May 10, 2013 footage of breached berm at the giant sinkhole in Assumption Parish, LA:
May 10, 2013 footage of breached berm at the giant sinkhole in Assumption Parish, LA:
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Line (1) was important for the Gold & Silver Miners (XAU index), as it went up four fold over a 10-year period.Now a parallel line to this rally looks to be coming into place at (3) in the above chart after a 40% decline in this index.
Support is support until broken and the miners are back at parallel support right now, creating a bullish wick at this [...]
London Gold Market Report
from Ben Traynor
Tuesday 12 March 2013, 08:15 EST
Gold Breaches $1590 after Weidmann Says “Eurozone Crisis Not Over”, Chinese Physical Demand “Supporting Gold Right Now”
AFTER trading sideways for several sessions, gold bullion jumped above $1590 an ounce for the first time this month Tuesday morning in London, in what analysts called a “technical” move after gold broke through a key level following remarks from Bundesbank president Jens Weidmann.
“We see support at [...]
Using only publicly available online information, a team of researchers from the Whitehead Institute showed that it is possible to discern the identities of people who have submitted personal genetic information to scientific studies, even when that information is supposedly stored anonymously. The findings were published in the journal Science.
“This is an important result that points out the potential for breaches of privacy in genomics studies,” says [...]
by Mike Shedlock, Global Economic Analysis:
At an increasing rate, even during the alleged recovery, consumers are tapping their 401Ks to pay current bills according to a study by advisory firm HelloWallet as describe in the Washington Post article401(k) breaches undermining retirement security for millions.
A report due out this week from the financial advisory firm HelloWallet found that more than one in four workers dip into retirement funds to pay their mortgages, [...]
by Phoenix Capital Research
We’ve now have just a little over 30 days until US breaches its debt ceiling.
We would have already done so, except Treasury Secretary Tim Geithner borrowed some $200 billion from emergency funds to buy a few weeks’ time (announcing that he’d be leaving his post before the actual ceiling was breached).
The “solutions” to the debt ceiling discussions range from outright insane ($1 trillion coins) to just staggeringly [...]
Saudi Arabia has accused Iran of straying onto its territory near oil and gas fields in the Gulf and warned it was looking at how to respond
“I have submitted to Secretary-General Ban Ki-moon a letter that details Iran’s breaches of the official conventions and treaties between it and Saudi Arabia,” Okaz quoted Mualimi as saying.
A Foreign [...]
In an inconceivable breach, an 82-year-old nun along with two other seniors somehow managed to evade what the U.S. government calls the “most stringent security in the world” to break into a nuclear weapons laboratory often referred to as the “Fort Knox of Uranium.”
So much for the feds protecting nuclear labs from a terrorist attack with topnotch—and costly—security systems; this staggering story comes from the Y-12 National Security Complex in Oak Ridge, [...]
he Mail on Sunday can today reveal devastating new claims of abuse by British soldiers carried out at a secret network of illegal prisons in the Iraqi desert.
One innocent civilian victim is said to have died after being assaulted aboard an RAF helicopter, while others were hooded, stripped and beaten at a camp set up at a remote phosphate mine deep in the desert.
The whereabouts of a separate group of [...]
The new Spanish PM, Mariano Rajoy, has announced that business cash transactions of over €2,500 are to be banned as an anti-fraud mechanism to increase tax income for the Government. Breaches of the rule will result in fines of 25% of the value of the payment. Sr Rajoy mentioned the reform in a Q&A session in Parliament, so more details will no doubt be forthcoming when the measure is formally [...]
Also UK government announces as part of its austerity measures drive for the masses, it shall increase taxation on fuel in August pushing it at least 3p per litre higher:
Petrol prices have hit another record, according to industry analysts Experian Catalist.
The average price of a litre of unleaded petrol hit 140.20 pence.
Higher oil prices, driven by concerns about Iran, have been behind the rising price of fuel. Crude oil [...]
Nicholas Kyprios, head of European credit sales at Credit Suisse, will be paid 50pc of his bonus by the bank after “serious” rule breaches but will retain his job.
The decision comes despite the FSA finding Mr Kyprios guilty of disclosing inside information through playing “charades” and “getting warmer” with a client.
Mr Kyrios was fined in relation to a bond sale dating back to 2009 in which he was found [...]
The US stock market has reached a major landmark in its journey back from lows hit during the financial crisis.
The Dow Jones industrial average closed above 13,000 for the first time since 19 May 2008, just four months before the collapse of Lehman Brothers.
Analysts say it reflects a growing confidence in the US economy and solid profit reports from US companies.
The Dow added 23 points, or 0.2%, on Tuesday [...]
D.C. Council Chairman Kwame Brown is cracking down on his colleagues using profanity when conducting the business of the council. The amendment to the council’s code of conduct is a response to last week’s verbal brawl between members David Catania and Marion Barry. Catania was quoted in The Washington Examiner saying “F you, Marion,” at a council retreat.
On Tuesday after Brown’s amendment passed, Catania said he was not defending his [...]
by Donny Shaw
In an incredible turn of events, six Republican Senators have asked Majority Leader Harry Reid not to hold a vote on PIPA, the Senate version of SOPA.
They write, “Prior to committee action, some members expressed substantive concerns about the bill, and there was a commitment to resolve them prior to floor consideration. That resolution has not yet occurred.”
And as an amazing validation of the grassroots response to SOPA, led by groups like Fight for [...]
(ZH) Presented with little comment, except to say reality is returning as credit markets are starting to price in some disappointment. Italy 5Y is underperforming as the basis trades we mentioned yesterday are unwound and Italy 10Y has broken back over 6% as their curve remains inverted. Spanish 10Y spreads are up over 35bps today and 50bps from yesterday’s tight print as Belgium and Italy follow suit. The swing in Spanish 10Y spreads, [...]
By Drew FitzGerald
Google Inc. GOOG +1.00% agreed to submit to third-party privacy audits for the next 20 years to settle allegations it misused users’ personal information.
The settlement with the Federal Trade Commission would resolve the agency’s complaint over Google Buzz, a social notification service the company built last year into Gmail. The feature allowed users to share photos, videos and updates with friends but attracted controversy when the automatically enabled service [...]
Manteo, N.C. — The Outer Banks are no stranger to a Category 1 hurricane like Irene, which hit Saturday with 85 mph winds and heavy rain.
But Irene’s eye tracked just west of the Pamlico, Croatan and Albermarle sounds, then crossed the Currituck Sound to go back out to sea.
That drew water from the sounds, as well the ocean, west. The water piled up in bays, [...]
Debt Deal Must Come by Mid-July to Avert Default, Officials Say
Just a few headlines:
Pa. universities board boosts tuition for 2011-12?
Nothing Works in June as Stocks, Bonds, Commodities Drop on Slowdown Signs
Fed’s Balance Sheet Expands To $2.869 Trillion In Latest Week?
Greece to Receive Up to $124 Billion in New EU, IMF Financing
Greece Fights Debt with $71 Billion Yard Sale
Pentagon costs rising fast, CBO warns
Debt Deal Must Come by Mid-July to Avert [...]
A hacker claims to have stolen names and passwords belonging to 120 users of Sony Europe‘s website and published them to the Internet.
It’s the latest in a series of attacks which have hammered the electronics multinational. Security researchers have counted about a dozen breaches since the beginning of this year, including two particularly serious ones which exposed 100 millions users’ personal details.
The latest attack was [...]
Sony faced fierce criticism on Wednesday following its disclosure that a hacker had stolen the personal data of more than 70m users of its PlayStation Network in one of the worst such online privacy breaches to date.
The Japanese group said it had lost real names, birth dates, e-mail addresses and Sony passwords in what it described as an “intrusion” nearly a week earlier. It had closed down [...]
From Gold Core
Gold Breaches Nominal High of $1,500/oz; Inflation Adjusted High of $2,400/oz Remains Long Term Target
Gold has breached the $1500 level and reached new record nominal highs at $1,505.65/oz. Since yesterday it has gradually risen in all currencies and is approaching record nominal highs in all major currencies. Gold has risen to EUR1,037/oz, GBP920/oz, AUD1,412/oz, CHF1,344/oz and JPY124,640/oz, and is now not far from [...]