Communiqué: Anglican-Lutheran International Coordinating Committee

first_img Priest Associate or Director of Adult Ministries Greenville, SC Director of Administration & Finance Atlanta, GA Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Director of Music Morristown, NJ Canon for Family Ministry Jackson, MS Anglican Communion, Ecumenical & Interreligious Featured Events Rector Collierville, TN This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Youth Minister Lorton, VA Curate Diocese of Nebraska Curate (Associate & Priest-in-Charge) Traverse City, MI Associate Priest for Pastoral Care New York, NY Featured Jobs & Calls Assistant/Associate Rector Morristown, NJ Rector Tampa, FL TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Rector and Chaplain Eugene, OR Priest-in-Charge Lebanon, OH Press Release Service Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem [Anglican Communion News Service] The Anglican-Lutheran International Coordinating Committee (ALICC) held its fourth meeting in Adelaide, Australia, 25 to 31 May 2016, under the leadership of Bishop Michael Pryse of the Evangelical Lutheran Church in Canada and Bishop Tim Harris of the Anglican Church of Australia, co-chairs.The meeting was hosted by the Anglican Communion and the Diocese of Adelaide. The Committee warmly appreciated the practical, technical and friendly support from St Barnabas College and the Diocese of Adelaide.During this meeting the Committee substantially completed a daily devotional resource called Grace upon Grace: Voices around the World. This book will be available late in 2016, in both hardcopy and online as a PDF-file. It is intended to assist Lutherans and Anglicans to commemorate together the 500th anniversary of the beginning of the Reformation. This material illustrates the constant need for all churches be open to reform and renewal by the Holy Spirit. This is a six-week daily devotional resource, with contributions by Anglicans and Lutherans; men and women; lay and ordained fromaround the world. The themes are:• God’s mission in the world (Mission Dei)• Liberated by God’s Grace• Salvation – not for sale• Human beings – not for sale• Creation – not for sale• Freed to serve (Diakonia)Each day has its own theme, a Scripture passage and a reflection. In addition, there is a Eucharistic liturgy, inviting Anglicans and Lutherans to worship together. It is the Committee’s hope that this resource will be used by Anglicans and Lutherans in joint groups as well as by individuals. Above all, it is an encouragement for us to pray for and with one another.As part of its task to be a catalyst, the Committee was delighted to note the forthcoming theological conferences on Grace in Hong Kong in September 2017, organized by Ming Hua Theological College and the Lutheran Theological Seminary.This year, the Committee also continued its work of mapping Anglican and Lutheran relationships around the world and noted with delight progress at various levels, in different parts of the world. In order to fulfill its role to be a catalyst for such relationships, the committee will during 2016 complete a resource entitled Deepening of Relationships: Opportunities for Communion – A Guide Map. This material illustrates stages in relationships between Anglicans and Lutherans, provides different scenarios, as well as lists the various agreements already existing between our two churches.During this meeting the Committee explored options for a forthcoming website. This will host Anglican – Lutheran resources, including the devotional material.The Committee appreciated a fruitful meeting at Bishop’s Court, hosted at the kind and generous invitation by Archbishop Dr Jeffrey and Mrs Lindy Driver. The meeting was attended by members of the Australian Lutheran College, representatives of national and state Lutheran Church leaders, local Anglican Bishops, the chair of the General Synod Ecumenical Relations Commission, Archbishop Dr Phillip Aspinall, and the Secretary of the South Australian Council of Churches, Ms Geraldine Hawkes.This meeting offered an opportunity for the committee to learn about the Australian dialogue between Anglicans and Lutherans and to encourage deepening relationships. Preceding the meeting, we gathered in the chapel of the Australian Lutheran College for joint Evening Prayer.In addition, the members of ALICC visited the Diocesan Synod of the Diocese of The Murray at which they were warmly received. On Sunday, the members of the Committee visited St Matthew’s Church, Kensington, a local Anglican Parishes, where we were enriched by attending the celebration of the Eucharist and joining the members of the congregation for fellowship and friendly conversations afterwards.This meeting was the last meeting for the Anglican Lutheran International Coordinating Committee (2013-2016).Members of ALICC:Anglicans:The Rt Revd Dr Tim Harris, Australia, (Co-Chair)The Revd Dalcy Dlamini, Swaziland, Southern AfricaThe Revd Augusta Leung, Hong Kong (Unable to attend)The Revd Canon John Lindsay, ScotlandThe Revd Canon Dr John Gibaut, Anglican Communion Office (Co-Secretary)The Revd Neil Vigers, (Anglican Communion Office staff)Lutherans:The Rev. Bishop Dr Michael Pryse, Canada (Co-Chair)The Rev. Joyceline Fred Njama, TanzaniaThe Ven. Helene T. Steed, Sweden and IrelandThe Rev. Sonia Skupch, ArgentinaThe Rev. Prof. Dr Nicholas Tai, Hong Kong ChinaThe Rev. Anne Burghardt, The Lutheran World Federation (Co-Secretary) Rector Bath, NC Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Communiqué: Anglican-Lutheran International Coordinating Committee Course Director Jerusalem, Israel Family Ministry Coordinator Baton Rouge, LA Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Rector Martinsville, VA center_img Missioner for Disaster Resilience Sacramento, CA Rector Pittsburgh, PA Bishop Diocesan Springfield, IL Assistant/Associate Priest Scottsdale, AZ Assistant/Associate Rector Washington, DC Rector Hopkinsville, KY Rector Belleville, IL Submit a Job Listing Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Submit a Press Release Rector (FT or PT) Indian River, MI Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Rector Shreveport, LA Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Cathedral Dean Boise, ID In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Tags Rector Albany, NY New Berrigan Book With Episcopal Roots Cascade Books Rector/Priest in Charge (PT) Lisbon, ME AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Associate Rector Columbus, GA Submit an Event Listing Rector Smithfield, NC Associate Rector for Family Ministries Anchorage, AK Rector Washington, DC Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Posted Jun 15, 2016 The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Rector Knoxville, TNlast_img read more

Kid Rock Confirmed His Senate Run Is A Joke, So That’s Good I Guess

first_imgAll good things must come to an end. Also, all terrible things must come to end. Objectively, Kid Rock’s puzzling Senatorial campaign falls in the latter camp, but at least it’s finally over (we hope). On Tuesday morning, the Michigan Senate hopeful and Pimp of the Nation took to SiriusXM’s Howard Stern and clarified his political intentions, noting that his recent campaigning was a joke and promotional tactic for his upcoming album, Sweet Southern Sugar.Kid Rock Might Be Running For U.S. Senate Because Everything Is TerribleBack in July, Kid Rock announced a potential bid for Michigan’s Senate with the hilarious website,, which didn’t have much on it except for a gift shop for campaign gear, an unsettling picture of Kid Rock with a taxidermied deer, and a GIF with some shitty turns of phrase around the double meaning of the word “party.” At the time, Consequence of Sound looked into the website and saw that it was hosted on Warner Bros.’ website, meaning it was most likely that “the rocker [was] parlaying recent speculation into a marketing opportunity for a new music project.”Pimp Of The Nation: Watch Kid Rock’s Ridiculous Senate Campaign SpeechNow, months later, after Rock has collected an unknown but probably stupid amount of money from fans stoked to see him in office, the wannabe cowboy formally confirmed that his senatorial campaign was a joke. Despite being a marketing ploy for his new album, Rock’s fake campaign did gain a lot of attention, earning actual endorsements from the White House, bigoted melting cheese curd Steve Bannon, and former New York Governor George Pataki. However, Rock definitively told Stern, “Fuck no I’m not running for Senate. Are you fucking kidding me? Who fucking couldn’t figure that out?” He continued to say that announcing the run was “the worst advice that I ever gave myself, but it’s been the most creative thing I’ve ever done, and I got to see everyone’s true colors.”However, while Rock says that it’s clear that his political campaign was a joke, legally, the waters were muddied when he began collecting money for campaign gear and directly stated that he was running for Senate (so pretty much immediately). As it turns out, you can’t pretend to campaign for political office ironically. As noted in an article by Vanity Fair, Paul S. Ryan, vice president for policy and litigation at the nonpartisan political watchdog organization, Common Cause, explained, “Regardless of whether Kid Rock says he’s only exploring candidacy, he’s selling ‘Kid Rock for Senate’ merchandise and is a candidate under the law. This is campaign finance law 101.”During Rock’s interview with Stern, he also shed some light on how the idea for him to pretend to run for office came to be, noting that a fan told him to run earlier this year. With the idea incepted into his mind, he elaborated on what came after, noting he thought, “fuck it, let’s get some signs made… we start going with it. Everyone gets their panties in a bunch. I have people who work for me, they’re on the in, I’m like, ‘fuck no we’re not doing it, but let’s roll with it for a little while. This is awesome.’”[H/T Billboard]last_img read more

St. Peter’s in thumping Copa Coca-cola start

first_img“It was a good game for us especially starting the championship with a win. You could say maybe the team from North Eastern was a bit overwhelmed by the weather or altitude but I think tactically, we overpowered them. The tournament is very tough but we will do our best to win the title,” St. Peter’s coach Moses Kibengwa told Capital Sport after the match.Subunly had the game’s first chance with Muktar Hillon going through on goal after breaking the offside trap, but his shot from inside the box was saved by the keeper.Having dodged the bullet, St. Peters who beat holders Kakamega High in the regional finals to book a ticket to the nationals went on the offensive. In the ninth minute, Stanley’s curling effort from the edge of the area went just wide.St Peters Mumias High school midfielder Ben Stanley controls the ball under pressure from Subunly’s wingers during their Copa Cocacola Under-16 School Games Championship at the Hill School in Eldoret on Tuesday July 24, 2018. PHOTO/Timothy OlobuluTwo minutes later, they were away celebrating the opener when Haggai scored the first of his two on the second bite of the cherry, tapping the rebound home after the keeper had saved his initial shot from the edge of the box.St. Peter’s were dominating the game and should have had more were they more clinical with their chances. On the quarter hour mark, Stanley had a shot from the edge of the box but it was too weak to trouble the keeper.In the 20th minute, they were made to pay for their misses with Subunly skipper Feisal Abdi scoring from the penalty spot after a handball inside the box.Subunly managed to hold on to the 1-1 score line till half time but upon resumption, they capitulated. Within 10 minutes of the second half, the Western region representatives had sealed the game.Oloo tapped home from a rebound inside the box before Stanley’s stunning freekick beat the keeper. Haggai then added his second tapping home after a goal mouth melee before he finished off the job with a brilliant freekick from the right.Evans Onsarigo of Riyabu School celebrates his goal against St Ciprian during their Copa Cocacola Under-16 School Games Championship at the Hill School in Eldoret on Tuesday July 24, 2018. PHOTO/Timothy OlobuluIn the other match, Evans Onsarigo’s thumping freekick from 30 yards out set Riyabu’s tone going against Eastern’s St. Cyprian before Solomon Ondari’s header 15 minutes later drove the final.In the girls’ matches, defending champions Olympic High School from Nairobi were handed a 5-0 thrashing by Rift Valley’s Wiyeta in a repeat of last year’s final which had ended in Olympic’s favor.Jecinta Karemana and Juliet Anyango scored a brace each with Sarah Nanjala adding the fifth in the romp.Action between Sega Girls and Alliance High School in action Copa Cocacola Under-16 School Games Championship at the Hill School in Eldoret on Tuesday July 24, 2018. PHOTO/Timothy OlobuluIn the other Pool A match, Sega Girls from Nyanza outclassed Central Region’s Alliance High School 3-0 with Sharon Onino breaking the dreadlock from the penalty spot, before substitute Violet Achieng and skipper Rose Ogutu added on to the haul.Sega were hugely dominant against Alliance and they went to the break with a 1-0 lead after Onino thumped a penalty home after a handball inside the box.Alliance came back determined to draw level in the second half but had their bid punctured when Achieng broke the offside trap to break into the box and beat the keeper one on one.Skipper Ogutu finished off in superb fashion, dribbling away from her markers at the edge of the box before unleashing a thunderous shot that Alliance keeper Neema Kisuge could only watch as the net shook in an act of approval.0Shares0000(Visited 4 times, 1 visits today) 0Shares0000Subunly captain Feisal Abdi vies for the ball against a St Peters Mumias High school opponent during their Copa Cocacola Under-16 School Games Championship at the Hill School in Eldoret on Tuesday July 24, 2018. PHOTO/Timothy OlobuluELDORET, Kenya, Jul 24 – Western Region representatives St. Peters High School Mumias and Nyanza’s Riyabu school started their 2018 Copa Coca-cola campaigns on a winning note with St. Peters beating North Eastern’s Subunly 5-1 while Riyabu were 2-0 winners over Eastern Region’s St. Cyprian.Four second half goals saw St. Peters shake off an early scare from Subunly in a game that Kevin Haggai scored a hatrick while Jack Oloo and Ben Stanley added a goal each.last_img read more

Brand South Africa takes agenda to build competitiveness to Mpumalanga

first_imgJohannesburg, Wednesday 16 September 2015 – Brand South Africa will on Thursday 17 September 2015 bring the country’s agenda of building competitiveness, pride and patriotism, to the province of Mpumalanga during a one-day workshop at the Mecure Nelspruit Hotel, in Nelspruit.This is in line with Brand South Africa’s agenda to encourage all South Africans to play their part in building South Africa as a globally competitive destination for investment, tourism and skills.Provinces and cities are crucial to the positive positioning of South Africa because they cumulatively contribute to perceptions about the country.These are the perceptions that drive the country’s reputation.Building positive perceptions about South Africa requires all citizens to have hands on deck and Brand South Africa is happy to host representatives of business, government and civil society at the workshop.The inputs from the workshop will contribute to Brand South Africa’s efforts to position the country as a competitive investment destination.Media are invited to attend the workshop. The details are as follows:Date: Thursday 17 September 2015Time: 08h30Venue: Mecure Nelspruit Hotel, Cnr. N4 & Graniet Street, NelspruitEnquiries/RVSP: Manusha Pillai on [email protected] or SMS to 082 389 3587Follow the conversation on #CompetitiveSAlast_img read more

Challenging harvest conditions showing up in the heart of the Corn Belt

first_imgShare Facebook Twitter Google + LinkedIn Pinterest By Matt ReeseCorn and soybean lodging, quality issues, and persistent moisture have plagued the 2018 harvest for Ohio so far. According to the USDA National Agricultural Statistics Service Crop Progress Report for the week ending Oct. 14, the heat and dry conditions for part of the week allowed corn harvest to continue to outpace the 5-year average in Ohio. Soybean harvest moved ahead 13 percentage points, although it continues to lag behind the 5-year average.Though there have certainly been challenges in Ohio, buckeye farmers had better be careful before lamenting too long. Ohio is certainly not the only state facing harvest issues.In Minnesota, cool and wet weather conditions continued to hamper harvest progress during the week ending Oct. 14, 2018, according to USDA. There were only 1.1 days suitable for fieldwork, the fewest days suitable this year since the week ending April 22 when there were no days suitable for fieldwork.The persistent wet conditions have left Minnesota’s topsoil moisture at 56% adequate and 42% surplus, according to USDA. Despite the challenges, corn harvest progress for Minnesota is near normal at 18% in 2018 compared to the 20% five-year average. Soybean harvest, however, is really falling behind with a five-year average of 69% of the Minnesota crop harvested and only 38% of this year’s crop out of the fields so far in 2018.Steady rains, heavy fog, cool weather and even snow have kept soybeans from drying down this fall and really slowed harvest efforts for Steve Eickhoff who farms in the Spring Valley area in the southeast corner of Minnesota.“We have maybe a quarter of our beans done and we started corn after the snow melted from this weekend. Everything got mature early but we have been so wet,” Eickhoff said. “The first snow we had was on Sunday but to the north they have already had snow a couple of times. We have been cold with highs in the 40s the last couple of weeks. We usually start harvesting soybeans the end of September and by early October we are usually going hard on the beans. The beans are ripe, but we can’t get them dried down. The forecast is for highs in the 50s but sunshine for the next 10 days. We’ll see what happens.”Eickhoff said the soybean crop for the area looks to be about average and corn yields look strong — if they can get them out of the fields in a timely manner.“Stalk quality is not real great and the beans are all leaning. We have had some wind issues and we don’t need any more snow that is for sure,” he said. “One of the blessings of being cold is that we haven’t had any conditions for the molds. I think the grain quality is pretty good. So far we have heard some horror stories but we haven’t had any sprouting or anything like that. I don’t think we ever got the beans dry enough for that to happen.”In Iowa the story is similar. Rain and early snow showers limited Iowa farmers to just 0.8 day suitable for fieldwork during the week ending Oct. 14, according to the USDA. Activities for the week included moving grain, monitoring field conditions and harvesting corn when weather permitted. A whopping 60% of the topsoil in the nation’s top corn producing state had surplus moisture. Only 17% of the state’s corn crop had been harvested compared to the five-year average of 24%. For soybeans, 19% had been harvested compared to the 51% five-year average. And, while harvest progress continues to lag, Iowa’s farmers are grimacing at the rainy forecast for many parts of the state through late October into November.last_img read more

Why Developers Are Such Cheap Bastards

first_imgHow to Write a Welcome Email to New Employees? Tags:#app development#developers Growing Phone Scams: 5 Tips To Avoid 7 Types of Video that will Make a Massive Impac… You develop software for a living. Why are you such a cheap bastard?We’re not talking about your personal spending habits. If you are any good at what you do, you probably make a fair amount of money and spend it on whatever catches your fancy. We’re talking about the tools you use to do your job. Developers expect, no, demand free tools and services to do their jobs. Whether it is analytic services, integrated development environments (IDEs), application programming interfaces (APIs) or software developer kits (SDKs), developers almost always refuse to pay for the tools they use to do their jobs. Many developers would rather go out of their way to build their own tools or use bug-ridden free tools than plunk down the money it would take to buy a service or subscription that could actually help them do their jobs more efficiently.Oxymoron: Developer-Focused Businesses ModelsThe Mobile Revolution as we know it is about six years old now. About halfway through it in 2010, lots of companies saw an opportunity to make apps for the rush of developers building apps for the Apple App Store and (as it was called then) Android Market. The idea was to make their lives easier and make some money at the same time in a nascent market. We saw a bunch of startups and (a little bit later) enterprise technology companies move to provide tools for these mobile developers. Companies like Localytics, Kinvey, StackMob, Appcelerator, appMobi, Sencha and many more all had the idea of providing developers with tools to help them do their jobs. Almost all of them have shifted their business models away from the “developer tools” avenue of making money. Because developers just don’t want to pay. Appcelerator, StackMob and Kinvey have gone with an enterprise-focused business model. Localytics’ prime target is to sell to marketers that crave data to do their jobs. appMobi sold its HTML5 developers tools to Intel. Sencha makes money by, among other things, selling cloud services to developers (a common theme with several of these companies). Enterprises and marketers pay for data, tools and services. Developers? Not so much.The Culture Of FreeDevelopers are spoiled. The big platforms basically give them all the tools they need for free. Google, Apple, Microsoft, Amazon and Facebook basically give their tools to developers, hoping to entice them to write for their platforms. In Microsoft’s case, sometimes they even straight out pay developers to build for Windows or Windows Phone and entice them with thousands of dollars of free tools. Almost by nature, developers can be arrogant, stubborn people. It makes them good at their jobs. But it also means that they almost always won’t use something that is not free or open source. They will spend a week building something that they could pay for out of the box and have running in an hour. Developers have come to expect free. In an odd, preternatural kind of way, they gravitate toward it. And the tech industry enables them to do it. The goodies at developer conferences like Google I/O are always tasty treats for developers (this year they all got expensive Chromebook Pixels, last year a smartphones and tablets). For the big software companies, it is about building a community around their brand and getting developers to publish apps and services for their platforms. Part of the core mission for Google at this year’s I/O was to update the Google Play Developer Console to give developers a suite of free tools like a new Android-focused IDE, analytics and translations services.  “As we give them more tools to make it easier to make great aps, they can try out more stuff,” said Google’s Ellie Powers in a recent interview with ReadWrite. “The basics are covered, people are generally very happy, they are giving us tremendous feedback on our product and great tools that we give them.”The Red Tape Of Paid ToolsIf has become fairly clear that developers – from the hobbyist to the professional developer studio to the enterprise-level wonk – hate paying for tools. Sometimes that has to do with their budgets (or lack thereof). Sometimes they think they can do better themselves. Developer focused site Stack Overflow had a great discussion on the topic a couple years ago. One developer, Erik B. sums up the problem with buying software tools in an enterprise nicely:If I find a non-free tool I might be able to download a free trial, without telling the boss, but if I want to buy the full version of the tool I’ll definitely gonna have to talk to my boss and he’s not just gonna give it to me. I’m gonna have to motivate why I need it. He is definitely gonna ask if there are any free alternatives and “I don’t know.” is not a good enough answer. So if I want the non-free tool I’m gonna have to evaluate all the free tools first.What Developers Will Pay ForIf you can’t get developers to pay for tools, what the heck can you get them to pay for?Services and subscriptions. More appropriately, the cloud.Amazon pulls this off perfectly. They offer a lot of free SDKs and APIs, especially around its Appstore development program for the Kindle Fire. Once Amazon has its hooks into the developer, it can then push them to pay for cloud hosting and computing through Amazon Web Services.In many ways, it is kind of a “freemium” model targeted at developers (which is ironic considering it is usually the developers that target freemium models on consumers). Get them in with the free tools, charge them for the cloud. This was essentially the model that appMobi used when it developed its litany of free HTML5 development tools. It would design for HTML5 and then sell developers cloud services to host and run their apps. When Developers Should Pay For ToolsIn a recent conversation with a developer friend, the topic of developers being cheap bastards came up. He said his rationale for when to pay for tools was fairly simple. If a developer is making around $80,000 a year, they are worth (depending on the scale) about $300 a day (considering time off for weekends and holidays). This scale slides, of course, but take the numbers as an example. So, if a developer downloads free software tools or tries to build them on their own, they are taking time out of their day from what is their normal job to configure those tools.Say a developer tool from a reputable source costs $300 and will work out of the box. If a developer wants to create a workaround, they should no more than one day on it. Otherwise it is no longer cost efficient to not buy the off-the-shelf product. Essentially, a developer should spend no more than one day trying to configure or build their own tools. Developers: When do you pay for tools? Which ones do you pay for? Let us know in the comments.center_img Why You Love Online Quizzes Related Posts dan rowinskilast_img read more

9 CBI officers get medal in excellence from MHA

first_imgNew Delhi: Nine CBI officers have been given medal for excellence in investigation, a first for the agency, for 2018 by the Union Home Ministry, officials said on Thursday.This award has been given to a total of 101 police officers from across the country, including nine from the Central Bureau of Investigation for the first time after being instituted by the ministry, they said. The winners from the CBI include Deputy Superintendents of Police — Velladurai Navaraju, Seema Pahuja, Roshan Lal Yadav, Ramavtar Yadav, Rajesh Kumar, K Pradeep Kumar and Inspectors Chandrakant Vithal Pujari, Girish Kumar Pradhan and Raman Kumar Shukla, they said. “The objective for institution of the medals for police investigators is to promote high professionalism standards of investigation of crime in the State Police and Central Investigating Agencies in the country and to recognise such excellence in investigation by investigating officers of the Police organisations,” a CBI spokesperson said.last_img read more

Another day when the highfrequency traders were a

first_imgAnother day when the high-frequency traders were active almost the entire time. The gold price traded sideways until 10:00 a.m. Hong Kong time on their Tuesday morning and, with the exception of a couple of tiny rallies at the London and N.Y. Comex opens…both of which got hammered flat immediately…it was pretty much all down hill into an early London p.m. gold fix at around 9:50 a.m. EDT in New York. Once ‘the fix was in’…the high-frequency traders went to work…and spun the price down to its Tuesday low, which came just minutes after 11:00 a.m. EDT…and minutes after London closed for the day. The subsequent [but smallish] rally lasted until the 1:30 p.m. EDT Comex close…and from there it traded sideways until the end of trading at 5:15 p.m. in New York. The high tick came in early Far East trading…and was a bit over $1,385 spot…and the low tick in New York was $1,360.10 spot. Gold closed at $1,368.30 spot…down $16.10 on the day.  Gross volume wasn’t overly heavy at around 132,000 contracts. The red trace is Tuesday’s price action. The dollar index closed on Monday afternoon in New York at 80.63…and then spent until 9:00 a.m. EDT on Tuesday morning struggling up to its high of the day, which was 80.97.  But it was all down hill from there, as the rally fell out of bed…and the index hit its nadir of 80.56 about 12:40 p.m. in New York.  The dollar index closed at 80.69…basically unchanged from either Monday’s or Friday’s close. Here’s the chart from the Sunday night open in New York.  Every rally attempt above the 81.00 mark has failed…and the dollar index has closed within 10 basis points for three days in a row.  It’s worth mentioning that the precious metals price activity has had no correlation whatsoever to the currency moves on Tuesday…not that it ever has. Without JPMorgan Chase et al riding shotgun over them 24/7…the platinum and palladium charts looked quite different.  However, don’t ever lose sight of the fact that JPMorgan is the biggest Comex short holder in both platinum and palladium as well. The gold stocks opened down…and headed lower after the London p.m. gold fix.  The bottom was basically in at gold’s low, which came a few minutes after 11:00 a.m. in New York…and the equities traded sideways into the close.  The HUI finished down 2.84%. (Click on image to enlarge) Both these charts are courtesy of JPMorgan et al…as there is nothing free market about either of them.  The MACD and RSI traces are at lows probably never seen before…and both metals are well below their respective 200-day moving averages…and are probably the most oversold in the history of either metal, certainly going back over a decade.  If anyone has weekly charts for both metals going back that far, or further, I’d love to see them…and would be happy to post them in this space. I still firmly of the belief that when the bottom does finally arrive…and the market turns up…it will do so violently, as JPMorgan et al won’t be there to go short…as they are already mega-long gold in all markets…and attempting to cut their silver loses to a bare minimum in the process.  I also believe that it will happen in such a way that no trader will be able to react to it…and you’ll either be all the way in, or all the way out. That’s certainly the way I’m playing this.  But there’s been a terrible price [both financially and emotionally] to pay for being “all in” for the last ten years.  I, and others, are still paying that price…but I’ve bet the ranch on this particular outcome. Of course, it may not turn out exactly like that, but it will be pretty close…and I’m just hoping that I’ve prepared for any eventuality. In Far East trading on their Wednesday, there was no price action worthy of the name…and the same can be said of the first couple of hours of the London trading day as well.  Volumes are very light in both gold and silver…and the dollar index continues to chop sideways just under the 81.00 mark. Since I mentioned the dollar index, I remember that Ted pointed out last week that the four largest traders still hold a bit over 80 percent of the entire short position in the U.S. dollar index…traded on the I.C.E.  Ted figures that its “da boyz”.  So whatever happens in gold and silver on their next rally, it’s obvious that the dollar is going to get hit hard at the same time…and JPMorgan et al are all set up to profit on that as well when the brown stuff hits the fan.  And as I’ve pointed out on numerous occasions, it’s only the timing of these events that remains unknown…at least to the general public, as nothing happens by accident anymore. As I hit the ‘send’ button on today’s column at 5:10 a.m. EDT…gold is unchanged from Tuesday’s close…silver is down about a dime…volumes are still very light…and the dollar index isn’t doing much. It could prove to be an interesting day for all four precious metals during the New York session…and we should be emotionally ready for anything as the trading day unfolds. See you on Thursday. It was pretty much the same chart pattern in silver, expect the low tick [$21.45 spot] came at 10:30 a.m. EDT in New York…but after that it followed the same price pattern as gold…rallying into the Comex close, before trading more or less sideways for the remainder of the day. Kitco recorded the high tick as $22.01 spot, but if the price got that high, it only lasted for a second or two before falling back, as there’s no trace of it on the New York Spot Silver [Bid] chart. Gold closed at $21.68 spot…down 16 cents from Monday.  Volume, net of the roll-overs out of the July delivery month, were rather anemic at 23,500 contracts. The red trace is Tuesday’s price action. (Click on image to enlarge) Sponsor Advertisement The silver stocks had another bad day as well, even though the silver price was down only 16 cents.  Nick Laird’s Intraday Silver Sentiment Index closed down another 2.81%. (Click on image to enlarge) The CME’s Daily Delivery Report showed that only 26 gold contracts were posted for delivery on Thursday within the Comex-approved depositories. Even though it was only a tiny amount, “all the usual suspects” were involved…and the link to yesterday’s Issuers and Stoppers Report is here. There was a withdrawal from GLD yesterday.  This time it was 48,326 troy ounces.  And as of 10:34 p.m. EDT last night, there were no reported changes in SLV. There was no sales report from the U.S. Mint. Over at the Comex-approved depositories on Monday, they reported receiving 651,006 troy ounces of silver…and shipped 234,059 troy ounces of the stuff out the door.  The link to that activity is here.  There was no reported warehouse activity in gold. I have the usual number of stories for a week day…and I hope you can find the time for the ones that are of interest to you. It’s only because JPMorgan is so smart, powerful…and adept at manipulating markets…that they have been able to amass such a large gold long and small short silver position. The truth is maybe they can add more to the gold long and reduce the silver short position with still lower manipulated prices, but we have to be in the terminal phase of this operation in terms of gauging how many more sellers can be lured in at this point. There is a limit to such engineered speculative selling. Therefore, since JPM is running out of road as to how much more gold and silver they can buy before we reach the resolution, it is no exaggeration to say that we are running out of time in which to buy cheap silver…and gold. – Silver analyst Ted Butler…15 June 2013  It was another day of low volume, but another day when the high-frequency traders were active almost the entire time…as there was no precious metal-specific news to account for the big sell-offs in both gold and silver during the Comex trading session in New York.  Ted Butler’s quote from his Saturday commentary posted above, explains it better than I can. And as I mentioned further up…and in yesterday’s column…I expect to see some price ‘action’ when the word comes down from the FOMC meeting at 2:00 p.m. EDT this afternoon…and I fully expect that it will allow “da boyz” to hit the precious metals hard once again.  I’d love to be proven wrong. One interesting thing I did see in that piece by Dr. Alex Cowie posted in the ‘Critical Reads’ section, was the weekly silver chart.  I always post the daily charts…and it’s rare event when I remember to post anything else. Not only are we at the bottom of the barrel in price terms…and in the Comex futures market as well…but it is more than obvious when one looks at the 3-year weekly charts for both metals.  As Ted said on the phone yesterday…a major low is being set. Avrupa Minerals Ltd. is a growth-oriented prospect generator focused on aggressive exploration for valuable mineral deposits in politically stable and prospective regions of Europe with a growing pipeline of prospects in Portugal, Kosovo and Germany. 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Low risk exploration strategy Share structure and cash on hand (12/31/2011): 16.1 million shares outstanding; 23.7 million shares outstanding, fully diluted 40% of shares held by insiders, family, friends, and long-term investors Approx. C$ 500,000 cash on hand (consolidated Canada and Europe) Antofagasta has provided US$ 350,000 for all anticipated Alvalade JV expenses for Q1 2012. Please visit our website for more information.last_img read more

In This Issue Dollar stuck in a tight range…

first_imgIn This Issue. * Dollar stuck in a tight range… * German confidence highest in 6 years… * Kiwi falls after NZ’s trade deficit widens… * Precious metals are largely unchanged… And, Now, Today’s Pfennig For Your Thoughts! Budget negotiations leave the dollar stuck in a rut… Good day, and what day is it???  HUMP DAAAAAY!!  I just love that commercial.  Yes we made it to the halfway point of the week, it is all a downhill run from here.  Chuck will be back writing the Pfennig tomorrow, so this is the last day of writing for me.  I can get back to my early morning workouts tomorrow and take advantage of these beautiful mornings we have been having.  The weather has cooled off just enough to make my morning runs nice and crisp. The markets have cooled off a bit also, staying in a fairly tight range after a pretty volatile last week thanks to the FOMC.  The dollar edged lower vs. most of the major currencies, but still didn’t break out of the tight range it has settled in following the big drop last Wednesday.  The uncertainties surrounding the US budget negotiations have most investors staying on the sidelines.  I still believe a budget deal will be reached, I just hope it gets done soon. The US data released yesterday was mixed, and did little to convince investors the US economy is gaining strength.  The S&P/Case Shiller home price index ticked up slightly, but was just below estimates.  The data showed US home prices have slowed their rate of gains, rising just .62% in July after a .88% increase during the prior month.  A separate report released by the US Federal Housing Finance Agency showed a slightly better increase in home prices with a 1% increase in July.  But both of these reports are for July, and don’t fully reflect the higher interest rates which took hold over the summer.  The other big piece of data released yesterday was US consumer confidence which slipped a bit in September.  The Conference Board’s Consumer Confidence index came in at 79.7 this month following a revised reading of 81.8 in August.  This was largely in line with economists’ expectations and reflect consumers’ worries that the US economic recovery could continue to be in jeopardy.  The uneven recovery of the labor market, and uncertainties about the Federal budget and new healthcare requirements continue to weigh on consumer confidence.  This recent drop in confidence is even more worrying for the markets as we are entering the incredibly important Christmas shopping season.  Today we will see some additional information on the health of the housing market with the release of the New Homes Sales figures.  We will also get a relatively new piece of data which shows the Household Change in New Worth (largely driven by home prices).  And before we see the latest readings on home sales we will get the Durable Goods Orders that are expected to have decreased by .2%.  This is actually an improvement over last month’s reading when durable goods orders fell a surprising 7.4%.  The budget battle has led to a bit of risk aversion, providing some support for the US$ and Japanese yen while some of the ‘riskier’ assets have been sold.  As I mentioned earlier, the currencies are all trading in a fairly tight range; the largest mover of the major currencies vs. the US$ today is the NOK which is down .8%.  This move is in concert with a similar slide in the value of the Swedish krona which got sold after data showed Swedish consumer and manufacturing confidence slumped in September.  The Nordic country’s consumer confidence gauge fell to 98.0 from a revised reading of 98.8 in August.  An increase in confidence was expected, so the more pessimistic view came as a surprise to the markets.  This Swedish pessimism stands in stark contrast to German consumers whose confidence in their economy rose to 6 year highs.  GfK market research group released its forward looking consumer sentiment indicator yesterday, and the survey showed German consumers are as confident in their economy as they have been since before the 2008 financial crisis rocked the markets.  The same firm predicts private consumption in Germany will increase about 1 percent in real terms during 2013 a sign that the German economy will grow moderately this year as the euro-area emerges from the ‘second dip’ of a double dip recession.  Another report confirmed the GfK numbers as the Ifo Institute’s business confidence indicator improved slightly. Merkel’s victory in last week’s German elections was a big deal for the euro as it provides businesses and consumers some confidence that the euro is here to stay.  All of the uncertainty about the euro’s future hung over the European continent like the sword of Damocles; smothering any real economic progress in the euro-region.  While the euro-crisis will undoubtedly show up on our radars again, the question of the euro’s survival is less of an issue.  The ECB and European Union can hopefully continue to move toward creating a banking and financial system which will continue to support the weaker members while keeping the overall economy on a positive growth track.  Things are certainly starting to look up for the euro area.  The New Zealand dollar fell in overnight trading after official data showed the nation’s trade deficit widened to 1.2 billion NZD last month.  This was the largest deficit in five years, and exactly what has been worrying us about the kiwi.  Chuck and I were just discussing the New Zealand dollar a couple of weeks ago, and he brought up the tiny island’s trade deficit as a factor which could weigh on the currency.  Trade deficits are typically a drag on a country’s currency, as the currency is sold in exchange for goods / materials being imported into the country.  In contrast, countries who run a trade surplus are actually creating demand for their currencies which of course supports their price.  Adding to the kiwi’s woes was a earnings warning by the NZ dairy giant Fonterra.  Dairy exports are very important to New Zealand’s economy, accounting for about 7 percent of annual GDP and one quarter of annual exports.  The kiwi is off .58% vs. the US$ today, but is still one of the best performing currencies during the month of September.  The best performing currency during the month of September?  The Brazilian real which is up over 8% vs. the US$.  Brazil’s central bank chief Alexandre Tombini said their FX market intervention had accomplished their intentions, reducing volatility for the Brazilian currency.  Tombini told Brazilian lawmakers that the central bank would continue to ‘stand at the ready’ with its $60 billion intervention program.  I am not a fan of currency intervention, as it rarely works over the long term, but it can have an impact in daily trading levels.  One piece of positive news which Tombini relayed in his speech was that he expects Brazil’s current account deficit to fall to 3% of GDP from the current level of 3.4%.   Also supporting the real is the expectation that interest rates will increase 75 basis points before the end of the year.  Inflation expectations have been increasing, with current forecasts of 5.96% inflation next year; well above the central bank’s target rate of 4.5%.  The commodities inched higher as China demand drove prices of raw materials higher.  Precious metals reversed a 3 day drop in overnight Asian trading, but couldn’t hold on to the gains in early European trading and are mostly unchanged. Then there was this. The folks on the desk know I sometimes struggle for material when I’m writing the Pfennig, so they help me out by sending me a steady stream of what I call ‘Pfennig Pfodder’.  Tim Smith did just that yesterday, sending along a couple of very good quotes which he had come across on the internet; and one in particular stuck out.  It is from Peter Coy, in a posting on the Bloomberg-Businessweek website on September 17th: ”The nonpartisan Congressional Budget Office on Tuesday projected a much gloomier long-term outlook for federal budget deficits than its year-ago forecast.  The CBO now predicts that federal debt held by the public will rise to 100 percent of gross domestic product by 2038 under its ‘extended baseline scenario.’  (It’s around 73 percent now.)  Last year it predicted the ratio would fall to 52 percent over the quarter-century in the baseline scenario. This is, as the CBO notes, a ‘very large’ forecast revision.” ”Reasonable people can disagree as to whether the federal government needs to tighten its belt right now, with the economy weak and unemployment high, but it’s pretty obvious that in coming decades, something has to give. Here’s how the CBO put it: ‘How long the nation could sustain such growth in federal debt is impossible to predict with any confidence.  At some point, investors would begin to doubt the government’s willingness or ability to pay U.S. debt obligations, making it more difficult or more expensive for the government to borrow money.  Moreover, even before that point was reached, the high and rising amount of debt that CBO projects under the extended baseline would have significant negative consequences for both the economy and the federal budget.’ ” Chris again.We have been writing about the growing debt and deficits for years now, but the story just doesn’t get old as the IOUs just continue to pile up.  As the CBO suggests, we will eventually hit that ‘tipping point’ but even before that we will definitely see dramatic reductions in the amount of funds available for ‘discretionary spending’ as rising interest rates continues to push the cost of servicing all of this debt higher.  It isn’t a pretty picture, but unfortunately it is one which is certain. To recap. The US dollar is stuck in a range as the congressional budget battle has investors wondering where to turn.  European data showed German confidence is at a 6 year high, while Swedish confidence levels dropped.  The New Zealand dollar was the largest loser vs. the US$ after a report showed the trade deficit widened and the globes largest dairy company issued an earnings warning.  The Brazilian real moved higher and the precious metals are largely unchanged. Currencies today 9/25/13. American Style: A$ .9359, kiwi .8218, C$ .9696, euro 1.3504, sterling 1.6033, Swiss $1.0979. European Style: rand 9.8683, krone 6.0194, SEK 6.4259, forint 221.96, zloty 3.1198, koruna 19.153, RUB 31.99, yen 98.44, sing 1.2541, HKD 7.7533, INR 62.42, China 6.1497, pesos 12.9780, BRL 2.1971, Dollar Index 80.424, Oil $103.80, 10-year 2.64%, Silver $21.63, Platinum $1,426.24, Palladium $718.97, and Gold. $1,321.06. That’s it for today. Another absolutely gorgeous evening here in St. Louis and another win for my daughter’s JV field hockey team.  I ran home from her game to watch the Cardinals inch a little closer to wrapping up the division.  Rookie pitcher Michael Wacha (who we got with the compensational pick after losing Pujols) got within one out of throwing a no hitter last night.  What a game!  If any of you were watching it on TV last night you saw both Jack Stapleton and Frank Trotter sitting in the first row behind home plate.  I just love the post season, and if our ‘young arms’ can hold up we could see our Redbirds go deep into the fall again this year.  Chuck will be back in the saddle tomorrow, so this is it for me.  Thanks to everyone for putting up with me the past three days, and I hope you all have a Wonderful Wednesday!! Chris Gaffney, CFA Vice President EverBank World Markets 1-800-926-4922 1-314-647-3837last_img read more