Tag: 南京夜生活

Football AJ Alexanders career is over

Johnnie Dixon (1) is lifted into the air by A.J. Alexander (88) after Dixon’s touchdown during the second half of the Buckeyes game against Rutgers on Oct. 1. The Buckeyes won 58-0. Credit: Mason Swires | Assistant Photo EditorRedshirt sophomore tight end A.J. Alexander’s playing career at Ohio State has come to an end after missing the entire 2017 season due to a knee injury, the university announced Tuesday.Alexander will be placed on a medical scholarship, according to a team release. This means that while he will no longer be on the team, he will still retain a scholarship after having his athletic career end due to an injury.It was revealed Alexander would miss the entire campaign due to season-ending knee surgery in June 2017. He played in all 13 games in 2016 and had four catches for 27 yards.He was expected to take on a bigger role in the 2018 season, following the departure of redshirt senior tight end Marcus Baugh. Ohio State will now need to find its starting tight end next season between redshirt freshmen Luke Farrell and Jake Hausmann, redshirt sophomore Rashod Berry, as well as incoming four-star recruit Jeremy Ruckert. Kierre Hawkins, another redshirt freshman tight end, transferred out of the program. read more

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Rep Barrett plan allows young victims to utilize courtroom support dogs

first_img Categories: Barrett News 17Apr Rep. Barrett plan allows young victims to utilize courtroom support dogs State Rep. Tom Barrett, right, discusses his legislation with Eaton County Prosecutor Doug Lloyd, center, and investigator Bryan Seratt, while Reagan, the Eaton County canine advocate, waits nearby.State Rep. Tom Barrett was joined today by Reagan, Eaton County’s canine advocate, while speaking before the House Judiciary Committee in support of his plan to help young and vulnerable victims who testify in court.Barrett’s bill allows courtroom support dogs to sit at the feet of certain victims while they take the stand to testify in sex abuse, child abuse and other cases involving serious crimes.“The criminal justice system is intimidating and scary for young victims, especially when they have to take the stand against someone who has hurt them,” Barrett said. “Courtroom support dogs help keep kids calm and give them the emotional strength to relive the traumatic details.”Canine advocates are currently utilized in 28 prosecutor’s offices throughout Michigan, including Eaton County.While current practice and a recent Michigan Court of Appeals ruling allow the support dogs to be present during jury trials, Michigan law only technically provides for a “support person.”Barrett said the plan laid out in House Bill 5645 establishes regulations that allow support dogs to be present in court without jeopardizing the rights of the accused. For example, it provides a clear definition for what qualifies as a courtroom support dog.“We’re not talking about amateur dogs taken off the street,” Barrett said. “It will be dogs that are well-trained for the type of work they’re expected to perform who won’t cause a disturbance in the courtroom.”Eaton County Prosecutor Doug Lloyd testified in support of the bill, saying Reagan has helped more than 270 victims in Eaton County.“Reagan’s sole job is to be there for the victim,” Lloyd said. “Reagan sits there with the victim during meetings. He will go into court, sit there, and most of the time do nothing. But, amazingly, he feels the energy the individual is giving out when they get stressed. Reagan’s way to handle that is to put his head on their knee or to touch them on their foot, allowing the victim to know that ‘it’s OK.’”The legislation remains under consideration by the House Judiciary Committee.###last_img read more

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Ill put my marker down here and say that a major

first_imgI’ll put my marker down here and say that a major bottom in gold and silver was set The gold price got sold down to a new low around 9:30 a.m. in Hong Kong trading on their Friday morning. From there, the price jumped ten bucks to just over $1,390 spot…and stayed very range bound above that price for the rest of Friday trading everywhere on Planet Earth yesterday. Of course, every attempt to break above the $1,300 spot price mark got sold off.  The New York high tick was recorded by Kitco at $1,300.20 spot. Gold closed at $1,298.60 spot…up $20.80 on the day.  Gross volume was pretty chunky at 205,000 contracts, as the 25% increase in gold margins had their intended effect. (Click on image to enlarge) I thank Nick for this particular chart, because I know that he’s taking the weekend off to celebrate his father’s 100th birthday…but he got this one done for us. The CME’s Daily Delivery Report showed that 12 gold and 8 silver contracts were posted for delivery within the Comex-approved depositories on Tuesday. Another day, another withdrawal from GLD.  This time it was 173,966 troy ounces.  And as of 10:44 p.m. EDT yesterday evening, there were no reported withdrawals from SLV. The U.S. Mint had another sales report yesterday.  They sold 9,000 ounces of gold eagles…2,000 one-ounce 24K gold buffaloes…and 600,000 silver eagles.  Month-to-date the mint has sold 42,000 ounces of gold eagles…10,000 one-ounce 24K gold buffaloes…and 2,428,000 silver eagles.  Based on these sales figures, the silver/gold sales ratio currently sits at just under 47 to 1. Over at the Comex-approved depositories on Thursday, they reported receiving 5,247 troy ounces of silver…and shipped out 339,724 ounce of the stuff.  The link to that activity is here. In gold, these same depositories received 3,199 troy ounces…and shipped out 32,081 troy ounces.  The link to that activity is here. It was another busy day at the store on Friday…and like it has always been, silver sales were great, but gold sales were astonishing once again. Well, my guess that there wouldn’t be much in yesterday’s Commitment of Traders Report turned out to be only half right.  There were no changes worth noting in silver…but gold was a horse of a different colour. In gold, the Commercial net short position declined by a very chunky 14,207 contracts, or 1.42 million ounces.  The Commercial net short position is now down to only 4.41 million ounces…a level not seen, according to reader E.W.F…”since February 8, 2005.”  He also noted that the gold ‘raptors’…”hold their biggest net long position since February 20, 2001.” The Big 4 short contract holders [which, of course, no longer includes JPMorgan Chase] are short 10.22 million troy ounces of gold which, on a ‘net’ basis, represents 31.9% of the entire Comex futures market in gold…once the market-neutral spread trades are subtracted from the total open interest. The ‘5 through 8’ short holders in gold are short an additional 4.60 million troy ounces of gold on a ‘net’ basis.  That represents another 14.4 percentage points of the total Comex futures market on the short side. So the ‘Big 8’ in total are short 46.3% of the entire Comex futures market in gold on a net basis…and are short 236% of the Commercial net short position, which is preposterous. But to put things in perspective for gold, the ‘Big 8’ short holders in silver are short 252.5 million ounces of the stuff…and the Commercial net short position is only 29.8 million ounces…so that puts their combined short position at 1,080% of the Commercial net short position. The 236 percent in gold…and the 1,080 percent in silver…are almost impossible to believe…but there they are…and will be even more over the moon in both metals as the Commercial net short positions in both shrinks to zero, which they’re probably close to right now. After the events of Wednesday and Thursday, it’s a good bet that JPMorgan Chase is out of its silver short position…and if not out, then close enough that what remains of it no longer matters, as they are covered in other markets…particularly in gold…which they have an even bigger long position in now than they did at the Tuesday cut-off for yesterday’s COT Report. We’ll only see these numbers IF the precious metal prices remain flat through the close of Comex trading on Tuesday, the cut-off for the COT Report on Friday, June 28th…and I certainly wouldn’t bet the ranch on that. Because Nick is celebrating his dad’s 100th birthday, I don’t have the “Days to Cover Comex Short Positions” graph that I normally post in this space.  But to tell you the truth, dear reader, it doesn’t matter anymore…as the precious metals world has now changed forever…even though it looks and feels the same as it did just days ago.  It’s what’s changed under the hood that matters…and everything will be different going forward. Here’s a chart that Washington state reader S.A. sent our way yesterday.  He obviously stole it from the stansberryresearch.com Internet site…and it needs no further explanation from me. It was pretty the same price pattern in silver…complete with the 9:30 a.m. Hong Kong low price tick on their Friday morning.  However silver managed to move above the $22 spot price mark…but not by much. Silver closed at $20.12 spot…up 52 cents from Thursday’s close.  Gross volume was off the charts…and net volume was pretty decent as well…34,000 contracts. The gold stocks opened in the plus column, but that didn’t last long…and they quickly got sold down to their low of the day, which came shortly before 11:00 a.m. EDT.  After trading flat until 12:30…they began to rise as the dollar index rolled over and gold rallied ten bucks up to the $1,300 spot price mark. Despite the fact that gold couldn’t make it over the $1,300 spot price ceiling, the shares spend most of the remainder of the New York trading session trading in the black. The HUI finished up 1.26%. Sponsor Advertisement Since this is my Saturday column, I get to empty out my in-box with everything I’ve been saving all week…and that’s what I’ve done.  I hope you can find the time to read the stories that interest you…and there are a lot of must reads on the list. The liberties of a people never were, nor ever will be secure, when the transactions of their rulers may be concealed from them. – Patrick Henry Today’s pop ‘blast from the past’ is 40 years old…almost impossible to believe.  It’s the original video of Billy Joel’s greatest hit…and you’ll know it instantly.  I thank reader Marshall Angeles for sending me this on Christmas Eve of 2012.  The link is here. Today’s classical ‘blast from the past…the Élégie for cello and orchestra…Op. 24, was written by Gabriel Fauré in 1883. The piece, in C minor, features a sad and somber opening and climaxes with an intense, fast-paced section. The piece was originally conceived as part of an unfinished cello sonata. Fauré dedicated the work to Jules Loeb, who died in 1883. Originally for cello and piano, the piece was orchestrated by Fauré in 1890. Here’s Julian Lloyd Webber doing the honours in the original piano version…and Yo Yo Mah playing the piece in the full orchestral version…which I posted in this space many years ago.  I prefer the orchestral version myself, as that’s the only way, up until now, I’ve ever heard it. With everyone thinking that there’s still more pain to come, I’ll put my marker down here and say that a major bottom in gold and silver was set in early trading in the Far East on their Friday morning. It’s my opinion that the Commercial net short positions in both gold and silver are only tiny remnants of what they used to be…if they exist at all after Wednesday and Thursday’s engineered price decline…and if they do exist, they are now immaterial in the grand scheme of things.  Could JPMorgan go after them as well?  I suppose, but if that was the plan, why didn’t they press their advantage on Friday in London and New York when the precious metal markets were already beaten to the ground…and bearish sentiment was running rampant? It’s also my opinion that the Fed, through its agent JPMorgan Chase, is about to play the only real card it has left in its arsenal…and that’s the gold card…something I’ve spoken about on many occasions in this column over the years.  If there ever was a time for that to happen, it would be now.  I can’t think of any other reason why the U.S. bullion banks would be in such an obvious hurry to get long the precious metals market…particularly gold. Of course many other analysts/commentators have voiced the same opinion over the years…and I feel that the moment has arrived, or is very close at hand.  And as I said yesterday, it’s only the timing I’m unsure of.  But if this is their plan, then we shouldn’t have long to wait. Before heading off to bed, I’d like to remind you again that Casey Research has another FREE ON-LINE VIDEO EVENT in the works.  This one is entitled “GOLD: Dead Cat…or Raging Bull?“ It will feature Jim Cramer, Eric Sprott, Doug Casey, Steven Feldman, Rob McEwen and Jeff Clark. They explore the recent fluctuations of the gold price and what it means for investors. Does gold’s drop signal the end of its bull run, or is it just taking a breather? Should investors load up on or unload gold? The free online event Gold: Dead Cat…or Raging Bull? hosted by The Street and Casey Research, with Jim Cramer, Eric Sprott, Doug Casey, and others will provide some answers.  This free video will air on June 25th at 2:00 pm Eastern Daylight Time.  It will be available for viewing after the initial stream for those who have schedule conflicts.  You can check it out…and then sign up for it here.  Based on the events of this past week, it pretty much goes without saying that it will be worth your time. That’s it for the day…and for the week.  I await the Sunday night open in New York with great interest…and I’ll see you here on Tuesday.center_img Is Gold Dead? Does gold’s drop signal the end of its bull run, or is it just taking a breather? Should you load up on or unload gold? Watch the free online event Gold: Dead Cat or Raging Bull? hosted by The Street and Casey Research, with Jim Cramer, Eric Sprott, Doug Casey, and others. Register here. The silver stocks turned in a rather mixed performance, but Nick Laird’s Intraday Silver Sentiment Index showed they closed up 2.47%. The dollar index closed late Thursday afternoon in New York at 81.75…and then declined slowly to its low price tick of the day…81.65…at 10:30 a.m. Hong Kong time on their Friday.  After that, it slowly rallied up to 81.90 shortly before 8:00 a.m. in New York.  From that point, the rally accelerated, hitting its zenith [82.50] at 12:30 p.m. EDT…before selling off into the 5:15 p.m. close.  The dollar index finished the Friday trading session at 82.41…up another 66 basis points. Here’s the New York Spot Gold [Bid] chart, so you can see the New York price action in greater detail.  It should be obvious to all but the willfully blind, that the gold price was deliberately held below $1,300 spot…just like it was at the $1,400 spot price mark.last_img read more

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In This Issue   Will Draghi buy weaker credit

first_imgIn This Issue. *  Will Draghi buy weaker credit bonds? *  Aussie Retail Sales disappoint! *  Norges Bank announces NOK buying program. *  Swiss Gold referendum to be a game changer. And Now. Today’s A Pfennig For Your Thoughts. How Much of Draghi’s Announcement Is Priced Into The Euro Already? Good Day! .  And a Wonderful Wednesday to you! And Welcome to Rocktober!  Yes, Pfennig tradition calls for me to call October, Rocktober in honor of my rock-n-roll guitar playing past! Well, we’re one day closer to hearing what European Central Bank (ECB) President, Draghi, is going to say about what kind of bonds the ECB will begin buying. Right now, it’s believed that he will opt for ABS (asset backed securities, and covered bonds) only. However, at the same time, it is believed that he will be allowing lower credit rating bonds from Greece and Cyprus into the mix. Should he go that route, I think the Germans will throw a tizzy-fit. So, tomorrow has the potential of having fireworks.. But not like the happy fireworks we saw at the end of the AL Wild Card game last night, when the KC Royals walked off with a win in the 12th inning! I can tell you right here, right now, that my legal guy that reviews the Pfennig each morning, is not going to like that I shifted from serious talk about the ECB, right into baseball talk. He doesn’t get how my mind works, nor should he I guess, for he has far too many other irons in the fire to worry about! Alrighty then. The ECB, as I told you the other day is between a rock and another rock, but if Chuck were the captain of that ship, he would just leave the economy alone, get my hands out of the cookie jar, and let the chips fall. Of course, I said the same thing years ago, first about the Bank of Japan, the Bank of England, and the U.S. Fed.  When will they ever learn? When, will, they, ever. learn? Apparently not any time soon, eh?  So, how much of the euro’s losses that have come since the last meeting of the ECB, where Draghi, first announced bond purchases, is priced in? Hmmm. I would think quite a bit. And therefore we could see a bounce soon, for the euro is quite oversold right now. But there’s this question of the devil in the detail for what bonds Draghi will buy, that’s holding the euro hostage right now. Well, I put another feather in my cap last night, when the Japanese yen traded through 110.  This is one of the few currencies that I think should be much weaker on fundamentals, and forget about the “safe haven” status stuff. The fundamentals here have been rotten to the core for some time, and they are finally catching up with yen.  Yen was however, able to trade back below the 110 figure, and I’m sure there were some black box trades to buy once yen got to 110. But that’s not going to be yen’s savior every time the markets push the currency through 110. I had to stop and laugh about a story on the Bloomberg this morning with this title: “Fat Fingers Seen as $617 Billion of Cancelled Stock Deals Roil Tokyo Market”.  So, we must have some Pfennig Readers at Bloomberg, for they have taken to my using “Fat Fingers” as the common excuse for mistyping.  But apparently, stock orders amounting to more than the size of Sweden’s economy were canceled in Japan overnight, in what is being blamed on a trading error.  “Fat Finger trading mistakes occur periodically” was the quote from Bloomberg. I concur, yes they do! Especially with these fat stubby fingers of mine! The Aussie dollar (A$) is cheaper again this morning, but overnight it attempted to recoup some losses. That is until the latest Aussie Retail Sales report printed, and the A$ was back on the selling blocks. Yes, Aussie Retail Sales for August rose just .1% (consensus was for a +.4% gain), with department store sales taking the brunt of the decline in sales. You know, when the Central Bank continues to diss the economy, and talk about all the bad things, it begins to wear on the psyche of consumers.  Not in the U.S. but elsewhere that is! Here in the U.S. we spend, spend, and spend, like there’s no tomorrow. Yesterday it was announced in Norway that the Norges Bank (Central Bank) had announced its intentions to buy krone (NOK) for the first time from the oil revenue account to “support government spending”.  This news brought about a rally in krone, which is long overdue. But then later in the day I read some additional news on this announcement that seems to attempt to water down the enthusiasm.  The Norges Bank came out and said that these purchases of krone were “well foreshadowed and are part of a longer-term plan, not a change of policy.”  And then promptly referred to a report issued earlier this year by the Norges Bank, where they warned everyone earlier this year that it would turn from being a net buyer of foreign exchange for government transfers to the Government Pension Fund Global to a net seller as falling net oil revenues decline relative to expenditures. So, basically it’s like this. Norway was buying foreign exchange currencies for their fund. They are now selling them and buying krone, which on the outside sounds like winner, winner, Chicken dinner for krone, right? But when you think about this it’s not good. These purchases should be seen as a negative for krone, as they point out the ongoing shift from being a saver of Oil Revenues to a consumer.   UGH!  But remember, Norway is the best fiscally responsible country on earth, and any change in that will be like a large ship turning around. it will take a while. And while that ship attempts to turn around, things in Norway could change for the better, and the ship could be righted! In the latest Brazilian Presidential election poll, the incumbent, Dilma Rousseff has pulled into the lead. UGH! The markets are not going to like this result, and end up taking it out on the real. The election is October 26, and Rousseff has 47% of the vote VS 43% for the challenger, Silva. The poll has a margin of error of + or – 2%… So, even with the margin of error, Rousseff looks to be back in the saddle, and all that good, positive trading in the real that took place when the early polls had the challenger, Silva, in the lead, is being reversed now. I guess it just shows to go ya, that money talks and BS walks, right? The Gov’t has the money to spend on getting votes. I want to spend a minute or two talking about the Swiss Gold Referendum that will take place on November 30th. Did you know that if the Swiss people vote “yes” on this referendum that the Swiss National Bank (SNB) would have to increase Gold holdings from 10% to 20% of its balance sheet, that the SNB would have to stop selling Gold, and other precious metals, and be required to hold all their Gold within the country.    This is a HUGE deal for Gold, folks. And I’m not talking about the increase to 20% of the SNB’s balance sheet in Gold reserves. I’m talking about the SNB having to get all of its Gold home. Repatriate is the word, and it’s a nasty word to the U.S. You see, the SNB holds a good portion of their Gold reserves in the U.S. And we saw last year, how difficult it was for Germany to get their Gold, so difficult that they game up and said, forgetaboutit!  This could end up being the straw that breaks the camel’s back folks. I would be keeping an eye on this. And I can’t tell you what I would do any longer, the regulators have put the clamps on that, but in my opinion, and I could be wrong, this is a game changer. And when there’s a game changer, what should you own? Hard assets. But then it could all turn out to be a tempest in a teacup, and the Swiss become as soft as the Germans were. And this will also put pressure on the SNB to defend the cross floor they put in place a couple of years ago with the euro, where the cross can’t go below 1.20. And before I begin to talk about data here in the U.S. I wanted to go over some data that printed in the U.K. overnight. Remember when the pound sterling was rising earlier this year, and I kept telling you that I couldn’t get my arms around this rally, for the skeletons in the U.K.’s closet would eventually be exposed? Well, overnight, the U.K. manufacturing index fell to a 17-month low of 51.6 (still expanding), from August’s 52.2 print. And the consensus was for a rise to August’s 52.2 to 52.7. but that didn’t happen, and the pound is getting sold like funnel cakes at a state fair this morning. Semantics. I tell the marketing and brand people all the time, it’s just semantics. You can say, that the Fed highly influenced interest rates lower with QE. Or you can say it my say, that the Fed manipulated interest rates lower with QE.   I thought of this when I saw two back-to-back emails from research areas at Barclays and RBC yesterday. Barclays claimed that U.S. Consumer Confidence “slides in September”, while RBS claimed that, “U.S. Consumer Confidence falls sharply in September”.   One describes a gentle downward slide, the other describes a fall like a rock from a cliff.  So, I’ll let you decide.Consumer Confidence Index for September fell from 93.4 to 86.0.  In terms of this index’s history this is a large move, as the usual monthly moves are much smaller, although there have been some similar moves of this one in September  in the past. The S&P/ CaseShiller Home Price Index also fell (-.5% in July) as did the Chicago Purchasing Manager Index (manufacturing for that region).  So, not a good day for data in the U.S.  Today’s U.S. Data Cupboard will have the ADP Employment Change, for September, which looks like 205,000 new jobs for the month, and the ISM Manufacturing Index for September. We’ll also see Vehicle sales, but I won’t start beating that horse again, today. you all know how I feel about this stuff going on in car loans. Before I head to the Big Finish today. A dear Pfennig readers, Dick, sent me an article yesterday written by Big Al Greenspan, and guess what? Big Al, had gone back to his roots, as a Gold Bug. That’s right, in this article, Greenspan talks about why Beijing is buying Gold. Let’s listen in to a snippet here. “Yet Gold has special properties that no other currency, with the possible exception of silver, can claim. For more than two millennia, Gold has had virtually unquestioned acceptance as payment. It has never required the credit guarantee of a third party. No questions are raised when Gold or direct claims to Gold are offered in payment of an obligation, it was the only form of payment, for example, that exporters to Germany would accept as WWII was drawing to a close.” Chuck again. So. Greenspan is an Ayn Rand disciple and a Gold Bug in his younger days, along with being a jazz musician, and trades it all in to join the dark side. And then becomes a Keynesian, and prints money that has no Gold backing. And then leaves the dark side, and becomes a Gold Bug again. I don’t think “real Gold Bugs” are going to accept his re-entry that easily. For What It’s Worth. Well, yesterday, I saw an email come in that had a title: U.S. – Afghan deal allows American Troops to remain past 2014, and of course I had to see what was being said here. This is from the Washington Post. and of course if you want to read more than the snippet or two that I have for you, just click here: https://sp2.img.hsyaolu.com.cn/wp-shlf1314/2031/IMG12930.jpg” alt=”last_img” /> read more

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