Tag: 苏州桑拿

LET IT BE

LET IT BE

first_imgIf Eye was made to seeLet it beIf Nose was made to smileLet it beIf Tongue was made to tasteLet it beIf Skin was made to feelLet it beIf Ear was made to hearLet it beLet everything be as it was to be If I was born to leadLet it beIf you were born to leadLet it beIf He was born to leadLet it beIf she was born to leadLet it beIf it was born to lead let it beIf we were born to lead Let it beIf they were born to leadLet it beLet everybody be as he was to beIf I was born to serveLet it beIf you were born to serveLet it beIf He was born to serveLet it beIf she was born to serveLet it beIf it was born to serveLet it beIf we were born to ServeLet it beIf they were born to serveLet it beLet everyone be as he was to beAnd let all be as they were to beShare this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

Three Mavericks Who Won

Three Mavericks Who Won

first_imgThe loner, not the consensus, is sometimes the one whose views get traction in science. Here are three historical examples.The following stories have something in common: they are about people who worked alone on ideas that ran counter to their societies’ beliefs.  This is not to say that they were completely right on every idea they promoted.  They were at least visionaries who thought outside the box and opened up others to new avenues of inquiry that proved fruitful.Ada LovelaceThe first is a fascinating woman, Ada Lovelace (1815-1852). This daughter of English poet Lord Byron circulated in fashionable circles and married well, becoming the Countess of Lovelace in 1838.  She had studied under Mary Somerville, becoming proficient in mathematics. She also corresponded with leading scientists, including David Brewster and Michael Faraday. She is best known for her association with Charles Babbage, inventor of the first general-purpose computer, the Analytical Engine. She is sometimes credited with writing the first “computer program” by writing down, in 1842, a series of steps by which the machine could calculate a series of Bernoulli numbers. Lovelace greatly encouraged Babbage with her ideas about the promise of such a device. It would be nearly a century before her sweeping vision of the capabilities of general-purpose computing—a vision we all take for granted—would take root.  She died of cancer at age 36.The BBC News did a story on Ada Lovelace on the occasion of the first-time reading of some of her letters on BBC radio.  “So is Ada Lovelace our first tech visionary? Or, as some critics now claim, was her contribution to computer science vastly overrated?” There are indications she was “a passionate, ambitious and flawed individual,” an ambitious socialite and flighty woman with some bouts of mania. Some of those flaws may have been ironed out at the end of her life, when reportedly “she had a religious transformation and was coaxed into repenting of her previous conduct” (Wikipedia). The BBC agrees with our focus here, though, that Ada Lovelace belongs among those “who imagine how the next generation of technology might change the world.” She and Babbage did not live to see it come, but one can imagine their delight and astonishment could they witness today’s Information Age.Gregor Mendel, 1822 – 1884Gregor MendelThere has been some controversy about the Father of Genetics, Gregor Mendel (1822-1844), whose pivotal work on garden peas was not widely recognized in his lifetime but was “rediscovered” by geneticists early in the 20th century. The “Mendel-Fisher Controversy” arose in 1936 (70 years after Mendel’s paper on inheritance) when theoretical geneticist Ronald Fisher deduced that Mendel’s data were “too good to be true” statistically. This led some critics to call him the “father of scientific misconduct” on suspicions that he must have faked his data. Gregory Radick (U of Leeds historian of science) says in Science Magazine, “The suspicions have turned out to be groundless.”Radick does question whether Mendel’s peas could have been so neatly pigeonholed into binary categories (wrinkled vs smooth, green vs yellow) and considers it plausible that some underlying bias operated to confirm his theory, with perhaps the “help” of a well-meaning assistant.  For our purposes, the fact remains that Mendel was a maverick in his monastery (an unlikely laboratory), working alone on a concept at odds with his contemporaries, but whose ideas later became mainstream.  Like Ada Lovelace, Mendel did not live to see his ideas widely accepted.  The fact that principles of inheritance are more nuanced these days than deterministic Mendelism would suggest does not change the fact that Mendel thought outside the box and forged a fruitful new path for generations of geneticists.Alfred WegenerLike Lovelace and Mendel, the father of continental drift theory, Alfred Wegener (1880-1930) was a maverick whose ideas only became mainstream after his death. On the occasion of the 100th anniversary of his magnum opus, The Origin of Continents and Oceans (1915), Ted Nield celebrates a new biography of the man and his theory in Nature.  In a shorter piece in Nature, Romano and Cifelli describe the resistance of the scientific community to his original thinking:His theory of continental drift was initially viewed as heresy by the scientific community, yet his book was later translated into many languages and updated regularly until 1929…. After his death, his ideas were largely forgotten until the 1960s, when geophysicists demonstrated the phenomenon of sea-floor spreading (see N. Oreskes Nature 501, 27–29; 2013). Plate tectonics has since gained acceptance as a synthetic theory with huge explanatory power.Continental drift theory today has run aground with anomalies and epicycles; our purpose here is not to enter that debate. What matters is that Wegener worked largely alone, forging a path that the consensus followed only after decades of scorn and neglect.  Wegener’s body was not recovered from an accident when he was exploring Greenland. “He would have been glad to know,” Romano and Cifelli quip, “that it will have travelled some 20 kilometres in a million years’ time — in accordance with his visionary theory.”Skeptics of that ending joke might wish to consult with creation geologists who deny that continental drift is linear, slow, and gradual.  They have presented new theories about rapid continental drift during the Flood that not only fit the evidence better but make predictions.  Still, all agree these days that continents are not static, as was largely assumed before the 1960s.These accounts illustrate an important thing about the nature of science. Consensus really means little. Picture the consensus in the days of Lovelace, Mendel and Wegener: all confident, all agreeing with one another, all ridiculing those outside. They were wrong. Science is not consensus, and consensus is not science. The loner can be correct, and even when he or she is only partly correct, a maverick can at least open up new fruitful trails of inquiry.What’s our take-home lesson?  The consensus today can be just as wrong.  Whether it’s about junk DNA, global warming or evolution, a consensus carries no necessary validity, even when globally strong.  A consensus might be right, but science’s best theories are only tentative.  Don’t let the powerful Darwin lobby strut its numbers.  What matters is who’s got the best evidence.  One maverick in town can drive out a lot of corruption. (Visited 58 times, 1 visits today)FacebookTwitterPinterestSave分享0last_img read more

PCCL launches national competition for collegiate basketball

PCCL launches national competition for collegiate basketball

first_imgDon’t miss out on the latest news and information. View comments For the complete collegiate sports coverage including scores, schedules and stories, visit Inquirer Varsity. LIST: Class, gov’t work suspensions during 30th SEA Games LATEST STORIES Sparkling Liverpool back in Champions League Trending Articles PLAY LIST 00:50Trending Articles02:11Trump awards medals to Jon Voight, Alison Krauss05:25PH boxing team determined to deliver gold medals for PH01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games Incentive prizes are awarded to teams that qualify to play in the regional championships, and to teams that advance to compete in the National Championship games usually held in Manila. The team that wins the national title is engraved in the M. V. Pangilinan Perpetual Bronze Sculpture, “Abutin ang Tagumpay”, symbol of collegiate basketball supremacy, and the school keeps the sculpture until the next national champion emerges. The following teams are listed in the perpetual bronze sculpture: Far Eastern University, San Beda College, De La Salle University, University of Santo Tomas, San Sebastian College, Ateneo de Manila University and University of the East.This 2017, PCCL is expanding collegiate basketball competitions to include 3 on 3 basketball in addition to the regular National Collegiate (5-man team) championship. This initiative supports the Samahang Basketbol ng Pilipinas (SBP) program to promote and develop 3 on 3 basketball, the newly included game in the Olympics starting 2020.The 3 on 3 national championships will have five regional competitions involving a total of fifty (50) collegiate teams. The five regions are North/Central Luzon, South Luzon/Bicol, Visayas, Mindanao and National Capital Region. The regional champions shall advance to the Grand Finals and compete for the title of 3 on 3 national collegiate champion.Philippine Collegiate Champions League is a non-profit corporate entity and revenues PCCL realize from sponsorships are utilized to cover operational expenses involved in organizing and managing the nationwide tournaments. PCCL also assists deserving school teams by providing prizes in terms of transportation and accommodation subsidies, sports equipment and gift certificates for players and coaches. ADVTADVERTISEMENT Catriona Gray spends Thanksgiving by preparing meals for people with illnesses MOST READ Read Next SEA Games in Calabarzon safe, secure – Solcom chief LOOK: Venues for 2019 SEA Games The Philippine Collegiate Champions League (PCCL) organized the National Collegiate Championship, a nationwide multi-level collegiate basketball competition that recognizes regional champions and the overall national champion that emerge during the games.ADVERTISEMENT UPLB exempted from SEA Games class suspension Brace for potentially devastating typhoon approaching PH – NDRRMC SEA Games: PH’s Alisson Perticheto tops ice skating short program The National Collegiate Championship answers the need for more competitive exposure extending beyond local mother league competitions.The aim of PCCL is to broaden the sports program of schools, particularly collegiate basketball, by providing more competitive activities that would benefit student-player development.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutoutFrom the initial six leagues, there are now 35 leagues sending their best team to participate in the PCCL games. PCCL was able to expand its coverage by continuously touching base with active leagues all over the country and assisting them in improving the basketball programs of their respective member schools. WATCH: Streetboys show off slick dance moves in Vhong Navarro’s weddinglast_img read more

Kent Salado tears MCL, out for remainder of Aspirants’ Cup

Kent Salado tears MCL, out for remainder of Aspirants’ Cup

first_imgSlow and steady hope for near-extinct Bangladesh tortoises Cousins’ 44 points, 24 rebounds, 10 assists lift Pelicans over Bulls Typhoon Kammuri accelerates, gains strength en route to PH Philippines marks anniversary of massacre with calls for justice PLAY LIST 01:44Philippines marks anniversary of massacre with calls for justice00:50Trending Articles00:50Trending Articles01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:19Fire erupts in Barangay Tatalon in Quezon City Don’t miss out on the latest news and information. John Lloyd Cruz a dashing guest at Vhong Navarro’s wedding NEXT BLOCK ASIA 2.0 introduces GURUS AWARDS to recognize and reward industry influencers For the complete collegiate sports coverage including scores, schedules and stories, visit Inquirer Varsity. 2 ‘newbie’ drug pushers fall in Lucena sting MOST READ Kammuri turning to super typhoon less likely but possible — Pagasa Globe Business launches leading cloud-enabled and hardware-agnostic conferencing platform in PH Read Next Brace for potentially devastating typhoon approaching PH – NDRRMC PBA IMAGESAfter playing just one game, Kent Salado will miss the remainder of the 2018 PBA D-League Aspirants’ Cup as he re-injured his MCL on his right knee.Officials from Go for Gold confirmed the news on Tuesday as the 22-year-old will leave a huge hole in the Scratchers’ campaign this first conference of the developmental league.ADVERTISEMENT The Cagayan de Oro native suffered a partial MCL tear on the same knee late in the Chiefs’ campaign last NCAA Season 93.Salado, though, is hopeful that he’ll be ready for Arellano’s campaign this upcoming NCAA Season 94.“I will rest and heal up because I want to play in the NCAA,” said Salado, who averaged 19.1 points, 5.0 assists, 3.8 rebounds, and 1.3 steals for Arellano this past NCAA Season 93.ADVERTISEMENT The speedy playmaker went for a layup at the 2:48 mark of the third quarter but could not get the proper lift as he fell hard to the ground and struggled to get up.“(Salado) said that he heard something pop. We’re very worried,” relayed Scratchers coach Charles Tiu after Go for Gold scored the 75-68 victory over Gamboa Coffee Mix-St. Clare on Monday at Pasig City Sports Center.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSLillard, Anthony lead Blazers over ThunderSPORTSMalditas save PH from shutoutHis injury leaves the bulk of the heavy lifting to J-Jay Alejandro, Matt Salem, and ex-pro Jerwin Gaco.Salado finished with nine markers, five boards, four assists, and three steals in his only game for Go for Gold. LATEST STORIES View commentslast_img read more

2005 ASICS NTL- SENIORS DAY THREE SUMMARY

2005 ASICS NTL- SENIORS DAY THREE SUMMARY

first_imgWell, day three at the 2005 Asics Seniors NTL has been long but good. We kicked off at 7:30am Friday morning and didn’t finish games until 10:00pm Friday night. After Thursday’s storm action, we had drizzle all day, had to move games from the main arena to preserve the muddy surface and give it time to dry out before finals and got to watch a beautiful sunset as the lights came on and we had some great night Touch. The day was action packed, with special mention going to retiring Australian Touch CEO Bill Ker (or Sonny Bill Ker as he’s now known). Bill pulled on the boots and slipped into the ACT uniform to help out a side hit hard by injuries. It was his first appearance playing at the NTL, having always been involved as an administrator. What a way to go out Sonny Bill! (Pictured here.) Summary of day three: MENS 30’s: After the final round of competition in the Mens 30’s, the Mets and Sharks finished on top of the ladder, with no losses but a draw against each other. With the Scorpions no more than one or two touchdowns behind those two sides, the finals are sure to be hot. In Saturday’s semis the Mets will face the Scorpions and the Sharks will meet the Mets, guaranteeing a certain NSW v Qld style grand final. The Cyclones are the only side yet to win a match in the Mens 30’s and will be looking to topple the Crusaders in their 8th-9th play off and finish with a match against the Warriors for 7th place. MENS 35’s: In the Mens 35’s the Sydney Scorpions and Mets are looking very tough to go past, although the Sharks and the Cyclones round up the top four and are lurking as the outside chances. The Sharks have been slightly inconsistent though, their 3-2 win over the Mets followed by a 7-6 loss to the Hornets. Other quality matches on day three of the Mens 35’s included the Rustlers 4-3 win over the Warriors and the Mets 4-2 win over the Cyclones. MENS 40’s: The Mens 40’s had a massive day of competition, not finishing until 10pm due to the cancellation of their matches the previous day. It looks like it will be an action packed competition, as the Scorpions, Sharks and Suns are all tightly packed at the top of the ladder and the Northern Eagles not far behind. The Northern Eagles are defending Champions, so they can be expected to put in a solid performance come semi finals times. The Scorpions will face the Eagles and the Sharks will play the Suns. MENS 45’s: The Cobras have been the outstanding side of the Mens 45’s, only allowing 7 touchdowns to be scored against them, with three of those being from their match against the ACT (led by the mighty Sonny Bill Ker, ATA retiring CEO who stepped in to make a final appearance for the last few matches, as the ACT side has been decimated by injuries.) The Mets, Scorpions and Eagles look like they could be the only sides who will challenge the defense of the Cobras, who are still looking as fresh as they did on day one amazingly. The Cobras will face the Eagles and the Mets will face the Scorpions in the Mens 45’s semi finals. MENS 50’s: The Mens 50’s were among the last to leave Coffs Stadium Friday night, with their matches finishing after 9pm. It was certainly a tough night for the Mens 50’s, with the weather and wind being cold, although the atmosphere under lights is always something special. Being the end of a very long day and quite late at night, amny of their final round of pool matches were low scoring affairs, the Eagles winning 6-0 over the Rustlers, Cyclones 4-0 over the Suns, Sharks 4-0 over the Cobras and Mets 2-1 over Hornets. The Mets will face the Sharks in the first semi final, while the Hornets will meet the local Northern Eagles. WOMENS 30’s: The Crusaders and Scorpions look the side to beat in this division, their 3-3 draw earlier in the competition leaving them on top of the ladder together. Their strong record puts them straight through to the semi finals, with the other sides forced into qualifying finals for the final two spots in the semis Friday night. The qualifying system looks complicated, but basically the remaining sides, the Suns, Mets, Cobras and Rustlers are fighting for the two remaining spots in the Semi finals. WOMENS 35’s: The Womens 35’s competition may only have five teams but it is certainly tough. The Cyclones and Rustlers played off for the final spot in the final four, with the Cyclones, yet to win a match all tournament, defeating the Rustlers 1-0. They now go through to a semi final against the Hornets, while the Suns will face the Sharks. WOMENS 40’s: The Sydney Scorpions finished top of their pool with four wins and a draw, with the draw against the third placed Cyclones indicating the Eagles (finishing second,) the Scorpions and Cyclones all have more than just a fingertip on the title. The Scorpions will face the Cobras in the first semi final, while the Eagles play the Cyclones.last_img read more

10 months agoHuddersfield close to deal for Leyton Orient starlet Joshua Koroma

10 months agoHuddersfield close to deal for Leyton Orient starlet Joshua Koroma

first_imgTagsTransfersAbout the authorPaul VegasShare the loveHave your say Huddersfield close to deal for Leyton Orient starlet Joshua Koromaby Paul Vegas10 months agoSend to a friendShare the loveLeyton Orient starlet Joshua Koroma is attracting Premier League interest.The Mirror says Huddersfield Town are set to win the race for Leyton Orient whiz Koroma.The 20-year-old has come through the youth ranks at Brisbane Road, and is highly-regarded.He was being tracked by Aston Villa, Derby and Middlesbrough.But the Terriers are now in pole position to hand him a dream move to the Premier League. last_img read more

Video: Louisville’s Rick Pitino Thrashed A Student Reporter During Thursday’s Press Conference

Video: Louisville’s Rick Pitino Thrashed A Student Reporter During Thursday’s Press Conference

first_imgRick Pitino in a press conference.Louisville’s men’s basketball team went one-and-done in the ACC Tournament, losing its quarterfinal game to North Carolina Thursday afternoon. Following the contest, Cardinals’ coach Rick Pitino held a brief press conference with reporters. The first question came from Derek Brightwell, a reporter for the school’s student newspaper, the Louisville Cardinal. Brightwell asked Pitino why his team has struggled against the zone so much this season; Pitino was apparently not impressed with the question. The question starts at the 0:56 mark.  It is fairly clear why Louisville has struggled against the zone this season; they don’t shoot the ball well, which is typically a requirement for good offense when facing a zone defense. But Pitino pulled the I’m a big-time college basketball coach and you’re a student reporter that doesn’t know anything move, and he came across as a pretty big jerk in the process. The student reporter was apparently OK with it, though. Got thrashed by Pitino at the presser, but the @CardChronicle comment section was talking about me. Also picked up 4 followers. #illtakeit— Derek Brightwell (@derekbrightwell) March 12, 2015Louisville will learn its NCAA Tournament fate Sunday night.[Courier-Journal]last_img read more

Court asked to give interim payment to victims of Humboldt crash

Court asked to give interim payment to victims of Humboldt crash

first_imgSASKATOON – A court hearing has been rescheduled for Aug. 15 to provide victims of the Humboldt Broncos bus crash with $50,000 each from a massive fundraising campaign.The Humboldt Broncos Memorial Fund Inc. will ask the Saskatchewan Court of Queen’s Bench to approve the interim payment to the 13 survivors and the families of the 16 people who died in the crash on April 6.The fund says some of the families affiliated with the Saskatchewan Junior Hockey League team are in urgent need of money.A GoFundMe campaign was created immediately after the crash and received $15.2 million in donations from all over the world.The hearing, which was initially set for Aug. 13, will also establish a committee to determine how the rest of the money will be distributed.It’s expected to go to victims in the coming months.last_img read more

Supermedium a new startup from members of the ori

Supermedium a new startup from members of the ori

first_imgSupermedium, a new startup from members of the original Mozilla VR team, have launched a virtual reality browser for web VR content.The Supermedium VR browser was created by developers Diego Marcos and Kevin Ngo and technical artist Diego Goberna and is designed to let users experience VR without downloading large native apps.“We are establishing the web as a legitimate foundation for VR, and for immersive platforms going forward,” said the three founders in a blog post.“As there are a billion websites today, we are aiming for millions of VR sites in the future. And it starts with a browser.”At launch Supermedium will feature a few dozen curated VR sites, with more to be added on a weekly basis.“We witnessed first-hand how slow the web was to react to the rise of smartphones and app store ecosystems. We’re not going to let that happen again with VR,” said Ngo, Marcos and Goberna.At the same time the company said that it is now being backed by startup accelerator Y Combinator, after being included in its winter 2018 startup batch.last_img read more

There was nothing freemarket about that 20minute

There was nothing freemarket about that 20minute

first_imgThere was nothing free-market about that 20-minute engineered price decline in silver yesterday morning, either.Well, it was an interesting day on Wednesday.  The gold price spiked on the news out of the German courts yesterday morning…but the rally was crushed in minutes by a massive selling orgy by the bullion banks.From that point, the gold price traded more or less sideways until the 8:20 a.m. Comex open…and then the selling pressure began anew.  The low for the day [$1,724.30 spot] came around 10:45 a.m. Eastern…and about fifteen minutes before the London close.The gold price made several attempts to rally after that, but every rally, no matter how small, got sold off…and the gold price was carefully closed below Tuesday’s closing price.  In technical terms, gold had a key reversal to the downside.Gold finished the Wednesday trading session at $1,731.40 spot…down $1.10 from Tuesday.  Net volume was an eye-watering 197,000 contracts.  “Da Boyz” threw everything they had at the gold price yesterday to prevent it from blowing to the outer edges of the known universe…and the same can be said about the silver price as well.The silver story for Wednesday was even more egregious.  After getting stopped cold at the $34 spot mark for the fourth day in a row, silver got sold down slowly until about 10:20 a.m. in New York.  At that point, JPMorgan et al engineered a one dollar waterfall price decline that ended less than twenty minutes later.  Silver printed $32.40 spot at its low tick.  Then, like gold, silver made several attempts to rally, but got sold off each time…and also had what I consider to be an engineered key reversal to the downside finish to the day.Silver closed the Wednesday trading session in New York at $33.31 spot…down 17 cents from Tuesday’s close.  Silver’s volume was an astounding 73,000 contracts.For obvious reasons, platinum did very well for itself yesterday, rallying strongly right from the London open.  This lasted until just before the 12 o’clock noon lunch hour BST, before a thoughtful seller peeled about one percent off a price that was about to go parabolic.  From there it traded sideways for the rest of the day, finishing up a hair over $40 by the close of trading…but would have done better if left to its own devices.The dollar index opened at 79.90 on Tuesday night…and drifted slowly lower, hitting its nadir of 79.55 at 11:30 a.m. in London yesterday morning.  Ninety minutes after the low was set, the index had gained back half its loss…and then traded flat into the 5:30 p.m. New York close.  The dollar index closed down about 20 basis points…and at no time was a factor in the shenanigans that went on in the precious metal markets.The gold shares sold off in sympathy with the price during the first hour or so of trading yesterday…and the low was in around 10:40 a.m. Eastern time.  From there, the gold stocks recovered strongly…and were up well over a percent by shortly before 2:00 p.m. Eastern time.  Then a thoughtful seller showed up and sold the stocks down about 1.5% in less than fifteen minutes.  From there the stocks more or less traded sideways into the close…and the HUI finished up 0.44%.Considering the pounding that silver took, the shares [for the most part] finished strongly…and Nick Laird’s Silver Sentiment Index actually closed up 0.61%.(Click on image to enlarge)The CME’s Daily Delivery Report showed that only 18 silver contracts were posted for delivery on Friday within the Comex-approved depository system.  Nothing to see here.Both GLD and SLV showed withdrawals by authorized participants yesterday.  There was 119,649 ounces taken out of GLD…and 387,575 troy ounces removed from SLV.Switzerland’s Zürcher Kantonalbank provided an update of their gold and silver ETFs as of the close of business on Monday, September 12th.  Since August 30th, they added 57,401 troy ounces of gold…and a smallish 2,315 troy ounces of silver.Well, the new short interest numbers were posted over at the shortsqueeze.com Internet site late last night…and the silver number was a big surprise. It also confirmed Ted Butler’s worst fear.  It showed that during the last two weeks of August, there was a 4.16% decline in SLV’s short interest, which now stands at 13,129,800 shares/ounces.During that two week period, the price of silver rose by about $3.50…give or take…and silver should have been pouring into SLV…just like gold was pouring into GLD during the same period.  But it wasn’t.  During that approximate time period, the amount of silver in SLV actually declined by several million ounces.  When the authorized participants don’t have the metal to add to SLV, they short the shares in lieu of that until they’re in a position to deliver the metal.  Then they reverse that transaction.  Not only did the authorized participants not add metal, they didn’t short the shares in lieu of, either…as the SLV short position declined over that 2-week reporting period, when it should have risen substantially.  So what the #%@& is going on?All I can tell you is that Ted Butler, in his September 5th commentary to his paying subscribers, mentioned the fact that…”The short position on stocks come from a source that I’m uncomfortable with…the Depository Trust Clearing Corporation…or the DTCC.”  Did JPMorgan whisper in their ear?  If that’s the case, we’ve sunk to a new low in the silver price management scheme.  Without doubt, I’m sure that he’ll be writing about that very thing in his special commentary later today.Not that I want to second guess what Ted might do, but it’s my opinion that whatever he writes on this issue, will be posted in the public domain in short order. GLD’s short position declined by 18.95% which, considering the huge rally in the gold price…combined with the large amount of gold that poured into the fund during that 2-week period, is no surprise to me…and was expected.  GLD’s short position now stands at 14,970,500 shares, or 1.50 million ounces…46.56 tonnes.There was no sales report from the U.S. Mint.Over at the Comex-approved depositories on Tuesday, they reported receiving 841,080 troy ounces of silver…and shipped 331,479 ounces out the door.  The link to that action is here.Here’s a chart that Washington state reader S.A. sent my way yesterday afternoon…and it doesn’t require any further embellishment from me.  As I said back in February of 2007…call me in 2013 and we’ll talk about a bottom in the U.S. residential real estate market.Despite my best efforts, I have the usual number of stories for you today…and I hope you can find the time to read the ones that interest you.According to government data for positions held as of September 4, 2012, I calculate JPM to be short 130 million ounces (26,000 COMEX futures contracts). That’s up from the 70 million ounces JPMorgan held two months ago. 130 million ounces is more than any country produces for an entire year and four times what the U.S. mines annually. It is such a large amount of silver that silver would have traded above $50 recently had not JPMorgan sold short an additional 60 million ounces since July. There can be no argument that the short sale of 60 million ounces in less than two months by one entity would exert significant downward pressure on the price. – Silver analyst Ted Butler, 12 September 2012Well, it was a wild and woolly day yesterday…and it was obvious that with the exception of platinum in the early going, gold and silver were mostly in lock-down…especially in early London trading when the decision came out from the German court.  I’ve never seen volume explode as quickly as that.  It obviously wasn’t short covering, so it had to be the bullion banks going short against all comers…and it’s most unfortunate that this volume activity won’t be in tomorrow’s Commitment of Traders Report.And there was nothing free-market about that 20-minute engineered price decline in silver yesterday morning, either.What I was happy to see, was the quick recovery in both metals…and by the end of the day, both gold and silver were almost back to their Tuesday closing prices.  Ted Butler was wondering out loud if what we saw yesterday was the beginning of a price correction…or not.  We’ll find out soon enough I would thinkWe get the announcement from the FOMC meeting early this afternoon…and it will be equally as interesting to see how the precious metals react…or are allowed to react, in the wake of whatever news comes forth from Bernanke & Co.The precious metals market is so distorted and twisted out of shape, it’s impossible to tell what may, or may not, happen next…especially considering the dominant position that JPMorgan et al hold in both gold and silver…but especially silver.  I, for one, don’t have a clue as to how this is going to turn out in the very short term, but the long term is not in doubt. This price management scheme isn’t going to last forever…and it has now become obvious to a lot of people…and the comments by CME trader Michael Gurka in that CNBC video clip in the ‘Critical Reads’ section, proves that point nicely.  If he’s talking about it on CNBC, you can bet that there are lots of wheels turning on this that we know nothing about.  So the forces going on under the surface are certainly there, it’s just that we can’t see them.  But once in a while we get a clue that they exist.The other news item that really caught my attention was this Ray Dalio fellow, whom I’d never heard of before.  But when he started talking about gold inside the ‘hallowed’ halls of CFR…then that’s another thing that should make you stand up and take notice.  And if you know nothing about the Council on Foreign Relations, you’ll find out all about it when you read Ed Griffin’s book “The Creature From Jekyll Island”.In Far East and early London trading, the price action in both silver and gold was fairly quiet…a far cry from what it was on Wednesday morning.  I would guess that all and sundry are waiting for whatever Ben Bernanke has to say.  Trading volume at the 8:00 a.m. BST London open are precisely what they were this time on Wednesday morning…around 4,600 contracts in silver and 12,000 in gold.  The dollar index is down a hair.And as I hit the ‘send’ button a bit more than two hours into the London trading day, volumes are up substanitally, even though prices aren’t doing a lot…and the dollar index is still down a hair.Like you, I await the word from the FOMC meeting…and we’ll see what develops from there.See you on Friday…Saturday west of the International Date Line. Bayfield Ventures Corp. (TSX.V: BYV) is exploring for gold and silver in the Rainy River District of NW Ontario. The Company’s 100% owned “Burns” Block property adjoins the immediate east of Rainy River Resources’ (TSX.V: RR) world-class gold deposit which includes an indicated resource of 5.72 million ounces of gold, averaging 1.18 g/t, in addition to an inferred resource of 2.25 million ounces of gold, averaging 0.79 g/t. Drilling to date on Bayfield’s Burns Block demonstrates that the ODM17gold zone extends from Rainy River Resources’ ground onto the Burns Block. Bayfield is currently carrying out 100,000 metres of diamond drilling on its Rainy River properties. Drill results thus far have been very encouraging. Notable drill results include 60.05 grams per tonne gold and 362.96 grams per tonne silver over 11.2 metres within 26.70 grams per tonne gold and 170.69 grams per tonne silver over 25.5 metres, as well as 35.93 grams per tonne gold and 359.65 grams per tonne silver over 10.0 metres. Bayfield also holds a 100% interest in two other properties in the Rainy River District. Claim blocks “B” and “C” are well located to the immediate east and west (respectively) of Rainy River Resources’ #433 and ODM17 gold zones. Please visit our website to learn more about the company and request information. Sponsor Advertisementlast_img read more