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Buck eighty drop in the last minute.
What a buncha wusses bailing instead of holding overnight. (g)
Congrats
Good plan.
I don't either
I see gold trying desperately to get back on course. It has come down over $15 in the last two hours. If it continues at the same rate, it will be back to mid $1130's by the end of the gold trading day.
Tomorrow will probably continue the decline. Rud-azz Russkies. (g)
Gold looking like it wants to get back on track.
And back on schedule.
And it, apparently, doesn't appreciate that rude intrusion by the Russkies. (g)
I'll be holding my final JDST position for a few days maybe.
OK Folks. Lunch break is over.
Gold has resumed the downtrend previously in place.
Entire county board arrested following citizens arrest by 2 military veterans
1
illinois, county board members arrested,
Clark County, Illinois — Sometimes citizens can be so frustrated with county board members they wish someone could just place them under arrest. Well, that is exactly what citizens in Clark County, Illinois did .
Illinois’ number one manufactured product is corruption. More than 95 percent of the Illinois legislature is safe in gerrymandered districts. The incumbent governor has three current federal investigations of his administration, but the Attorney General/state’s attorney class can’t find public vice anywhere.
Residents that voted in the recent election said they are hoping officials have learned from the past mistakes of others.
So what can the law abiding citizen do? The answer is coming from some regular guys in southern Illinois who decided to hold public officials accountable. They call themselves the “Watchdogs.”
Kirk Allen and John Kraft — two military veterans — live in Edgar County which just might be the most corrupt county in the country. For a couple of watchdogs, it’s a target rich environment.
In an effort to take back their government from self-serving politicians and bureaucrats, Kraft and Allen established a group called the Edgar County Watchdogs. Through a combination of public pressure, Freedom of Information filings, lawsuits, and media exposure, they have created a system that deeply threatens Illinois’ corrupt, entrenched political establishment. They operate a blog called Illinois Leaks that exposes corruption at the state and local levels. The blog is so popular that, it is trusted more than the local paper.
Considering the fact that, according to Forbes, their home county’s government has racked up over $79 million in debt all on its own while serving only 18,000 residents, Kraft and Allen have their work cut out for them.
By relentlessly pursuing justice for even the smallest infractions by bureaucrats and politicians, the Edgar County Watchdogs have driven 102 public officials to resign from their posts, including 33 officials in Edgar County alone. The pair busted the mayor of Redmond for attempting to hold office while living out of town. They represented themselves in court and beat Illinois Assistant Attorney General Emma Steimel in a lawsuit seeking access to state e-mails. Officials who have resigned due to the Watchdogs’ efforts include a property tax assessor, the Edgar County board chairman, an entire airport board and its manager, the attorney for Kansas Township’s fire department, Shiloh’s superintendent of schools, and Effingham’s health department administrator, among others. After they exposed corrupt, illegal, and self-serving spending habits by the Ford-Iroquois County health department, the entire bureaucracy was dissolved. In some cases, federal agents have even stepped in to investigate and issue subpoenas to local officials after receiving tips from Kraft and Allen.
Public boards are used to facing angry crowds, but most have never encountered what happened at one recent meeting in central Illinois.
In what was one of their most epic displays of political crime-fighting, which was captured on video, Allen and Kraft held the entire Clark County Park District Board under citizen’s arrest on May 13, 2014, for violating the Illinois Open Meetings Act, a Class C misdemeanor.
When asked if there would be public comment, one of the board members said, “I vote no.” Followed by five other board members.
Board attorney, Kate Yargus, could be heard on video saying there would be no public comment that night, and told the board members they were “free to go,” even after Kraft’s citizen’s arrest announcement. She tried to cite statute to Kraft, but before she could finish, he said, “Just sit down, you are making yourself look like a fool.”
Deputies were dispatched to the scene, but instead, Clark County Sheriff, Jerry Parsley, personally responded that night. Parsley said he knew it was a heated situation and felt it would be best if he handled it. He said that Kraft handled the citizen’s arrest responsibly, and the board was definitely in violation of the Open Meetings Act by not allowing the public to speak.
“It’s not that they should have. They’re mandated to,” Parsley said. “The people need to have their voice. It’s not a dictatorship. It’s a democracy.”
The sheriff arrested six of the board members. The seventh board member was not arrested because he voted against the other members. As they were escorted out of the building, the crowd cheered.
The board had previously laughed at the watchdog group, calling them trouble makers; however, the Sheriff and the State Attorney’s Office didn’t see it that way.
Kraft said, “Every citizen, in every state, county, and city, should take note. Make sure their local government officials are working for the people, and not for themselves.”
A lawsuit against the board is still pending. Their nest board meeting is scheduled for late November.
–Barry Donegan, Adam Andrzejewski, and the Better Government Association contributed to this story.–
http://www.ocalapost.com/entire-county-board-arrested-following-citizens-arrest-by-2-military-veterans/
Trying to catch gold here
Will get you bonked on the head with a falling gold bar.
Sold 1/2 JDST @ $28.37
Letting the rest run.
1/2 JDST sell filled @ $28.37 for a 2 bucker
Letting the rest run.
GTC in for 1/2 of JDST @ $28.36
Daytrade
I will jump out when gold turns.
JDST giving me whiplash. (g)
In JDST @ $26.34
In JDST @ $26.34
Gold Declines in London After Biggest Advance Since June
By Nicholas Larkin and Glenys Sim Nov 10, 2014 5:12 AM ET - Comments Email Print
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Gold fell in London, after climbing the most in more than four months, on expectations that U.S. borrowing costs will increase as the economy strengthens.
Bullion rose 3.2 percent on Nov. 7, the most since June 19, as a report showed U.S. employers added 214,000 workers in October, missing the 235,000 gain expected by economists. The Bloomberg Dollar Spot Index fell from a five-year high after the data. The increase in hiring last month followed a 256,000 advance that was larger than first estimated.
Gold had slipped to a four-year low before the employment data as the stronger dollar and expectations that the Federal Reserve will raise interest rates as the economy improves cut demand for a haven. Investors are holding the least through bullion-backed funds since 2009 and hedge funds and other money managers have reduced bullish wagers.
“Everyone was looking for better figures to cement the concept of the U.S. economy powering ahead,” David Govett, head of precious metals at Marex Spectron Group in London, said in a note. “The dollar was also overly long and it dropped away as well, which added fuel to the fire. The market will remain under pressure as long as the dollar stays relatively strong and the U.S. economy continues its upward trajectory.”
Gold for immediate delivery fell 0.5 percent to $1,172.41 an ounce by 9:52 a.m. in London, according to Bloomberg generic pricing. It reached $1,132.16 on Nov. 7, the lowest since April 2010, before rebounding to a one-week high of $1,178.82. Gold for December delivery added 0.2 percent to $1,171.60 on the Comex in New York.
Trading Volume
Futures trading volume was double the average for the past 100 days for this time of day, data compiled by Bloomberg show.
UBS cut its one-month target for gold to $1,180 an ounce from $1,250 previously, while keeping its three-month forecast at $1,200, the bank said today in an e-mailed statement.
Holdings in gold-backed exchange-traded products declined 8 metric tons to 1,626.8 tons on Nov. 7, the lowest since August 2009, data compiled by Bloomberg show. Hedge funds cut their net-long position in U.S. futures and options by 36 percent in the week ended Nov. 4, the most this year, government data show.
“Despite the U.S. labor market improving less than expected in October, expectations have generally increased over the last few months that the Federal Reserve will lift interest rates,” Lachlan Shaw, an analyst at Commonwealth Bank of Australia, wrote in an e-mail today. “We find it difficult to see gold prices finding sustainable support in the near term as investment demand falls.”
Silver for immediate delivery fell 0.6 percent to $15.6919 an ounce in London. It advanced 2.4 percent on Nov. 7, the most in a month, rebounding from the lowest since 2010. Platinum slipped 0.4 percent to $1,212.25 an ounce. Palladium lost 0.3 percent to $771.26 an ounce. It climbed 3 percent on Nov. 7, the most since March.
To contact the reporters on this story: Nicholas Larkin in London at nlarkin1@bloomberg.net; Glenys Sim in Singapore at gsim4@bloomberg.net
To contact the editors responsible for this story: Lynn Thomasson at lthomasson@bloomberg.net John Deane, Nicholas Larkin
Gold Declines in London After Biggest Advance Since June
By Nicholas Larkin and Glenys Sim Nov 10, 2014 5:12 AM ET - Comments
Gold fell in London, after climbing the most in more than four months, on expectations that U.S. borrowing costs will increase as the economy strengthens.
Bullion rose 3.2 percent on Nov. 7, the most since June 19, as a report showed U.S. employers added 214,000 workers in October, missing the 235,000 gain expected by economists. The Bloomberg Dollar Spot Index fell from a five-year high after the data. The increase in hiring last month followed a 256,000 advance that was larger than first estimated.
Gold had slipped to a four-year low before the employment data as the stronger dollar and expectations that the Federal Reserve will raise interest rates as the economy improves cut demand for a haven. Investors are holding the least through bullion-backed funds since 2009 and hedge funds and other money managers have reduced bullish wagers.
“Everyone was looking for better figures to cement the concept of the U.S. economy powering ahead,” David Govett, head of precious metals at Marex Spectron Group in London, said in a note. “The dollar was also overly long and it dropped away as well, which added fuel to the fire. The market will remain under pressure as long as the dollar stays relatively strong and the U.S. economy continues its upward trajectory.”
Gold for immediate delivery fell 0.5 percent to $1,172.41 an ounce by 9:52 a.m. in London, according to Bloomberg generic pricing. It reached $1,132.16 on Nov. 7, the lowest since April 2010, before rebounding to a one-week high of $1,178.82. Gold for December delivery added 0.2 percent to $1,171.60 on the Comex in New York.
Trading Volume
Futures trading volume was double the average for the past 100 days for this time of day, data compiled by Bloomberg show.
UBS cut its one-month target for gold to $1,180 an ounce from $1,250 previously, while keeping its three-month forecast at $1,200, the bank said today in an e-mailed statement.
Holdings in gold-backed exchange-traded products declined 8 metric tons to 1,626.8 tons on Nov. 7, the lowest since August 2009, data compiled by Bloomberg show. Hedge funds cut their net-long position in U.S. futures and options by 36 percent in the week ended Nov. 4, the most this year, government data show.
“Despite the U.S. labor market improving less than expected in October, expectations have generally increased over the last few months that the Federal Reserve will lift interest rates,” Lachlan Shaw, an analyst at Commonwealth Bank of Australia, wrote in an e-mail today. “We find it difficult to see gold prices finding sustainable support in the near term as investment demand falls.”
Silver for immediate delivery fell 0.6 percent to $15.6919 an ounce in London. It advanced 2.4 percent on Nov. 7, the most in a month, rebounding from the lowest since 2010. Platinum slipped 0.4 percent to $1,212.25 an ounce. Palladium lost 0.3 percent to $771.26 an ounce. It climbed 3 percent on Nov. 7, the most since March.
To contact the reporters on this story: Nicholas Larkin in London at nlarkin1@bloomberg.net; Glenys Sim in Singapore at gsim4@bloomberg.net
To contact the editors responsible for this story: Lynn Thomasson at lthomasson@bloomberg.net John Deane, Nicholas Larkin
Russia's Currency Tumbles as Investors Panic
ABC News By Kirit Radia
November 7, 2014 1:33 PM
MOSCOW - Russia's currency suffered its worst week since the financial crisis of the 1990s destroyed the country's economy, dropping over 10% in just the last couple days.
With Russia teetering on the brink of recession and buffeted by fleeing investors, plummeting oil prices, costly adventures in Crimea and Ukraine, and the resulting Western sanctions, the ruble hit an historic low of 48.60 rubles to the U.S. dollar this morning.
It recovered slightly this afternoon after Russia's Central Bank pledged to intervene, though it remains unclear how much it will do and whether it will just seek to maintain the ruble at the current level or try to bring it back down.
The ruble began the year at around 32 rubles to the dollar, but began to decline amid Russia's foundering economy and conflicts next door. The trend picked up in September and accelerated again in October.
A 300 ruble lunch, for example, that would have cost $9.37 in January, and $7.12 last week, would be just $6.18 this morning.
The decline has contributed to inflation in Russia, which had already accelerated after Russia banned certain foods from Europe and the United States in response to Western sanctions. Food prices in particular have shot up, affecting many Russians with low or fixed incomes in President Vladimir Putin's political base.
The Central Bank had been trying to walk away from its longstanding policy of unlimited interventions to support the ruble. At one point last month it was spending around $2 billion each day to prop up the currency.
But after the bank announced plans to abandon that approach this week, the floodgates opened. Russian media reported many Russians raced to convert their savings into foreign currencies, further driving down the ruble's value. According to some reports, dollars and euros are in short supply in Moscow.
Oil prices have been one of the biggest factors in the ruble's decline. Russia's benchmark Urals crude oil blend has declined by about 25% since June to just over $80 a barrel. Russia relies heavily on oil revenues to fund much of its budget, which anticipated oil prices at $114 per barrel.
The declining ruble, however, may offset some of that lost revenue as the oil is sold in US dollars. When converted back into rubles at the lower exchange rate, it will provide more rubles to cover the budget and help fund some of Putin's ambitious campaign promises, which include increased wages.
Arctic Blast via Polar Vortex to Chill 42 US States
http://www.accuweather.com/en/weather-news/polar-vortex-42-states/37049255
Only the Southwest, Hawaii, Alaska and South Florida will escape the grip of the upcoming arctic blast that the polar vortex can be blamed for.
I don't believe that
I see the Russkies moving into the Ukraine and the gold price skyrockets in response. Gold was on the way to sub $1000. This bounce is news related and has nothing to do with charts or anything else.
To analyze the news as a motivator, there is and was no follow up. I mean that there were no major battles and no further escalation of the crisis. No real harm and no real foul. That being said, the underlying trend in the gold market will return soon.
Who knows? Russia owns gold and exports oil and they are getting killed in the market. Russia has a major gold holding that anchors a big portion of their business.
Are they willing to force us into WW3 just to stop the financial bleeding?
You folks need to pull your faces out of the charts
And read the news.
This is what yesterday was ALL about. Gold will, most likely, return to its descent.
Ukraine: Russian Tanks Roll In
8:45 AM, NOV 7, 2014 • BY GEOFFREY NORMAN
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The shaky cease-fire in Ukraine may be falling completely apart. Reuters is reporting that:
A column of 32 tanks, 16 howitzer artillery systems and trucks carrying ammunition and fighters has crossed into eastern Ukraine from Russia, the Kiev military said on Friday.
"The deployment continues of military equipment and Russian mercenaries to the front lines," spokesman Andriy Lysenko said in a televised briefing referring to Thursday's cross-border incursion.
The report of a new Russian movement of armor across the border follows a charge on Thursday by pro-Russian rebels in eastern Ukraine that Kiev government forces had launched a new offensive - which Kiev immediately denied.
Some 4,000 people have been killed in the fighting. The cease fire has been in effect for two months but:
... has looked particularly fragile this week, with separatists and the central government accusing each other of violations after separatist leaders held elections in self-proclaimed 'people's republics' last Sunday
JDST was on a tear at the close.
JNUG is trading solid @ $3.40 in AH.
Gold is up 'cause the Russkies moved tanks into the Ukraine
Most likely, gold will settle over the weekend.
Zeev never cried over money left on the table
Plan the trade. Trade the plan.
Again I left a buncha money on the table. (g)
That trade was a milestone
Ameritrade says it was 20.2% but the milestone was it took me over 100% on the portfolio YTD. Yes it is nice to be back trading. Couple more years and I can retire again. (g)
Out of JNUG @ $4.10
KIEV/MOSCOW (Reuters) - Ukraine's military accused Russia on Friday of sending a column of 32 tanks and truckloads of troops into the country's east to support pro-Russian separatists fighting government forces.
Thursday's cross-border incursion, if confirmed, is a significant escalation of a conflict that has killed more than 4,000 people since the separatists rose up in mid-April and would call into question Russia's commitment to a two-month-old ceasefire deal.
The truce has looked particularly fragile this week, with each side accusing the other of violations after separatist elections last Sunday condemned as illegitimate by the West.
"Supplies of military equipment and enemy fighters from the Russian Federation are continuing," military spokesman Andriy Lysenko told a briefing in Kiev, describing a column that included 16 big artillery guns and 30 trucks carrying troops and ammunition as well as 32 tanks.
He said five Ukrainian soldiers had been killed in the past 24 hours although Kiev has denied rebel charges of launching a new military offensive.
Russian President Vladimir Putin summoned security chiefs on Thursday to discuss the deteriorating situation but announced no new moves afterwards.
Although Russia blames the crisis on Kiev and the West, NATO says it has overwhelming evidence that Russia has aided the rebels militarily in the conflict and it has left Moscow's relations with the West at their lowest ebb since the Cold War.
View galleryPro-Russian separatists stand in formation in front …
FILE: Pro-Russian separatists stand in formation in front of a Soviet World War Two T-34 tank, as th …
A NATO military officer said on Friday the alliance had seen an increase in Russian troops and equipment along the border and was looking into reports of Russian tanks crossing into eastern Ukraine.
"If this crossing into Ukraine is confirmed it would be further evidence of Russia's aggression and direct involvement in destabilizing Ukraine," he said.
Russia denies arming the rebels but the ceasefire deal reached in the Belarussian capital, Minsk, now looks in tatters.
"The President noted a significant deviation from the implementation of the Minsk protocol, which is leading to further escalation of the conflict," a statement on the Ukrainian presidential website said after President Petro Poroshenko spoke to German Chancellor Angela Merkel by phone.
Although Russia did not respond to Kiev's latest accusations, it said it still supported the ceasefire deal.
"We support the continuation of the Minsk process and advocate holding another meeting of the Contact Group (of negotiators)," Kremlin foreign policy adviser Yuri Ushakov said. "But not everything depends on us. There are a lot of factors."
RISING TENSIONS
View galleryPutin speaks during a meeting of the Security Coun …
Russia's President Vladimir Putin (R-L) speaks with Prime Minister Dmitry Medvedev, Russia's State D …
Russia denies direct involvement in the conflict but stoked tensions by annexing the Crimean peninsula in March after the overthrow of a Moscow-backed president in Kiev.
The rebels rose up weeks later in the mainly Russian-speaking east and Western governments have imposed sanctions which have aggravated an economic downturn in Russia, whose rouble currency is in sharp decline.
The increase in tensions stems from Sunday's leadership elections in the Donetsk and Luhansk "people's republics", which the West and Kiev say violated the Minsk agreements.
The Ukrainian government responded by revoking a law that would have granted the rebel-held eastern regions much more autonomy and would have provided them with cash.
With tension rising and Western pressure mounting on Russia not to recognize the separatist votes, Ushakov reiterated that Moscow respects the will of the voters but stopped short of using the word "recognize" for the votes.
"These are different words," he said. "The word 'respect' was chosen deliberately."
His words could be intended to appease the West, which has threatened to impose new sanctions if the crisis persists.
Some Western leaders fear Putin wants to create a "frozen conflict" in east Ukraine which would end Kiev's ability to control affairs there and allow Moscow to maintain influence as well as complicating Kiev's efforts to join mainstream Europe.
Putin has not commented on the separatist votes, held one week after a parliamentary election in other parts of Ukraine which cemented Poroshenko's grip on power by increasing support for him in the assembly.
Despite the tensions over Ukraine, the Russian leader will attend two summits in Asia in the next 10 days which offer a chance for talks on the crisis.
Ushakov said Putin would hold face-to-face talks with British Prime Minister David Cameron and French President Francois Hollande during a G20 summit in Brisbane on Nov. 15-16.
Putin will also meet International Monetary Fund chief Christine Lagarde and Japanese Prime Minister Shinzo Abe during an Asia-Pacific summit in Beijing on Nov. 10-11.
U.S. Secretary of State John Kerry and Russian Foreign Minister Sergei Lavrov will also meet in Beijing on Saturday, before the summit starts. No talks are scheduled between Putin and U.S. President Barack Obama although Washington and the Kremlin have not ruled out an informal conversation on the summit sidelines.
(Additional reporting by Alessandra Prentice and Richard Balmforth in Kiev and by Katya Golubkova and Timothy Heritage in Moscow; writing by Timothy Heritage)
WAIT!!!!
KIEV/MOSCOW (Reuters) - Ukraine's military accused Russia on Friday of sending a column of 32 tanks and truckloads of troops into the country's east to support pro-Russian separatists fighting government forces.
Thursday's cross-border incursion, if confirmed, is a significant escalation of a conflict that has killed more than 4,000 people since the separatists rose up in mid-April and would call into question Russia's commitment to a two-month-old ceasefire deal.
The truce has looked particularly fragile this week, with each side accusing the other of violations after separatist elections last Sunday condemned as illegitimate by the West.
"Supplies of military equipment and enemy fighters from the Russian Federation are continuing," military spokesman Andriy Lysenko told a briefing in Kiev, describing a column that included 16 big artillery guns and 30 trucks carrying troops and ammunition as well as 32 tanks.
He said five Ukrainian soldiers had been killed in the past 24 hours although Kiev has denied rebel charges of launching a new military offensive.
Russian President Vladimir Putin summoned security chiefs on Thursday to discuss the deteriorating situation but announced no new moves afterwards.
Although Russia blames the crisis on Kiev and the West, NATO says it has overwhelming evidence that Russia has aided the rebels militarily in the conflict and it has left Moscow's relations with the West at their lowest ebb since the Cold War.
View galleryPro-Russian separatists stand in formation in front …
FILE: Pro-Russian separatists stand in formation in front of a Soviet World War Two T-34 tank, as th …
A NATO military officer said on Friday the alliance had seen an increase in Russian troops and equipment along the border and was looking into reports of Russian tanks crossing into eastern Ukraine.
"If this crossing into Ukraine is confirmed it would be further evidence of Russia's aggression and direct involvement in destabilizing Ukraine," he said.
Russia denies arming the rebels but the ceasefire deal reached in the Belarussian capital, Minsk, now looks in tatters.
"The President noted a significant deviation from the implementation of the Minsk protocol, which is leading to further escalation of the conflict," a statement on the Ukrainian presidential website said after President Petro Poroshenko spoke to German Chancellor Angela Merkel by phone.
Although Russia did not respond to Kiev's latest accusations, it said it still supported the ceasefire deal.
"We support the continuation of the Minsk process and advocate holding another meeting of the Contact Group (of negotiators)," Kremlin foreign policy adviser Yuri Ushakov said. "But not everything depends on us. There are a lot of factors."
RISING TENSIONS
View galleryPutin speaks during a meeting of the Security Coun …
Russia's President Vladimir Putin (R-L) speaks with Prime Minister Dmitry Medvedev, Russia's State D …
Russia denies direct involvement in the conflict but stoked tensions by annexing the Crimean peninsula in March after the overthrow of a Moscow-backed president in Kiev.
The rebels rose up weeks later in the mainly Russian-speaking east and Western governments have imposed sanctions which have aggravated an economic downturn in Russia, whose rouble currency is in sharp decline.
The increase in tensions stems from Sunday's leadership elections in the Donetsk and Luhansk "people's republics", which the West and Kiev say violated the Minsk agreements.
The Ukrainian government responded by revoking a law that would have granted the rebel-held eastern regions much more autonomy and would have provided them with cash.
With tension rising and Western pressure mounting on Russia not to recognize the separatist votes, Ushakov reiterated that Moscow respects the will of the voters but stopped short of using the word "recognize" for the votes.
"These are different words," he said. "The word 'respect' was chosen deliberately."
His words could be intended to appease the West, which has threatened to impose new sanctions if the crisis persists.
Some Western leaders fear Putin wants to create a "frozen conflict" in east Ukraine which would end Kiev's ability to control affairs there and allow Moscow to maintain influence as well as complicating Kiev's efforts to join mainstream Europe.
Putin has not commented on the separatist votes, held one week after a parliamentary election in other parts of Ukraine which cemented Poroshenko's grip on power by increasing support for him in the assembly.
Despite the tensions over Ukraine, the Russian leader will attend two summits in Asia in the next 10 days which offer a chance for talks on the crisis.
Ushakov said Putin would hold face-to-face talks with British Prime Minister David Cameron and French President Francois Hollande during a G20 summit in Brisbane on Nov. 15-16.
Putin will also meet International Monetary Fund chief Christine Lagarde and Japanese Prime Minister Shinzo Abe during an Asia-Pacific summit in Beijing on Nov. 10-11.
U.S. Secretary of State John Kerry and Russian Foreign Minister Sergei Lavrov will also meet in Beijing on Saturday, before the summit starts. No talks are scheduled between Putin and U.S. President Barack Obama although Washington and the Kremlin have not ruled out an informal conversation on the summit sidelines.
(Additional reporting by Alessandra Prentice and Richard Balmforth in Kiev and by Katya Golubkova and Timothy Heritage in Moscow; writing by Timothy Heritage)
Gold up $23.70. Russia moves tanks into Ukraine
KIEV/MOSCOW (Reuters) - Ukraine's military accused Russia on Friday of sending a column of 32 tanks and truckloads of troops into the country's east to support pro-Russian separatists fighting government forces.
Thursday's cross-border incursion, if confirmed, is a significant escalation of a conflict that has killed more than 4,000 people since the separatists rose up in mid-April and would call into question Russia's commitment to a two-month-old ceasefire deal.
The truce has looked particularly fragile this week, with each side accusing the other of violations after separatist elections last Sunday condemned as illegitimate by the West.
"Supplies of military equipment and enemy fighters from the Russian Federation are continuing," military spokesman Andriy Lysenko told a briefing in Kiev, describing a column that included 16 big artillery guns and 30 trucks carrying troops and ammunition as well as 32 tanks.
He said five Ukrainian soldiers had been killed in the past 24 hours although Kiev has denied rebel charges of launching a new military offensive.
Russian President Vladimir Putin summoned security chiefs on Thursday to discuss the deteriorating situation but announced no new moves afterwards.
Although Russia blames the crisis on Kiev and the West, NATO says it has overwhelming evidence that Russia has aided the rebels militarily in the conflict and it has left Moscow's relations with the West at their lowest ebb since the Cold War.
View galleryPro-Russian separatists stand in formation in front …
FILE: Pro-Russian separatists stand in formation in front of a Soviet World War Two T-34 tank, as th …
A NATO military officer said on Friday the alliance had seen an increase in Russian troops and equipment along the border and was looking into reports of Russian tanks crossing into eastern Ukraine.
"If this crossing into Ukraine is confirmed it would be further evidence of Russia's aggression and direct involvement in destabilizing Ukraine," he said.
Russia denies arming the rebels but the ceasefire deal reached in the Belarussian capital, Minsk, now looks in tatters.
"The President noted a significant deviation from the implementation of the Minsk protocol, which is leading to further escalation of the conflict," a statement on the Ukrainian presidential website said after President Petro Poroshenko spoke to German Chancellor Angela Merkel by phone.
Although Russia did not respond to Kiev's latest accusations, it said it still supported the ceasefire deal.
"We support the continuation of the Minsk process and advocate holding another meeting of the Contact Group (of negotiators)," Kremlin foreign policy adviser Yuri Ushakov said. "But not everything depends on us. There are a lot of factors."
RISING TENSIONS
View galleryPutin speaks during a meeting of the Security Coun …
Russia's President Vladimir Putin (R-L) speaks with Prime Minister Dmitry Medvedev, Russia's State D …
Russia denies direct involvement in the conflict but stoked tensions by annexing the Crimean peninsula in March after the overthrow of a Moscow-backed president in Kiev.
The rebels rose up weeks later in the mainly Russian-speaking east and Western governments have imposed sanctions which have aggravated an economic downturn in Russia, whose rouble currency is in sharp decline.
The increase in tensions stems from Sunday's leadership elections in the Donetsk and Luhansk "people's republics", which the West and Kiev say violated the Minsk agreements.
The Ukrainian government responded by revoking a law that would have granted the rebel-held eastern regions much more autonomy and would have provided them with cash.
With tension rising and Western pressure mounting on Russia not to recognize the separatist votes, Ushakov reiterated that Moscow respects the will of the voters but stopped short of using the word "recognize" for the votes.
"These are different words," he said. "The word 'respect' was chosen deliberately."
His words could be intended to appease the West, which has threatened to impose new sanctions if the crisis persists.
Some Western leaders fear Putin wants to create a "frozen conflict" in east Ukraine which would end Kiev's ability to control affairs there and allow Moscow to maintain influence as well as complicating Kiev's efforts to join mainstream Europe.
Putin has not commented on the separatist votes, held one week after a parliamentary election in other parts of Ukraine which cemented Poroshenko's grip on power by increasing support for him in the assembly.
Despite the tensions over Ukraine, the Russian leader will attend two summits in Asia in the next 10 days which offer a chance for talks on the crisis.
Ushakov said Putin would hold face-to-face talks with British Prime Minister David Cameron and French President Francois Hollande during a G20 summit in Brisbane on Nov. 15-16.
Putin will also meet International Monetary Fund chief Christine Lagarde and Japanese Prime Minister Shinzo Abe during an Asia-Pacific summit in Beijing on Nov. 10-11.
U.S. Secretary of State John Kerry and Russian Foreign Minister Sergei Lavrov will also meet in Beijing on Saturday, before the summit starts. No talks are scheduled between Putin and U.S. President Barack Obama although Washington and the Kremlin have not ruled out an informal conversation on the summit sidelines.
(Additional reporting by Alessandra Prentice and Richard Balmforth in Kiev and by Katya Golubkova and Timothy Heritage in Moscow; writing by Timothy Heritage)
KIEV/MOSCOW (Reuters) - Ukraine's military accused Russia on Friday of sending a column of 32 tanks and truckloads of troops into the country's east to support pro-Russian separatists fighting government forces.
Thursday's cross-border incursion, if confirmed, is a significant escalation of a conflict that has killed more than 4,000 people since the separatists rose up in mid-April and would call into question Russia's commitment to a two-month-old ceasefire deal.
The truce has looked particularly fragile this week, with each side accusing the other of violations after separatist elections last Sunday condemned as illegitimate by the West.
"Supplies of military equipment and enemy fighters from the Russian Federation are continuing," military spokesman Andriy Lysenko told a briefing in Kiev, describing a column that included 16 big artillery guns and 30 trucks carrying troops and ammunition as well as 32 tanks.
He said five Ukrainian soldiers had been killed in the past 24 hours although Kiev has denied rebel charges of launching a new military offensive.
Russian President Vladimir Putin summoned security chiefs on Thursday to discuss the deteriorating situation but announced no new moves afterwards.
Although Russia blames the crisis on Kiev and the West, NATO says it has overwhelming evidence that Russia has aided the rebels militarily in the conflict and it has left Moscow's relations with the West at their lowest ebb since the Cold War.
View galleryPro-Russian separatists stand in formation in front …
FILE: Pro-Russian separatists stand in formation in front of a Soviet World War Two T-34 tank, as th …
A NATO military officer said on Friday the alliance had seen an increase in Russian troops and equipment along the border and was looking into reports of Russian tanks crossing into eastern Ukraine.
"If this crossing into Ukraine is confirmed it would be further evidence of Russia's aggression and direct involvement in destabilizing Ukraine," he said.
Russia denies arming the rebels but the ceasefire deal reached in the Belarussian capital, Minsk, now looks in tatters.
"The President noted a significant deviation from the implementation of the Minsk protocol, which is leading to further escalation of the conflict," a statement on the Ukrainian presidential website said after President Petro Poroshenko spoke to German Chancellor Angela Merkel by phone.
Although Russia did not respond to Kiev's latest accusations, it said it still supported the ceasefire deal.
"We support the continuation of the Minsk process and advocate holding another meeting of the Contact Group (of negotiators)," Kremlin foreign policy adviser Yuri Ushakov said. "But not everything depends on us. There are a lot of factors."
RISING TENSIONS
View galleryPutin speaks during a meeting of the Security Coun …
Russia's President Vladimir Putin (R-L) speaks with Prime Minister Dmitry Medvedev, Russia's State D …
Russia denies direct involvement in the conflict but stoked tensions by annexing the Crimean peninsula in March after the overthrow of a Moscow-backed president in Kiev.
The rebels rose up weeks later in the mainly Russian-speaking east and Western governments have imposed sanctions which have aggravated an economic downturn in Russia, whose rouble currency is in sharp decline.
The increase in tensions stems from Sunday's leadership elections in the Donetsk and Luhansk "people's republics", which the West and Kiev say violated the Minsk agreements.
The Ukrainian government responded by revoking a law that would have granted the rebel-held eastern regions much more autonomy and would have provided them with cash.
With tension rising and Western pressure mounting on Russia not to recognize the separatist votes, Ushakov reiterated that Moscow respects the will of the voters but stopped short of using the word "recognize" for the votes.
"These are different words," he said. "The word 'respect' was chosen deliberately."
His words could be intended to appease the West, which has threatened to impose new sanctions if the crisis persists.
Some Western leaders fear Putin wants to create a "frozen conflict" in east Ukraine which would end Kiev's ability to control affairs there and allow Moscow to maintain influence as well as complicating Kiev's efforts to join mainstream Europe.
Putin has not commented on the separatist votes, held one week after a parliamentary election in other parts of Ukraine which cemented Poroshenko's grip on power by increasing support for him in the assembly.
Despite the tensions over Ukraine, the Russian leader will attend two summits in Asia in the next 10 days which offer a chance for talks on the crisis.
Ushakov said Putin would hold face-to-face talks with British Prime Minister David Cameron and French President Francois Hollande during a G20 summit in Brisbane on Nov. 15-16.
Putin will also meet International Monetary Fund chief Christine Lagarde and Japanese Prime Minister Shinzo Abe during an Asia-Pacific summit in Beijing on Nov. 10-11.
U.S. Secretary of State John Kerry and Russian Foreign Minister Sergei Lavrov will also meet in Beijing on Saturday, before the summit starts. No talks are scheduled between Putin and U.S. President Barack Obama although Washington and the Kremlin have not ruled out an informal conversation on the summit sidelines.
(Additional reporting by Alessandra Prentice and Richard Balmforth in Kiev and by Katya Golubkova and Timothy Heritage in Moscow; writing by Timothy Heritage)
Yup
It is in the %. JDST down 18.5% or -$8.85. Ouch!
In JNUG @ $3.46
Wednesday, 11/05/14 01:55:02 PM
Re: None
Post # of 11142
Read this before buying a new "smart TV"
You Invited Them In
By Karl Denninger
2014-11-05 09:44
http://market-ticker.org/akcs-www?post=229568
Not in it either
But 25%++ looks envious.
UUPT up $5.97 this morning
Zride was touting a $1.50 close for LAST Friday
Now the event has been moved to this Friday.
When it doesn't get there he will just move it to the next Friday.
He is just trolling for newbees.
Good call.