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JPMorgan said to pay most in $1.86 billion swaps market rig settlement

Submitted by cpowell on 08:12AM ET Friday, October 2, 2015. Section: Daily Dispatches
By Michael J Moore Hugh Son
Bloomberg News
Thursday, October 1, 2015

PMorgan Chase & Co. is set to pay almost a third of a $1.86 billion settlement to resolve accusations that a dozen big banks conspired to limit competition in the credit-default swaps market, according to people briefed on terms of the deal.

JPMorgan is paying $595 million, with the lender’s portion of the accord largely based on the plaintiffs’ measure of market share, said the people, who asked not to be identified because the firms haven’t disclosed how they’re splitting costs. The settlement also enacts reforms making it easier for electronic-trading platforms to enter the CDS market, according to a statement Thursday from attorneys for the plaintiffs, which include the Los Angeles County Employees Retirement Association.

Morgan Stanley, Barclays Plc, and Goldman Sachs Group Inc. are paying about $230 million, $175 million, and $164 million, respectively, the people said. Plaintiffs’ lawyers disclosed the approximate size of the settlement in Manhattan federal court last month, saying they were still ironing out details. They updated the total Thursday. …

http://www.silverdoctors.com/harvey-organ-issues-urgent-alert-we-are-experiencing-a-huge-comex-silver-bank-run/

Oregon juncos showing up at my birdfeeder this morning. They’ll be around for 2 or 3 weeks then continue their journey.

On the killers blog a wannabe told him to target women so no alpha male will come out getting in the way as to kill as many of them as they can telling him to go to a woman’s school. I’m guessing particularly while women. So hope more young women or any age are aware of these cowards thinking.

Yep exactly and the Framers knew that we have a duty to be armed. You’ll see comments from Europeans already on America and guns quickly forgetting what happened to the UN armed Europeans in France who were shot by nut jobs as even a unarmed police officer lay wounded in the street lay helplessly as the killer walked easily and arrogantly up to him and shot him.

There were armed vets trying to get to the scene but were stopped by the school at which they probably shouldn’t have complied because they weren’t doing anything to stop it. Another vet on the scene took 5 of the bullets in an attemp to stop him and luckily survived and probably saved five students.

Ukraine and rebels to pull back heavy weapons in move that ‘could signal end of war’

By Roland Oliphant, Moscow

6:58PM BST 01 Oct 2015

Ukraine and Russian-backed rebels in the country’s east have agreed to withdraw all remaining heavy weapons and combat equipment from the front line, in a move that a separatist official said could herald “the end of the war”.

The agreement to pull back equipment including tanks and mortars from a 30-km (18.6 mile) buffer zone comes as Vladimir Putin and Petro Poroshenko, the president of Ukraine, prepare to meet in Paris for Franco-German brokered talks on ending the conflict on Friday.

more http://www.telegraph.co.uk/news/worldnews/europe/ukraine/11904946/Ukraine-and-rebels-to-pull-back-heavy-weapons-in-move-that-could-signal-end-of-war.html

I agree with that!

A co-ordinated effort was needed…Thanks Pierre

Removing guns does not remove the problem. If someone is bent on murder they will find a way. Knives, pitchforks, 2×4’s, poison, cars, chemtrails, or vaccines. By removing the guns we are just enabling governments to become the biggest murderers of all times…..AGAIN!!

Vancouver, BC / TNW-Accesswire / October 1, 2015 / Golden Arrow Resources Corporation (TSX-V: GRG, FRA: GAC (WKN: A0B6XQ), “Golden Arrow” or the “Company”) is pleased to announce that it has entered into a business combination agreement (the “Agreement”) with Silver Standard Resources Inc. (TSX-SSO; NASDAQ — SSRI, “Silver Standard”) which contemplates the joint development of Golden Arrow’s Chinchillas project and an agreement to combine the producing Pirquitas Mine and the Chinchillas project, located approximately 35 kilometres apart in Jujuy Province of Argentina, into a single new operation.

Subject to an 18-month period of pre-development activities (the “Preliminary Period”), Silver Standard will have the right to commence a business arrangement that will see the Pirquitas Mine and the Chinchillas project combined into a 75% (Silver Standard) 25% (Golden Arrow) jointly owned mining business, with Silver Standard assuming the role of operator.

more http://www.mining.com/web/silver-standard-plans-up-to-us12-6m-to-advance-to-feasibility-golden-arrows-chinchillas-project-for-a-business-combination-with-pirquitas-mine/

Fifty killed in a knife attack at a Chinese colliery

Nine suspects are being pursued after they launched a coordinated knife attack and killed 50 workers at a northwestern Chinese coal mine, reports Radio Free Asia.

The incident occurred on September 18 in the Xinjiang Uyghur Autonomous Region. The attackers are alleged to be Uyghur separatists.

After overtaking security guards, the attackers killed the workers while they were asleep in bunkhouses at the Sogan colliery in Aksu. Another 50 workers were injured. The suspects are believed to be hiding in a nearby mountain ravine where a manhunt operation is underway.

Most of the victims were Han Chinese.

The Xinjiang Uyghur Autonomous Region suffers from discord due to ethnic fault lines. Uyghurs identify more closely with Central Asian nations. The area was independent up to 1949 when it became part of China. China has been asserting is control over the area with more westward migration and a heavier military presence.

Information about the attack is being guarded by officials:

more http://www.mining.com/fifty-killed-in-a-knife-attack-at-a-chinese-colliery/

Canadian firm fights gold mine ban by leftist Greek government

ATHENS – A Canadian company appealed to Greece’s top court on Friday to overturn a ban on its plans to develop a gold mine in a forested area of northern Greece, in a case widely seen as a test of the leftist government’s approach to foreign investment. Vancouver-based Eldorado’s venture to extract gold and other ores on the verdant Halkidiki peninsula is seen as one of the top investments in a country racked by a debt crisis since the end of 2009. The company has put in more than $600-million since 2012 and plans to invest another $1-billion in its quest for gold, copper and zinc at two other sites. But a day before resigning to call a general election, Prime Minister Alexis Tsipras’ government revoked Eldorado’s permit for the Halkidiki mine in mid-August, citing environmental grounds, in a move that showed Greece remains a risky bet for investors. Eldorado then suspended all its activities at the mine and made most of its 1 300 workers temporarily redundant. Some 500 of its workers demonstrated on Friday in support of the company’s appeal outside the Council of State, Greece’s highest administrative court, some carrying a banner that proclaimed: “No future without the ores”. Their trade union has joined the company’s lawsuit against Greece’s energy ministry, which had tried to block the investment since February. On Aug. 19, Energy Minister Panos Skourletis, a hardline leftist, accused Eldorado’s Greek unit, Hellas Gold, of violating environmental safety guidelines. After hearing oral arguments for about two hours, the court gave both sides until Oct. 7 to make full written submissions, Eldorado’s lawyer Eleni Trova told reporters. The court will hold several sessions before it issues a ruling.

more

http://www.miningweekly.com/article/canadian-firm-fights-gold-mine-ban-by-leftist-greek-government-2015-10-02

JOHANNESBURG – South Africa’s National Union of Mineworkers (NUM) said on Friday its members had accepted the latest pay offer from gold producers covering the next three years.

“Our members have accepted the offer,” David Sipunzi, NUM’s general secretary, told Reuters. NUM is the biggest union in the sector, representing over 50 percent of the industry’s workers.

Two smaller unions which represent mostly skilled workers have also accepted the offer.

But the Association of Mineworkers and Construction Union (AMCU), which represents close to 30 percent of workers in the sector, has not and it remained unclear if they would accept.

The offers vary from company to company but will see pay hikes on the basic wage for the lowest-paid, entry-level members of up to around 14 percent in the first year.

Including allowances, the deal ensures that entry-level, underground employees will receive guaranteed pay of between 13,728 rand and 14,611 rand per month in the third year.

This would equate to increases for the entire package by the third year of between 26.5 percent and 32 percent.

The four companies are AngloGold Ashanti, Harmony Gold, Sibanye Gold and Evander Gold, a unit of Pan African Resources.

They made it clear that they could not afford big hikes as they grapple with depressed prices and soaring costs in the world’s deepest mines.

http://www.mineweb.com/regions/south-africa/s-africas-biggest-mining-union-says-accepts-gold-wage-offer/

takes charge and boots the CFO    ….He’s going to get the Price UP   to avoid de listing    …Announces Stock buy back……15 mil shares

Silver Wheaton also announce Stock Buyback    20 mil shares ..enough is enough they will fight back finally..  Screw the  Shorts

Participation Rate Crashes To October 1977 Level: Americans Not In The Labor Force Soar By 579,000 To Record 94.6 Million

While the September jobs number was an absolute disaster, here is the real punchline: in September, the people not in the labor force soared by a whopping 579,000 to a record 94.6 million, up from the previous record 94.0, even as number of people employed – according to the household survey used to calculate the “5.1%” unemployment rate – tumbled by 236,000 to 148.8 million.

more http://www.zerohedge.com/news/2015-10-02/participation-rate-crashes-americans-not-labor-force-soar-579000-record-946-million

Amtrak’s “Empire Builder” is flying high over the
mountains at Essex, Montana.
http://www.railpictures.net/viewphoto.php?id=537956

McEwen Mining Announces Stock Repurchase Program

http://finance.yahoo.com/news/mcewen-mining-announces-stock-repurchase-204750429.html

McEwen Mining Announces Management Change

http://finance.yahoo.com/news/mcewen-mining-announces-management-change-205800405.html

First Majestic Completes Acquisition of SilverCrest

http://finance.yahoo.com/news/first-majestic-completes-acquisition-silvercrest-234353344.html

Revised: Barisan Gold Secures Local Indonesian Partner to Advance Indonesian Projects to Production

http://finance.yahoo.com/news/revised-barisan-gold-secures-local-080000249.html

Lets RIDE the GOLD     WAVE  Gold up $20,,,Silver .49    Plat up   Palladium up

At 8:00 AM.  Battering the Bahamas.  Moving NW at 3 MPH.  Wind speed 130.

up 142K

Major downward revisions to previous month.

DOW and USD getting spanked, pm’s attempting to rally but muted so far.

I guess the Fed’s “no rate hike” needed to be defended

Treasury shorts are burning – 10 yr yield ununder 2% to 1.92%

GAY…He coulda been Obamas’ son  ……same profile….mixed Race  White Father,Black mother  …muslim connection  ….

The similarities are uncanny  !

Gunman asked “are you a Christian” ,if yes you got shot in the Head…if not you got shot in the Leg !

He was not a student …He was from the mid west ….Why was he there ?   Was he a psychiatric  patient on meds.?

Inquiring minds want to know !

Who has something to gain by this ?  Was he subjected to brainwash technician ?

Chris Harper Mercer: Was UCC Mass Murderer Muslim? Obsessed w Muslim’s Bomb Clock, Liked to Torture Insects