A gang-rape victim from Meerut committed suicide on Monday morning after the Uttar Pradesh police allegedly took no action on her complaint. After the victim, who was resident of Kharkhauda in Meerut, committed suicide, the police tried to distance itself from the incident and claimed that she had not submitted any complaint with them. According to the victim’s complaint, she used to stay in a slum in Kharkhauda and she was allegedly raped by three men with the help of three woman of the slum on June 29. But the Kharkhauda police did not file any FIR when the victim went to the police station with her complaint. According to family members of the victim, she was depressed and tense because no action was being taken against the culprits. “This is a very serious complaint. Action will be taken against the concerned police personnel, if they are found to have not done their job in this case. I am ordering a probe by the SSP (Senior Superintendent of Police),” Inspector General of Police (Meerut range) Rajkumar Verma Verma told the media.
Lacson: SEA Games fund put in foundation like ‘Napoles case’ Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games Don’t miss out on the latest news and information. “Maybe, the Lord really wanted those games for us,” he said.The Knights will next brace for contenders San Sebastian and Lyceum for their upcoming games next week. Trump signs bills in support of Hong Kong protesters “This started from the game against San Beda. They woke us up so that we’ll get a chance to the Final Four,” he said.From a 1-3 record, Letran has nabbed wins over Arellano, St. Benilde, and the latest, a 63-61 squeaker over Perpetual on Friday to rise to solo third place.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSWin or don’t eat: the Philippines’ poverty-driven, world-beating pool starsThrough that stretch, the Knights have also unearthed valuable contributors from the bench like Jeremiah Taladua, King Caralipio, and Christian Balagasay.Quinto himself has found a way to be more effective as he let senior Rey Nambatac took much of the mantle. Robredo should’ve resigned as drug czar after lack of trust issue – Panelo For the complete collegiate sports coverage including scores, schedules and stories, visit Inquirer Varsity. Bong Quinto. Photo by Tristan Tamayo/ INQUIRER.netAfter three straight wins, Letran seems to be finally getting its groove midway through the NCAA Season 93 men’s basketball tournament.Bong Quinto believes that the Knights’ disheartening 81-74 loss to San Beda two weeks back was the turning point for them as they took the defeat to their fierce rivals to heart.ADVERTISEMENT Celebrity chef Gary Rhodes dies at 59 with wife by his side NGCP on security risk: Chinese just technical advisers Sports Related Videospowered by AdSparcRead Next MOST READ DILG, PNP back suspension of classes during SEA Games NATO’s aging eye in the sky to get a last overhaul Robredo should’ve resigned as drug czar after lack of trust issue – Panelo #KicksStalker: Kyrie Irving, Kobe Bryant collaborate for Kyrie 3 ‘Bruce Lee’ “I saw that the defense of our opponents is really focusing on Rey, so I thought that I needed to help him and I do that on defense,” he said.The 20-year-old, though, isn’t letting up on his offense and on Friday, Quinto tallied 14 points, nine rebounds, and three assists, including the game-winning drive with 12.6 seconds left to push his side up by two.But Quinto still shared the credit to Nambatac, who trusted him the rock in the waning seconds of the game.“Maybe it just so happened that I got the ball. It wouldn’t have happened if Rey didn’t trust me enough, so I didn’t want to fail him,” he said.Quinto is optimistic that just like this game, chips will continue to fall on Letran’s way going forward.ADVERTISEMENT LATEST STORIES View comments
Valencia coach Marcelino wants to send Batshuayi back to Chelseaby Carlos Volcano10 months agoSend to a friendShare the loveValencia want to cut short the loan of Chelsea striker Michy Batshuayi.AS says the decision was made a month ago, with the Belgian failing to convince coach Marcelino and Los Che directors.Batshuayi had joined Valencia on a season-long loan, with a permanent option of €35m. But now VCF want to send him back to Chelsea next month.They paid €3m for the 12-month loan.The decision is being driven by Marcelino, who wants a more mobile and aggressive centre-forward to lead his attack. TagsTransfersLoan MarketAbout the authorCarlos VolcanoShare the loveHave your say
About the authorFreddie TaylorShare the loveHave your say Man Utd legend Neville: Pogba best midfielder in Europeby Freddie Taylor10 months agoSend to a friendShare the lovePaul Pogba is the best midfielder in Europe, according to Manchester United legend Gary Neville. Things are looking up for Pobga following the departure of manager Jose Mourinho. The Frenchman looks a different player under new manager Ole Gunnar Solskjaer, having scored twice in the 3-1 win over Huddersfield on Boxing Day.And Neville thinks his form will only improve under the Norwegian.He told BBC’s Match of the Day: “You play for Man United and you talk of freedom of expression, exciting football, go out there and score goals, attacking football, play with a smile on your face and it starts with the manager. “Ole over the last couple of games has been really happy, saying the right things. “They had the best player on the pitch and probably the best midfielder in Europe on his day in Paul Pogba who has had a disappointing, horrendous last 18 months at the club because of the fall-out with the manager.”It looked like the shackles were off, playing with that freedom of expression, anything is possible type attitude, playing with arrogance. The passing was back to his best. “Look, he is the best player at the club when he is at his best and with performances like this he should be a 12-15 goal a season person – he hasn’t been that in his career so far but he can be.”
TagsTransfersAbout the authorPaul VegasShare the loveHave your say OFF! Crystal Palace pull out of deal for Liverpool striker Solankeby Paul Vegas10 months agoSend to a friendShare the loveCrystal Palace have pulled out of their deal for Liverpool striker Dominic Solanke.BBC Sport reports Solanke’s proposed loan move to Crystal Palace is off because of concerns over his fitness.Palace manager Roy Hodgson confirmed the 21-year-old was a target for the January transfer window on Sunday.But Solanke has not made a first-team appearance for Liverpool this season and was ruled out of recent matches because of a muscle problem.Palace need a striker who is available to play immediately.
They’re throwing quite a celebration party at the Breslin Center tonight. Michigan State’s men’s basketball team, which clinched a berth into the Final Four earlier this afternoon with a victory against Louisville in the Elite Eight in Syracuse, is back in East Lansing. Tom Izzo’s squad was welcomed home by thousands of roaring fans at their arena. Michigan State is set to face Duke in the Final Four in Indianapolis on Saturday.
YouTubeFox Sports’ national college football writer Bruce Feldman made an appearance on The Herd with Colin Cowherd today. While on the air, Cowherd put Feldman on the spot and asked for his College Football Playoff foursome, as of right now.Feldman declared he would vote for Clemson, LSU, Baylor and Iowa, based off resume. He chose the Hawkeyes over fellow unbeatens Ohio State and Michigan State and went on to highlight Iowa’s win over Northwestern, which beat Stanford, another playoff hopeful. Feldman did qualify his position as picking who he felt was “most deserving” as opposed to “the best teams.” He said if the latter were his criteria, Iowa would be third in the Big Ten pecking order behind the Buckeyes and Spartans. Somehow, we still don’t think that will make OSU or MSU fans feel any better about his opinion. Here’s the video of Feldman and Cowherd breaking down the CFP. Come for the out-of-the-box projections from Feldman, stay for him accidentally referring to Cowherd as “Clay” when he clearly mixed him up with Clay Travis.
FORT ST. JOHN, B.C. – Real estate services were awarded to Ron Rodgers with NorthEast BC Realty Ltd as the proponent with the highest scoring submission to help sell the Condil Hotel lots.The City released the RFP for the properties at 10115, 10119 and 10135 100 avenue in February and received two responses.One response was from Brenna Burns (Century 21 Energy Realty) and the other Ron Rodgers (NorthEast BC Realty Ltd.). The submissions were evaluated with a team of staff from Strategic Services and Corporate Services. The evaluation included scoring for marketing services, qualifications, submission, proven performance and references, availability and innovation.Through this evaluation, City staff awarded the contract to Ron Rodgers with NorthEast B.C. Realty Ltd.
Tokyo: Japan’s new Emperor Naruhito formally ascended the Chrysanthemum Throne on Wednesday, a day after his father abdicated from the world’s oldest monarchy and ushered in a new imperial era. Naruhito officially became emperor at the stroke of midnight but the process was formalised with a 10-minute ritual on Wednesday morning that was off-limits to female royals — even his wife Masako. It took place on the first day of the new imperial era of Reiwa, meaning “beautiful harmony”, which will last throughout Naruhito’s reign. Also Read – Saudi Crown Prince Salman ‘snubbed’ Pak PM Imran, recalled his private jet from US: ReportAt a solemn ceremony in the Imperial Palace’s Room of Pine, the 59-year-old was presented with the items his father Akihito relinquished a day earlier: sacred imperial treasures of a sword and a jewel, as well as the seal of state and his personal imperial seal. The sole woman allowed to attend was the only female member of Prime Minister Shinzo Abe’s cabinet. Shortly afterwards, joined by Masako and other royals, Naruhito was to address the nation for the first time as its 126th emperor. Also Read – Iraq military admits ‘excessive force’ used in deadly protestsHe will also make a public appearance on Saturday when he will again speak to the people of Japan. But the pomp and ceremony will wait until October 22 when he and Masako will appear in elaborate traditional robes for a ceremony in the palace before parading through the streets of the capital to be congratulated by a host of world leaders and royals. Naruhito will greet his first foreign head of state as emperor later this month, when US President Donald Trump visits Japan to meet the new monarch. The Oxford-educated Naruhito faces the delicate balancing act of continuing his father’s legacy of bringing the monarchy closer to the people while upholding the centuries-old traditions of the Chrysanthemum Throne. Like his popular father Akihito, he has warned of the need to remember World War II “correctly,” without downplaying Japan’s early 20th-century militarism. He has also spoken of the need to modernise the royal family, and vowed when he married Masako — who left behind a promising diplomatic career — to protect her “at any cost”. She has struggled however to adjust to palace life, including being subjected to enormous pressure to produce a male heir, and has suffered stress-induced “adjustment disorder” for much of their marriage. The couple have one child, a 17-year-old daughter called Aiko, who cannot inherit the throne because she is female. In a statement released on her birthday in December, Masako pledged to do her best despite feeling “insecure” about becoming empress. In the candid statement, she said she was recovering and could “perform more duties than before”, crediting the “powerful support” of the public. Naruhito is ascending the throne in a very different Japan to the one his father took over when he became emperor in 1989. Then, Japan ruled the world economically, its technology was the envy of every industrialised nation, and its stock market was at highs unlikely to be matched again. At the height of the bubble, Japanese investors were snapping up paintings like Van Gogh’s “Sunflowers” and US landmarks including the Rockefeller Center in Manhattan as “money was dripping off trees” — in the words of one former banker. But following a “lost decade” after the bubble burst, Japan is still locked in a battle against deflation and sluggish growth while its population ages rapidly and many rural areas suffer from depopulation as young people move to cities. Akihito’s abdication, the first in 200 years, has resulted in an unprecedented 10-day public holiday for the famously hard-working Japanese, with many taking advantage of the break to travel. But despite the holiday exodus, and steady driving rain on Tuesday night, crowds still gathered at Tokyo’s famous Shibuya crossing at the clock struck midnight to welcome the Reiwa era. “The emperor was a good person… He was the symbol of Japan,” said Rika Yamamoto, a 24-year-old company employee sheltering under an umbrella on the crossing. “I hope the new emperor will carry on the kindness the old emperor had.” Political parties across the spectrum also welcomed the new emperor — including the Communist Party, whose official platform considers the monarchy incompatible with democracy.
Bournemouth manager Eddie Howe has hailed Sarri as one of the “best managers in the world” ahead of Saturday’s game at Stamford Bridge.Bournemouth will play Chelsea, who are third in the table and looking for their fourth win in four Premier League games to maintain their 100 per cent record.In the pre-match press conference, Howe said he was so impressed by Sarri’s tactics while he was in charge at Empoli that he travelled to Italy just to meet him.Chelsea hat-trick hero Tammy Abraham hopes for more Andrew Smyth – September 14, 2019 Tammy Abraham hopes this season will be his big breakthrough at Chelsea after firing his first hat-trick for the club in Saturday’s 5-2 win at Wolves.“I’d heard a lot about his Empoli team and how impressive they were tactically, so I was really keen to go and watch him work, so we made contact with his people and he was kind enough to allow us to come,” Howe told Sky Sports.“I actually don’t remember the year that I went, but I spent a period of time with Maurizio and he was brilliant with me and I learnt so much. It’s no surprise to see that he’s one of the best coaches in the world.“What I saw, I was hugely impressed by and learned a lot from that experience. He brought his Napoli team to play us last year as well – they trained here for a couple of days, we played them and it was great to see him again.”
Brazil national team boss Tite claims his team were better than their Argentine counterparts after leaving it late to win the South American El Clasico.Brazil continued their winning run after beating Saudi Arabia on Tuesday to secure a last-gasp winner against arch-rivals Argentina thanks to Miranda.Tite’s Brazil were far from convincing in attack as they struggled to create any clear-cut chances, with Argentina appearing set to earn a draw in the sapping Saudi heat.“Argentina created chances to score, tried to win, but Brazil were better and the team’s performance was rewarded with the goal,” Tite told FourFourTwo reporters.Tite added: “It [Miranda’s winner] could have been another time, but it was in the end.“The team were concentrating. The corner was the result of a volume of play that we put in the game.”#Superclássico 🏆🇧🇷Neymar can win the Ballon d’Or, says Ander Herrera Andrew Smyth – September 13, 2019 An “excited” Ander Herrera believes new Paris Saint-Germain team-mate Neymar is a contender for the Ballon d’Or alongside Kylian Mbappe.📷 Lucas Figueiredo / CBF pic.twitter.com/r8evyGWh3V— CBF Futebol (@CBF_Futebol) October 16, 2018Miranda was the difference in the international friendly, the unmarked Inter defender rising highest to settle the contest.“I am very happy, first, to help my team-mates, and to make a goal against Argentina is exciting and rewarding,” the 34-year-old said.“I dedicate the goal to those who trusted and supported my family. Today I met my wife 16 years ago. and I’m excited, making a goal is very difficult … A kiss for my wife and my children, I want to celebrate the goal with them.”
PSV Eindhoven manager Mark van Bommel was less than impressed with the state of the Wembley pitch in their 2-1 defeat to TottenhamThe London-based stadium hosted an NFL game between Jacksonville Jaguars and Philadelphia Eagles eight days before Tuesday’s Champions League game.And, despite the best efforts of the Wembley ground staff, Van Bommel showed no compassion in his assessment.“It’s s***, so. You know what I mean, it’s bad,” said Van Bommel, according to Sky Sports.“In Holland, we say s*** a little bit quicker than in English. It’s not good, but we are not complaining.“Before we were training on it, and I told the guys after one minute you have to stop and get on with training, get used to the pitch.“Of course, everyone wants the good pitch, but it is not so good, and you have to deal with it.”Top 5 Atletico Madrid players to watch in next week’s UCL Tomás Pavel Ibarra Meda – September 14, 2019 With the Champions League about to start, we need to start talking about the Top 5 Atletico Madrid players to watch in the competition.Atletico…Defeat on Tuesday night confirmed PSV’s eliminated from the Champions League with just one point from four games in Group B.A Luuk de Jong header had given the Dutch giants an early 1-0 lead, but Harry Kane’s double in the final 12 minutes gave Spurs all three points.Mauricio Pochettino’s side will next host Chelsea at Wembley on November 24 in a Premier League game.💩 Mark van Bommel was not impressed by the Wembley pitch…#TOTPSV #UCLpic.twitter.com/BBZ5ZkmNDX— Sporting Life Football (@SportingLifeFC) November 7, 2018
Borussia Dortmund chief executive Hans-Joachim Watzke won’t allow himself to get carried away with their excellent start in the Bundesliga and insisted Bayern Munich remain the favouritesUnder new coach Lucien Favre, Dortmund have opened up an unexpected six-point lead over defending champions Bayern at the top of the standings.It marks a remarkable turn around in form for BVB, who had finished last season a staggering 29 points behind winners Bayern in fourth-place.However, Watzke downplayed their title hopes by insisting Bayern will always be favourites due to their financial strength.“Bayern are always the favourite,” Watze told DPA.Crouch: Liverpool could beat Man United to Jadon Sancho Andrew Smyth – September 14, 2019 Peter Crouch wouldn’t be surprised to see Jadon Sancho end up at Liverpool one day instead of his long-term pursuers Manchester United.“I won’t allow myself to be told anything else. Anyone in such an economic sphere must live with being the perennial favourite.“For us, it is more important that we have shown the German football community that we are a factor to be reckoned with again, that we have brought excitement back to the league.“In the past years, it was effectively clear at Christmas who would be the champions.”Dortmund, who are chasing a first Bundesliga title since 2012, will return to action from the winter break on January 19 away to RB Leipzig.
ALERT # 2 ON POTENTIAL TROPICAL CYCLONE NINE ISSUED BY THE BAHAMAS DEPARTMENT OF METEOROLOGY THURSDAY 12TH SEPTEMBER, 2019 AT 9 PM EDT #MagneticMediaNews Facebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, TCI, December 28, 2016 – A rescue operation of illegal migrants had to be activated by Police Tuesday after word came of an illegal landing on one of the TCI cays. Magnetic Media was informed since Christmas Day of an illegal vessel making it to shore, but details were scant then and they remain sketchy today as officials have still not confirmed what is happening. What is said is that there was a landing on one of the cays and that there are people believed stranded on the uninhabited cay and that those there will have to be brought into the mainland. There is no word on how many people may be on the tiny island; it does appear though that the illegals are suspected to be of Haitian origin. A wooden sloop has been found. It is almost tradition for migrants from nearby Haiti to try to make landfall during the Christmas season; The Bahamas has reported two apprehensions so far during these holidays. Related Items:#magneticmedianews Recommended for you The Luxury of Grace Bay in Down Town Provo Facebook Twitter Google+LinkedInPinterestWhatsApp Electricity Cost of Service Study among the big agenda items at September 11 Cabinet meeting
Zafar Iqbal returns to SUST campusNoted writer professor Muhammed Zafar Iqbal, who was undergoing treatment at the Combined Military Hospital (CMH) in Dhaka after a knife attack on him, returned to Shahjalal University of Science and Technology (SUST) in Sylhet on Wednesday after 11 days, reports UNB.He arrived at Sylhet Osmani International Airport by a flight of Novo Air at 12.45pm. His wife professor Yeasmin Haq and daughter Yeashim Iqbal accompanied him.SUST vice chancellor Farid Uddin Ahmed and treasurer Illias Uddin Biswas welcomed Zafar Iqbal.Escorted by police, they reached the campus at 1:30pm. He will join a reception programme at Mukta Mancha of the campus at 4:00pm where he came under attack.A young man, Foyzur Rahman, swooped on professor Zafar Iqbal and stabbed him with a knife at the Mukta Mancha during a celebration programme, ‘Robofight,’ of the Electrical and Electronic Engineering (EEE) department on 3 March.The renowned writer was first taken to Sylhet MAG Osmani Medical College Hospital and then airlifted to the CMH in Dhaka on the same day at the directive of prime minister Sheikh Hasina.
Pexels.comThere’s a lot of physical activity you can engage in here in Houston: biking, running, swimming, and hiking, to name a few. But skiing is harder to come by (which may be what prompted one Houston Matters listener’s suggestion of turning the Astrodome into a giant, indoor ski slope).That doesn’t mean there aren’t avid skiers here. Back in 2014, Houston Public Media’s Edel Howlin tried to find where skiers hang out in Houston.– / 5 Share
The brass model had to be disassembled in order to do the repairs. [Photo: Scott Riley & text: sa] Gradually the pieces are reassembled. [Photo: Scott Riley & text: sa] This plaster model was made by Soleri himself in 1960’s with siltcast technique. [Photo: Roma3 & text: sa] December 28, 2002The Roma Tre student curriculum included architectural model restoration coordinated by Tomiaki Tamura. They took part in restoring 4 different models. The first project was the repair of the “Venice Wall” model presented at the Venice Biennale in 2000. Alessandro Celleti works on the magnetic walls with textured metal pieces. [Photo: Roma3 & text: sa] Valerio Pellegrini(Left) and Alfonso Rubeis install a new base for the model of the New World Trade Center which was made primarily with foam-cored board and plastic tubes. [Photo: Roma3 & text: sa] The next project is the repair of the ‘Double Cantilever Bridge’ model, one side of which was broken during transit. Valerio Pellegrini is wrapping plaster strips to make a cocoon mold of the good side. [Photo & text: sa] The New York Pulse Bridge model is usually displayed in the Cafe building at Arcosanti. The bridge was in need of repair since the decking system had fallen apart. [Photo: Scott Riley & text: sa] Carlo Ciampoli(left) is preparing the surface for the plaster, while Alessandro Celleti(right) works on the details. [Photo: Roma3 & text: sa] Roma Tre special program has concluded this month after 4 months of hands-on intensives at Arcosanti. >>from left>> Valerio Pellegrini, Anita Maruccia, Matteo Di Michele(Intern/assistant coordinator), Alessandro Celleti, Alfonso Rubeis and Carlo Ciampoli. [Photo: Wes Ozier & text: sa]
In This Issue.* Euro rises, yen falls. * U.S. Trade Deficit widens. * Are metals consolidating?.* Stephen Roach on QE. And, Now, Today’s Pfennig For Your Thoughts!A Jobs Jamboree Friday!Good day. And a Happy Friday to one and all! The sun finally came out for the whole day yesterday! WOW! It’s amazing who everyone’s moods change when the sun is out, eh? It had felt as though we were living in a snow globe for about 3 weeks, so I’m glad that is over! Heading to spring, one of my fave times of the year. March came in like a lion, so that means it will leave like a lamb, and that’s just hunky dory with me!Well. Today is all about the U.S. Jobs Jamboree. It’s like that military road block, nothing or nobody is getting through! So, we have to deal with the Feb jobs data. Long time readers know I totally dislike this whole process of the markets living and dying on the fabricated and made up jobs numbers. That’s why, I’ve always told you, I get more out of the Average Hourly Wage and Average work week data that goes along with the Jobs data. But. the markets get all lathered up over what “the number is”, so we have to play along, eh?So, for the record, the so-called experts, have forecast that in February the U.S. added between 165,000 and 180,000 new jobs last month. Not bad, but remember it’s a fabricated number by the Bureau of Labor Statistics (BLS) For those of you who like to taunt me after I make my monthly best guess at the number, and fail miserably, you’ll be interested to know that I think the jobs data will disappoint, which is to say they will be less than 165,000. But that’s just me. the markets are pricing in a huge blowout of jobs added in February, so.. There’s a downward risk in the dollar this morning, but only if the data disappoints.Any number that doesn’t disappoint, will add to the bias to buy dollars this morning. I think. I say that because the markets have moved the goal posts on us so many times since the financial meltdown. The markets will go for awhile marking down the dollar for job increases, and then suddenly change to marking up the dollar for job increases. So, this is like roulette. I’m going to put my money on black.The euro had a nice run yesterday moving through the 1.30 handle toward 1.31, as the European Central Bank (ECB) did indeed leave rates unchanged and the short euro trades that had been put on recently in hopes that the ECB would cut rates, had to be unwound. I told you yesterday, that I could have saved them the trouble if they had only read the Pfennig or asked me! For I would have told them exactly what was going to happen at the ECB meeting. Not that I know anything that other people don’t know. It was all there in black and white, but you know traders. they are a fickle lot.ECB President, Draghi, failed to mention downside risks to inflation like he did at last month’s meeting. This really got traders all lathered up, and short term rates on bunds (bonds) rose, thus widening the rate differential to U.S. Treasuries. and rate differentials have always been a strong fundamental to use in valuing currencies against other currencies.They are expecting another round of repayments to the LTRO loans to banks in the Eurozone today. I don’t think this would move the euro one way or another, unless, the thought that 3 Billion euros from the first round, and 5 Billion euros from the second round will be repaid, is baseless. And I doubt that is the case. if anything, the numbers might be a little low.The one currency really taking a whipping from the dollar overnight is the Japanese yen. I wonder where all those analysts are now, that said a few weeks ago that the yen’s weakness had reached the end? That was when yen was around 93. well, it hit a low of 95.60 overnight. (remember, yen is a European priced currency, so as the price rises, the value of yen decreases)China printed some trade balance data last night, and while their reserves got a huge boost from their exports, the markets were fixated on the Imports data, which was expected to be slow, printed worse than expected, thus indicating that the domestic demand in China is faltering. the data didn’t really hurt Chinese renminbi / yuan, but what it did was send a smoke cloud message to Australia.I’ve told you for some time now that the Aussie dollar (A$) is my proxy for global growth, and when China’s imports slow, that hurts the A$. For those of you keeping score at home, you’ll want to jot down these numbers. Chinese exports increased nearly 22% from a year ago, and imports declined 15.2%… I get a little antsy when I see data like this. I would love to focus on the fact that China’s reserves soared higher. But a 15% fall in imports really rains on that parade. If you don’t see it that way, you had better look at the reaction to the data in the A$’s pricing.In addition here. China has once more let everyone know that they are not happy nor approve of “some countries overly accommodative monetary policy.” I really liked this quote. “This is an act of transferring the crisis to others” And they are absolutely correct! Here in the U.S. the numbers were reversed. U.S. exports fell 1.2%, while imports rose 1.8%, thus blowing out the Trade deficit from $38.1 Billion in December, to $44.5 Billion in January. This Trade Deficit has really been the albatross around the U.S’s neck for some time now. The markets however, just shrug off this data now. they’ve become Comfortably Numb with large deficit numbers here.Up north in Canada, they too printed a trade balance report for January, and while the total numbers are small compared to the U.S. at least Canada saw a narrowing of their Trade Deficit. December’s deficit was $.3 Billion, and January’s was $ .2 Billion (it was expected to widen to .6 Billion deficit) Data like this should help the Canadian dollar / loonie, which has really slumped recently.Gold, Silver and Platinum all range traded yesterday, with very little movement all day, and all night. I guess metals traders are also looking toward the Jobs Jamboree this morning for direction. I look at this as a “consolidation”. I hope I’m correct here, because these current levels could prove to have been basement bargain prices. Of course I could be wrong, it’s just my opinion, and a lot of that depends on how much flesh the Bullion Banks still want to take.One of my fave Beatles, George Harrison, recorded his first (I think) solo album called, “All Things Must Pass”. I think that applies to the metals, and the downward moves caused by the paper trades.OK. I think that album titled could be used for a lot of things. like Quantitative Easing (QE). But like the title of a few presentations I did last year, What Appears to be Evident, may not be imminent. One thing going on right now, that isn’t going to pass.. is our debt crisis. not without a lot of heavy lifting. And by the looks of our lawmakers, I doubt any of them are capable of heavy lifting! HA! I read a report from the Concord Coalition, which is a group that’s been in favor of lower deficits. They said that the automatic cuts that went into place last week, are “attacking the wrong part of the budget.” I say. sure the major heavy lifting is in Medicare, etc. but you have to start somewhere. I told the audience in Orlando last month, that “I believe we need to implement a process that says, if we can’t pay for it, we don’t buy it” , and so. it goes on.Then There Was This. Long time readers know that I’ve always liked the thought process and ideas of Stephen Roach, the former economist for Morgan Stanley and now at Yale. Well, here are some of Stephen’s thoughts on the effect of QE policies on currencies.“Whether it’s the Bank of Japan (8301), the Federal Reserve or even the ECB, the idea that they can engineer economic recovery by quantitative easing that may lead to weaker currencies ultimately is not a story that will end in a pretty way. Currency devaluation as a recipe for economic growth always comes at a cost of taking market share from someone else.”“China is understandably concerned about that, as has been Brazil, as has been most major developing economies that rely on exports as a source of economic growth.”“The developed economies say, well we’re not trying to depreciate our currencies, but they know this is going to happen.”“This is one of the unintended and potentially dangerous consequences of the financial engineering of quantitative easing.” – Stephen RoachChuck again. Yes. the U.S. knows this depreciates the dollar, in fact after round one of QE, James Bullard, President of the Fed St. Louis, said that he believed QE was successful because the stock market was stronger, and the dollar was weaker. To recap. today is all about the U.S. Jobs Jamboree. so you might as well, strap yourself in, and get ready. Chuck thinks the data will be disappointing. But the markets are pricing in a HUGE increase over what was previously expected (165K). So, today should be quite interesting!Currencies today 3/8/13. American Style: A$ $1.0275, kiwi .8290, C$ .9710, euro 1.3110, sterling 1.5035, Swiss $1.06, . European Style: rand 9.10, krone 5.6840, SEK 6.3535, forint 226.75, zloty 3.1555, koruna 19.4095, RUB 30.65, yen 95.75, sing 1.2460, HKD 7.7555, INR 54.29, China 6.2165, pesos 12.74, BRL 1.9540, Dollar Index 82.18, Oil $91.28, 10-year 2.01%, Silver $28.80, and Gold. $1,577.60That’s it for today. didn’t get to spend much time with Alex this morning before he headed out the door. He goes to the Waffle House on Fridays and has breakfast with his friends before school. This weekend, will be the birthday of my good friend, and spring training buddy, Rick Baur. Happy Birthday Rick! We’ll celebrate his birthday and mine next week in Jupiter! I’m so glad and thankful that I recovered quickly from my problems last week, so I can still go to spring training. The Florida sun, and Cardinals baseball with first my buddies and then with my family should be the cure-all for what ails me. ( hey, a guy can wish, right?) I also want to send a big shout out and thank all that sent me “welcome back” notes yesterday. Remember, I’m only around now for one more day. Ok. thank you for reading the Pfennig, and I hope you have a Fantastico Friday!Chuck Butler President EverBank World Markets 1-800-926-4922 1-314-647-3837
Some say, for good reason, that speculating in the junior resource sector is like gambling in a casino. I don’t disagree with that statement, but there’s one huge difference between the two: on the stock exchange, you can tilt the odds in your favor. How? By following the right people in the sector. We had a great collection of people at the Casey Summit in sunny Tucson, Arizona, that just concluded last week. Even though we’ve had many fantastic Summits over the years, this one was hands-down the best one so far. From Ron Paul to Don Coxe, the list of interesting speakers and the way the attendees could get access to them were next to none. If you weren’t able to be at the conference, I highly recommend the Summit Audio Collection, a full recording of the entire Summit. This conference was extra special for me, due to the impromptu Texas Hold ’em tournament late Saturday night. After Ron Paul’s talk, thanks to the incredible Casey staff who organized the Summit, a small group including Doug Casey were able to get a room with our own private bartender… and began our night of cards. Though the buy-in was not intimidating, the pot was more than enough to take the wife on a good shopping spree. As we rounded up our players, John Mauldin, the best-dressed man at the conference, had to bail on us at the last minute. His assistant told me that he had to attend an important meeting with a representative of brewer Dos Equis, which has been approaching John to become the brand’s “Most Interesting Man in the World” spokesperson. We then tried to get Ron Paul to play. He declined, but shared an interesting tidbit with us: that he helped put poker tournaments on national television. Now every time I see an exciting instant replay of an ace turned on the river, I will know whom to thank. The game itself was fun—but far less important than the personalities that were in the game. The table was crowded with extremely smart people, most of whom have been serially successful in the junior industry. Sitting across from me was my good friend Keith Hill, president, CEO, and director of Africa Oil, whose predictions for oil you can hear on our Summit panel “The Myth of American Energy Independence.” Keith’s exploits with various Lundin Group companies have taken him everywhere from the frozen lands of the Russian tundra to the plains of East Africa to look for oil. Having him at the table was a treat for all of us, and I learned long ago that you never bet against Keith, so I knew it was going to be a fun game. Beside him sat Nolan Watson, a member of our Casey NexTen list. In 2006, when Nolan became the CFO of Silver Wheaton, the largest silver streaming company in the world and worth billions of dollars, he was only 26 years old. He’s one of the most knowledgeable people on the planet when it comes to resource royalty deals and could easily hold his own in negotiations with any of the major mining companies. To the other side of Keith sat Amir Adnani, president, CEO, and director of Uranium Energy Corp. Amir, who’s also featured in our NexTen, is a member of our Casey Ten-Bagger Club (that means his company has handed our subscribers a +1,000% return). He refused to play, but said he wanted to watch. His reasoning was that he had assessed the situation and believed that the rest of us were better poker players than he… and he only takes on endeavors where he feels he has a strategic advantage. Amir is definitely one to pick his battles carefully, which shows in his business strategy as well. To my right was Brian Hunt, one of the brainchildren and stars of Stansberry Research… and beside him Doug Casey, probably the most experienced poker player you could come across in the natural-resource sector. Needless to say, the poker game was extremely intense and fast-paced: half of the original players were already out after the first hour. I managed to take Keith’s pot after another grueling 45 minutes, and only four of us were left: Nolan, I, Jordan Trimble, president and CEO of Skyharbour Resources, and Tim Termuende, head of Eagle Plains Resources. I know both Jordan and Tim very well, but I had never played poker against them—and I’d failed to pay enough attention to their habits throughout the night—which I later realized to be a huge mistake. The pot was building, and Jordan unexpectedly went all in. Nolan folded, and I was suddenly lost and had no idea what to do. With so much capital committed, I didn’t fold and called. To my dismay, Jordan had the better hand, doubled his pot, and put me on the back foot. I did end up clawing back for third and getting my money back, but more than anything, this poker game was a great investment lesson for me: Like poker, investing is about knowledge. The reason why I panicked when Jordan went all in was that I didn’t know his habits. Similarly, by getting really familiar with a few companies, we are able to feel their “pulse” and analyze everything from their trading pattern to the probability of success on their next drill well. You can’t throw good money after bad—my biggest mistake came from my one mental lapse in the night: “I have too much committed to fold.” In the junior market, where failures happen on a daily basis, you have to be able to pull your remaining capital out to fight another day. And the most important lesson of all: Casey Research knows a lot of serially successful individuals whom we honor in our NexTen as well as our Explorers’ League. We may not have all the answers in the resource market—but we’re always just one phone call away from someone who does. Whether investing takes too much time out of your busy day or it just flat out intimidates you—we are here to help. And right now the best compilation of our own, practical investment advice and the supreme knowledge of people like Dr. Lacy Hunt, James Rickards, and Don Coxe is available on CD and MP3. You can still pre-order the Summit Audio Collection for a $100 discount, but only until the CDs are produced and ready to ship… so I suggest you don’t wait. With a blue-ribbon faculty of 37 experts, including your team of Casey analysts dedicated to finding the “pulse” of the market, you can tilt the odds in your favor. So what do you say? Is it time to beat the House? Additional Links and Reads Born Libertarian: Doug Casey on Ron Paul and the Price of Freedom (The Gold Report) This is a fantastic interview between a Gold Report editor and Doug Casey about Ron Paul as well as libertarianism. An excellent read for anyone. US Builders Hoard Mineral Rights Under New Homes (Financial Post) The fracking boom and the American shale revolution have made millionaires out of plenty of homeowners in North Dakota. Homebuilders are beginning to secretly hold on to the mineral rights under new homes just in case the home is sitting on a pool of oil. Unethical? Perhaps, but definitely something to keep an eye on next time you’re buying a house. US to Overtake Russia as Top Oil Producer, Says IEA (Financial Post) Several subscribers requested the source of our claim that US is now producing more oil than Russia. The International Energy Agency (IEA) estimates that in 2014, the US will average a production rate of 11 million barrels per day compared to 10.9 million for Russia. Most of the growth has been due to new advances in hydraulic fracturing and horizontal drilling and has significantly changed energy politics around the world.
Louis James Editor, International Speculator Editor’s note: Louis recently came across another massive money-making opportunity, just like Fortuna back in 2006. In fact, he believes this is the world’s richest gold mine in the making… And one small, publicly traded small cap owns the rights to this deposit. When the news reaches the mainstream by April 2017…shares could go parabolic. Early investors stand to make 1,000% or more. You can learn all about this rare opportunity by watching this brand-new presentation. “I Walked into a ‘Red Gold’ Mine on July 18, 2014… and Emerged With a Secret that Could Make Early Speculators Rich this April” The last time something like this happened, investors in a company called Stikine Resources saw once-in-a-lifetime gains as the stock shot from $1 to $67 per share—a 6,600% increase. Click here for the full story. Trump Proposes Radical $50 Billion Annual Sector Payout The tiny market niche to be showered with cash has consistently and predictably sent share prices of tiny stocks soaring with rare gains like 771%… 938%… even 55,000% over the long term… I’ll be upfront with you, what you’re about to see is not for the weak or faint of heart. But if you have the grit and determination to reap the massive types of predictable and repeated gains that have cropped up like this five different times in U.S. history, then… Click here for all the details (Note: The weak should not click). – — Fortuna doubled within two months. We were able to take profits on March 29, 2006, at C$2.38. The stock came within kissing distance of C$7 in 2011. It gave much of that up in the multi-year bear market that followed. This week, it closed at C$8.10 (Jan 31, 2017). That’s more than seven times the price of our initial recommendation—and the company is still adding new value today. The point of this story is not to brag. In fact, there were many ups and downs, we took profits along the way, and we were in and out of the stock. The point is that back in 2006, when I was asking myself if I was being stupid for recommending a stock that was already up 500%, I chose to drive forward looking ahead, not in the rearview mirror. This is critical. If I had let how much the stock had already risen paralyze me, we would have missed out. Instead, I made the decision based on the huge value the company was clearly set to deliver. We took the plunge. As the great Canadian philosopher Wayne Gretzky said: “I skate to where the puck is going to be, not where it has been.” And the point of this is that smart people thinking about investing in gold and silver today are asking themselves the same questions I was asking myself in 2006. Gold has risen 15% from its low of $1,053 per ounce late last year to its current level of $1,211. Silver’s already up 13% this year. “Is it too late?” My answer is no. I understand that it’s hard to put money into stocks that have risen sharply in recent months. Many of our stocks are up more than 100%, 200%, and even 400% since their lows. But that’s got more to do with how oversold they were than what is likely to happen next. In seeking to skate to where the puck is going to be, we look for value to be added ahead. It’s just as when I made the call on Fortuna back in 2006. All of the companies I currently recommend buying in International Speculator have huge value to add. This is true even if the price of gold does not continue rising. It’s true even if precious metals retreat towards recent lows. Actually, if gold and silver did correct sharply before heading higher again, that would be the best thing in the world for those just getting into related stocks. It would create great buying opportunities. At this point, this may actually be likely. You want to be ready to take advantage of it. I’m excited about the work I’m doing now. It’s not enough to have a portfolio of winners in hand. I’m traveling more than I have in years, scouring the world for new opportunities. I knew this day would come during the down years. Now that it’s here, I’m having a ball putting all I’ve learned from Doug and many of the best geologists in the world to work on my readers’ behalf. I may wear out another pair of boots, but it will be worth it. I think we’re all about to make a pile of money. I realize that I’m singing my own praises here, but what I’ve just said is true. And if you’re not already an International Speculator subscriber, I hope you’ll join me for the adventure ahead. I believe you will be very glad you did. Sincerely, Editor’s note: With gold and gold stocks rallying right now, you may be asking yourself one simple question… “Is it too late?” To answer this, we turn to our gold stock guru, Louis James. If you’re hesitant about entering the gold market today, this essay is a must-read… Deep under a mountain, but so high up in the Andes that I could barely breathe, I found one of the best money-making opportunities I’ve seen in my entire career. I was in an old mine tunnel. The ore was massive sulfides of lead and zinc, with high grades of silver. These sulfides sparkle brightly in your miner’s lamp, like chandeliers. Usually, you see a narrow vein with a little of this stuff sprinkled in it. You look up to see it in the ceiling of the tunnel, or slashing a wall. Not this time. The entire tunnel—a good four meters wide by four meters tall—was blasted through a zone of massive sulfides so thick, it all sparkled in my lamp. The walls, the ceiling, the floor, everything. It was like walking through a field of stars. On the old mine posts, I could see the assay numbers left behind by the old-timers: 9% lead-zinc, 12%, 15%—with hundreds of grams per tonne of silver. The rock had more than $500 in contained metals in some places. I asked the mine geologist (who was my guide) how anyone could leave so much value behind. He told me that the old-timers were only interested in the highest-grade core of the deposit, which ran to more than a kilo of silver per tonne. The speculation was that not only could these high-grade (by modern standards) remnants be mined, but that more bonanza-grade silver and gold could be found as well. That potential was made very real to me when we returned to the surface. I could see that the rock alteration visible on the mountain above the vein was repeated up and down the valley, showing the location of other veins. Many had been worked in colonial times—the mine has a history that goes back more than 400 years—but there were plenty more to explore. The vein is called Animas. It’s part of the Caylloma mine camp in Peru. The company is called Fortuna Silver Mines (FSM, FVI.TO). At the time, it was an exploration company that had just bought the mine with its 7.0 million ounces of silver in historical mine reserves for $7.55 million. Experts were skeptical that a little explorer like Fortuna had what it took to put Callyoma back into production and make money. This was back in January of 2006. I could see plain as day that the mine was a cash cow just waiting to be given the attention it deserved, surrounded by enormous blue-sky potential. I wrote a report saying so while still in the field, and Casey Research founder Doug Casey recommended the stock at C$1.15 in an investment alert on January 27. Now, here’s the thing: the stock had been trading for less than C$0.20 for years. At C$1.15, it was already up more than 500% for those in before it became obvious that the gold and silver bull market underway was real. So, I had to ask myself: was I too late? What if we put a “Buy” on the stock only to provide exit liquidity for the early birds? What if Fortuna fell on its face in the transition from exploration to production? That’s actually a very common outcome. What if we were being the new “stupid” money, chasing after a stock that had already risen to ridiculous levels? If I had let such fears stop me, we would have missed out on what happened next. Recommended Links