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Jul 28, 2015

Is gold manipulated? Clif Droke thinks he knows without looking: GATA | THE GATA DISPATCH - July 28, 2015.

Is gold manipulated? Clif Droke thinks he knows without looking

Submitted by cpowell on Tuesday, July 28, 2015  Tuesday, July 28, 2015

Echoing the commentary yesterday by 321Gold's Bob Moriarty --

Commerce Data Advisory Council to Hold Second Gathering at Intel Headquarters in Santa Clara: ESA Press Release - July 28, 2015.

ESA Overlay Banner


07/28/2015 01:52 PM EDT

Media Registration Open

WASHINGTON – The Commerce Data Advisory Council (CDAC) will hold its second meeting at Intel's Headquarters in Santa Clara, California on Thursday, July 30. Appointed by Secretary Pritzker, the 19-member council provides guidance on areas such as data management practices; common, open data standards; policy issues related to privacy, latency, and consistency; effective models for public-private partnership; external uses of Commerce data; and methods to build new feedback loops between the Department and data users. The council is comprised of leading technologists and data leaders who work for some of the most innovate public and private sector organizations, including: Intel, Google, IBM, LinkedIn, PayPal, Amazon Web Services, City of San Francisco, Indiana University, and more.
Economics & Statistics Administration

DealBook P.M. Edition - July 28, 2015: Top story: Standard Deduction: Hillary Clinton's Capital Gains Tax Change Misses the Mark

 
Tuesday, July 28, 2015
TOP STORY
Hillary Clinton called out
Standard Deduction: Hillary Clinton's Capital Gains Tax Change Misses the Mark Hillary Rodham Clinton's tax proposal focuses on short-term investors, but it slides over some important details about how people invest.

CMI Spot Prices as of close of Trading in New York on July 28, 2015.

CMI Gold & Sliver

Spot Prices as of traditional New York closing times

Tuesday, July 28, 2015


Gold

Today Change Week Ago Month Ago Year Ago
$1,097.70 $0.00 $1,104.80 $1,180.60 $1,298.45

Silver

Today Change Week Ago Month Ago Year Ago
$14.67 +$0.03 $14.81 $15.70 $20.61

Platinum

Today Change Week Ago Month Ago Year Ago
$988.90 -$1.10 $983.80 $1,083.10 $1,488.10

Palladium

Today Change Week Ago Month Ago Year Ago
$624.25 +$8.15 $630.25 $668.70 $882.00

Gold/Silver Ratio

74.83

U.S. stocks sharply higher after 5-day slump. Wall Street at Close Report | MarketWatch on July 28, 2015.

marketwatch.com

U.S. stocks sharply higher after 5-day slump

Anora Mahmudova, Sara Sjolin
U.S. stocks looked set to break the five-day losing streak Tuesday, as investors looked past softer economic reports and a continued rout in China’s stock market.
The S&P 500 index DJIA, +1.09% added 23 points, or 1.1%, to 2,091, with the energy and sector leading the gains. The energy sector jumped nearly 3%, following a rise in oil prices.
The Dow Jones Industrial Average DJIA, +1.09%  gained 173 points, or 1%, to 17,614, with 25 of its 30 members trading higher. Exxon Mobil Corp. XOM, +4.06%  share surged 3.7%, while Chevron Corp. CVX, +3.66%  rose 3.3%.

FDIC Press Release - July 28, 2015: Agencies Provide Additional Guidance for Certain Resolution Plans.

  FDIC

Press Release

Joint ReleaseBoard of Governors of the Federal Reserve System
Federal Deposit Insurance Corporation
For Immediate Release July 28, 2015

Agencies Provide Additional Guidance for Certain Resolution Plans

The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) on Tuesday provided guidance to 119 firms that in December will be filing updated resolution plans. Based on a review of their plans submitted late last year, the agencies are tailoring the requirements for the submissions. Some firms will receive individual feedback on areas for improvement.

European Markets at Close Report on July 28, 2015: European Stocks Sidestep China Fears to End Higher

marketwatch.com

European stocks sidestep China fears to end higher

Victor Reklaitis
 
European stocks rallied Tuesday, bouncing back somewhat from the prior day’s China-led global selloff, though traders remained unsettled.
The Stoxx Europe 600 SXXP, +1.07% gained 1.1% to close at 390.02, recovering partly from Monday’s 2.2% drop.
Germany’s DAX 30 DAX, +1.06% rose 1.1% to 11,173.91, while France’s CAC 40 PX1, +1.01%  tacked on 1% to 4,977.32, but stayed below the 5,000 level. The U.K.’s FTSE 100 UKX, +0.77% advanced by 0.8% to 6,555.28.

Private Exporters Report Sales Activity for China: USDA, Foreign Agricultural Service Press release - July 28, 2015.


FAS Main Banner Image




 
Private Exporters Report Sales Activity for China

WASHINGTON, July 28, 2015-Private exporters reported to the U.S. Department of Agriculture export sales of 120,000 metric tons of grain sorghum to China.  Of the total, 60,000 metric tons is for delivery during the 2014/2015 marketing year and 60,000 metric tons is for delivery during the 2015/2016 marketing year.

The marketing year for grain sorghum began Sept. 1.

USDA issues both daily and weekly export sales reports to the public.  Exporters are required to report to USDA any export sales activity of 100,000 tons or more of one commodity, made in one day or quantities totaling 200,000 tons or more in any reporting period, except 20,000 tons for soybean oil, made in one day to one destination or quantities totaling 40,000 tons or more in any reporting period, by 3:00 p.m. Eastern time on the next business day following the sale.  Export sales of less than these quantities must be reported to USDA on a weekly basis.

For further information, contact the Export Sales Reporting Staff at (202) 720-9209.

FDIC Professional Liability Lawsuits Update - July 2015: FDIC Press Release - July 28, 2015.

FDIC

Professional Liability Lawsuits

As receiver for a failed financial institution, the FDIC may sue professionals who caused losses to the institution in order to maximize recoveries. These individuals can include officers and directors, attorneys, accountants, appraisers, brokers, or others. Professional liability claims also include direct claims against insurance carriers such as fidelity bond carriers and title insurance companies.
The FDIC follows the policies adopted by the FDIC Board in 1992, , Statement Concerning the Responsibilities of Bank Directors and Officers, which can be found at http://www.fdic.gov/regulations/laws/rules/5000-3300.html#fdic5000statementct, and require Board approval before actions are brought against directors and officers.

GATA Chairman Murphy interviewed on China's reserves, latest attack on gold: GATA | THE GATA DISPATCH - July 28, 2015.

GATA Chairman Murphy interviewed on China's reserves, latest attack on gold

Submitted by cpowell on  Tuesday, July 28, 2015.  July 28, 2015

GATA Chairman Bill Murphy, interviewed by Elijah Johnson of FinanceAndLiberty.com, discusses China's lowballing its gold reserves, the latest manipulative attack on the gold market, and gold's prospects generally. The interview is 12 minutes long and can be heard at YouTube here:

https://www.youtube.com/watch?v=6a6vcMbfvRc

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

Bloomberg Marklets - July 28, 2015.

Bloomberg Markets

Markets Morning


Brent oil enters a bear market, U.K. grows for the tenth quarter in a row and Twitter earnings due after the close.  Here are some of the things that people in markets are talking about this morning.

Oil enters a bear market

Brent closed on Monday in London 20 percent below the peak it reached in May to meet the common definition of a bear market. Despite the recent drop, there is no sign of tightening supply with U.S. and OPEC production continuing to pump record output.

DealBook Today's Top Headlines - July 28, 2015: Executive Strategy at Bank of America | Thwarting the Quick Buck | Bigger is Better in Pharmaceuticals | Greek Preparations for Euro Exit.


Tuesday, July 28, 2015
TODAY'S TOP HEADLINES

By AMIE TSANG
EXECUTIVE STRATEGY AT BANK OF AMERICA Bruce Thompson, Bank of America's former chief financial officer, had taken a victory lap just days before he was ousted from his job. His departure stunned investors, Julie Creswell and Michael Corkery report in DealBook. "I haven't spoken to anyone who isn't surprised," said Mike Mayo, a CLSA banking analyst, who has a sell rating on the bank. "It's a head-scratcher."

NYT First Draft on Politics - July 28, 2015: Huckabee Is New Fulcrum in Republicans' Inner Battles.

7/28/2015 nytimes.com/firstdraft »
First Draft

Huckabee Is New Fulcrum in Republicans’ Inner Battles

Mike Huckabee at a campaign event in Las Vegas last week. John Locher/Associated Press
7/28/2015
By Maggie Haberman
Good Tuesday morning from Washington, where the summer heat and the race to make the cut for the presidential debates seem to have made tempers short. With less than two weeks before the first debate and 16 months before the election itself, candidates have already been accused of breaching the proper bounds of political discourse.

U.S. Stock Market Future Indications - July 28, 2015: U.S. stock futures climb with key Fed meeting in focus

marketwatch.com

U.S. stock futures climb with key Fed meeting in focus

Sara Sjolin
Wall Street was on track to break a five-session run of losses on Tuesday, shaking off China’s continuing rout, as stock futures tilted higher ahead of a highly anticipated Federal Reserve meeting.
Investors were also waiting for fresh consumer-confidence figures, home-price data and earnings from Ford Motor Co. F, +1.11%  and Pfizer Inc. PFE, +0.23% among others.

Asian Markets at Close Report on July 28, 2015: Three-session selloff knocks 11% from Chinese shares.

marketwatch.com

Three-session selloff knocks 11% from Chinese shares

Chao Deng
 
China’s shares fell for a third straight day Tuesday in a second wave of heavy selling this month, which has raised questions as to what further rescue measures Beijing might roll out.
The Shanghai Composite Index SHCOMP, -1.68%  finished down 1.7% at 3663, having fallen as much as 5% and risen as much as 1% earlier. The index has shed 11% since Friday and is down nearly 30% from its mid-June high. The smaller Shenzhen Composite 399106, -2.24%  closed off 2.2% at 2111.70, after falling more than 6% earlier Tuesday.