All nine Tigers score in 13-point winBy Paul LeckerSports ReporterMARSHFIELD — With the game on the line, the Marshfield girls basketball team clamped down on defense and was able to pull out another win.Leading by four points with 5 ½ minutes to go, the Tigers outscored Wausau Newman Catholic 15-6 the rest of the way to win 65-52 and capture the title at its home Marshfield Tiger Girls Basketball Invitational on Wednesday afternoon at the Marshfield High School Fieldhouse.Meg Bryan hit her fourth 3-pointer of the game to start the run that included two free throws each from reserve guards Sara Dasler and Jenny Scheppler and late layups by backups Dani Bender and Ana Jensen.Marshfield went 2-0 at the tournament to improve to 9-1 this season. Newman Catholic is now 3-6, losing to Rhinelander on Tuesday as well. Hudson pounded Rhinelander 59-38 in the other game Wednesday as both of those teams finished 1-1.“We played with the lead for the whole game, which was a good thing, but they weren’t a team that was going to go away,” Marshfield coach Heidi Michaelis said. “With their offense, they lull you. You play defense for 45 seconds, and then they find a way to come clean or make a 3. That’s a killer for you on defense. We found a way to get a win, and that was our goal — two wins in two days — and we did that.”Marshfield scored the first four points of the game and never trailed, but it was far from easy for the Tigers.Newman Catholic made 12 of 23 shots from 3-point range, which included 5-for-7 from Lauren Fech and 4-for-8 from Taylor Jankowski, to keep it close throughout.Marshfield led by as much as nine in the first half and took a 29-22 lead into halftime after a late 3-pointer for McKayla Scheuer. The senior guard made 4 of 6 shots from long range and finished with 15 points.A Fech 3-pointer capped a 6-2 run by the Cardinals to start the second half and cut the lead to three.After Marshfield went back up by seven after two baskets from Ema Fehrenbach, who led the Tigers with 18 points and nine rebounds, Newman got it down to two at 44-42 with 7:44 left after a rebound and basket by Signe Fronek.Marshfield did not flinch and maintained its lead. Another 3-pointer from Jankowski cut the Tigers’ lead to 50-46, but the Cardinals only made two of their final eight shot attempts as Marshfield pulled away.“They did a good job on Ema in the first half and in the second half. McKayla didn’t score as much, but we were able to get it into Ema,” Michaelis said. “Everyone played, everyone scored, so that was good for those kids, and everyone was happy.”The Tigers return to action Tuesday at Chippewa Falls.(Hub City Times Sports Reporter Paul Lecker is also the publisher of MarshfieldAreaSports.com.)Tigers 65, Cardinals 52Newman Catholic 22 30 – 52Marshfield 29 36 – 65NEWMAN CATHOLIC (52): Lauren Fech 6-10 2-2 19, Signe Fronek 4-11 0-0 10, Makayla Slaby 0-3 1-2 1, Taylor Jankowski 4-10 0-0 12, Abbey Fox 2-6 2-6 6, Mikayla Tomsyck 0-0 0-0 0, Karina McGucken 0-4 1-2 1, Brogan Kimball 1-4 0-0 3. FG: 17-48. FT: 6-12. 3-pointers: 12-23 (Fech 5-7, Jankowski 4-8, Fronek 2-6, Kimball 1-2). Rebounds: 26 (Fronek 8). Turnovers: 15. Fouls: 16. Fouled out: none. Record: 3-6.MARSHFIELD (65): McKayla Scheuer 5-9 1-2 15, Dani Bender 1-3 0-0 2, Jenny Scheppler 0-0 2-2 2, Ana Jensen 1-1 1-2 3, Sara Dasler 0-0 4-4 4, Meg Bryan 4-12 3-4 15, Maddie Nikolai 1-7 0-0 2, Ema Fehrenbach 8-12 2-5 18, Hannah Meverden 2-6 0-0 4. FG: 22-50. FT: 13-19. 3-pointers: 8-16 (Scheuer 4-6, Bryan 4-9, Meverden 0-1). Rebounds: 34 (Fehrenbach 9). Turnovers: 7. Fouls: 12. Fouled out: none. Record: 9-1.
Why IoT Apps are Eating Device Interfaces The Rise and Rise of Mobile Payment Technology mike melanson Role of Mobile App Analytics In-App Engagement Related Posts Tags:#Browsers#mobile#web What it Takes to Build a Highly Secure FinTech … Skyfire, the mobile browser that brought Flash video to the iPhone, iPad and Android mobile devices, is unveiling version 3.0 for Android today. This latest version of Skyfire, dubbed the “Facebook edition”, offers a seriously slick social media integration that, quite honestly, we would like to see on our desktop. The key to the new version of Skyfire lies in the “Skyfire bar”, a bar of icons that rests at the bottom of the browser. From this bar, users can easily “Like” any page they visit and share it via Facebook, Twitter or email. That’s simple enough, though, right?Two features we really dig, however, are “Fireplace Feed Reader” and “Popular Content”. The first one provides a list of links, images and videos posted by your Facebook friends, meaning all the random status updates and musings are left for later – this is just the meat of your Facebook feed. “Popular Content”, on the other hand, looks at whatever page you’re on and cross references it with Facebook to see what other pages on that site are popular with Facebook’s 500+ million users. Pages shared by your friends float to the top, with the rest of the suggestions listed by overall popularity. Skyfire’s “OneTouch Search” also looks pretty slick, as you can search from the mobile browser and choose to focus that search on Google, Facebook, VideoSurf, Digg, Twitter or Amazon, all from a simple navigation bar. Now, when we say we wish we had a browser like this for the desktop, you might retort “What about RockMelt?” RockMelt, however, simply added standard Facebook functionality onto the edges of your browser. Skyfire’s new functionality sets it apart. There is no quick and apparent way on the Facebook website to just see all the content – the links, videos and images – posted by your friends. There’s also no way to navigate to NYTimes.com and see what the most popular stories are, according to your Facebook friends. But now there is – for Android users, at least.Take a look at the video overview and go get yourself a free copy before time runs out – Skyfire 3.0 is available free for a limited time in the Android Marketplace.
‘A complete lie:’ Drilon refutes ‘blabbermouth’ Salo’s claims Hotel says PH coach apologized for ‘kikiam for breakfast’ claim “I’m glad that we won, but we’re still down (in the series),” Alaska coach Alex Compton said. “I expect Game 4 to be a lot more like Game 2 (which was close). I guarantee you, this (blowout of the Hotshots) will not happen again.”“I’m shocked,” Compton said of their 29-point victory. “I didn’t expect this.”FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSUrgent reply from Philippine football chiefImport Mike Harris scored 36 points and had 18 rebounds in just three quarters, and Compton pulled rabbits out of his hat in Abe Galliguez and Carl Bryan Cruz to register their first win in the series.Romeo Travis scored 18 points and Mark Barroca 13 for the Hotshots, who will have three days to regroup.The startling difference in this game, aside from the score, was how well the Aces executed and minimized their mistakes. Adjusting on the match-ups and with his charges taking care of the ball a lot better this time, Alaska carved out an authoritative Game 3 win over Magnolia in the PBA Governors’ Cup title series.After losing the first two games of the best-of-seven series in contrasting styles, the Aces broke away in the second quarter to cut the Magnolia lead to 2-1 after a 100-71 victory at Ynares Center in Antipolo City on Sunday night.ADVERTISEMENT Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games Jordan delivers on promise: 2 Cobra choppers now in PH Lakay’s Pacio faces Japanese, kicks off One’s 2019 season Sports Related Videospowered by AdSparcRead Next You can now mix and match your Bitmoji’s clothing LATEST STORIES Australia appoints 76ers coach Brett Brown for Tokyo Olympics MOST READ Don’t miss out on the latest news and information. Palace: Robredo back to ‘groping with a blind vision’ In spite of Washington’s sanctions, Huawei sells more smartphones than ever Hotel management clarifies SEA Games footballers’ kikiam breakfast controversy After averaging 25.5 turnovers in the first two games, Alaska only had 15 for Game 3, with Chris Banchero finishing with 11 assists against just two errors. Harris, who came into the contest norming six errors a game, had three.“While it would be great to hope for this (blowout win) to happen again, it won’t,” Compton said of his expectations for Wedensday’s Game 4 at Smart Araneta Coliseum. “We’re going to bring the same level of intensity, but I don’t expect for one minute it will be like this.”Magnolia coach Chito Victolero accepted defeat by crediting how better prepared the Aces were. However, he had things to say about the game officials.“Just give credit to the Alaska team, they prepared (well) for this game,” Victolero said.“But I kept reviewing the tapes. For this game, the Alaska players were the ones holding my players and they weren’t calling the fouls. I just want consistency. Yes, I’m calling their attention now. Let’s be consistent.”ADVERTISEMENT View comments
BEVERLY HILLS, CA – JANUARY 06: Taylor Swift attends the InStyle And Warner Bros. Golden Globes After Party 2019 at The Beverly Hilton Hotel on January 6, 2019 in Beverly Hills, California. (Photo by Rich Fury/Getty Images)Pop superstar Taylor Swift is going to be in Raleigh Tuesday night for the next stop on her 1989 World Tour. Apparently, NC State’s football team would appreciate if she stopped by to say hello while she’s in town. Unfortunately, that means that they produced the world’s worst “Shake It Off” parody video (and that’s saying something).There isn’t much else we can say to prepare you for this, so, here:Hey @TaylorSwift13 we did THIS to get you to come see us when you’re in town tomorrow! https://t.co/mSO3LoTHbY pic.twitter.com/h2apnYX26p— NC State Football (@PackFootball) June 8, 2015We somehow doubt that it’s going to persuade her to join them in their weight room.
A total of 835 children from 43 basic schools across the island were treated to a day of fun and learning at a reading fair staged by the Early Childhood Commission (ECC). Senator Reid hailed the staging of the reading fair. “This is the kind of initiative that we really want,” he told JIS News. Story Highlights It was part of the ECC’s ‘Read Pon Di Cawna’ and ‘Read Across the Region’ initiatives launched last year to engage teachers, institutions, parents, public officials, agencies and other stakeholders in the effort to promote and instil a love for reading at an early age. A total of 835 children from 43 basic schools across the island were treated to a day of fun and learning at a reading fair staged by the Early Childhood Commission (ECC).The event, held recently at Orange Park, located at 12 Ocean Boulevard, downtown Kingston, saw Minister of Education, Youth and Information, Senator the Hon. Ruel Reid; and State Minister, Hon. Floyd Green, along with scores of persons from the private sector and the entertainment industry, reading to and interacting with the children.It was part of the ECC’s ‘Read Pon Di Cawna’ and ‘Read Across the Region’ initiatives launched last year to engage teachers, institutions, parents, public officials, agencies and other stakeholders in the effort to promote and instil a love for reading at an early age.Read Pon Di Cawna is being hosted in designated communities, while Read Across the Region targets early-childhood institutions within the educational regions.Senator Reid hailed the staging of the reading fair. “This is the kind of initiative that we really want,” he told JIS News.“It empowers them (children) and unleashes the ability to do very well academically,” he added, noting that reading enhances success in all aspects of life, as “everything hinges on the capacity to read”.Mr. Green, for his part, said that not only was the day educational but also entertaining, proving that children can have fun while learning.“It is very important for us to push reading, especially in the early years, and we are trying to engender a culture of reading by having parents and caregivers read to their children; that was what the day was about,” he says.The Education State Minister, in stressing the need for books in the lives of children, says that it is never too early to help children develop an appreciation for reading.As such, he is urging parents to cut the time that children spend watching television.ECC Chairman, Trisha Williams-Singh, said the objectives of the event were met, in terms of promoting reading among children at the early-childhood level.She noted that by reading, children develop “critical thinking”, which is important in later stages of learning.“It is very critical that we continue to develop that thinking in our children. Reading must be constant, and if we instil in our children, from early, to read, it becomes a domino effect where the toddlers will stick to the culture of reading and others will also be attracted to it,” she pointed out.“Too much money goes into remedial education. If we take the time and focus on the foundation, learners will enter the other levels of education with strong aptitudes,” she added.Executive Director of the ECC, Karlene DeGrasse-Deslandes, in expressing gratitude to the many sponsors, noted that the fair has reinforced the idea that reading should be an everyday occurrence. “Read more, connect with your children, have them explore,” with books, she said.Principal of the St. Andrew-based Kintrye Basic School, Desrine Mitchell, told JIS News that she was impressed with the staging of the event, and the prominent Jamaicans on hand to read to the children.She commended the ECC Chairman as a very “interactive and involved” official, who not only “wants solutions; she comes up with ideas. She creates opportunities for things to happen. This is really impressive”.Shericka Cowan, who heads the Naggo Head Infant School in St. Catherine, says she and her students received “blessings” at the fair, which she described as “interactive”.She expressed the wish for all schools to be exposed to similar sessions, because it is “good for learning and literacy”.Marketing Officer at Consolidated Bakeries, Tiana Sterling, who was among the cadre of sponsors in attendance, hailed the fair as a very good opportunity “to build a future of learners”.She told JIS News that the “children were very attentive and seemed to have enjoyed the day’s activities”.Managing Director of the Urban Development Corporation (UDC), Dr. Damian Graham, said his entity fully supported the event, which was about preparing children for the future.“Having early-childhood intervention like this is part of our mandate of making development happen. I am proud to be a part of this experience. We need more interventions like this… we will have transformation for the citizens of the future,” he noted.
21Feb Macomb County legislators vote to boost funding for urgent road repairs Macomb County would receive an estimated additional $4.48 million – and its cities and villages would receive money on top of that – as part of a new plan to quickly boost road repairs across Michigan.The money is included in a $175 million bill approved by the state House today with the support of Republican Reps. Diana Farrington of Utica, Pamela Hornberger of Chesterfield Township, Peter Lucido of Shelby Township, Steve Marino of Harrison Township and Jeff Yaroch of Richmond.Money will be used this year under the House plan, which won unanimous bipartisan support.“Driving to work, to school, to the grocery store – dodging potholes is part of the daily commute in Michigan, and people are tired of it,” Hornberger said.Farrington said: “There’s an opportunity to provide additional help to our road preservation and construction efforts, and we must seize it.”The money is left over from a previous state government budget cycle and is already available, meaning no budget cuts or additional fees or taxes are required for the investment.“The money for additional road repairs is there right now. We aren’t raiding another part of the budget or raising anyone’s taxes to accomplish this,” Marino said.Lucido said: “It’s a no-brainer. All of us are sick of driving on these roads. I’m white-knuckling it to make sure I don’t drive into a crater every time I drive from Macomb to Lansing.”Yaroch noted the additional funds will support the entire region.“Under this funding formula all road agencies will receive more road money,” Yaroch said. “This will help address road issues sooner rather than later.”In addition to state projects, the bill includes money for county, city and village roads throughout Michigan. In addition to the estimated $4.48 million for Macomb County’s road commission, some estimates of funding for local governments include Armada ($11,507), Center Line ($49,111), Eastpointe ($202,693), Fraser ($83,347), Memphis ($9,007), Mount Clemens ($102,595), New Baltimore ($70,131), New Haven ($28,887) Richmond ($34,969), Romeo ($20,614), Roseville ($313,027), St. Clair Shores ($377,851), Sterling Heights ($810,885), Utica ($29,299) and Warren ($924,337).The money included in the bill approved today comes in addition to previous changes that provide more funding for road and bridge projects across the state.House Bill 4321 advances to the Senate for further consideration.### Categories: News,Yaroch News
Online video service Netflix is to launch via new computer game console Playstation Vita after striking a deal with its parent company Sony.The move will make Netflix’s streaming service available via the handheld console, which is the successor to the Playstation Portable. The agreement will initially cover Netflix’s subscribers in the United States, Canada and Latin America, but the company hopes to roll it out in the UK and Ireland over the coming months.“We are very excited that Netflix is available on PS Vita at launch,” said Greg Peters, vice president of product development at Netflix. “Many Netflix members love their PlayStation entertainment consoles and handhelds. We’re glad to offer PS Vita users the ability to enjoy Netflix wherever and whenever they want.”
Digital TV homes in central and eastern Europe will exceed analogue homes for the first time this year, according to the latest report from Digital TV Research.Digital TV Research predicts that digital homes in the 15 countries covered will rise to 60.3 million this year, with analogue homes numbering 53.9 million.Noting that digital-terrestrial rollouts have been delayed in several countries in the region, Digital TV Research nevertheless predicts that the number of digital homes will almost double between this year and 2017, rising to 112.2 million.Pay TV homes in the region are expected to grow to 57.6 million this year, rising to 71.2 million by 2017. Pay digital DTH subscribers are expected to number 22.7 million this year, rising to 28.4 million in 2017. Digital cable homes will number 10.1 million this year, rising to 27.2 million in 2017. Primary digital-terrestrial homes are expected to number 13.2 million this year, rising to 35.6 million in 2017.Estonia will this year be the first country in the region to go all digital, according to the report. Ten of the 15 countries covered will be completely digital by 2017, according to the report. Pay TV will be taken by 61% of the region’s TV homes in 2017, up from 47% at end-2011 – or up by 18 million to 71 million. Pay TV revenues in eastern Europe will be 35% higher in 2017 at US$7.8 billion (€5.85 billion) than in 2012 (US$5.8 billion).“The recession has had an impact on the TV sector. Compared with our previous report [published in April 2011], we have noted several delays to digital terrestrial rollouts. Even though some governments have either brought forward or confirmed their original analogue terrestrial switch-off plans, many do not believe that all of these deadlines will be met. In addition, we have also seen slower take-up of double-play and triple-play bundles,” said report author Simon Murray. “It is good news for pay TV operators that many eastern European countries have been slow to implement analogue terrestrial switchover. This favours pay TV operators as it gives them more time to convert homes to their packages before FTA DTT becomes established. Poland and Romania are prime examples of this.”
And as many commentators have already said in today’s column, the world’s financial goose is pretty much cooked.As I mentioned in ‘The Wrap’ in Friday’s column, the initial news out of Brussels early on Friday morning their time, caused a waterfall decline in the dollar…along with a bit of a melt-up in gold and silver prices…and as lunchtime approached in London, gold was up about eighteen bucks.Then just before 12:00 o’clock noon, another rally began. This lasted until about 12:30 p.m. BST…and then sold off a bit going into the New York open fifty minutes later.Once Comex trading began, away went the price to the upside…but ran into a not-for-profit seller at the $1,600 spot price level at precisely 9:00 a.m. Eastern…and from there it traded sideways until shortly before 1:00 p.m. Eastern time. Then gold rallied anew…and made it to its high tick of the day [$1,608.60 spot] about five minutes before the Comex close.From there it was sold off gently…and the price was carefully closed below the $1,600 price market at $1,599.10…up $47.10 on the day. Without doubt, left to its own devices, the gold price would have closed up significantly more than that. Not surprisingly, net volume was very high at around 172,000 contracts.Here’s the New York Gold [Bid] chart for yesterday. I just wanted you to see the precise 9:00 a.m. intervention in the gold price with your own eyes. Nothing free-market about that.Silver rallied on the news out of Brussels as well…and by 11:45 a.m. BST, silver was up about fifty cents. Then silver blasted higher at what might have been an early London silver fix.Silver, like gold, also got sold off a hair at 12:30 p.m. in London, but that only lasted thirty minutes…and away it went to the upside again…and the rally accelerated at the Comex open. Within fifteen minutes silver had gained about 80 cents in what had obviously become a ‘no ask’ market. The silver price was going vertical. But the moment that it broke through the $28 spot price level, a not-for-profit seller showed up…and that, as they say, was that. It took ‘da boyz’ just over an hour to beat the silver price back to the Comex opening price. The high tick was $28.05 spot.The silver price wasn’t even allowed a sniff of that price level again, although it made every attempt to do so as, like gold, it rallied strongly into the Comex close. Then it got sold down over a percent going into the close of electronic trading Silver finished the Friday trading day at $27.49 spot, up $1.17. Net volume was pretty heavy at around 53,000 contracts.The dollar index was quite a sight yesterday. To be sure, some of the rallies in the precious metals corresponded roughly to what was going on in the currency markets, but it certainly doesn’t explain the big rallies in gold and silver that began at 11:45 a.m. in London…6:45 a.m. Eastern time…as the dollar was trading sideways at that point. The dollar index closed down 107 basis points at 81.63…but was down about 120 basis points at its New York low.Here’s the 3-day dollar index that shows the entire move on Friday.The gold stocks gapped up about four percent at the open…but then [mysteriously?] got sold off until just before noon in New York before rallying once again to a secondary peak which came about fifteen minutes before the gold price rally ended at the Comex close. From there the stocks more or less traded sideways into the close. The HUI finished up 3.19%. Considering the size of the price move in gold, I was expecting better than this.I spoke with John Embry yesterday…and he was expecting better as well, as one junior gold producer that we both follow, actually finished unchanged on the day!The silver stocks did better, but even then, there were some that didn’t do particularly well. Nick Laird’s Silver Sentiment Index closed up only 3.55%.The CME’s Daily Delivery Report showed that 15 gold and 235 silver contracts were posted for delivery on Tuesday. In silver, the only short/issuer was Jefferies, with all 235 contracts…and the two biggest long/stoppers were JPMorgan with 159…and the Bank of Nova Scotia with 72. The link to the Issuers and Stoppers Report is here.There were reductions in both GLD and SLV yesterday…as authorized participants withdrew 67,924 troy ounces of gold and 1,745,755 ounces of silver.The U.S. Mint had no sales report again on Friday, so they finished the month with sales of 54,500 ounces of gold eagles…10,000 one-ounce 24K gold buffaloes…and 2,593,000 silver eagles. Despite the lousy price action in the month just past, June gold and silver eagle sales were the third highest of the year.My coin guy had his best sales day in June yesterday, as these higher prices brought out the procrastinators in droves.On Thursday, the Comex-approved depositories reported receiving 609,909 troy ounces of silver…and shipped 473,360 troy ounces out the door. The link to that action is here.Well, the Commitment of Traders Report in silver was a sight to see. The Commercial net short position declined by 4,943 contracts…and is now down to 12,011 contracts, or 60.0 million ounces. According to reader E.F…this is the smallest Commercial net short position since September 10, 2001…almost eleven years ago! We also have a 9-year low in the Non-Commercial net long position…and almost a 5-year high in the raptor [small Commercial traders other than the ‘big 8’] net long position.All that is just dandy, but here’s the ugly news. The four largest Commercial traders are short 151.4 million ounces of silver…and the ‘5 through 8’ largest traders are short an additional 44.8 million ounces. On a net basis the four largest traders are short 30.7% of the entire Comex futures market in silver, once all the Non-Commercial market-neutral spread trades are subtracted out. And once you remove the spread trades that only show up in the Disaggregated COT report, these four traders are short much more of the Comex silver market than that. Most of that is held by JPMorgan.In gold, the Commercial net short position declined by 19,531 contracts…and now stands at 144,160 contracts, or 14.4 million ounces. The four largest Commercial traders are short 10.0 million ounces…and the ‘5 through 8’ traders are short an additional 4.9 million ounces. On a net basis the four largest Commercial short holders in gold are short 26.1% of the entire Comex gold market.In gold, the eight largest traders are short 103.5% of the Commercial net short position. But in silver, the eight largest traders are short 327% of the Commercial net short position. Now that’s concentration!Here’s Nick Laird’s Total PMs Pool chart for the third time this week.(Click on image to enlarge)I have quite a few stories for your reading pleasure this weekend…and the final edit is up to you.To consider the [Supreme Court] as the ultimate arbiters of all constitutional questions is a very dangerous doctrine, placing us under the despotism of an oligarchy. Our judges are as honest as other men…and not more so, with the same passions for party, power, and privilege. Their power is extremely dangerous, as they are in office for life and not responsible, as the other functionaries are, to elective control. – Thomas Jefferson.Here’s an American composer whose music you hardly ever hear anymore…except for this one piece during the Christmas holidays. When I was a little boy back in the early to mid 1950s, I grew up on a steady diet of his music…and his most famous composition is linked here. I remember it all too well. When I played it the other day, I’m sure that was the first time I’d heard it in at least fifty years. Roy Stephens brought this composer to my attention once again, as I had pretty much forgotten about him myself. Very sad.Well, it certainly was an interesting trading day yesterday…and not just in the precious metals, as it was across the board in just about everything. What a way to end the month…and the second quarter. I’m sure that there was some short covering involved as well…especially in West Texas Intermediate and copper. Although all four precious metals joined the party as well, it was obvious from the price action, at least to me, that gold and silver in particular were on a very short leash.With volumes in gold and silver being what they were, I’m guessing that JPMorgan et al were the short sellers of last resort again yesterday, particularly in early New York trading…although it’s entirely possible that the small commercial traders, Ted Butler’s raptors, were selling long positions and taking profits as well. This won’t be known with any certainty until next Friday’s Commitment of Traders report…and anything can happen between now and the Tuesday cut-off to mask what happened yesterday.And as many commentators have already said in today’s column, the world’s financial goose is pretty much cooked…and sooner or later the banks and the governments will have to sit down and dine at the table of financial consequences. It won’t be pretty…and I can’t think of any place I’d rather have my money invested than in gold and silver bullion…and their associated equities.It could be a long, hot summer…and I close this column by wishing all my fellow Canadians a happy Canada Day.See you on Tuesday. Tosca Mining Corporation’s goal is to acquire advanced stage projects that can be placed into production quickly. The company’s primary asset is the Red Hills Molybdenum/Copper project located in Presidio County, Texas. A program to confirm, and expand the considerable size and potential of the project and evaluate various economic scenarios was completed in 2011. Tosca recently received results from the 13 remaining holes from its phase two, 16,000 M (4,873 m) diamond drill program. Per Tosca’s Chairman, Dr. Sadek El-Alfy, “the drill program has successfully verified historic drill results of the shallow Copper-Molybdenum cap and confirmed the presence of a deeper, well mineralized Molybdenum Porphyry deposit.” The results of 21 holes drilled through the copper/moly cap in Tosca’s 2011 drill program give a weighted average grade of 0.39 % Cu over a core length of 113 feet (34.5 m). Since the copper cap is subhorizontal, the average core length can be interpreted as being approximately equivalent to true width. The copper/moly cap is crescent shaped, approximately 4,000 feet (1220 metres) long and 400 feet (122 m) to 1000 feet (305 m) wide.The 2011 program encountered numerous thick Molybdenum mineralized intervals including Hole TMC-25 wich intersected 1,189 feet (362.4 m) averaging 0.089 per cent Mo including 830 feet (253 m) of 0.1 per cent Mo from 359 feet (109.8 m) to the bottom of the hole. Hole TMC-29 cut 989 feet (301.4 m) averaging 0.09 per cent Mo including 139 feet (42.4 m) of 0.16 per cent Mo. The molybdenum grades are similar and in some cases higher than those of projects currently considered of potential economic interest.”Aggressive plans are in place for 2012 to conduct metallurgical tests, produce an updated resource estimate and Pre Economic Assesment. Tosca is operated by an experienced mine development team, operates in Texas, a mine-friendly jurisdiction and its property iseasily accessible with infrastructure in place to advance operations. Please visit our website to learn more about the company ad request information. Sponsor Advertisement
In the mining business, it is said that grade is king. A high-grade project attracts attention and money. High-grade drill intercepts can send an exploration company’s stock price higher by an order of magnitude. As a project moves to the development stage, the higher the grade, the more robust the projected economics of a project. And for a mine in production, the higher the grade, the more technical sins and price fluctuations it can survive. It is also said that the “low-hanging fruit” of high-grade deposits has all been picked, forcing miners to put lower-grade material into production. You could call it Peak Gold—and argue that the peak is already behind us. Let’s test that claim and give it some context. One of the ways to look at grades is to compare today’s highest-grade gold mines to those from the past. We pulled grade data from the world’s ten highest-grade gold mines for the following chart. As of last year, grades at the richest mines have fallen an average of 20% since 1998. However, except for 2003, when the numbers were influenced by the Natividad gold/silver project (average grade 317.6 g/t Au) and Jerritt Canyon (245.2 g/t Au), the fourteen-year trend is relatively stable and not so steeply declining. The spike in 2003 looks more like an outlier than Peak Gold. However, these results don’t provide much insight into the resource sector as a whole, one reason being that the highest-grade mines have vastly different production profiles. For example, Natividad—owned by Compañía Minera Natividad y Anexas—produced over 1 million ounces in 2003 from ore grading over 300 g/t gold, while the San Pablo mine owned by DynaResource de Mexico produced only 5,000 ounces of gold from 25 g/t Au ore in the same year. This made San Pablo one of the world’s ten highest-grade operations in 2003, but its impact on global gold supply was minimal. In short, the group is too diverse to draw any solid conclusions. We then turned to the world’s top 10 largest operations, a more representative operation, and tallied their grades since 1998. How about a project that’s high grade and big? We recommended a new producer that has such an asset, and it hasn’t been this cheap since its IPO. Find out who it is in the August issue of Casey International Speculator. Start your risk-free trial with 100% money-back guarantee here. The picture here is more telling. Since 1998, gold grades of the world’s top ten operations have fallen from 4.6 g/t gold in 1998 to 1.1 g/t gold in 2012. This does indeed look like Peak Gold, in terms of the easier-to-find, higher-grade production having already peaked, but it’s not as concerning as you might think. As gold prices increased from $302 per ounce at the end of 1998 to the latest price of $1,377, both low-grade areas of existing operations and new projects whose grades were previously unprofitable became potential winners. Expanding existing operations into lower-grade zones near an existing operation is the cheapest way to increase revenue in a rising gold price environment. So many companies did just that. Indeed, the largest gold operations—the type we included in the above chart—would be the first ones to drop their gold grades when prices are higher, simply due to the fact that what they lose in grade they can make up in tonnage run through existing processing facilities. Larger size allows lower-grade material to be profitable because of economies of scale. New technologies have helped to make lower-grade deposits economic as well. So, at least until 2011, the conventional wisdom of “grade is king” was being replaced by “size is king.” However, production costs have been increasing as well—and have continued increasing even as metals prices have retreated in recent years. Rising operating costs and capital misallocations (growth for growth’s sake, for example) are at least partly to blame for miners’ underperformance this year. Suddenly, grade seems to be recovering its crown. It remains to be seen whether more high-grade discoveries can actually be made, or whether Peak Gold is actually behind us. The Takeaway Truth is, there is no king. Grade and size, although among the most important variables in the mining business, tell only part of the story. Neither higher grades nor monster size prove profitability by themselves—the margin they generate at a given point in time is what matters most. And then what the company does with its income matters, too. Now that the industry has moved on from a period of reckless expansion, we expect investors to become more demanding of the economic characteristics of new projects coming online. Existing mines that processed low-grade ore in a rising gold price environment are now judged by the flexibility they have to cut costs, increase margins, and persevere through gold price fluctuations. It’s true that high enough grade can trump all other factors in a mining project, but it’s the task of a company’s management to navigate the changing environment, control operating costs, and oversee the company’s growth strategy so that it creates shareholder value. The resource sector has had a sober awakening, and now we see many companies changing their priorities from expansion to profitability, which depends on many parameters in addition to grade. This is a good thing. As for Peak Gold, if that does indeed turn out to be behind us, the big, bulk-tonnage low-grade deposits that are falling out of favor today will become prime assets in the future. It’ll either be that or go without. Times may be tough, but the story of the current gold bull cycle isn’t done being written. The better companies will survive the downturn and thrive in the next chapter. Identifying these is the ongoing focus of our work.