Ohio State field hockey improves to 20 in Big Ten play in

Sophomore midfielder Morgan Kile (8) battles for the ball in a game against Saint Louis on Aug. 28 at Buckeye Varsity Field. OSU won the season opener 5-0.Credit: Kevin Stankiewicz / Asst. Sports EditorThe Ohio State field hockey team brought home its second Big Ten win of the season Sunday afternoon on the road against Penn State, 2-1. Sophomore midfielder and Mountain Top, Pennsylvania, native Morgan Kile won the game when she scored her first goal of the season nine minutes into the double-overtime period off a fast break. In addition to scoring, Kile has tallied up three assists on the year for the Buckeyes, who now sit at 6-3 overall and 2-0 for Big Ten games.  OSU’s first goal of the game was scored by junior forward Brooke Hiltz nine minutes into the second half, which tied the score 1-1.Looking back, October 2011 was the last time the Buckeyes defeated Penn State (4-5, 1-2). With its first two conference games ending in wins, OSU is having its most successful start in the Big Ten since 2010.The first half of the game was mostly controlled by an offensively driven Penn State, with 14 shots and nine penalty corners in its favor. The Nittany Lions scored the first goal of the game 23 minutes in when junior forward/midfielder Brooke Birosik shot successfully off a penalty stroke.OSU’s defense, including sophomore goalie Liz Tamburro and her 11 saves, kept Penn State from advancing anymore on the scoreboard. Freshman back Hannah Pany and sophomore midfielder/back Carolina Vergroesen also assisted the defense with one save each. The score was tied in the 47th minute thanks to Hiltz’s goal shot from the short left side with an assist from freshman midfielder/forward Casey Cole. Despite the Buckeyes’ five shots, the offense was unable to score again, bringing the game into overtime.During the first overtime period, Penn State generated two shots, but the game swayed in OSU’s favor during the second. Including Kile’s game-winning goal, the Buckeyes had four total shots and took home the win with a final score of 2-1. The Buckeyes are set to return to the home field when they face off against Maryland on Friday at 3:30 p.m. at Buckeye Varsity Field. read more

Hindu college organises an intercollege debate

first_imgThe Old Students’ Association, Hindu College organised ‘The 6th Clash of the Titans Invitational Debate’ at The Amphitheatre, India Habitat Centre, New Delhi on November 17. The alumni of five prestigious colleges of Delhi University of national fame – Hindu College, Miranda House, Lady Shri Ram College, Sri Ram College of Commerce, Indraprastha College – participated in this great debating competition. The debaters tested their debating skill on a contemporary relevant topic – ‘Freedom of Speech is a Luxury India cannot afford’. Also Read – Add new books to your shelfRenowned Bollywood director Imtiaz Ali was the Guest of Honour and Justice Manmohan, Judge, Delhi High Court was the Chief Guest. The jury for judging the debaters consisted of Tarun Shridhar IAS, Secretary, Department of Animal Husbandry, Dairy and Fisheries, Ministry of Agriculture; Shakti Sinha, Director, Nehru Memorial Museum Library and MK Venu, Founding Editor, The Wire. Eminent Media Personality Kajori Sen was the moderator. The winning team trophy was awarded to ‘Hindu College team’ comprising of Saket Jha Saurabh and Rohit Hari Rajan. The best speaker awards went to Radha Kumar from Miranda House and Saket Jha Saurabh from Hindu College. Also Read – Over 2 hours screen time daily will make your kids impulsiveDistinguished orators participated in this unique debate. The exchange between the alumni from the five colleges of Delhi University – Hindu College, Indraprastha College, Miranda House, Sri Ram College of Commerce and Lady Sri Ram College — explored, prodded and synthesized the subject of the debate. The Old Students’ Association (OSA) of Hindu College was established in 1958. Since its inception, the Association has been active in bringing the eminent alumni of the Hindu College, Delhi on one platform. Speaking on the occasion, Ravi Burman, President, OSA, Hindu College said “We are pleased to organise ‘The 6th Clash of the Titans Invitational Debate’ competition and have distinguished guests and participants from different walks of life who have brought laurels to their alma mater through their achievements. ‘The Titans Cup’ debate is growing in influence each year and this year again women speakers out-numbered the men and had a larger number of youthful debaters being showcased. The debate serves as a unique platform to bring together alumni from different colleges and providing bonding and networking opportunities. We look forward to similar engagements each year. We are grateful to all the college authorities and the alumni for making this event a success.”last_img read more

In This Issue   Merkel says euro 130140 is no

first_imgIn This Issue.*  Merkel says euro 1.30-1.40 is normal. *  RBNZ’s wheeler to join currency war. *  Aussie sells off again. *  Gold falls below $1,600.And, Now, Today’s Pfennig For Your Thoughts!Euro Will Not Join Currency Wars!Good day.  And a Wonderful Wednesday to you! A good night for our college basketball teams, but not so much for our Blues. My beloved Missouri Tigers beat number 5 ranked Florida, and the St. Louis Billikens beat VCU to pull into 1st place in the A-10.. Great stuff! I wish I could have stayed up to watch the comeback by the Tigers, but a late start, saw me only watching the 1st half. the perils of waking up early, eh?Well. the euro seems to be making a comeback this morning, touching 1.34 briefly, and hanging around the figure most of the morning. Yesterday morning the euro was trading around 1.3340. So, more than 1/2-cent in the move overnight. I have to once again applaud the European Central Bank, the Bundesbank, and Eurozone leaders in making it perfectly clear that they will not participate in the “active exchange rate policies” that most other countries are turning to. You know, the so-called Currency Wars.  In fact, the euro got a boost this morning when German Chancellor, Angela Merkel, said that the “euro at 1.30-1.40 is normal”. That’s a good indication that Germany doesn’t see a problem with a stronger euro.Then on the other side of the Currency Wars coin, the Reserve Bank of New Zealand (RBNZ) Gov. Wheeler, made it clear last night that he’s ready to intervene to influence the kiwi. He went further saying, “When the NZ dollar is coming under upward pressure, we want investors to know that the kiwi is not a one way bet.”   Oh, brother! For all these past recent years, we had then RBNZ Gov. Bollard, dissing the kiwi whenever he felt it getting too strong, and now we have the new guy, Wheeler, outright saying he will sell kiwi to weaken it, if it gets too strong. Well, he doesn’t have to wet his powder any today, the markets made sure of that by selling kiwi by the barrel full after Wheeler’s comments.  And maybe that’s all he was looking for. But probably not. Even with the sell-off last night, kiwi has still booked a 1.7% gain VS the U.S. dollar so far this year. No great shakes, but better than booking losses!The Aussie dollar (A$), which had booked some gains yesterday on the Central Bank meeting minutes that we talked about yesterday, is selling off in sympathy to kiwi this morning. The A$ just can’t seem to catch a break these days. and that doesn’t spell good times ahead for a currency, folks. When the A$ gets support from Central Bank minutes, it should last more than one day.. And then to sell off because kiwi is? I would say the A$ is in for some trips to the woodshed.Yesterday, we had two different leaders in Japan making opposite comments on bond buying. Fin Min, Aso, said no bond buying was needed, and PM Abe, said bond buying was an option. the markets were confused until PM Abe came out last night and that “the need for a policy of bond purchases is declining”.  Yen is flat this morning, but still has the bias to sell for sure! Remember, that the G-20 basically gave Japan green lights to sell yen, as long as it was to promote growth, and not instigate a Currency War..  As if, the knuckleheads at G-20 would know the difference!And here’s something that’s begun to show up on Japan’s books that is very scary. Japan’s Trade Balance, which used to always be a Surplus, has been showing deficits this last year. Well, their January Trade Balance was a record Deficit of 1.63 Trillion yen ($17 Billion)   Japan’s hands are tied behind their back here. Yes, they want a weaker yen, and that would help exports, but would also make imports more expensive, and with the nuclear energy facilities in Japan remaining to be shut down, manufacturers need to import fossil fuels, which with the yen so weak, are pretty expensive.Another major currency in trouble is the British pound sterling (GBP).  The Monetary Policy Committee’s (MPC) meeting minutes revealed that Bank of England (BOE) Gov. King, and another BOE member, Fisher, had joined forces with another BOE member, Miles, and had all voted for additional Quantitative Easing (QE).   I think that the markets saw this and said, “hey, that’s a great excuse to sell GBP”. and so they did!With the euro stronger this morning, that means the Swiss franc can move stronger too.  I think that as time goes by, that franc bulls will try to break away from the euro. But, they will only be successful should the Swiss National Bank (SNB) decide that it’s a good idea.  But, while these two are tied together, they will move in tandem.“The BRICS Are Back”.   Well, that’s according to the research people over at Bank of America / Merrill Lynch.  And I have to say that while in my mind the BRICS never went away, they did have a slow growth year in there, I would have to agree!  But then that shouldn’t surprise  Pfennig Readers, as I’ve been touting the Emerging Markets for some time now, and these BRICS are Emerging Markets for sure!I’ve also been talking about the strength of the Brazilian real (the B in BRICS) lately.  The one currency in the BRICS that gives me the willies is the Indian rupee. Every time the rupee gets on a run, it gets knocked back down. and then struggles to regain any footing.  So, be careful, ALWAYS, with Emerging Markets folks. While I think that the improvement in global growth will come mainly from the Emerging Markets this year, that doesn’t mean it’ll all be seashells and balloons for them all the time.I love it when these BIG guys and their HUGE research divisions jump on my bandwagon!  The research division at EverBank consists of. me.  Or Chris when he writes, and Mike when he writes.  But for the most part. it’s just little ole’ me. now that’s funny! (little ole me, as if. ha!)Today, the U.S. data cupboard has plenty to give us. Not all of it though is market moving, so I’ll just touch on the Big stuff.  We’ll see the January data for Housing Starts. I would think that it would back off from the previous month’s jump. The stupid, but not as stupid as CPI, PPI (wholesale inflation) for January prints today, and should show minimal increases. And then finally, the Fed’s meeting minutes from the last meeting. The markets seem to be hung up on these meeting minutes today for some reason. I guess they want to see if the Fed Heads talked more about the need for stimulus, etc. Gold & Silver received their daily beating from the NY traders yesterday, losing $5 on the day, with Silver experiencing a dollar loss day!  I continue to read stories about retail demand in India and China for Gold, and just shake my head in disgust that this demand is not allowed to move the price of Gold higher. I know why it doesn’t and knowing why doesn’t make knowing any easier! All I can say is that cheaper levels to buy are available.And look at the 10-year Treasury trading with a yield of 2.05% this morning! Apparently, selling Treasuries is the trade these days for investors. But just wait, the Fed will probably step in here soon. that’s been the case for the past few years, no reason for them to change colors now!Then There Was This. Yesterday, I told you what the U.S. had on its docket that’s due March 1st.  Well. now the U.S. President, is urging Congress to pass a measure to delay for the rest of the year a series of automatic cuts that are set to take effect on March 1st.“It won’t help the economy. It won’t create jobs. It will visit hardship on a whole lot of people,” the president said. The cuts, he added, will “add hundreds of thousands of Americans to the unemployment rolls.”Washington appears increasingly resigned to allowing the sequester to go ahead. The cuts, totaling $1.2 Trillion over the next 10 years were a part of the agreement back in 2011, when the debt ceiling debacle unwound. Remember? A bi-partisan group was put together to come up with cuts, and they couldn’t agree, so that meant on Jan 1, 2013, the automatic cuts would begin. Then Congress passed the sequestration of these cuts, to March 1st.Chuck again. remember, that this was all passed by Congress and signed by the president in 2011. But now, he’s having second thoughts about this.  This is a perfect example of kicking the can down the road, and then catching up with the can. They tried to kick the cuts down the road, and then they kicked it further down the road, and now. Well, if you ask me, I would say that they will find another way of kicking it down the road further. But, they shouldn’t!  Sure the cuts will hurt, but not that much! It’s $1.2 Trillion over 10 years! That’s peanuts compared to what our Debt will look like in 10 years!To recap. The euro is stronger this morning on talk that the Eurozone leaders will not join the other countries in their so-called Currency War.  Most of the other currencies are booking losses though this morning, and each for their own reason, which is more like it used to be, and not all traded together!  Gold & Silver received their daily beating yesterday from the NY Traders, and are getting whacked again this morning. And there’s plenty of data to move the markets today, should the markets be so inclined.Currencies today 2/20/13. American Style: A$ $1.0310, kiwi .8360, C$ .9860, euro 1.3375, sterling 1.5285, Swiss $1.0835, . European Style: rand 8.8745, krone 5.5455, SEK 6.30, forint 218.05, zloty 3.1135, koruna 18.9805, RUB 30.09, yen 93.55, sing 1.2370, HKD 7.7545, INR 54.06, China 6.2371, pesos 12.66, BRL 1.9560, Dollar Index 80.60, Oil $96.85, 10-year 2.05%, Silver $29.05, and Gold. $1,590.00That’s it for today. I woke up very early this morning and couldn’t get back to sleep, so I just got ready and came in to work, and then I look up and notice that I’ve been writing for over 2 hours! UGH! So much for coming in early! Some days it’s just like that, and some days I have it all done in an hour. The Rhythm of Love by Yes, is playing right now. That’s a song that will get your heart beating! The sun is rising in the east, apparently, tonight we’re going to get hit with a winter storm of snow and sleet. Oh boy! Just what I want to deal with! This is the main reason I don’t want to spend winters here any longer!  And with that. I hope you have a Wonderful Wednesday!Chuck Butler President EverBank World Markets 1-800-926-4922 1-314-647-3837last_img read more

The CME Daily Delivery Report showed that 1 lonely

first_img The CME Daily Delivery Report showed that 1 lonely gold contract and 31 silver contracts were posted for delivery within the Comex-approved depositories on Thursday.  There was nothing exciting to look at is as far as issuers and stoppers went, so I shan’t link the webpage today. The CME Preliminary Report for the Tuesday trading session showed that there are 14 gold and 113 silver contracts still open in the September contract—minus the contracts posted in the previous paragraph. Another day—and another withdrawal from GLD.  This time it was 38,465 troy ounces.  And as of 9:56 p.m. yesterday evening, there were no reported changes in SLV. Another day—and another decent sales report from the U.S. Mint.  They sold 2,800 troy ounces of gold eagles—500 one-ounce 24K gold buffaloes—345,000 silver eagles—and another 100 platinum eagles. Mint sales for September are substantially ahead of August sales already—and I have a story about that courtesy of Mark O’Byrne over at goldcore.com in the Critical Reads section further down. It was a pretty big day in both gold and silver over at the Comex-approved warehouses on Monday.  In gold, there was only 1,125 troy ounces reported received, but a chunky 164,093 troy ounces was shipped out.  Of that amount, 160,750 troy ounces came out of JPMorgan’s vault.  I’ve seen that number before, so I decided to divide it by 32.15 troy ounces—and came out with precisely 5,000 kilobars of gold.  The link to that activity is here. In silver there was a very chunky 1,204,226 troy ounces reported received—all into the CNT Depository—and only 1,000 ounces were shipped out.  The link to that action is here. I have a reasonable number of stories, but the most import one is the last one.  So if you have limited time, just read the headlines of the other stories as you work your way down to the last offering of the day.  Its title is today’s column headline. The main physical signal in silver to me continues to revolve around the turnover or movement of metal into and out from the COMEX-approved silver warehouses. On four days of the past week, turnover was well below year-to-date averages, but Wednesday’s very large turnover (3 million oz), brought the entire week’s turnover to an above average 4.8 million oz. Total COMEX silver inventories declined 1.1 million oz to 180.7 million oz. I continue to be focused on the physical turnover—and not what the total inventory might be. Interestingly, total COMEX silver inventories are up the same amount year to date as the average weekly movement. Stated differently, the increase in total COMEX silver inventories this year is equal to just 1 of the 36 average weekly movements this year. The less than 5 million oz increase in total inventories compares to the more than 160 million oz moved in and out for the past eight and a half months. I’m convinced the physical movement of 160 million oz of silver seems much more important than the increase of 5 million oz over the same time. – Silver analyst Ted Butler: 20 September 2014 I must admit that I wasn’t at all surprised by what I saw in the Kitco precious metal charts when I got out of bed late yesterday morning.  JPMorgan et al capped—and then beat the rallies down in the same old way as they’ve always done it. Here are the 6-month charts for both gold and silver with yesterday’s trading price/volume data added. The silver equities also jumped up at the open—and they followed a very similar path to the gold stocks, as Nick Laird’s Intraday Silver Sentiment Index closed up 2.26%. Yesterday’s volume wasn’t overly heavy in either metal, but it was more than enough to turn back the price spikes in morning trading in London. And as I write this paragraph, the London open is 15 minutes away—and there’s not much going on as far as the gold price is concerned.  Silver, after it’s usual down tick at the open, has now rallied back to unchanged.  Platinum has rallied more or less quietly during the Far East trading session—and is now up 11 bucks.  Palladium is also up at the moment—and its tiny rally attempt to the $820 spot mark, ran into the usual sellers of last resort. Gold volume is only 16,000 contracts net—and silver volume is pretty decent at 6,000 contracts.  The dollar index is chopping a few basis points around unchanged. Yesterday was the cut-off from this Friday’s Commitment of Traders Report.  Without doubt there was some deterioration in the Commercial net short positions of JPMorgan et al after yesterday’s price action, but the report should still be one for the record books when it gets posted on the CFTC’s website at 3:30 p.m. EDT. And as I hit the send button on today’s efforts, I note that the tiny rallies in all four precious metals appeared to end shortly after London trading began—and only palladium is up on the day but, it too, is obviously running into resistance.  Gold volume is just over 25,000 contracts, which is close to ‘normal’—whatever that means these days—and silver’s volume is 11,000 contracts, which is pretty heavy for such tiny price action.  The dollar index continues to chop around either side of unchanged. I highly suspect that we’ve seen the price bottom in all four precious metals.  Of course I’ve hinted at that before and look what has happened in the interim.  But there is a limit to how much shorting the technical funds/Managed Money traders are prepared to do, or can afford, once they’ve pitched all their long positions.  That is the limiting factor to the downside—and once that point is reached, the bottom is in. They went massively short during the engineered price declines both on Friday and early Monday morning in Far East trading—and I would guess that they’re pretty ‘full up’ on the short side. Now it’s only a matter, as I’ve also said on numerous occasions, as to how da boyz react when the Managed Money traders attempt to cover their short positions in all four precious metals—plus copper and crude oil.  That, and only that, will determine how high we go in price—and how fast we get there.  Before heading off to bed, here’s an offer from Casey Research that you should seriously consider.  The San Antonio conference entitled “Thriving in a Crisis Economy” is soon to become available in audio form—all 26 hours of it.  Also included is a bonus CD that shows all the charts and graphs of each speaker, including mine. For a limited time, Casey Research is offering you a special, discounted price of $295 for preordering your copy of the Casey Research 2014 Summit Audio Collection today. That’s a full $100 off the regular price of $395. You can find out all the details by clicking here, which I urge you to do, as it cost nothing to check it out. That’s all I have for today—and I’ll see you here tomorrow. Sponsor Advertisement The silver price spiked as well shortly after 9 a.m. in London—and the price got hammered flat just as it caught sight of the $18 spot price—and it was obvious that there was a “Do Not Pass $17.95 Spot” line in the sand after that, when you check the Kitco chart below. The low and highs were reported as $17.61 and $17.99 in the December contract. Silver finished the Tuesday trading session at $17.78 spot, up the magnificent sum of 5 cents the ounce.  Net volume was 44,500 contracts, with half of that coming before the Comex open, as da boyz were obviously at battle station in this metal as well. Palladium followed a similar pattern, although it managed to shake off the selling in the New York session—and actually rallied a bit until shortly after 11 a.m. in New York.  Then it traded ruler flat into the 5:15 p.m. close of electronic trading.  Palladium closed up 12 bucks but, like all the other precious metals yesterday, would have closed at an eye-watering price if da boyz had just put their collective hands in their pockets.  But, dear reader, that’s precisely why they’re there. The gold equities gapped up a bit over 2 percent at the open, sold off a bit into the 11 p.m. EDT London close—and then rallied until 3 p.m. before they got sold down a bit into the close.  The HUI finished up 2.02%. Brad Robertson sent along the 5-minute gold chart for the appropriate period—and you can see where all the volume occurred.  Note the big volume spike at the noon silver fix in London at 5:00 a.m. MDT on this chart.  That’s the moment that last big spike in the gold price occurred.  The sell-off began shortly after that.  Don’t forget to add two hours for EDT, as the time on this chart is MDT.  The ‘click to enlarge’ feature really helps here. JPMorgan et al capped—and then beat the rallies down After rallying a few dollar in early Far East trading on their Tuesday morning, the gold price didn’t do much until about 9:20 a.m. BST in London.  The two-step price rally got capped at, or just after, the noon London silver fix—and by the 8:20 a.m. Comex open in New York, almost all the gains had vanished.  The gold price traded flat from there into the 5:15 p.m. EDT close of electronic trading. The low and high ticks were reported by the CME Group as $1,214.70 and $1,237.00 in the December contract. Gold finished the Tuesday session at $1,222.90 spot, up $8.10 from Monday’s close, but would have obviously closed materially higher if allowed to do so.  Net volume was 140,000 contracts, with a big chunk of that used by JPMorgan et al to put out the rally fire in morning trading in London. Platinum’s rally began right at the 10 a.m. open in Zurich—and met the sellers of last resort around 9:20 a.m. London time.  Like gold, platinum also had a secondary rally that got capped shortly after the noon London silver fix—and it was all down hill from there.  Da boyz turned a big gain into a 3 dollar gain. The dollar index closed late on Monday afternoon in New York at 84.70—and didn’t do much until shortly after 2:30 p.m. Hong Kong time.  At that point it began to drift lower—and that decline really picked up steam starting at precisely 9 a.m. BST in London.  The low tick of 84.37 came minutes before 8:00 a.m. EDT.  From there it rallied back to 84.75 before trading more or less sideways into the close.  The index finished the trading day at 84.70—unchanged on the day. There certainly was correlation between the dollar index and the precious metal price at the first part of the index move, but it was obvious that JPMorgan et al had to work hard to make the precious metal prices fit the dollar index action.   And in my opinion, they were less than successful. Now that I’m back in Edmonton, I’ve got three more Canada geese photos for you—and they’re part of the same set that I posted a week ago.  An extremely high shutter speed and 6 frames a second catches all kinds of things that the human eye never sees.  Here are more examples of that.  In two of the three shots, the sun catches the light in such a way that some of the feather appear bluish in colour, which is certainly a result of refraction—and it’s particularly noticeable in the third photo.  Except for cropping for maximum visual impact, these photos came straight out of the camera untouched. Cypress Development Corp. is a Canadian gold, silver and base metals exploration company developing projects in Red Lake, Ontario, Canada, and in Nevada, U.S.A. Cypress holds a 100% interest in the approximately 1140 acre Gunman Zinc-Silver Project located in White Pine County, northeast of Eureka, Nevada. Three RC drill programs totaling approx. 38,000 feet have been completed by Cypress on the Gunman project with significant grades between 5% to 33% per ton zinc and 0.5 to 15.0 oz per ton silver over considerable widths encountered. Zinc could represent the next big base metal play due to ongoing demand growth and the closures of 3 major mines in Canada, Australia and Ireland and not enough supply coming on stream from new projects. Sentiment could shift towards zinc, with prices potentially rallying in anticipation of tightening supplies. Please visit our website for more information.last_img read more