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Jun 2, 2013

Murphy's special weekend 'Midas' commentary at LeMetropole Cafe posted in the clear: GATA I THE GATA DISPATCH; June 2, 2013.

Murphy's special weekend 'Midas' commentary at LeMetropole Cafe posted in the clear

9:29p ET Sunday, June 2, 2013

GATA Chairman Bill Murphy's special weekend "Midas" commentary about the gold and silver markets, taken from his proprietary Internet site, LeMetropoleCafe.com, has been posted in the clear at GoldSeek here --

http://news.goldseek.com/LemetropoleCafe/1370188800.php

-- and at Turd Ferguson's Internet site, TFMetalsReport.com, since it draws heavily on Ferguson's own recent analysis:

http://www.tfmetalsreport.com/blog/4753/guest-post-bill-murphy-adds-turd...

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

Asian markets news at the time; by MarketWatch, June 02, 2013.

Asia

Taiwan manufacturing swings to contraction LOS ANGELES (MarketWatch) -- Taiwan's manufacting activity swung to a solid contraction in May, according to data out Monday from HSBC and Markit. The HSBC Taiwan manufacturing Purchasing Managers' Index dropped to 47.1 from April's 50.7, falling below the 50 mark which divides expansion from contraction. The drop was the first since November, with the sub-index for new orders showing the first decrease in five months and new export orders falling for the first time in six months. HSBC economist Donna Kwok said: "Taiwan manufacturers' descent into contraction mirrors what took place last summer, although client demand is deteriorating at a faster pace this time, both at home and abroad." Taiwan's benchmark Taiex stock index was down 0.8% after the data.  
 
Fed's Yellen open to doing more on too-big-to-fail WASHINGTON (MarketWatch) - There could be scope for more action from Washington address the too-big-to-fail problem, said Federal Reserve Vice Chairman Janet Yellen on Sunday. "I am not convinced that the existing systemically important financial institution regulatory work plan, which moves in the right direction, goes far enough," Yellen said in remarks at an international central bank conference in Shanghai. Yellen, considered a leading candidate to replace Fed Chief Ben Bernanke if he leaves at the end of his term next January, said she did not support "blunt approaches" like imposing bank size limits or the resurrection of Glass-Steagall-style separation of commercial banking from investment banking. Instead, she backed suggestions from other Fed officials, including Fed governor Daniel Tarullo, that steeper capital surcharges could be placed on firms that pose the greatest risk to financial stability. Yellen also called on policymakers around the world to find solutions to the "thorny" cross-border obstacles that have slowed plans to handle the failure of a globally systemic financial firm.  
 
Hong Kong gains in choppy trade before China data HONG KONG (MarketWatch) -- Hong Kong stocks edged higher Monday in choppy trade as investors awaited the final result of HSBC's manufacturing survey for China. The Hang Seng Index rose 0.4% to 22,469.39 and the Hang Seng China Enterprises Index added 0.5% to 10,657.09, after both opened lower. The gains tracked a modest 0.2% advance for the Shanghai Composite , after an official Purchasing Managers' Index gauge released over the weekend showed a better-than-expected reading of 50.8 in May, up from 50.6 in April. The gains came minutes ahead of the release of HSBC's PMI data, after a preliminary reading of the survey showed the PMI dropping to a seven-month low of 49.6 in May, compared with 50.4 in April. A reading below 50 shows a contraction in manufacturing activity. Among notable stock movers in Hong Kong, China Overseas Land & Investment Ltd. and China Resources Land Ltd. climbed 0.7% and 0.4%, respectively. Energy producer Cnooc Ltd. rose 1.6%, shrugging off a steep drop in crude-oil prices.

The Geezers Are All Right; by Paul Krugman: The New York times: ALERTS FGC BOLSA - FGC FINANCIAL MARKETS; June 2, 2013.

ALERTS

FGC BOLSA- FGC FIN

Compiled: June 2, 2013 09:38:52 PM

 

 

 

 

Op-Ed Columnist

The Geezers Are All Right
News flash: Social Security and Medicare aren’t doomed!

 

US Health Officials Prepare for Sars-Like Virus's Arrival: ABC News; June 2, 2013.

This week's market commentary videos and intraday myths exposed by Nick McDonald: Trade With Precision I The Week Ahead, June 02, 2013:



Nick McDonald provides an outlook for the week ahead on currency and equity markets.

Watch this week's market commentary videos

CNBC International Top News and Analysis at the time for June 02, 2013.




More

  • Some Look to Norway as Model for US Oil Bounty Sunday, 2 Jun 2013 | 1:33 PM ET
    State control of natural resources tends to evoke images of authoritarian countries, yet the most oft-cited example for the U.S. is Norway.
  • Europe's Austerity Revolt Forces Easing on Cuts Sunday, 2 Jun 2013 | 4:29 AM ET
    Protesters try to move crash barriers as police use pepper spray to stop them outside the European Central Bank in Frankfurt.
    Faced with soaring unemployment, deepening recession, and a widening political backlash, European officials are easing up on two-year-old demands for painful budget cuts.
  • US, China Agree to Hold Regular Talks on Hacking Sunday, 2 Jun 2013 | 12:06 AM ET
    The U.S. and China have agreed to hold regular talks on cybersecurity behavior, the first diplomatic effort to defuse tensions over what the U.S. says is a daily barrage of computer break-ins. The NYT reports.

As Syrians Fight, Sectarian Strife Infects Mideast: The New York Times Global Update; June 02, 2013.



June 2, 2013
Compiled 20:45 GMT

Global Update 

 

 

TOP NEWS

As Syrians Fight, Sectarian Strife Infects Mideast

By TIM ARANGO, ANNE BARNARD and DURAID ADNAN
The war is setting off a contagious sectarian conflict in Iraq and Lebanon, rekindling long-simmering tensions.
The Caucus

McCain Says Assad Has Gained the 'Upper Hand' in Syria

By BRIAN KNOWLTON
Senator John McCain, back from a surprise trip to Syria, offered his bleakest assessment yet of the hostilities there, saying that President Bashar al-Assad, with growing outside backing, was beginning to tighten his grip on power.
DealBook

In China, Concern of a Chill on Foreign Investments

By NEIL GOUGH
A ruling by the top court is one of a number of recent signals that China's long-assumed tolerance for foreign investment may be on the wane.
Travel

Slide Show: Into India's Himalayas

Hiking among pilgrims and towering peaks on the way to two special sites.
Opinion

Opinion

China's Economic Empire

By HERIBERTO ARAÚJO and JUAN PABLO CARDENAL
The biggest threat from Beijing is the aggressive spread of state capitalism.
WORLD

Sunni Cleric Issues Appeal for World's Muslims to Help Syrian Rebels

By ANNE BARNARD and HWAIDA SAAD
Sheik Yusef al-Qaradawi, an Egyptian based in Qatar, has been called an extremist by Syrian authorities but has been influential in the uprising.

Police Retreat as Protests Expand Through Turkey

By TIM ARANGO
While the protest began over plans to destroy a park, for many demonstrators it had moved beyond that to become a broad rebuke to the 10-year leadership of Prime Minister Recep Tayyip Erdogan.

U.S. and China Agree to Hold Regular Talks on Hacking

By DAVID E. SANGER and MARK LANDLER
The United States hopes the dialogue can help set norms and end what it says is a daily barrage of computer break-ins and theft of corporate and government secrets by Chinese hackers.
BUSINESS

This Man Is Not a Cyborg. Yet.

By DAVID SEGAL
The Russian multimillionaire Dmitry Itskov wants us all to live forever, our minds inside avatars. And he is spending a bundle to try to make his colossal dream happen.

F.D.A. Looks to Reconsider Restrictions on Diabetes Drug

By KATIE THOMAS and SABRINA TAVERNISE
In a highly unusual move, the agency has decided to reopen the case on Avandia and will ask a committee whether to reconsider the restrictions on the drug.

Pugnacious Builder of the Business Lobby

By SHERYL GAY STOLBERG
In 16 years, Thomas Donohue has transformed the U.S. Chamber of Commerce into a lobbying powerhouse - and into a much more political animal.
TECHNOLOGY

E-Book Antitrust Trial of Apple Is Set to Begin

By BRIAN X. CHEN and JULIE BOSMAN
The Justice Department's lawsuit that accuses Apple of colluding with publishers to raise e-book prices will begin in United States District Court.

Apple Is Said to Be Pressing for Internet Radio Deals

By BEN SISARIO
The tech giant is said to be aiming for an introduction of its streaming music service at its annual developers conference, starting June 10.
SPORTS

A Round of Send-Offs, Both Bitter and Sweet

By ROB HUGHES
The most emotional farewell of them all was for Éric Abidal, who played his last game for Barcelona after returning from a liver transplant.

Game Heats Up as Lions Down Barbarians

By EMMA STONEY
It wasn't the eight tries scored in the British and Irish Lions' 59-8 victory over the Barbarians that fans or the players will remember, rather it will be Hong Kong's energy-sapping temperature and humidity.
On Tennis

Youth Coach Helped Djokovic Fulfill Many of His Hopes

By CHRISTOPHER CLAREY
Novak Djokovic learned about the death of his former coach, Jelena Gencic, after winning his French Open match in Paris on Saturday.
U.S. NEWS

Fracking Tests Ties Between California 'Oil and Ag' Interests

By NORIMITSU ONISHI
Hydraulic fracturing is creating competition for water and threatening its contamination in a part of the state where oilmen and farmers have coexisted peacefully for decades.

Deadly Storms in Oklahoma Bring Flooding and More Tornadoes

By MANNY FERNANDEZ and MARC SANTORA
A storm on Friday set off tornadoes and severe flooding, causing widespread damage around the region and claiming at least nine victims, including two children.

Single-Minded Mission to Block an Immigration Bill

By JULIA PRESTON
Chris Crane, a deportation officer who leads the union of immigration enforcement agents, has made it his mission to stop a bipartisan bill to overhaul the immigration system.
OPINION
Op-Ed Contributor

What Happened to the Hague Tribunal?

By ERIC GORDY
Why are people who directed large covert enterprises to commit crimes in the former Yugoslavia now being exonerated?
Opinion

How to Play Well With China

By IAN BREMMER and JON M. HUNTSMAN Jr.
China is every bit as exceptionalist as America. And each side has to know what the other can't do.
Op-Ed Columnist

Prisoners of the Euro

By ROSS DOUTHAT
With Europe's unemployment, how long can the center continue to hold?