Search This Blog

Translate

Search Tool




Aug 13, 2014

Gerald Celente | Trends In The News: Sell Outs For Israel.

Gerald Celente - Trends In The News - "Sell Outs For Israel" - (8/11/14)



Published on Aug 13, 2014
"Israel bombs several mosques within Gaza over the weekend, NY Gov. Andrew Cuomo to visit Israel to “demonstrate solidarity” & Malaysia’s state newspaper charges US/Ukraine for shooting down Malaysian Airline MH-17. Did you hear about that in the American/European media? Didn’t think so."

Gerald Celente Interviews by Orv Graham on August 10 2014.




Published on Aug 13, 2014
Gerald talks about the latest economic trends and what's inside the summer Trends Journal.

London gold fix lawsuits to be consolidated in New York. GATA | THE GATA DISPATCH -August 13, 2014-.

London gold fix lawsuits to be consolidated in New York

Submitted by cpowell on  Wednesday, August 13, 2014.
By Andrew Longstreth
Reuters
Wednesday, August 13, 2014
A federal judicial panel on Wednesday ordered that 18 lawsuits alleging a conspiracy to manipulate gold prices be consolidated into one proceeding in New York.
The cases will be sent to U.S. District Judge Valerie Caproni in Manhattan, who has already been overseeing more than two dozen cases.
The lawsuits name the multinational banks that make up the London Gold Market Fixing Ltd, the company operating the global gold price benchmark known as the 'fix.' ...
... For the remainder of the report:

Join GATA here:
Casey Research 2014 Summit
Hill Country Resort and Spa
San Antonio, Texas
Friday-Sunday, September 19-21, 2014

SEC | Litigation Release - August 13,2014: Sage Advisory Group, LLC and Benjamin Lee Grant.



U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 23066 / August 13, 2014

Securities and Exchange Commission v. Sage Advisory Group, LLC and Benjamin Lee Grant, Civil Action No. 1: 10-cv-11665 (D. Mass. September 29, 2010)

Jury Returns Verdict Against Massachusetts Investment Adviser in SEC Fraud Case

The Securities and Exchange Commission announced that, on August 13, 2014, a federal court jury in Boston, Massachusetts, returned a verdict against registered investment adviser Sage Advisory Group, LLC, and its principal, Benjamin Lee Grant, both of Boston, MA, in a fraud case filed by the SEC.
In its complaint, filed on September 29, 2010, the Commission alleged that starting on or about October 4, 2005, Grant engaged in a scheme to induce his former brokerage customers to transfer their assets to Sage, his new advisory firm.
The Commission's complaint further alleged that prior to October 2005, Grant was a registered representative of broker-dealer Wedbush Morgan Securities and had customer accounts representing approximately $100 million in assets, virtually all of which were managed by California-based investment adviser First Wilshire Securities Management. According to the complaint, Grant resigned from Wedbush on September 30, 2005 so that he could operate Sage, his own investment advisory firm. In a letter dated October 4, 2005, Grant told his former Wedbush customers that, at the suggestion of First Wilshire, their accounts were being moved from Wedbush to a discount broker and that Sage had been formed to handle their investments. The complaint alleged that the letter told Grant's customers that the charge for their accounts was changing from a 1% management fee paid to First Wilshire plus Wedbush's brokerage commissions to a 2% "wrap fee" paid to Sage, and that First Wilshire had indicated that the wrap fee had been historically less expensive than the previous arrangement. According to the complaint, the letter also told Grant's customers that if they wanted to avoid any disruption in First Wilshire's management of their assets, they had to sign and return the new advisory and custodial account documents as soon as possible. According to the complaint, in subsequent communication with customers, Grant told them that First Wilshire was no longer willing to manage their assets at Wedbush and that they had to transfer to the discount broker and sign up with Sage.
The Commission contended that these statements were materially false and misleading because First Wilshire had not required a transfer from Wedbush, had not refused to continue managing the customers' assets at Wedbush, and had not authorized Grant's statements. Moreover, Grant's wrap fee statements were without factual basis. The complaint further alleged that Grant failed to disclose that the switch from Wedbush to the discount broker would result in significant savings that would flow to Grant and Sage rather than to the advisory clients and that, as a result, Grant and Sage's compensation would be substantially increased. Indeed, once Grant's customers transferred their accounts from Wedbush to Sage, Grant more than doubled his own compensation.
After a trial that began on August 4, 2014, the jury deliberated for approximately two hours before rendering its verdict of liability against both defendants under Sections 204A and 206(1), (2), and (4) of the Investment Advisers Act of 1940 and Rules 204A-1 and 206(4)-7 thereunder. The Court will later determine whether and what relief to impose against the defendants. The case was tried by Marc Jones and J.R. Drabick, with assistance from Stephanie DeSisto and Frank Huntington, of the Commission's Boston Regional Office.
For further information, see Litigation Release No. 21672 (September 29, 2010).
On September 1, 2011, the Commission filed a separate civil injunctive action against Sage, Benjamin Lee Grant, and his father Jack Grant alleging that Jack Grant, a lawyer and former stockbroker, had violated a Commission bar from association with investment advisers by associating with his son Benjamin Lee Grant's investment advisory firm, Sage, and by acting as an investment adviser himself. The Complaint further alleged that Jack Grant, Benjamin Lee Grant and Sage fraudulently failed to disclose Jack Grant's barred status and disciplinary history to Sage's advisory clients. On May 30, 2013, Jack Grant consented to settle the charges, but the action against Sage and Lee Grant is still pending and a trial date is to be determined. For further information, see Litigation Release No. 22081 (September 1, 2011) (SEC Charges Massachusetts-Based Attorney for Violating an Investment Adviser Bar and his Son for Failing to Disclose his Father's Bar to Advisory Clients); and Litigation Release No. 22708 (May 30, 2013) (SEC Obtains Final Judgment and Issues Administrative Orders against John A. ("Jack") Grant).

U.S. Could Use Ground Troops to Aid Rescue of Iraq Refugees: NYT | Middle East -August 13, 2014-.

U.S. Could Use Ground Troops to Aid Rescue of Iraq Refugees


EDGARTOWN, Mass. — A senior White House official said on Wednesday that the United States would consider using American ground troops to assist Iraqis in rescuing Yazidi refugees if recommended by military advisers assessing the situation.
Benjamin J. Rhodes, the deputy national security adviser, told reporters on Martha’s Vineyard that President Obama would probably receive recommendations in the next several days about how to mount a rescue operation to help the refugees, who are stranded on a mountaintop surrounded by Sunni militants. He said those recommendations could include the use of American ground troops.
But he drew a distinction between the use of American forces to help a humanitarian mission and the use of troops in the battle against militants from the Islamic State in Iraq and Syria, something he said the president had rejected before and continued to oppose.


WSJ | Biggest Decliners Closing August 13, 2014.

Biggest Decliners Closing
Biggest Decliners
4:47 pm ET 08/13/2014
NYSE
Issue Volume Price Chg % Chg
SeaWorld Entertainment (SEAS) 41,481,545 $18.90 -9.25 -32.86
King Digital Entertainment (KING) 17,575,151 13.99 -4.21 -23.13
Danaos (DAC) 41,257 5.47 -0.60 -9.88
Aeropostale (ARO) 4,600,159 3.21 -0.30 -8.55
Care.com (CRCM) 319,636 8.45 -0.73 -7.95
Veritiv (VRTV) 243,904 45.79 -3.62 -7.33
Crestwood Equity Partners (CEQP) 1,358,774 11.77 -0.86 -6.81
500.com ADS (WBAI) 895,570 35.31 -2.57 -6.78
Fortuna Silver Mines (FSM) 472,643 5.37 -0.39 -6.77
New York (NWY) 84,324 3.09 -0.21 -6.36
LIN Media Cl A (LIN) 822,423 21.40 -1.30 -5.73
Pulse Electronics (PULS) 20,735 2.18 -0.13 -5.67
Macy's (M) 17,977,156 56.47 -3.29 -5.51
Media General (MEG) 285,626 15.99 -0.89 -5.27
Anixter International (AXE) 630,287 86.32 -4.76 -5.23
First Majestic Silver (AG) 1,986,650 10.36 -0.57 -5.22
Imprivata (IMPR) 15,019 13.74 -0.72 -4.98
Petroleo Brasileiro ADS A (PBRA) 17,082,284 16.37 -0.84 -4.88
GAIN Capital Holdings (GCAP) 280,548 6.01 -0.30 -4.75
Vince Holding (VNCE) 288,309 33.08 -1.63 -4.70
Parsley Energy Cl A (PE) 2,434,120 20.96 -1.01 -4.60
Petroleo Brasileiro ADS (PBR) 62,440,327 15.46 -0.72 -4.45
SouFun Holdings (SFUN) 4,718,069 12.00 -0.50 -4.00
Fabrinet (FN) 266,022 18.40 -0.76 -3.97
Gray Television (GTN) 770,476 10.82 -0.43 -3.82
 
Nasdaq
Issue Volume Price Chg % Chg
Rigel Pharmaceuticals (RIGL) 1,673,320 $2.67 -0.42 -13.59
EveryWare Global (EVRY) 401,347 2.12 -0.33 -13.47
VelocityShares Daily 2x VIX Short Term ETN (TVIX) 14,461,968 3.05 -0.37 -10.82
Gordmans Stores (GMAN) 171,225 3.16 -0.37 -10.48
Village Super Market Cl A (VLGEA) 50,179 20.92 -2.08 -9.04
Cree (CREE) 11,226,421 44.81 -4.39 -8.91
Synacor (SYNC) 198,592 2.13 -0.20 -8.58
JDS Uniphase (JDSU) 20,785,581 10.90 -1.01 -8.48
Fate Therapeutics (FATE) 66,291 5.51 -0.49 -8.17
China HGS Real Estate (HGSH) 108,325 3.51 -0.30 -7.87
Myriad Genetics (MYGN) 3,497,702 36.04 -2.96 -7.59
ViaSat (VSAT) 2,529,882 53.01 -4.25 -7.42
Sage Therapeutics (SAGE) 38,432 29.58 -2.23 -7.01
Maxwell Technologies (MXWL) 1,091,588 9.42 -0.68 -6.73
Tetraphase Pharmaceuticals (TTPH) 337,420 11.08 -0.75 -6.34
VelocityShares Daily 2x VIX Medium Term ETN (TVIZ) 34,683 21.83 -1.45 -6.23
VIVUS (VVUS) 2,313,435 4.26 -0.28 -6.17
Moko Social Media ADS (MOKO) 2,548 6.45 -0.41 -5.99
Trevena (TRVN) 68,150 6.04 -0.38 -5.92
Oncothyreon (ONTY) 425,310 2.77 -0.17 -5.78
CafePress (PRSS) 29,877 4.25 -0.26 -5.76
iGATE (IGTE) 376,238 34.54 -2.07 -5.65
Fossil Group (FOSL) 2,656,728 96.55 -5.70 -5.57
VelocityShares VIX Short Term ETN (VIIX) 48,901 40.38 -2.36 -5.52
Sphere 3D (ANY) 17,831 6.33 -0.34 -5.10
 
NYSE Arca
Issue Volume Price Chg % Chg
ProShares Ultra VIX Short-Term Futures ETF (UVXY) 8,238,394 $27.88 -3.51 -11.18
VelocityShares 3x Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return (UGAZ) 4,092,789 14.37 -1.72 -10.69
ProShares Ultra Bloomberg Natural Gas (BOIL) 139,758 33.46 -2.51 -6.98
Barclays Bank iPath S&P 500 VIX Short Term Futures ETN (VXX) 37,716,037 29.89 -1.76 -5.56
Direxion Daily Russia Bear 3x Shares (RUSS) 313,087 12.35 -0.72 -5.51
ProShares VIX Short-Term Futures ETF (VIXY) 1,344,160 19.95 -1.14 -5.41
Direxion Daily Brazil Bull 3X Shares (BRZU) 49,745 23.90 -1.16 -4.62
iPath Dow Jones UBS Natural Gas SubindexTotal Return ETN (GAZ) 75,858 2.42 -0.11 -4.23
Direxion Daily Real Estate Bear 3x Shares (DRV) 94,144 35.09 -1.49 -4.07
Market Vectors India Small-Cap Index ETF (SCIF) 344,370 43.27 -1.78 -3.95
ProShares UltraShort Semiconductors (SSG) 13,735 12.79 -0.52 -3.88
Direxion Daily FTSE China Bear 3X Shares (YANG) 146,377 13.59 -0.53 -3.74
Barclays Bank iPath S&P 500 VIX Mid Term Futures ETN (VXZ) 1,329,479 12.75 -0.42 -3.19
ProShares VIX Mid-Term Futures ETF (VIXM) 79,833 15.54 -0.51 -3.18
PureFunds ISE Junior Silver (Small Cap Miners/Explorers) ETF (SILJ) 14,872 13.64 -0.43 -3.06
Direxion DailyTechnology Bear 3x Shares (TECS) 75,724 14.42 -0.41 -2.76
Direxion Daily Semiconductor Bear 3X Shares (SOXS) 35,244 21.28 -0.60 -2.74
Direxion Daily Mid Cap Bear 3x Shares (MIDZ) 12,296 14.91 -0.40 -2.61
ProShares UltraPro Short MidCap400 (SMDD) 14,870 45.00 -1.20 -2.60
ProShares UltraShort Real Estate (SRS) 32,183 14.94 -0.39 -2.54
ProShares UltraShort Technology (REW) 3,596 16.27 -0.41 -2.46
ProShares UltraShort FTSE China 25 (FXP) 54,800 46.77 -1.14 -2.38
Direxion Daily Latin America Bull 3X Shares (LBJ) 25,350 24.66 -0.59 -2.34
ProShares UltraPro Short Russell2000 (SRTY) 879,185 39.74 -0.94 -2.31
Direxion Daily Small Cap Bear 3x Shares (TZA) 11,473,908 15.56 -0.36 -2.26
 
Composite
Issue Volume Price Chg % Chg
SeaWorld Entertainment (SEAS) 41,481,545 $18.90 -9.25 -32.86
King Digital Entertainment (KING) 17,575,151 13.99 -4.21 -23.13
ROI Acquisition II (ROIQ) 2,551 9.78 -2.72 -21.76
One Horizon Group (OHGI) 11,408 2.70 -0.66 -19.64
Interphase (INPH) 226,442 2.20 -0.45 -16.98
Aerocentury (ACY) 8,840 12.90 -2.30 -15.13
Rigel Pharmaceuticals (RIGL) 1,673,320 2.67 -0.42 -13.59
EveryWare Global (EVRY) 401,347 2.12 -0.33 -13.47
ProShares Ultra VIX Short-Term Futures ETF (UVXY) 8,238,394 27.88 -3.51 -11.18
VelocityShares Daily 2x VIX Short Term ETN (TVIX) 14,461,968 3.05 -0.37 -10.82
VelocityShares 3x Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return (UGAZ) 4,092,789 14.37 -1.72 -10.69
Gordmans Stores (GMAN) 171,225 3.16 -0.37 -10.48
VirtualScopics (VSCP) 5,619 3.77 -0.43 -10.24
Danaos (DAC) 41,257 5.47 -0.60 -9.88
Village Super Market Cl A (VLGEA) 50,179 20.92 -2.08 -9.04
Cree (CREE) 11,226,421 44.81 -4.39 -8.91
Synacor (SYNC) 198,592 2.13 -0.20 -8.58
Aeropostale (ARO) 4,600,159 3.21 -0.30 -8.55
JDS Uniphase (JDSU) 20,785,581 10.90 -1.01 -8.48
Fate Therapeutics (FATE) 66,291 5.51 -0.49 -8.17
Protalix BioTherapeutics (PLX) 895,442 2.63 -0.23 -8.04
Care.com (CRCM) 319,636 8.45 -0.73 -7.95
China HGS Real Estate (HGSH) 108,325 3.51 -0.30 -7.87
Vertex Energy (VTNR) 644,508 7.44 -0.62 -7.69
Myriad Genetics (MYGN) 3,497,702 36.04 -2.96 -7.59
 
 
Footnotes
Includes common, closed end funds, ETFs, ETNs and REITS with prior day close of $2 a share or higher, with volume of at least 2,000.
x - stock is trading ex-dividend
Source: WSJ Market Data Group