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LeBrons Growth As A Player Shows In His Leadership

Put LeBron James on a team with Kyrie Irving, one of the game’s top young point guards, and throw in Kevin Love, a 6-foot-9 scorer from the perimeter and in the post, and the Cleveland Cavaliers looked to be on their way.Then the NBA season started. The Cavs were smoked in their season-opener and dismantled Tuesday night in Portland. This is where James showed his most significant growth. He did not show panic or even frustration. He talked of remaining a team, of leading by example, of being patient, of teaching.Now he is getting it. LeBron James understands the magnitude of his presence.“There’s a lot of bad habits; a lot of bad habits have been built up over the last couple of years and when you play that style of basketball it takes a lot to get it up out of you,” James said. “But I’m here to help and that’s what it’s about.”Some of the best leaders in NBA history got it done on the court, confronted teammates when necessary and sent poignant messages through the media. James, in his post-defeat interview, showed he has learned how to send a message to the team without directly speaking to anyone.“Everyone wants to win, I would hope,” James said. “Would you rather play selfish basketball and lose, or play unselfish basketball and sacrifice and win? So you pick it.”He was speaking to his new teammates. But were they listening?The consensus best player on the planet has become adept at the mind games. He low balls expectations so progress can be viewed as special. Cunning.“Hopefully not too long, but it could go on for a couple months until we’re all on the same page,” he said. Inside he must have been smiling. Taking two months to flow could be tantamount to trouble. . . and inciting a doubting public.“We know exactly where we need to be both offensively and defensively and we buy in on what it takes to win,” James said. “I think a lot of people get it misconstrued on what it takes to win [by thinking] just scoring or just going out and trying to will it yourself. This is a team game and you have to rely on your teammates as well. So we will get an understanding of that as the time goes on.”Clearly, James, motivational speaker, has the ear of his teammates. And until things turn around, he will continue to deliver it. read more

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Disaster Management aiming for standard

first_imgFacebook Twitter Google+LinkedInPinterestWhatsApp TCI: Hard-working DDME lauded as Hurricane Preparedness Month officially opened Facebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, 16 Sept 2015 – The Turks and Caicos Islands Government, through the Department of Disaster Management and Emergencies (DDME), has applied for Accreditation of its Emergency Management System through the Emergency Management Accreditation Program also known as (EMAP). The assessment program commenced on September 14 and will be completed on September 18th.EMAP is an independent non-profit organization that aims to efficiently and effectively strengthen disaster preparedness measures and response capabilities. Upon successful completion, an accredited Emergency Management Program should have the following elements: prevention, preparedness, mitigation, response and recovery.It is the expectation of the DDME that conducting this assessment and seeking to adhere to EMAP Standards will further strengthen the institutional and operational capacity of the department and TCIG. With this expectation, the DDME aims to be the second territory outside of the United States and Canada to be granted international accreditation for its Disaster Management Programme. Related Items:DDME, Disaster Management Programme, EMAP Turks and Caicos is first to add Disaster Management to the Tourism portfolio Recommended for you TCI: More active Hurricane Season predicted and DDME gives thorough update on its readinesslast_img read more

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Lemon Grove Goodwill briefly evacuated after practice grenade scare

first_img Posted: October 13, 2018 LEMON GROVE (KUSI) – The Lemon Grove Goodwill store had to be evacuated Saturday after authorities received a report of a grenade being found.Dispatchers were told around 10:30 a.m. that someone found a possibly- functional grenade at the Goodwill on Broadway near Lemon Grove Avenue, according to the San Diego County Sheriff’s Department.The Bomb and Arson Unit went to the store to investigate.A sheriff’s department spokesman said he couldn’t confirm if the grenade was determined to be live or not, but said investigators had cleared the scene and the store was safe to enter.The item was a non-explosive practice grenade, according to San Diego County Sheriff’s Department. KUSI Newsroom, October 13, 2018 Lemon Grove Goodwill briefly evacuated after practice grenade scare KUSI Newsroom Categories: Local San Diego News FacebookTwitterlast_img read more

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In 2011 InterCitic Minerals Inc TSXICI OTCQX

first_imgIn 2011 Inter-Citic Minerals Inc. (TSX:ICI / OTCQX:ICMTF) has a CDN$6.3 million exploration program underway to include up to 25,000 meters of drilling and 10,000 meters of trenching. Inter-Citic’s 2011 exploration program is geared towards further resource growth on new areas of the property.With up to seven drills deployed, exploration in 2011 will continue in the Acadia, XP, and NR-1 Zones, as well as new work off the eastern end of the current Dachang Main Zone, where a gap between known mineralization extends for approximately 4 km under thicker overburden. On the far side of the gap soil geochemistry has shown a significant number of large gold soil anomalies in the South East Area Zone, which the Company believes is likely the continuation of the Dachang Main Zone mineralization not visible under the gap’s heavier soil cover.For the first time Inter-Citic will also be systematically drilling under the current resource area of the Dachang Main Zone (“DMZ”), which has only been drilled to a vertical depth of approximately 150 m from the surface. The Company will be testing the mineralized fault structure of the DMZ at depths of between 500 m and 750 m. For more information, please visit the website. At these prices there are very few legitimate short sellers to be found in the precious metal marketsNot a lot happened in the gold market yesterday.  It was quiet throughout all of the Far East trading day…and a smallish rally began just before 9:00 a.m. in London.  That lasted until the London a.m. gold fix at 10:30 a.m. GMT…and then the gold price went into a quiet decline right up until a few minutes before 11:00 a.m. in New York.Then, in the space of about fifteen minutes, the gold price popped about ten bucks…and proceeded to trade sideways for the rest of the Comex trading session and the electronic session that followed.Gold closed at $1,684.30 spot…up $9.70 on the day.  Gross volume was 187,610 contracts, but once all the roll-overs and spreads were netted out, net volume came in around 127,000 contracts…give or take.It was virtually an identical chart pattern in silver…and at first glance the gold and silver charts look the same.  Silver closed at $33.43 spot…up 48 cents on the day.  Net volume was reasonably high at 38,000 contracts…but most would be of the useless HFT variety.The dollar index didn’t do much either…trading within a 15 basis point range of 79.75.The standout feature on the HUI was that ten dollar price move in gold that began shortly before 11:00 a.m. Eastern time…as it certainly put a bid under the shares.  But after that, nothing much happened…and the HUI finished virtually flat…up 0.09% on the day.Despite the fact that silver had a decent day yesterday, the associated equities only outperformed their gold cousins by a small amount.  Nick Laird’s Silver Sentiment Index closed up 0.33% on the day.(Click on image to enlarge)The CME’s Daily Delivery Report was even less exciting on Wednesday than it was on Tuesday, as only 8 gold and zero silver contracts were posted for delivery on Friday.  According to the CME’s Daily Volume Report, there are only about 40 gold contracts left to deliver in March…along with about 475 silver contracts.  There’s no guarantee that all these contracts holder will take delivery, as they still have a way to get out of taking physical delivery, even though they stood for delivery on February 29th.  So the rest of March could be pretty quiet on the delivery front.As I’ve said in the space several times over the years, no physical metal ever leaves the Comex-approved depositories on these CME deliveries…it just changes racks [and owners] in the warehouse.  Sometimes they don’t even change racks, as both Kyle Bass and Eric Sprott have said that quite a few of the bars they saw had little “Post-It” notes on them saying who the new owners are.  How’s that for high tech?There were no reported changes in either GLD or SLV yesterday, putting icing on the cake that the 5-day smack-down in the precious metals that started on February 29th, was all a Comex paper affair.The U.S. Mint had another tiny sales report.  They sold 6,500 ounces of gold eagles…and that was the extent of it.Over at the Comex-approved depositories they did not report receiving a single ounce of silver on Tuesday.  But they shipped out an eye-watering 3,172,266 troy ounces of the stuff…and 99% of that came out of Brink’s, Inc.  Here’s the link to the action.It’s this silver that comes and goes from the Comex-approved depositories that you should be watching…as this is the physical metal itself that’s on the move.  One has to wonder where this 3.17 million ounces of silver is going to end up…but it’s obvious that its new [or existing] owner had a more urgent need for it elsewhere, or why go to the trouble [and expense] of moving it?  Those ounces add up to just under five semi tractor-trailers full…and, depending on how those trucks have to be loaded, there could have been more than five.Silver analyst Ted Butler had his mid-week comments for his paying subscribers yesterday…and here are two free paragraphs…“Here’s a head’s up and preview of tomorrow’s COT report. It promises to be significant because all of the high volume and vicious sell-off at this point occurred precisely within the reporting week. This is somewhat rare, as there is usually an overlap in big price moves over several reporting weeks. I don’t remember such a sharp move in the past being so clearly confined in one reporting week. The collusive commercial crooks smacked the price of gold and silver starting last Wednesday (the first day of the reporting week) and kept the pressure on through yesterday’s cut-off. I can’t say that the deliberate price smash is over for sure, but it might be.”“What I can say is that we should get big reductions in the speculative net long and commercial net short position in both gold (by tens of thousands of contracts) and silver (by many thousands of contracts). At least, that is my expectation. The real question will be how much the raptors bought in each market versus the big 4 and 8. I would think that JPMorgan should have been able to reduce its concentrated short position in silver down from 24,000 contracts, but by how much depends upon how much buying competition came from the raptors. At the very least, it should be an interesting COT report.”Here’s a zerohedge.com chart that Washington state reader S.A. sent my way yesterday.  It shows the total OTC derivatives as of the end of June 2011.  As you can see, they total a bit over $700 TRILLION.  Soon the word ‘quadrillion‘ will be dusted off for the first time…and it wasn’t that very long ago that the trillion number first came on the scene…and as far as OTC derivatives are concerned, that number will soon pass into the history books.(Click on image to enlarge)It was a reasonably quiet news day yesterday…and I’ve managed to edit the list down to what I believe is a manageable number.Democracy, as practiced by the US and other developed countries, is a fraud. It is just a way for the insiders to scam money and power from the outsiders, by pretending that the voters are in charge…American democracy, circa 2012, has no more in common with real democracy than American capitalism has in common with real capitalism. Both are degenerate…corrupt…and geriatric. – Bill BonnerI wouldn’t read a whole lot into yesterday’s price action…as there are only two things that matter from this point going forward…the first being, are JPMorgan et al done to the downside and…number two, on the next rally, will JPMorgan et al be the short sellers of last resort again…as they’ve always been.One thing you must understand, dear reader, is that at these prices there are very few legitimate short sellers to be found in the precious metal markets…and in the Comex futures market there has to be a short for every long placed…and vice versa.  So, as the tech funds and small traders start to lay on their long positions, causing prices to rise…if ‘da boyz’ weren’t there ready, willing and able to take the short side of every one of their long trades…the legitimate buyers would have to bid the price to nose-bleed levels in order to attract any sort of legitimate short seller…and there just aren’t many at this price level.And what price level that might end up being, is precisely what the U.S. banking system and the U.S. government don’t want tested.  That’s why the bullion banks and their allies are doing what they’re doing…and is precisely the reason that the CME and CFTC will do nothing, as they know exactly what’s going on.  They are complicit.This is a controlled price retreat…and we’ll soon find out how controlled it is when the next serious rally commences.Gold didn’t do a lot in Far East trading during their Thursday…and was up about six bucks going into the London open.  Not much happened in silver either until precisely 3:00 p.m. Hong Kong time, an hour before the 8:00 a.m. London open, when the price popped about 20 cents…and minutes before the London open, silver is up about two bits. Volume numbers aren’t available because of problems on the CME’s website.It’s been a while since I wrote the above paragraph…and London has now been open for more than two hours.  Gold broke through the $1,700 spot price…and silver, which sailed through $34 without even breaking a sweat, has been beaten back below that number as of 5:15 p.m. Eastern time.  At the moment, gold is now up $17…and silver is up about 55 cents.I’m sure that part of this rally has to do with the fact that the dollar index did a face plant about 8:45 a.m. in London…and is down 31 basis points as I hit the ‘send’ button.  How much of this rally is new buyers…and how much is short covering…is impossible to tell. I haven’t the foggiest idea of how the precious metals will trade in New York today…but after the above start to the London trading day, nothing will surprise me.That’s allI have for today…and I’ll see you here tomorrow. Sponsor Advertisementlast_img read more

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In This Issue…   Disappointing data   Housing

first_imgIn This Issue… *  Disappointing data *  Housing remains a bright spot *  What to expect today *  IMF on New Zealand And, Now, Today’s Pfennig For Your Thoughts! Finally, I wasn’t seeing all red… Good day…and welcome to Thursday morning. My wires must have been crossed up when I said Chuck was set to return today because it wasn’t long after the Pfennig hit the servers yesterday that he responded back to me with a reminder that Friday actually marks his return. So, I guess I was a day ahead of myself. With that said, it’s going to be short and sweet today as we had another case of déjà vu. The dollar maintained control once again, but did loosen its grip as the day progressed. We’re heavy on economic data to discuss and light on currency news, so let’s hit it. All in all, it was a disappointing day as just about every report came in worse than expected. Starting with mortgage apps, this figure fell for the first time in six weeks to -7.3% as the average 30 year fixed ticked up to 3.67%. Next, we saw manufacturing in the New York area fall to -1.43 after it was expected to come in at 4. The moderation of Chinese growth and the ever present European recession coupled with a restrained appetite within the US has been a thorn in the side of manufacturing for a couple months now. I usually like to peek at the individual components, so let’s take a look. The gauge measuring the outlook going out six months declined as did the factory employment numbers. The measure of new orders fell to a negative number and shipments fell to zero. We know these regional reports can see big short term swings, but it certainly doesn’t support those shouting the economy is fine and we don’t need continued stimulus. As far as I’m concerned, the industrial production and manufacturing production reports batted in the cleanup spot. With that said, total industrial production hit an eight month low by falling 0.5% in April following the previous month’s downward revision to 0.3%. Specifically looking at manufacturing, we saw the third decline in four months as it came in at -.4% and this represents the first back to back decline since June 2009. These reports displayed weakness in business equipment, consumer goods, and construction materials so there is really no way to spin either report. I did see, however, some economists looking past those reports since inventory building has been flat and attributing the soft numbers accordingly. I say let’s deal with the current scenario before looking beyond. In a related report, capacity utilization, which measures the amount of plant in use, fell to 77.8% from 78.3%. The government inflation reports continue telling us there is no inflation as wholesale prices, via the producer price index, dropped the most in three years. The lower fuel costs in April accounts for the headline figure of -0.7% and was lower than the previous reading of -0.6%. If we look at the core number, which strips out food and energy, it increased 0.1% but was still lower than what we saw in March. Obviously the slower growth, as evidenced by the output numbers, is another reason for subdued input costs. One of the Fed members, Charles Plosser, said that recent price indicators don’t yet require a response. He went on the say should inflation expectations begin to fall, we might need to take action to defend our inflation goal, but at this point, I don’t see inflation or deflation as a serious threat in the near term. I understand that he’s not supporting one action or the other, but I just wish these guys would somewhat be on the same page with each other. It’s great to have your opinions on how things should be, but the markets actually trade according to what they say so I think there is a bigger responsibility involved. Plosser’s comments had no market impact yesterday, so I’m just saying in general. The final reports were somewhat overshadowed, but the tic flows really disappointed as international demand for US stocks, bonds, and other financial assets fell for a second month as risk aversion continued to wane. In fact, the net long term flows yielded the worst result since May 2009 but once again, this report doesn’t hold the importance that it once did. The only positive report came in the way of increased confidence among US homebuilders. The head of the NAHB said that builders are noting an increased sense of urgency among potential buyers. As a result, the index rose for the first time in five months. As I mentioned, it’s going to be another full day for economic reports today as we get the final installment of April inflation. This time it’s the CPI, or consumer side of inflation, so if the other two are any indication, this is a foregone conclusion. I don’t put much stock in the way figures are currently calculated as they seem to have no correlation to the real world. I feel there are just too many incentives for the gov’t to understate these inflation reports. Anyway, let’s move on. Since its Thursday, we get the usual suspects of weekly jobless and continuing claims, so look for the markets to trade on these numbers. Another market moving report will be the April housing starts and building permit numbers. The housing related numbers have been about the only area showing improvement, so I’ll be interested to see how these fare. We also get the Philly Fed index and if the NY report was any indication, this report could disappoint as well. Lastly, we’ll see some second tier consumer confidence numbers, so with the stock market hitting a new high every day, I would tend to think they will have positive results. Tomorrow will only bring us the U of Michigan consumer confidence report and April’s leading indicators. See what I mean. It was a data rich environment. Switching gears to currencies, the dollar ended the day marginally stronger as we had a handful claw their way into positive territory. The big winner was the New Zealand dollar as it appreciated nearly 0.5%. We didn’t see any market moving data abroad that would have turned the tide, so I think most of the move came from sentiment that things moved too quickly as well as the weaker US economic data. I’ll tell you what hasn’t taken a breather, and that’s metals. The metals market took yet another uppercut to the chin as gold was down $32 and silver fell 79 cents as I was packing up my laptop last night. In getting back to currencies, we did see the IMF comment about the New Zealand rate environment as they said the central bank may need to raise the benchmark interest rate from a record low if rising house prices and household borrowing fan inflation. If the housing market does continue rising, I would have to think any rate hike would be an absolute last resort since the central bank has already taken action to halt the kiwi’s rise. The Swiss franc and Japanese yen rounded out the top three and neither currency had anything newsworthy so it was just a matter of moving too far without a break. We did see Moody’s come out and say they feel the rand is overvalued amid concern that labor unrest is threatening the credit rating. Even the worst performing currencies were within a fraction of a percent to posting gains. I think the market got ahead of itself and complacency set in a bit, so the weaker US data yesterday served as a reminder that the $85 billion a month QE effort by the Fed may not taper as soon as some were broadcasting. As I came in this morning, it’s somewhat of a mixed bag. The dollar has definitely regained some lost ground, and then some, compared to yesterday but the rand, kiwi, and Aussie have lost at least 1% so far today. Metals are once again getting taken to the woodshed so the commodity currencies are taking the brunt of the storm right now. We also saw inflation in the eurozone fall to a 3 year low, so that coupled with the slower than expected growth numbers would look to keep the door open for the ECB to pursue more easing options. I just took a glance at the month to date currency returns, and it’s not pretty. As expected, the commodity currencies are in the cellar so I would expect to see them remain on shaky ground until commodity prices find some type of bottom. Then there was this…According to the Washington Post, President Obama forced acting IRS Commission Steven Miller to resign in response to the agency’s practice of singling out for special scrutiny conservative organizations’ applications for US tax exemptions. Obama called the IRS actions as inexcusable and promised to do everything in his power to make sure nothing like this ever happens again. To recap…The dollar had finally loosened its grip on the currency market as weaker US data was the focus of the day. The NY area manufacturing report yielded a negative number and some of its individual components didn’t paint a pretty picture. Total industrial production as well as manufacturing in April gave us more bad news as did capacity utilization. Wholesale inflation continued to fall and foreign investment in US securities took a tumble. The only bright spot was a homebuilder confidence report. It’s going to be another busy day as CPI, weekly jobs numbers, and more housing data would look to move the market today. Otherwise, not much to speak of in the currency market but we did see a handful of currencies finish the day in positive territory. If you take a look this morning, the commodity currencies are getting crushed. Currencies today 5/16/13. American Style: A$ $.9805, kiwi .8143, C$ .9810, euro 1.2864, sterling 1.5209, Swiss $1.0334, . European Style: rand 9.3822, krone 5.8687, SEK 6.6836, forint 226.36, zloty 3.2577, koruna 20.1961, RUB 31.5155, yen 102.60, sing 1.2530, HKD 7.7632, INR 54.8575, China 6.2096, pesos 12.2488, BRL 2.0229, Dollar Index 83.93, Oil $93.34, 10-year 1.94%, Silver $22.23, and Gold. $1,373.00 That’s it for today…Sorry for the false alarm yesterday, but I did confirm with Chuck that he’s going to be in the office tomorrow and will be writing the Pfennig. I feel like I’m forgetting to do something, but I just can’t place it, so I guess it wasn’t that important. Oh yeah, I just remembered. It was to check and see if I won Powerball last night. No such luck, so there’s no leaving the office early for me today. Well, it’s about that time, so I’ll let you get after it today. Until next time…Have a Great Day! Mike Meyer Assistant Vice President EverBank World Markets 1-800-926-4922 1-314-647-3837last_img read more

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