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Nov 17, 2012

GATA | THE GATA DISPATCH - November 17, 2012-:: GATA consultants Kirby and Turk appear on 'Keiser Report'

GATA consultants Kirby and Turk appear on 'Keiser Report'

4:20p ET Saturday, November 17, 2012

Dear Friend of GATA and Gold:

GATA consultants Rob Kirby of Kirby Analytics in Toronto and GoldMoney founder James Turk appeared this week on Max Keiser's program on the Russia Today network, "The Keiser Report," to discuss manipulation of the gold and silver markets. GATA figures heavily in the discussion. The program is 26
minutes long and its video is posted at YouTube here:

http://www.youtube.com/watch?v=H4IBUTHyROs

Kirby appears at 2:29, Turk at 12:58.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

GATA | THE GATA DISPATCH -November 17, 2012-: CFTC to challenge court ruling on position limits

CFTC to challenge court ruling on position limits

By Daniel P. Collins
Futures magazine, Chicago
Thursday, November 15, 2012

http://www.futuresmag.com/2012/11/15/cftc-to-challenge-court-ruling-on-p...

The Commodity Futures Trading Commission (CFTC) in a brief statement released Thursday afternoon confirmed that it would appeal a federal district court's decision vacating the commission's position limit rule.
The appeal was approved by a 3-2 vote, which was foreshadowed during the Futures Industry Association Expo conference in Chicago two weeks ago when Commissioner Mark Wetjen indicated that he would support an appeal and stated that commission attorneys felt it had a strong case. Chairman Gary Gensler and Commissioner Bart Chilton had already indicated support for an appeal.

Commissioner Scott O'Malia wrote a sharply worded and detailed dissent. In it O'Malia states, "When I voted against the commission's final position limit rule last November, I expressed dismay that the commission had failed to utilize its expertise to lay the necessary foundation for the establishment of position limits. A federal district court affirmed my reasoning in striking down the rule in September. Regrettably, instead of taking the opportunity to revise its flawed reading of the statute, the commission has decided to double down on its no-justification-needed stance by appealing the district court's ruling."

In announcing the appeal Chairman Gensler stated, "As part of the Dodd-Frank Act, Congress directed the commission to limit promptly speculative positions in physical commodity futures and options contracts and economically equivalent swaps. ... It is critically important that these position limits be established as Congress required. I support the commission's continued efforts to put in place position limits on speculative positions by appealing the September ruling."

O'Malia took issue with the way the commission proponents ignored the court's decision. "The court explicitly stated that the statute unambiguously requires a finding of necessity before establishing position limits," he wrote. "It went on to argue that subsequent parts of the statute are ambiguous. I continue to believe that the statute is crystal clear in calling for a necessity finding -- and that this should be the end of the discussion."

* * *

Join GATA here:
Vancouver Resource Investment Conference
Sunday-Monday, January 20 and 21, 2013
Vancouver Convention Centre West
Vancouver, British Columbia, Canada
http://www.cambridgehouse.com/event/vancouver-resource-investment-confer...



NYT Global Update -November 17, 2012-: Israel Broadens Its Bombing in Gaza to Include Government Sites

The New York Times International Herald Tribune
November 17, 2012
Compiled 21:45 GMT

Global Update



TOP NEWS

Israel Broadens Its Bombing in Gaza to Include Government Sites

By JODI RUDOREN and ISABEL KERSHNER
Israel expanded its four-day assault on Gaza on Saturday to the civilian political infrastructure, leveling the headquarters of the Hamas prime minister and striking police and security buildings.
News Analysis

A Test for Obama's 'Light Footprint'

By DAVID E. SANGER
The eruptions in the Middle East have posed perhaps the severest, most direct challenge yet to President Obama's signature foreign policy innovation.

As Battlefield Changes, Israel Takes Tougher Approach

By ETHAN BRONNER
Israel acknowledges that its dangerous world is growing more dangerous. For the country and most of its people, that means not concessions but toughness in pursuit of deterrence.
World

Photographs: Fighting Escalates Between Israel and Hamas

Palestinian militants fired rockets for the first time at Jerusalem on Friday in a new escalation of hostilities that came as Israel seemed to be edging closer to a ground assault on Gaza.
Opinion

Op-Ed Contributor

French Estrangements

By JOHN VINOCUR
There is an intensifying antagonism at the heart of French society from years of failed integration.
WORLD

Quiet Arrival of Sabbath in Jerusalem Is Disturbed by Wailing of Wartime Siren

By ISABEL KERSHNER
Residents of Jerusalem said Friday that they had felt largely immune from the current military operation, by virtue of the city's religious sites and its huge Palestinian population. Until they heard the wartime siren blaring.

U.S. Fears a Ground War in Gaza Could Hurt Israel and Help Hamas

By HELENE COOPER
President Obama has supported Israel's right to defend itself, but administration officials fear that escalating conflict could further damage the country's fragile standing in the region.

Diplomat on the Rise, Suddenly in Turbulence

By MARK LANDLER
Susan E. Rice, a blunt diplomat said to be a favored candidate for secretary of state, finds herself a bystander caught in the middle of a firestorm over the Benghazi attack.
BUSINESS

Privatizing Greece, Slowly but Not Surely

By LIZ ALDERMAN
As Greece redoubles its efforts to cut its debt and stoke its economy, privatization is viewed as a last hope for luring foreign cash. But the effort has been sputtering.
You for Sale

Your Online Attention, Bought in an Instant

By NATASHA SINGER
In split-second auctions, companies are jockeying for the chance to buy online ads geared to your specific tastes. But consumer advocates see a risk of a computer-generated class system.

Gas Boom County Strives for Economic Afterglow

By JOHN SCHWARTZ
Williamsport, Pa., and its surrounding area have made efforts to keep the benefits of the Marcellus Shale boom from evaporating in the event of a bust.
TECHNOLOGY
Novelties

When Robotic Surgery Leaves Just a Scratch

By ANNE EISENBERG
New robotic systems are allowing surgery with just a single incision, potentially accelerating the recovery time for patients.
Bits

Rounding Up Volunteers, via New Apps

By JENNA WORTHAM
After a disaster, it can be hard to sift through the hundreds of ways to donate time, money or supplies. In the aftermath of Hurricane Sandy, new apps and services aim to better organize the options.
Economic View

Applause for the Numbers Machine

By RICHARD H. THALER
In this election cycle, three groups deserve much admiration: people who run political polls, those who analyze the polls and those who figure out how to help campaigns connect with voters.
SPORTS

A Golf Club to Divide Them

By KAREN CROUSE
Victories with long putters by Ernie Els at the British Open and Guan Tianlang, 14, at the Asia-Pacific Amateur Championship have fueled debate over a possible ban.
Soccer Roundup

Mexican Tycoon Buys Majority Share in Real Oviedo

By THE ASSOCIATED PRESS
Carlos Slim Helú has agreed to invest $2.5 million in the third-tier team, which faced bankruptcy before a huge fund-raising effort by fans.
30 Seconds

With Dmitry Chernyshenko

By JASON STALLMAN
Dmitry Chernyshenko has returned to his hometown as the president and chief executive of the Sochi 2014 organizing committee.
U.S. NEWS

Counting the Days Till Marijuana's Legal

By KIRK JOHNSON
With Colorado and Washington legalizing the recreational use of marijuana, the Seattle police are using a blog post called "Marijwhatnow" to inform residents.

Suit Contests Limits on Online Activities of Sex Offenders

By NORIMITSU ONISHI
Under a new law passed by voters in California, sex offenders must inform the authorities of their e-mail addresses, user names and other Internet handles.

Former Aide to Giffords Wins Election to House

By EMMA G. FITZSIMMONS
The former chief of staff to Gabrielle Giffords, Ron Barber, had enough votes on Saturday to win the race for Arizona's Second Congressional District.
OPINION
Op-Ed Contributor

The Israel-Palestine Conflict Won't Go Away

By YOSSI ALPHER
The Gaza clash is a reminder that Obama's second term will have to deal with Israel and Palestine.
Op-Ed Columnist

Anybody Notice a Pattern?

By GAIL COLLINS
It appears that Mitt Romney was a terrible presidential candidate.
Op-Ed Columnist

Hacking General Petraeus

By JOE NOCERA
Why is David Petraeus's private life the business of the F.B.I. anyway?

NYT: ALERT FGC BOLSA - FGC FINANCIAL MARKETS -November 17, 2012-: Fiscal Cliff? Slope? Debtpocalypse? It Means Austerity




Alert Name: FGC BOLSA- FGC FIN
November 17, 2012 Compiled: 12:27 AM

Absent Congressional action, the country faces more than half a trillion dollars in tax increases and spending cuts next year.

Pete V. Domenici and Alice Rivlin offer a three-part plan to give the economy a lift.

Figures reported this week showed that industrial production in the euro zone fell 2.5 percent in September from the prior month, the largest monthly decline since January 2009. Production in Germany was off 2.1 percent.

The Federal Reserve said that Hurricane Sandy, which hit the East Coast at the end of October, cut output by nearly one percentage point.

Encouraging news from government budget talks halted morning losses, and trading ended with an advance for the first time in four days.