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Jun 6, 2012

From The Desk of Nick Nicolaas - Mining Interactive: Preparing for the Triple Crown Mario Gutierrez rides First Gold Bar into the Winners Circle



June 05, 2012
From the Desk of Nick Nicolaas – (FDNN)
IN PREPARATION FOR THE BELMONT MARIO GUTIERREZ RIDES FIRST GOLD BAR INTO THE WINNERS CIRCLE USING HIS REIKI WHIP
Vancouver, Canada - Mario Gutierrez started to prepare for his ride on I’LL HAVE ANOTHER and the final leg of the Triple Crown at Belmont Park Racetrack by riding FIRST GOLD BAR into the Winners Circle at Hastings Racetrack in Vancouver Canada.
In 2004 the first gold bar was poured from a test mill run at the Bralorne gold mine located in British Columbia, Canada and Bill Kocken, CEO of Bralorne Gold Mines and his wife Nortrud named a filly born that year “First Gold Bar”. 
After 40 years the Bralorne mine returned to production with its grand re-opening on May 27, 2011 with the first pour of a brick of gold. The Company is now focused to expand resources and reserves and to increase production (www.bralorne.com).
Mario Gutierrez, from Veracruz, arrived via the Mexico City racetrack in Vancouver in 2006 rode, the then 2-year old filly First Gold Bar, trained by Terry Jordan into the Winners Circle.
By observing Mario, one realizes that he has a special relationship with horses.  It is like a Reiki Master transferring energy in order to assist a patient’s healing. When Mario steps in the saddle he is ONE with the horse. He has the talent to transfer his energy to the horse at the precise moment when he wants the horse to accelerate.  Mario does not need the leather whip because - - he has a “Reiki Whip”.
Regards from Vancouver,
 Nick L. Nicolaas
Direct: +1 (604) 657-4058
Fax:    +1 (604) 685-1631
Skype: nicknicolaas

nick@mininginteractive.com

GATA | THE GATA DISPATCH. Fed Chairman Burns' letter on controlling gold market / U.S. is biggest currency manipulator.



Fed Chairman Burns' letter on controlling gold market is translated into German and French

5p PT Wednesday, June 6, 2012
Dear Friend of GATA and Gold:
In support of the campaign for Germany to repatriate its gold reserves from foreign central banks, the Bavarian chapter of the German Taxpayer Association has translated into German and French the June 1975 letter from Federal Reserve Chairman Arthur Burns to President Ford confirming a secret agreement with the German chancellor about surreptitiously controlling the gold market. The translations are posted at the Internet site of our friend, the German freelance journalist Lars Schall, here:
http://www.larsschall.com/2012/06/06/exclusive-fed-memorandum-related-to...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


U.S. is biggest currency manipulator, Jim Rickards tells Casey Research

4:45p PT Wednesday, June 6, 2012

Casey Research's Alex Daley today has a comprehensive interview with hedge fund manager and geopolitical analyst James G. Rickards that focuses on currency market manipulation. Among other things Rickards says: "China is a currency manipulator, but there's no bigger currency manipulator than the United States. All countries manipulate their currencies. It's a policy tool. It's no different than interest rates, tax rates, budget deficits. Your exchange rate is just another policy tool. So all countries engage in this, but the U.S. is the biggest and the best. We are the most aggressive currency manipulator in the world."
And yet Casey Research chief executive Doug Casey says the U.S. government doesn't manipulate the gold market:

http://www.gata.org/node/11381
If only Casey could be induced to read his own organization's material.
The Casey Research interview with Rickards is headlined "James Rickards: The U.S. Is the Biggest Currency Manipulator" and it's posted as both video and text at the Casey Research Internet site here:

http://www.caseyresearch.com/cdd/james-rickards-us-biggest-currency-mani...

CHRIS POWELL, Secretary/Treasurer

Gold Anti-Trust Action Committee Inc.

 


Stocks and Markets in the News | After Hours Trading:Men’s Wearhouse shares slammed after hours




By Carla Mozee, MarketWatch 

LOS ANGELES (MarketWatch) — Shares of Men’s Wearhouse Inc. dropped sharplyLessons from the Facebook IPO Is your company IPO-ready? Venture capitalist Lucy Marcus visits digits to discuss what lessons companies (and investors) can take away from the Facebook IPO. (Photo: Getty Images) Wednesday evening, with lower-than-expected quarterly results and forecasts from the apparel retailer sending the shares down as much as 20% during the session. 

 
Lessons from the Facebook IPO Is your company IPO-ready? Venture capitalist Lucy Marcus visits digits to discuss what lessons companies (and investors) can take away from the Facebook IPO. (Photo: Getty Images) 

Men’s Wearhouse shares MW +1.86%  were down 17% at $29.50, and had plunged by 25%, after the company, citing weaker corporate apparel sales, said first-quarter earnings were 52 cents a share on a 1.1% revenue increase to $586.6 million. Analysts polled by FactSet Research had expected earnings of 55 cents a share on sales of $593.7 million. 

The company forecast second-quarter earnings of $1.12 to $1.13 a share, which is below the $1.22 a share Wall Street currently expects. Men’s Wearhouse also forecast fiscal full-year earnings of $2.70 to $2.78 a share, short of the consensus estimate of $2.80 a share. 

Ahead of late trading, U.S. stocks rallied on increasing optimism that monetary policy makers will make moves to bolster the economy. The Dow Jones Industrial Average DJIA +2.37%  jumped 287 points, or 2.4%, to 12,414.79. The S&P 500 Index SPX +2.30% surged 2.3% to 1,315.13 and the Nasdaq Composite Index COMP +2.40%  picked up 2.4% to 2,844.72. 

Carla Mozee is a reporter for MarketWatch, based in Los Angeles.

NYT Glogal Update: As Central Bank Holds Back, Europe Scrambles on Spain

Global Update




TOP NEWS

As Central Bank Holds Back, Europe Scrambles on Spain

By JACK EWING
European leaders were searching for a solution to Spain's banking crisis after the European Central Bank indicated that it had no immediate aid to offer.

Stocks Jump After Central Bank Officials' Remarks

By CHRISTINE HAUSER
The New York rally followed European markets, even after the European Central Bank left its main interest rate unchanged.

Frustrated Over Peace Plan, Nations Regroup on Syria

By ANNIE LOWREY and RICK GLADSTONE
Representatives from more than 55 countries pressing for the resignation of President Bashar al-Assad threatened to dramatically expand financial pressure on his government.
Health

Phys Ed

Moderation as the Sweet Spot for Exercise

By GRETCHEN REYNOLDS
The amount of physical activity needed to improve health and longevity, the new science shows, is modest, and more is not necessarily better.
Opinion

Op-Ed Contributor

A New Shield Over Europe

By IVO DAALDER
The Atlantic alliance is forging new defenses against missile attacks on Europe.
WORLD

Attack Kills at Least 20 Civilians in Southern Afghanistan

By TAIMOOR SHAH and ALISSA J. RUBIN
Two blasts, at least one which was set off by a suicide bomber on a motorcycle, killed more than 20 people on Wednesday in southern Afghanistan, witnesses and government officials said.
India Ink

In New Delhi, Panetta Defends Drone Strikes in Pakistan

By GARDINER HARRIS
The military relationship between the two countries should deepen, he says.
BUSINESS

Tighter Banking Ties Are Proposed in Europe

By JACK EWING and JAMES KANTER
The plan could demonstrate that governments are willing to cede power to the strong institutions that many economists say are needed to stabilize the currency union.
DealBook

Nasdaq Sets Aside $40 Million to Settle Facebook Trading Claims

By MICHAEL J. DE LA MERCED
The Nasdaq OMX Group plans to set aside up to $40 million to settle disputes by investors over issues caused by technical glitches in Facebook's initial public offering.
TECHNOLOGY

Airtime Adds to a Growing Choice of Video Chat Services

By JENNA WORTHAM
Airtime, a live video chat service designed by Napster founders Sean Parker and Shawn Fanning, hopes to recreate the spontaneity of the 1990s AOL chat rooms.
Bits Blog

Google Issues New Warning for State-Sponsored Attacks

By NICOLE PERLROTH
On Tuesday, Google said it would start warning users anytime it thinks they may be the target of a state-sponsored computer attack.
Bits Blog

As Google Bets on Mobile Office, Microsoft Waits

By NICK WINGFIELD
Google has acquired Quickoffice, a start-up that makes a set of applications for iPads and Android tablets that let people open and edit Microsoft Office files.
SPORTS

The Wide, Wide Wake of Rafael Nadal

By CHRISTOPHER CLAREY
For all the other men who keep returning each year to the French Open with diminishing hope of defeating Rafael Nadal, Robin Soderling is proof that it can be done. But Nadal has yet to lose a set through the quarterfinals.

The Moment Is Now for Stars and Hopefuls

By ROB HUGHES
A look at a few of the gifted players who will take the stage beginning Friday in soccer's Euro 2012.

Europe Brings Its Soccer Show East

By ROB HUGHES
UEFA and the co-hosts, Poland and Ukraine, hope their daring gamble to stage Euro 2012 in the two ex-Soviet bloc nations pays off.
U.S. NEWS

Wisconsin Vote Underscores Challenges for Democrats

By MICHAEL D. SHEAR
The campaign to oust Gov. Scott Walker was heavily aided by President Obama's party, campaign and labor allies, but fell short against a well-funded and organized Republican apparatus.

Mysterious Buddhist Retreat in the Desert Ends in a Grisly Death

By FERNANDA SANTOS
After having been expelled from a retreat in Arizona, Ian Thorson, was found dead in a cave nearby, and his wife, Christie McNally was found thirsty and delirious.

Same-Sex Marriage Issue Moves Closer to Justices

By ETHAN BRONNER
The decision by a federal appeals court in California increased the likelihood that the Supreme Court will weigh in on the issue.
OPINION
Op-Ed Contributor

You Say Defense, We See Threat

By NIKOLAI KORCHUNOV
For Russia, even the limited current deployments of NATO missile-defense elements are worrying.
Latitude

Chairman Mao, in Their Own Hand

By ERIC ABRAHAMSEN
That China's literati can be so blasé about their role in politics is a reminder of the dangers of optimism about the progress of freedom.
Op-Ed Columnist

What the Locusts Ate

By THOMAS L. FRIEDMAN
Europe, the United States, China and the Arab world have all squandered huge dividends, and digging out of their respective holes won't be easy.

SEC | Administrative Procedings: updates about Administrative proceedings from the Securities Exchange Commission.


Updates can be found in the following links


06/06/2012 05:36 PM EDT
 
06/06/2012 05:36 PM EDT

SEC | Administrative Law Judges: Rulings Noteworthy

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ALJ Orders:
Administrative Law Judges

The Office of Administrative Law Judges considers the following rulings noteworthy.
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DealBooK | DealB%K Afternoon Edition: Nasdaq Sets Aside $40 Million to Settle Facebook Trading Claims


Wednesday, June 6, 2012
TOP STORY
Nasdaq Sets Aside $40 Million to Settle Facebook Trading Claims The Nasdaq OMX Group plans to set aside up to $40 million to settle disputes by investors over issues caused by technical glitches in Facebook's initial public offering.
TOP STORY
Nasdaq Sets Aside $40 Million to Settle Facebook Trading Claims The Nasdaq OMX Group plans to set aside up to $40 million to settle disputes by investors over issues caused by technical glitches in Facebook's initial public offering.
  • DEALBOOK »
  •  
    DEALBOOK HIGHLIGHTS
    Battle Lines Over Volcker Rule Are Revisited at JPMorgan Hearing Lawmakers on the Senate Banking Committee questioned the bank's primary regulators about how the trading blunder would affect the outcome of Wall Street regulation.
    Kenneth Cole's Board Approves Management Buyout The board of Kenneth Cole Productions said on Wednesday that it had accepted a takeover offer by the shoe and clothing maker's founder of $15.25 a share, or about $279 million.
    Lending Club Reaps $15 Million From Kleiner Perkins The peer-to-peer start-up Lending Club has secured a $15 million investment from Kleiner Perkins Caufield & Byers. And Mary Meeker, a former top Internet analyst at Morgan Stanley and now a partner at Kleiner Perkins, will join the board.
    True Ventures Raises $205 Million Fund True Ventures, a firm that focuses on early stage venture capital, has closed a new fund, despite continuing challenges in the broader industry.
    Battered Man Group Shares Get a Boost Citigroup analysts give the stock a buy rating based on valuation and the belief that the worst could be over for the giant hedge fund manager.
    White Collar Watch: Assessing a Case Against MF Global Executives Peter J. Henning says that an analysis of the mismanagement of MF Global provides a damaging look at how the firm was pushed to collapse, but whether prosecutors have enough to pursue criminal charges is a different question.
    Barclays Unit to Buy South African Retail Credit Business for $1.2 Billion The Absa Group, a South African subsidiary of Barclays, has agreed to buy the retail credit business of Edcon, an African store chain owned by Bain Capital.
    Morgan Stanley and Blackstone to Buy Australian Real Estate Assets A joint venture owned by the two firms has agreed to acquire a $1.25 billion portfolio of troubled Australian commercial real estate loans at a major discount from the Lloyds Banking Group of Britain.
    • DEALBOOK »
    • BUZZ TRACKER
      Meet Ponzify, the Next Hot Tech I.P.O. Facebook is so last month. The new hot thing in Silicon Valley is apparently Ponzify, writes John Flowers of McSweeney's. In his satirical take on a prospectus, Mr. Flowers pokes fun at the recent string of technology offerings, with plenty of jabs for Facebook, Groupon and Zynga. "Our primary measurement of revenue is a non-GAAP accounting principle known as Adjusted Consolidated Assumed Income (ACAI)," Mr. Flowers writes.
      Executive Steps Down From Lampert's Hedge Fund Edward S. Lampert's hedge fund, ESL Investments, has moved to Miami from Greenwich, Conn., but its president will not be going with the firm, Bloomberg News reports. William C. Crowley, who had been president and chief operating officer of ESL, which controls Sears Holdings, has decided not to relocate, ESL said in a regulatory filing.
      LOOKING AHEAD
      Economic Reports Data released on Thursday will include consumer credit for April and weekly unemployment claims.
      Corporate Earnings Companies scheduled to report results on Thursday include Navistar International.
      In the United States Ben S. Bernanke, the Federal Reserve chairman, will testify on Thursday before the Joint Economic Committee about the economic outlook.
       

NYT Afternoon Business News: As Wireless Spectrum Is Squeezed, Sharing Is Seen as Solution



BUSINESS

As Wireless Spectrum Is Squeezed, Sharing Is Seen as Solution

By BRIAN X. CHEN
Technology that allows the sharing of frequencies is getting new backing as smartphones and tablets put greater demand on the radio spectrum.

Stocks Jump After Central Bank Officials' Remarks

By CHRISTINE HAUSER
The New York rally followed European markets, even after the European Central Bank left its main interest rate unchanged.

Europe Is Ready With Aid for Spanish Banks, France Says

By DAVID JOLLY
Pierre Moscovici said the euro zone could "mobilize rapidly" to help Spain, but the country's economy minister said there were no immediate plans to ask for a bailout.
DealBook

Nasdaq Sets Aside $40 Million to Settle Facebook Trading Claims

By MICHAEL J. DE LA MERCED
The Nasdaq OMX Group plans to set aside up to $40 million to settle disputes by investors over issues caused by technical glitches in Facebook's initial public offering.
DealBook

Battle Lines Over Volcker Rule Are Revisited at JPMorgan Hearing

By BEN PROTESS
Lawmakers on the Senate Banking Committee questioned the bank's primary regulators about how the trading blunder would affect the outcome of Wall Street regulation.

Stocks and Markets in the News | Wall street at Close: Chesapeake up on deal talk, energy stocks jump

Chesapeake up on deal talk, energy stocks jump A triple-digit advance by the Dow Jones Industrial Average ignites gains across the energy sector, while Chesapeake Energy Corp. rises on a report it is in talks to sell its pipeline unit for $4 billion. 

CBS NEWS | Political Hotsheet Top Stories: Biden says Ryan budget would be "devastating"

The CBS News Political Hotsheet newsletter
CBS POLITICAL HOTSHEET TOP STORIES



Vice president attacks GOP plans for the economy during campaign stop in North Carolina
Read full story
Biden says Ryan budget would be

Pot politics and more swing state news Could marijuana enthusiasts tip the electoral scales in Colorado this November? Will Florida's voter purge be upheld?

Summers backs extension of Bush tax cuts President Obama's former economic adviser complicates the White House argument that taxes on wealthiest should go up

4 non-Wisconsin takeaways from Tuesday primaries The big news on Tuesday was Scott Walker's recall victory - but here's what you need to know about the night's primary contests

After Wis. loss, Barrett supporter slaps him Following his defeat to Gov. Scott Walker on Tuesday, a Tom Barrett supporter slugged him for conceding

MarketWatch | Personal Finance Daily:


By MarketWatch
Don’t miss these top stories:
Robert Powell writes in his Your Portfolio column today that it would be easy to follow the herd of investors selling stocks and buying bonds in the face of uncertainty and economic weakness in Europe and the U.S. But wait. Given stretched valuations on equities and indicators that point to gains for the S&P 500, some financial advisers are really bullish, and they offer five good reasons to buy stocks now.
Also on MarketWatch today, Mark Hulbert analyzes high quality, profitable companies and comes to the conclusion that the market is undervalued. He notes that the data don’t reassure us that it’s as undervalued as it was on previous historic buying opportunities. But, he writes, it is good to know that the gravitational pull exerted by this long-term data set is toward higher rather than lower prices.
Anne Stanley , Managing Editor, Personal Finance

Five reasons to buy stocks now

Don’t join the herd investors selling stocks and buying bonds. Instead, here are five reasons these bullish investment advisers are buying equities.
Read more: Five reasons to buy stocks now.

Credit unions offer consumer choices

While many are focused on the safety of America’s banks, there’s a separate group of financial institutions—credit unions—that offer an alternative to consumers and small businesses.
Read more: Credit unions offer consumer choices.

INVESTING

Second-quarter tech earnings headed lower

When the broader market dives in May, it’s usually a sign that stock investors are becoming less optimistic about the economy—and corporate earnings—in the second half of the year.
Read more: Second-quarter tech earnings headed lower.

5 ways to trade Europe’s game of chicken

Europe will figure out a way to keep the euro on life support, for a while. Before the fix unravels again, there will be plenty of trading opportunities for smart investors.
Read more: 5 ways to trade Europe’s game of chicken. 
 
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GATA | THE GATA DISPATCH: Russian central bank won't answer gold questions.

Russian central bank won't answer gold questions

8:43a PT Wednesday, June 6, 2012

If you doubt that national gold reserves, far from being quaint antiques, are assets even more strategic than nuclear weapons, and if you doubt that the gold market, far from being just another commodity market like soybeans, is actually the primary battlefield of a world war, the currency war, consider the questions recently put to the Bank of Russia by our friend the German freelance journalist Lars Schall, and the Bank of Russia's refusal to answer this week.

Schall's questions well might be put to any central bank and probably would evoke the same refusals to answer. On any planet with actual financial journalism, a news story might be found in this secrecy and certain conclusions drawn from it. Instead when it comes to gold the financial news media settle for comment from supposed market analysts, taking for granted that the market's biggest actors are not to be pressed for answers and not even mentioned if mentioning them can be avoided.

All this constitutes another proof of a heavily manipulated market, even as such manipulation is denied by market analysts whose next question to central banks will be their first.
Schall's report is headlined "Central Bank of Russia Refuses to Comment on Gold Questions" and it's posted at his Internet site here:

http://www.larsschall.com/2012/06/06/central-bank-of-russia-refuses-to-c...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

BIV NEWS | Coastal First Nations and Métis slam Enbridge equity agreement figures.




Mining and Energy

Coastal First Nations and Métis slam Enbridge equity agreement figures

Coastal First Nations are contesting a claim by Enbridge Inc. that the company has signed equity agreements with 60% of the First Nations along the proposed B.C. and Alberta route of the Northern Gateway Pipeline Project.

Westport and Caterpillar to power heavy equipment with natural gas

Vancouver's Westport Innovations Inc. announced June 5 that it is partnering with Caterpillar Inc. to develop natural gas technology for off-road equipment, including mining trucks and locomotives, which typically use diesel fuel.

Hospitality and Tourism

 

Tourism Richmond announces winner in food blogging marketing strategy

Tourism Richmond yesterday named Vancouver’s Lindsay Anderson as the winner of its contest to be a food blogger who will live in and tweet about Richmond’s restaurants every day for the next year.

Politics and Policy

Premier’s dinner “most successful in history”: Liberals

The BC Liberal Party is touting last night’s Premier’s dinner as an indication that the struggling party can yet prevail in an election.

Technology

 

PEER 1 to acquire U.K. company for US$38.5m

Vancouver-based IT infrastructure company PEER 1 Network Enterprises Inc. this morning announced an agreement to acquire U.K.-based hosting company NetBenefit Ltd. for approximately $US38.5 million.

Real Estate and Development

Metro Vancouver home sales stall as listings rise

Home sales across Metro Vancouver are sluggish and listings are rising, according to the latest Real Estate Board of Greater Vancouver statistics.