Oil plant explodes in Pampanga town Sports Related Videospowered by AdSparcRead Next Manny Pacquiao, right, throws a left to Adrien Broner during the WBA welterweight title boxing match Saturday, Jan. 19, 2019, in Las Vegas. APMANILA, Philippines—Manny Pacquiao again connects early in the round with Adrien Broner still using that jab to create distance.Pacquiao’s jab manages to shorten the distance as he pins Broner to the ropes only for the American to go for a clinch stopping the champion’s offense.ADVERTISEMENT ROUND 2: Pacquiao still the aggressor, Broner connects with a couple TS Kammuri to enter PAR possibly a day after SEA Games opening LOOK: Joyce Pring goes public with engagement to Juancho Triviño Is Luis Manzano planning to propose to Jessy Mendiola? LATEST STORIES Don’t miss out on the latest news and information. Broner is able to use his right straight but the most he can do is graze Pacquiao’s forehead.Pacquaio then connects with a left straight to Broner’s forehead.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSUrgent reply from Philippine football chiefSPORTSWin or don’t eat: the Philippines’ poverty-driven, world-beating pool starsBroner tries to connect with another right straight but he hits Pacquiao’s guard and then receives a straight left to the face.Pacquiao then lands a couple to Broner’s head in the final seven seconds of the round. Lacson backs proposal to elect president and vice president in tandem SEA Games hosting troubles anger Duterte MOST READ Private companies step in to help SEA Games hosting Manny Pacquiao part of 2019 SEA Games opening ceremony PLAY LIST 00:36Manny Pacquiao part of 2019 SEA Games opening ceremony00:50Trending Articles02:17Keith Thurman gambling on himself to KO Manny Pacquiao in 1st round02:42PH 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 Games02:11Trump awards medals to Jon Voight, Alison Krauss View comments SEA Games: Biñan football stadium stands out in preparedness, completion
Crystal Palace show interest in Rangers striker Alfredo Morelosby Paul Vegas3 days agoSend to a friendShare the loveCrystal Palace are the latest team to show an interest in Rangers striker Alfredo Morelos.Palace Sporting Director Dougie Freedman was at Tynecastle on Sunday to watch the Gers’ 1-1 draw with Hearts, according to the Scottish Sun.Freedman wanted to run the rule over the 23-year-old as he draws up plans for the January transfer window.Aston Villa are also extremely keen on the former HJK man, who has scored 15 goals across all competitions this season.It will take an offer of at least £20m to entice the Gers to sell their star player. TagsSerie A NewsAbout the authorPaul VegasShare the loveHave your say
Duke KyrieDuke is just three days away from beginning its national title defense. The Blue Devils open up Friday night against Siena, but there are over a dozen former players currently in action in the NBA.Like other programs with a large number of NBA alumni, Duke does a good job of playing up its track record on social media. It did so again tonight with a quick “Duke in the NBA” graphic on Twitter. Pretty self-explanatory. There’s background music, as images of ex-Dukies in NBA gear appear and flow from one to the next. Duke forever. #DukeintheNBA #BannerHunters #TheBrotherhood #DukeFam pic.twitter.com/3DnvM2cVcF— Duke Basketball (@dukeblueplanet) November 11, 2015How many members of the 2015-16 Blue Devils will join these guys in the professional ranks next year?
TORONTO – Sherritt International Corp. (TSX:S) says it has reached a deal with the joint owners of a Madagascar mine that will see it transfer more ownership to cut its outstanding debt.The Toronto-based miner says it will shift a 28 per cent interest in the Ambatovy nickel mine joint venture to partners Sumitomo Corp. and Korea Resources Corp. in a deal that will eliminate $1.3 billion in partner loans from its balance sheet.Sherritt will be left with a 12 per cent stake in the mine, but remain operator until at least 2024.The company has struggled to make payments on its debt to the partners, and has been operating under a temporary deferral agreement while unable to make cash payments.Sherritt says the Ambatovy mine is the world’s largest finished nickel operation of its kind, with expected production this year of 36,000- to 39,000-tonnes of finished nickel and 3,300 to 3,600 tonnes of finished cobalt.The company also says it has had a fatality at its Energas S.A. power generation in Cuba due to an apparent electrocution.
FORT ST. JOHN, B.C. – The upcoming Chamber Luncheon will host Katie Rosenberger, Executive Director of the Affiliation of Multicultural Societies and Service Agencies (AMSSA) on the need to strengthen newcomer integration.The BC Provincial Association will share how they help to strengthen member agencies and stakeholders who serve newcomers and build culturally inclusive communities with the knowledge, resources and support.After an extensive consultation period in November 2017, Immigration, Refugees and Citizenship Canada released its multi-year Immigration Levels Plan. This plan is to help be proactive in determining service and market integration needs by impact settlement and integration programming. Yet it was clear that BC lacked planning in regards to the integration of newcomers. Employment in BC increased at a faster pace than at the national level which enabled BC’s labour force to expand by 74,700 persons in 2016 and 68,400 persons in 2017, to reach a labour force of 2.6 million people.Shared in the promotion information from the Chamber, according to the Economic Insight no. 81, Recent Economic Developments in British Columbia, Immigration, particularly to Vancouver, accounted for 50% of the overall labour force increase in 2016.The promotion information goes on to share that the 2018 BC Labour Market Outlook forecasts 903,000 job openings between 2018 and 2028 with 68% of these openings occurring due to retirement and 32% due to the creation of new jobs.It is estimated that 27% of these vacancies will need to be filled by 24,300 immigrants each year. The 2018 BC Labour Market Outlook estimates that 77% of the 903,000 jobs that need to be filled by 2028 will require at least some form of post-secondary education or training.The need for a highly qualified workforce requires a commitment from BC to provide job-readiness training and industry-specific language training for newcomers. Their innovative ideas and diverse perspectives can contribute significantly to existing structures, according to the Conference Board of CanadaThe AMSSA released a report September 2018 calling for action from the Government of BC to increase support for the integration of newcomers. The report provides a series of significant recommendations for investments into BC’s immigration integration system.Immigration for BC’s FutureTuesday, January 22, 201911:45 am – 1:00 pmPomeroy Hotel & Conference Centre11308 Alaska RoadTo Register for the event CLICK HERE
NEW DELHI: Aam Aamdi Party’s South Delhi Lok Sabha Candidate Raghav Chadha along with Kalkaji MLA Avtar Singh kickstarted the Mega Jansampark Abhiyaan in Kalkaji legislative assembly. With this campaign, the AAP seeks to carry out a door to door campaign educating people about how Delhi can attain full statehood and how the people of Delhi would benefit from its full statehood. An individual and personalized appeal for votes and support is also made during the visits. Also Read – After eight years, businessman arrested for kidnap & murderRaghav Chadha said, “It gets very hot in the month of May and with summer vacations, many families plan outstation trips but I urge you to exercise your democratic right and duty and cast your vote in the upcoming elections on May 12, 2019. You can leave for your grandmother’s place right after elections.” He said, “With this, we are reaching out to each and every voter in our constituency and engaging with their families and talking about the work done by Delhi government under the leadership of CM Arvind Kejriwal in the past 4 years. We are urging people to to cast their vote for AAP in the upcoming elections.”
Signs of Growth for Housing Prices? Share Corelogic’s Case-Shiller National Home Price Index reported the 11th-consecutive month of slowing home-price growth, which is now at its lowest levels since 2012. Home prices in the U.S. grew by just 4.3% in February 2019.The report states that prices for the top 10 metropolitan areas increased 2.6%, which is down from January’s 3.1% increase. The top 20 markets also posted a gain of 3% year-over-year, down 3.5% in January.“Slowing U.S. home price growth has primarily been driven by affordability constraints in a few of our largest, most expensive housing markets,” said Ralph B. McLaughlin, Deputy Chief Economist and Executive of Research and Insights for CoreLogic. “While we’re not in a buyer’s market yet, several Pacific Coast markets are on the cusp of seeing the first annual declines in home prices since 2012.”“In places like San Diego, San Francisco, and Los Angeles,” McLaughlin continued, “the proverbial chickens will be coming home to roost this spring because they haven’t been able to find a decently affordable coop.”The drop in home-price growth correlates to a prior report from the First American Financial Corporation’s February Real Housing Price Index (RHPI), which showed growing affordability in California.That report noted that real house prices increased 2.9% year-over-year while consumer homebuying power increased 2.4% year-over-year, with four California cities—Los Angeles, San Diego, San Jose, and San Francisco—having seen the largest increases in affordability in February.The Case-Shiller report stated that 19 of the top 20 markets reported lower price increases compared to the previous month, with only Tampa Bay, Florida, reporting an increase of 5.4%.Las Vegas (0.7%) and Phoenix (6.7%) reported the highest year-over-year price increases. Markets with the largest setbacks were Seattle, San Francisco, and San Diego, reporting drops of 9.9 points, 8.7 points, and 6.5 points, respectively.Home prices along the West Coast have taken a hit since 2014, with home-price growth falling from nearly 25% in February of 2014 to less than 5% in 2019. April 30, 2019 1,247 Views in Daily Dose, Featured, News, Origination 2019 Housing Market Case-Shiller Home Price Index CoreLogic residential real estate 2019-04-30 Mike Albanese
France Télécom/Orange and SFR have unveiled their joint plan to build a fibre optic network in Nantes and the surrounding region.Having begun laying fibre in the city of Nantes, the pair are extending the rollout to less densely populated areas, covering 23 communes in the Nantes Métropole area. The two operators have build out networks to cover each commune between now and 2015.
Freegold Ventures Limited is a North American gold exploration company with three gold projects in Alaska. Current projects include Golden Summit, Vinasale and Rob. Both Vinasale and Golden Summit host NI 43-101 Compliant Resource Calculations. The 2012 exploration program includes additional drilling on both Golden Summit and Vinasale. An updated NI 43-101 resource was calculated on Golden Summit in December 2011 and using a 0.35 g/t cutoff is 14,840,000 tonnes @0.66 g/t Au – hosts 316,000 ounces in the indicated category and 50,0460,000 tonnes @0.61 g/t Au – hosts 991,000 ounces in the inferred category. Drilling has been underway on this road accessible project since mid January. To date over 36,000 feet have been drilled since January on the project, of which 30,000 feet have been aimed at resource expansion. Drilling remains ongoing. An updated NI 43-101 is expected to be completed in Q3. Additional drilling is also underway on Vinasale. Vinasale currently hosts recently updated NI 43-101 resource calculation of 49,320,000 mt @1.09 g/t for a total of 1,735,000 contained gold ounces in the inferred category using a 0.5 g/t cutoff. Please visit our website for more information. Sponsor Advertisement All we can hope for is that we’ve covered all the bases in our own personal efforts to protect ourselves from what lies ahead.Gold got sold off about ten bucks during the morning trading session in the Far East. But the bottom was in by 1:00 p.m. Hong Kong time…and the gold price crawled higher from there until the jobs numbers were released at 8:30 a.m. in New York. The rest, as they say, is history.Gold blasted thirty dollars higher in about fifteen minutes…and this had all the hallmarks of a short-covering rally. Once that was done, the gold price worked its way higher from there until it ran out of gas…or into a not-for-profit seller…about ten minutes before London closed for the weekend. From there it more or less traded sideways into the 5:15 p.m. Eastern close.Gold finished the Friday trading session at $1,735.50 spot up $34.20 spot. Volume was an absolutely gargantuan 230,000 contracts.The silver chart looks the same as the gold chart, so I’ll spare you the play-by-play on that. Silver’s low tick [under $32.00 spot] came during the Hong Kong lunch hour…and the high tick [$33.80 spot] came shortly before the Comex close in New York.Silver closed up 98 cents at $33.69 spot…but had an intraday move of 5.5%. Volume was way up there at 57,000 contracts.The dollar index opened at 81.12…and began to slide lower starting at the open of London trading. The real decline began at 8:30 a.m. in New York…and by 10:40 a.m. most of the decline was in…and the dollar more or less traded sideways into the close. The dollar index finished the Friday trading session at 80.17…down 96 basis points, or 1.23%.Gold and silver prices were almost the inverse of the move in the dollar index…but to say that there was an exact relationship between the two is a bit of a stretch.The gold stocks gapped higher at the open…moved a bit higher from there…and only sold off a hair into the close. The HUI finished up 2.77%.Despite the big move in silver yesterday, the stocks didn’t do as well as one would expect…and a few actually finished down on the day here in Canada, with Silver Standard Resources being the most prominent…although a few junior producers put in a first-class showing. But, overall, I was underwhelmed. I felt the same with Thursday’s silver stock price action as well. But, having said all that, Nick Laird’s Silver Sentiment Index closed up 2.99%.(Click on image to enlarge)The CME’s Daily Delivery Report showed that 23 gold and 3 silver contracts were posted for delivery on Tuesday. Nothing to see here.For the second day in a row, there were no reported changes in either GLD or SLV. One can only imagine just how much metal is owed to both these ETFs…especially SLV. I’m sure that the authorized participants were forced to short the shares again both Thursday and yesterday.In an e-mail from Nick Laird in the wee hours of this morning, he informed me that Sprott did an offering on their Physical Gold Trust…and added 172,270 troy ounces of gold to it yesterday…along with another 89,848 troy ounces of silver to PSLV. I have more on Sprott’s gold offering in the ‘Critical Reads’ section further down.The U.S. Mint had a sales report yesterday. They sold 4,000 ounces of gold eagles…1,000 one-ounce 24K gold buffaloes…and 304,000 silver eagles. For the first four business days of September, the mint has sold 10,500 ounces of gold eagles…1,500 one-ounce 24K gold buffaloes…and 679,000 silver eagles. The silver/gold ratio based on these sales is just a bit under 57 to 1.It was a rather quiet day over at the Comex-approved depositories on Thursday. They reported receiving 600,848 troy ounces of silver…and shipped a smallish 30,599 ounces of the stuff out the door. The link to that activity is here.Here’s a rather interesting chart that Nick Laird sent me early this morning…and the chart title says it all. The ‘click to enlarge’ feature comes in handy here.(Click on image to enlarge)For the second week in a row, the Commitment of Traders Report was not happy reading. The Commercial net short position increased by another 6,346 contracts, or 31.7 million ounces. Ted Butler said that JPMorgan went short an additional 4,000 contracts…and the raptors sold another 1,000 long positions…and the rest of the increase was spread related. The Commercial net short position now stands at 224.6 million ounces.The ‘big 4’ shorts in the Commercial category are short 210.9 million ounces of silver…and the ‘5 through 8’ big shorts add another 40.6 million ounces. In total, the ‘Big 8’ are short 251.5 million ounces of silver.On a net basis, the ‘big 4’ are short 43.0% of the entire Comex futures market…and the ‘5 through 8’ add another 8.3 percentage points to that total. Adding it up, eight traders are short 51.3% of the entire Comex futures market in silver.Ted said that JPMorgan’s short position is now 26,000 contracts [130 million ounces] at a minimum…and that represents 26.3% of the entire Comex futures market in silver. Ted was incensed…and you should be as well, dear reader. One trader holding such a position is outrageous beyond belief. The CFTC and CME should be doing the perp walk for this…along with Jamie Dimon at JPMorgan.In gold, the Commercial net short position increased another chunky 15,762 contracts, or 1.56 million ounces. Ted Butler said that all of the increase was the ‘Big 4’ traders going short against all comers. The Commercial net short position now sits at 21.94 million ounces.The ‘big 4’ traders are short 11.51 million ounces of gold…and the ‘5 through 8’ traders are short an additional 5.29 million ounces. The ‘big 8’ are short 16.8 million ounces of gold, or 76.6% of the Commercial net short position.On a net basis, once you subtract the market-neutral spread trades out of the Non-Commercial category, the ‘big 4’ are short 27.7% of the entire Comex futures market in gold…and the ‘5 through 8’ are short an additional 12.7 percentage points. Straight addition shows that the ‘Big 8’ are short 40.4% of the entire Comex futures market in gold.Without doubt, the situation has deteriorated significantly once you consider the price action during the Friday trading session in both silver and gold.Here’s Nick Laird’s “Days of World Production to Cover Short Contracts“. Over two thirds of the red bar in silver is JPMorgan’s short position. At 26,000 Comex futures contracts…130 million ounces…that’s about 65 days of world silver production. The tiny difference between the red and green bar in silver, is the short position of the ‘5 through 8’ largest traders. It’s easy to see that the bulk of the short position in silver is held by only four traders…and almost all of that is held by JPMorgan.(Click on image to enlarge)It should come as no surprise, that the September Bank Participation Report, which is derived from the same data set as yesterday’s Commitment of Traders Report, was pretty ugly as well. During the prior month, the 4 U.S. banks that hold Comex futures contracts in the silver market, increased their short position by 8,295 Comex futures contracts…and I’m guessing that most of that amount would have been JPMorgan.The BPR states that these four U.S. banks are now net short 28,760 Comex silver contracts…29.3% of the entire Comex futures market. Don’t forget that Ted figures that JPMorgan is short 26,000 Comex silver contracts on its own, so that doesn’t leave too many short positions left to be divided up between the other three U.S. banks in this category, now does it?Reader E.W.F…who sends me a complete set of COT charts based on the Disaggregated Commitment of Traders Report made the following comment…”The U.S. bank net short position in silver hasn’t been this large since 11/2/2010, the day before QE2 was announced.”The 13 non-U.S. banks that hold Comex futures positions in the silver market were net long 828 Comex futures contracts in silver in the August report, but in the September report, they now are net short 2,801 contracts…a swing of 3,629 contracts in one month, but only 215 Comex contracts per bank on average, which is a rounding error in the grand scheme of things…especially when JPM is short 26,000 Comex silver contracts on its own.So, in one month, the world’s banks have increased their short position in the Comex silver futures market by 11,924 contracts…or 59.6 million ounces of silver. But it’s still a “Made in the U.S.A. by JPMorgan” silver price management scheme from top to bottom.In gold the situation is just about as egregious. The 4 U.S. banks that hold Comex futures contracts are now net short 84,583 contracts, or 8.46 million ounces…an increase of 26,894 contracts [2.69 million ounces] from the August Bank Participation Report.The 20 non-U.S. banks are short 53,434 Comex contracts in gold…5.34 million ounces, an increase of 12,861 contracts [1.29 million ounces] since the August BPR.On a net basis, the 4 U.S. banks are short 20.3% of the entire Comex futures market…and the 20 non-U.S. banks are short 12.8%…making the grand total 33.1% of the entire Comex futures market in gold.The short positions in gold are much more spread out between all the world’s banks…but in silver, it’s all U.S.A…and virtually all JPMorgan.Reader Scott Pluschau has posted commentary over at his Internet site headlined “Bull Pennant” forms as the “Triangle” target gets nailed in Gold…and the link is here.With some ruthless editing on my part, I managed to keep the number of stories down to a reasonable level, so I hope you have the time to at least skim them all over what’s left of the weekend.I have a couple of musical selections for you today. I’m sure you’ve heard the term ‘child prodigy’ a few times in your life. Gifted children can be a blessing…and a curse. Having spent eleven years on the board of directors of the Edmonton Symphony Orchestra, I’ve met quite a few of various ages…and abilities.But this four year old piano prodigy is something else. His playing skills are only limited by the fact that his hands are too small to play any chord larger than three or four notes…and full octaves are still a long way off in this child’s life…but the gift this little boy has should be obvious to anyone…and he’s already a little showman to boot!I ran the video past reader George Miladin, who is a world-class pianist in his own right…and he, like me, was totally blown away. I thank Roy Stephens for sending me this video last night…and it’s certainly worth your time. It runs for 3:53 minutes…and the link is here.Today’s ‘blast from the past’ is a 1970’s classic by a group that I’m sure just about everyone on Planet Earth has heard at one time or another in their lives. The story behind the group’s name is amazing…and the link to one of their many hits from that era, is here. While I’m at it, here’s another.Well, there weren’t too many shades of grey yesterday, as it was up, up, up and away for gold and silver on the jobs report. But, on the flip-side of all that fun, was the fact that except for some early short covering, JPMorgan et al were the not-for-profit sellers again and, without doubt the Commitment of Traders Report will be even uglier when it comes out next Friday.Of course, there’s still that possibility they could be over run this time around…and there’s a very long list of people that would love to see that happen. My name is near the top.There’s not a person out there, including this writer, that really knows how this will all unfold in the short term…but one way or another, sooner or later, this will all end up like the London Gold Pool of the 1960s…and that’s very badly if your a bullion bank massively short the gold and silver markets. And there’s a very special place reserved in hell for the big silver shorts.But they certainly won’t give up without a fight…and there’s nothing meaner than a cornered ‘junk-yard dog’…and I’m sure that Jamie Dimon and the CME Group will leave no stone unturned in their frantic efforts to avoid a melt-down of their respective companies…and a melt-up in the precious metal prices.The problems with the mining industry in South Africa have not gone away…and will probably get much worse before they get any better. This is just another straw piled on the camel’s back as far as the bullion banks are concerned…along with imminent and ongoing debasement of world currencies as the various central banks try to fix an international solvency problem via the printing press.As everyone with two synapse to rub together already knows…you can’t borrow your way out of debt, or spend your way to prosperity…but this is precisely what they are attempting to do.Here’s a graph the Nick Laird sent me yesterday. You may recall the very recent stories about India trying to curb its citizens’ never-ending demand for gold. Well, if you look at the chart of their currency vs. the yellow metal, it’s obvious why they prefer it over their central bank’s crappy paper…and it won’t be too much longer before all the world’s currencies have a chart that looks similar.(Click on image to enlarge)As I’ve said a couple of times already this week…all we can hope for is that we’ve covered all the bases in our own personal efforts to protect ourselves from what lies ahead. I’m still ‘all in’…with fingers crossed.I’m off to bed. See you on Tuesday.
The dollar index closed in New York late Thursday afternoon at 79.73. It’s low of the day [79.69] came at 2:30 p.m. Hong Kong time. The subsequent rally ran out of gas at 79.99 just before 8 a.m. in New York. By 11:30 a.m. EDT, the index had declined by 10 points, but from there it rallied up to a hair over 80.15 before trading basically flat into the close. The dollar index finished up 42 basis points at 80.15.The gold stocks opened in the black, but got sold down into the red as gold hit its 10:30 a.m. low tick in New York. They struggled back to almost unchanged during the next hour of trading, but never got a sniff of positive territory again for the remainder of the day. The HUI closed down 0.45%.It was the same chart pattern for silver stocks right up until the 10:30 a.m. low tick for that metal. The subsequent rally off that low ended back in positive territory, and the silver equities stayed there right up until almost the end before closing down the smallest amount possible. Nick Laird’s Intraday Silver Sentiment Index closed down a miniscule 0.01%.The CME’s Daily Delivery Report showed that 84 gold and zero silver contracts were posted for delivery within the Comex-approved depositories on Tuesday, and it was all the usual crooks as issuers and stoppers. The short/issuer on all 84 contracts was Canada’s Bank of Nova Scotia. HSBC USA stopped 59 contracts, and JPMorgan Chase stopped the rest. The link to yesterday’s Issuers and Stoppers Report is here.There were no reported change in either GLD or SLV.It’s been mid-September since I’d heard from the folks over at Switzerland’s Zürcher Kantonalbank. But I finally received an e-mail update from them yesterday for Monday, September 30. They reported small declines in both their gold and silver ETFs. Their gold ETF declined by 17,176 troy ounces, and their silver ETF by 51,955 troy ounces.The U.S. Mint had a tiny sales report yesterday, they sold 2,000 one-ounce 24K gold buffaloes, and that was all.Over at the Comex-approved depositories on Thursday, they reported shipping out 35,808 troy ounces of the stuff for parts unknown. All of it came out of the vaults over at HSBC USA. The link to that activity is here.In silver, these same depositories shipped out 385,368 troy ounces, and didn’t report receiving any. The link to that action is here.With no Commitment of Traders Report or Bank Participation Report yesterday, this column is going to be a little on the skinny side.I don’t have a huge number of stories for you, and I hope you have enough time over what’s left of your weekend to read everything of interest to you.The revenue to silver exporting countries is set by the same illicit pricing mechanism on the COMEX that is bedeviling silver investors, because the COMEX sets the price for silver worldwide, by means of HFT computer scams and JPMorgan’s short market corner. Mexico, Peru, Australia, Russia, Poland, Bolivia and Chile, among other silver exporting nations have been shortchanged by JPMorgan ever since the bank inherited its concentrated short position and market corner from Bear Stearns in 2008. Making it worse is that the US, as a big silver importer (net 150 million oz), has profited from the crooked pricing on the COMEX as a country, adding credence to the allegation from many that the US Government is involved in the manipulation. – Silver analyst Ted Butler, 02 October 2013Today’s pop “blast from the past,” two actually, are from a British group that didn’t stay together long enough to make it to the big time in North America, but their music was immensely popular back in the mid-1960s. Two of their biggest hits are linked here and here. I know I’ve posted these before, but it’s been a couple of years. Enjoy.Today’s classical “blast from the past” is another well-known symphonic work that sees a lot of air time in concert halls the world over, and is another one of those performances that recordings never really do justice to. But this recording comes close. It’s Rimsky-Korsakov‘s masterpiece “Scheherazade: Op. 35“, an orchestral suite he composed back in 1888. This particular youtube.com video is recorded with High Definition picture quality, with an audio track to match. So put it on full screen, turn up the audio, and then click here.Another day, and another appearance by a not-for-profit seller the moment that prices spiked early yesterday morning in New York. As I’ve said on numerous occasions, I wonder why JPMorgan et al don’t just hire a brass band to march up and down Wall Street in advance of their engineered price declines as it’s oh-so obvious, except to the willfully blind of course.And I carefully noted that, once again, silver wasn’t allowed to close over the $22 spot price mark, and it’s 50-day moving average. This makes 10 days in a row. Here’s the 30-day chart once again.You have to wonder why the silver miners aren’t up in arms about this obvious price rigging, along with the massive short-side corner that JPMorgan et al have had in the silver market since 2008.One of the reasons is The Silver Institute. It’s always loaded with mining company executives and other members whose sole purpose is to make sure that these questions never get asked.For instance; can you imagine any silver mining company executive vying for the job of President of that organization on the platform that he was going to get to the bottom of this JPMorgan price fixing scheme? He wouldn’t have a chance. All presidents, current and past, sold out to the dark side of The Force years ago, or they would never have been asked to join, let alone serve.Here’s their list of their members just so you can see who is on the list of silver companies that are actively working against your best interests, and it’s a depressing read. I note that even the CME Group is a member. All any one of the members has to do is ask the CME Group why they’re allowing JPMorgan Chase to hold a short-side corner in the Comex futures market in silver for over 5 years. But no one has obviously got the gonads to do that.You couldn’t make this stuff up.I’m done for the day, and the week.Before heading off to bed, I’d like to point out something that you’re probably already aware of, and that’s the pre-show promotion of the Casey Research 2013 Summit Audio Collection. The Summit itself started yesterday and ends on Sunday, October 6. The pre-show pricing will be valid until the product is ready to ship, which will be a few days after the show is over. All you need to know about this offer is linked here, and there’s no cost to you just to check it out, which I urge you to do.See you on Tuesday. You have to wonder why the silver miners aren’t up in arms about this obvious price riggingThe gold price traded in a tight five dollar range through all of Far East trading, and then right up until 12:30 p.m. in London. During the next 30 minutes, the price got smacked for about ten bucks. Then at 1 p.m. BST, which was 8 a.m. in New York, the price took off skyward like a homesick angel until about 10 minutes or so after the Comex open. Then the not-for-profit sellers put in an appearance. That rally was the high of the day at $1,326.30 spot. Then gold got sold down to its low of the day [$1,305.50 spot] shortly before 10:30 a.m. EDT. After that it spent the rest of the New York session struggling to gain back a few dollars of its losses.Gold finished the Friday session at $1,311.20 spot, down $5.50 from Thursday. Net volume was pretty light at around 111,000 contracts.It was more or less the same for silver, so I’ll spare you the details. The low of the day for silver [around $21.45 spot] came shortly after 1 p.m. in London. The high tick came 30 minutes later in Comex trading, and Kitco recorded that as $22.02 spot.After the 10:30 a.m. Comex low, silver also struggled higher into the 5:15 p.m. EDT electronic close. Every rally attempt, no matter how tiny, got dealt with in the usual manner.Silver managed to close in the plus column, but only by 4.5 cents, finishing the Friday session at $21.74 spot. Net volume was only 28,500 contracts.Here’s the New York Spot Silver [Bid] chart on its own, so you can see the price action there in more detail.The price action in both platinum and palladium was a derivative of the price action in both gold and silver. Here are the charts, so you can check it out for yourself.