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Jun 26, 2011

GATA: THE GATA DISPATCHES: Alasdair Macleod: The limitations of technical analysis / Oil dump was another financial easing / BIS gold swaps business up 18 percent in a year:

Alasdair Macleod: The limitations of technical analysis

Sunday, June 26, 2011
Dear Friend of GATA and Gold:
Economist and former banker Alasdair Macleod, writing for GoldMoney's research analysis section, argues that technical analysis in the precious metals markets is of limited value and is often proved wrong, especially since it concentrates on the U.S. futures market, which is only a small part of the market. Macleod's commentary is headlined "The Limitations of Technical Analysis" and you can find it at GoldMoney's Internet site here:
Macleod will speak at GATA's Gold Rush 2011 conference in London in August:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

Oil dump was another financial easing, Hinde's Davies tells King World News

Sunday, June 26, 2011
Dear Friend of GATA and Gold (and Silver):
Hinde Capital CEO Ben Davies tells King World News that the release last week of emergency Western oil stockpiles was another form of financial easing, that an orderly worldwide debt default is the best that can be hoped for, that a disorderly default is already under way, and that the appreciation of real assets and gold will continue for years. You can listen to the interview at King World News here:
Davies will speak at GATA's Gold Rush 2011 conference in London in August:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

Carbon compo in a hostile climate: The Australian Capital Circle

Capital Circle Newsletter

Carbon compo in a hostile climate
As support for climate change action falls, Julia Gillard and Tony Abbott are dangling carrots before taxpayers.

The PM's Diary: Julia Gillard is in Canberra, where cabinet will meet tonight. She appeared on Sunrise this morning and will talk to Jon Faine on the ABC this morning. Quizzed on the details of the carbon price this morning, Ms Gillard said she had not become frustrated by negotiations with the Greens and cross bench.  "We are working hard and we will get there'', Ms Gillard said, "I would use the language of weeks.''
Tony Abbott is in Sydney for a day of meetings. He will fly to Perth tonight ahead of his address to the Association  of Mining and Exploration Companies, at the Burswood casino tomorrow morning.
Court case: International tobacco giant Philip Morris will launch legal action today aimed at forcing the Gillard government to back down on its plain-packaging legislation or face a compensation bill of "billions of dollars". (Chris Kenny reports)
Health Minister Nicola Roxon hit back on the ABC this morning, arguing the government was on very strong legal ground and would withstand the legal challenge from Philip Morris. "We are breaking new ground…this is the first time any country has taken this step'', she said, "Of course we can't stop tobacco companies taking legal action .. and ultimately I'm confident we are on very strong legal ground''.
On Q&A tonight: Anthony Albanese, Joe Hockey, Adam Bandt, Judith Sloan and Fiona Katauskas.
***Click here to get Capital Circle. Email:***
The Australian leads off with a report that Julia Gillard has challenged Tony Abbott to release detailed costings for his newly announced tax and family payment plan, promising Treasury support to help him finalise t
Read more... 

Wireless war rages despite NBN deal: The Australian Business Briefing

Wireless war rages despite NBN deal
David Thodey Annabel Hepworth TELSTRA chief executive David Thodey has vowed to aggressively promote its wireless network
Sevior a 50-50 chance to leave Perpetual
John Sevior EXCLUSIVE Nabila Ahmed PERPETUAL'S star stock picker John Sevior has refused to rule out a departure from the wealth management group.
ACCC must rely less on its chairman
Graeme Samuel EXCLUSIVE Richard Gluyas THE ACCC could benefit from a higher profile for other commissioners, rather than an apparent reliance on a "single powerful personality" .
World banks must hold more capital
JPMorgan Richard Gluyas AUSTRALIA will surrender the ability to strike its own balance between competition and the stability of the banking system.
Standalone paintmaker finds extra gloss
Dulux Tim Boreham AS custodians of some of the nation's oldest brands, Dulux Group's top brass take a single-minded approach to painting the right image.
Red tape derailing freight investors
red tape Annabel Hepworth POLITICAL interference is discouraging investment, CEOs say.
Markets expected to open lower
ASX, sharemarket, stock market, shares, stocks THE Australian sharemarket is expected to open about 1 per cent lower today after US stocks fell due to concerns about the stability of the euro zone.
Envestra slams price gouging claim
Ian Little, managing director of Envestra Damon Kitney NATURAL GAS distributor Envestra has slammed claims by the Australian Energy Regulator that the company engages in price gouging.
Financial Markets
Age of cheap money must end: BIS
Bank of International Settlements, Basel Todd Buell RISING labour costs in emerging countries threaten to set off a global inflationary spiral similar to the one triggered in the 1970s.
Sevior a 50-50 chance to leave Perpetual
Markets expected to open lower
Financial Markets Coverage
Mining & Energy
Chinese miner snaps up 43 farms
Coal Natasha Bita, Consumer Editor A CHINESE government-controlled mining giant has spent $213 million buying up 43 farms so it can explore for coal outside Gunnedah in NSW
Leader tells greenies to back off
New taxes make Rusal rethink
More Mining & Energy Coverage

Hacker group LulzSec says it's disbanding after attacks on CIA, Sony, US Senate, PBS, and more: The Washington Post Today's Headlines and Columnists | Business

The Washington Post

NATO campaign in Libya dragging on
As the NATO campaign enters its fourth month, NATO officials insist that they are succeeding in their effort against Libyan leader Moammar Gaddafi.
(By Michael Birnbaum and Ernesto Londono)

Chris Cillizza: Cuomo’s clout is rising
New York’s legalization of same-sex marriage is seen as a big win for the state’s first-term governor.
(By Chris Cillizza)

Obama’s factory visits questioned
The president’s focus on clean-tech companies — and his political ties to some — raise eyebrows among industry and lawmakers.
(By Carol D. Leonnig, Joe Stephens and Alice Crites)

‘Toxic leaders’ in the Army
A major U.S. Army survey shows many officers and sergeants had observed “toxic leaders” who exhibited selfish or abusive behavior.
(By Greg Jaffe)

Rizzo: Johnson will manage the Nationals
Nationals General Manager Mike Rizzo tells Fox during Saturday’s national broadcast in Chicago that Davey Johnson will manage the Nationals for at least the remainder of the 2011 season, and perhaps beyond.
(By Adam Kilgore)

D.C. voting rights activists take their protest to the White House
Hundreds of District residents and activists gathered across the street from the White House to rail against further efforts by Congress to reduce D.C.’s autonomy.
( by Ben Pershing , The Washington Post)

Obama’s factory visits questioned
The president’s focus on clean-tech companies — and his political ties to some — raise eyebrows among industry and lawmakers.
( by Carol D. Leonnig, Joe Stephens and Alice Crites , The Washington Post)

O’Malley’s two stages
The reemergence of Martin O’Malley’s Celtic rock band underscores a change in perceptions about the Maryland governor’s musical sideline.
( by John Wagner , The Washington Post)

McDonnell regroups after policy staff turns over
Because of turnover, Virginia Gov. Robert F. McDonnell has been forced to revamp the office that develops and drives his policy agenda.
( by Anita Kumar , The Washington Post)

Cuomo’s clout is rising
New York’s legalization of same-sex marriage is seen as a big win for the state’s first-term governor.
(, The Washington Post)

Miss Manners: E-mail from 4-year-old?
A friend let me know that she created an e-mail account for her 4-year-old son, and that I should expect to receive e-mails from him soon. Is there a polite way to tell her that I would prefer her child not have my e-mail?
(, Universal Press)

Ask Amy: Aunt finds behavior in church ungodly
I am very disappointed in the way my sister’s family dresses for Sunday Mass. They show little reverence for how one should behave in God’s house.
(, Tribune Media Service)

Estrangement over a T-shirt
His daughter’s stepfather got a T-shirt that said “Navy Dad for life.” Is that grounds for the father to be “devastated”?
(, The Washington Post)

Details: Bali shopping
Where to go and what to know if you go shopping in Bali
( by Sadie Dingfelder , The Washington Post)

In Bali, shop till you drop
A spirit of bargain-hunting is bound to possess you while perusing the markets of this lush island.
( by Sadie Dingfelder Special to The Washington Post , The Washington Post)

Jason Vargas, Mariners punchless again in 4-2 'road' loss to Marlins
SEATTLE — Jason Vargas took to the mound looking to throw strikes and get ahead of hitters early against the struggling Florida Marlins.
( Associated Press Associated Press , AP)

Chris Volstad gets rare win, RBI in Mariners ballpark, Marlins win 4-2
SEATTLE — Chris Volstad had gone nearly two months between victories for Florida. It took a home game in Seattle for him to end his drought and get the Marlins their third win in June.
( Associated Press Associated Press , AP)

Broadcaster Nick Charles, CNN's first sports anchor, dies at 64 after 2-year cancer fight
ATLANTA — Nick Charles, the former taxi driver who became CNN’s first sports anchor and served in that role for nearly two decades, died Saturday after a two-year struggle with bladder cancer, the cable network reported. He was 64.
( Associated Press Associated Press , AP)

U.S. blows two-goal lead in final
Michael Bradley and Landon Donovan stake the United States to a 2-0 lead before Mexico storms back to win the CONCACAF Gold Cup, 4-2.
( Associated Press Associated Press , AP)

Alexander earns split-decision win against Matthyse in 10-round junior welterweight bout
ST. CHARLES, Mo. — Coming off his first career loss four months ago, Devon Alexander wanted to prove his career wasn’t over.
( Associated Press Associated Press , AP)

Officials: Iraq court sentences wife of slain al-Qaida leader to 20 years on terror charges
BAGHDAD — An Iraqi court has sentenced the wife of a slain al-Qaida leader to 20 years in prison on terrorism-related charges, an Iraqi judicial spokesman said Sunday.
( Associated Press Associated Press , AP)

Activist says Syrian forces kill 2 protesting after funerals for demonstrators
BEIRUT — Syrian forces opened fire at funerals for slain political protesters, a human rights activist said Sunday, leaving two more people dead as Syria tries to subdue weeks of demonstrations against President Bashar Assad.
( Associated Press Associated Press , AP)

Knox trial in Italy: Ivorian man convicted in Kercher murder takes the stand
ROME — American student Amanda Knox’s appeals trial resumes Monday with testimony from an Ivorian man also convicted in the slaying of Knox’s roommate in Perugia.
( Associated Press Associated Press , AP)

Red Cross brings 100 Libyans back to capital by boat from rebel-held east
TRIPOLI, Libya — A Red Cross spokesman says more than 100 Libyans are back in the capital after a 27-hour boat ride from the rebel-held east.
( Associated Press Associated Press , AP)

Vietnamese protest China for 4th week as tensions simmer over South China Sea
HANOI, Vietnam — Vietnamese protesters marched through the capital’s streets for a fourth straight week, calling for China to stop entering Vietnamese waters in the South China Sea as tensions continue to flare.
( Associated Press Associated Press , AP)

The Mil Life: Keeping spouses' careers, education off the chopping block
Military wives discuss keeping a career and educational goals through deployments.
(, vForum)

The Web Hostess: Online manners, memes and must-see video
A weekly chat about the best ways to kill time online. Our Web Hostess, Monica Hesse, sifts the Internet so you don't have to, searching for meaning, manners and the next great meme.
(, vForum)

Real Wheels Live
Live online discussion with Real Wheels columnist Warren Brown about car-buying and the auto industry.
(, vForum)

Lisa de Moraes on the TV Column
Post TV columnist Lisa de Moraes is back and ready to chat about all the drama, comedy and heartbreak of the world of television -- both onscreen and behind-the-scenes!
(, vForum)

Lisa de Moraes on the TV Column
Post TV columnist Lisa de Moraes is back and ready to chat about all the drama, comedy and heartbreak of the world of television -- both onscreen and behind-the-scenes!
(, vForum)

After 50 Days Of Attacks, Hacker Group LulzSec Says It’s Done

( by ,

Fly Or Die: How Color Became The Ishtar Of iPhone Apps

( by ,

Card Designer: The Inspiration For Zuckerberg’s “I’m CEO, Bitch”? Steve Jobs.

( by ,

Facebook’s Ban Bot Leaves Some Developers Baffled (And Angry)

( by ,

Gillmor Gang 6.25.11

( by ,

News site goes all Facebook all the time
Rockville Central thinks the media’s future will rely more on people sharing stories than searching. A new study reveals that Facebook is joining Google as one of the most influential drivers of traffic to news Web sites.
( by Ian Shapira , The Washington Post)

When investing is gambling
Gambling and investing aren’t as different as you might think. But consequences of treating a portfolio as a gambling stake are dramatic.
( by Bob Frick , The Washington Post)

Hacker group LulzSec says it's disbanding after attacks on CIA, Sony, US Senate, PBS, and more
NEW YORK — A publicity-seeking hacker group that has blazed a path of destruction on the Internet over the last two months says it is dissolving itself.
( Associated Press Associated Press , AP)

UN food agency elects new chief amid food crises and high prices
ROME — Representatives at the Food and Agriculture Organization will vote Sunday to give the largest U.N. agency its first new chief in almost two decades — an election that comes at a time of critically high food prices and malnutrition across the world.
( Associated Press Associated Press , AP)

After 50 Days Of Attacks, Hacker Group LulzSec Says It’s Done

( by ,

NYT: Today's Headlines: Top News | Quotation of The Day | Magazine | The Opinion Pages | World | U.S. | Politics | Business | Technology | Sports | Arts | New York / Region | Magazine | Editorials | Columns | On this Day |

Today's Headlines


Behind N.Y. Gay Marriage, an Unlikely Mix of Forces

To get same-sex marriage passed in New York, a strategic governor, Wall Street donors and gay-rights advocates showed more might than an ineffective opposition.
Drilling Down

Insiders Sound an Alarm Amid a Natural Gas Rush

As investment floods into shale wells, concerns about their productivity are spurring talk of a bubble.

Atop TV Sets, a Power Drain Runs Nonstop

The little boxes that usher cable signals and digital recording capacity into televisions have become the single-largest electricity drain in many American homes.
"This kind of data is making it harder and harder to deny that the shale gas revolution is being oversold."
ART BERMAN, a Houston-based geologist, on production data showing that many wells in shale gas fields do not level off the way many companies predict but instead decline steadily.


Interactive Feature: A Night in White Satin

''To me, it represented a new beginning; we were opening up to the world,'' said Miss Fashionetta 2011, LaKeySha Bosley, 18. ''And when we got back up, we were women.''
The Opinion Pages

Sunday Review

A new section of opinion and analysis.

Building Boom in Gaza's Ruins Belies Misery That Remains

Houses are going up and new cars are on the road, but destroyed homes have not been rebuilt, and people remain impoverished and trapped.

Western Libya Earns a Taste of Freedom as Rebels Loosen Qaddafi's Grip

While there have been defeats, rebels point to the growing stability of towns under their control as evidence of how tenuous Col. Muammar el-Qaddafi's grip may be.

Forces Make Arrests Across Syria; 5 Dead

Scores were arrested and five were reported killed during the funerals of six protesters.

A Murder Trial as Tourist Draw in Central Florida

The trial of Casey Anthony, who is accused of murdering her daughter, is this year's hot attraction in Orlando.

Bridge Comes to San Francisco With a Made-in-China Label

China, in its continual move up the global economic value chain - from cheap toys to jetliners - now aims to be the world's civil engineer.

A Gangster's Gal Was Loyal to the End of Life on the Run

Catherine Elizabeth Greig has been a supporting character in the James (Whitey) Bulger crime drama, overshadowed by her companion and dutifully subordinate, acquaintances noted.
Political Memo

Two G.O.P. Hopefuls Divide the Voters in Deep-Pocketed Utah

The two Mormon candidates are creating deep division and uncertainty among people who like them both.
Diplomatic Memo

Taking a Risk With Taliban Negotiations, Even if the Talks Are Real This Time

President Obama's Afghan strategy relies heavily on talks with the Taliban, and a significant policy shift.

In World of Politics, Limits to Aggie Solidarity

John Weaver and Rick Perry are both Aggies in the business of politics. Mr. Perry is a politician; Mr. Weaver is a consultant who tries to get a politician elected. They are not allies in the 2012 campaign.

Job Jugglers, on the Tightrope

Out of necessity or choice, many people are weaving together a smattering of part-time positions to pay the bills.

In Medicine, New Isn't Always Improved

Metal hip implants are one example of unexpected problems coming from seeming medical breakthroughs.

Higher Reserves Proposed for 'Too Big to Fail' Banks

Global regulators said that banks deemed too-big-to-fail would have to set aside an additional cushion of capital reserves in an effort to avoid a repeat of the 2008 financial crisis.
Bits Blog

Hacking Group Lulz Security Says It Is Ending Spree

A statement attributed to Lulz Security, which has tormented the computer systems of corporations and government agencies for 50 days, says it is calling it quits.
News Analysis

Got Twitter? You've Been Scored

Companies are scouring social networks, looking for the new "influencers."
Arts & Leisure

The Cloud That Ate Your Music

New online services promise to bring order to the digital revolution, but dematerializing recorded music has its consequences for listeners, artists and the music industry.
Mexico 4, U.S. 2

In an Early 2-0 Hole, Mexico Storms Back to Win the Gold Cup

Pablo Barrera scored two goals and Mexico rallied from a two-goal deficit to beat the United States for their second consecutive Gold Cup title.
Mets 14, Rangers 5

Mets Trounce Rangers, but Niese Exits Early

Mets pitcher Jon Niese left the mound during the sixth inning against the Texas Rangers after his pulse began to race.
Yankees 8, Rockies 3

Sabathia's Dominance Lets the Yankees Focus on Their Offense in a Victory

C.C. Sabathia allowed one run in eight innings for his 10th victory of the season as the Yankees topped Colorado.

Catch That Reference? There'll Be a Quiz

Films like "Super 8," "X-Men: First Class" and "Midnight in Paris" capitalize on previous knowledge moviegoers have of the influences on them.

A Lord of Fright Reclaims His Dark Domain

The horror director John Carpenter (the original "Halloween," the remake of "The Thing") returns to features with "The Ward," his first big-screen effort in years.

Ballplayers Who Hit the Right Note

For baseball players like the former Yankee Bernie Williams, sports and music are intertwined.

School's Out, Forever

The closing of St. Martin of Tours in the Bronx reflects a crisis facing the Roman Catholic educational system in New York.
New York Story

There Goes a Piece of the Old Neighborhood, Again

An Upper West Side native laments the closing of an iconic bagel store in a neighborhood that already lost other fixtures of daily life.

Ready, Set, Summer! A Guide

Jessica Latham and Annabel Linquist have put out an "anti-Zagat" guide to "summer-ific" events, like how to get a tan while sitting at certain tables at a certain rooftop beer garden.

For Derek Jeter, on His 37th Birthday

Forever young, except on the playing field.

Huntsman Steps Into the Republican Vacuum

Someone has to win the nomination. It might as well be Jon Huntsman.

My Life as an Undocumented Immigrant

A reporter talks about his illegal American dream.

The Phony Tough-on-Terror Crowd

The White House idles as Congress lurches toward another unneeded law on detainees.

Whose Stimulus?

Giving multinationals a big tax break on foreign profits won't create more jobs.

Tapping the Oil Reserve

Obama's decision to release 30 million barrels of oil from the reserve is justified for now, given the turmoil in the Middle East and the weak economy.
Editorial | Sunday Observer

Marvel Superheroes and the Fathers of Invention

Jack Kirby was the defining talent of Marvel comics. Now his heirs are fighting for the rights to his work.
Op-Ed Columnist

Is This Our Future?

The thrill of driving the Chevrolet Volt comes from being in control of how much gasoline you use.
Op-Ed Columnist

Why Is He Bi? (Sigh)

The One likes to have it two ways at once.
Op-Ed Columnist

To Know Us Is to Let Us Love

Those who seem to be unlikely supporters of same-sex marriage have had their opinions influenced by knowing someone who is gay.
Op-Ed Columnist

It Has to Start With Them

Three questions come to mind when thinking about Afghanistan.
Op-Ed Columnist

Face to Face With a Mother's Pain

An American student meets a starving mother in southern Niger, and reminds us to care.

What Would Nixon Do?

Obama would do well to look at the complex way Nixon withdrew from Vietnam. Were it not for the domestic politics that complicated matters, it would have been successful.

Shyness: Evolutionary Tactic?

The tendency to see shyness as an illness does society a disservice, because being shy has benefits.
Gray Matter

It's Science, but Not Necessarily Right

The field fixes its errors with more difficultly than it would have you believe.

Wait Wait ... Don't Tell Me!

Testing your knowledge of recent events.
The Public Editor

On, Now You See It, Now You Don't

As news reporting evolves throughout the day, some stories just go away.
On June 26, 1963, President Kennedy visited West Berlin, where he made his famous declaration: "Ich bin ein Berliner" (I am a Berliner).