first_imgSponsor Advertisement The dollar index opened about 80.80…and then fell to 80.60 by 2:00 p.m. Hong Kong time.  It sat at that price until about 8:30 a.m. in London, before rising just under 30 basis points by 8:40 a.m. in New York about five hours later.Then the dollar really took off to the upside…and by 10:20 a.m. it had tacked on another 75 basis points.  This was its high of the day…and from there it gave up about 25 basis points going into the close of trading at 5:15 p.m. Eastern time.  The dollar index closed up 69 points.Except for the New York high in the dollar…which corresponded exactly with the low in gold and silver…it’s a bit of a stretch to say that there was much real co-relation between the dollar and the precious metal prices yesterday.The gold stocks were pretty much slaved to the gold price yesterday…and the HUI finished down 1.40% on the day, but up 4.1% year-to-date.The silver stocks were down across the board yesterday…and Nick Laird’s Silver Sentiment’s Index closed lower by 2.19%.(Click on image to enlarge)The CME’s Daily Delivery Report showed that 38 gold and 23 silver contracts were posted for delivery on Tuesday.  And, once again in silver, it was Jefferies delivering on the short side…and the Bank of Nova Scotia and JPMorgan receiving on the long side.  The link to yesterday’s Issuers and Stoppers Report is here.There were no reported changes in either GLD or SLV…and the U.S. Mint had no sales report, either.The silver action over at the Comex-approved depositories just doesn’t stop.  On Thursday they reported receiving 1,488,261 troy ounces of the stuff…and only shipped 250,774 ounces out the door.  The link to that action is here.The Commitment of Traders Report yesterday was pretty much what I was expecting.  The Commercial net short position in silver increased by 3,146 contracts, or 15.73 million ounces…and I’m guessing that a huge chunk of that was the small Commercial traders, Ted Butler’s raptors, selling out their long positions to the tech fund shorts as the price rose.It was almost the same thing in gold, but there wasn’t as much of a deterioration as I was expecting…which is certainly OK by me.  The Commercial traders only increased their net short position by 4,731 contracts, or 473,100 ounces of gold.  It was the raptors once again selling their long positions to the tech fund shorts as the price rose.Here’s another chart from Washington state reader S.A. and, as is usually the case, it requires no further embellishment from me.  I have a couple of stories on this further down.(Click on image to enlarge)Reader Scott Pluschau has done more T.A. work on the U.S. dollar now that the new COT report was released yesterday.  He had this to say in his covering e-mail to me…”COT report showed that the lights are still flashing a warning on the dollar.  There is a good chart showing weakness intraday, and a multipoint trend line that has formed on the daily.  Bulls don’t want to see this trend line break.  Commercials have got to know something.  Front-running QE3, perhaps?”  The link to Scott’s blog is here.With ruthless editing, I’ve cut the number of stories down to as few as I could.The problems we face today exist because the people who work for a living are outnumbered by those who vote for a living. – Author unknownToday’s ‘blast from the past’ was recorded by a Canadian rock band that formed in Toronto back in 1968…and this tune of theirs was a Top-10 hit all across North America in 1973.  You should recognize it instantly…and the link is here.The scale of the Kitco graph posted above makes it look like a lot happened on Friday and Thursday.  But, in actual fact, the price range in gold from it’s Thursday high to its Friday low was less than forty bucks.Even though the dollar co-relation to the gold price wasn’t the greatest, it’s not hard to see how it affected prices in the very short term.But, having said all that, there’s no question in my mind that there has been a lot of price direction changes [all down] in both silver and gold associated with the London open and the London p.m. fix…and it’s been that way for at least a decade.Here’s a chart that I’ve posted before on many occasions.  It’s something that Nick Laird over at sharelynx.com cooked up a couple of years ago…and it’s based on the prior work of German precious metals analyst, Dimitri Speck.As Nick points out in the box on the graph…”The average gold price has been obtained from four years of data…from March 2006 through to March 2010…approximately 1,000 trading days.”Using this much data over such a long period of time, takes out the day-to-day noise…and shows the underlying market trends.  Yesterday’s price action in both gold and silver is almost a carbon copy of this graph.  I urge you to use the ‘click to enlarge’ feature and spend a few minutes on it.(Click on image to enlarge)I wasn’t overly happy with yesterday’s data in the Commitment of Traders Report…as it appears that the rally off the December 29th lows is showing signs that it will end the same old way as the previous ones have done…with the Commercials going massively short against all the longs.  It’s way too soon to tell if that will be the case or not, but at the moment, it’s shaping up that way based on the last two COT reports.However, this dollar rally won’t last forever…and things are looking pretty serious over in the Persian Gulf.  But it’s hard to tell whether this dollar rally is on its last legs or not…or if these threats against Iran are purely posturing, or a count-down to the real thing.No one knows the answer to either of those questions…and that certainly includes this writer…so we’ll just have to wait it out.At the moment, gold is above its 200-day moving average…and has a ways to go to get to its 50-day moving average…and silver is still quite a distance below its 50-day moving average as well.Here’s gold’s 1-year chart.  Although it’s too soon to read anything into it, it appears that the rally in gold [and also in silver] is showing signs of rolling over.  I wouldn’t bet the ranch on that, but we should have a better indication of what the trend is by the end of next week.(Click on image to enlarge)And the 1-year silver chart…(Click on image to enlarge)Here’s the U.S. dollar chart for the last year.  As you can see, this current rally is getting a little long in the tooth if one uses the RSI and MACD lines as clues…and it may be in your interest to re-read Scott Pluschau’s T.A. commentary on the dollar further up in this column.But the take-away from this is that the big decline in gold and silver prices in late September…plus the decline in the last week of December had absolutely zero to do with the dollar…and everything to do with direct intervention in the price of both metals by the Commercial traders.  Even the gold and silver rally since the December 29th low flies directly in the face of a still-climbing U.S. dollar…and as I said in this column yesterday, that’s a bullish sign in my books.When this dollar market finally heads south, it’s going to get interesting.I’m still ‘all in’.Enjoy what’s left of your weekend…and I’ll see you here on Tuesday. The big decline in gold and silver prices in late September…plus the decline in the last week of December had absolutely zero to do with the dollar.As I commented in ‘The Wrap’ in Friday’s column, the gold price got sold off as soon as trading began in the Far East on their Friday morning.  It hit its low price tick around 11:30 a.m. Hong Kong time, but rallied back to virtually unchanged just moments before London opened at 8:00 a.m. local time…which was 3:00 a.m. Eastern.As you know, it was all down hill from there right up until the London p.m. gold fix at 10:00 a.m. Eastern.  Once the ‘fix’ was in, there was a willing seller that sold it down a percent to its New York low of the day, which was $1,624.20 spot.Gold then regained all that loss by noon Eastern time, only to give most it up by the Comex close ninety minutes later…and then regained it again by the close of electronic trading at 5:15 p.m. in New York.It was a roller coaster ride within a one percent price range.  A tempest in a teapot, perhaps?Gold closed at $1,639.70 spot…down $8.90 on the day.  Despite all the shenanigans, Friday’s net volume [126,000 contracts] was only slightly higher than Thursday’s net volume, which was 112,000 contracts.Silver’s price action on Friday was a virtual carbon copy of gold’s…with the timing of the price changes being identical as well.  Silver’s low price tick at 10:25 a.m. Eastern was $29.36 spot…and by the close had recovered 41 cents from the low.Silver closed at $29.77 spot…down 48 cents from Thursday.  Net volume was 33,000 contracts..the same as it was on Thursday. (Click on image to enlarge)(Click on image to enlarge) New Pacific Metals Corp. reports on a re-evaluation of prior drill results from its 100% owned Tagish Lake Gold Property, Yukon Territory, Canada, which includes the Mt. Skukum Mine, a past gold producer, and two advanced stage projects: Skukum Creek and Goddell.  At Goddell, a team of New Pacific geologists has prepared a series of cross sections from data contained in prior NI 43-101 technical reports, revealing an intersection in drill hole 97-41 of 64.69 metres (38.42 m true thickness) grading 5.75 g/t gold; another three drill holes intercepted intervals greater than 30 metres long with grades in excess of 5 g/t gold. The new geological interpretation for the Goddell Project identifies a previously unrecognized target, the P.D. Zone, which remains open in all directions.  New Pacific is currently synthesizing results from over 120,000 metres of surface and underground drilling and more than 4,800 metres of underground workings, and is developing plans for an aggressive exploration and development campaign in 2011. New Pacific Metals Corp. is focused on near-term, high margin opportunities in Canada and China. Please visit our website to learn more about the company and request information.last_img

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first_imgThe current plan is to spread the derby over two weekends, from September 14–16 and the following weekend on September 21–23. Story as aired: Audio PlayerJennifer-on-second-annual-silver-salmon-derby.mp3VmJennifer-on-second-annual-silver-salmon-derby.mp300:00RPd According to Johnna Beech the President of the Kenai Chamber of Commerce they were able to extend this years to more days after how successful last year was. Last year took place for five days from September 13-17. This years proceeds will go to the Kenai Community Foundation, a non-profit based in Kenai. The Kenai Community Foundation intends to utilize the funds for management and protection of river banks and other riparian zones in the City of Kenai, including improved wetland access and educational signage and development, development and improvement of bird-viewing platforms in riparian areas, and improvements to Cunningham Park. Facebook0TwitterEmailPrintFriendly分享The city of Kenai and the Kenai Chamber of Commerce is partnering once again to put on the city’s second annual Silver Salmon Derby. The rules for this years derby will be listed on the Kenai Chamber of Commerce website closer to the time of the event. Beech gave the final numbers for last seasons wrap up: “It was success! We had 266 fish brought into to be weighed, we had at least 10 kids participating, and I think adults we had 135.”last_img

first_imgThe other top editorial award, Top Editor of 2017, went to AARP’s editor-in-chief, Bob Love. The two other top awards of the day, Top Designer and Design Team of the Year, went to Ink Global’s Jamie Trendall and Time Out North America, respectively. The Eddie & Ozzie Awards has become the most comprehensive magazine media award programs, with hundreds of highly-competitive entries each year. And while magazine media continues to evolve and reinvent its core product, the awards program follows that lead by celebrating outstanding editorial and design content in both print and digital platforms. To see the complete list of finalists and winners, click HERE. New York—More than 200 magazine media professionals gathered to recognize and celebrate the industry’s best achievements in editorial and design, in both print and digital, at Folio:’s 2017 Eddie & Ozzie Awards Luncheon.More than 250 awards were handed out to consumer, B2B, regional and association magazines. And changes in the industry were reflected by a more comprehensive focus given to apps and digital editions.Several titles were honored with multiple awards this year. Multiple winners included AARP, Harvard Business Review, The Red Bulletin and Baltimore Magazine, among others. Baltimore Magazine had a particularly successful afternoon and took home the coveted Top Editorial Team of 2017.last_img

first_imgWILMINGTON, MA — Below are 5 things to do in Wilmington on Friday, March 15, 2019:#1) Wilmington Youth Center Preview NightAttention all 5th graders living in Wilmington!  Have you heard about the Wilmington Youth Center?  Are you curious as to what the 6th, 7th and 8th graders are doing?  Are you waiting anxiously until you become a member?The Youth Center Board invites you to a Preview Night on Friday, March 15, 2019, from 7pm to 9pm, to give you the opportunity to come by and check out the Center!  The Center is located in Villanova Hall (126 Middlesex Avenue), behind St. Thomas Church.The Youth Center offers a variety of activities, including:Board GamesJuke BoxFoosballPing PongBilliardsVideo Games for: PlayStation 3 / PlayStation II / WII / X-Box KinectVideo Arcade Room and Arcade-Style BasketballThrough the season, the Center sponsors craft nights, whiffle ball, and DJ dancesPizza, soda and candy are also available for purchase each weekThe Wilmington Youth Center has responsible adult supervision on duty from the time the Center opens until after the children have been picked-up. There is no registration fee for this “Preview Night.” Parents are asked to accompany their children in on this evening to leave a contact number with the Center.#2) Registration For Children’s Theatre Workshop OpensThe Wilmington-based Children’s Theatre Workshop recently announced details of its 2019 summer season on its Facebook page:“Junie B. Jones The Musical JR” is the elementary main stage production. The session will run from June 24 to July 5, Monday through Friday, 9am to 4pm. (No camp on July 4.) Performance dates are July 5 and July 6.“Frozen JR” is the Middle School production. The session will run from July 8 to July 19, Monday through Friday, 9am to 4pm. Performance dates are July 19 and July 20.A high school production session will run from July 22 to August 2, Monday through Friday, 9am to 4pm. Performance dates are August 2 and August 3. The title will be announced shortly.Registration for all summer sessions will open on Friday, March 15, 2019. Learn more information about each summer session HERE.#3) Drop-In Preschool Storytime At LibraryThe Wilmington Memorial Library (175 Middlesex Avenue) is holding a drop-in preschool storytime at 10am. Drop in for stories, songs, rhymes and a fun craft!  Space is limited. Tickets will be distributed on a first-come, first-served basis.  Ages 2-5 and one or more adults.#4) St. Patrick’s Day Celebration For SeniorsTo celebrate St. Patrick’s Day, the Buzzell Senior Center will be having a delicious homemade corned beef and cabbage luncheon at the Wilmington Knights of Columbus Hall at 1pm. Come relax and enjoy an excellent afternoon with good food and friends. We will also have live entertainment by Joe Leary—back by popular demand! This lunch is sponsored by Peter MacLellan. We are so fortunate for Peter’s continued generosity. We are also very lucky to have this meal prepared by our specialty chef Lou Cimaglia. We will have a THANK YOU card at front desk for everyone to sign.#5) Karaoke At Pacific GrovePacific Grove (211 Lowell Street) is hosting karaoke from Winnell Entertainment beginning at 8pm.Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email wilmingtonapple@gmail.com.Share this:TwitterFacebookLike this:Like Loading… RelatedWilmington Youth Center To Hold Preview Night For 5th Graders On March 15In “Community”5 Things To Do In Wilmington On Friday, September 6In “5 Things To Do Today”5 Things To Do In Wilmington On Friday, June 7, 2019In “5 Things To Do Today”last_img

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