Share10TweetShareEmail10 Shares“3D Emergency Fund,” Chris Potter. Credit: ccPixs.comDecember 13, 2018; Daily SentinelIn Colorado, which has experienced several mass tragedies in the past, government officials and business leaders are considering establishing a standing nonprofit structure to hold public donations ahead of any new crisis.Attorney General Cynthia Coffman and Lt. Gov. Donna Lynne, among others, are the initiators of the effort, which is to be called the Colorado Healing Fund.“It’s impossible to predict when a tragedy will happen,” says Coffman, whose office seeded the effort with $1 million. “It’s not something we want to think about. But because Colorado has been the center of mass violence before, we must be prepared to take care of victims.”The group’s founding board of directors includes the former principal of Columbine High School in Littleton, Frank DeAngelis.Coffman, along with other attorneys general, are often placed in the position of warning the public about scam fundraisers in the wake of disasters. (This, when we hear it repeated over and over again by officials, cannot do other than erode confidence in nonprofits.)“I’ve seen money from good-hearted people land in the hands of scammers who take advantage of tragic circumstances rather than help those who desperately need it,” Coffman says. “That’s why my office seeded the fund with $1 million. The [fund] will provide a safe way for Coloradans to donate confidently now and in the event of a mass tragedy crime, and ensure that their money goes to help victims, survivors and families.” This is a statement about confidence in this sector that fundraisers and the rest of us should take very seriously.So, the establishment of such a fund may be a good thing, but why does it also strike me as heartbreaking on more than one level?—Ruth McCambridgeShare10TweetShareEmail10 Shares
Discovery has continued on its recent acquisition spree, buying Italian kids and general entertainment broadcaster Switchover Media.Discovery will acquire all of the Italian firm, which operates four free-to-air and pay TV channels in Italy.The US company said that, combined with its existing assets in the Italian market, the Switchover deal will make it the third largest broadcaster in the country by audience shareSwitchover runs free-to-air channels Giallo, a female-skewed investigation-themed service and Focus, a male-targeted factual entertainment channel. It also operates two free-to-air childrens channels, K2 and Frisbee, as well as GXT, a male-targeted pay TV channel.“Italy is a leading market for Discovery and key to our growth here over the last two years has been the development of a successful free-to-air TV business strategy as this platform has grown,” said Dee Forbes, president and managing director of Discovery Networks Western Europe.Forbes, previously at Turner, which runs several kids channels said: “The acquisition of Switchover Media adds further breadth and scale to that free-to-air strategy, as well as diversifying our portfolio to include scripted crime and children’s programming that have proven popular with audiences and advertisers.”With the acquisition of Switchover, Discovery now manages six free-to-air brands and six pay TV brands in Italy. The combined business will be overseen by Marinella Soldi, managing director Discovery Italy and general manager Southern Europe, who is based in Milan.Francesco Nespega, founder and managing partner of Switchover Media, will serve as a consultant and advisor to Discovery.
Sky’s catch-up service is now the “most comprehensive in the UK” according to digital media consultancy Decipher. In its quarterly audit of VOD on the major UK DTV platforms and OTT services, Decipher named Sky as leader in the catch-up space both in the number of channels it has and in its unique assets.However, Netflix was named as the UK video-on-demand frontrunner, with more content than its closest on-demand rivals Virgin Media, Tesco-owned video store Blinkbox and Amazon-owned VOD rival Lovefilm.“One of the key changes in the landscape of UK VOD in the last 6 months has been the introduction, and then the rapid growth, of catch up content on Sky,” said the March Decipher report, claiming this was “historically an area that Sky was weak in.”“It [Sky’s catch-up offering] has grown from a small amount of ITV content, to including catch up from all of the UK’s free-to-air broadcasters, as well as content from Sky’s own channels and others such as History and the Crime & Investigation Network.”In terms of VOD, Netflix was found to have more than 14,000 content assets, having steadily increased its content library each quarter. “Whilst you may not be able to find the latest blockbusters on there, and whilst the content in general may not be as up-to-date as that on Sky, Virgin or Blinkbox, the sheer quantity of movies and especially TV shows puts the US-based service out in front,” said Decipher.
Telecom Italia has reportedly initiated talks with Vivendi, in a bid to counter Telefónica’s bid for the latter’s Brazilian asset GVT, that could see Vivendi take a stake in either Telecom Italia or Telecom Italia Media.The report has stirred speculation about the possibility of some sort of future tie-up between Italian broadcaster Mediaset and Telecom Italia. Vivendi is known to have had talks with Mediaset about the possibility of taking a stake in the latter’s pay TV arm Mediaset Premium.Bloomberg reported that Telecom Italia CEO Marco Patuano and Vivendi chairman Vincent Bolloré have had talks, citing unmanned sources with knowledge of the matter. According to Bloomberg, Telefónica’s offer for GVT, which included the option for Vivendi to take over part of the Spanish telco’s stake in Telecom Italia after the Brazilian deal closed, came after Telefónica executives found out about earlier talks between Telecom Italia and Vivendi.Bloomberg reported that Telecom Italia has proposed a wider alliance with Vivendi, covering not only GVT but the possibility of the Italian telco taking content from Vivendi’s Canal+. Vivendi’s Bolloré is believed to be keen to establish relationships, including the acquisition of minority stakes, with companies that could distribute Vivendi’s content.According to a separate report byReuters, Telecom Italia executives are working on a possible deal with Citigroup, Banco Bradesco and Mediobanco.Bolloré is himself a shareholder in Mediobanco, which is also a shareholder in Telecom Italia via the Telco investment vehicle, through which Telefónica also holds its interest in the Italian telco.According to unnamed sources cited by Reuters, Mediaset Premium could ultimately be folded into Telecom Italia if Vivendi acquires an interest in both entities, even though this is complicated somewhat by the fact that Telefónica’s deal with Mediaset last month to acquire its 22% stake in Spanish pay TV operator Digital+/Canal+ will see it take an 11% stake of its own in Mediaset Premium.Vivendi’s board will consider the Telefónica bid at its next meeting at the end of this month.
Romanian cable operator RCS&RDS has moved forwards with its plans to rebrand its consumer offerings under the Digi label by opening a new Digi-branded store in the Transylvanian city of Timisoara. The operator has already opened a number of Digi-branded stores across the country in the cities of Bucharest, Oradea, Constanta, Galati and Cluj. It ultimately polans to modernise or create 300 points of retail presence across the country.
Cable technology provider Teleste has posted net sales of €68.4 million for the fourth quarter, up 27% year-on-year, while operating profit fell by 7.1% to €3.3 million.Operating profit for the full year was up 28.4% to €14.3 million on sales of €247.8 million, up 25.7%.Teleste said its 4Q profits were hit by weakness in the services business and higher fixed costs. The group saw strong growth in orders for video and broadband products.“Orders received and net sales from the fourth quarter were the best in Teleste’s history. Also, the order backlog surpassed the previous year, particularly in access network products, whereas the operating profit fell from the comparative period. Operating profit was impacted negatively by the weaker-than-expected profitability of the services business and the fact that the main part of deliveries in access network products fell on lower-margin products subject to competition. Moreover, fixed costs were exceptionally at a higher level than those of the previous quarters. Management of working capital called for special attention as the business continued to grow rapidly,” said CEO Jukka Rinnevaara.Rinnevaara said that for access network products, the most significant increase in the orders and deliveries took place in the UK, Belgium and the Netherlands.
Quickplay has struck a global strategic partnership with Harmonic to offer an end-to-end video architecture.The firms say this will deliver greater optimisation, carrier grade scale and performance, with high video quality for Next Generation TV.The partnership will combine Quickplay’s multi-tenant video platform with Harmonic’s video delivery infrastructure solutions.“Increasingly, infrastructure is being virtualised. For our customers, competing and succeeding in the world of premium OTT video means constantly innovating, while operating at scale with superior efficiency, agility and video quality,” said Harmonic senior director of strategic alliances, Ovadia Cohen.“Our partnership with Quickplay will bring customers new options for expanding traditional broadcast and pay TV services.”
For the first time global smart TV shipments exceeded 100 million units in 2015, according to new stats by IHS.The research firm said that in the fourth quarter alone 34.2 million smart TVs were shipped, accounting for 48.5% of all TVs sent out.IHS predicts that smart TV shipments will continue to grow at a “more gradual rate” in the coming years, reaching 109 million units in 2016 and 134 million units in 2020.“Consumers increasingly regard smart functions as essential. The market dynamic has shifted from seeding the market to self-sustaining demand for built-in internet streaming functions,” said IHS Technology principal analyst, Paul Gray.Last year more than 75% of televisions in China were shipped with smart functionality, while the popularity of the feature in North America surged from 36% to 48%, according to IHS.
BT has agreed a deal to sell Sky’s low-cost OTT TV service Now TV to BT TV customers.Sky will make the full Now TV service, which includes content such as Sky Sports, Sky Cinema and the Sky Atlantic channel, available via BT TV set-tops. BT will be able to sell Now TV subscriptions direct to its customers.BT has also agreed to wholesale its BT Sports channels to Sky for the first time, allowing Sky to sell them direct to its satellite customers. BT Sport holds exclusive rights to Champions League football and BT’s package of Premier league matches. Sky customers will now be able to buy BT Sport from Sky as well as from BT.Carrying Now TV means that BT customers will have direct access to Sky Sports. Currently, BT TV customers can only buy Sky Sports Main Event as a bolt-on to their TV service for £27.50 per month, and are not able to choose from the full range of Sky Sports channels.Through Now TV, BT will be able to offer all eleven Sky Sports channels, as well as a Now TV Entertainment passes.BT said the reciprocal deal marked a successful conclusion to years of “on and off” negotiations. The services are expected to be available to customers from early next year.BT CEO Gavin Patterson“This is an important day for BT and for our customers, who will be able to enjoy a whole range of Sky’s sport and entertainment programming on their BT TV boxes,” said BT CEO Gavin Patterson.“This is the next logical step for our TV and content strategy. Having built up an outstanding portfolio of exclusive sports rights and a loyal base of customers, we feel that now is the right time to broaden the ways in which we distribute BT Sport. This agreement fits with our strategic goal of being the best provider in the UK of converged network services, and adding Now TV boosts our growing roster of outstanding content from the likes of Netflix, great pay channels like AMC and all the major catch-up services.”BT’s third-quarter results highlighted the toll that sports costs are taking on the company and its struggle to successfully build on its rights to grow its TV base. The operator, which added only 7,000 TV customers in the three months to March, saw operating costs increase to £1.02 billion, resulting in lower EBITDA.“This deal has taken many years but it is great news for consumers. They don’t have to sign up to different providers. However, this means more to BT giving its ailing TV service, which has been struggling to see meaningful net adds over recent quarter. Hopefully the addition of these premium Sky channels along with the hugely successful BT Sport service, will make BT TV more attractive and drive consumer uptake,” said Paolo Pescatore, SVP, multiplay and media at analyst outfit CCS Insight.“Furthermore this is a significant move for the new head of the combined consumer units of BT and EE. All eyes will now be on the premier league and whatever the outcome both BT and Sky will be in a strong position to air all the premier league matches on their respective platforms. Arguably the biggest losers in this tie up are TalkTalk and Virgin Media.”
Vodafone Portugal has launched a set of Internet of Things services for residential customers, including applications covering mobility, security and location, stealing a march on rival multi-play service providers in the country.Vodafone said it would follow up the initial launch with a series of smart home applications before the end of the year.The new offering, V by Vodafone, introduces management of connected objects through a single app, with an initial focus on three areas.V-Auto provides equipment that can be connected to the OBD plug that is standard in post-2003 car models in the EU, enabling a range of safety features such as automatic contacting of drivers by the emergency services in the event of an accident. V-Auto is available for €79.90 with a €6 monthly charge.V-Cam is an HD camera that connects to the operator’s IoT network and includes automatic motion detectors and a night view mode, as well as the ability to store videos in the cloud. Applications include home security for second homes. The initial cost is €379.90 with a €6 monthly charge.Other applications include V-Pet, to enable users to locate pets through GPS, and V-Bag, to locate suitcases and other forms of baggage.Vodafone has created V-SIM, an IoT SIM card, and a V by Vodafone mobile app to manage IoT applications.“The Internet of Things is already transforming the way companies operate. Now it’s time for consumers to take advantage of this technology. V by Vodafone simplifies the use of a vast list of IoT devices, helping to make the everyday tasks of all Portuguese users more intelligent,” said Emanuel Sousa, head for the residential business unit of Vodafone Portugal.
FANTASTIC traditional music workshops are being offered to children and adults this weekend – Saturday 6th October – through the Alley Theatre’s arts development programme. Supported by Arts Council NI’s Challenge Fund under ‘Youth Arts Take Over’, the project is partnered by ‘Craic’ – a group of local Strabane musicians aiming to make traditional music more accessible across the rural community.The music workshops will be from 1 to 3pm and offer a rare opportunity for an accordion master class with professional musician Leonard Brown – the Scottish Accordion championship winner during his first Northern Ireland show tour. ShareTweet Johnny Crampsie traditional music workshops at the AlleyLeonard BrownstrabaneTHE ALLEY THEATRE Tickets for the workshops are £5 per person and can be booked online through the Alley Theatre website www.alley-theatre.com or the box office on 02871 384444.Johnny Crampsie traditional music workshops at the Alley was last modified: October 2nd, 2018 by John2John2 Tags: Alongside Leonard is Liam Stewart – lead pianist with the Leonard Brown Show – who will be offering piano and piano accordion – so please bring your instrument to the lesson. He will also be offering accompaniment, harmonisation and ‘dressing a tune’ – and is looking forward to meeting musicians of all levels!Beginner’s music classes will also be offered with Anne Marie Devine on the tin whistle and Aishling Murray taking intermediate and advanced whistle. These two young musicians are well established in the local music scene and highly regarded in their own music genres with years of musical training behind them.
Pals Kiara Baird and Derry mum of three Maria Wallace killed in car crash in Ballybofey, Co Donegal in 2016A drunk-driver who killed two women, including a woman from Derry, in a horrific car crash blamed one of the women for driving the car.Dermot Dowd has appeared at Letterkenny Circuit Court after pleading guilty to causing a crash which resulted in the deaths of friends Kiara Baird, aged 19 and mum of three Maria Wallace, from Derry, aged 38.The two pals died when Dowd, 24, ploughed into a lamppost on the outskirts of Ballybofey in September, 2016. Ms Wallace was still breathing and was also rushed to hospital but died a short time later from her injuries.Dowd, of Donegal Road, Ballybofey, pleaded guilty to dangerous driving causing the women’s deaths, dangerous driving, drink-driving, driving without insurance and driving without a license.The court heard how both women had been studying a course with the Education Training Board (ETB) and had decided to go for a couple of drinks in Bonner’s Bar in Ballybofey on the afternoon of September 21st.They met Dowd in the bar and they began drinking together.Around 4 pm, all three got into Ms Wallace’s car and CCTV footage showed Dowd having a number of near misses before travelling out the Glenfin Road.A couple of minutes later he was to lose control of the car, hit a footpath and then strike a lamppost.Dermot Dowd leaving Letterkenny Circuit Court. (North West Newspix)Garda forensic evidence revealed that after it had rained, the road became dry and that weather was not a factor in the crash.Ms Wallace’s car was also in a serviceable condition and was not a factor in the crash on the road which is governed by a 60 kmph speed limit.The families of the two dead women sat in court listening to the harrowing details of how their loved ones died.Maria Wallace’s mum Mary McGonagle’s victim impact statement was read into court.She said that all she wanted was justice for her daughter.“For me there is no pills or operation I could have to heal my broken heart.“All I do now is stand beside Maria’s grave and cry alone.“I would have given anything to keep my coffin in her room to be near her and I still wish I could,” she said.In a victim impact statement, Kiara Baird’s mother Tracy told how they had moved from Dublin to Donegal to start a new life as they felt their neighbourhood was getting rough.She told how her daughter was a little naive and innocent and took people at face value but how she had the most beautiful smile and was always so happy.She said her life had changed forever since she lost her first-born child.“There will always be a big part of me missing with her gone. I really could never express how much I miss and love her, and how lost we all are without her.“I have lost people in my life who I have truly cared about, but the loss of Kiara was nothing I have ever experienced.“It’s like something broke into my chest and just ripped out my heart,” she said. ShareTweet Further victim impact statements were read on behalf of Kiara’s dad Andrew Blake while a poem by Maria’s brother Michael was also read out.Sitting in a grey tracksuit, the accused man sobbed throughout the case.His barrister Mr Colm Smyth, SC, said his client had often wondered why he was not killed in the accident.“He is troubled by the fact that he survived this accident and his two passengers did not.“He accepts full responsibility and that he needs to be punished.“But regardless of the sentence, he will be doing the sentence for the rest of his life,” he said.The court was also told that Dowd has 30 previous convictions for a range of offences including theft and the sale and supply of drugs but has no convictions for traffic offences.Judge John Aylmer adjourning sentencing until this Friday.DRUNK DRIVER WHO KILLED DERRY WOMAN AND HER FRIEND CLAIMED ONE OF THEM WAS DRIVING was last modified: January 31st, 2018 by John2John2 Tags: Dowd had downed several drinks before driving out the Glenfin Road, losing control of the car and striking a lamppost.When Gardai rushed to the scenes, they found the two victims had been thrown from the Citroën C3 car just after 4pm in the afternoon.Dowd initially told Gardai at the scene that Ms Wallace had been driving the car.He was rushed to Letterkenny General Hospital but Kiara Baird died at the scene. ballybofeyDERMOT DOWDDRUNK DRIVER WHO KILLED DERRY WOMAN AND HER FRIEND CLAIMED ONE OF THEM WAS DRIVINGgardaiKIARA BAIRDletterkennyMARIA WALLACE
Mail PRINCETON, W.V. (WOAY) – A Princeton woman is in jail after she shot her estranged husband early Thursday morning.Sgt. S. A. Somers with the Mercer County Sheriff’s Department tells WOAY News that Marina Jones, 51, of Princeton, called 911 and told them she shot her husband. When Deputies arrived on scene they took Jones into custody. Her husband was taken to Princeton Hospital and then was flown to Roanoke Trauma Center in Virginia.The incident happened on Hatcher Church Road.Police are investigating the motive. Jones is being held in the Southern Regional Jail under a 50,000 dollar bond.Stay with WOAY News for further updates. Tumblr Facebook Tyler Barker Tyler Barker is currently the Interim News Director and Digital Content Manager for WOAY-TV. I was promoted to this job in Mid-November. I still will fill in on weather from time to time. Follow me on Facebook and Twitter @wxtylerb. Have any news tips or weather questions? Email me at email@example.com Previous PostMega Millions & Powerball Jackpots Soaring Next PostConcord University’s Beckley Campus Partnering To Host Regional Science Fair, Stem Family Fun Day Google+ Pinterest Home NewsWatch CrimeWatch News Princeton Woman Arrested For Attempted Murder Linkedin Twitter Leave a Reply Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website CrimeWatch NewsFeaturedLocal NewsNewsWatch Princeton Woman Arrested For Attempted Murder By Tyler BarkerMar 15, 2018, 10:22 am 539 0
Pinterest Twitter Previous PostRaleigh County Deputies Searching For Woman Who Escaped Home Confinement FeaturedLocal NewsNewsWatch UPDATE: Candlelight Vigil To Be Held For Greenbrier West High School Student By Tyler BarkerMay 22, 2019, 14:44 pm 1085 0 Linkedin Google+ Tumblr UPDATE: GREENBRIER COUNTY, WV (WOAY) – A candlelight vigil will be held for a Greenbrier West student who died in an ATV accident.On Thursday, May 23, 2019, a candlelight vigil will take place at the Greenbrier West High School football field, beginning at 8:30 pm, for Chad Ramsey.On Saturday, May 25, 2019, funeral services will be held for Chad Ramsey.The services for Chad Ramsey will be held at Greenbrier West’s John C. Estep Gymnasium on Sat., May 25 from 12-2. Funeral service will be at 2pm with burial to follow at the family residence. Carpooling is requested if attending the burial. Parking is extremely limited.— Greenbrier West Cavaliers (@GwhsCavaliers) May 22, 2019————-GREENBRIER COUNTY, WV (WOAY) – On Sunday, May 19, 2019, at approximately 12:26 am, Deputy Z. H. Hudnall, of the Greenbrier County Sheriff’s Office, was dispatched to an ATV accident on a gravel access road near Bingham in the western end of Greenbrier County. ATV riders routinely utilize the area.The involved vehicle was a two-door Polaris Ranger equipped with seat belts and a roll cage. The driver of the ATV, identified as Chad Ramsey, was 18 years of age and was a senior at Greenbrier West High School. Mr. Ramsey was the sole occupant of the vehicle which had run off of the roadway, ultimately resulting in his ejection from the car.Mr. Ramsey was flown to a Roanoke VA hospital where he would succumb to injuries sustained in the accident.Deputy Z. H. Hudnall is the investigating officer. Mail Home NewsWatch Featured UPDATE: Candlelight Vigil To Be Held For Greenbrier West High School Student Facebook Next PostNew HIV Screenings In Kanawha For At-Risk Population Tyler Barker Tyler Barker is currently the Interim News Director and Digital Content Manager for WOAY-TV. I was promoted to this job in Mid-November. I still will fill in on weather from time to time. Follow me on Facebook and Twitter @wxtylerb. Have any news tips or weather questions? Email me at firstname.lastname@example.org
Facebook Home Sports News Sports Baseball Update – July 27 SportsSports News Baseball Update – July 27 By Matt DigbyJul 28, 2019, 00:06 am 134 0 Beckley, WV (WOAY) – In a game where the runs came early, Terre Haute edged the West Virginia Miners 3-2 at Epling Stadium to take all three games of the weekend series.After the Rex jumped out to a 2-0 lead in the first inning, the Miners quickly responded thanks to hits from Matt Rubayo and Clayton Mehlbauer in consecutive innings. However, the deciding run came in the third, when Austin Weiler’s single brought Jacob Mulcahy home from third base.Mehlbauer batted 2-4 on the night, with the run batted in and a run scored, while Greater Beckley alum Cole Kipps pitched 2.1 scoreless innings of relief, striking out four and allowing only one hit. The Miners go on the road for five straight games before returning to Beckley Friday.In the Appalachian League, Princeton lost 3-1 at home to Burlington, while Bluefield fell 7-3 at Danville. Both these series will finish Sunday, followed by an off day on Monday. Previous PostFire Departments Respond to Structure Fire Pinterest Twitter Tumblr Next PostBest Virginia Falls in TBT Second Round Google+ Mail Linkedin Matt Digby Matt Digby is the Sports Director at WOAY-TV. He joined the station in January 2015 – right in the middle of Big Atlantic Classic Week. Read More
I have a secret to share. For the last 43 years, I have been an educator—first traveling all over the world conducting training classes and now through the written word. You’ve probably heard the adage: when the student is ready to learn, the teacher shall appear. The counterpoint to that line of thinking is that you can teach all day long, but it makes little difference if the other person does not want to learn. I agree for the most part, but that doesn’t mean educators should sit around waiting for a magic teaching moment. A good educator knows it is his job to grab people’s attention. So here I sit at my computer, trying to find the magic words to motivate our readers to explore a subject that might be a little scary, but it’s also the best avenue I know of to prevent our life savings from being wiped out in either a high inflationary or a deflationary market. OK, here goes: regular people like you and me should consider internationalizing some of our assets. I hope folks don’t stop reading at the last sentence, thinking this does not apply to them. There is something about the subject of internationalization that turns off a lot of people. I hear comments like: “I’m not leaving this country. My family is here.” Or “That’s for ultra-rich people, drug dealers, and Tina Turner.” Or the one I find really frightening, “I’m keeping my money right here where it is safe and protected by the government.”The Most Powerful Thug I have quizzed many investors who have internationalized a portion of their financial assets, and there is one common line of thought among them. As a government grows, it needs to confiscate a larger portion of private wealth to support its bureaucracies. It also needs to reallocate private wealth to bribe voters and stay in power. It finds ways to “enhance revenue,” as opposed to shrinking its bloated bureaucracy. Hell, our government probably spends a few million tax dollars on a politically connected public relations firm to come up with euphemistic terms like that. Governments are parasites; they must siphon wealth from the producers to survive. For a government to siphon off wealth efficiently, it must know where the wealth is, set up ways to take it, and have a strong enough police force to make sure citizens comply. The intention is to make it easier to pay up than go to jail. Even people with modest nest eggs are constantly looking for ways to legally protect their wealth. Lawyers love it, since it means citizens need a variety of trusts and complicated legal avenues for minimizing taxes. That’s part of the game. As governments press on, the stakes escalate, taxes increase, and we have to escalate our efforts to protect ourselves. Look to New Jersey or France—which recently passed “millionaire taxes” to facilitate going after the super-wealthy. A year later both governments found that the tax revenue they received from the ultra-wealthy had dropped even though they taxed at a much higher percentage of their earnings. What happened? The wealthy moved and took their money with them. Frankly, I’m amazed that the political class seemed so surprised. Instead of more tax dollars coming in, they ended up with fewer. The next move—look for additional ways to “enhance revenue.”Thugs Steal Land Have you heard of the term “eminent domain?” It means that the government has the legal right to confiscate your property for public use. For generations, it meant that if the government was building an airport or school, it could force a property owner to sell needed land to the government. Here in the United States, the Fifth Amendment limits the federal government’s ability to exercise that right. Americans put up with eminent domain because most of us have never had to deal with it. In 2005, the Supreme Court vastly expanded when eminent domain could be used. The Kelo decision allowed a Connecticut city to take private property and transfer it to another private owner as part of the city’s comprehensive economic redevelopment plan. In short, the definition of “public use” is running wild. Just look to the suburban towns in Cook County, Illinois, where private citizens were forced to sell their old Archie Bunker-type houses to the government. Then the government re-sold them to a politically connected developer who built a large condominium complex. Why did they do that? If 20 houses are torn down and 100 condominiums are built in their place, the government increases its tax base and increases “revenue enhancement” by 400% or more. Is this really a public use, or government use?Thugs Steal Gold Additionally, the government has targeted specific assets to confiscate. President Roosevelt confiscated gold by executive order in 1933. When he issued the order, gold was $20/oz. in round numbers. He made it a criminal offense to own gold to “encourage” citizens to comply with the law and redeem their gold for paper money. The price of gold from the Treasury was then raised to $35/oz. Those people holding fresh cash from the government took a huge hit to their wealth virtually overnight. In effect, the US government legally stole wealth from the private sector with the stroke of Roosevelt’s pen. It would be foolhardy to think something like that couldn’t happen again. A recent Casey Research special report on Obamacare makes it clear that seniors may be forced to go offshore for health care that we may be denied in the US. Should my wife Jo or I need a hip replacement or a heart procedure, I don’t want any delays because I have to find a way to move money offshore to pay for the care. Better safe than sorry. We can protect our nest egg by making it more difficult for a confiscatory government to steal it. The government makes more rules, and prudent investors have to look for ways to legally work around them and protect themselves. Offshore investing offers one of the best means to do just that. Of course, the US government doesn’t make it easy. Under the guise of the Patriot Act and the war on drugs, our government has instituted a series of forms demanding that US citizens report all of their foreign assets on a regular basis. In addition, it is escalating its demands on foreign banks to share data with it even though doing so may be in violation of the laws in the local country. Because of the hassle, a lot of foreign banks are getting rid of US clients. Bingo! That’s exactly what our government wants them to do to us. The federal government is frantically escalating its efforts to identify and locate all assets belonging to US citizens all over the world. If you don’t supply the information, there are criminal penalties. It is watching—as Edward Snowden recently pointed out. And it also owns the police force—as Mr. Snowden quickly found out. Prudent people who understand the game will take steps while they still can to legally move some of their assets out of their home country, just like the people of New Jersey and France have done. The government likes to label those who do so as “selfish tax evaders” and “cheats” to discourage us from protecting ourselves. Always comply with the law. Report and pay taxes on your income, but use every legal avenue to protect your nest egg, or you could lose it.Added Benefits to Internationalization Not all of the reasons for going international are defensive. Offshore investments not only offer good investment choices that are not available in the US, they can also provide a tremendous advantage for protecting against inflation. When the dollar inflates, its buying power drops in relation to other currencies. Inside my offshore Roth IRA, I have investments denominated in eight different foreign currencies. As the value of the dollar decreases—which it has for the last 100 years—owning assets denominated in a currency that is increasing in value can offset those effects. I bought a stock on a foreign exchange that could have been bought here in the US. When I sold it for a nice gain, I realized that not only did I take a gain on the stock, I also had an additional profit due to the foreign currency increasing in value against the USD. My goal today is to help our readers understand why a lot of investors, even with smaller portfolios, are looking outside the US to protect themselves and their nest eggs. Internationalizing some of our assets is a darn good insurance policy. How many get-togethers have we had where friends expressed concern about the government and the direction the country is going? The next step in the government chess game will be instituting capital controls, like Argentina has already done. That means the amount of money citizens can take out of the country will be tightly controlled by the government. If we wait until that happens, it will be too late. While Jo and I have no plans to move out of the country—after all, our grandchildren are here—we think it’s plain old common sense to hold some of our investments internationally. In addition to good investment opportunities, we just feel safer because we are better protected from inflation, deflation, or outright confiscation. —- I decided to write this article after reading a new Casey Research special report, Going Global 2013, and quickly realizing that it applied to my readers and myself. I liked that the report covers how small investors can easily get started and discusses investments we can make even if we want to keep our money closer to home. The report also shows us how we can find and open accounts—including an IRA—all around the world, and details more sophisticated foreign trusts and legal ways for larger investors to pass their wealth down to future generations. It even offers steps we can take from our own home to store physical gold in safe jurisdictions like Singapore and Switzerland. Unlike most of the material I read on internationalization, which is written for ultra-wealthy investors (by someone who is trying to garner their business), this report is written for you and me. While most of us will never progress beyond Chapter 8, we can progress to our personal level of comfort and protect our nest egg accordingly. I’ve worked out an arrangement with the authors so you can purchase Going Global 2013and get a free three-month subscription to Money Forever. During your free three months, you’ll receive three issues, have access to all the research on the investments in our portfolio, and access to all of our special reports, like the popular monthly income plan, Money Every Month. Click here for more about Going Global 2013 and this special offer. If this sounds right up your alley, plan to check out the August issue of Money Forever—we have a terrific interview with Nick Giambruno, senior editor of International Man, lined up. Nick’s perspective only amplifies why folks like you and me should take advantage of international investing, and he answers some of the questions that may have popped into your mind as you read this article. Money Forever subscribers should look for the issue in their inboxes on Tuesday, August 20.On the Lighter Side The NFL season will soon arrive. It held its annual Hall of Fame game last week, and this weekend we have a full slate of preseason games. If you are a football fan, I urge you to add a trip to the Pro Football Hall of Fame in Canton, Ohio to your bucket list. I spent a good bit of time walking around the museum, relating childhood memories to Jo. At one time, I had Bears season tickets. It always griped me that the franchise made season ticket holders pay full price for two preseason games or they lost the right to buy the tickets for the regular games. Football, like most professional sports, may receive a rude awakening if our economy does not improve. The Tampa Bay Buccaneers were Super Bowl champions a decade ago and bragged that they had 57,000 people on their season-ticket waiting list. Now they have a hard time filling their stadium, and many of their home games are blacked out locally as a result. On a happier note, I am still receiving colorful emails from our readers about their career encores. Thank you to everyone who took the time to write in. If you have ideas to share and you have not yet dropped me a line, please send your story my way. I plan to share some of your ideas in Money Weekly towards the end of the month. And finally… As long as we are focusing on the government, here are some clever political quotations provided by Courtenay W. We hang petty thieves and appoint the great thieves to public office.—Aesop, Greek slave & fable author. Politics is the gentle art of getting votes from the poor and campaign funds from the rich by promising to protect each from the other.—Oscar Ameringer, “the Mark Twain of American Socialism.” Until next week…
GraphExeter—the best-known room-temperature transparent conductor—is a material built up of several graphene sheets with a layer of ferric chloride molecules in between each sheet. Exeter’s device converts light into electrical signals by exploiting the unique attributes of this material. Says Exeter physics professor Saverio Russo, “This new flexible and transparent photosensitive device uses graphene and graphExeter to convert light into electrical signals with efficiency comparable to that found in opaque devices based on graphene and metals.” At just a few atoms thick, it is ultra-lightweight and portable. Applications? How about photovoltaic textiles that enable your clothes to act as solar panels and charge your mobile phone while you’re walking down the street? Or an intelligent window that can both harvest electricity and display images, all while remaining transparent to the outside? “Smart clothing”—that can monitor a wide range of our functions as we go about our daily lives—is another recent development. Normally, it’s created by weaving conductive materials into fabrics. But that results in flexibility limitations, and it can only be achieved when the conductors are integrated into the design of the clothing from the start. But now, scientists at the UK’s National Physical Laboratory (NPL) have come up with a way to print silver directly onto fibers. The technique involves chemically bonding a nano‐silver layer onto individual fibers to a thickness of 20 nanometers, so that the conductive layer fully encapsulates fibers and has good adhesion and excellent conductivity. Chris Hunt, NPL’s lead researcher on the project, says: “The technique has many potential applications. One particularly exciting area is wearable sensors and antennas which could be used for monitoring, for example checking on patients and vulnerable people; data capture and feedback for soldiers in the field; and performance monitoring in sports. It offers particular benefits over the ‘weaving in’ approach, as the conductive pattern and flexibility ensures that sensors are always positioned in the same location on the body.” Or, how about having a touchscreen on your shirt sleeve? Further possibilities for printed metal inks are being pursued. Scientists at the American Chemical society have employed copper nanosheets, which are inexpensive and highly conductive, as a flexible circuit ink. They took the copper nanosheets, coated them with silver nanoparticles, and incorporated this material into an ink pen, using it to draw patterns of lines, words, and flowers on regular printer paper. Then, to show that the ink could conduct electricity, they connected a battery and lit up an LED at the drawing’s center. Courtesy Northwestern University The battery will continue to work—illuminating that LED—even when stretched, folded, twisted, or mounted on a human elbow. Power and voltage are similar to a conventional lithium-ion battery of the same size. It will stretch up to 300% of its original size with no loss of efficiency and can function for eight to nine hours before it needs recharging, which can be done wirelessly. So far, batteries—which presently power nearly all portable devices—have maintained their edge over supercapacitors for a couple of reasons. One, they’re way cheaper. And two, supercapacitors have low energy density, meaning that the amount of energy they can store per unit weight is relatively small. On the plus side, supercapacitors can be charged quickly and don’t lose their storage capabilities over time. They can literally last for millions of charge/discharge cycles without losing energy-storage capability, whereas the same process in batteries is slow and degrades their internal chemical compounds over time. Should supercapacitors overcome their deficiencies, however, they could be the wave of the future… in which case, we will need flexible ones. A group at the University of Delaware is experimenting with just such a device, using carbon nanotube macrofilms, polyurethane membranes, and organic electrolytes. Research is in the early stages, but the group says that the supercapacitor it’s developed in the lab has achieved excellent stability in preliminary testing. Meanwhile, a team of researchers at the Leibniz Institute for Solid State and Materials Research in Dresden announced last year that they have created a powerful micro-supercapacitor, just nanometers thick and less than half a centimeter across. And it’s bendable. Tests on the new device showed that the tiny power supply can store more energy and provide more power per unit volume than state-of-the-art supercapacitors. Team members are now working on ways to bring down its cost. Another power source that can be harnessed is the sun, through a flexible, transparent, photosensitive device developed at the University of Exeter in England. The device converts light into electrical signals by exploiting the unique properties of two “miracle” carbon-based materials: graphene and graphExeter (developed at the eponymous university). Carbon is a unique element in that its atoms can arrange themselves in many different ways (tubes, spheres, sheets, cubes, meshes), known as allotropes. Each of them, from graphite to diamonds, has distinctive properties. As depicted below, graphene is a carbon allotrope in which the atoms are arranged in a single layer in one plane. It is the thinnest known conductive material. “C’mon Sis, quit crumpling my computer!” It may seem unlikely that those words might soon issue from a young fellow’s mouth. Yet they could, in the not-too-distant future. And it’s because of the hottest trend in consumer products today: Flexible electronics. Some stunning advances in materials technology have made possible a lot of things we never expected to see (or maybe only dreamed of). They are about to lead to a flood of everyday electronic items that you can bend, stretch, crumple, and fold (but not spindle or mutilate). This is a big, big business. One analysis projects that the global flexible electronics market will reach $13.23 billion by 2020, at an estimated CAGR of around 22%. And that’s probably conservative. There’s so much going on in this sector that it’s hard to decide where to begin. But that crumply computer is as good a jumping-off point as any. Remember the old days, when people read newspapers on the train to work, then rolled them up and stuffed the parts they weren’t finished with into their back pockets? The newspaper of the future is going to be kinda like that. Neatly rollable, adaptable to a back pocket. It’s just not going to be made of paper. A September 2013 article from Science Daily asks us to envision “an electronic display nearly as clear as a window, or a curtain that illuminates a room, or a smartphone screen that doubles in size, stretching like rubber.” At UCLA, for example, scientists have fabricated “an elastomeric polymer light-emitting device (EPLED)” that can be repeatedly stretched, folded, and twisted at room temperature while still remaining lit and holding its original shape. The material has a single layer of electro-luminescent polymer sandwiched between a pair of transparent elastic composite electrodes that are made of a network of silver nanowires inlaid into a rubbery polymer. (The EPLED is a type of polymer light-emitting electrochemical cell [PLEC] device. Research is also ongoing in the development of flexible versions of organic light-emitting diode [OLED] displays commonly found in today’s smartphones, but the UCLA team chose PLECs instead because they’re easier to fabricate and simpler to work with.) The developers stretched and re-stretched their PLEC display 1,000 times, extending it 30% beyond its original shape and size, and it still continued to work at a high efficiency. In another test to determine the material’s maximum stretch, the researchers found it could be stretched to more than twice its original size while still functioning. It can also be folded 180° and twisted in multiple directions. Qibing Pei, UCLA’s principal investigator on the project says confidently that “[W]e believe that fully stretchable interactive displays that are as thin as wallpaper will be achieved in the near future.” Roll up the news and take it with you? That may not be far off. Samsung is also working on a flexible screen. The company is mounting its display on silicone that can be bent in half 100,000 times (Samsung claims), yet suffer a loss of light intensity in the crease zone of just 6%—all but undetectable by the human eye. Think of a smartphone whose screen size could be doubled by simply unfolding it. And the technology can be adapted to simple lighting, too. Is this your next desk lamp? Of course, as our electronics become flexible, so must their power supplies, especially in the case of mobile devices. How that power is delivered will depend on how the war between batteries and supercapacitors is ultimately resolved. But scientists are currently working on flexible versions of both. In early 2013, collaborating researchers from Northwestern and the University of Illinois unveiled the first stretchable lithium-ion battery. American Chemical Society To test the ink’s flexibility, the researchers folded the paper 1,000 times, even crumpling it up, and demonstrated that the ink maintained 80-90% of its conductivity. But perhaps the most exciting roles flexible electronics will be playing in the years to come are in the realm of medicine. Because the human body is always in motion, the design of wearable health monitors and implants must take that into account. Yong Xu of Wayne State University has pushed the research forward by inventing a method for fabricating high-performance and high-density semiconductor circuits, and bonding them to flexible substrates. “The ultimate goal is to develop flexible and stretchable systems integrated with electronics, sensors, microfluidics, and power sources, which will have a profound impact on personalized medicine, telemedicine, and health care delivery,” Xu says. Surgery could be transformed. Consider what happens today after a doctor operates to remove a tumor from a patient’s liver. Even after following up with radiation and/or chemotherapy, the surgeon can never be positive that the treatment was successful. “But,” says Tom Jackson, an engineering professor at Penn State, “suppose I could apply a flexible circuit to the liver and image the tissue. If we see a new malignancy, it could release a drug directly onto that spot, or heat up a section of the circuit to kill the remaining cancerous cells. And when we were done, the body would resorb the material. “What I want is something that matches the flexibility and thermal conductivity of the body,” and conventional silicon technology is too rigid and thermally conductive for work like that. Jackson is going to get what he wants. Yes, conventional silicon tech is inappropriate for many uses in and on the body. But might there be a new form of silicon that captures its stability, efficiency, and low cost, yet bends and stretches? Indeed there is, says John Rogers, a cutting-edge materials scientist at the University of Illinois Urbana-Champaign. Rogers’ team has found a way to trick silicon into a more malleable form. Rather than making transistors from conventional wafers, they slice the material into sheets several times thinner than a human hair. “At this scale,” Rogers says, “something that would otherwise be brittle is completely floppy … [in the way that] a 2-by-4 is rigid, but a sheet of paper is not—similar materials, just different thicknesses.” The applications he’s working on are truly mind-blowing. Here are just a few: Imagine a sensor array that can precisely mold to the shape of an organ. Start with the heart. Sensors made of a stretchable, lightweight material and embedded with electronics could wrap around a beating heart like a glove, providing real-time measurements of cardiac activity. The goal, Rogers says, is to detect early signs of arrhythmia and deliver coordinated voltages across the entire organ, rather than administering massive shocks at a few points, as current defibrillators do. Collaborators at Washington University in St. Louis have tested the device, which he calls an “artificial pericardium,” on rabbits and on human hearts removed from transplant recipients. Trials in live patients could be just around the corner. He and his colleagues have also created an electronic “second skin.” It’s a wireless circuit board less than a micron thick that can be stamped directly onto the skin and sealed with a spray-on bandage. The device could enable doctors to monitor a wide range of biological functions, including heart rate, skin temperature, muscle activity, and hydration, for starters—and it conforms so well to the shifting creases and troughs of human skin that it can stay on for up to two weeks before it is sloughed off. It can also send small electric currents to stimulate muscles as part of a physical therapy regimen. And its noninvasiveness makes it especially useful in neonatal care. Finally, Rogers is well on the way to developing Prof. Jackson’s desired resorbable devices. These “transient electronics,” as he calls them, could monitor and prevent infection at surgical sites, then melt away according to a set schedule of days or weeks. And—made up of ingredients found in antacids and vitamin pills—they’re harmless to the human body. During a talk at an electrical engineering conference, a skeptical colleague bet Rogers that he wouldn’t dare swallow one of his transient devices on stage. Rogers won that bet. The shift to flexible electronics is a trend that means a financial windfall for companies poised to cash in on it. One of them—our July recommendation—presently sits in the BIG TECH portfolio. This company makes equipment used to encapsulate organic light-emitting diodes, part of the process that enables electronics to be folded or rolled. As demand for flexible devices takes off, so too will demand for this company’s equipment. For access to this recommendation, simply sign up for a risk-free 90-day trial of BIG TECH.
Platinum’s high came shortly after 8 a.m. in Hong Kong on their Wednesday morning—and it chopped ten bucks lower from there until the real selling began shortly before 2 p.m. Zurich time—and the same time as gold and silver got hit in London. The HFT boyz peeled another ten bucks off the price going into the COMEX close—and it traded ruler flat from here. Platinum closed at $1,129 spot, down 19 bucks from Tuesday’s close. It was just about as bad for the silver equities. They opened down as well—and crashed to their low ticks minutes after 10:30 a.m. EDT. They barely moved off their lows after that, as Nick Laird’s Intraday Silver Sentiment Index closed down 3.06 percent. Here’s the 5-minute gold tick chart courtesy of Brad Robertson. Midnight EDT/noon in Hong Kong is the vertical gray line at the 22:00 MDT mark. You can see that the price/volume action that really mattered occurred between 6:30 and 9:00 a.m. Mountain Daylight time on this chart, with the big volume spike happening once the London p.m. fix was in and the HFT boyz spun their algorithms. The rest really doesn’t matter. Don’t forget to add two hours for EDT—and the ‘click to enlarge’ feature is a must. The dollar index closed late on Tuesday afternoon in New York at 97.99—and made it as high as 98.10 in the early going in Far East trading on their Wednesday morning. It began to slide from there, with the 97.43 low coming just after 10:15 a.m. BST in London. The subsequent rally made it back to within a basis point or two of unchanged by 11:00 a.m. EDT—and it chopped sideways from there into the close. The index finished the day at 98.06—up 7 basis points. As you can tell, there was absolute no correlation between the what the currencies were doing and what was going on in the precious metal market. Ditto for palladium, except the selling in that metal was pretty much done by 1 p.m. EDT—and it traded flat in the 5:15 p.m. close of electronic trading as well. Palladium got smoked for 23 dollars—and closed at $753 spot. With only one exception, the silver chart was a carbon copy of the gold chart—and the HFT boyz really smacked silver at the gold fix. The low in silver came minutes before 10:30 a.m. in New York. Gold’s low came about thirty minutes later. The high and low were reported as $16.075 and $15.655 in the May contract. Silver finished the Wednesday trading session at $15.67 spot, down another 22 cents. Net volume wasn’t overly heavy, which I found surprising, as it was only 26,000 contracts, a thousand contracts more than on Tuesday. The gold stocks opened down a bit—and kept right on going, with the lows coming just before 2 p.m. EDT. After that they didn’t do much. The HUI got hit for 3.63 percent. The CME Daily Delivery Report showed that zero gold and 1 lonely silver contract was posted for delivery within the COMEX-approved depositories on Friday. The CME Preliminary Report for the Wednesday trading session showed that gold open interest in April declined by 54 contracts—and that leaves 471 contracts still open. Not surprisingly, the silver o.i. fell by the 150 contracts posted for delivery yesterday—and that will be delivered today. There are 23 contracts still open in April. There were no reported changes in GLD—and as of 9:32 p.m. EDT yesterday evening, there were no reported changes in SLV, either. Over at Switzerland’s Zürcher Kantonalbank for the week ending Friday, April 17—they reported increases in both their gold and silver ETFs for a change. In gold they added 15,832 troy ounces—and in silver it was 68,360 troy ounces. There was another sales report from the U.S. Mint yesterday. They sold 3,500 troy ounces of gold eagles—1,000 one-ounce 24K gold buffaloes—and 30,000 silver eagles. It was another very busy day in gold over at the COMEX-approved depositories on Tuesday, as 141,031 troy ounces were reported received—and only 100 troy ounces were shipped out. Most of the gold deposited disappeared into the vaults of HSBC USA. The link to that activity is here. Silver activity was also very decent, as 631,802 troy ounces were received—and 555,071 were shipped out. A bit over half the silver that was shipped out came out of JPMorgan’s vault. The link to that action is here. Over at the COMEX-approved gold depositories in Hong Kong on Tuesday, Brink’s, Inc. reported receiving 8,319 kilobars, but they also shipped out a chunky 14,759 kilobars. That’s big movement, dear reader. The link to that activity in troy ounces is here. I have the usual number of stories for a weekday column—and I’ll happily leave the final edit up to you. [Last] Wednesday, I commented that the COMEX is artificially setting the price of silver and gold by means of a purely private betting game (aka bucket shop) comprised exclusively of speculators with no real producer or consumer participation. I attempted to prove this by pointing out that the Managed Money category accounts for 90% of contract position change on both price declines and increases. Since Managed Money traders are defined by the CFTC and the exchange as being pure speculators (as opposed to legitimate hedgers) there can be little doubt that they are just that – speculators. And the same can be said of the financial institutions trading against the managed money traders; since no legitimate producers (miners) or users are involved in the game, the commercial traders are also nothing more than speculators. I hope you recognize that the 90% figure of all positioning is a very conservative estimate on my part, when it comes to typical managed money participation. In fact, the percentage is, at times, much greater than 100%. In recapping last week’s COT Report and compared to their commercial counterparties, the Managed Money traders in gold accounted for 160% of commercial positioning (7,600 contracts vs. 4,700 commercial contracts) and in silver, the managed money traders accounted for 130% of commercial positioning (8,600 contracts vs. 6,600 commercial net contracts). I’d like to see someone from the CFTC or the CME Group try to explain how this wasn’t proof of manipulation on its face, but neither appear to be forthcoming on any serious market matter. – Silver analyst Ted Butler: 18 April 2015 Another day—and more salami slicing—the same old, same old. Taking another look at the gold and silver charts, it’s easy to see that we still have 40 dollars or so to go in gold—and about 50 cents in silver at the most to get back to where we were about five weeks ago. Of course, it’s never the price that matters. As Ted Butler continually points out, it’s the number of long contracts that JPMorgan et al can get the technical funds in the Managed Money category to sell—and then how much they can get them loaded up on the short side on top of that. When those two numbers are reached in both gold and silver, the bottom will be in—and we’re not there yet. Here are the 6-month charts for all four precious metals, updated with yesterday’s damage. Another day—and more salami slicing—the same old, same old Despite the fact that the dollar index got smoked in Far East trading for most of their Wednesday session, the gold price didn’t react much to that fact, or wasn’t allowed to—you pick. The gold price continued to chop a few dollars around either side of unchanged until shortly before 1 p.m. in London trading. The HFT boyz showed up ten minutes after the COMEX open—and then finished the job once the London p.m. gold “fix” was in, with the low coming just minutes before the London close, which was 11:00 a.m. EDT. The subsequent rally didn’t get far—and after the 1:30 p.m. COMEX close, it traded flat for the remainder of the Wednesday session. The high and low ticks were reported by the CME Group as $1,204.40 and $1,185.00 in the June contract. Gold finished the Wednesday trading day at $1,186.80 spot, down and even 15 dollars from Tuesday’s close. Net volume was pretty decent at 139,000 contracts. Of course outside circumstance may intervene at some point—and we could get rallies regardless, but at the moment one must assume that nothing has changed in the short to medium term—and that “da boyz” and their algorithms are still the masters of the precious metal market. And as I type this paragraph, the London open is about ten minutes away. Gold hit a new low for this move down shortly before 10 a.m. Hong Kong time on their Thursday morning. The metal rallied above unchanged for a while, but has begun to head lower in the last hour of trading. The silver price hasn’t done much at all during Thursday trading in the Far East—and is basically unchanged from it’s Wednesday close in New York. Platinum and palladium have been chopping around unchanged as well. Gold’s net volume is getting very close to the 20,000 contract mark—and 99.9 percent of it is in the current front month, so it’s all of the HFT variety. Silver’s net volume is at the 2,400 contract mark, with very decent roll-over volume. The dollar index is chopping higher—and is currently up 13 basis points. It’s unfortunate that yesterday’s trading volume won’t be included in tomorrow’s Commitment of Traders Report as there certainly was improvement in the Commercial net short positions in both silver and gold. This would be especially true in gold, as JPMorgan et al closed it well below its 50-day moving average—and back below $1,200 spot. And as I send today’s effort out the door at 5:20 a.m. EDT, I see that gold and silver aren’t doing much, or aren’t being allowed to do much, although silver is up about a dime at the moment. Both platinum and palladium set minor new lows for this move down—and are trading about unchanged. Gold’s net volume is at 29,500 contracts, which is pretty heavy for such tiny moves in the gold price, so it appears that whatever rally attempts are being made, the price is not being allowed to get far. Silver’s net volume is around 4,500 contracts—and a decent amount is roll-overs out of the May contract. The dollar index, which had been up earlier, is now down a hair. I’m done for another day. It remains to be seen how the rest of the Thursday trading session turns out. It appears that despite what the dollar index is doing, the precious metal prices are being totally controlled by JPMorgan et al in the COMEX futures market—and unless something comes out of left field, I expect that the current trend will continue. See you tomorrow, Integra’s Lamaque South Gold Project and Sigma-Lamaque Milling Complex and Mines are located directly east from the city of Val-d’Or along the prolific Abitibi Greenstone belt in the Province of Québec, Canada, approximately 550 km northwest of Montréal. Québec is rated one of the best mining jurisdictions in the world. Infrastructure, human resources and mining expertise are readily available. The Company’s primary focus is on production planning for its high-grade Lamaque South project. The Lamaque South property is divided into three clusters, the North, South and West cluster. The primary targets are the high-grade Parallel Zone in the North Cluster and the Triangle Zone in the South Cluster. The acquired Sigma Mill, located 1 kilometer from the Parallel Zone and 3 kilometers from the Triangle Zone, is a fully-permitted, 2,200 ton per day mill and tailings facility. The Sigma-Lamaque Mill and Mining Complex include the historic Sigma and Lamaque Mines which operated for 75 and 52 years respectively and produced more than 9 million ounces of gold in total. Please visit our website for more information.
Things may change in the world, but at Unity Grove in in West Alabama, they’re worshipping just like those who did so before the Civil War.Going to a Unity Grove Campmeeting is a trip back in time; the arbor at the camp looks like any other tin-roofed shed, but the closer you get, the further back into history you’ll fall.“The horn has been in one particular family for at least 150 years that we know of,” said campmeeting President April Kyles. “And it’s been passed down to me because I’m blood kin to them. I’m training the little ones to blow it, so they can take care of it when I’m not here any longer.”But it’s not just the horn. Nothing else has changed much since the mid-1880s. Ancestors of the original founders still come back for the weeklong fellowship held in an arbor made out of hand-hewn timber.Some cabins are renovated, and running water and a cafeteria were added over the years, but it’s still a simple place that draws people back year after year.“In a way, it’s a family tradition, but then again God just draws you here because of the special place,” said worshipper Jeremiah Hammond. “My first year, before my first birthday, I attended Campmeeting here with them, and we came here every year after that.”Kyles said it’s always been a wonderful chance for catching up with family and friends.“Growing up I didn’t live here, but I came here and family would be here,” Kyles said. “I’d have all my aunts, uncles, grandparents, everyone would gather here to worship and fellowship and spend time together.”Last August, a tornado plowed through Unity Grove’s campground, snapping trees like toothpicks. Kyles said some even fell within 6 inches of the arbor where they worship. But the arbor stood strong, lending credence to its designation as holy ground.“God put his hand of protection on it,” Kyles said. “As long as we’re worshipping God and doing it like it’s supposed to be done, God’s gonna take care of it.”The Campmeeting features pastors from all Christian denominations, and anyone is welcome. Worshippers can come for just once service, or they can stay the whole week for the full Unity Grove experience.It’s not about having a fancy church or tons of amenities. It’s about people coming together and enjoying fellowship with sawdust under their feet, just like they did in 1856.“When we sing on holy ground here, I know the saints and the people who started this are here,” Kyles said.The week’s last service is Saturday at 10:30 a.m., and all are welcome.Unity Grove Campmeet is located at 6275 County Road 3 in Reform.If you know someone you’d like featured in our Spirit of Alabama reports, please email email@example.com.