Translate

Search This Blog

Search Tool




Nov 25, 2014

GATA | THE GATA DISPATCH - November 25, 2014: 2 Articles Grant Williams: How could it happen? / Central banks selling far more gold than is being mined, Embry tells KWN.

Grant Williams: How could it happen?

Submitted by cpowell on 04:01PM ET Tuesday, November 25, 2014. Section: Daily Dispatches
 Tuesday, November 25, 2014

In the new edition of his "Things That Make You Go Hmmm. ..." letter, Singapore fund manager Grant Williams writes some future history that regards GATA favorites Alasdair Macleod and Koos Jansen as prophets of a Chinese-engineered golden age -- an age golden, at least, for those who heeded the prophets and got their gold in time. Williams' letter is headlined "How Could It Happen?" and it's posted at the Mauldin Economics Internet site here:
____________________________________________________________________________________________

Central banks selling far more gold than is being mined, Embry tells KWN

Submitted by cpowell on Tuesday, November 25, 2014. 
 Tuesday, November 25, 2014
Western central banks, Sprott Asset Management's John Embry tells King World News today, are "selling infinitely more paper gold than is being dug out of the ground, and it's being done specifically to hold down the price," creating enormous short positions that could spark a strong increase in the price. But, Embry adds, "There aren't any real markets in anything anymore." An excerpt from the interview is posted at the KWN blog here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


RT | Keiser Report November 25, 2014: Financial Engineering (E684).



Keiser Report: Financial Engineering (E684)


Published on Nov 25, 2014
In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the fact that there are no fundamentals, only financial engineering which is too bad for a real world with a real environment and real people who need to eat. In the second half Max interviews author and journalist, Robert Chalmers, about the corporate lynching of Gary Webb, the journalist who uncovered the CIA’s role in the drugs trade. 

SIGTARP Press Release - November 25, 2014: Former Bank President Sentenced to Two Years in Federal Prison for Bank Fraud and Money Laundering

James Ladio, former president and chief executive officer of MidCoast Community Bank, was sentenced to two years in federal prison for bank fraud and money laundering, announced the Special Inspector General for the Troubled Asset Relief Program.
Read the news release here.
Follow SIGTARP on Twitter @SIGTARP, here.
SIGTARP HOTLINE:  
To report allegations of fraud, waste, abuse, mismanagement, or misrepresentations involving the taxpayer-funded Troubled Asset Relief Program, call (877) SIG-2009 or send confidential information to SIGTARP via an online Hotline form 
SIGTARP REPORTS:
Audit reports and quarterly reports to Congress about the management and transparency of TARP programs are posted here.
GENERAL COMMENTS:  
SIGTARP welcomes comments and suggestions.  You may reach us at the phone number and mailing address below: 
Phone:   (202) 927-8940
Mail:    Office of the Special Inspector General for the Troubled Asset Relief Program 
               1801 L Street NW
               Washington, DC  20220

SEC Litigation Release - Litigation Release - November 25, 2014.: SEC Brings Proceeding to Enforce Compliance with Consent Order to Pay Over $2 Million and Seeks Joint and Several Liability Against Control Persons.


SEC Seal

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 23143 / November 25, 2014

Securities and Exchange Commission v. Hold Brothers On-Line Investment Services, LLC, now known as Tafferer Trading, LLC, Gregory Hold, and Steven Hold, Civil Action No. 2:14-cv-7286-KSH-CLW (D.N.J.)

SEC Brings Proceeding to Enforce Compliance with Consent Order to Pay Over $2 Million and Seeks Joint and Several Liability Against Control Persons

The Securities and Exchange Commission announced today that on November 21, 2014, it filed an application in the United States District Court for the District of New Jersey seeking compliance by Hold Brothers On-Line Investment Services, LLC, now known as Tafferer Trading, LLC (Hold Brothers), with an SEC consent order requiring it to pay a balance of over $2 million in disgorgement, civil penalties, and post-order interest.  The SEC further seeks to have Gregory and Steven Hold, the eponymous Hold brothers, held jointly and severally liable as control persons for culpably causing Hold Brothers to fail to pay the agreed-upon amount to the SEC.
On September 25, 2012, the SEC issued a consent order in an administrative proceeding finding that Hold Brothers had violated the federal securities laws by enabling and failing to adequately monitor deceptive trading practices by certain offshore traders who used its systems.  It required Hold Brothers to pay disgorgement, civil penalties, and post-order interest totaling $2,535,237.44 in five installments over the next 360 days.  Hold Brothers made only the first scheduled payment of $503,333.40 before defaulting.
The SEC alleges that Gregory Hold and Steven Hold controlled Hold Brothers, which paid at least $1.4 million to certain members (equity holders) in the same month that the Commission issued its consent order.  According to the SEC’s application, Gregory and Steven Hold culpably caused Hold Brothers to fail to comply with the Commission’s consent order and are jointly and severally liable with Hold Brothers for the unpaid amount of disgorgement, civil penalty, and post-order interest.

SEC Litigation Release - November 25, 2014: SEC Charges Former Solutia Executive with Insider Trading.

SEC Seal

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 23142 / November 25, 2014

Securities and Exchange Commission v. D. Michael Donnelly, Civil Action No. 4:14-cv-01970 (E.D. Mo., November 25, 2014)

SEC Charges Former Solutia Executive with Insider Trading

The Securities and Exchange Commission today charged D. Michael Donnelly, the former Chief Operating Officer of Solutia, Inc., with insider trading in the stock of Solutia based on material non-public information regarding Eastman Chemical Company’s offer to acquire Solutia.  On the morning of January 27, 2012, Solutia and Eastman announced that Eastman would acquire Solutia at an implied value of $27.65 per share for Solutia investors.  At the end of trading on January 27, 2012, Solutia’s stock price closed at $27.51 per share, approximately 41 percent higher than the previous day’s close.
According to the SEC’s complaint filed in the U.S. District Court for the Eastern District of Missouri, Donnelly knew of Eastman’s interest in acquiring Solutia and learned on November 18, 2011, that Eastman would be submitting an improved offer.  The complaint alleges that between November 18, 2011, and November 22, 2011, Donnelly made multiple purchases of Solutia stock totaling 8,130 shares in brokerage accounts in the names of his children.  The complaint also alleges that between February 2, 2012, and February 8, 2012, Donnelly sold all 8,130 shares of Solutia stock for a profit of $104,391.  The complaint alleges that Donnelly misappropriated this information for his own personal benefit and breached the duty of trust and confidence that he owed to Solutia and its shareholders.
Without admitting or denying the SEC’s allegations, Donnelly agreed to settle the case against him.  The settlement is pending final approval by the court.  Specifically, Donnelly consented to the entry of a final judgment permanently enjoining him from violations of Sections 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder; requiring him to pay disgorgement of $104,391, the amount of his ill-gotten gains, plus prejudgment interest of $8,371.71, and a civil penalty of $104,391; and prohibiting him from serving as an officer and director of a public company.
The Commission acknowledges the assistance of FINRA in this matter.

WSJ | Most Actives Closing on November 25, 2014.

Most Actives Closing
Most Active Stocks by Volume
4:47 pm ET 11/25/2014
NYSE
ISSUEVOLUMEPRICECHG% CHG
Petroleo Brasileiro ADS (PBR)57,995,103$10.39-0.11-1.05
Bank of America (BAC)42,365,24817.10-0.08-0.47
Petroleo Brasileiro ADS A (PBRA)38,964,51211.02-0.04-0.36
Kinder Morgan (KMI)35,873,53340.75-0.04-0.10
Ford Motor (F)31,561,87515.680.010.06
AT&T (T)28,439,93034.820.120.35
General Electric (GE)27,151,65526.86-0.14-0.52
Halliburton (HAL)26,935,84148.26-1.62-3.25
Pfizer (PFE)24,496,64330.470.250.83
Sprint (S)24,481,2385.090.204.09
Vale ADS (VALE)23,997,7949.400.040.43
Alibaba Group Holding ADS (BABA)23,361,662113.47-0.45-0.40
Hertz Global Holdings (HTZ)20,476,45425.250.893.65
J.C. Penney (JCP)19,497,2467.860.070.90
New York REIT (NYRT)18,839,30810.790.121.12
Hewlett-Packard (HPQ)17,769,97637.630.130.35
Iron Mountain (IRM)17,506,59937.20-0.48-1.29
Kinross Gold (KGC)17,296,7443.030.238.21
Barrick Gold (ABX)16,784,11012.900.372.95
Newmont Mining (NEM)16,349,81219.710.542.82
Pandora Media (P)16,334,30719.31-0.43-2.18
Twitter (TWTR)15,655,65939.76-0.43-1.07
Nokia ADS (NOK)15,488,7808.120.000.00
Peabody Energy (BTU)15,393,28410.99-0.17-1.52
JPMorgan Chase (JPM)14,262,37960.30-0.66-1.08
 
Nasdaq
ISSUEVOLUMEPRICECHG% CHG
Apple (AAPL)66,641,352$117.60-1.03-0.86
Facebook Cl A (FB)31,156,28375.631.622.19
Huntington Bancshares (HBAN)29,604,58710.11-0.07-0.69
Cisco Systems (CSCO)26,675,07527.280.250.92
Intel (INTC)26,469,15936.320.070.19
Microsoft (MSFT)26,429,02647.47-0.12-0.25
Sirius XM Holdings (SIRI)24,734,1473.600.030.84
American Realty Capital Healthcare Trust (HCT)21,574,21011.430.312.79
Gilead Sciences (GILD)19,902,874101.110.510.51
VelocityShares Daily 2x VIX Short Term ETN (TVIX)17,533,7622.30-0.04-1.71
Comcast Cl A (CMCSA)16,922,24656.621.602.92
PowerShares QQQ Trust Series 1 (QQQ)16,732,519104.840.160.15
21st Century Fox Cl A (FOXA)16,698,95736.560.812.27
American Realty Capital Properties (ARCP)14,817,9189.050.010.11
Micron Technology (MU)13,708,88834.800.070.20
Yahoo! (YHOO)13,252,36151.72-0.11-0.21
Geron (GERN)11,163,3703.59-0.25-6.51
American Airlines Group (AAL)11,076,70544.150.942.18
Activision Blizzard (ATVI)10,990,13721.730.432.02
Qualcomm (QCOM)10,544,04872.270.580.80
Zynga (ZNGA)10,260,3782.64-0.04-1.49
Frontier Communications (FTR)9,612,5027.020.050.72
RF Micro Devices (RFMD)8,701,70514.74-0.01-0.03
Staples (SPLS)8,393,80814.09-0.15-1.05
Ariad Pharmaceuticals (ARIA)8,377,3887.11-0.04-0.56
 
NYSE Arca
ISSUEVOLUMEPRICECHG% CHG
SPDR S&P 500 ETF Trust (SPY)69,450,591$207.11-0.15-0.07
Market Vectors Gold Miners ETF (GDX)59,906,30320.390.804.08
iShares MSCI Emerging Markets ETF (EEM)42,495,08941.82-0.27-0.64
iShares Russell 2000 ETF (IWM)25,649,202118.060.090.08
Select Sector SPDR-Energy (XLE)22,054,20686.39-1.43-1.63
Direxion Daily Junior Gold Miners Index Bull 3X Shares (JNUG)21,115,5855.690.468.80
VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return (DGAZ)20,840,9162.83-0.28-9.00
Barclays Bank iPath S&P 500 VIX Short Term Futures ETN (VXX)19,682,17427.12-0.19-0.70
iShares MSCI Brazil Capped ETF (EWZ)19,607,64742.690.050.12
iShares MSCI EAFE ETF (EFA)18,089,16564.260.110.17
iShares MSCI Japan ETF (EWJ)17,728,05711.690.030.26
Select Sector SPDR-Financial (XLF)14,519,81624.35-0.02-0.08
Market Vectors Junior Gold Minets ETF (GDXJ)13,463,78629.310.802.81
Direxion Daily Gold Miners Bull 3x Shares (NUGT)12,733,82516.691.8112.16
iShares China Large-Cap ETF (FXI)11,950,44839.69-0.33-0.82
Select Sector SPDR-Utilities (XLU)11,943,84745.320.000.00
Direxion Daily Small Cap Bear 3x Shares (TZA)10,716,09912.97-0.02-0.15
SPDR S&P Oil&Gas Exploration&Production ETF (XOP)9,405,04360.13-1.01-1.65
SPDR Gold Trust (GLD)8,814,910115.380.270.23
Market Vectors Russia ETF Trust SBI (RSX)8,775,49220.91-0.56-2.61
VelocityShares 3x Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return (UGAZ)8,650,89115.921.329.04
ProShares Ultra VIX Short-Term Futures ETF (UVXY)8,493,31820.02-0.15-0.74
Market Vectors Oil Services ETF (OIH)8,459,84043.41-0.99-2.23
Select Sector SPDR-Industrial (XLI)7,902,60557.500.170.30
Vanguard FTSE Emerging Markets ETF (VWO)7,352,42442.50-0.28-0.65
 
Composite
ISSUEVOLUMEPRICECHG% CHG
SPDR S&P 500 ETF Trust (SPY)69,450,591$207.11-0.15-0.07
Apple (AAPL)66,641,352117.60-1.02-0.86
Market Vectors Gold Miners ETF (GDX)59,906,30320.390.804.08
Petroleo Brasileiro ADS (PBR)57,995,10310.39-0.11-1.05
iShares MSCI Emerging Markets ETF (EEM)42,495,08941.82-0.27-0.64
Bank of America (BAC)42,365,24817.10-0.08-0.47
Petroleo Brasileiro ADS A (PBRA)38,964,51211.02-0.04-0.36
Kinder Morgan (KMI)35,873,53340.75-0.04-0.10
Ford Motor (F)31,561,87515.680.010.06
Facebook Cl A (FB)31,156,28375.631.622.19
Huntington Bancshares (HBAN)29,604,58710.11-0.07-0.69
AT&T (T)28,439,93034.820.120.35
General Electric (GE)27,151,65526.86-0.14-0.52
Halliburton (HAL)26,935,84148.26-1.62-3.25
Cisco Systems (CSCO)26,675,07527.280.250.92
Intel (INTC)26,469,15936.320.070.19
Microsoft (MSFT)26,429,02647.47-0.12-0.25
iShares Russell 2000 ETF (IWM)25,649,202118.060.090.08
Sirius XM Holdings (SIRI)24,734,1473.600.030.84
Pfizer (PFE)24,496,84330.470.250.83
Sprint (S)24,481,2385.090.204.09
Vale ADS (VALE)23,997,7949.400.040.43
Alibaba Group Holding ADS (BABA)22,361,662113.47-0.45-0.40
Select Sector SPDR-Energy (XLE)22,054,20686.39-1.43-1.63
American Realty Capital Healthcare Trust (HCT)21,574,21011.430.312.79
 
See All Most Actives
 
Footnotes
Includes common, closed end funds, ETFs, ETNs and REITS
x - stock is trading ex-dividend
Source: WSJ Market Data Group