Cornelius E. Eckstein

first_imgFriends may visit with the family on Wednesday, January 20, 2016 from 4 to 8 p.m. at Cook Rosenberger Funeral Home, 107 Vine Street, Sunman. Rosary will begin at 3:15 p.m.  A Mass of Christian Burial, officiated by Father Francis Eckstein, is Thursday, January 21, at St. Nicholas Catholic Church at 10:00 a.m.  Burial will follow in the church cemetery with military honors provided by the Kenneth L Diver Post #337 American Legion. Memorial donations are requested to St. Nicholas School, Sunman Life Squad, or the Sunman Vol. Fire Department. To sign the online guestbook or to leave a personal condolence, please visit www.cookrosenberger.com.  The staff of Cook Rosenberger is honored to serve the family of Cornelius E. Eckstein. Cornelius E. Eckstein, of Sunman, was born in St. Nicholas, Indiana, on January 16, 1926, a son to Amand and Mary Federle Eckstein. He proudly served in the United States Navy aboard an LST 1110 during World War II.  He then attended New York Tech for 2 years, learning television repair in its infancy, and was a pioneer in the early introduction of television in the Sunman area.  Cornelius married Carol Jean Lattire on October 22, 1949 at St. Nicholas Catholic Church and she survives. He was an electrician and instrumentation specialist, and worked for Monsanto for 28 years.  Cornelius was an active member of St. Nicholas Church and the Kenneth L. Diver Post #337 Sunman American Legion.  His family remembers him as a man who loved working with his tools, making wine with his brother, Fr. Frank, and having his family together.  On Sunday, January 17, 2016, at the age of 90, Cornelius passed away, surrounded by his family, at Aspen Place Health Campus in Greensburg.center_img Those surviving who will cherish Cornelius’ memory include his wife of over 66 years, Carol Jean Eckstein; children, Greg (Carol) Eckstein of Sunman, Kathy (Terry) Johnson of Bright, Steve (Christy) Eckstein of Greensburg, Rodney (Sandy) Eckstein of St. Leon, Mark (Christy) Eckstein of Monrovia, Darrell (Cathy) Eckstein of Scottsdale, AZ, and Anita (Jack) Wallace of Greensburg; 20 grandchildren, 22 great grandchildren, and 7 great, great grandchildren. Also surviving are brothers, Edmund Eckstein of Sunman, Fr. Francis Eckstein of Milan, and Walter Eckstein of Morris; sisters, Verena Fette of New Alsace, Alice Wuestefeld of St. Leon, and Matilda Nordmeyer of Sharonville, OH.  Besides his parents, he was preceded in death by a brother, Albert Eckstein, and sister, Stella Doerflein.last_img read more

TICKETS STILL AVAILABLE FOR THE NORTH WEST BREAST CANCER BALL

first_imgIT’S the gala event of next month – and there are still some tickets left!The unique North West Breast Cancer Ball takes place at the Silver Tassie Hotel on Friday November 22.And all funds raised go to Breast Cancer Research Letterkenny General Hospital. The black tie formal event will be compered by Marty Friel and Miss Donegal Orlagh McGee – with music by the brilliant Kopy Kates and DJ Dermot Griffin.Tickets for this event are available at the Silver Tassie on 0749125619 or from Liberty Travel in Letterkenny on 0749188380.Please share this story if you are on Twitter or Facebook.And you can get more information on www.facebook.com/NorthWestBreastCancerCharityBall ORwww.twitter.com/NWBCBall TICKETS STILL AVAILABLE FOR THE NORTH WEST BREAST CANCER BALL was last modified: October 23rd, 2013 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:donegalLiberty TravelNorth West Breast Cancer Charity Ballsilver tassielast_img read more

Planets Seen Forming! (or Dust Spreading )

first_imgScience headline writers were almost beside themselves with joy at the prospect of watching other planetary systems in the process of forming.  Science Daily nearly set a record with a large-print, bold, 22-word headline: “Zooming in on an Infant Solar System: For the First Time, Astronomers Have Observed Solar Systems in the Making in Great Detail.”  PhysOrg, which regurgitated the same press release from University of Arizona, headlined only the first 7 words.  A quick internet search showed this press release reverberating throughout the web, with little modification, usually accompanied by the same artwork.  What on other earths was going on?    The press release was based on a paper by J. A. Eisner et al published in Astrophysical Journal, available online in an open-access PDF at Los Alamos National Laboratory.1  The title talks about spectra of hydrogen around certain stars – nothing about planets.  The paper itself only makes a brief, data-free, theory-laden statement about planets in the introduction: “Protoplanetary disks play an integral part in the formation of both stars and planets.  Disks provide a reservoir from which stars and planets accrete material, and a knowledge of the structure of inner regions of disks is needed to understand the star/disk interface as well as planet formation in disk ‘terrestrial’ regions.”  That was it.2  Wading through the hype about planets in the press release to get to the data, though, took a strong machete.  The claims were audacious from the first sentence.  Not only did the press release deliver planets; it outfitted them for life:For the first time, astronomers have observed solar systems in the making in great detail.A team led by University of Arizona astronomer Joshua Eisner has observed in unprecedented detail the processes giving rise to stars and planets in nascent solar systems. The solar systems the astronomers chose for this study are still young, probably a few million years old.“These disks will be around for a few million years more,” Eisner said.  “By that time, the first planets, gas giants similar to Jupiter and Saturn, may form, using up a lot of the disk material.”More solid, rocky planets like the Earth, Venus or Mars, won’t be around until much later.“We are going to see if we can make similar measurements of organic molecules and water in protoplanetary disks,” he said.  “Those would be the ones potentially giving rise to planets with the conditions to harbor life.”Surely claims of this magnitude were based on incredibly hard evidence.  Did Eisner and his colleagues actually see any planets?  Actually, no.  They saw dust and hydrogen.  They looked at 15 stars with dust disks around them, and measured things like mass, rotation, and magnetic fields.  They saw some of the dust getting sucked into the stars.  They saw some dust disks getting pushed back by magnetic field lines.  They saw violent process, like hydrogen flung out by magnetic field lines: “the gas is being funneled along the field lines arching out high above and below the disk’s plane,” Eisner said.  “The material then crashes into the star’s polar regions at high velocities.”  The press release explained what happens next: “In this inferno, which releases the energy of millions of Hiroshima-sized atomic bombs every second, some of the arching gas flow is ejected from the disk and spews out far into space as interstellar wind.”  Notice that this environment forms the boundary conditions for the story.Question: where are the planets?Answer: in Eisner’s imagination.“‘But the building blocks for those could be forming now,’” he said, which is why this research is important for our understanding of how solar systems form, including those with potentially habitable planets like Earth.”    Summing it up, here’s the score.  Observations of planets: zero.  (This includes habitable planets.)    Uh, what was that headline again?  “Zooming in on an Infant Solar System: For the First Time, Astronomers Have Observed Solar Systems in the Making in Great Detail.”    Incidentally, their work was funded by a Major Research Instrumentation Grant from the National Science Foundation.1.  Eisner et al, “Spatially and Spectrally Resolved Hydrogen Gas within 0.1 AU of T Tauri and Herbig Ae/Be Stars,” Astrophysical Journal Vol. 718, July 20, 2010 (scheduled); preprint at Los Alamos Natl Laboratory.2.  The paper talks much about accretion, but it’s apparent both from the paper and the press release that the accretion being spoken of is material getting swept into the star – not material building up planets.  Planet formation (not even mentioned in the technical paper) was not spoken of in terms of data or observations, but only as theoretical possibilities: “gas giants similar to Jupiter and Saturn, may form, using up a lot of the disk material,” and “More solid, rocky planets like the Earth, Venus or Mars, won’t be around until much later, ‘But the building blocks for those could be forming now,’…”Calling on all skeptics who respect science.  Will you let this pass?  Those of you whose mission is to expose pseudo-science and skewer crackpots, do you ever turn your energies on the likes of these?  They’re not your usual targets, but look at what these people have done.  Don’t be distracted by the fact that they work for major universities, like the University of Michigan, Caltech, Berkeley, and Max Planck.  Don’t be impressed by the fact that they used observations from Keck, one of the finest observatories in the world.  Don’t be intimidated by the fact that they got a major research grant from the NSF.  Who cares?  If someone says a dumb thing, it’s dumb, no matter who says it.    If you could, in your mind’s eye, transport yourself to the middle ages, and find the King of France funding alchemical or astrological research, and all the esteemed academics of the University of Paris thinking it was a great idea, would you endorse it on those bases alone?  Surely, science must be about more than (1) equipment, (2) prestige, (3) money, (4) consensus, (5) power and authority, (6) publicity, (7) rhetoric, (8) hype, (9) enthusiasm, (10) imagination, (11) some of the above, (12) all of the above.  Presumably, science has at least something to do with truth.  It has something to do with gaining knowledge about the world through rigorous, testable, empirical methods, and applying what is gained logically, consistently, and conservatively – avoiding the exaggerations to which our natures incline us.  Can we agree on that?    But look what these scientists, intelligent as they are, educated as they are, privileged as they are to work on the world’s greatest telescopes, honored as they are with taxpayer dollars, did in this press release.  They observed spectra of hydrogen around a few T Tauri and Herbig Ae/Be stars.  From these spectra, it was reasonable to infer some violent processes at work: hydrogen being accelerated along magnetic field lines, and dust disks apparently either spiralling all the way in to the star or being compressed outward.  That’s it.  But look at their inferential equation in the press release:Dust + violence = planetsPlanets + time = lifeLook at the absurd teaser in the headline.  Look at the suggestive artwork.  If that isn’t pseudo-science, if that isn’t an example of wild swings of speculation way out of bounds beyond what the data can bear, then please, pray tell, what is?  Why is it that the world’s press just laps up this garbage and barfs it back out for the public?  Why is Creation-Evolution Headlines the only site with the guts to call this disgusting?  Look; even Space.com fell for it hook, line and sinker – no critical analysis whatsoever.  Not a hint of questioning.  None of the debate or dispute or controversy that should characterize good science.  The media just fall in lockstep like a bunch of gutless, mindless lemmings.    If you agree, then do something about it (this is for skeptics).  Write some letters to the editors of news sources that regurgitated this press release uncritically and complain.  Write the University of Arizona and say that this press release was very unscientific.  Tell them it violated your skeptical sensibilities.  Tell them it gives the creationist wackos occasion to mock science.  Tell them it is illogical to extrapolate from hydrogen and dust to earth-like planets and life.  Point out that such talk only encourages the critics of evolution to keep up their rhetoric and grow more bold.  Tell them that if they keep publishing thoughtless press releases like this one, intelligent design is going to continue to grow and proliferate, because evolutionary science is going to continue looking like a lunatic fringe of laughable pseudo-science the way it is being exaggerated beyond all logic.  Further, tell them that when it gets spoon-fed to the public this way, with no critical analysis, the public becomes skeptical that they are being led down the primrose path.  (It might be effective to tack on the quote at the top right of this page.)    Do it.  Read them the riot act for a change.  Then at least we will know you are consistent.  Then we will at least know you are an honest skeptic.(Visited 10 times, 1 visits today)FacebookTwitterPinterestSave分享0last_img read more

South Africa’s Diski Dance ‘flash mobs’

first_imgDiski Dancing “flash mobs” have been popping up all over the country on their crusade of teaching the nation the South African football jive ahead of the 2010 Fifa World Cup. Recently, they stunned a crowd of Capetonians when they started their amazing routine in front of all and sundry. Here’s how it went down. Click arrow to play video. Published on SouthAfrica.info on 31 May 2010. Source: Football Fridayslast_img

The Phone Is Still the Very Best Tool for Booking Appointments.

first_imgFirst, there is no other medium that allows you to convert your confidence that you can create value for your dream client should they agree to meet with you. Your confidence doesn’t come across the same way in an email. Email asks tend to be sterile, devoid of emotion, or too cute for their own good.Second, and equally important, is the fact that the communication is asynchronous. You can respond to your dream client’s questions and concerns, concerns they are likely to express as a method of getting you off their phone. Because you are on the phone, you have a shot at resolving that concern (provided you have the confidence). An email can be deleted or ignored. Any attempt to resolve a concern can feel like you are arguing.Third, the key to obtaining commitments is trading enough value in exchange for the time you are requesting. Offers that are spoken with confidence that they deliver value seem to be more effective than offers made over email. If the value proposition for the meeting isn’t exactly right, you have a chance to remedy that with an improvement to your pitch. When what you are selling is a meeting, there must be something that makes it worthwhile for your prospective client.Finally, your voice is unique to you. It can identify you, transforming you from a first and last name into a human being. Not only can the client hear your voice, they can get a sense of you as a person, what we might call your real voice, or personality if you are willing and able to share that over the phone. All these things are made more difficult over email.Email is about efficiency. But results in prospecting don’t easily lend themselves to improved efficiency. Results tend to follow effectiveness. If one medium is more effective, using it more often is a better choice than looking for shortcuts.last_img read more

New Delhi: Dec 14, 2017 (PTI) EDITORS: Photos with

first_imgCaptions released today. To view thumbnails of these Photographs, visit PTI website at..http.//www.ptinews.com NATIONAL Ahmedabad/Gandhinagar: Second phase of Gujarat assembly election(B+A) Mumbai; PM Modi at INS Kalvari commissioning (B) Mumnbai: Kangana Ranaut at book launch (B+A) New Delhi: Foggy day in Delhi(B) New Delhi: India-Morocco Bialateral Meeting (B) New Delhi: National Energy Conservation Day 2017 function (B) Thiruvananthapuram: Rahul Gandhi in Thiruvananthapuram (B+A) INTERNATIONAL Isatanbul: Rally against U.S. President Donald Trumps decision to recognise Jerusalem(B) Iatanbul: Opening session of the Organisation of Islamic Cooperation Extraordinary Summit in Istanbul(B) Tokyo : U.N. Secretary-General Antonio Guterres in Tokyo (B) Beijing: SZymbols for world currencies on the exterior of a bank in Beijing(B) New York: Actor and singer Nick Jonas greets fans at a special screening of “Jumanji: Welcome to the Jungle” (B) Washington : First lady Melania Trump hugs the child of a military family (B) SPORTS Perth: Ashes cricket test match in Perth(B) Christchurch: Twenty/20 match in Christchurch,(B) Swansea: English Premier League soccer match(B) pti vna os OSSlast_img read more

10 months agoBurton and Hesketh face loan battle with Southampton

first_imgBurton and Hesketh face loan battle with Southamptonby Paul Vegas10 months agoSend to a friendShare the loveBurton Albion and Jake Hesketh face a battle with Southampton over his loan.The Mirror says Hesketh faces a Southampton recall and Carabao Cup semi final heartbreak.The on loan Southampton midfielder fired Nigel Clough’s side into the last four on Tuesday – but his loan deal ends before the glamour ties kick off in January.Boss Clough admits they landed Hesketh on a favourable loan deal which ends soon, and he fears they might not get him back because of his good form.Hesketh is desperate to keep playing for Burton and wants Manchester City in the semis, but admits he wants a chance to test himself in the Premier League, and could face a huge dilemma. TagsTransfersLoan MarketAbout the authorPaul VegasShare the loveHave your saylast_img read more

a month agoJuventus defender De Ligt: I can’t split Van Dijk and Ronaldo

first_imgJuventus defender De Ligt: I can’t split Van Dijk and Ronaldoby Paul Vegasa month agoSend to a friendShare the loveJuventus defender Matthijs de Ligt says Holland teammate Virgil van Dijk deserves his individual success.The Liverpool defender ultimately lost out to Barcelona star Lionel Messi for FIFA’s The Best gong.De Ligt told TMW: “It is a great honour to be here. “I was fortunate to have played with both Van Dijk and Cristiano Ronaldo, but frankly I can’t choose between the two.” While De Ligt attended the awards last night, Ronaldo stayed at home. About the authorPaul VegasShare the loveHave your saylast_img

Harry

first_img Harry Furthermore, a few months ago when I went to my bank (Wells Fargo) to cash a check from Ambassador (any time you cash in more then $600 of precious metals here in Tucson you are issued a check instead of cash) the teller at the bank asked me what the check was for. I asked the bank clerk to elaborate on what she meant by ‘what the check was for’. The teller (a nice young lady) told me it was now ‘required policy to ask everyone who was cashing or depositing a check from a jewelry store, coin store or a coin & stamp store’. I told this clerk that in all fairness it was none of the bank’s business why the jewelry store issued me a check. At this the clerk went and got the bank manager. I told the bank manager that it was none of the bank’s business why the jewelry store issued me a check. The bank manager told me that he was required to record this information otherwise he could not process the check. I asked him if he couldn’t process the check or the bank couldn’t process the check (I was starting to get irritated). I just thought I’d let you know that yesterday I went to Ambassador Jewelers here in Tucson to sell (sadly) a measly 10 ounces of silver. To do so I had to submit to having my right index finger inked and fingerprinted. When I told them (politely) that I would prefer not to have to have my finger inked up and pressed onto a piece of paper I was informed that they would be unable to purchase the silver. I asked them when this process of finger printing became a standard step they told me January 1st of this year.  Considering it’s a Saturday column, I don’t have that many stories for you today…and I’m rather happy about that.You’ve never been lost until you’ve been lost at Mach 3. – Paul F. Crickmore…SR-71 test pilotToday’s pop ‘blast from the past’ is almost fifty years old…scary stuff, as I remember this song all too well.  I’m sure you will as well…and the link is here.Today’s classical ‘blast from the past’ is an old chestnut from the master of the romantic era…Pyotr I. Tchaikovsky and, after two unsuccessful attempts, was rewritten in the form we know it today way back in 1880.  Whenever this was programmed in the Edmonton Symphony Orchestra‘s season, it was pretty much guaranteed to be a sold-out house…and a standing ovation at the end.  This performance is with the London Symphony Orchestra with Russian Maestro Valery Gergiev conducting.  The run time on this is a hair over 20 minutes…and the link is here.  Enjoy!Well, was that the bottom?  Beats me, but if I had to bet a dollar, I’d say we’re pretty close…at least in gold.  Both Ted Butler and I are still concerned about silver, because the short position is still massive, even if JPMorgan et al took another 10,000 contract off the Commercial net short position during the last three days of the week.  If you remember, I’ve been commenting on the lack of silver volume all week long during this engineered price decline.  Even yesterday’s net volume was underwhelming.In June of last year, the Commercial net short position in silver got down around the 12,000 contract mark…and even with those estimated 10,000 contracts removed from the current Commercial net short position, it still stands at 36,000 at the moment…and that’s light years off that June 2012 low.Can JPMorgan et al get the liquidation necessary to get their short positions that low again?  I don’t know.  But if they tried, we’d have to see significantly lower silver prices to get there.  But can they, or will they?  That is the $64,000 question at the moment.Of course the other question that has to be answered is this.  If we have seen the bottom, either yesterday…or early next week, what will “da boyz” do on the next rally?  Will they be the short sellers of last report as they have been for the last twenty-five years, or will they stand aside at let the prices go?The answers to both those question should be known in the not-to-distant future.  So, in actual fact, there are two $64,000 questions floating around out there…and nothing else matters except the answers to those two questions.Here are the 3-year charts for both silver and gold.  As you can see, we are pretty close to what I consider to be a major bottom…and once “da boyz” can’t get any more technical fund long liquidation, the bottom will be in, regardless of the price…or the size of the Commercial net short position at the time.So we wait.(Click on image to enlarge)(Click on image to enlarge)In closing today’s column, I’d like to point out one more time that the world’s fiat currency system…and the financial and economic system that has risen out of it since August 15, 1971…is pretty much on its last legs.  What will replace it is still unknown…but the powers that be know all too well that they can’t muddle along much further without everything either blowing up or melting down…and the ever-increasing signs of that are all around them.As GATA’s Chris Powell said many years back…”There are no markets anymore, only interventions”…and that pretty much describes what passes for monetary, financial and economic policy on Planet Earth today.It can’t…and won’t…last much longer.Because of the President’s Day holiday in the U.S. on Monday, I may or may not have a column on Tuesday…so if there isn’t one posted on this website by 7:00 a.m. Eastern time on that day, you’ll know why. Freegold Ventures Limited is a North American gold exploration company with three gold projects in Alaska. Current projects include Golden Summit, Vinasale and Rob. Both Vinasale and Golden Summit host NI 43-101 Compliant Resource Calculations.An updated NI 43-101 resource was calculated on Golden Summit in October 2012 and using 0.3 g/t cutoff  the current resource is 73,580,000 tonnes grading 0.67 g/t Au for total of 1,576,000 contained ounces in the indicated category, and 223,300,000 tonnes grading 0.62 g/t Au for a total of 4,437,000 contained ounces in the inferred category. In addition to the Golden Summit Project the Vinasale also hosts a NI 43-101 resource calculation (March 2012)  of 49,320,000 mt @1.09 g/t for a total of 1,735,000 contained gold ounces in the inferred category using a 0.5 g/t cutoff.Please visit our website for more information. And so it goes … (down the toilet). All the best, Well, was that the bottom? Beats me, but if I had to bet a dollar, I’d say we’re pretty close…at least in gold.The gold price traded pretty flat through Far East trading on their Friday…but then dipped slightly at the London open going into the a.m. gold fix.  From there it traded flat until 1:00 p.m. GMT…8:00 a.m. in New York…and about twenty minutes before the Comex open.By the time that JPMorgan et al were done for the day, the low tick checked in at $1,596.00 spot around 10:35 a.m. Eastern time.  From there, the price rallied back to the $1,610 spot mark, but wasn’t allowed to trade above that price for the rest of the Friday session.On an engineered price decline of this magnitude, the trading volume was immense…around 284,000 contracts, give or take…and gold closed at $1,610.10 spot…down $24.30 on the day.Of course silver was the metal that “da boyz” were really after…and it was under light selling pressure right from the moment that Far East trading began on their Friday morning.  However, by 1:00 p.m. GMT in London, silver was only down about a dime from Thursday’s close.But once the engineered price decline began, it was sold down hard throughout the entire Comex trading session…and the low tick of the day [$29.59 spot] was set at precisely 2:45 p.m. Eastern time in electronic trading.The subsequent rally wasn’t allowed to get far…although the price did recover about 20 cents from its low.Silver closed the Friday trading day at $29.80 spot…down 60 cents from Thursday’s close.  Gross volume was around 96,000 contracts, but once the spreads and roll-overs for March were subtracted, the net volume was only 44,000 contracts.The dollar index opened at 80.39 on Friday morning in Japan…and hit its nadir [80.22] just minutes before the London open.  The high tick [80.57] was in around 7:30 a.m. in New York…and from there the index faded a hair in the close.  The dollar index finished the day at 80.48…up about 10 basis points.For the umpteenth day in a row, there was no correlation between the currencies and the precious metal price action.The gold stocks gapped down and then headed for the nether reaches of the earth…and from about 10:30 a.m. Eastern time onwards, the stocks bounced along the bottom despite the fact that the gold price recovered a bit after that.  The HUI got smoked to the tune of 3.61%.The silver stocks got hit pretty hard as well, but did a little better than their golden brethren.  Nick Laird’s Intraday Silver Sentiment Index closed down 3.20%.(Click on image to enlarge)And here’s the long-term Silver Sentiment Index so you can see how things look going back several years.(Click on image to enlarge)The CME’s Daily Delivery Report showed that 78 gold and 65 silver contracts were posted for delivery on Tuesday within the Comex-approved depositories.  It was “all the usual suspects” in gold…and in silver it was Jefferies as the big short/issuer of note once again with 60 contracts issued…and Canada’s Bank of Nova Scotia stopping 63 contracts.  The link to yesterday’s Issuers and Stoppers Report is here.There were no reported changed in either GLD or SLV yesterday.The U.S. Mint had a small sales report yesterday.  They sold 5,000 ounces of gold eagles…1,000 one-ounce 24K gold buffaloes…and 35,000 silver eagles.  Month-to-date the mint has sold 43,000 ounces of gold eagles…3,000 one-ounce 24K gold buffaloes…and 1,643,500 silver eagles.  Based on these sales, the silver/gold sales ratio for February to date stands at just under 36 to 1.Over at the Comex-approved depositories on Thursday, they didn’t report receiving any silver, but did ship 350,997 troy ounces of the stuff out the door…and the link to that activity is here.I’m happy to report that were big improvements in the Commercial net short positions in both silver and gold in yesterday’s Commitment of Traders Report from the CFTC.In silver, the Commercial net short position declined by 5,149 contracts…or 25.7 million ounces.  The total Commercial net short position is now down to 234.0 million ounces of silver.The Big 4 traders are short 256.7 million ounces of silver, or 109.7% of the entire Commercial net short position…and Ted Butler says that JPMorgan Chase is short 167.5 million ounces of that amount all by itself.The ‘5 through 8’ traders are short an additional 54.2 million ounces of silver, bringing the Big 8’s total up to 310.9 million ounces…of which JPMorgan Chase holds over 50% of the Big 8’s short position on its own.As far as concentration goes…the Big 4 are short 50.5% of the entire Comex futures market in silver…of which 33 percentage points of that amount is held by JPMorgan on its own.  Just think about that for a second….one trader is short one third of the entire silver market!  And it’s my opinion the Canada’s own Bank of Nova Scotia is short about 11 percentage points of the Comex silver market as well…so these two banks are short about 44% of the entire silver market between them on a net basis…and these are minimum percentages.The ‘5 through 8’ traders are short another 10.7 percentage points of the Comex futures market in silver.  So the Big 8 are short over 61% of the silver market on a net basis.In gold, the Commercial net short position declined by 13,954 contracts, or 1.40 million ounces. The Commercial net short position in gold is now down to 16.07 million ounces.The Big 4 are short 9.92 million ounces…and the ‘5 through 8’ largest traders are short an additional 5.66 million ounces.  The Big 8 are short 15.58 million ounces of gold, or 97.0% of the entire Commercial net short position.As far as concentration goes, the Big 4 are short 27.1% of the entire Comex futures market in gold on a ‘net’ basis.  The ‘5 through 8’ largest traders are short an additional 15.4 percentage points…so, in total, the Big 8 are short 42.5% of the entire Comex futures market in gold on a net basis and, once again, those are minimum percentages.Here’s Nick’s now world famous “Days of World Production to Cover Short Positions” chart.  JPMorgan is short about 87 days of world silver production…and it’s my opinion that Canada’s Bank of Nova Scotia is short about 27 days of world silver production.  That’s two banks short 114 days of world silver production between them…just about four months.  Also note how the four short traders in silver totally dominate the short side.  The ‘5 through 8’ trader’s position…even in total…just don’t matter.If you’d like to view the interactive, long-term COT charts going back about sixteen years, you can do so by clicking here for silver…and here for gold.It nearly goes without saying that since the Tuesday cut-off for yesterday’s COT Report, there has been an even bigger improvement in the Commercial net short positions in both silver and gold than we had in this last report.  I’m guessing between 7-10,000 more contracts in silver…and 20-30,000 additional contracts in gold…especially after the engineered price declines we saw yesterday.  Yesterday was a capitulation to the down side in spades…all courtesy of JPMorgan and friends.Further to the story about producing I.D. for buying or selling gold bullion or jewellery in the U.S.A…I got the following e-mail from reader Harry Morgan yesterday…Hello Ed, Sponsor Advertisement Anyway, the reason for my email was to let you/others know that, at least in Tucson, when you sell any precious metals (even 10 measly ounces of silver), you will be fingerprinted. So I said I worked at the store and this was a paycheck, then said that I had robbed a home, stolen some jewelry and sold that to Ambassador, then I said I had bought them all lunch and this check was to cover my expenses. Admittedly I was being an ass but I was very agitated about this intrusion into my personal business. So we had this little stand off until I said (firmly and evenly) that I sold a couple of my watches. At this they processed my check.last_img read more