Ohio State freshman opposite hitter Vanja Buklic (13) spikes the ball while team watches on Sunday, Oct. 14 at St. John’s Arena in Columbus, Ohio. Ohio State beat Michigan State in 3 matches. Credit: Claire Kudika | Assistant Design EditorAna Beatriz Franklin and Vanja Bukilic traveled long distances to play volleyball at Ohio State.Franklin’s Brazilian and Bukilic’s Serbian influences have merged their cultures and volleyball techniques among them and their teammates. From the way they drink their coffee to the way they behave on the court, the players had some adjustments to make upon joining Ohio State’s team.Both Franklin, a junior outside hitter, and Bukilic, a freshman opposite hitter, came from countries that do not offer college volleyball opportunities. It’s volleyball or education. This did not satisfy the desires of the two then-high school students. “It was really important to me to get a good education,” Franklin said. “I knew I wanted to keep playing volleyball at a really high level and I wanted to get my degree and go to college so coming here to play in the Big Ten was a win-win.”It was a win-win for the team as well. Franklin leads the team in service aces with 23 this season. Bukilic leads the team in kills with 240. Both girls had a similar decision to make when it came to leaving their home countries and moving to the United States. It was the same aspect of the team that drew them to this program rather than any other team they were being recruited for: team chemistry. “I decided to come here right when I visited,” Bukilic said. “There was always a good atmosphere. We were all just hanging out and it was fun being with them. The chemistry and coaches are the main reason I came.”Head coach Geoff Carlston traveled internationally to welcome both girls to the team and ease their nerves about leaving home to come to Ohio State. “Once I met the girls and the coaching staff, I knew it was the right place for me,” Franklin said. “Geoff went to Brazil to recruit me and he met my family which meant a lot and once I got here to campus, I just knew.”Carlston was the only volleyball coach from the United States who went to Brazil during the recruitment process. FloVolleyball, an international volleyball news organization, ranked Brazil as the No. 1 volleyball country, with the United States ranked No. 2.Styles of volleyball vary across the world. The basic rules, positions and terminology are consistent, but everything else was an adjustment for Franklin and Bukilic. “First when I came, it was hard because there is a completely different system for everything,” Bukilic said. “The style of playing is different, it is a faster game here and a lot of substitutions with the front and back row. It was hard at the beginning, but now I just got used to it.” Franklin noticed a difference in other ways. “Here, it’s a lot more physical, but at home, it’s a lot more technical,” she said. “I think it made me a better player, having to adapt a lot and change to fit the game here.”Culturally, Ohio was a whole new world. Aside from the stereotypical cornfields and cows that everyone expects when moving to the Midwest, the girls faced cultural adjustments that took more time getting used to. “People always bring coffee with them here,” Bukilic said. “At home you sit down, have a cup of coffee, talk with friends; but it’s busy life here and everything is so fast. I like it but sometimes I need to just sit and enjoy the moment.”Without visas, Bukilic’s family is not able to come to the United States to watch her in action. She mentioned YouTube as a go-to site for her family to watch her play.Bukilic plans to return to Serbia to play professional volleyball after graduation. Franklin is less certain of her future, both with volleyball and life. “I really try to stay in the moment and take one day at a time,” Franklin said. “There are a lot of great opportunities here and I would love to stay involved with OSU after graduation, but it’s hard to know. I still have two years left and there’s a lot of water to go under the bridge.”
In This Issue. * Commodity Currencies rally. * Euro remains down, but flat. * Gold gets sold again! * Singapore prints strong IP. And Now. Today’s A Pfennig For Your Thoughts. Gold Manipulator Gets Caught. Good Day! . And a Tom Terrific Tuesday to you! What a great 3-day Holiday weekend! We had to dodge a few raindrops, but other than that, sunshine and lollipops were the order of the days! I got to spend Sunday with most of our neighborhood friends at a wedding, and then Monday with the family. Little Braden Charles had a great birthday weekend as far I could tell. And the Cardinals took the series from the Reds, which makes 10 of the last 11 series they’ve beaten the Reds. The Yankees are in town for the first time since 2005, so that’s pretty cool. Other things that are cool this week, will be. Hmmm, I guess I should have stopped to think about what things might be cool this week, before I started typing, eh? HA! One headline story title on the Bloomberg this morning, says: “Gold falls to two-week low in London as Ukraine outlook weighed.” And then another one 3 stories down from that one, says,: “Ruble retreats as Ukraine violence spurs bets advance overdone.” Now, how can the ruble be retreating because of Ukraine violence, and Gold not benefit? Or, how does the ruble retreat, if the outlook for Ukraine is weighed? Reminds me of some lyrics from the Pet Shop Boys: “Too many shadows, whispering voices, Face on poster, too many choices, if, when, why, what? OK, it’s not every day that I pull some lyrics out from PSB! And it’s not every day that you see the dollar soft, but without the euro leading the charge VS the green/peachback. The Commodity currencies, for the most part were stronger yesterday, as the hardwood lump charcoal burned in my Big Green Egg, and remain stronger through the early morning trading overseas. In Europe over the weekend, they had the Eurozone Parliament elections, but from what I can see, there weren’t too many feathers ruffled there, so the euro didn’t get hurt or benefit from the elections, as most feared it would get hurt, as the “Euro-skeptics” were supposed to really raise a ruckus, but didn’t. It appears that the Bank of Japan (BOJ) has thrown their hat into the currency wars ring once again. Apparently it had gotten kicked out of the ring, but make no mistake about it. Japan wants and desires the yen to be in the ring and getting weak! On Friday, BOJ Gov. Kuroda, said he, “saw no reason for the yen to strengthen against key currencies. I don’t think it’s reasonable to expect the yen to appreciate against the dollar.” You know, as I always tell you, when a Central Banker comes out and says he wants his currency to weaken, over and over again, eventually the markets say, OK, and go along with the Central Bank. Yen will always, for some reason that doesn’t make sense to me, remain a safe haven currency, so when things get hairy, and the safe havens are being bought, yen will get bought. But other than that, yen should see selling, for the Central Banker wants it, and the Japanese fundamentals beg for it! Remember what I told you that the well-respected analyst, Grant Williams said about Japan. That they are a basket case. The Chinese renminbi / yuan appreciated VS the dollar overnight, but the move was small. The People’s Bank of China (PBOC) Gov. Zhou said that, “the economy is in a rare complicated situation, fueling concern a recover in growth will be delayed.” That didn’t help matters any, and neither did the escalating saber rattling with Vietnam. A Vietnamese Ship and a Chinese Ship collided in the open sea this weekend, but China has come out and apologized to Vietnam about the incident. First China was picking at an old wound with Japan, and now they are doing the same with Vietnam. I call this flexing their muscles, to see just how far they can be flexed. I don’t like all this stuff going on in China, as it takes away from the task at hand, which is turning around the economy. But as long as it doesn’t go anywhere from here, things should get back to normal. Remaining in the Asian region. Singapore printed a strong Industrial Production repot for April yesterday. IP for April in Singapore was up 4.6% VS a year ago, and was better than the expectations for rise of 4.3%… In addition to this a side report that didn’t get as much attention as Industrial Production, was the Confidence among Manufacturers in Singapore, which saw the index increase from +4 to a +7. This is a 6-month viewpoint, so it’s not just saying things are good today, they are saying that the Manufacturers think things will be good going forward! But even with all this good news, the Sing dollar (S$) lost ground overnight. UGH! The IMM Futures Positions report from last week, saw little in the way of movement from the previous week. U.S. dollar long positions were down, but only by 5,300 contracts. The euro, which had gone from a strong net long position before the last Eurozone Central Bank (ECB) meeting, where Draghi threw the euro under the bus, to now being in a short position, held steady last week. The short position in the euro is small at only 9,200 contracts, but it is the largest level in the euro since early February. Remember, these positions can change quickly, and should only be used a helpful assistance in your decisions to buy or sell. Well, as I told you above, Gold is down today. And the other precious metals are finding it difficult to gain this morning. It’s all about U.S. stocks these days, and as long as the Bernanke Asset Bubble machine keeps pumping air into the stock bubble, everyone that’s in stocks are happy campers.. Me? I have told you already how I feel about this stock market bubble, but Shoot Rudy, as long as the bubble keeps getting air blow into it, I guess it makes sense. But to turn your nose up at Gold is just plain wrong! I found this on zerohedge.com and I’ll give you a snippet of it, and then expect you to visit the site to read the rest of the story, that from this snippet I believe you’ll want to read the rest of the story immediately! ” Now that Gold manipulation is no long a conspiracy theory and has joined every other “tinfoil” narrative into the realm of conspiracy fact, we urge readers to catch up on both what was the story of the day, namely the UK regulator cracking down on exactly one Barclays trader for manipulating the gold price in a way that prevented him from paying out a substantial fee to his counterparty, as well as reading the full explanation of just how said manipulation was conducted.” Here’s the link: https://sp2.img.hsyaolu.com.cn/wp-shlf1314/2032/IMG15932.jpg” alt=”last_img” />
The CME Daily Daily Delivery Report showed that 88 gold and 132 silver contracts were posted for delivery within the Comex-approved depositories on Thursday. In gold, the two short/issuers were Morgan Stanley and ABN Amro with 48 and 40 contracts respectively. Canada’s Scotiabank stopped 82 of them. In silver, the two short issuers were Jefferies and ABN Amro with 84 and 48 contracts respectively. The largest long/stoppers were Scotiabank with 65 contracts, JPMorgan with 40 contracts in its client account—and Jefferies with 22 contracts. The link to yesterday’s Issuers and Stoppers Report is here. There were no reported changes in GLD—and as of 9:45 p.m. EDT yesterday evening, there were no reported changes in SLV, either. Ted pointed out on the phone yesterday that Tuesday was the cut-off for the next short position report for GLD and SLV—and that data will be posted on the shortsqueeze.com Internet site about two weeks from now. There was another sales report from the U.S. Mint yesterday. They sold 5,000 troy ounces of gold eagles—500 one-ounce 24K gold buffaloes—and 160,000 silver eagles. Over at the Comex-approved depositories on Monday, there was no in/out activity in gold. Silver, as always, was an entirely different kettle of fish, as 1,807,100 troy ounces were reported received, but only 25,337 troy ounces were reported shipped out. All of this activity occurred at Brink’s, Inc. The link to the silver action is here. Here’s yesterday’s 2-minute gold tick chart courtesy of reader Brad Robertson. Note the volumes at the bottom. This chart shows Mountain Daylight Time. Add two hours for EDT. The silver price had a bit more shape to it. After trading flat in the Far East, silver began to crawl higher starting at the London open—and hit its high at the London p.m. gold fix. From there it got sold down a bit before meeting the same fate as gold just minutes before 11 a.m. EDT. The silver price recovered off its low, but a willing seller appeared about an hour after the Comex close—and down went the price. Silver closed basically on its low of the day. According to the CME Group, the high and low tick were recorded as $21.13 and $20.67 in the September contract. Silver closed yesterday at $21.715 spot, down 18.5 cents from Monday’s close. Volume, net of July and August, was pretty heavy at 56,000 contracts, only 2,000 contracts less than Monday’s volume. The gold stocks opened in positive territory—and stayed there until “da boyz” put in an appearance minutes before 11 a.m.—and that was it for the day. The HUI closed on its absolute low tick, down 2.98%. A Black-crowned night heron photographed in the same storm-water pond that I took the photo of the Double-Crested Cormorant that appeared in yesterday’s column. 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The price action in the silver equities was very similar—and Nick Laird’s Intraday Silver Sentiment Index barely closed off its low—and down 3.26%. Gold touched, but did not break through, its 50-day moving average. Silver still has miles to go to reach that target—and I’m still of the opinion that they’re after that moving average, plus a lot more. We’ll have to wait and see how the salami is sliced in the days leading up to options and futures expiry in the August contract, which is just under two weeks away. And as I type this paragraph, the London open is twenty minutes away—and all the precious metals are about unchanged from where they closed in New York yesterday afternoon. Volumes in gold and silver are pretty light, but a touch higher than they were this time yesterday morning. The dollar index isn’t doing much. Along with the Lawrie Williams commentary from yesterday—posted above—I note that Brien Lundin pointed out the obvious in his Gold Newsletter Alert #747 to his subscribers on Tuesday. His note was headlined “Slammed—Gold takes it on the chin as speculators dump tonnes of [paper] gold for—no discernable reason.” He went on to say that “I’ve reported for a very long time about these kinds of not-for-profit sell-offs in gold, most of them coming at key points in the market that seem perfectly timed, like a small explosive charge placed at the top of a mountain, to instigate an avalanche of selling by others on the way down.“ And as I send this out the door at 5:02 a.m. EDT, not much has changed. Three of the four precious metals are up a dollar or so from Tuesday’s close—and silver is about even. Gold and silver volumes have picked up, of course, but are still on the lighter side. The dollar index is now up about 10 basis points. I wish I knew what to expect during the remainder of the Wednesday trading session. I’m still expecting JPMorgan et al to continue to pressure prices to the downside to cover their still-enormous short positions in silver especially, as that’s what past history indicates will happen. They seem to be strangely unaffected by their price shenanigans, even though it’s obvious that most market observers are now wise to their game. I suppose the best we can hope for is what Chris Powell said in the title to his article posted further up—and that is that “The more obvious they are, the closer the day of deliverance.“ We can only hope. See you tomorrow. Platinum was up a few dollars for most of the Monday trading session, but once the p.m. gold fix arrived, it got the same treatment as gold and silver. Palladium’s spike high came at 2 p.m. Zurich time, but then got sold off as well, before getting slammed moments before 11 a.m. Platinum was closed down nine bucks—and palladium five bucks. Here are the charts. The dollar index closed in New York on Monday afternoon at 80.17. From there it didn’t do much until 1 p.m. BST in London, which was 8 a.m. EDT in New York. Three hours later at precisely 11 a.m. EDT, the index was at its 80.40 high—and from there it didn’t do much, closing the Tuesday session at 80.38—up 21 basis points. Sponsor Advertisement I have considerably fewer stories today—and I hope you’ll find some of them of interest. The concentrated short position of the 8 largest silver shorts, at nearly 68,000 contracts (340 million oz) is the highest in four years. As I believe I indicated before the rally commenced, the key would be if the concentrated short position—and that of JPMorgan—increased dramatically. Up until this week, the increase in concentrated shorts hasn’t been dramatic, but I still get the sense that the big 8 shorts—and certainly JPMorgan—are the DH’s, or designated hitters on the short side of silver – that come into the game at critical times. Now is such a critical time in silver. On the buy side of COMEX silver, it was all technical funds, as these traders bought more than 7,700 contracts, including nearly 6,300 new longs, while buying back more than 1,400 short contracts. The extreme market structure change in COMEX silver since June 3 is truly stunning. In a matter of six weeks, the technical funds have gone from a record large net short position to very close to a record net long position. Never has that occurred before. – Silver analyst Ted Butler: 12 July 2014 Well, “da boyz” didn’t take a very big slice out of the precious metals during the New York session yesterday, so we’ll have to see what today brings. Gold’s net volume was down quite a bit from Monday, but silver’s volume on Tuesday was about the same as Monday’s, even though silver got closed down only 18.5 cents. I’m hopeful that most of Tuesday’s trading volume will appear in Friday’s Commitment of Traders Report. Here are the 6-month charts for gold and silver updated with yesterday’s data. We’ll have to wait and see how the salami is sliced The gold price did virtually nothing for most of the Tuesday trading session. There was the smallest hint of a rally in early morning trading in London—but from it’s ‘high’ gold got quietly sold down until it was back to basically unchanged from Monday’s close. That point came minutes before 11 a.m. in New York—and the London close. Then the HFT boyz put in an appearance—and gold was down twelve bucks in minutes. After that it chopped sideways into the close. The high and low ticks were recorded as $1,314.00 and $1,294.30 in the August contract. Gold closed in New York on Tuesday at $1,293.60 spot, down $13.20 from Monday. Net volume was pretty decent at 148,000 contracts.