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Nov 4, 2014

GATA | THE GATA DISPATCH - November 4, 2014: Somebody wants gold shares at distress prices | Dave Kranzler: Proof that gold is manipulated using paper gold:

Somebody wants gold shares at distress prices

Submitted by cpowell on  Tuesday, November 4, 2014. Petropavlovsk Shares Jump on Consortium's Rescue Bid
By Ashley Armstrong
The Telegraph, London
Tuesday, November 4, 2014

Shares in Peter Hambro's Russian mining business jumped by almost 20 percent after it emerged that a consortium fronted by Oleg Deripaska's right-hand man was attempting to gatecrash its rights issue plans.

The London-listed gold miner Petropavlovsk, set up as Peter Hambro Mining in 1994, is the second biggest gold producer in Russia but has suffered as the price of the yellow metal has tumbled, dragging the company's share price down 65 percent so far this year.

Petropavlovsk announced in September that it was in discussions with lenders about a restructuring and rights issue to service an expensive debt pile taken on at the peak of the gold boom. If the company fails to do so, it could breach its banking covenants next month and $310 million worth of convertible bonds would mature, which could lead to its going bust. ...

... For the remainder of the report:
http://www.telegraph.co.uk/finance/newsbysector/industry/mining/11208973...
_______________________________________________________________________________

Dave Kranzler: Proof that gold is manipulated using paper gold

Submitted by cpowell on  Tuesday, November 4, 2014 Tuesday, November 4, 2014

Echoing the work of GATA's late board member Adrian Douglas from 2010, market analyst and fund manager Dave Kranzler of Investment Research Dynamics in Denver today published a chart showing that gold almost always rises when the Asian physical markets are open and falls when the London and New York paper markets are open.
Douglas' study of the dichotomy is posted at GATA's Internet site here:

http://www.gata.org/node/8919

Kranzler's chart and commentary, headlined "Proof That Gold Is Manipulated Using Paper Gold," is posted at the Investment Research Dynamics Internet site here:
http://investmentresearchdynamics.com/proof-that-gold-is-manipulated-usi...

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


FTC Consumer Updates - November 4, 2014: Ready for the ho-ho-holidays? Let’s talk.

Federal Trade Commission Consumer Information

by Carol Kando-Pineda
Counsel, FTC, Division of Consumer and Business Education

According to a recent survey, half of Americans dread holiday shopping.Whether you love or hate it, we’ll be in the thick of the season before you know it. Doing some advance planning can take the edge of that dread. If you’d like some tips on making the most of holiday shopping, join us for a Twitter chat with the Department of Defense's Military One Source, the Consumer Financial Protection Bureau, and Military Saves on Thursday, November 6 at 2:00pm, Eastern time. We’ll discuss our tips on saving and budgeting for holiday expenses, being a savvy online shopper, steering clear of online scams, and what to do if you run up too much debt during this time of year. We’d especially like to hear from all you servicemembers, veterans, and military families out there. Use the hashtags #MyMilFam and #MilConsumer to be part of the conversation.

WSJ | Biggest Decliners Closing on November 4, 2014.

Biggest Decliners Closing
Biggest Decliners
4:46 pm ET 11/04/2014
NYSE
Issue Volume Price Chg % Chg
Herbalife (HLF) 12,438,634 $44.26 -11.64 -20.82
RCS Capital (RCAP) 5,639,828 10.91 -2.78 -20.31
Sprint (S) 160,495,701 5.18 -1.02 -16.45
Stone Energy (SGY) 4,156,800 20.52 -3.89 -15.94
Comstock Resources (CRK) 6,046,066 9.47 -1.72 -15.37
AK Steel Holding (AKS) 29,759,444 6.34 -1.09 -14.67
FMSA Holdings (FMSA) 1,440,495 10.64 -1.67 -13.57
Key Energy Services (KEG) 8,133,380 2.48 -0.36 -12.68
PetroQuest Energy (PQ) 2,790,554 3.86 -0.55 -12.47
Talisman Energy (TLM) 20,637,597 5.36 -0.74 -12.13
Cobalt International Energy (CIE) 15,217,987 10.07 -1.31 -11.51
Basic Energy Services (BAS) 3,627,111 10.95 -1.36 -11.05
Altisource Residential (RESI) 1,959,588 20.77 -2.46 -10.59
AngloGold Ashanti ADS (AU) 4,787,335 9.07 -1.05 -10.38
Pioneer Energy Services (PES) 1,808,342 8.23 -0.95 -10.35
GasLog (GLOG) 1,562,627 18.68 -2.15 -10.32
Exterran Holdings (EXH) 3,881,404 34.91 -4.01 -10.30
Miller Energy Resources (MILL) 545,175 3.15 -0.35 -10.00
Noranda Aluminum Holding (NOR) 2,064,726 3.93 -0.40 -9.24
Bill Barrett (BBG) 1,632,682 13.19 -1.31 -9.03
Seventy Seven Energy (SSE) 1,196,910 11.01 -1.07 -8.86
SeaDrill (SDRL) 15,390,575 20.29 -1.97 -8.85
DRDGOLD ADS (DRD) 81,439 2.52 -0.24 -8.70
Midstates Petroleum (MPO) 601,061 2.85 -0.27 -8.65
U.S. Silica Holdings (SLCA) 4,770,737 40.81 -3.82 -8.56
 
Nasdaq
Issue Volume Price Chg % Chg
Borderfree (BRDR) 1,520,586 $7.01 -3.83 -35.33
RetailMeNot (SALE) 13,966,313 14.35 -6.05 -29.66
Supertel Hospitality (SPPR) 30,724 2.11 -0.56 -20.97
Achillion Pharmaceuticals (ACHN) 19,626,874 10.23 -1.89 -15.59
Tesco (TESO) 1,834,789 15.84 -2.67 -14.42
Sypris Solutions (SYPR) 58,607 3.26 -0.43 -11.65
Alder BioPharmaceuticals (ALDR) 211,647 16.17 -1.85 -10.27
Akebia Therapeutics (AKBA) 372,433 11.00 -1.20 -9.84
ExOne (XONE) 419,257 23.18 -2.40 -9.38
Warren Resources (WRES) 2,187,609 3.01 -0.31 -9.34
Silver Standard Resources (SSRI) 2,666,692 4.27 -0.42 -8.96
Priceline Group (PCLN) 3,344,563 1097.70 -100.82 -8.41
Zafgen (ZFGN) 69,699 19.19 -1.76 -8.40
Energy XXI (Bermuda) (EXXI) 6,294,706 6.63 -0.60 -8.30
Rosetta Resources (ROSE) 3,781,516 34.44 -3.10 -8.26
Origin Agritech (SEED) 210,522 1.90 -0.17 -8.21
Integra LifeSciences Holdings (IART) 413,859 47.29 -4.20 -8.16
Marinus Pharmaceuticals (MRNS) 7,009 6.81 -0.59 -7.97
Carrizo Oil&Gas (CRZO) 1,409,397 46.82 -3.99 -7.85
Otonomy (OTIC) 101,335 23.92 -1.95 -7.54
LinnCo (LNCO) 4,140,539 21.61 -1.75 -7.49
Abengoa Yield (ABY) 802,454 31.22 -2.52 -7.47
Rex Energy (REXX) 2,926,383 7.21 -0.58 -7.45
Patterson-UTI Energy (PTEN) 5,790,458 21.23 -1.68 -7.33
StealthGas (GASS) 132,937 7.91 -0.62 -7.27
 
NYSE Arca
Issue Volume Price Chg % Chg
Direxion Daily Junior Gold Miners Index Bull 3X Shares (JNUG) 18,083,220 $3.90 -0.65 -14.29
Direxion Daily Natural Gas Related Bull 3x Shares (GASL) 1,257,786 10.49 -1.45 -12.14
Direxion Daily Gold Miners Bull 3x Shares (NUGT) 16,382,998 11.04 -1.32 -10.70
VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return (DGAZ) 8,261,851 3.59 -0.32 -8.18
Direxion Daily Japan Bull 3x Shares (JPNL) 40,442 46.17 -3.94 -7.87
PowerShares DB Agriculture Double Long ETN (DAG) 77,986 5.54 -0.46 -7.67
Direxion Daily Energy Bull 3x Shares (ERX) 1,592,315 75.08 -5.00 -6.24
ProShares UltraShort Bloomberg Natural Gas (KOLD) 30,629 46.15 -2.69 -5.51
Market Vectors Junior Gold Minets ETF (GDXJ) 16,697,636 24.51 -1.40 -5.40
PureFunds ISE Junior Silver (Small Cap Miners/Explorers) ETF (SILJ) 9,748 7.76 -0.44 -5.37
ProShares Ultra MSCI Japan (EZJ) 10,878 84.73 -4.73 -5.29
PowerShares Exch-Tr Fund Trust Dynamic Oil Services Portfolio (PXJ) 34,863 20.76 -1.14 -5.21
VelocityShares 3x Long Crude ETN (UWTI) 409,765 16.26 -0.88 -5.13
WisdomTree Japan Hedged Real Estate Fund (DXJR) 11,128 28.74 -1.42 -4.69
SPDR Russell Nomura Small Cap Japan Fund (JSC) 3,684 48.69 -2.35 -4.60
UBS AG-2xMonthly Leveraged Long E-TRACS for Alerian MLP Infrastructure Index 2040 (MLPL) 79,418 63.64 -2.93 -4.40
ProShares Ultra Oil&Gas (DIG) 259,620 61.80 -2.84 -4.39
WisdomTree Trust WisdomTree Japan SmallCap Dividend (DFJ) 38,334 50.01 -2.25 -4.31
SPDR S&P Oil&Gas Equipment&Services ETF (XES) 133,718 33.36 -1.48 -4.25
iShares MSCI Global Silver Miners ETF (SLVP) 36,070 8.35 -0.37 -4.24
SPDR S&P Oil&Gas Exploration&Production ETF (XOP) 11,472,782 57.12 -2.46 -4.13
WisdomTree Japan Hedged Health Care Fund (DXJH) 5,659 29.71 -1.27 -4.10
PowerShares Dynamic Energy Sector Portfolio (PXI) 51,304 50.30 -2.13 -4.06
Direxion Daily Basic Materials Bull 3X Shares (MATL) 2,870 57.72 -2.43 -4.04
First Trust ISE-Revere Natural Gas Index Fund (FCG) 1,050,979 14.02 -0.59 -4.04
 
Composite
Issue Volume Price Chg % Chg
Borderfree (BRDR) 1,520,586 $7.01 -3.83 -35.33
RetailMeNot (SALE) 13,966,313 14.35 -6.05 -29.66
Crexendo Inc (EXE) 27,493 2.21 -0.59 -21.07
Supertel Hospitality (SPPR) 30,724 2.11 -0.56 -20.97
Herbalife (HLF) 12,438,634 44.26 -11.64 -20.82
RCS Capital (RCAP) 5,639,828 10.91 -2.78 -20.31
Sprint (S) 160,495,701 5.18 -1.02 -16.45
Stone Energy (SGY) 4,156,800 20.52 -3.89 -15.94
Achillion Pharmaceuticals (ACHN) 19,626,874 10.23 -1.89 -15.59
Comstock Resources (CRK) 6,046,066 9.47 -1.72 -15.37
AK Steel Holding (AKS) 29,759,444 6.34 -1.09 -14.67
Tesco (TESO) 1,834,789 15.84 -2.67 -14.42
Direxion Daily Junior Gold Miners Index Bull 3X Shares (JNUG) 18,083,220 3.90 -0.65 -14.29
Straight Path Communications Cl B (STRP) 706,139 17.45 -2.81 -13.87
FMSA Holdings (FMSA) 1,440,495 10.64 -1.67 -13.57
Key Energy Services (KEG) 8,133,380 2.48 -0.36 -12.68
PetroQuest Energy (PQ) 2,790,554 3.86 -0.55 -12.47
Direxion Daily Natural Gas Related Bull 3x Shares (GASL) 1,257,786 10.49 -1.45 -12.14
Talisman Energy (TLM) 20,637,597 5.36 -0.74 -12.13
Sypris Solutions (SYPR) 58,607 3.26 -0.43 -11.65
Cobalt International Energy (CIE) 15,217,987 10.07 -1.31 -11.51
Yuma Energy (YUMA) 9,399 2.85 -0.36 -11.21
Basic Energy Services (BAS) 3,627,111 10.95 -1.36 -11.05
ZaZa Energy (ZAZA) 63,930 2.15 -0.26 -10.79
Emerald Oil (EOX) 3,681,536 2.57 -0.31 -10.76
 
 
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