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Oct 29, 2014

Gerald Celente -Trends in The News: "The Autumn Trends Journal" (10/22/14.



Gerald Celente - Trends In The News - "The Autumn Trends Journal" - (10/22/14)

Federal Reserve Bank of New York | Operating Policy - October 29, 2014: Statement Regarding Purchases of Treasury Securities and Agency Mortgage-Backed Securities



OPERATING POLICY
Statement Regarding Purchases of Treasury Securities and Agency Mortgage-Backed Securities
October 29, 2014
NEW YORK—On October 29, 2014, the Federal Open Market Committee (FOMC) directed the Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York to conclude the current asset purchase program by the end of October. The FOMC also directed the Desk to maintain the existing policy of reinvesting principal payments from the Federal Reserve’s holdings of agency debt and agency MBS in agency MBS and of rolling over maturing Treasury securities at auction. This policy, by keeping the Committee’s holdings of longer-term securities at sizable levels, should help maintain accommodative financial conditions.
Reinvestments in agency MBS will continue to be concentrated in newly-issued agency MBS in the To-Be-Announced (TBA) market. The Desk will adjust the number of individual agency MBS operations per month as needed for operational efficiency. The distribution of agency MBS purchases could change if market conditions warrant.
The planned amount of reinvestments in agency MBS that are anticipated to take place over each monthly period will continue to be announced on or around the eighth business day of the month. For the remainder of the current reinvestment period, which ends on November 13, 2014, the Desk will continue to publish a tentative schedule of FedTrade agency MBS operations on or around the last business day of each week for a weekly period beginning the following business day. 
Beginning November 13, 2014, the Desk will publish the tentative FedTrade schedule on or around the eighth and eighteenth business days of each month for a period beginning the following business day and continuing through the date of the release of the next schedule.  
Consistent with current practices, the purchases of agency MBS will be conducted with the Federal Reserve’s primary dealers through a competitive bidding process and results will be published on the Federal Reserve Bank of New York’s website. The Desk will continue to publish transaction prices for individual operations at the end of each monthly period. All other purchase details remain the same at this time. 
Additional information on reinvestments in agency MBS and Treasury rollovers can be found in a set of Frequently Asked Questions in the following location: 

DealBook P.M Edition - October 29, 2014: Top Story: Prosecutors Wrestling With Wall Street's Repeat Offenders.

For the latest updates, go to dealbook.nytimes.com »
WEDNESDAY, OCTOBER 29, 2014
TOP STORY
Offices of Standard Chartered bank in London.
Prosecutors Wrestling With Wall Street's Repeat Offenders Prosecutors are exploring whether to strengthen deferred or nonprosecution agreements from two years ago, or scrap them altogether and force the banks to plead guilty to a crime, say lawyers briefed on the cases.
  • DEALBOOK »
  • DEALBOOK HIGHLIGHTS
    The offices of Goldman Sachs in London.
    Ex-Banker Highlights Complexity of Trades for Public Entities The emergence of Jaber George Jabbour in a battle between Libya's sovereign wealth fund and Goldman Sachs reveals the complex relationship between banks and public sector entities.
    A technician works on an engine at the Ferrari plant in Maranello, Italy.
    Fiat Chrysler to Spin Off Ferrari Sports Car Brand Fiat plans to list about 10 percent of Ferrari's shares and distribute the remaining stake to its shareholders some time next year. It will be the first time Ferrari has been independent since the late 1960s.
    Deutsche Bank offices in London.
    Deutsche Bank Posts $117 Million Loss as Legal Costs Mount Earnings at Germany's largest bank had been expected to suffer after it said last week that it had set aside an additional $1.1 billion to cover legal costs.
    A Deutsche Bank logo in front of its headquarters in Frankfurt.
    Reuters Breakingviews: Familiar Clouds Still Shadow Deutsche Bank The costs of litigation and regulation are still weighing on Deutsche Bank, and investors remain to be convinced that it has made the right call on fixed income, currencies and commodities, George Hay writes for Reuters Breakingviews.
    Certain Traders May Get Early Looks at S.E.C. Filings, Paper Finds Because of a lag in the S.E.C. website, investors that pay a subscription fee can gain access to public filings seconds before they are seen by the general public, long enough for high-frequency trading strategies, according to a new academic paper.
    The activist hedge fund Starboard Value has pushed for changes at Darden Restaurants, the owner of Olive Garden.
    Investor Activism, Already Robust, Expected to Rise in Next Year A survey by the law firm Schulte Roth & Zabel and the data provider Mergermarket, to be released on Wednesday, reflects the undiminished confidence in the power of outspoken dissident investors.
    Standard & Poor's offices in New York.
    S.&P. in Settlement Talks Over Mortgage SecuritiesMcGraw Hill Financial said its Standard & Poor's unit was in "active discussions" with regulators on a possible settlement over ratings on commercial mortgage-backed securities issued in 2011.
    David Rubenstein, co-chief executive of the Carlyle Group.
    Carlyle Reports Lower Profit on Weakness in Hedge Funds The third-quarter results reflected disappointing investment performance in certain areas outside Carlyle's core private equity business.
    A Shell gas station in Encinitas, Calif.
    Shell Midstream Partners Raises $920 Million in New York I.P.O. The limited partnership, which owns stakes in a group of pipelines primarily in Louisiana and Texas, sold 40 million shares in the offering.
    Floor traders monitor share prices during afternoon trading at the Hong Kong Stock Exchang on Tuesday.
    Hong Kong Ready for Trading Link With Shanghai The head of Hong Kong's stock market regulator said that his agency had done all it needed to do to start the project, suggesting delays were coming from mainland China.
    LOOKING AHEAD
    Eurozone to Provide Data on Inflation and Jobs Markets will be keyed to the release on Friday of Eurostat's first estimate of October inflation in the 18-nation eurozone, along with its September employment data. With demand too weak to create inflationary pressures and the price of oil slipping, the region is at risk of sliding into outright deflation, complicating the policy choices of the European Central Bank.
    Positive Expectations for Third-Quarter G.D.P. On Thursday, the Commerce Department will release its report on the gross domestic product for the third quarter. No one expects a repeat of the second quarter's impressive 4.6 percent annualized growth rate, but several economists sounded a positive note with estimates hovering around the 3 percent mark. Forecasters sounded confident that consumer spending would remain fairly strong and, despite the stock market's recent somersaults, keep the American economy growing through the end of the year.
    For the latest updates, go to dealbook.nytimes.com »

CMI Spot Prices as of Close of Trading in New York on October 29, 2014.



Spot Prices as of close of trading in New York

Wednesday, October 29, 2014

GOLD

TODAYCHANGEWEEK AGOMONTH AGOYEAR AGO
$1,224.65-$5.40$1,245.75$1,219.05$1,349.65

SILVER

TODAYCHANGEWEEK AGOMONTH AGOYEAR AGO
$17.28+$0.04$17.26$17.60$22.99

PLATINUM

TODAYCHANGEWEEK AGOMONTH AGOYEAR AGO
$1,270.90+$2.80$1,274.00$1,311.50$1,482.90

PALLADIUM

TODAYCHANGEWEEK AGOMONTH AGOYEAR AGO
$801.50+$5.10$779.30$794.00$752.80

GOLD/SILVER RATIO

70.87

WSJ | Biggest Decliners Closing on October 29, 2014.

Biggest Decliners Closing
Biggest Decliners
4:32 pm ET 10/29/2014
NYSE
ISSUEVOLUMEPRICECHG% CHG
InvenSense (INVN)16,357,939$16.08-5.40-25.14
Wabash National (WNC)5,479,37810.16-2.73-21.18
Orbital Sciences (ORB)4,972,18625.27-5.10-16.79
Aerohive Networks (HIVE)1,601,2804.85-0.91-15.80
Myers Industries (MYE)649,58714.35-2.66-15.64
RCS Capital (RCAP)5,388,10516.99-2.77-14.02
STMicroelectronics (STM)4,307,5176.37-0.85-11.77
Cliffs Natural Resources (CLF)17,951,45010.22-1.07-9.48
Owens-Illinois (OI)5,524,22723.53-2.45-9.43
DRDGOLD ADS (DRD)68,3782.93-0.30-9.29
FMSA Holdings (FMSA)1,196,68713.16-1.24-8.61
Harvest Natural Resources (HNR)555,5973.63-0.34-8.56
Fortuna Silver Mines (FSM)210,6484.21-0.36-7.88
Seabridge Gold (SA)825,8617.11-0.60-7.78
HHGregg (HGG)478,8576.07-0.51-7.75
Cabot (CBT)1,177,94544.57-3.73-7.72
National Bank of Greece ADS (NBG)5,928,6942.55-0.21-7.61
Trinity Industries (TRN)8,961,15534.34-2.73-7.36
CSS Industries (CSS)83,10727.66-2.09-7.03
Alliant Techsystems (ATK)997,500121.34-8.43-6.50
Rayonier Advanced Materials (RYAM)2,139,49828.39-1.94-6.40
Resolute Energy (REN)1,594,6153.59-0.24-6.27
Primero Mining (PPP)841,7373.97-0.26-6.15
Tahoe Resources (TAHO)214,52820.35-1.33-6.13
Meritage Homes (MTH)792,34036.27-2.33-6.04
 
Nasdaq
ISSUEVOLUMEPRICECHG% CHG
Barrett Business Services (BBSI)4,276,035$18.28-26.18-58.88
Xoom (XOOM)7,428,38514.41-5.04-25.91
EPIQ Systems (EPIQ)796,02815.43-4.15-21.20
American Realty Capital Properties (ARCP)226,364,28610.00-2.38-19.22
Applied Micro Circuits (AMCC)5,091,3715.86-1.02-14.83
AmTrust Financial Services (AFSI)3,259,11446.04-6.99-13.18
Black Box (BBOX)284,37421.46-2.95-12.09
Aspen Technology (AZPN)5,727,20036.31-4.02-9.97
RPX (RPXC)720,93213.73-1.52-9.97
Concurrent Computer (CCUR)174,9676.89-0.76-9.93
Prosensa Holding (RNA)504,70111.09-1.09-8.95
Camtek (CAMT)368,0453.61-0.34-8.61
PhotoMedex (PHMD)513,0603.82-0.34-8.17
Craft Brew Alliance (BREW)250,58315.76-1.40-8.16
Compugen (CGEN)377,8347.46-0.66-8.13
MediciNova (MNOV)60,1463.63-0.32-8.10
Abengoa ADS (ABGB)14,56820.41-1.73-7.81
Nanometrics (NANO)273,64513.26-1.11-7.72
Atara Biotherapeutics (ATRA)63,54318.80-1.44-7.11
Ballard Power Systems (BLDP)1,984,5762.78-0.21-7.02
Macrogenics (MGNX)130,06620.27-1.52-6.98
Misonix (MSON)73,57813.85-1.03-6.92
VisionChina Media ADS (VISN)8,33610.48-0.74-6.60
Parnell Pharmaceuticals Holdings (PARN)4,7014.27-0.29-6.36
Epizyme (EPZM)235,98926.23-1.77-6.32
 
NYSE Arca
ISSUEVOLUMEPRICECHG% CHG
Direxion Daily Junior Gold Miners Index Bull 3X Shares (JNUG)14,335,007$6.63-1.59-19.36
Direxion Daily Gold Miners Bull 3x Shares (NUGT)13,263,61916.93-2.42-12.51
Market Vectors Junior Gold Minets ETF (GDXJ)18,002,72928.60-2.22-7.20
Global X FTSE Greece 20 ETF (GREK)353,14616.10-1.11-6.45
ProShares UltraShort SmallCap600 (SDD)2,72544.02-2.88-6.15
PureFunds ISE Junior Silver (Small Cap Miners/Explorers) ETF (SILJ)5,0168.82-0.53-5.67
E-TRACS UBS Bloomberg CMCI Agriculture ETN (UAG)24,44021.00-1.18-5.32
Direxion Daily Gold Bull 3X Shares (BAR)2,66430.12-1.49-4.71
Global X Silver Miners ETF (SIL)455,6809.67-0.44-4.35
Market Vectors Gold Miners ETF (GDX)62,019,90419.64-0.89-4.34
Sprott Gold Miners ETF (SGDM)259,64818.56-0.78-4.03
iShares MSCI Global Silver Miners ETF (SLVP)12,1589.33-0.38-3.91
VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return (DGAZ)7,123,7584.78-0.19-3.82
Global X Gold Explorers ETF (GLDX)61,28210.87-0.41-3.63
VelocityShares 3x Inverse Crude ETN linked to the S&P GSCI Crude Oil Index Excess Return (DWTI)21,44439.65-1.42-3.46
iShares MSCI Global Gold Miners ETF (RING)67,1188.20-0.29-3.44
PowerShares DB Base Metals Double Short ETN (BOM)10,22513.28-0.43-3.13
iShares MSCI Spain Capped ETF (EWP)1,859,75637.14-1.13-2.95
ProSharesUltraGold (UGL)67,72740.63-1.16-2.78
PowerShares DB Gold Double Long ETN (DGP)119,50424.72-0.70-2.75
ProShares UltraShort Bloomberg Crude Oil (SCO)792,81136.46-1.01-2.70
Market Vectors Poland ETF (PLND)5,59720.65-0.54-2.55
AdvisorShares Athena High Dividend ETF (DIVI)17,52822.29-0.56-2.45
Global X FTSE Portugal 20 ETF (PGAL)12,07612.58-0.31-2.41
ETRACS Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN (LMLP)19,52421.85-0.54-2.41
 
Composite
ISSUEVOLUMEPRICECHG% CHG
Barrett Business Services (BBSI)4,276,035$18.28-26.18-58.88
Xoom (XOOM)7,428,38514.41-5.04-25.91
InvenSense (INVN)16,357,93916.08-5.40-25.14
Allied Nevada Gold (ANV)12,924,9221.65-0.53-24.31
EPIQ Systems (EPIQ)796,02815.43-4.15-21.20
Wabash National (WNC)5,479,37810.16-2.73-21.18
Direxion Daily Junior Gold Miners Index Bull 3X Shares (JNUG)14,335,0076.63-1.59-19.36
American Realty Capital Properties (ARCP)226,364,28610.00-2.38-19.22
Orbital Sciences (ORB)4,972,18625.27-5.10-16.79
Aerohive Networks (HIVE)1,601,2804.85-0.91-15.80
Myers Industries (MYE)649,58714.35-2.66-15.64
Applied Micro Circuits (AMCC)5,091,3715.86-1.02-14.83
RCS Capital (RCAP)5,388,10516.99-2.77-14.02
AmTrust Financial Services (AFSI)3,259,11446.04-6.99-13.18
Signal Genetics (SGNL)2,3532.92-0.43-12.84
Direxion Daily Gold Miners Bull 3x Shares (NUGT)13,263,61916.93-2.42-12.51
Black Box (BBOX)284,37421.46-2.95-12.09
STMicroelectronics (STM)4,307,5176.37-0.85-11.77
Viggle (VGGL)292,9812.56-0.32-11.11
Image Sensing Systems (ISNS)479,4062.85-0.32-10.09
Aspen Technology (AZPN)5,727,20036.31-4.02-9.97
RPX (RPXC)720,93213.73-1.52-9.97
Concurrent Computer (CCUR)174,9676.89-0.76-9.93
Ocean Bio-Chem (OBCI)67,3463.47-0.38-9.87
Cliffs Natural Resources (CLF)17,951,45010.22-1.07-9.48
 
See All Decliners
 
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