The Lightnings Historic Dominance Wont Matter Without A Cup

Tag: 南京夜生活

Major League Baseball8/1021.4 National Basketball Association1636.1% LeaguePlayoff Teams per YearFavorite’s Average Championship Probability Hockey favorites don’t have it too badFor each of the four major North American men’s leagues, playoff field size and average pre-playoff title probability* for favorites, 2006-2018 The Stanley Cup playoffs begin today, with the Presidents’ Trophy-winning Tampa Bay Lighting entering as heavy betting favorites. And for good reason: Their regular season resume is impeccable. They earned 128 points by winning 62 games, placing them in a tie with the 1995-96 Detroit Red Wings for the most regular-season wins in league history.En route to all those wins, the Bolts led the NHL in goals scored, powerplay goals scored, shooting percentage and penalty kill percentage1They finished in basically a three-way tie at the top with the Arizona Coyotes and the Columbus Blue Jackets. and finished third in save percentage. Nikita Kucherov became the first player in more than a decade to register 120 or more points, and Steven Stamkos had the most productive season of his already immensely productive career.Tampa is a balanced juggernaut, and every other team should be very afraid of it.With all that said, it must be noted that regular-season dominance hardly guarantees postseason glory in the NHL. Of the 13 teams that have won the Presidents’ Trophy since the lockout of 2004-05, just two have gone on to lift the Stanley Cup. And of the 10 regular-season winners to earn 120 or more regular-season points in league history, just four have gone on to win professional hockey’s ultimate prize.2Each of those teams played in the 1970s and were called the Montreal Canadiens.Still, NHL favorites3So defined by per-game scoring differential. haven’t had it all that bad since the lockout, especially when compared with the other three major North American men’s leagues. Only NBA favorites have had better championship odds going into the playoffs over the past 13 years. While it might not be as inevitable as, say, the Golden State Warriors winning the NBA title in 2018 (or 2017 or 2015), Tampa’s regular-season dominance suggests that it’s poised to continue this trend. The Bolts scored 103 more goals than they conceded during the regular season; the next best mark was set by the Calgary Flames, who posted a +62 goal differential. The gulf between best and second-best is immense, and it underscores Tampa’s historic regular-season greatness. And indeed, Tampa may be the NHL’s best team since the lockout. National Football League1218.7 National Hockey League1623.5 Hockey-Reference.com’s Simple Rating System (SRS), which estimates the strength of every team in the NHL,4Technically speaking, SRS measures a team’s average goal differential after adjusting for strength of schedule. reiterates just how special this Bolts group is. From 2005-06 to 2017-18, just three teams finished the regular season with an SRS better than 1, and no team eclipsed 1.2. The most recent team to do so — the 2012-13 Chicago Blackhawks — won the Stanley Cup. Tampa finished the 2018-19 regular season with an SRS of 1.21. All signs are pointing to late-spring celebrations on the Gulf Coast.Tampa’s only real concern at the moment is the health of Victor Hedman, the reigning Norris Trophy winner for the top defenseman. The Swede missed Tampa’s final three games with an “upper-body injury.” Hedman has a history of concussions, and “upper-body injury” is often NHL front-office code for concussion. The slick-skating defenseman is Tampa’s fourth-highest scorer, its power-play quarterback and the leader of a rearguard partially responsible for that gaudy goal differential. The Bolts can probably survive a first-round tilt against a slightly better-than-average Blue Jackets team without Hedman, but things might not be as easy against subsequent teams.If there’s a cautionary tale for this iteration of the Bolts, it’s that Red Wings team from 1995-96: Detroit earned the second-most regular-season points in NHL history and boasted two of the league’s best offensive players (Sergei Fedorov and Steve Yzerman) and the league’s reigning Norris Trophy winner (Paul Coffey) and yet failed to advance beyond the Western Conference finals. In the NHL, history is written between April and June, not October and April. Tampa is on top of the hockey world at the moment. But that world could change significantly in a matter of weeks. * Based on a logit regression between per-game scoring differential and championships won for each league.Source: Sports-Reference.com read more


Tag: 南京夜生活

Ohio State senior forward Sammy Edwards surveys the field during the second half of the Buckeyes’ 7-0 win against Illinois at Jesse Owens Memorial Stadium on Sept. 14. Credit: Colin Hass-Hill | Sports EditorThe No. 15 Ohio State women’s soccer team (11-2-1, 6-1-0 Big Ten) extended its unbeaten streak to five games with a 1-0 win over Michigan (5-4-6, 2-3-3 Big Ten) Sunday at Jesse Owens Memorial Stadium. Senior forward Sammy Edwards led the way for the Buckeyes with five shots and a goal. The Buckeyes had their breakthrough in the 81st minute as senior forward Eleanor Gabriel tore down the right side of the field and crossed the ball in through the penalty area to a streaking Edwards, where the ball was one timed into the back of the net, the lone goal of the game.The rivalry with Michigan delivered another intense game, as physical play dominated the matchup and it was clear neither team would allow any easy goals. “Just knowing it’s Michigan I think everyone is a little more hype,” Edwards said. “I definitely come into this game very pumped up and I know it’s across the board.”Ohio State outshot Michigan 17-4, and Kerr needed to make only one save. The shutout marks Ohio State’s fifth consecutive clean sheet, the longest streak since 2012. The first half provided a slow, tactical pace from both teams, neither giving the other strong chances at the goal. Most of the half was played around the midfield area as both teams battled back and forth with strong defensive plays. “It’s definitely a mental battle,” Edwards said. “A win on a Sunday can be hard. We sometimes come out slow just from having dead legs but instead of coming out slow we came out fast and set the tone for the game.”Possession favored the Buckeyes in the first half, but both teams spent most of the half measuring the defensive style of the other. Ohio State outshot the Wolverines 6-1, despite neither team finding any strong offensive footing. Michigan’s only shot in the first half came close to finding the back of the net as midfielder Sara Stratigakis sliced into the penalty area and fired a strong shot on goal, which was saved by Ohio State goalkeeper Devon Kerr. The best chance of the half for the Buckeyes came in the 33rd minute on a corner from midfielder Nikki Walts. The ball slipped out of the pack of players to Edwards, who connected with a shot that sailed just above the crossbar. The second half began with a much more frantic pace, with Ohio State leading several quick offensive attacks, which resulted in three shots.Michigan’s best opportunity of the half came on a loose ball play in the 61st minute as a defensive error led to an open lane for midfielder Katie Foug, whose close-range shot flew just over the goal. The Buckeyes had a prime chance to score in the 74th minute as a grounded cross rolled through the box to Edwards, whose shot hit the left post. Michigan goalkeeper Sarah Jackson dove for the ball and missed as it rebounded off the post right on the goal line, but all Ohio State players could do was watch as the ball was cleared by a Michigan defender. “We rely on each other,” Edwards said. “You turn to your teammates and realize that you’re not the only tired one, and you’re not alone when you hit the post. We just look to each other when someone messes up, and I think that contributes to our success a lot.”Ohio State maintained an aggressive play style for the rest of the game, not letting Michigan create many attacks and pelting the Michigan keeper with more shots. Michigan continued trying to apply pressure and equalize, but the patient attack and rigid defense of Ohio State proved too much for the Wolverines. Ohio State’s next game is Thursday against Big Ten opponent Maryland. read more


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first_imgStill, Dolan says his company likes to avoid “overactive markets.” “Right now there’s a lot of play with workflow management and document management at law firms,” he added. “I won’t touch that, we like the dark corners.”Mobile is viewed much the same way online was a few years ago: a huge opportunity but no one really knows what to do with it yet. “Most content businesses now have some sort of digital business. I think soon they will all also be building mobile,” said Quadrangle’s Ezersky. “Right now, the only ones making money from mobile are the carriers. Until a couple big players figure this out and start butting heads, it won’t happen. We’re already at a place where venture capitalists who invested in mobile a few years ago are disappointed.”Multiples Continue to Soar for OnlineEBITDA multiples are starting to see significant disparity. According to DeSilva + Phillips managing partner Reed Phillips, b-to-b EBITDA multiples averaged 11.5x in 2007, compared to 12x to 13x EBITDA for consumer publishing deals. “Those multiples will continue to carry over into 2008 with high quality companies, while third tier companies will continue to struggle,” says Phillips.Meanwhile, DeSilva + Phillips said EBITDA for digital content companies averaged between 7x and 15x EBITDA, while ad networks averaged 10x to 18x EBITDA, and social networks averaged 9x to 16x EBITDA.Deal CultureDespite the bad press for private equity, some speakers said private equity ownership seems to be more forgiving than the public market these days. “VNU couldn’t operate in the public market—now they’re still the same size and because the CEO isn’t making quarterly reports, he can make tough decisions,” says Strauss Zelnick, partner at ZelnickMedia.Dolan advised publishers to keep their operators out of M&A and focused on the business. “Our analogy is, growing organically is farming culture and M&A is hunter-killer culture,” he said, prompting moderator Charles Engros Jr., managing partner at Morgan, Lewis and Brockius, to quip, “That’s a good analogy because sometimes what you’re hunting kills you.” Strategic operators and private equity investors are looking for opportunities in the development of a “fourth leg of the stool,” speakers said today at the annual DeSilva + Phillips Dealmakers Summit. Attractive media companies are going to look very different going forward. “We’re glum about newspapers, and cautious about TV and magazines,” said Peter Ezersky, managing principal at Quadrangle Group LLC.While only a few members of the audience thought the market is in recession right now, the majority said things would get worse before they get better. That has prompted even longtime players in the magazine market to change what they’re looking for. “A lot of our portfolio is made up of advertising-based services but in 2007 we didn’t buy a single ad-supported business,” said Peggy Koenig, managing partner at private equity firm ABRY Partners, which owns consumer enthusiast publisher F&W and b-to-b publisher Cygnus. “A lot of old media has been disrupted. We see much more opportunity now with information services.”Dolan Media, which recently performed a $196 million IPO, has developed a series of services that president and CEO Jim Dolan says are economy neutral or even counter-cyclical, such as a mortgage foreclosure service and continuing legal education.“It’s an easy step from giving them information to giving them services to help them,” Dolan says. “It’s an avenue of growth we hadn’t thought of before 2005. What we’re doing with services is what many publishers are trying to do with online, and that’s build communities. This isn’t an abandonment of anything, doesn’t take away from other services.”last_img read more


Tag: 南京夜生活

first_imgThe women affairs secretary of Brahmanbaria’s Nabinagar upazila Awami League, Swapna Akhter, was killed by miscreants on Wednesday night.Police recovered her body from Bangara area in the upazila around 8:30pm, said Nabinagar circle additional police super Chitta Ranjan Paul, reports UNB.He said the female Awami League leader was returning home at Chairpara by a CNG-run auto-rickshaw after attending a party programme at Satmora.“We assumed that miscreants dragged her out of the CNG and chopped her indiscriminately.”On information, police went to the spot and took Swapna, 38, to hospital where physicians declared her dead on arrival, the police officer said.last_img


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first_imgListen X Share – / 3Every year, more than 250 local artists donate a couple of pieces for the Art on the Avenue auction. The event, now in its 20th year, raises money to help create affordable housing in Houston.But the artists benefit, too.“I’ve sold something every year,” says Marlo Saucedo, who’s taken part in the show for 10 years. “Most of the time, I’ve sold both pieces.”The auction is hosted by the Avenue Community Development Corporation and differs from some of the other typical art auctions out there.“We also share proceeds with the artists so we’re not really trying to just tap the artist for a full donation like a lot of other benefits do,” says Curator Tami Merrick.They’re expecting to raise more than $250,000 during this year’s event. And the effort to create affordable homes and apartments isn’t just for families. Avenue has helped develop the Elder Street Artist Lofts just west of downtown.  “That’s giving artists in the community an affordable place to live and work,” says the organization’s Executive Director Mary Lawler. “So, it’s really helping to contribute to this overall arts district that the Washington Avenue area has become.”The Art on the Avenue charity auction is Saturday night at Winter Street Studios in Houston’s First Ward. 00:00 /01:19 To embed this piece of audio in your site, please use this code:last_img read more


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first_imgFederighi then proceeded to reveal Apple’s actual strategy for media on the Mac: The company is replacing iTunes on the Mac with three dedicated apps for media, including a desktop app for podcasts, an Apple TV app for its TV and movie content as well as its upcoming Apple TV Plus video subscription service, and a music app to access both the company’s Apple Music subscription service as well as local music libraries.“Apple Music in Catalina is the best music app we’ve ever made,” Federighi said.The sunsetting of iTunes was widely expected to happen with OS X 10.15, and follows Apple’s multiyear move away from a transactional digital media business toward one focused on subscriptions. As the latest part of this transition, Apple is going to launch its own video-subscription service, dubbed Apple TV Plus, with original productions from creatives like Steven Spielberg, J.J. Abrams and Oprah later this year. Apple used its Worldwide Developers Conference in San Jose, Calif., Monday to officially announce its plans to end the Mac version of iTunes. The company will phase out its well-known media application with the introduction of OS X 10.15, code-named Catalina, which is expected to be released in September alongside the next version of iOS and the new iPhone.However, the iTunes brand isn’t going away: Apple said the iTunes Store app will remain the place for iOS users to purchase music, while the Windows version of the iTunes application is living on (for now).“iTunes started completely focused,” said Apple senior vice president of software engineering Craig Federighi at WWDC Monday, recalling how the app was initially just focused on music management.He then told the audience about a number of features the company added to the software over the years, jokingly adding that Apple could take this type of feature bloat even further. “How about calendar in iTunes,” he joked. “How about mail in iTunes?” Popular on Variety center_img ×Actors Reveal Their Favorite Disney PrincessesSeveral actors, like Daisy Ridley, Awkwafina, Jeff Goldblum and Gina Rodriguez, reveal their favorite Disney princesses. Rapunzel, Mulan, Ariel,Tiana, Sleeping Beauty and Jasmine all got some love from the Disney stars.More VideosVolume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard Shortcutsplay/pauseincrease volumedecrease volumeseek forwardsseek backwardstoggle captionstoggle fullscreenmute/unmuteseek to %SPACE↑↓→←cfm0-9Next UpJennifer Lopez Shares How She Became a Mogul04:350.5x1x1.25×1.5x2xLive00:0002:1502:15last_img read more


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first_imgVisuals have always been a better way to elucidate one’s feelings as well as reach out to people and connect with much ease and sincerity and so what can be better than photography exhibition, where images speak for themselves.Keeping that thought in mind, ‘Habitat Photosphere,’ a photography festival will hold its first ever international workshop titled ‘The World Upside Down: Modes of Representation in The East and the West’ by French artist Pascal Monteil at the Experimental Art Gallery, India Habitat Centre on Saturday.  Also Read – ‘Playing Jojo was emotionally exhausting’Monteil will take the participants of the workshop, from Rome to Tokyo, through Ispahan, Lahore and Fatehpur Sikri, onto a visual journey through world art histories and their modes of representation. He will be discussing specific paintings as well as his personal journey as an artist taking inspiration from various traditions.Monteil’s works are done using a particular technique called digital painting. “Each one of my work is done minutely with thousands of photographic elements either designed or painted; they are adjusted, superimposed, revised and lit-up on computer. Thanks to digital technique, using these fragments just as a painter would do with his colors and paintbrushes; I wish to achieve pictures with a photographic depiction combined with the very special power of painting to sublime the real and its emotional precision,” said Monteil. Monteil’s work is an exploration and a re-interpretation of Persian and Indian miniature traditions.  Also Read – Leslie doing new comedy special with NetflixDr Alka Pande, curator and art consultant, Visual Arts Gallery, IHC said, “Pascal Monteil is an artist of the world. An international cosmopolitanism, bordering on the exotic and the unknown, characterises his suite of ‘paintings’. He is an artist, who combines the traditional art of painting with contemporary digital photography and makes compelling landscapes which cross boundaries of geographies and cultures. These phantasmagorical imagined landscapes emerge from his experiences and his training as a painter. A peripatetic traveler, his paintings are replete with historical and cultural references. An incredible storyteller, Pascal is a bard, who through his lyrical renditions tells stories about his travels. From the city of love, philosophy and artistic effulgence Paris, he travels to India, to Persia to Japan, reading the landscapes of these ancient civilisations, creating arresting juxtapositions on the canvas.”  Pascal Monteil is a visual artist who lives and works between Paris and various cities in Asia. Beside his artistic practice, Pascal has also been teaching art and architecture for the past fifteen years. The fee for participation in the workshop is Rs 400 for India Habitat Centre members; Rs 500 for non-members and Rs 200 Rs for students. As a part of Habitat Photosphere’s aim of taking art photography into the public space, Monteil’s works will also be exhibited at the Jor Bagh metro station from December 2015 till March 2016.last_img read more


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first_img This story originally appeared on Reuters Register Now » Free Webinar | Sept. 9: The Entrepreneur’s Playbook for Going Global Samsung Electronics Co Ltd aims to use its $56 billion cash pile to fund growth including acquisitions, the tech giant’s investor relations chief said, even as more shareholders clamor for bigger dividends.While the South Korean company’s profit declined in 2014 for the first time in three years as its lead in smartphones was challenged by Apple Inc, investors were cheered by a 40 percent dividend boost and its first share buyback since 2007.But Robert Yi, Samsung’s head of investor relations, signaled that shareholders should not expect the same in 2015 as the company keeps its focus on growth.”Dividends and other forms of shareholder returns are responsibilities that the company has for shareholders, so we will make efforts to meet them. But our primary objective is growth and that is what we are communicating to our shareholders,” Yi told Reuters in an interview.Samsung has become an increasingly active shopper, striking 10 deals in two years. Even so, its purchases have been small, prompting calls from some investors for bigger deals to revive growth momentum.”We are primarily focused on M&A deals for companies that would be good fits to Samsung’s current businesses, and we believe that know-how and experience accrued from such transactions will make bigger M&A deals possible going forward,” Yi said.Samsung Electronics held cash of 61.8 trillion won ($56.14 billion) at the end of 2014.Yi said more value fund managers had bought Samsung shares over the past year as its share price and earnings declined.”Their main interest is to increase long-term value through shareholder returns policies, so they have been calling for more dividends and share buybacks,” he said.Yi declined to comment specifically on plans for buybacks or dividends. A person familiar with the matter told Reuters on Feb. 10 that Samsung would probably pay out less this year than in 2014.South Korean companies are notoriously parsimonious when it comes to dividends. Seoul-listed shares tend to trade at discounts to peers.Yi said Samsung planned to strengthen shareholder outreach, making top management more available to institutional investors and holding more public events.It also wanted to boost investment by foreign retail investors to help build consumer loyalty. Samsung, which does not have American Depositary Receipts, in 2013 arranged a program with Bank of America Merrill Lynch that allows U.S. retail investors to invest directly in its shares. Samsung declined to comment on how many investors acquired its stock through the program.Samsung shares fell to multi-year lows in October but have recovered and were up 3.8 percent in 2015 based on Tuesday’s closing level.($1 = 1,100.8700 won)(Editing by Tony Munroe and Stephen Coates) 3 min read Growing a business sometimes requires thinking outside the box. February 17, 2015last_img read more


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first_imgThe number of 3D TV homes will rocket from 13.5 million at the end of last year to over 100 million by 2017, according to DTVE publisher Informa Telecoms & Media.However, the 3D TV sector faces several challenges including a lack of content, scarcity of channels, high production costs and the fact that many viewers do not like wearing glasses.There is currently a fierce debate in the industry as to whether 3D TV has a viable future, but Informa says that the sector will grow strongly because of the backing of key industry players including set manufacturers, platform owners and the Hollywood studios.The 112.7 million 3D homes by 2017 will be about 8% of the all global TV households.“The market will still be immature by 2017, so some growth opportunities exist beyond this date,” the media intelligence company noted. “Informa believes that 3DTV set penetration will take off, as TV set manufacturers embed the technology into a high proportion of their sets. But take up of 3D content services will be limited, at least until the technology has progressed significantly so that a natural viewing experience, without glasses, is achieved.”By region, Asia Pacific will have the most 3D TV homes by 2017 with 49.6 million. North America will have 33.2 million homes and Western Europe 18.3 million.Latin America will have just 5.6 million 3D TV homes and Eastern Europe and the Middle East 5.8 million.By country the US will continue to be the dominant active 3DTV territory, recording 31.9 million active 3DTV households by end-2017. China will be close behind with 30 million, followed by Japan with 7.6 million and Germany 4.4 million.last_img read more


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first_imgSpanish pay TV operator Prisa is reportedly considering filing for Chapter 11 bankruptcy protection in the US.According to a Wall Street Journal report, which cites people familiar with the situation, the move would come as Prisa seeks to refinance some US$3 billion (€2.3 billion) of debt.The report said that while Chapter 11 is being discussed, no final decision had been made and Prisa could also restructure in Spain. The firm trades on the Madrid and New York stock exchanges.One way that Prisa could reduce its debt is to split off underperforming assets, the reported added, with its pay TV company Digital+ already reportedly up for sale.The news comes less than a month after Prisa CEO Juan Luis Cebrian said that the firm was “in the final stages” of refinancing its debt, with 70% of lenders on board with the plan.Speaking at the firm’s annual general meeting – in his first address to Prisa’s shareholders since his appointment as CEO last July – Cebrian said that the refinancing plan would ensure the viability of Prisa without damaging its growth, or waiting for economic recovery.last_img read more


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first_imgLiberty Global-owned cable operator Ziggo has acquired English Premier League rights in the Netherlands for the next three seasons.Ziggo has the rights to live matches and highlights as well as the rights to make matches available via the internet and the Horizon Go and Ziggo Sport Totaal Go apps.Ziggo Sports will broadcast a selection of Premier League matches via channel 14 of its EPG, with additional matches to be shown on Ziggo Totaal Sports channels.Ziggo already holds rights to Spanish first division football, while UEFA Champions League coverage is available via the Ziggo Sport Totaal package.Ziggo Sport director Will Moerer said that the company would strengthen its sports offering with further rights acquisitions.last_img


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first_imgBayfield Ventures Corp. (TSX.V: BYV) is exploring for gold and silver in the Rainy River District of NW Ontario. The Company’s 100% owned “Burns” Block property adjoins the immediate east of Rainy River Resources’ (TSX.V: RR) world-class gold deposit which includes an indicated resource of 5.72 million ounces of gold, averaging 1.18 g/t, in addition to an inferred resource of 2.25 million ounces of gold, averaging 0.79 g/t. Drilling to date on Bayfield’s Burns Block demonstrates that the ODM17gold zone extends from Rainy River Resources’ ground onto the Burns Block. Bayfield is currently carrying out 100,000 metres of diamond drilling on its Rainy River properties. Drill results thus far have been very encouraging. Notable drill results include 60.05 grams per tonne gold and 362.96 grams per tonne silver over 11.2 metres within 26.70 grams per tonne gold and 170.69 grams per tonne silver over 25.5 metres, as well as 35.93 grams per tonne gold and 359.65 grams per tonne silver over 10.0 metres. Bayfield also holds a 100% interest in two other properties in the Rainy River District. Claim blocks “B” and “C” are well located to the immediate east and west (respectively) of Rainy River Resources’ #433 and ODM17 gold zones. Please visit our website to learn more about the company and request information. I was less than enthralled with yesterday’s price action in both metals…especially those engineered price declines that began shortly after 12 o’clock noon in New York. As I said in ‘The Wrap’ last night, trading was dead in the Far East on their Wednesday.  A one hour rally in gold began the moment that London opened yesterday morning.  At 9:00 a.m. BST the gold price broke through Tuesday’s New York closing high…and that was the high for the day.The price slowly declined from there…and by 12:10 p.m. in New York, gold was down ten bucks from it’s London high.  At that point, the high-frequency traders showed up…and by shortly before the 1:30 p.m. Comex close, they had the gold price down another twenty bucks and change.From that low [$1,653.80 spot] the gold price recovered a bit going into the close of electronic trading at 5:15 p.m. Eastern time.  Gold finished the Wednesday trading session at $1,662.10 spot…down $18.50 from Tuesday’s close.  Volume in the April contracts was very heavy…around 193,000 contracts…with a very large percentage of that being roll-overs.The silver chart was a duplicate of the gold chart.  From its London high at 9:00 a.m. British Summer Time, to its low at the close of Comex trading…$31.68 spot…silver was down a buck.However, silver did manage to claw back some of those loses by the close.  Silver finished the day at $32.04 spot…down 55 cents.  Net volume wasn’t overly heavy at around 29,000 contracts.The dollar index opened around 79.10 in Far East trading yesterday morning…and closed in New York around 79.15.  But between the open and close there was a lot of movement down and then up…and it didn’t matter whether the dollar index was rising or falling, ‘da boyz’ were determined that the gold and silver prices were going to decline…and that’s exactly what happened.The gold stocks gapped down a bit at the open…and then continued down until 12:10 p.m. Eastern…which was the exact time that the rug got pulled out from underneath the gold and silver prices.  Despite the fact that the metal prices cratered from there, the stocks barely budged…and even managed to rally a bit into the close. I don’t know what to make of that, but it certainly seemed counterintuitive to me.  As it was, the HUI finished down 1.82% on the day.The silver stocks did not do well at all…especially some of the juniors…and Nick Laird’s Silver Sentiment Index closed down 2.90%.(Click on image to enlarge)The CME Daily Delivery Report showed that 6 gold and 91 silver contracts were posted for delivery on Friday.  In silver, there were quite a few short/issuers…the big one being Merrill with 52.  But the big long/stopper with 82 contracts was the Bank of Nova Scotia.These above deliveries are the last for the March delivery month…so the decks are already cleared for tonight’s First Day Notice report from the CME.  The link to yesterday’s Issuers and Stoppers Report is here.There were no changes reported in either SLV or GLD.There was a sales report from the U.S. Mint.  They sold a chunky 17,000 ounces of gold eagles…and another 3,000 one-ounce 24K gold buffaloes.Tuesday was another busy day over at the Comex-approved depositories.  They reported receiving 1,518,116 troy ounces of silver…and shipped 650,506 ounces out the door.  The link to that action is here.Silver analyst Ted Butler posted his mid-week commentary on his website yesterday afternoon…and here are his comments on yesterday’s price action in gold and silver.“A quick word on [Wednesday’s] price weakness. The current market structure does not suggest a pronounced price decline ahead. The commercials, acting collusively and with dirty market tricks (HFT) at their disposal, can and do put prices wherever they desire on a short term basis. But it should be clear that the commercials are always the big buyers on these engineered sell-offs. The sell-offs invariably end when there is little speculative long liquidation remaining, as it serves no purpose for the commercials to drive prices lower if they can’t buy more. It seems to me that we are at, or very close, to that point where the commercials can’t induce much additional speculative long liquidation and new short selling in COMEX gold and silver. There’s no doubt that silver is manipulated in price, but there is also no doubt that even manipulated markets have a rhyme and rhythm. Lower prices are rigged by the commercials to get others to sell to them. Bottoms are defined when that selling runs out.”Here’s a chart that Washington state reader S.A. sent my way yesterday.  It appears that it came from The New York Times.  You can see that the middle class is being decimated, with the rich getting richer…and everyone else is getting slowly poorer.Here’s another chart from S.A…and it doesn’t require any explanation from me.(Click on image to enlarge)I have the usual number of stories today and, as always, the final edit is up to you.I believe that there have been repeated attempts to influence prices in the silver markets. There have been fraudulent efforts to persuade and deviously control that price. Based on what I have been told by members of the public, and reviewed in publicly available documents, I believe violations to the Commodity Exchange Act (CEA) have taken place in silver markets and that any such violation of the law in this regard should be prosecuted. – Bart Chilton, Commissioner, U.S. Commodity Futures Trading Commission (CFTC), October 26th, 2010Of course I was less than enthralled with yesterday’s price action in both metals…especially those engineered price declines that began shortly after 12 o’clock noon in New York.  I have no more to add to this, except to refer you to what silver analyst Ted Butler had to say about it further up in this column.  It’s worth your while to scroll up and read his comments one more time.Yesterday’s take-downs occurred after the cut-off for tomorrow’s Commitment of Traders Report, so whatever happened in that short 80-minute time interval, won’t be known until the April 6th COT report.We’re now well below all the moving averages in both gold and silver once again…and I’m not really sure how much longer this engineered sell-off will last.  But, as Ted pointed out, it will be over when JPMorgan et al have been able to force as many leveraged longs to puke up their positions so they can cover their own short positions…or go long themselves.The sell-offs weren’t just restricted to gold and silver, as platinum and palladium got hit as well.As I mentioned earlier on, the last of the gold and silver deliveries for March were posted on the CME’s website last night… and the First Day Notice numbers for the April delivery month will posted on their website later tonight.It was pretty quiet during the Far East trading session during their Thursday, with the Far East low coming at precisely 3:00 p.m. Hong Kong time.  Both metals rallied back to unchanged going into the London open…but both are down a bit [gold about $4…and silver about a dime] as I hit the ‘send’ button at 5:16 a.m. Eastern time.  Net volume in both gold and silver is pretty light…and the dollar index isn’t doing much of anything.April goes off the board in all commodities at the end of trading today…and most volume in both gold and silver are now trading in their new front months…June for gold and May for silver.With month end and quarter end coming up hard during the next two trading days, I’m expecting a fair amount of price gaming across the board in just about everything…and it wouldn’t surprise me if the engineered price sell-off in the precious metals yesterday was part of that.It will be interesting to see what ‘da boyz’ have in store for these last two business days in March.That’s it for today.  I hope your Thursday goes well…and I’ll see you here tomorrow. 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Tag: 南京夜生活

first_imgIn This Issue. *  Currencies lose their mojo after Draghi comments. *  Was Draghi greasing the tracks? *  Or just jawboning the euro lower? *  Pound to close out a positive week. And Now. Today’s A Pfennig For Your Thoughts. Draghi Throws The Euro Under A Bus! Good Day! . And a Happy Friday to one and all! Once again this morning, I have “morning sickness”. If I were a female I would either be concerned, or happy! But I’m not, so my “morning sickness” is a symptom of the cancer medicine I take twice a day. I usually take my first dose around 8 o’clock  in the morning, and the second one before I go to bed. Yesterday, about 10:30am I sat back at my desk, and said, “Hey, I feel pretty good! YAHOO!” But then I reached in my pocket for something, and realized I had not taken my medicine yet! No wonder I felt pretty good! UGH! Oh well, the price we pay, right? The price the euro paid yesterday for having a Central Bank President like Mario Draghi, was quite steep! Well. For  a while on Thursday morning, it appeared there would be no drama at the ECB meeting, and traders took their cue from that, and began pushing the euro higher and higher, and soon it looked like it would reach 1.40. But then the trap door was sprung underneath the euro by ECB President Draghi, in the press conference following the meeting.  Draghi must have been genuflecting when he saw the euro around 1.40, because he pulled out a big gun, and said, “The ECB is comfortable with acting in June if needed”.   Uh-Oh, there went the no drama, and the rise of the euro! Soon the euro was falling like a rock through the 1.39 handle it had held so strongly all week, and it was all because Mario Draghi decided to jawbone the currency lower. I’ve told you before that I don’t believe that the ECB is interested in participating in the currency wars. This jawboning was simply to knock some of the bloom off the rose (euro) and leave the markets with questions. Questions like: why June? And what does he plan to do? And hasn’t he seen the recent Eurozone data showing strength, albeit nascent, but strength nonetheless?  But he was not about to answer these questions. And the markets were left with no answers, and no reaction other than to mark down the euro, which is exactly what Draghi wanted! So, do you think that Draghi was just greasing the tracks for additional stimulus in June, or was he simply jawboning the currency lower to keep it from hitting 1.40?. (from all that I read leading up to the ECB meeting, most observers were falling in line with the thought that if the euro hit 1.40, that it could really gap up from there very quickly!) I’m of the opinion that he was simply jawboning the currency lower. and just like at previous meetings when the thought was so prevailing in the markets that he would do something, and he didn’t, the June meeting will play out the same way.  Shame we have to wait until June, but again, this is part of his ploy folks. He knows that if he puts June out there, that the euro will have difficulty finding a bid to take it higher again until the June meeting passes, without additional stimulus.  And then he can simply move the goal posts to say August. Eventually, the markets won’t play this game with him any longer, and will decide to take the euro to wherever they wish. And before all this jawboning, they wished to take it higher! While Rome burned (the euro fell in value) Aussie dollars (A$) played the fiddle. It was very strange to see, but the A$ held onto gains yesterday all the time the euro was getting sold. But this morning the A$ has given back a small amount of those gains. Yesterday it was reported that the Aussie labor picture was getting brighter, and that was all the A$ needed to get it in gear. For those of you keeping score at home, Aussie Employment for April rose 14,200 which was better than the expectations of a 8,800 gain. The Unemployment Rate remained unchanged at 5.8%… I know these numbers sound paltry compared to the U.S. or even the Eurozone, but you have to remember the difference in size of economies. Another currency that held their gains, is the Canadian dollar. Yesterday we saw some housing data from Canada, that showed that Canadian Housing Starts rebounded strongly in April rising by 24.4% VS April a year ago. That reversed the 17.9% drop in March, that brought the homebuilding sector to a 5-year low. So, this was good to see in Canada, and the Canadian dollar / loonie took its cue to rally from this data. And looking at the screens this morning, the loonie is still basking in the sun.. The Chinese renminbi / yuan got marked down again last night. Yesterday, I told you about how the latest Trade report was so good in China, and I think that the Chinese decided to let this be a lesson to traders and investors, that just because China prints good data, it doesn’t mean the renminbi / yuan will automatically see appreciation. So, next week, we should be back to normal. That is unless someone up high at the Peoples Bank of China (PBOC) reads the Pfennig! HA ! As If! The Norwegian krone got caught up in the euro selloff yesterday after the Draghi comments, but has tried to rectify that situation overnight, by eking out a rally. In fact, the krone is the best performing G10 currency overnight. Norway printed their April inflation report last night, and the fact that inflation surprised to the upside 2.5% Year on Year, really got the krone moving in the right direction. Norway’s Norges Bank has been wrestling with this inflation or deflation tug-o-war for over a year now, and although we have to be careful making calls on one month data reports, for now, it looks like inflation is winning this tug-o-war in Norway, and that will go a long way toward allowing the Norges Bank to push the rate cut calls to the side of the road, leaving rate hikes on the road all by themselves! Reserve Bank of New Zealand (RBNZ) Gov. Wheeler, followed up his whacking of the New Zealand dollar / kiwi, the night before with his “diss the currency stick” , with a speech on the housing market overnight. He didn’t get the “diss the currency stick” out this time, but the pain from the previous night was not forgotten in the markets, and kiwi was still searching for a bid this morning. Emerson, Lake and Palmer’s (ELP) great song, Lucky Man, is playing on the IPod right now, and it reminded me of a conversation I had with the radiologist last week when they took my scans. He asked me to go through my cancer history. I told him that in June 2007, I had my left kidney removed, and two weeks later I had my right femur and hip removed. Then In April 2010 I had my left eye removed, and then in Sept 2012, I almost had my right mandible removed, and that I had tumors in my jaw and chest right now.. He said, “Whew, you’ve been through a lot”.. I said, yes, they call me “Lucky”. Sorry for that long stray away from the task at hand, but as I’ve explained through the years, this is a stream of consciencenous in the morning, and sometimes that’s what you get! Well, Gold wasn’t able to withstand the euro selloff like the A$, and loonie did yesterday. Gold lost the $4 gain it had on the books before Draghi, and then some losing $3 on the day to $1,289. Recall yesterday I told you I thought the stories that Putin was pulling troops away from the border of Ukraine was B.S..  And those stories were responsible for Gold losing over $10 the previous day. Well, the story this morning is that Putin is “flexing his military muscle”. Not sure what that entails, but trust me, it can’t be good, but good for Gold. Unfortunately, Gold is flat this morning, so apparently the Gold guys returned to their rocks that they live under overnight. There’s been a plethora of data from the U.K. in the past two weeks, and most of it has been favorable to the Pound Sterling / pound.   Even with the selloff yesterday, alongside the euro, the pound will most likely end the week on a positive note. That’s a feather in the pound’s cap for sure! This morning, U.K. March output data was bang on with expectations, which should be supportive for the pound, today. Let’s see if the pound can shake off the euro drag, and eke out a gain today just for GP. Chris and Chuck were talking yesterday, which is a rarity these days, and we were talking about how for 5 years, all we’ve heard from clients is that they were looking for yield. and now that a country is out there hanging up yields like neon lights, no one is interested. Sure, it’s Brazil, and there are lots of reasons to shy away from the Brazil, but there’s one reason to put it into the speculative section of your investment portfolio, and that is. a 3 month real CD pays a “risk premium” in my opinion at 8% plus. So, you hold the currency and it goes on another losing streak, you have 8% in cushion before you begin to lose principal. But remember, I think that this should only be inserted in the speculative section of your investment portfolio. How creative! I just saw on one of our TV’s here in the Trading room that a driver got busted for using a Mannequin as his passenger in the HOV lane. I wonder how long he got away with that? But, you have to admit that’s creative! And one more sidebar thing today. I just saw that the guy that was the voice of “Tony The Tiger” died.  RIP. The U.S. Data Cupboard was searching for data yesterday and found the Weekly Initial Jobless Claims, which if you recall shot up big time two weeks ago, but yesterday, the dropped by quite a bit, proving that this data is volatile and shouldn’t be used as something to trade from. The Weekly Initial Jobless Claims fell to 319,000 from 345,000. The Bloomberg Consumer Comfort Index fell from 37.9 to 37.1. No biggie, just looking for something in the Data Cupboard!  There’s not much to look at today either, so the markets have to live with the Draghi comments all day, which means I doubt the euro will be able to mount much of a rebound today. Before I head to the Big Finish today. Peter Coyne of the Daily Reckoning (www.dailyreckoning.com) was talking about the economy yesterday and asked this question.. When you look at America do you see. Fat, bloated and unbearably indebted government that coddles certain business, industries and individuals at the expense of the rest of us schmos? A pasty-white, dying economy with just enough statistical rouge from government to fool people into thinking there’s a recovery? A top-down, marionette market where all prices look funny — like viewing the world through a heavily astigmatized person’s eyeglasses? Or do you see. A coming of age of wealth that surpasses anything you and I have ever seen before? I bet you can correctly guess which side of the coin I’m on, eh? But I wonder about everyone else, for if everyone else sees this the way I do, then our phones should be lighting up daily with investors looking to diversify further out of the dollar. And that certainly isn’t happening. So, if you feel this way, what are you waiting for? The Dollar Index was teetering on falling below 79 yesterday, a level it has not fallen below since this April of 2012. I’ve read that the great Richard Russell believes that if the Dollar Index falls below 78, then it’s all over but the singing for the dollar. Yes, we’ve got a ways to go, with the Dollar Index around 79.53 this morning, but like I said, before Draghi decided to throw the euro under the bus yesterday, the Dollar Index was preparing to fall below 79. For What It’s Worth. I looked long and it was difficult to find a worthwhile story to include here this morning, and then finally it flashed across the Bloomberg screen! A story that’s titled: 6 Dubious Yellenisms From The Fed Chair’s Testimony.  OK.. so, I don’t have time or room for all 6. but you can find them at this website: http://www.marketwatch.com/story/6-dubious-yellenisms-from-the-fed-chairs-testimony-2014-05-08?reflink=zacks OK. here are a couple of snippets from the story.  “Federal Reserve Chair Janet Yellen did a masterful job navigating the political shoals of the Joint Economic Committee yesterday. She told liberal Vermont Sen. Bernie Sanders (I-VT) that she shared his concern about the Koch brothers and inequality, and conservative Indiana Sen. Dan Coats (R-IN) that Congress needed to act soon to reduce long-term budget deficits. But her testimony, and the discussion that followed it, raised a host of serious questions about the role of the Federal Reserve in this sluggish economy. As Chair Kevin Brady (R-TX) told Yellen, her “don’t worry, be happy” monetary message might not work. From what I heard, there were at least six issues on which she spoke that made no sense. I’ll call them Yellenisms. Linked to inflation is the question of asset bubbles . Rep. Richard Hanna (R-NY) asked Yellen about Meltzer’s concern that seniors on fixed incomes are taking too much risk in the stock market because they can’t get a historic rate of return on their savings accounts. Yellen, in full “don’t worry, be happy” mode, sees no evidence of an asset bubble in equities. Plus, she highlighted the advantages for Americans of low mortgage rates that have served to increase the value of houses, Americans’ main asset. True, house prices have gone from underwater to back in the black, as she said. Is this another bubble, especially given the current softness in the housing market? It will take us another few quarters to be sure. Former Fed Chairman Alan Greenspan did not see asset bubbles, but they surfaced and popped anyway. The “don’t worry, be happy” message continued in Yellen’s comments about the limp 0.1% GDP growth rate in the first quarter, which she attributed to the weather . That implies that with the Fed’s 2014 GDP forecast growth rate at 2.8% to 3%, GDP growth should be above 3% for the rest of the calendar year. But if the weather is not to blame, this shows that our economic problems are more serious than she realizes. Don’t worry, be happy” also applied to the labor force participation rate , which appears to have stabilized at 62.8%, equivalent to levels in 1978. Answering questions from members, Yellen said that the declining rate is driven by retirements, even though young and middle-aged people are also working less. It is positive that the rate is no longer declining, that it appears to have stabilized, because that is consistent with an improving labor force. However, the labor force participation rate for people ages 25 to 54 is 80.8%, compared to 84.6% at its peak in January 1999. If the labor force participation rate were at 1999 levels, an additional 4.7 million people would be in the workforce.” Chuck again. I know, I know that was longish. sorry. but I thought all of the snippets were important, and I suggest you click on the link above to read the whole story, the writer highlights 6 things that didn’t make sense in the answers to questions at the testimony. But, the lawmakers accepted them. know why? Because they didn’t want to get into a saber rattling contest with Yellen. To recap. ECB President Mario Draghi pulled the rug from under the euro yesterday, saying that he felt comfortable adding stimulus measures at the June ECB meeting. The markets panicked and sold euros like funnel cakes at a state fair. Was Draghi greasing the tracks for additional stimulus, or was he jawboning the currency lower before it made the great leap to 1.40? Chuck thinks it the latter of the two, and therefore the euro selling has been overdone. Aussie and Canadian dollars held their gains on good data news yesterday, but A$’s have backed off a bit overnight. The Data Cupboard is bare again today, so the markets are left the sour taste of Draghi’s comments to trade on today, which means the euro won’t be able to rebound today. Currencies today 5/9/14. American Style: A$ .9370, kiwi .8640, C$ .9235, euro 1.3790, sterling 1.6880, Swiss $1.1320, . European Style: rand 10.3650, krone 5.8985, SEK 6.5385, forint 220.30, zloty 3.0335, koruna 19.8580, RUB 35.18, yen 101.75, sing 1.2490, HKD 7.7515, INR 60.00, China 6.1581, pesos 12.96, BRL 2.2140, Dollar Index 79.65, Oil $101.07, 10-year 2.60%, Silver $19.21, Platinum $1,432.00, Palladium $803.90, and Gold. $1,291.71. And it’s been some time since we took a peek at the Debt Clock, so should that be something you want to do, and I would if I were you to get you focused on how the dollar will respond eventually to these debt numbers, click here: http://www.usdebtclock.org/index.html That’s it for today, except a GREAT BIG SHOUT OUT to all the mothers out there! Sunday will be Mother’s Day, and a day that hits me like a ton a bricks each year since 1997. That was the year, on the final day of the year, that my mom passed away. She had fought MS for many years, and then when cancer was diagnosed, the two just didn’t allow her to live much longer.  So, when Mother’s Day comes around, I sit back and think about my mom and how she loved to sit in the basement while my band would practice, listening to us, giving us encouragement, we always knew we had at least one fan! I think about how every elementary school day I would come home from school for lunch, and it would be waiting for me, and about a million other things she did for me. And I was just one of 7 kids, of which we all received equal attention! One time, the school called and told my mom that I was not applying myself to a subject. (In those days, parents took the school’s word, and the kid heard about it when they got home!) She sat me down, and explained in no other terms that I was the oldest boy, therefore I would be responsible for taking care of the family should something happen to dad. She said, that I would be the one that would get to go to college, and then said, “don’t you want to be better than everyone else?”. Well, that straightened me out in a heartbeat! I then turned around to be a model student!  So, here’s a mental hug and kiss for you mom. Happy Mother’s Day! And Pfennig tradition has me including a Mother’s Day Poem today, so here you go. For all the times you gently picked me up, When I fell down, For all the times you tied my shoes And tucked me into bed, Or needed something But put me first instead. For everything we shared, The dreams, the laughter, And the tears, I love you with a “Special Love” That deepens every year. Chuck Butler President EverBank World Marketslast_img read more


Tag: 南京夜生活

first_img Suspension of high-cost shafts or even entire mines; “True capitulation involves extremely high volume and sharp declines. It is usually indicated by panic selling. The word is a derived from a military term which means to surrender.”—Investopedia It appears the gold market, despite the occasional good day, has entered a phase of true capitulation. Gold has fallen 40% since its $1,921 high in September 2011. GDX, the gold miners’ ETF, is down a numbing 78%. Many gold stocks are now selling at their 2008 lows, with some back at their 2001 lows (and major miner Barrick Gold is now at its 1992 price). This will wreak havoc on the industry. If current price levels remain through the end of the year, we will see: More asset impairments and reserve reductions; Bank-required hedging on marginal assets; and Difficulty meeting debt payments; Reduction in credit ratings, and withdrawal of credit lines; Junior companies closing their doors. We are massively long, of course. But should we be? And does it make sense to hold when market fundamentals are crumbling so fast? Assuming you own companies that can survive a period of low prices, our answer is most definitely YES! Here’s why: Selling locks in losses. It also leaves most people too emotionally stunted and financially weak to reenter. It’s a mistake to let one’s emotions prompt the realization of unnecessary losses and a premature exit from the sector, especially when signs of capitulation indicate that the market is close to its bottom. Warren Buffett bought a stake in the Washington Post Company during the 1973-1974 bear market, an investment that increased tenfold a decade later. Reduced or eliminated dividends; This downtrend is unsustainable. Many producers are selling below their current all-in costs, and others are dangerously close to slipping into the red. According to CitiGroup, about 75% of gold mining operations are not profitable at sub-$1,200 gold. Unless 2.6 billion people in China and India suddenly change their minds about gold, something’s got to give.center_img We’re not alone. Both the US Mint and Royal Canadian Mint saw a surge in demand in late October. Silver Eagles are temporarily sold out. German dealers report a sharp increase in demand and expect to announce delivery delays. Russia’s September purchase was the biggest ever and greater than its own production. Demand in China and India continues unabated—current prices are “irresistible” for shoppers in both countries, says Standard Chartered. Further job cuts, especially in exploration; Marty Whitman, manager of the Third Avenue Value Fund, paid about 20 cents on the dollar for Kmart bonds bought before and after the company filed for bankruptcy protection in 2002. Needless to say, many investors considered him a fool, as it looked certain the company would fail. However, when Kmart emerged from bankruptcy and his bonds were exchanged for stock, those shares jumped higher by an order of magnitude before being taken over by Sears. Following the 9/11 attacks, airline industry sentiment reached abysmal lows. It took Boeing stock about a year to bottom. But those who did their research and acted boldly quadrupled their money on Boeing over the next five years. As we’ve outlined before, the gold market fell for roughly two years in the mid-1970s. Bearish sentiment pervaded, gold bugs were mocked, and chart patterns were negative. After bottoming on August 25, 1976, gold rose a staggering 721% by January 21, 1980, just three years and five months later. As you might surmise, Doug Casey made a fortune in gold stocks during this period, partly due to buying shares at the 1976 bottom. In each example above, investors made a fortune by buying when things were at their most pessimistic. Note that none of the successful investments above required the investor to know, or even guess, where the bottom of the market was. All they had to do was buy deeply undervalued assets when others would not. The current situation for gold stocks is similar. Multiyear low prices, extreme pessimism, panicked selling, scornful media… you get the picture. The “blood” may not be done flowing in the gold sector, but the opportunity emerging is similar to these extreme scenarios in history. Every investor keen on extraordinary gains should be prepared to capitalize on this opportunity. That’s exactly what I and many others at Casey Research are preparing to do. As Louis James likes to say, you don’t try to catch a falling safe; you let it smash and then pick up the treasures scattered about. It’s not easy, but that’s why there’s so much profit in it for those who have the cash and courage to follow through. As for the physical metal, in a world as chaotic and dangerous as ours, we’d argue that everyone should maintain a store of physical value under their direct control—one no government can inflate away. It’s only a matter of time before this game the central bankers and politicians are playing is up and a fuse is lit under the gold price. Owning gold is as important as ever, if not more so. And it’s on sale. On that subject… Get Three Months Free International Storage In the most recent issue of BIG GOLD, we arranged for three months of free international bullion storage at a low-cost facility in what is viewed as the top bullion storage jurisdiction in the world. The vault itself is widely considered to be one of the world’s top private vaulting services. This offer can strategically—and inexpensively—position you for the inevitable endgame. I suggest preparing for that now. Slow or no board approval for new development projects; Gold is the ultimate currency. It’s less about inflation vs. deflation and more about crisis—and the risk of multiple currency crises around the world is extremely elevated. Gold will respond in a massive way when that risk becomes reality. These and other factors are all valid reasons to hold on. But there’s another reason that may be the most exciting of all… How Do You Spell Capitulation? O-P-P-O-R-T-U-N-I-T-Y! The gold selloff has been so brutal that we’re now approaching a true “blood in the streets” moment. That phrase is widely attributed to Baron Rothschild, who made a fortune after the Battle of Waterloo against Napoleon. With the blood of dead soldiers literally staining the streets, he bought when almost no one in their right mind wanted to. We may not be quite there yet with gold, but we’re close. To get an idea of the kind of profits contrarians can earn under such circumstances, let’s look at five top examples from history… In 1939, while Hitler was invading Europe, John Templeton invested $100 in every stock trading below $1 on the New York and American stock exchanges. His portfolio was partly junk: of the 104 companies he would purchase, 34 were in bankruptcy. But four years later, his $10,400 investment was worth over $40,000.last_img read more


Tag: 南京夜生活

Reviewed by James Ives, M.Psych. (Editor)Dec 14 2018A population heath study from the Regenstrief Institute and Indiana University Center for Aging Research has determined that haloperidol, the drug most commonly used to treat delirium in hospital medical and surgical intensive care units (ICUs), did not benefit elective thoracic surgery ICU patients when given prophylactically, with the possible exception of those who have had surgery to remove their esophagus. The study results indicate the need for a personalized approach to delirium in the ICU.The work is the first to evaluate the use of the antipsychotic drug haloperidol to reduce post-operative delirium in elderly patients undergoing elective non-cardiac thoracic surgery.Researchers found no differences in delirium incidence or severity between haloperidol and placebo in patients who had undergone elective non-cardiac thoracic surgery except in the small number of study participants who were admitted to the ICU after removal of the esophagus, a procedure known as esophagectomy. Removal of this organ is a treatment for esophageal cancer.”Our work suggests that just as you can’t lump all cancer patients together for treatment, you can’t put all delirium patients in the same bucket,” said Regenstrief Institute investigator Babar A. Khan, M.D., M.S., who led the new study published in the Journal of the American Geriatrics Society. “We need a personalized approach to delirium, focusing on people at higher risk of developing this complication.”He notes that while elective surgery patients typically are healthier than other ICU patients, they are very much at risk of delirium. He counsels those considering elective surgery to consult with their primary care clinicians and their surgeon to weigh the significant risks of delirium with the benefits of the proposed procedure.Related StoriesBacteria in the birth canal linked to lower risk of ovarian cancerNew study to ease plight of patients with advanced cancerCancer killing capability of lesser-known immune cells identifiedDr. Khan is also a co-author of the groundbreaking October 2018 New England Journal of Medicine study that reported that haloperidol did not significantly alter the duration of delirium in ICU patients.”Because we now know that haloperidol, the most commonly used drug to treat ICU delirium doesn’t, with possibly few exceptions, work, we need to focus on nonpharmacological therapies and vigilantly curtail administration of drugs that are harmful to the brain, especially the aging brain,” said Dr. Khan.Approximately five million Americans are admitted to a surgical or medical ICU annually. Delirium, a sudden and serious change in brain function causing confusion, occurs in as many as three quarters of those treated in the ICU. Causes include sepsis, metabolic problems such as liver and kidney disease as well as drugs that injure the brain.Individuals who experience delirium are more likely to have longer hospital stays and hospital-associated complications. They also have a greater likelihood of dying in the hospital for up to a year after their hospital stay than ICU patients who did not experience delirium. They are also more likely to lose physical functioning and experience cognitive impairment.”This landmark study represents a first attempt to reduce the incidence and morbidity of delirium in the postoperative patient,” said thoracic surgeon Kenneth Kesler, M.D., Harris B. Shumacker Professor of Surgery at IU School of Medicine, senior author of the JAGS study. “Although unfortunately an overall negative study, it does move us forward by identifying both a subset of patients who may benefit from haloperidol prophylaxis and those patients who are at risk for delirium following large surgical procedures.” Source:https://www.regenstrief.org/article/icu-acquired-delirium-requires-personalized-approach/ read more