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Jun 10, 2015

GATA | THE GATA DISPATCH - June 10, 2015: Kranzler concurs with Goodman on Fed's rescue of Comex gold contract.

Kranzler concurs with Goodman on Fed's rescue of Comex gold contract

Submitted by cpowell on Wednesday, June 10, 2015 12:42p ET Wednesday, June 10, 2015

Dave Kranzler of Investment Research Dynamics today concurs completely with Avery Goodman's analysis, published last night --
-- concluding that intervention by the Federal Reserve rescued the Comex gold contract from a default last month.
Kranzler writes: "I wrote during the period just before first notice of deliveries that the open interest standing for delivery was unusually high. I also suggested that the bullion banks would attack gold and coerce as many of those longs to sell as possible. I also suggested that the Comex would find a way to avoid delivery default. Both of my predictions were fulfilled. Avery's article explains how delivery default was avoided."
Kranzler's commentary is headlined "The Fed Bailed Out the Comex with Hypothecated Gold" and it's posted at the IRD Internet site here:

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

U.S. BEA News Release - June 10, 2015: BEA News: Gross Domestic Product by State, Advance 2014 and Revised 1997-2013

The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today:

Real gross domestic product (GDP) increased in 48 states and the District of Columbia in 2014, according to new statistics released today by the Bureau of Economic Analysis (BEA). Professional, scientific, and technical services; nondurable goods manufacturing; and real estate and rental and leasing were the leading contributors to real U.S. economic growth. U.S. real GDP grew 2.2 percent in 2014 after increasing 1.9 percent in 2013.

The full text of the release on BEA's Web site can be found at


Kraft Foods Group, Inc.


PITTSBURGH and NORTHFIELD, Ill., June 10, 2015 /PRNewswire/ -- H.J. Heinz Company and Kraft Foods Group (NASDAQ: KRFT) announced today that the Canadian Competition Bureau has issued a "no action" letter indicating that the Bureau does not intend to challenge the companies' proposed merger. The transaction remains subject to approval by Kraft shareholders and other customary closing conditions.

Kraft will hold a special meeting of shareholders to vote on the merger on July 1, 2015. Additional information concerning the proposed merger and the special meeting is included in the definitive Proxy Statement/Prospectus, which was filed with the Securities and Exchange Commission on June 2, 2015 and mailed to Kraft shareholders who are entitled to vote on the proposal.

ABOUT HEINZH.J. Heinz Company, offering "Good Food Every Day"™ is one of the world's leading marketers and producers of healthy, convenient and affordable foods specializing in ketchup, sauces, meals, soups, snacks and infant nutrition. Heinz provides superior quality, taste and nutrition for all eating occasions whether in the home, restaurants, the office or "on-the-go." Heinz is a global family of leading branded products, including Heinz® Ketchup, sauces, soups, beans, pasta and infant foods (representing over one third of Heinz's total sales), Ore-Ida® potato products, Weight Watchers® Smart Ones® entrees, T.G.I. Friday's® snacks, and Plasmon infant nutrition. Heinz is famous for its iconic brands on six continents, showcased by Heinz® Ketchup, The World's Favorite Ketchup®.
ABOUT KRAFT FOODS GROUPKraft Foods Group, Inc. (NASDAQ: KRFT) is one of North America's largest consumer packaged food and beverage companies, with annual revenues of more than $18 billion. The company's iconic brands include Kraft, Capri Sun, JELL-O, Kool-Aid, Lunchables, Maxwell House, Oscar Mayer, Philadelphia, Planters and Velveeta. Kraft's 22,000 employees in the U.S. and Canada have a passion for making the foods and beverages people love. Kraft is a member of the Standard & Poor's 500 and the NASDAQ-100 indices. For more information about Kraft, visit and

Forward-Looking Statements Certain of the matters discussed in this release constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, both as amended by the Private Securities Litigation Reform Act of 1995. Words such as "will," "access," "focus," "deliver," "work" "continue" or the negative of such terms or other variations thereof and words and terms of similar substance used in connection with any discussion of future plans, actions, or events identify forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding the proposed merger.
There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements included in this communication. For example, the expected timing and likelihood of completion of the proposed merger, including the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the proposed merger that could reduce anticipated benefits or cause the parties to abandon the transaction, the ability to successfully integrate the businesses, the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement, the possibility that Kraft shareholders may not approve the merger agreement, the risk that the parties may not be able to satisfy the conditions to the proposed transaction in a timely manner or at all, risks related to disruption of management time from ongoing business operations due to the proposed transaction, the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of Kraft's common stock, and the risk that the proposed transaction and its announcement could have an adverse effect on the ability of Kraft and Heinz to retain customers and retain and hire key personnel and maintain relationships with their suppliers and customers and on their operating results and businesses generally, problems may arise in successfully integrating the businesses of the companies, which may result in the combined company not operating as effectively and efficiently as expected, the combined company may be unable to achieve cost-cutting synergies or it may take longer than expected to achieve those synergies, and other factors. All such factors are difficult to predict and are beyond our control. We disclaim and do not undertake any obligation to update or revise any forward-looking statement in this communication, except as required by applicable law or regulation.
Additional Information and Where to Find ItThis communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. This communication may be deemed to be solicitation material in respect of the proposed transaction between Kraft and Heinz. In connection with the proposed transaction, Heinz filed a registration statement on Form S-4, containing a proxy statement/prospectus (as amended, the "S-4") with the Securities and Exchange Commission ("SEC"). The registration statement was declared effective by the SEC on June 2, 2015 and the definitive proxy statement/prospectus has been mailed to stockholders of Kraft. This communication is not a substitute for the registration statement, definitive proxy statement/prospectus or any other documents that Heinz or Kraft has filed with the SEC or sent to shareholders in connection with the proposed transaction. SHAREHOLDERS OF KRAFT ARE URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH THE SEC, INCLUDING THE PROXY STATEMENT/PROSPECTUS, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION.
Investors and security holders may obtain copies of the S-4, including the proxy statement/prospectus, and other documents filed with the SEC free of charge at the SEC's website, Copies of documents filed with the SEC by Kraft will be made available free of charge on Kraft's website at Copies of documents filed with the SEC by Heinz will be made available free of charge on Heinz's website at
Participants in SolicitationKraft and its directors and executive officers, and Heinz and its directors and executive officers, may be deemed to be participants in the solicitation of proxies from the holders of Kraft common stock in respect of the proposed transaction. Information about the directors and executive officers of Kraft is set forth in the proxy statement for Kraft's 2015 Annual Meeting of Shareholders, which was filed with the SEC on March 18, 2015. Information about the directors and executive officers of Heinz is set forth in the definitive proxy statement/prospectus. Investors may obtain additional information regarding the interests of such participants by reading the definitive proxy statement/prospectus regarding the proposed transaction. You may obtain free copies of these documents as described in the preceding paragraph.

Kraft Foods Group

WSJ Biggest Gainers Closing on June 10, 2015.

Biggest Gainers Closing
Biggest Gainers
4:32 pm ET 06/10/2015
HCC Insurance Holdings (HCC)19,801,360$77.3520.6636.44
E-Commerce China Dangdang ADS (DANG)8,420,59910.051.4116.32
Alliance One International (AOI)3,017,5202.280.2814.00
AAC Holdings (AAC)343,39443.394.2310.80
YuMe (YUME)178,0114.780.398.88
Pioneer Energy Services (PES)1,228,0417.550.588.32
A.M. Castle (CAS)260,1486.480.498.18
InterOil (IOC)1,561,60251.043.858.16
Tetra Technologies (TTI)831,5246.960.528.07
Globant (GLOB)248,50429.282.137.85
Clayton Williams Energy (CWEI)329,27564.494.247.04
Chambers Street Properties (CSG)3,876,3058.180.536.93
Lee Enterprises (LEE)364,2033.090.206.92
Leju Holdings ADS (LEJU)1,108,4299.210.596.84
Tredegar (TG)89,86422.191.426.84
MRC Global (MRC)2,097,42915.730.976.57
NQ Mobile ADS (NQ)4,190,9696.230.386.50
Bonanza Creek Energy (BCEI)1,783,91421.011.286.49
Natuzzi ADS (NTZ)2,4642.210.136.25
New Oriental Education&Technology Group ADS (EDU)8,797,11725.371.415.88
Phoenix New Media Cl A ADS (FENG)1,160,0988.370.465.82
Noah Holdings ADS (NOAH)866,12734.661.895.77
GNC Holdings Cl A (GNC)2,520,18146.402.475.62
Nuverra Environmental Solutions (NES)188,7355.520.295.54
Ocwen Financial (OCN)3,529,42210.570.555.49
ChinaCache International Holdings ADS (CCIH)1,631,416$15.533.1024.94
Global Sources (GSOL)154,1316.421.1020.68
Sigma Designs (SIGM)2,994,35810.211.2714.21
Anthera Pharmaceuticals (ANTH)1,858,8807.740.8812.83
51job ADS (JOBS)431,11635.573.9812.60
Receptos (RCPT)2,531,413180.5220.0812.52
CNinsure ADS (CISG)742,3819.371.0011.95
Homeinns Hotel Group ADS (HMIN)851,51030.173.2011.87
Cartesian (CRTN)45,3793.560.3711.60
Xunlei ADS (XNET)1,288,93111.381.1511.24
Universal Truckload Services (UACL)73,94122.532.1910.77
Himax Technologies ADS (HIMX)7,957,3097.720.7410.60
KEYW Holding (KEYW)838,2909.940.9410.44
Liquidity Services (LQDT)332,48010.470.949.86
21Vianet Group ADS (VNET)3,994,20121.851.949.74
Tokai Pharmaceuticals (TKAI)383,14412.861.139.63
Progenics Pharmaceuticals (PGNX)1,563,1126.720.589.45
Sky-mobi ADS (MOBI)491,4404.900.408.89
Caesars Acquisition Cl A (CACQ)133,6158.450.658.33
Layne Christensen (LAYN)537,3329.660.738.17
Genocea Biosciences (GNCA)91,96211.720.888.12
KongZhong ADS (KZ)699,3457.600.568.03
Gibraltar Industries (ROCK)90,99619.941.488.02
KemPharm (KMPH)46,17215.741.167.96
Isle of Capri Casinos (ISLE)893,30619.391.397.72
Direxion Daily India Bull 2X Shares (INDL)344,116$18.561.448.41
Direxion Daily FTSE Europe Bull 3x Shares (EURL)153,48536.102.457.28
VelocityShares 3x Long Crude ETN (UWTI)116,449,7463.670.236.69
Direxion Daily Developed Markets Bull 3x Shares (DZK)12,31672.084.296.33
VelocityShares 3x Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return (UGAZ)58,264,5592.430.146.11
ProShares German Sovereign/Sub-Sovereign ETF (GGOV)4,40138.392.045.61
Direxion Daily Russia Bull 3x Shares (RUSL)1,471,70225.811.365.56
ETRACS Monthly Reset 2xLeveraged ISE Exclusively Homebuilders ETN (HOML)24,47826.731.305.11
ProShares Ultra FTSE Europe (UPV)8,65450.602.364.89
FI Enhanced Europe 50 ETN (FIEU)17,904123.335.434.60
Direxion Daily Latin America Bull 3X Shares (LBJ)11,41537.171.614.53
ProShares UltraPro Financials (FINU)2,43191.603.964.52
Direxion Daily Financial Bull 3x Shares (FAS)4,976,03233.521.434.46
Barclays ETN+ FI Enhanced Europe 50 ETN (FEEU)23,111119.384.984.35
Global X FTSE Greece 20 ETF (GREK)1,038,26012.020.504.34
Direxion Daily Japan Bull 3x Shares (JPNL)15,68358.372.424.33
ProShares Short VIX Short-Term Futures ETF (SVXY)1,368,92090.773.744.30
Direxion DailyTechnology Bull 3x Shares (TECL)228,54938.191.554.23
Market Vectors ChinaAMC SME-ChiNext ETF (CNXT)148,91664.112.594.21
ProShares UltraPro Dow 30 (UDOW)566,54072.912.904.14
ProShares Ultra MSCI EAFE (EFO)4,290111.624.424.12
Direxion Daily Emerging Markets Bull 3x Shares (EDC)1,622,42323.820.944.11
Direxion Daily Brazil Bull 3X Shares (BRZU)130,33959.312.344.11
ETRACS Monthly Pay 2xLeveraged Dow Jones International Real Estate ETN (RWXL)3,92034.801.374.10
ProShares Ultra Bloomberg Commodity (UCD)2,17249.131.904.02
China Shengda Packaging Group (CPGI)218,699$6.942.0140.77
HCC Insurance Holdings (HCC)19,801,36077.3520.6636.44
ChinaCache International Holdings ADS (CCIH)1,631,41615.533.1024.94
DS Healthcare Group (DSKX)2,117,0153.920.7824.84
Galectin Therapeutics (GALT)1,952,4713.730.7324.33
Global Sources (GSOL)154,1316.421.1020.68
E-Commerce China Dangdang ADS (DANG)8,420,59910.051.4116.32
Vericel (VCEL)563,9823.570.4514.42
Sigma Designs (SIGM)2,994,35810.211.2714.21
Alliance One International (AOI)3,017,5202.280.2814.00
Anthera Pharmaceuticals (ANTH)1,858,8807.740.8812.83
51job ADS (JOBS)431,11635.573.9812.60
Receptos (RCPT)2,531,413180.5220.0812.52
CNinsure ADS (CISG)742,3819.371.0011.95
Homeinns Hotel Group ADS (HMIN)851,51030.173.2011.87
Cartesian (CRTN)45,3793.560.3711.60
Xunlei ADS (XNET)1,288,93111.381.1511.24
Supreme Industries (STS)145,6218.490.8310.84
AAC Holdings (AAC)343,39443.394.2310.80
Universal Truckload Services (UACL)73,94122.532.1910.77
Heron Therapeutics (HRTX)7,836,12428.862.7810.66
Himax Technologies ADS (HIMX)7,957,3097.720.7410.60
KEYW Holding (KEYW)838,2909.940.9410.44
Tobira Therapeutics (TBRA)131,08922.762.1110.22
Real Goods Solar Cl A (RGSE)319,4112.730.2510.08
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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