is for us to fall short after all we sacrifice every single week. You know, the effort and time spent by every man in that locker room and to fall short every single week, it’s gutwrenching, man.“I can’t tell you how heartbroken I am,” he said.The Jets turned back to Smith as their starting quarterback after Michael Vick was under center the last three games. Smith, who came in with seven touchdowns and 10 interceptions, was picked off on three straight possessions in his last start, against the Bills on Oct. 26, before being replaced by Vick.New York introduced the offense before the game — but didn’t announce Smith’s name. Smith said it was his decision not to come out with the rest of the starters, not because he was worried about a rude reception from the fans.“I just wanted to run out with the team,” Smith said. “I wanted to run out with the guys.”The Jets’ problems with penalties on special teams hurt them all night — and a holding call against Saalim Hakim set up the Dolphins at New York’s 39 on the tying drive. On the winning possession, backup tight end Dion Sims had catches of 18 and 17 yards. Ryan Quigley had a punt blocked for the second straight game.“Scratch, claw, bite, kick, whatever you have to do make a play and win,” Dolphins defensive end Cameron Wake said.All of that offset a season high on the ground as Chris Johnson had his best performance for the Jets with 105 yards.After trailing most of the way, Miami tied it on Miller’s run with 10:24 remaining. That brought the loudest cheers of the night; thousands of Dolphins fans at MetLife Stadium braved the wet, windy conditions.Jets wide receiver Greg Salas got the home fans excited early by scoring on a 20-yard end-around reverse for his first career touchdown.As New York kept grinding away on the ground — it had 210 yards rushing in the opening half — it also ate up the clock. But Folk missed from 48 yards and Miami took advantage on Sturgis’ 43-yard field goal to end the half.Sturgis added his 44-yarder to start the second half, and Folk followed with a 45-yarder that bounced off the crossbar and through, making it 13-6.“Everybody in there’s hurting,” Ryan said. “They’re hurting for each other, hurting for our fans. We’d do anything for a win.”(DENNIS WASZAK Jr.)TweetPinShare0 Shares
ROSTOV-ON-DON, Russia (AP) — Jan Vertonghen started Belgium’s comeback with a wild, looping header and Nacer Chadli capped it by finishing off a 10-second, end-to-end attack in the final moments.It added up to a 3-2 victory over Japan on Monday that gave the Belgians a spot in the World Cup quarterfinals for the second straight tournament.Trailing 2-0, Vertonghen scored with a header in the 69th minute that appeared to be a cross but somehow dropped in under the bar. Substitute Marouane Fellaini headed in another from Eden Hazard’s cross in the 74th.Chadli, who came on as a substitute in the 65th, decided it with virtually the last kick of the game in the fourth minute of injury time.Belgium goalkeeper Thibault Courtois grabbed a corner kick and rolled the ball to Kevin De Bruyne, who dribbled to the top of the center circle and passed to Thomas Meunier on the right. Meunier one-timed the ball across the area and Romelu Lukaku let it roll by for Chadli to tap in with his left foot from 7 yards.Belgium is the first team to overturn a two-goal deficit in a World Cup knockout match since West Germany beat England in extra time at the 1970 tournament. The last team do it in regulation was when Portugal beat North Korea in the 1966 quarterfinals.Japan’s Gen Shoji looks down during the round of 16 match between Belgium and Japan at the 2018 soccer World Cup in the Rostov Arena, in Rostov-on-Don, Russia, Monday, July 2, 2018. Belgium won 3-2. (AP Photo/Natacha Pisarenko)“It’s a test of character. It’s a test of the team,” Belgium coach Roberto Martinez said. “You have to see how the substitutes react, how the whole team reacts.”Belgium will next face five-time champion Brazil in the quarterfinals on Friday in Kazan.Japan led through early second-half goals by Genki Haraguchi and Takashi Inui, but they couldn’t hold on.“When we were up 2-0, I really wanted to score another goal and we did have opportunities,” Japan coach Akira Nishino said. “We were to some extent controlling the game, but Belgium upped their game when they had to.”What was expected to be a mismatch ended up being a classic, partly because of Martinez’s decisions to send on Fellaini and Chadli as substitutes in the 65th minute.“In football, sometimes you want to be perfect,” Martinez said. “In the World Cup and especially in the knockout stage, it’s about getting through.”Belgium, which narrowly avoided joining Germany, Argentina, Spain and Portugal as big-name eliminations, won all three of its group matches and scored a tournament-leading nine goals at that stage.Japan narrowly scraped through, advancing ahead of Senegal because it had fewer yellow cards.The Japanese have now lost in the round of 16 three times without ever reaching the quarterfinals.“It wasn’t the players,” Nishino said. “Maybe it was me who lost control of the game.”Belgium’s Marouane Fellaini celebrates after scoring his side’s second goal during the round of 16 match between Belgium and Japan at the 2018 soccer World Cup in the Rostov Arena, in Rostov-on-Don, Russia, Monday, July 2, 2018. (AP Photo/Natacha Pisarenko)SAVESWith the score even, Japan goalkeeper Eiji Kawashima dived backward to tip an 85th-minute header from Lukaku over the bar. Courtois then prevented an own-goal from midfielder Axel Witsel in the 90th and later palmed away Japan substitute Keisuke Honda’s long-range free kick.QUOTABLE“When you play against Brazil you have to accept that they are the best team in the competition. Coutinho, Neymar (are) players who can decide the game in one second,” Martinez said, looking ahead to the quarterfinals. “Against Brazil, I think we can enjoy it from the first minute. When you’re a little boy, you dream of facing Brazil in the World Cup.”UNBEATEN RUNBelgium extended its unbeaten run to 22 games.The Red Devils have not been beaten since a 2-0 loss to Spain in a friendly in September 2016. The last in a competitive match was in the game before that: a 3-1 loss to Wales in the quarterfinals of the 2016 European Championship.Belgium has scored 74 goals during its unbeaten run, netting in every game except a 0-0 draw against European champion Portugal in a friendly last month.EMOTIONAL ENDFour Japanese players fell on their knees in despair after the final whistle. Hiroki Sakai and Gen Shoji were in tears.___This story has been corrected to show that player’s surname is Chadli, not Chaldi.—By JEROME PUGMIRE , AP Sports WriterBelgium’s Nacer Chadli, left, celebrates with teammates after scoring his third side’s goal during the round of 16 match between Belgium and Japan at the 2018 soccer World Cup in the Rostov Arena, in Rostov-on-Don, Russia, Monday, July 2, 2018. (AP Photo/Rebecca Blackwell)elgium’s Nacer Chadli, center, scores his third side goal during the round of 16 match between Belgium and Japan at the 2018 soccer World Cup in the Rostov Arena, in Rostov-on-Don, Russia, Monday, July 2, 2018. (AP Photo/Hassan Ammar)Belgium’s Marouane Fellaini scores his side’s second goal with his head during the round of 16 match between Belgium and Japan at the 2018 soccer World Cup in the Rostov Arena, in Rostov-on-Don, Russia, Monday, July 2, 2018. (AP Photo/Petr David Josek)TweetPinShare0 Shares
GOLD COAST, Australia (AP) — Qualifying for the inaugural Olympic surfing competition began Wednesday with a World Surf League event which also featured equal prize money for male and female board riders.Poor surf conditions at the regular Snapper Rocks venue on the Gold Coast meant officials moved the first day of competition around the point to nearby Duranbah.The Quiksilver Pro and Boost Mobile Pro are the first elite events where men and women will receive equal prize money.Seven-time world champion Stephanie Gilmore leads the women’s field while defending Gold Coast champion and fellow Australian Julian Wilson features in a strong men’s field that included American great and 11-time world champion Kelly Slater and reigning series champion Gabriel Medina.For surfers like Gilmore, who can earn a spot at the Tokyo Olympics by finishing in the top eight at the end of the WSL season, 2019 presents some unique opportunities for pay parity and Olympic inclusion.“I’ve never been driven by money to win, but I’ve come to understand the sport has a real power to speak to people on a whole other level,” Gilmore said ahead of the season-opening event at her local break. “To set standards and send messages in society that not many other industries have … it just seemed like such a milestone year and it made me fall back in love with being the world champion and reminding me why I do this.”FILE – In this March 10, 2010, file photo, Australian surfer Stephanie Gilmore smiles as she holds her trophy after winning the World Action Sportsperson of the Year category at the Laureus Awards in Abu Dhabi, United Arab Emirates. Qualifying for the inaugural Olympic surfing competition has begun at Australia’s Gold Coast with a World Surf League event where seven-time world champion Gilmore leads the women’s field while defending Gold Coast champion and fellow Australian Julian Wilson features in a strong men’s field that included American great and 11-time world champion Kelly Slater and reigning series champion Gabriel Medina. (AP Photo/Nousha Salimi, File)Becoming an Olympian would be an added bonus.“I always loved the idea of going to the Olympics (but) never thought I’d get the chance,” she said.In men’s first-round heats Wednesday, Wilson and Slater finished last in their respective three-man heats, forcing both into elimination heats in the second round. Medina advanced directly to the third round with a win in his opening heat, and producing the highest-scoring wave of the day. Under the new men’s format, first- and second-place finishers in the opening heats go directly to the third round. Third place goes into a second round, where the last surfer in each heat is eliminated. From the third-round onward, it’s single elimination head-to-head competition.Slater, coming off an injury-shortened 2018 because of a broken right foot, said he doesn’t feel a 12th world title is out of the question for him.“I was really burned out when I got injured last year, so it was sort of a good time to recharge,” Slater said. “I know where the level’s at … I don’t think that it’s unattainable.”The Olympic event in Tokyo next year will be held at Shidashita Beach, otherwise known Shida, which is about 60 kilometers (40 miles) outside the Japanese capital in the Chiba prefecture.The Olympic fields will feature 20 men and 20 women. It is possible that if surfing is extended to the Paris Games in 2024 or Los Angeles in 2028, categories of longboarding, body-boarding or stand-up paddleboards (SUP) could be added.The top 10-ranked men and eight highest-ranked women on the 2019 WSL tour will be among those qualifying for the Tokyo Games. Slater, who would be 48 when the Tokyo Games are held, has said he hopes to represent the United States.TweetPinShare0 Shares
Climate change, vanishing ice and erratic rain patterns are causing the wetlands in two Andean communities to shrink — and that’s a big problem for the communities of Miraflores and Canchayllo. The villagers depend on the puna, a set of alpine ecosystems above 13,000 feet that include grasslands and wetlands to graze sheep, cows, alpacas, llamas and vicuñas — animals that provide them with their livelihoods.Instead of looking for modern solutions to improve access to water, the villagers turned to an old one: centuries-old hydraulic systems that dot the Nor Yauyos Cochas Landscape Reserve, a state-protected natural area seven hours east of Lima. These ancient systems have been used to help irrigate the reserve’s pastures and provide nutrient-rich soil for hundreds of years.So in 2013, the communities teamed up with scientists from U.S. nonprofit The Mountain Institute (TMI) and reserve authorities to devise plans to revive their historic waterways, including canals, lakes and reservoirs. In addition to providing water, the project also would help mitigate the effects of climate change on the landscape, which has been degraded by grazing, melting glaciers and erratic rainfall.These efforts have earned the project international recognition, including an award in the Water Impact category in the Solution Search: Farming for Biodiversity contest in December 2017, organized by the International Climate Initiative. And this spring it won the St Andrews Prize for the Environment, sponsored by the University of St Andrews in Scotland and ConocoPhillips.Andean communities — often marginalized and impoverished — are struggling to adapt to climate change, says Bryan Mark, a glaciologist with Ohio State University. Since the 1970s, Peru has lost more than 40 percent of its ice surfaces, a critical water source for the capital city of Lima and the rest of the semi-arid coast. This loss caused the wetlands to shrink, leading herders to overgraze what pastures were left. Some villagers are diversifying their livelihood with activities in fields such as tourism, while others have moved to nearby towns and cities.The traditional practices that created and maintained the wetlands were disappearing, says Fernando Quiroz, the biologist in charge of the Nor Yauyos Cochas Landscape Reserve. “People have been here since pre-Incan times and they have always rotated grazing areas and organized traditional festivities to clean up ditches.” If the ditches are not cleaned regularly, they tend to clog.The ancient water systems the villagers wanted to revive once kept the wetlands verdant in the puna, an otherwise dry region sometimes described as an Andean tundra. When these systems functioned they created bofedales, prairies engineered by ancient Peruvians to retain meltwater and rainfall. In the Miraflores community, a pre-Hispanic reservoir lay empty and abandoned. Its sloped walls, made of big rocks, were still standing, but the channel that fed from it was damaged and almost invisible. In Canchayllo, ancient walls and canals draining from a natural lagoon stood dead and dry, abandoned.Enlisted by TMI, Álex Herrera, an archaeologist from the Universidad de los Andes in Bogotá, Colombia, explored the area using Google Earth in 2013. He confirmed the presence of ancestral water-management systems. The rock constructions he saw from above were at least 1,200 years old. To Herrera, the existence of wetlands created by the old irrigation systems suggested that water and sediments intentionally were harvested for herding. Herding requires grass, and water makes it grow. Sediment slows down water and makes soil humid longer, meaning better grass and more food for animals.The irrigation systems work by slowing the draining of rainfall and glacial meltwater high in the Andes, acting as a giant colander collecting clay, sandy silt and other soils that promote the growth of flora that alpacas and llamas like to eat, Herrera says.Restoring these hydraulic systems took two years — from 2013 to 2015 — and the participation of the community, the government and scientists from La Molina National Agrarian University. Funding and support came from local authorities, The Mountain Institute, the United Nations Development Programme and the German Ministry for the Environment through the U.N.’s Environment Programme. In some cases, restoration meant cleaning and rehabilitating abandoned wells and canals so they would collect rainfall. In others, the solution was a hybrid: installing PVC pipes alongside the ancient stone system that would carry rainwater to pasture lands.Earlier this year, one of the formerly abandoned canals reportedly carried almost six gallons of water per second during the dry season, which has reduced the impact of grazing livestock on the land and improved the quality of forage. Herders, previously forced to feed their animals in a dwindling ecosystem, now have larger areas available to rotate the grazing of their animals.Once the hydraulic system was restored in the village of Canchayllo and water was released in an area of 800 hectares, in 2016, the flow found its way through old veins naturally carved in the soil where water had once streamed, says anthropologist Jorge Recharte, director of TMI’s Andes program.”You have water filtration and water holes appearing in lower altitudes, not too far away,” Recharte says. “Wetlands reemerged in some areas and these are very important when your animals have offspring during the dry season, because the mothers will have green grass and water for their kin.” Rainfall moves slowly down the soil, grasslands retain more moisture and aquifers and springs in lower altitudes are replenished.Recharte says improved water access in communities such as Miraflores and Canchayllo has a wider impact: “Our hypothesis is that if the punas are well managed and rotated, water will be retained better and filtered better, and springs in lower altitudes will not dry up.”Experts concur that reviving this infrastructure requires maintenance work and effort, and hope that short-term results such as improved pastures will motivate villagers to continue doing so. In the case of abandoned or dry canals, Mark, the Ohio State glaciologist, thinks it’s worthwhile to consider interventions such as extending the canals to active springs or setting up new, smaller reservoirs to feed them.The Peruvian government has recognized the importance of irrigation for agricultural development, launching “Sierra Azul,” a fund of $123 million for projects that include, among other strategies, water harvesting and the revival of ancient hydraulic technologies. This public fund is good news for communities who already are working to improve water management strategies.Around 300 families, or about 1,200 people, in the Nor Yauyos Cocha Landscape Reserve have directly benefited, according to the Mountain Institute. Quiroz, the reserve biologist, hopes the message will reach beyond the Andes.”Sometimes city folk do not understand where they are getting their water and resources,” he said. The work to preserve these resources “is positive for everybody.” Elda L. Cantú is a reporter and a professor of international politics at ESAN University. She writes and reports for Radio Ambulante and has recently moved from Lima, Peru, to Mexico City, where she has joined the staff at the New York Times en Español. Copyright 2019 NPR. To see more, visit https://www.npr.org.