Jim Sinclair’s Commentary
Why are we worried when our Mexican border is completely open to everyone? Come on government officials, pick up your knuckles when you walk
US F-22 Jets Intercept 6 Russian Warplanes 55 Miles Off The Alaskan Coast
Tyler Durden on 09/20/2014 10:31 -0400
Yesterday it was the UK which scrambled a squadron of Typhoon jets when two Russian Tu-95 "Bear" Bombers had gotten too close to its shores, even if still located in international space. Then overnight, none other than the US did the same when two F-22 fighter jets intercepted six Russian military airplanes just over 50 miles away from the western coast of Alaska, military officials said Friday, among which identified as two IL-78 refueling tankers, two Mig-31 fighter jets and the same two "Bear" long-range bombers, which are known to carry tactical ICBMs with nuclear warheads among their arsenal.
According to the AP, they looped south and returned to their base in Russia after the U.S. jets were scrambled.
Lt. Col. Michael Jazdyk, a spokesman for the North American Aerospace Defense Command, or NORAD, said the U.S. jets intercepted the planes about 55 nautical miles from the Alaskan coast at about 7 p.m. Pacific time Wednesday.
Additionally, at about 1:30 a.m. Thursday, two Canadian CF-18 fighter jets intercepted two of the long-range bombers about 40 nautical miles off the Canadian coastline in the Beaufort Sea.
In both cases, the Russian planes entered the Air Defense Identification Zone, which extends about 200 miles from the coastline. They did not enter sovereign airspace of the United States or Canada.
Jazdyk said the fighter jets were scrambled “basically to let those aircraft know that we see them, and in case of a threat, to let them know we are there to protect our sovereign airspace.”
Emergency lockdown in Sierra Leone: 6mn confined to homes in bid to contain Ebola
Published time: September 20, 2014 11:55
Edited time: September 20, 2014 14:24
All Sierra Leone’s six-million population have been confined to their homes. The three-day shutdown is a desperate bid to fight the outbreak, as US health officials warn the disease could spread to over half a million people.
"Today the life of every one is at stake, but we will get over this difficulty if all do what we have been asked to do," President Ernest Bai Koroma said in a national address on Thursday, a day before the shutdown was due to come into force.
People were in a hurry ahead of the edict to buy food. Shopkeepers were distraught at the prospect of losing three days’ worth of income, given that much of the country’s population, including the capital Freetown, live on as little as $2 a day or less. Each day is a struggle.
"If we do not sell here we cannot eat," one vegetable vendor told the AP. "We do not know how we will survive during the three-day shutdown."
The shutdown has left only essential security and medical personnel, as well as volunteers, patrolling the streets, making door-to-door visits to search for disease-stricken civilians who may be hiding.
Thousands have been reported to be evading the lockdown, bypassing the border health controls, reported Euronews. Health officials told the channel that people were breaking through the bush in waves, fearing they could be taken away if discovered to be carrying the virus.
War over? Both sides in Ukraine conflict sign treaty banning military action
Published time: September 19, 2014 23:59
Edited time: September 20, 2014 10:35
Kiev and self-defense forces signed a memorandum aimed at effectively halting all fighting in eastern Ukraine after talks in Minsk. It creates a buffer zone, demands a pullback of troops and mercenaries, and bans military aviation flybys over the area.
The signed memorandum consists of nine points, former Ukrainian president Leonid Kuchma told journalists following peace talks in Minsk, Belarus.
“The first [point] is to stop the use of weapons by both sides; the second is to stop all military and militia units in their positions as of September 19. The third is to ban the use of all types of weapons and offensive action,” former Ukrainian president Leonid Kuchma, who represents Ukraine at the talks, told journalists.
The agreement outlines a buffer zone of 30km free from heavy weapons and bans all military aircraft from flying over the rebel-controlled part of eastern Ukrainian territory. An exception is being made for the surveillance drones used by the OSCE to monitor the situation, Kuchma said.
Kiev said it would start the pull-back of heavy weapons under the agreement starting on Saturday.
Is World Gold Council’s CEO angling for a tin-foil hat?
Submitted by cpowell on 06:40AM ET Saturday, September 20, 2014.
Section: Daily Dispatches
9:41a ET Saturday, September 20, 2014
Dear Friend of GATA and Gold:
MineWeb’s Lawrence Williams reports today an interesting comment by the World Gold Council’s chief executive, Aram Shishmanian, about the opening of the international subsidiary of the Shanghai Gold Exchange
"The growth of the Shanghai Gold Exchange to become the world’s largest physical gold exchange provides compelling evidence that the future for gold is physical," Shishmanian said. "As the market shifts from west to east, the expansion of strong gold trading hubs in Asia will improve price discovery, liquidity, transparency, and efficiency, all of which will transform the landscape of the global gold market."
So, then, does the World Gold Council believe after all that the present gold market is not really physical and transparent at all but rather shadowy and highly manipulated by derivatives and that, as a result, price discovery needs to be improved?
That kind of talk could sound like an application for a tin-foil hat. Williams should ask Shishmanian whether he wants one. We here at GATA’s tin-foil hat factory would be delighted to oblige.
Williams’ commentary is headlined "The Future for Gold Is Physical" and it’s posted at MineWeb here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Ukraine: rebels and government troops to retreat following peace deal
Agreement calls for creation of a 30km (19 mile) buffer zone between opposing sides with each moving its troops back by 15km
By Tom Parfitt, Moscow
12:00PM BST 20 Sep 2014
Pro-Russian rebels and government forces in Ukraine are expected to retreat from frontline positions on Saturday after a new peace plan was signed following overnight talks.
The nine-point agreement envisages the creation of a 30km (19 mile) buffer zone between the opposing sides, with each moving its troops back by 15km.
Representatives of Russia, Ukraine, the separatists and the Organisation for Security and Cooperation in Europe (OSCE) reached the deal.
A ceasefire between the two warring sides signed on September 5 in Minsk, Belarus, has held despite frequent and serious violations, including shelling that caused numerous civilian deaths.
The new agreement, also reached in Minsk, demands that artillery units should pull back out of range and places a ban on flights by combat aircraft over the conflict zone in eastern Ukraine. It also prohibits the laying of new minefields. OSCE teams will monitor the demilitarised zone, which must be set up within 24 hours of the agreement being signed.
While the plan provides an avenue to calm the hostilities, it does not address the status of the Donetsk and Luhansk regions where pro-Russian separatists have set up two "people’s republics" free from Kiev’s rule.
Algos Gone Wild: BABA "Glitch" Halted 7 Seconds, "100s Of Flash Crashes" Into Close
Tyler Durden on 09/19/2014 16:43 -0400
As business media pats itself on the back for the BABA IPO, proclaiming how it’s the most important, and biggest IPO of all-time and on "the most efficient and transparent" exchange, perhaps it was just oversight that they forgot to mention BABA’s 7-second halt "glitch" this afternoon as BABA trading exceeded 25% of all volume at some points. But that was minor compared to the utter clusterfuck that occurred as AAPL shares started to tumble and, as Nanex points out, 100s of individual stocks instantly flash-crashed and dashed by over 1% at 1550ET as the Russell rebalanced. These are your unrigged, transparent, efficient markets…
Via Nanex, BABA Algo trading was massive…
During the first 20 minutes, $BABA often exceeded 25% of all trading volume in NMS stocks pic.twitter.com/gnKVhI9psZ
— Eric Scott Hunsader (@nanexllc) September 19, 2014
The BABA 7-second glitch is what happens all the time at much smaller intervals (< 1ms): the source of #HFT profits
G20 nations want Vladimir Putin at summit despite Ukraine tensions
Russian president set to attend the G20 leaders’ summit in Australia despite anger about MH17 and conflict in Ukraine
Friday 19 September 2014 23.40 EDT
Vladimir Putin is set to attend the G20 leaders’ summit in November despite alarm over Russia’s actions in Ukraine.
Australia, which is hosting the gathering, said on Saturday it was the “emphatic” wish of member nations that the Russian president attend.
There had been question marks over whether Moscow should be invited to the high-powered forum in Brisbane with the brutal five-month conflict that has killed around 3,000 people unresolved.
Opposition to Putin’s attendance intensified after a Malaysia Airlines plane was shot down over eastern Ukraine in July, killing all 298 onboard including 38 Australian citizens or residents.
Kiev and the West have accused separatists of downing it with a surface-to-air missile supplied by Russia – a charge Moscow denies.
As the G20’s rotating president, Australia has been canvassing the views of other member nations about what to do. Despite Western concern about Moscow’s territorial ambitions, the Australian treasurer, Joe Hockey, said the consensus was that Russia should attend the leaders’ summit to help address the geo-political tensions.
“If one party is to be excluded for various reasons then it requires the agreement of all parties to the G20,” he said at a meeting of G20 finance ministers and central bank governors in the northern Australian city of Cairns.