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Jul 26, 2014

GATA | THE GATA DISPATCHES - July 26, 2014: Arensberg: Goldman's scare tactics failing; Maguire: Smashdowns spur offtake | Deutsche Bank, HSBC accused of silver fix manipulation.

Arensberg: Goldman's scare tactics failing; Maguire: Smashdowns spur offtake

Submitted by cpowell on 12:00PM ET Saturday, July 26, 2014. Section: Daily Dispatches
3p ET Saturday, July 26, 2014
Dear Friend of GATA and Gold:
The Got Gold Report's Gene Arensberg writes today that Goldman Sachs' bearish calls on gold don't seem to be achieving much traction. Goldman and other big shorts in the monetary metals remain very vulnerable to a squeeze, Arensberg writes. His commentary is headlined "Goldman's Bearish Gold Call Tired, Comex Swap Dealers Squeeze-Vulnerable" and it's posted at the GGR here:
Meanwhile at King World News, London metals trader Andrew Maguire says government agencies continue to bid stealthily for gold whenever the gold cartel tries smashing the paper price:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


Deutsche Bank, HSBC accused of silver fix manipulation

Submitted by cpowell on Saturday, July 26, 2014.
By Patricia Hurtado
Bloomberg News
Saturday, July 26, 2014
NEW YORK -- Deutsche Bank, HSBC Holdings, and Bank of Nova Scotia were accused in a lawsuit of rigging the price of billions of dollars in silver, an allegation similar to earlier suits involving the London gold fix.
The banks unlawfully manipulated the price of the metal and its derivatives, an investor claims in a complaint filed yesterday in federal court in Manhattan. The banks abused their position of controlling the daily silver fix to reap illegitimate profit from trading, hurting other investors in the silver market who use the benchmark in billions of dollars of transactions, according to the suit.
"The extreme level of secrecy creates an environment that is ripe for manipulation," according to the complaint. "Defendants have a strong financial incentive to establish positions in both physical silver and silver derivatives prior to the public release of silver fixing results, allowing them to reap large illegitimate profits." ...
... For the remainder of the story:

Bloomberg | Share The View - July 26, 2014: Re-View. Maria LaMagna.

A quick look at Bloomberg News's opinion section
July 26, 2014For more, visit»

Maria LaMagna: "This was a week of surprises. The good: Paul Ryan surprised us with his new anti-poverty plan, and it's pretty ambitious. The bad: Hamas might have even more perverted tactics than we thought. Catch up on the other surprising news, good and bad, you missed this week." Read more...


Matt Levine: "Coincidence or not, ever since 'Flash Boys' came out four months ago, alleging that U.S. equity markets are rigged by high-frequency traders and crooked dark-pool operators, there's been a whole lot of regulatory attention paid to high-frequency traders and crooked dark-pool operators in U.S. equity markets. ... Here's another one! It's a $5 million SEC settlement with LavaFlow Inc., a big stock trading venue owned by Citigroup." Read more...  


Adam Minter: Who, at this point, wants to fly Malaysia Airlines? "I do. In fact, I regularly fly Malaysia Airlines and have two reservations on the carrier (one actually on a subsidiary) for later this year." Read more...  


Leonid Bershidsky: "The $126 million loss Inc. reported for the second quarter of 2014 is no big deal: With more than $80 billion in annual revenue, the company can easily turn that around. What's irritating is how little it is telling its shareholders about the performance of the investments into which it is putting their money." Read more... 


Megan McArdle: "Wal-Mart Stores Inc. has appointed a new U.S. chief executive officer. It's an unusual time for a retailer to do a management shake-up, what with back-to-school right around the corner, and Christmas just a few doors further down. But Wal-Mart's same-store sales growth has been sluggish, and shareholders presumably wanted a change." Read more... 


@jbplainblog (Jonathan Bernstein): Lawsuits, Bill-Writing, and Sabotage: Why Obamacare is different? It's not the bill. Read more...  

NYT | Latest on Middle East Crisis - July 26, 2014: Israel Agrees to Extension of Cease-Fire, but Hamas Balks

Israel Agrees to Extension of Cease-Fire, but Hamas Balks

Hamas rejected the extension of the humanitarian lull for 24 hours, and Israel said it would continue to destroy tunnels from Gaza into its territory.

YouTube | RT Keiser Report -July 26, 2014: Dumb Money (E632).

RT has uploaded Keiser Report: Dumb Money (E632)

Keiser Report: Dumb Money (E632)
In this episode of the Keiser Report, Max Keiser and Stacy Herbert with a double header discussing the ‘dumb money’ piling into markets just as the Spectator’s cover story reads: “The Next Crash: We could be on the brink of another financial crisis.” Max and Stacy read through the piece in shock at the obvious signs of misallocation of wealth while chasing dumb bubbles - including a P/E ratio now at 25.6 compared to a historic norm of 16.5. In the second half, they examine more misallocation of wealth as the US spends an additional $1 trillion annually on healthcare compared to if they spent the same percentage of GDP as the next most expensive country, the Netherlands. While overspending by $1 trillion, the energy grid has the most blackouts of any developed nation and yet less than half a trillion could replace the dumb, old grid with a smart, new one. 

YouTube I Al Jazeera English.- Murdoch's Time Warner gamble: What is at stake?

Al Jazeera English has uploaded Murdoch's Time Warner gamble: What is at stake?

Murdoch's Time Warner gamble: What is at stake?

Al Jazeera English 

Rupert Murdoch, the 83-year-old media tycoon, just proved he still has the power, the sway and the influence to completely shake up the media world. His company 21st Century Fox offered to buy Time Warner Inc, the owner of the original 24-hour news channel CNN, HBO, and the Warner Brothers film studios, for more than $75m - a move that would unite two of the world's most powerful media conglomerates. But US media giant Time Warner has rejected the $85 per share offer, so if Murdoch wants success, he may well need to increase his offer up to $100 per share. So, what is driving Murdoch? How can he win his takeover bid? And how would the takeover of Time Warner reshape the media landscape? On Counting the Cost we talk to Claire Enders, the founder of Enders Analysis, a telecoms, media and technology firm, and explore the ramifications of Fox's bid for Time Warner. Also on Counting the Cost: Africa aid: Who is helping who? And Malaysia Airlines: How many shocks can one airline handle?

NYT I Today's Headlines - July 26, 2014 - Top News - Russia Steps Up Help for Rebels in Ukraine War.

The New York Times Most Popular | Video |

Today's Headlines

Saturday, July 26, 2014

Top News
Ukrainian troops in Semenovka, a village in the Donetsk region, on Friday. The United States said Russia had deployed high-powered Tornado rocket launchers.
Russia Steps Up Help for Rebels in Ukraine War


Russia has accelerated its intervention, moving more of its own troops to its border with Ukraine, American and Ukrainian officials said on Friday.
A military base in Stare Kiejkuty, Poland, which was a suspected location for the C.I.A.'s detentions and interrogations.
Ex-Chief of C.I.A. Shapes Response to Detention Report


George J. Tenet, the former C.I.A. director, has been quietly engineering a counterattack against a Senate panel's finding that officials misled Congress about an interrogation program.
Ron Dermer, Israel's ambassador to the United States.
Israel's Outspoken Envoy Is Wise to U.S. Ways


Ambassador Ron Dermer, a former American citizen, has such a close relationship to Prime Minister Benjamin Netanyahu of Israel that he has been called "Bibi's brain."
For more top news, go to »
Editors' Picks


Peace Corps Volunteers in Their Own Words
To reflect the diversity of experiences in the Peace Corps, The Times asked recent volunteers to share stories about their service.

OPINION | Op-Ed Contributor

Why the Border Crisis Is a Myth


Cities are dealing with immigration, even if politicians can't.


"We want to be the place where the vegan can come for the portobello burger with almond-milk cheese, with the Neanderthal friend who just wants a really good cheeseburger."
MIKE DONAHUE, a cofounder of LYFE Kitchen restaurants, which keep all entrees under 600 calories.
Today's Video
Video Video: Rescuing Creatures for Good Karma
Buddhist devotees in Yushu, China, rescue tiny river fish from riverbanks as an expression of the Buddhist reverence for all forms of life and as a gesture to help in their next life.
. Related Article
Video Video: Challenges of the City Chicken
Robert McMinn, an urban homesteader in New York City, worked to be sure his neighbors and landlords were happy with his chickens.
. Related Article
Video Video: Peach Crumble Slab Pie
Melissa Clark makes a delicious deep-dish dessert with fresh peaches that is equal parts crumble and pie.
. Related Article
For more video, go to »
A Syrian Rebel Advance Off the Battlefield: A Longer-Lasting Battery for Missiles


A Syrian rebel has devised a rechargeable battery for the SA-7b, a shoulder-fired missile system - a development that one missile proliferation analyst described as "extremely worrisome."
A sniffer dog in Herat on Thursday checked ballot boxes to be flown to Kabul as part of Afghanistan's audit of last month's presidential runoff election.
Political Divisions Threaten Kerry-Brokered Agreement in Afghanistan


The deal that Secretary of State John Kerry reached in Afghanistan two weeks ago appeared in trouble as rival presidential candidates revealed serious differences.
A Tibetan woman in Yushu, China, used a spoon and a plastic bucket to rescue tiny shrimp stuck in mud along the shore of the Batang River.
In Scarred Chinese Tibetan City, Devotion to Sanctity of Life


In Yushu, Buddhists demonstrate a reverence for all living beings - even a tiny river shrimp that some believe could be the reincarnated souls of loved ones who died in an earthquake in 2010.
For more world news, go to »
Hold the Regret? Fast Food Seeks Virtuous Side


Several small restaurant chains that have reported impressive earnings, like Tender Greens, LYFE Kitchen and SweetGreen, offer organic, grass-fed, even vegan dishes.
A training exercise led by Tony Lambraia, right, at the annual meeting of the National Association of School Resource Officers last week.
Shootings Redefine Beat of School Police Officers


Radical shifts in tactics have swept the field, - calling on officers to rush toward shooters without backup if necessary.
A Border Patrol agent with a 13-year-old Salvadoran who had crossed the Rio Grande into Texas.
Most Migrant Children Entering U.S. Are Now With Relatives, Data Show


Officials said more than half of all children initially placed in shelters have gone on to be reunited with at least one parent already living in the United States.
. Graphic: Children at the Border
Senator Rand Paul, Republican of Kentucky, drew a small crowd Friday at the National Urban League Conference in Cincinnati.
Rand Paul Stands Out in Courting Black Voters


The Kentucky senator, taking heed of lessons for the Republican Party in 2012, made his pitch at a National Urban League Conference.
President Obama met with, from left, Presidents Salvador Sánchez Cerén, Otto Pérez Molina and Juan Orlando Hernández.
Obama Presses Central American Leaders to Slow a Wave of Child Migrants


The president met with three Central American presidents as he pushes Congress to approve more money and resources to address the issue along the United States border with Mexico.
Many voters in Butte, Mont., are taking a wait-and-see attitude about allegations facing Senator John Walsh, a Democrat.
Plagiarism Scandal Tests a Senator Still Forming a Rapport With Montanans


Many voters in Montana seem to be taking a wait-and-see attitude as they judge the future of Senator John Walsh, a Democrat accused of plagiarizing a paper he submitted to the United States Army War College.
For more political news, go to »
A handful of start-ups in India have begun to use technology to more easily connect auto-rickshaw drivers with customers - a twist to Uber and Lyft, the taxi-hailing apps.
Text and Ride in India


In a country with heavy traffic congestion and poor public transportation, companies are finding new ways to better connect drivers and passengers.
The deals would allow BSkyB to offer premium sports and movie services to roughly 20 million customers from Ireland to Italy.


BSkyB to Buy Italian and German Units of Murdoch's 21st Century Fox


The sale of 21st Century Fox's European assets could provide the company with extra financial firepower to make a potential renewed offer for Time Warner.

Common Sense

When Media Mergers Limit More Than Competition


Antitrust experts said that a merger of 21st Century Fox and Time Warner Inc. posed far more serious regulatory issues than Comcast's acquisition of NBCUniversal.
For more business news, go to »
Sorted Food, a Cooking Channel, Is a YouTube Hit


Recipe exchanges in a British pub have expanded into one of the most popular cooking channels on YouTube.
Unlocking cellphones helps people to switch wireless carriers more easily.

Bits Blog

Bill to Legalize Unlocking Cellphones Passes Congress


On Friday, the House of Representatives passed a bill that will make it legal for consumers to open the digital locks on their cellphones so that they can more easily switch wireless carriers.
Jeff Bezos, the chief of Amazon, whose Amazon Web Services hosts the biggest corporate names in its public cloud.

Bits Blog

Challenges for Amazon's Cloud Computing Hopes


Amazon Web Services, the company's Internet computing service, declined in quarterly revenue. The company blamed competition from Google, but there may be more to the story.
For more technology news, go to »
Robinson Cano, who left the Yankees in the off-season to much criticism, has helped Seattle become a contender.

Sports of The Times

For Cano, a Soft Landing in Seattle


Robinson Cano's power numbers are down, but his batting average is up with the offensively challenged Mariners.
Jets quarterbacks Michael Vick, left, and Geno Smith, right, with the media assistant Jared Winley.

Sports of The Times

Vick Teaches Smith Virtually and in Reality


The Jets' major story line of the summer will be Geno Smith's performance at quarterback and his relationship with Michael Vick, who first made an impression on him in a video game.
. On Pro Football: Who Says the Jets Are Geno Smith's Team? His Teammates
Chris Bosh, center, and LeBron James, right, looked beyond the game in evaluating a new team.


Before Signing, Big Stars Seek a Prize Beyond Fortune and Glory


Free agents usually make a choice between wages and wins, but this year some of the game's biggest stars made their decisions about a new team in a more nuanced fashion.
For more sports news, go to »
The Greek tragedy

Critic's Notebook

Passions Running to Art, or Infanticide


Three plays with particularly passionate women are running in London: "Medea," "Bakersfield Mist" (with Kathleen Turner) and Noël Coward's "This Was a Man."
David Suchet in

Critic's Notebook

Fastidious Belgian Detective Bows Out


"Agatha Christie's Poirot" comes to an end, on PBS and online, leaving behind David Suchet's decades-long portrait of a detec
For more U.S. news, go to »