American Markets-Leading News

ZGR

I will put out the ZGR tonight. Its pretty clear what went on in the markets today. I closed my short out except for my 1/8 position which is offset by a 1/8 Nas long. Out of time due schedule issues. Have a good weekend. God Keep you and Bless you and have mercy upon you.

 Bar the Doors and Lock the Sheep Up Katie, Anglomason/Devil And Black Sheep and Financial Rapist Lord Conrad Black is ‘free’

Like all you Anglo devil/traitors and Mason, put on the first ‘boat’ back to England. Ha, ha. Get out of the USA forever you crook. Note the English Crown put him over the Hebrews and not vice versa!

http://dealbook.nytimes.com/2012/05/04/conrad-black-is-freed/?src=dlbksb

Colombia extends ban on mining permit requests to Aug

http://af.reuters.com/article/metalsNews/idAFL1E8G4BE420120504

May 03, 2012
Sandstorm Gold Recognizes Record Gold Sales and Operating Cash Flow of US$9.3 Million


Vancouver, British Columbia, May 3, 2012- Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) (TSX-V:SSL) is pleased to announce its unaudited results for the first quarter ended March 31, 2012 (all figures in U.S. dollars).First Quarter Highlights

  • Record operating cash flow of $9.3 million.
  • Record gold sales of 7,946 ounces.
  • Average cash cost per ounce1 of $314 resulting in cash operating margins of $1,380 per ounce.
  • Sandstorm entered into a revolving credit agreement to borrow up to $50 million, which remains undrawn.

“The first quarter proved to be another record quarter in terms of gold sales and cash flow,” said President & CEO Nolan Watson. “As our cash balance continues to grow, we are better positioned to complete additional gold streams while minimizing equity dilution. I am confident that our team will be able to add significant value through acquisition during 2012.”

Outlook

Based on existing gold stream agreements, the forecasted attributable production for 2012 is 26,000 to 34,000 ounces of gold increasing to over 50,000 ounces of gold per annum by 2015.

Further details of the individual commodity streams can be found within Management’s Discussion and Analysis contained in the Company’s first quarter 2012 report and on the Company website.

 

Brutal Federal Pigs Shut Down Santa Barbara Medical Pot Trade

Eric Holder is a criminal. Mr. Waco, Ruby Ridge and Oklahoma City. He is one nasty Stalin youth, like Obama a Black-Hebrew. The Evil Anglo-Zionist Harvard Pig Jerry Brown has the power to kick the Federal Pigs out of the state. Jerry Brown is really a jerk. Granted he was not Rothschilds Choice like Meg Whitman but its Engbrew A or Engbrew B, both with Jewish Supremacist mates. Santa Barbara has a lot of enormously powerful and political people in it and this is akin to raiding Beverly Hills. A stupid move by the pigs. Obama must go if only for Holder. If Obama wants to ‘redeem’ himself, he should fire Holder now.

 

http://www.reuters.com/article/2012/05/03/us-usa-marijuana-california-idUSBRE8421FK20120503

CME Members Get 90 day Reprieve from Dodd-Frank

This did not effect trading this week as everyone was informed by their brokers that Dodd-Frank positions limits were probably coming this week and to put up more margin. If you were not you have a lousy or corrupt commodity broker. The only reason I mention this the ‘favor’ given again to JPM/Goldman and this ‘extension’ was no surprise either but a distinct advantage to pick the hedge funds pockets. Put up the margin or get out. The black box guys have a hard time ‘reacting’ but most automatically short sell. This was long vol generator and I was long commodity vol and remain long stock vol.

http://www.reuters.com/article/2012/05/04/us-cme-margin-idUSBRE84300620120504

Hitting Argentina for Oil Seizure Can Hurt U.S. Interests

http://www.bloomberg.com/news/2012-05-04/hitting-argentina-for-oil-seizure-can-hurt-u-s-interests.html

The Violent Scandalous Origins of the Anglo-Zionist , Rothschilds directed English Banking Empire and JPM!

http://www.bloomberg.com/news/2012-05-03/the-violent-scandalous-origins-of-jpmorgan-chase.html

Greedy , Evil Goldman Sachs Looks to Rig USA Bond Markets

http://www.bloomberg.com/news/2012-05-04/goldman-sachs-said-to-prepare-trading-system-for-corporate-bonds.html

Romney Says Jobs Report Shows Obama Policy Isn’t Working

Mitt Romney used the latest jobs figures to criticize President Barack Obama’s management of the economy ahead of a campaign appearance today in Pennsylvania.

“This is way, way, way off from what should happen in a normal recovery,” Romney said during a Fox News interview.

It’s a terrible and very disappointing report this morning,” the presumptive Republican presidential nominee said. “We seem to be slowing down, not speeding up.”

Employers in the U.S. added fewer workers than forecast in April and the jobless rate unexpectedly declined as people left the labor force, underscoring concern that the world’s largest economy may be losing speed.

Payrolls climbed 115,000, the smallest gain in six months, after a revised 154,000 rise in March that was greater than initially estimated, according to Labor Department figures released today in Washington. The median estimate of 85 economists surveyed by Bloomberg News called for a 160,000 advance. The jobless rate fell to a three-year low of 8.1 percent.

Alan Krueger, chairman of the White House Council of Economic Advisers, said private payroll growth shows the economy is on the mend.

More needs to be done, he said in a statement, and Obama will keep pressing Congress to pass the components of the jobs proposal that he laid out last year and which have been rejected by Republicans….

http://www.bloomberg.com/news/2012-05-04/romney-says-jobs-report-shows-obama-policy-isn-t-working.html

Californa  Sues Walmart Over Bribery

The Walton family are Demonic and are right up there with Rothschilds and Rockefeller in evil. The marriage between the Anglosaxon Walton family and one of Rothschilds relatives.

http://www.reuters.com/article/2012/05/04/us-wal-mart-lawsuit-idUSBRE84303V20120504

Final F-22 Fighter Delivered, McCain Says $79B Jets Still Have No Mission

McCain is an idiot and a traitor. While no fan of the F22, it has a very clear and strategic purpose. The designer was too radical designing a negative stability plane that could pull too high of a g and the pilots pass out and the oxygen delivery system is not adequate , it appears for when the pilots pull too  high of gs. The software has to be constantly revised and requalified and verified when they find out where the pilots physical limitations and that is what has driven the cost through the roof. McCain is just pissed he has not been able to give free ones to England and Israel. The McCains were like the Campbells a notoriously evil Scottish lowland family that betrayed their own people and served the English Crown and were notorious murders of the Irish people  and whom married into the English crown, which is why McCaine acts like Royalty. When you shake hands with Campbell, watch for the knife in your back Irish, ditto with any McCaine. Pariah , that is what John is. One of the most despicable and hate filled and anti-American NWO traitors in Congress. He is as ‘scottish’ as Malcom Forbes or Rod Stewart, clear Scottish Hebrews. More like a Scottish Hebrew as the McCain family has the Rothschilds bloodline. He was one lousy pilot, crashing and a staggering five planes and was probably drunk while he crashed one of them or showboating, killing quite a few naval seamen. Rothschilds has feted John McCain personally at his castle in Scotland. John McCain, Rothschilds pal!!

http://gma.yahoo.com/final-f-22-fighter-delivered-mccain-says-79b-160122886–abc-news-topstories.html

SS Pigs Show No Respect Says Columbian

One of the Colombian escorts at the center of the Secret Service scandal emerged from hiding today, recounting in detail her night in Cartagena with a member of President Obama’s protective detail and saying she fears for her safety.

Dania Suarez, a 24-year old dark-haired beauty, appeared on a call-in show carried by Colombia’s W Radio and Carocol Television Friday morning, telling callers the agent was “heavily intoxicated” and everything in his luggage and his papers was left open in his room and could have been easily stolen.

Asked if she had been a spy could she have removed the papers, Suarez said, “Absolutely, absolutely.”

“Clearly, in those moments, if I had wanted to, obviously, I could have done so,” she said.

Suarez says she met the agent at a disco where they danced and she began to rub her hands over his body.

“He didn’t know how to dance,” she said of the agent, identified in published accounts elsewhere as Arthur Huntington, who has left the Secret Service under circumstances that are unclear.

She said that Huntington did not appear to be searching for a prostitute but that “I found him.”

http://gma.yahoo.com/secret-escort-says-us-agents-showed-no-respect-134721872–abc-news-topstories.html

Jobs Report

This is the weakest report in the last year.  Largely as they used a staggering 200k birth/death fake jobs to pad the report. I had a dream on Wednesday it would be 115k. So I was massively short, but of course the PPT is putting a floor under it. I took 1/2 the profits and will close the short out for the weekend, except for an 1/8 position I will let ride near the close. I do except the market to rally on Monday, and offset that with a 1/8  long DIA  here, after all the facebook goons want to pump the markets up for that. Facebook is not google or msft. All it takes is for awakening that Zuckerberg is an MI6/Mossad stooge archetype and its a spy network for people to leave enmasse. You too can help end the NWO. Friends don’t let friends use Facebook, or go to starbucks or mcdonalds or walmart. Tell a friend. Bring down the NWO. To hell with Zuckerberg who wears a hoody with 666 if he won’t repent. He even looks like a ‘repetilians’ which in reality is the demonic infestation and animation. Another great ‘Harvard’ guy like Ballmer and Gates. Down with Harvard and their death cult. Down with Oxford and Cambridge for sending it there.

 

Obama Re-Election Momentum Hits Snag in April Jobs Report

A slowdown in job growth in April cuts the economic momentum behind President Barack Obama’s re- election bid as he prepares to officially begin campaigning.

U.S. employers added 115,000 workers to payrolls in April, the smallest gain in six months. The unemployment rate dropped to 8.1 percent as fewer people sought work.

Roger Altman, a deputy Treasury secretary in the Clinton administration and a senior economic adviser to 2004 Democratic presidential candidate John Kerry, called the monthly jobs report “pretty disappointing.”

“We need 200,000 to 250,000 jobs to really make this, or to illustrate that this is a healthy and strongish recovery,” Altman, chairman and founder of Evercore Partners, said in an interview on Bloomberg Television. “We’re nowhere near that.”

The jobs data was released a day before Obama formally opens his re-election campaign with political rallies in the swing states of Ohio and Virginia. Obama’s likely opponent in November, Republican Mitt Romney, has made the president’s stewardship of the economy a point of attack and polls show voters are focused on jobs and growth.

Romney said the Labor Department report was “terrible and very disappointing” and called it evidence Obama’s policies aren’t working…

http://www.bloomberg.com/news/2012-05-04/obama-re-election-momentum-hits-snag-in-april-jobs-report.html

Zuckerberg Facebook IPO to Make Him Richer Than Ballmer

Facebook Inc. (FB)’s $11.8 billion initial public offering will cement the status of 27-year-old Mark Zuckerberg as one of the world’s richest men and put his social network among the highest-valued companies in the U.S.

Facebook is offering about 337.4 million shares for $28 to $35 each, according to a regulatory filing yesterday. At the upper end of that range, the co-founder’s stake would be $17.6 billion, making him richer than Microsoft Corp.’s Steve Ballmer and Russian steel billionaire Vladimir Lisin, who are both twice his age, according to the Bloomberg Billionaires Index….

http://www.bloomberg.com/news/2012-05-03/zuckerberg-s-facebook-ipo-will-make-him-richer-than-ballmer.html

Gross Says U.S. Economy Suffering From ’Structural’ Unemployment

Bill Gross, manager of the world’s largest mutual fund, said U.S. unemployment is now a structural, and not cyclical, problem stemming from technology advances and the lack of retraining.

“Jobs are being structurally destroyed,” Gross said in an interview today with Ken Prewitt and Tom Keene on Bloomberg Radio’s “Bloomberg Surveillance.” Employment figures released today reflect “the inability of the U.S. economy to provide jobs.”….

..Washington should consider changes to trade and currency policies, as governments in Brazil, China and Europe have done, Gross said. A depreciation of the dollar would increase the competitiveness of U.S. manufacturing abroad, he said..

http://www.bloomberg.com/news/2012-05-04/gross-says-u-s-economy-suffering-from-structural-unemployment.html

Oil Falls Below $100

Oil fell below $100 a barrel for the first time since February as U.S. employers added fewer workers than forecast, bolstering concern that the economy of the world’s largest crude-consuming country may be losing speed.

Futures declined as much as 3.2 percent after Labor Department figures showed payrolls climbed 115,000, the smallest gain in six months. The median estimate of 85 economists surveyed by Bloomberg called for a 160,000 advance. Elections in France, Greece, Italy and Germany this weekend may determine how the region’s governments respond to Europe’s financial crisis…

http://www.bloomberg.com/news/2012-05-04/oil-falls-below-100-for-first-time-since-february.html

S&P 500 Poised to Snap Two-Week Gain on Employment Report

U.S. stocks declined for a third straight day, indicating the Standard & Poor’s 500 Index will halt a two-week advance, after a government report showed employers added fewer jobs than forecast in April.

Nine out of 10 groups in the S&P 500 fell as commodity, technology and financial shares had the biggest losses. Cisco Systems Inc. (CSCO) and Bank of America Corp. dropped at least 2.3 percent to pace declines among the largest companies. LinkedIn (LNKD) Corp., the biggest professional-networking website, surged 7.2 percent as sales and profit exceeded analysts’ projections.

The S&P 500 decreased 1.2 percent to 1,375.25 at 10:35 a.m. New York time. The benchmark gauge has fallen 2.1 percent this week. The Dow Jones Industrial Average retreated 135.81 points, or 1 percent, to 13,070.78. Trading in S&P 500 companies was 4.2 percent above the 30-day average at this time of day.

“The data point to sluggish job growth, declining labor market participation and for those employed, stagnant purchasing power,” Mohamed El-Erian, the chief executive officer of Pacific Investment Management Co., said in an e-mail today. “Consumption is less dynamic at a time when headwinds from Europe and a potential fiscal cliff are still material.”

Equities fell as payrolls climbed 115,000, the smallest gain in six months. The median estimate of 85 economists surveyed by Bloomberg News called for a 160,000 advance. The jobless rate fell to a three-year low of 8.1 percent. Concern about Europe’s debt crisis also helped send stocks slower as services and manufacturing output in the euro region shrank.

More Stimulus

Some investors said the jobs report added to speculation the Federal Reserve will consider additional steps to boost the economy. The Fed may announce a third-round of asset purchases, known as quantitative easing, if economic data continues to disappoint, said Keith Wirtz, at Fifth Third Asset Management.

A measure of forecasting accuracy shows economic data have been worse than predicted. The Citigroup Economic Surprise Index was at minus 23.40. The index a year ago plunged into negative figures ahead of a soft patch in the economy that prompted the Fed, in an initiative dubbed “Operation Twist,” to replace $400 billion of short-term debt in its portfolio with longer-dated securities.

“The labor report may likely be the first beat on the drum for QE3,” Wirtz, who oversees $15 billion as chief investment officer for Fifth Third Asset Management in Cincinnati. “As we proceed into summer, watch the releases. Negative beats will lead to Fed actions before Labor Day –ironic by accident.”

Earnings Season

A 2.2 percent decline in the S&P 500 in three days has trimmed the benchmark gauge’s rally this year to 9.4 percent. Since reaching a 12-year low in March 2009, the S&P 500 has more than doubled amid government’s measures to stimulate the economy and better-than-estimated corporate earnings. About 71 percent of S&P 500 companies that reported results since the start of the earnings season have beaten projections, according to data compiled by Bloomberg.

Twenty nine out of the 30 companies in the Dow average retreated today. The Morgan Stanley Cyclical Index of companies most-dependent on economic growth lost 1.4 percent. The KBW Bank Index is slumped 1.6 percent as all of its 24 stocks declined. Bank of America dropped 3.4 percent to $7.73. Cisco Systems slipped 2.3 percent to $19.26. Alcoa Inc. (AA) sank 1.6 percent to $9.43.

LinkedIn surged 7.2 percent to $117.26. The company, whose shares have more than doubled since its initial public offering in May 2011, said membership increased to 161 million from 150 million in the fourth quarter.

Federal Reserve policy isn’t designed to prop up U.S. stock prices as many people believe, according to David Einhorn, president of Greenlight Capital LLC.

‘Fed Put’

“The real Fed put is under the bond market,” the hedge- fund manager wrote in a commentary yesterday on the Huffington Post website. He was referring to a put option, which sets an asset’s minimum price for a later sale.

Stocks and bonds have often moved in opposite directions during the past three months. The S&P 500 and a Treasury note and bond index, compiled by Bloomberg and the European Federation of Financial Analysts Societies, were used in the comparison.

“The Fed has all but guaranteed that it will do what it takes to stop bond prices from falling” by promising to keep its target interest rate near zero through 2014, according to Einhorn, based in New York.

The Bloomberg/EFFAS index was 0.2 percent higher for the year through yesterday after rebounding from losses in February and March. Those declines followed gains in January that lifted the indicator to a record.

Central bankers don’t understand investor psychology, Einhorn wrote. “If you want to get people to sell bonds and buy stocks, the best way to do that is to show them that bond prices can, and do, fall.”

http://www.bloomberg.com/news/2012-05-04/u-s-stock-futures-are-little-changed-before-jobs-report.html

April Jobs Really Tank-115k

American employers added fewer workers than forecast in April and the jobless rate unexpectedly fell as people left the labor force, adding to concern the economic expansion is cooling.

Payrolls climbed 115,000, the smallest gain in six months, after a revised 154,000 gain in March that was larger than initially estimated, Labor Department figures showed today in Washington. The median estimate of 85 economists surveyed by Bloomberg News called for a 160,000 advance. The jobless rate fell to a three-year low of 8.1 percent, and earnings stagnated.

Stocks and bond yields fell on concern a slowdown in hiring may restrain the wage growth needed to fuel consumer spending, which accounts for about 70 percent of the economy. The data support the views of Federal Reserve policy makers led by Chairman Ben S. Bernanke, who say low interest rates are needed at least through late 2014 to boost the labor market.

“We’re still very much on the recovery path, but we’ve got a huge amount of ground to make up in the labor market,” said Scott Brown, chief economist at Raymond James & Associates Inc. in St. Petersburg, Florida, who accurately forecast the unemployment rate. Today’s report “is not really enough to push the Fed one way or the other.”

The Standard & Poor’s 500 Index declined 0.7 percent to 1,382.07 at 9:38 a.m. in New York. The yield on the 10-year Treasury note fell to 1.90 percent from 1.93 percent late yesterday.

Private Payrolls

Private payrolls, which exclude government agencies, rose 130,000 after a revised gain of 166,000. They were projected to rise by 165,000, the survey showed.

Factory payrolls increased by 16,000, the smallest in five months and less than the survey forecast of a 20,000 increase.

Employment at service-providers increased 101,000 in April, the smallest gain since August. Construction companies cut 2,000 jobs and retailers added 29,300 employees.

The last two months may reflect a weather-related payback. Hiring probably eased following warmer-than-usual weather that pulled forward some workforce additions into the early months of the year.

“The weather was mild in January and February, and it’s very possible that hiring was pulled forward,” said Christophe Barraud, an economist and strategist at Market Securities Paris LLP, who correctly forecast the payrolls figure. “This report is not good, but we have to wait for the next one to see if the real trend is actually decelerating.”

Government payrolls decreased by 15,000. State and local governments employment dropped by 11,000.

Small Businesses

Evan Christou, owner of Tops American Grill, Bakery & Bar in Schenectady, New York, said at this time he has no plans to add to his staff of 42 employees. His sales were up about 6 percent earlier this year before dropping off when gas prices went up. He said he would need to see a significant increase in sales for a sustained period before hiring more workers.

“We’re kind of consolidating and multi-tasking,” said Christou, 49. “In this market, it’s pretty much a wait-and-see attitude.”

Average hourly earnings were essentially unchanged, the weakest since August, at $23.38, today’s report showed. Compared with April of last year, earnings climbed 1.8 percent, matching January as the smallest in a year.

The average work week for all workers held at 34.5.

The so-called underemployment rate — which includes part- time workers who’d prefer a full-time position and people who want work but have given up looking — held at 14.5 percent.

Long-Term Unemployed

The report also showed a drop in long-term unemployed Americans. The number of people unemployed for 27 weeks or more decreased as a percentage of all jobless, to 41.3 percent.

The number of temporary workers increased 21,100. Payroll at temporary-help agencies often slow as companies seeing a steady increase in demand take on permanent staff.

Faster economic growth would help lay the groundwork for more hiring. The economy expanded at a 2.2 percent annual rate in the first quarter after a 3 percent pace the prior three months, the Commerce Department reported last week. Consumer spending grew 2.9 percent, the most in more than a year.

Chrysler Group LLC, the automaker controlled by Fiat SpA, said it will accelerate the addition of 1,100 jobs and a third crew of workers by hiring them in November, pulling ahead plans for increasing production in early 2013. Earlier this week, it also said four plants will skip normally scheduled two-week midyear shutdowns to meet increased demand.

Forecast Raised

General Motors Co. (GM), the top-selling automaker in the U.S., raised its forecast for full-year U.S. light-vehicle sales.

“Over time, we believe that strength in the manufacturing sector and strong retail sales will continue to lead to more job creation,” Don Johnson, vice president of U.S. sales at GM, said on a May 1 conference call with analysts. “That’s going to help more consumers put the recession behind them, gaining even more confidence and drive vehicle sales higher.”

The improvement in the U.S. contrasts with some of the other major economies. Joblessness in the 17-nation euro area increased to 10.9 percent in March, the highest since April 1997, from 10.8 percent a month earlier, data showed this week.

United Parcel Service Inc. (UPS), the world’s largest package- delivery company, is among firms taking note.

“During the quarter, the most positive news has come from the U.S. where indications of economic rebound are evident,” Scott Davis, chief executive officer of UPS, said on an April 26 conference call. “Retail sales have grown faster than expected and the employment environment has improved. On the other hand, economies in other parts of the world continue to face challenges.”

Cost Cutting

At the same time, cost-cutting is prompting reductions at some companies. H&R Block Inc. (HRB), the biggest U.S. tax preparer, plans to reduce 350 jobs and close about 200 company-owned offices. AMR Corp.’s American Airlines this month said it will eliminate 1,200 airport agent, baggage and cargo jobs as part of a bankruptcy restructuring plan to trim annual labor spending.

“Labor market conditions have improved in recent months; the unemployment rate has declined but remains elevated,” Fed policy makers said in an April 25 statement. The group “expects economic growth to remain moderate over coming quarters and then to pick up gradually,” and “anticipates that the unemployment rate will decline gradually.”

The central bankers last month repeated their plan to hold borrowing costs low through late 2014 to spur growth.

Fed officials also cut forecasts for the jobless rate, to an average 7.8 percent to 8 percent in the fourth quarter from a January projection of 8.2 percent to 8.5 percent, according to central tendency estimates released April 25.

http://www.bloomberg.com/news/2012-05-04/payrolls-in-u-s-rose-115-000-in-april-jobless-rate-at-8-1-.html

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One Response to American Markets-Leading News

  1. vino says:

    635k job loss… jobs report was bogus
    NFP: +115k, Unemployment 8.1%. Actual # After Bogus Adjustments: -635k

    NFP +115k on expectations of 160k
    Official Unemployment Rate 8.1%
    522k people drop out of workforce (don’t count in unemployment stats any longer)
    +206k from business birth/ death model
    +22k from seasonal adjustment
    Actual number after removing bogus adjustments= -635,000
    Gold & silver spiking after pre-report raid
    The statistical lies have reached spiritual proportions. 206,000 Americans started their own business in April after being laid off? Is that some sort of delayed April fool’s joke?

    As Zerohedge has pointed out, the St. Louis Fed’s chart of people it no longer counts as in the workforce (either discouraged and no longer applying for a minimum of 4 jobs/week, or else still unemployed after 104 weeks) is now LITERALLY off the chart:

    http://www.silverdoctors.com/nfp-115k-unemployment-8-1/

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