BofAML Turns Bullish On Gold

BofAML’s MacNeil Curry is changing his view on gold from bearish to bullish. The impulsive gains from the 1251 low of Oct-15 and break of the two-month downtrend (confirmed on the break of 1330) tells him that a medium-term base and bullish turn is unfolding. BoFAML looks for an ultimate break of the 1433 highs of Aug-28, with potential for a push to 1500/1533 long term resistance. In the next several sessions Curry suggest buying dips into 1309, cautioning that this bullish view is “wrong” if gold breaks below 1251. For those awaiting additional confirmation of a turn, Curry notes you need to see a break of 1375 (Sep-19 high & right shoulder off a multi-month Head and Shoulders Top).

 


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/Dx7MAtkWIJE/story01.htm Tyler Durden

Grady Ave. developer told: ‘No apartments’

Developers for the proposed mixed residential development on Grady Avenue in Fayetteville were expected to ask the City Council on Oct. 17 to agree to have the potential development return for a full review by the city’s Planning and Zoning Commission. The council agreed, but with the proviso that the new re-worked proposal come with approximately 150 townhomes and cottages and no apartments.

read more

via The Citizen http://www.thecitizen.com/articles/10-23-2013/grady-ave-developer-told-%E2%80%98no-apartments%E2%80%99

China Cafe robbery suspect shoots himself before capture

Faced with a potential murder charge for participating in the Oct. 11 armed robbery and shootout at the China Cafe in Fayetteville, Leandro Bernard Johnson, 27, surely knew his days as a free man were over.

Instead of surrendering to a group of armed marshals Tuesday morning, Johnson ended his own life with a single gunshot wound to the head, officials said.

His lifeless body, a handgun laying beside it, was found in the closet of a relative’s apartment in Covington, according to U.S. Marshals Southeast Regional Fugitive Task Force Supervisor Jim Joyner.

read more

via The Citizen http://www.thecitizen.com/articles/10-23-2013/china-cafe-robbery-suspect-shoots-himself-capture

Fayette teachers’ pay to be restored?

With news of more money in the Fayette County School System’s bank account than expected — 15 times more — a lot of teachers want their pay restored to pre-recession levels.

Maybe, partially, says Superintendent Jody Barrow, but let’s go slow.

There are about 1,346 teachers, part of the approximately 3,200 system employees, according to system spokesperson Melinda Berry-Dreisbach.

read more

via The Citizen http://www.thecitizen.com/articles/10-23-2013/fayette-teachers%E2%80%99-pay-be-restored

Greenspan Admits He “Knew There Was A Bubble” In 2008″, But Refuses To Apologize

Alan Greenspan is out pitching his news book. We explained the miracle of revisionist history and questioned the sanity of anyone buying this ‘guide to economic forecasting’ earlier in the week, but in his appearance this morning on CNBC, the “maestro” did a great job explaining just how flawed his own logic was (without our help).

Flip-flopping from some rational efficient market based economic prognostication to the human nature based entirely non-random cyclical and feedback-loop engaging reality, he explains (sadly reflective of the current clairvoyance of Jim Bullard) that, speaking for himself and his FOMC colleagues, “all of us knew there was a bubble,” though failing to admit to being the progenitor, “but we badly missed the timing.”

Perhaps summing up the mantra of his ilk better than any other sentence, Greenspan concludes, “a bubble in and of itself does not give you a crisis…”adding, during a later Bloomberg TV clip, “I missed certain forecasts, you don’t apologize for that. Do you? I don’t. We are not omniscient. I am a human being.”

 

Perhaps not, but with every muppet leveraged to the tick on the Russell 2000, we suspect he’ll reject that thesis once again in the future…

Must watch (brief clip) for insight into just how sociopathic our central bankers have become..

 

 

Doing the rounds, Greenspan later dropped this little beauty on Bloomberg TV…

 

 

“I am in the business where, Harry Truman once said, ‘If you can’t stand the heat, get out of the kitchen’… I apologize for something I did wrong, and I do apologize. I don’t apologize…I was doing the best I can.

 

The arguments, some of which are quite accurate is I missed certain forecasts, you don’t apologize for that. Do you? I don’t. We are not omniscient. I am a human being. I cannot see beyond the horizon any more than anyone else can.

 

Now to apologize for not being Superman, I just refuse to do that because that never entered my mind.”

 

Perhaps some ‘honesty’ like that during your reign would have helped temper the bubbles you created…


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/gJXrf42ZkM0/story01.htm Tyler Durden

Greenspan Admits He "Knew There Was A Bubble" In 2008", But Refuses To Apologize

Alan Greenspan is out pitching his news book. We explained the miracle of revisionist history and questioned the sanity of anyone buying this ‘guide to economic forecasting’ earlier in the week, but in his appearance this morning on CNBC, the “maestro” did a great job explaining just how flawed his own logic was (without our help).

Flip-flopping from some rational efficient market based economic prognostication to the human nature based entirely non-random cyclical and feedback-loop engaging reality, he explains (sadly reflective of the current clairvoyance of Jim Bullard) that, speaking for himself and his FOMC colleagues, “all of us knew there was a bubble,” though failing to admit to being the progenitor, “but we badly missed the timing.”

Perhaps summing up the mantra of his ilk better than any other sentence, Greenspan concludes, “a bubble in and of itself does not give you a crisis…”adding, during a later Bloomberg TV clip, “I missed certain forecasts, you don’t apologize for that. Do you? I don’t. We are not omniscient. I am a human being.”

 

Perhaps not, but with every muppet leveraged to the tick on the Russell 2000, we suspect he’ll reject that thesis once again in the future…

Must watch (brief clip) for insight into just how sociopathic our central bankers have become..

 

 

Doing the rounds, Greenspan later dropped this little beauty on Bloomberg TV…

 

 

“I am in the business where, Harry Truman once said, ‘If you can’t stand the heat, get out of the kitchen’… I apologize for something I did wrong, and I do apologize. I don’t apologize…I was doing the best I can.

 

The arguments, some of which are quite accurate is I missed certain forecasts, you don’t apologize for that. Do you? I don’t. We are not omniscient. I am a human being. I cannot see beyond the horizon any more than anyone else can.

 

Now to apologize for not being Superman, I just refuse to do that because that never entered my mind.”

 

Perhaps some ‘honesty’ like that during your reign would have helped temper the bubbles you created…


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/gJXrf42ZkM0/story01.htm Tyler Durden

Obama May Or May Not Have Tapped Angela Merkel’s Cell Phone

In a stunning claim, Germany's Der Speigel reports that the US targeted Angela Merkel's private mobile phone for years

  • *MERKEL TOLD OBAMA TAPPING WOULD BE UNACCEPTABLE, SEIBERT SAYS
  • *MERKEL COMPLAINED TO OBAMA ABOUT PHONE SURVEILLANCE: SPIEGEL
  • *MERKEL DEMANDS FULL EXPLANATION FROM OBAMA, SPIEGEL SAYS

So Obama promptly complied:

  • *OBAMA TOLD MERKEL U.S. NOT TAPPING HER PHONE, SPIEGEL SAYS

We await Snowden and Greenwald's clarification…


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/AF_0_GO-yZg/story01.htm Tyler Durden

Obama May Or May Not Have Tapped Angela Merkel's Cell Phone

In a stunning claim, Germany's Der Speigel reports that the US targeted Angela Merkel's private mobile phone for years

  • *MERKEL TOLD OBAMA TAPPING WOULD BE UNACCEPTABLE, SEIBERT SAYS
  • *MERKEL COMPLAINED TO OBAMA ABOUT PHONE SURVEILLANCE: SPIEGEL
  • *MERKEL DEMANDS FULL EXPLANATION FROM OBAMA, SPIEGEL SAYS

So Obama promptly complied:

  • *OBAMA TOLD MERKEL U.S. NOT TAPPING HER PHONE, SPIEGEL SAYS

We await Snowden and Greenwald's clarification…


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/AF_0_GO-yZg/story01.htm Tyler Durden

The Game of the Century

It was a cold Friday night in November. Two high school teams were about to take the field in the last regular game of the season.

One of the teams had experienced a terribly disappointing year. During their first nine games, they had suffered defeat in eight of them. Their only win came over a team that had a worse record than they did.

The opposing team was play-off bound and had a history of being a formidable team.

Thus did the McIntosh Chiefs (1-8-0) of Peachtree City host the Newnan Cougars (6-3-0). The year was 1989.

read more

via The Citizen http://www.thecitizen.com/blogs/david-epps/10-23-2013/game-century

Obamacare Pitch Of The Day: Baltimore Ravens Paid $130k To Promote

In a “Sponsorship Agreement” between the Maryland Health Connection and the Ravens, Judicial Watch reports that the state (read taxpayers) will pay the Super Bowl champs $130,000 to push Obamacare on television, radio, the team’s official website, its newsletter and in social media. If Obamacare is the great thing that we are constantly reassured it to be, why are we seeing the administration feeling the need to constantly market, pitch, and sell the idea by any means possible (from keg standing college students to Superbowl shuffles)?

 

Of course, they may be on to something with this one…

 

Via Judicial Watch,

The professional football team that won this year’s Super Bowl is getting $130,000 from American taxpayers to promote Obamacare, according to documents obtained by Judicial Watch this week.

 

The deal was secured on September 9 between the Baltimore Ravens of the National Football League (NFL) and Maryland health officials. The White House has tried recruiting professional sports leagues—especially the NFL and the National Basketball Association (NBA)—to help promote the president’s healthcare law but they have declined.

 

In fact, the NFL confirmed months ago that it would not participate in the Obamacare public relations campaign, offering the media this written statement: “We have responded to the letters we received from members of Congress to inform them we currently have no plans to engage in this area and have had no substantive contact with the administration about [the health-care law’s] implementation.” Washington D.C.’s mainstream newspaper called it a “blow to the administration.”

 

But Maryland officials evidently appealed directly to the home team, announcing in early September that the Ravens would help market the state’s Obamacare exchange known as Maryland Health Connection. Both parties refused to offer specifics when the deal was initiated and Judicial Watch filed a Maryland Public Information Act request for details.

 

In a “Sponsorship Agreement” between the Maryland Health Connection and the Ravens, the state will pay the Super Bowl champs $130,000 to push Obamacare on television, radio, the team’s official website, its newsletter and in social media. This includes the Ravens Report Show on cable TV and a number of pre and post-game radio segments as well as Facebook and Twitter plugs.


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/oOKPF8-WXRQ/story01.htm Tyler Durden