New High Capacity Nutrient Applicator available from John Deere

first_imgShare Facebook Twitter Google + LinkedIn Pinterest Company introduces more rugged, comfortable, high-volume variable-rate applicatorTo help ag service providers and large-scale producers apply fertilizer and lime to more acres per day during short, busy application seasons, John Deere introduces the F4365 High Capacity Nutrient Applicator.This new machine offers increased capacity with a 330-cubic foot New Leader dry spinner spreader that can apply fertilizer at rates up to 1,100 lbs. per acre and lime at rates up to 6,600 lbs. per acre. Another important feature is the machine’s ability to variable-rate apply up to four different products during a single pass, with spreader widths of 60 to 90 feet.The F4365 High Capacity Nutrient Applicator is powered by a John Deere PowerTech™ PSS 9L engine and features an IVT transmission. These machines integrate the latest in technology, including a new Generation 4 CommandCenter™ Display with SpreadStar™, AutoTrac™, and Section Control at your fingertips.These machines are also equipped with JDLink™ Connect with Service Advisor Remote and Wireless Data Transfer to connect your fleet. AgLogic is available to optimize the machine with the tendering fleet and maximize productivity. All this is designed to ensure accurate product placement and make it seamless and easy to collect and transfer important data.“We’ve designed the F4365 to be the best-in-class high capacity nutrient applicator in terms of performance and productivity in the field,” says Dave Mulder, product manager with John Deere Crop Care. “We’ve improved the overall durability, ride quality, and operation of this machine, and extended service intervals to make service and maintenance easier – all to increase uptime in the field.”In addition, John Deere has enlarged and enhanced the operator environment with a CommandView™ III cab, making it more comfortable and quieter for operators spending long days running over rough field conditions. Plus, the company has improved seat swivel and added cameras to give operators better visibility to the field, dry box and rear spreader pattern. These new machines have a 46 mph road transport speed and up to a 30 mph application speed, reducing the time it takes to get between fields and over fields.“The versatility, dependability and productivity of the F4365 applicator is what sets it apart from other self-propelled applicators,” Mulder adds. “Service providers and large-scale producers can cover more acres faster, and in greater comfort, with the ability to variable-rate apply up to four different fertilizers in a single pass.”For more information on the new F4365 High Capacity Nutrient Applicator, contact your local John Deere dealer or visit www.JohnDeere.com/ag.last_img read more

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Can Bathroom Fans Be Used to Distribute Heat?

first_imgWhere to run the ductsSemmelhack agrees that a Fujitsu system would be a good fit for Debra’s new house, as long as the air handler and the ducts are located entirely within a conditioned space. He could imagine several ways of accomplishing this in a one-story house in Virginia, including putting the equipment in a conditioned crawl space.Debra is planning on a vented attic and a conditioned crawl space, but she doesn’t think that putting any equipment in the space below the house is a good idea.“I’ll have a vented attic, and a closed conditioned crawl space,” she writes. “But I’m a bit concerned about installing the air handler even in a conditioned crawl space, as I’m rather hyper reactive to mold and still paranoid about exposure to crawl spaces. That’s one reason I’m considering installing the interior fans, to help circulate the bedroom air back to the main room for conditioning and dehumidifying.”A dropped ceiling in a 15-foot-long interior hallway might provide enough room for the equipment, she says, but it would require 8-foot duct runs to reach both the bedrooms and the main living area. “Not exactly very short runs,” she says.That’s a question a Manual D calculation would answer, Jon R replies, although he imagines that the Fujitsu could handle duct runs much longer than what Debra is considering. Our expert’s opinionGBA technical director Peter Yost adds this:I wish I could say I have a conclusive answer to this question: Can you use exhaust fans to create adequate distribution and mixing in bedrooms that are not served by a central ducted system?My own perspective: By the time you purchase two quality fans that are quiet enough, energy-efficient enough, and easily adjusted, you might as well go with a dropped-soffit, ducted hallway solution. Additionally, we need to let go of concerns around installing equipment in properly detailed, conditioned crawls and attics; it’s an irrational bias based on our history of thoroughly confused and dysfunctional “vented” crawls and attics.But I am no HVAC expert, so as I usually do, I checked in with, first, a local HVAC expert — Mark Russwick of ARC Mechanical and then with someone I respect who has actually deployed this type of distribution solution — Carl Seville at SK Collaborative.First, Mark Russwick:“I’m not a fan, no pun intended, [but] will this work in Virginia? Yes, most likely, but the bedrooms are slaves to whatever is happening in the main room and I find bath fans noisy. It’s too bad that someone doesn’t make a single-zone, down-flow air handler, heat pump split system.”Second, Carl Seville (based on comment #18 in the original Q&A thread and this GBA blog of Carl’s):“It works quite well. When there are no guests we leave all upstairs bedrooms doors open and the [minisplit] head in the hallway conditions the upstairs fine including the master suite — we don’t even turn on the head in the master under those conditions.“When we have guests and close the bedroom doors, we use a 190 cfm exhaust fan located above the hallway minisplit that is ducted into the two front bedrooms. It is on a relay that turns it on whenever the minisplit is on with an override switch that allows us to turn if off when we don’t want to use it. (We keep it off most of the time.) We will also turn on master bedroom head as well when doors are closed.“The front bedrooms have jumper ducts to the hallway to equalize pressure when the doors are closed and the fan is running. We have found that without the fan, the bedrooms will be noticeably warmer or cooler or more humid than the rest of the house if doors are closed. This summer my wife was ironing in one room with the door closed and the fan off and it was about 10 degrees hotter than the rest of the house. With that tight an envelope (0.88 ach50) even an iron can heat up a room.”My parting perspective: Carl’s home, its performance, and the configuration of his exhaust fan solution all are significantly more honed than the dual exhaust fan approach that Debra is proposing. Carl’s solution isn’t really evidence that contradicts my or Mark’s concerns; rather, I think it supports the need for a more sophisticated approach. RELATED ARTICLES Could bath fans help keep air fresher?If using low-volume bathroom fans won’t solve the heat distribution problem, Bill Dietze wonders, wouldn’t they at least help keep air in the bedrooms seem fresher?“If the doors were shut at night or a teenager wanted the door shut all the time, then it seems to me that an extra 30 to 50 cfm per bedroom might be nice,” he writes.If fresh air is the goal, Holladay replies, the best approach would be a mechanical ventilation system — ideally a balanced system that both exhausts stale air and blows in fresh air from the outside. Either a heat recovery or energy recovery ventilator would work.“If you have odors,” he says, “the idea is to remove stale air from the smelly rooms, and introduce some fresh outdoor air.” Sorry, the plan won’t workGBA senior editor Martin Holladay gives Debra two reasons why this is not a good idea.“The first relevant factor is the specific heat of air, which is relatively low. In other words, a cubic foot of air can’t hold much heat,” Holladay writes. “The specific heat of air is 0.0182 Btu/cf/°F.“The amount of heat that a fan can move is calculated using this formula:“Heating BTUs = (cfm of the fan) x (delta-T) x 1.08“It isn’t much.”There’s another reason, he adds, and that’s the relatively low delta-T (the difference in air temperature between the main room and the bedrooms). Holladay explains it this way:“It’s really hard to raise the temperature of a 65°F room using 72°F air. It’s a lot easier to do that with a furnace, because the furnace has access to 150°F or 160°F air.” Plus, a furnace would have a much more powerful fan, one capable of moving 800 cfm, not the 150 cfm that’s possible with a bathroom fan.“The bottom line: Install a ductless minisplit in the main living area,” Holladay says. “Your bedrooms will probably be comfortable if your house has a good thermal envelope, and if your bedroom windows aren’t very big. If you are worried, install a small electric heater in each bedroom. You probably won’t need to turn on the electric heater very often, if at all.” This simplified heat distribution system would let Debra skip baseboard heaters and programmable thermostats for the bedrooms. But will it work?That’s the topic for this Q&A Spotlight.center_img Still, the fans would helpHolladay’s formula suggests to Debra that bathroom fans, while maybe not a perfect solution, would certainly help. She thinks they could provide at least half the heat the bedrooms would need when doors are closed at night (“one of us snores loudly,” she explains).“So, the fans would reduce how cold the rooms will get,” she says. “And the baseboard heaters would supplement that, if needed. I might not mind bedroom temperatures down to 60°F.”“We’ll leave the bedroom doors open during the day,” she says. “We can’t afford a second minisplit for the bedrooms, but are seriously considering using one for the main living area.”Jon R adds that a 150 cfm fan will move about one-half the heat provided by an open door. If Debra does decide to use fans, he suggests installing them in pairs — one for supply and one for exhaust. The ducted minisplit solutionGiven Debra’s estimated heating loads, Dana Dorsett suggests a 1.5-ton Fujitsu Halcyon would work, or possibly even the smaller 1-ton unit.Unlike a wall-mounted ductless minisplit head, a ducted minisplit distributes conditioned air to nearby spaces via a fan and dedicated ducts. But the units are not nearly as powerful as a conventional air handler, and duct layout is crucial.“The layout matters, and don’t put the ducts up in an unconditioned attic,” Dorsett says. “The miniduct cassette need not be placed in the utility room. They’re pretty small, and can be installed in the ceiling of a closet or in a small drop-down soffit, but it has to be planned for. Unlike their competitors, the Fujitsu units can be mounted vertically in a small side-compartment to a closet or wall, making access for maintenance and service pretty easy.“These things aren’t nearly as powerful as bigger-deal air handlers, and these systems take some amount of careful design and installation competence, but it seems like the ‘right’ solution to your house,” Dorsett adds. “Mounting it somewhat central to the house with very short duct runs helps. Doing the traditional duct-designer’s approach of running the ducts all the way to the exterior walls placing the register under/over a window probably won’t work.”A vertically mounted ducted unit was described in a similar thread last year by John Semmelhack, Dorsett notes. In that thread, Dorsett cautioned that finding an HVAC installer who could design ducts for such a system might prove tough.In Debra’s case, Dorsett says that assuming heating loads in the rooms that will be closed off from the rest of the house are very low, they could still be kept comfortable with the heat provided by a wall-mounted minisplit in the main area. “But,” he adds, “that usually involves limiting the window sizing in the bedrooms and using triple-pane glazing in those rooms.” Debra’s new house in southwestern Virginia will be a one-story design of 1,344 square feet with half the space devoted to a single, open room and the remaining area divided into two bedrooms, two baths, and a utility room. The main source of heat will be in the open room, and in the absence of a conventional forced air heating system, Debra’s quandary is how to distribute the heat evenly.Heating loads for this Climate Zone 4A house are relatively modest — about 14,000 Btu per hour. Between small baseboard heaters and leaving doors open, the bathrooms and utility room should have enough heat. It’s getting heat to the bedrooms that’s looking more problematic. In a post at the Q&A forum, Debra wonders whether low-output bathroom fans can be used for heat distribution.“We are interested in using a couple of Panasonic bathroom fans to send warm air from the main room to each bedroom, using 6-inch metal ducts going straight about 15 feet (within the building envelope),” she writes. “The fans have adjustable speeds, and at the highest speed of 150 cfm they could change over the air in each bedroom in just 7 minutes (which might be too much).“Seems like that could do a fairly decent job of evening out the heat between the main room and the bedrooms,” she continues. “I don’t care if the bedrooms are a few degrees cooler, though.” Using a Bath Fan to Equalize Room TemperaturesGreen Basics: Heat DistributionJust Two Minisplits Heat and Cool the Whole HouseRules of Thumb for Ductless Minisplits Will Minisplits Replace Forced-Air Heating and Cooling Systems? Ductless Minisplits May Not Be As Efficient As We ThoughtAnother North American Magic Boxlast_img read more

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Baker Mayfield Calls It “Ridiculous” That Buddy Hield Didn’t Win Player Of The Year

first_imgA closeup of a helmetless Baker Mayfield.NORMAN, OK – DECEMBER 3: Quarterback Baker Mayfield #6 of the Oklahoma Sooners during warm ups before the game Oklahoma State Cowboys December 3, 2016 at Gaylord Family-Oklahoma Memorial Stadium in Norman, Oklahoma. Oklahoma defeated Oklahoma State 38-20 to become Big XII champions. (Photo by Brett Deering/Getty Images)Thursday afternoon, it was announced that Michigan State’s Denzel Valentine – not Oklahoma’s Buddy Hield – had won the AP’s Player of the Year award in college basketball. Valentine had a fantastic season, leading MSU to a Big Ten Tournament title and a 2-seed in the NCAA Tournament, but there is certainly a faction of fans who believe that Hield, whose dominance has been on display the past two weeks, was the most deserving player.Oklahoma quarterback Baker Mayfield – who is probably a little biased – is one of them. Mayfield took to Twitter this afternoon to call it “ridiculous” that Valentine won the award over Hield. He even went as far as to say that Hield got “robbed.”This is ridiculous, POTY is supposed to go to the best player. Our man got robbed. Plus who’s team is still playing? https://t.co/k0uiq17kur— Baker Mayfield (@baker_mayfield6) March 31, 2016Whoever voted on this should be ashamed of themselves. We know who the real POTY is. Buddy deserves it, and he’ll show us why these next 2— Baker Mayfield (@baker_mayfield6) March 31, 2016Mayfield also noted that it’s Hield’s OU squad, not Valentine’s MSU, that is still playing.We imagine that Mayfield’s opinion will be popular in Norman.last_img read more

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Three RCMP officers injured arresting Trans Mountain pipeline demonstrators

first_imgAt least 28 demonstrators were arrested at the site over the weekend after they zip-tied themselves to a gate.A B.C. Supreme Court judge issued an order preventing protesters from being within five metres of two works sites at Trans Mountain terminals in the Metro Vancouver city.The injunction is indefinite, allowing Trans Mountain to continue work that was approved by the federal government to twin the existing pipeline from Edmonton to Burnaby. BURNABY, B.C. — The RCMP say three officers suffered minor injuries while making arrests Monday evening at demonstrations against the expansion of the Trans Mountain pipeline in Burnaby, B.C.The Mounties say one officer suffered a head injury after being kicked, another suffered a knee injury and a third injured a hand.The four arrests between 7:30 p.m. and 10 p.m. Monday evening were in addition to 15 made earlier in the day.last_img read more

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Twitterati hail TikTok ban in India

first_imgNew Delhi: Twitter was flooded with memes and funny videos after a ban on Chinese short video-sharing app TikTok made it unavailable to download from Google Play Store and Apple’s App Store in India. “Saddened to hear about the demise of TikTok India. Two minutes of silence for the TikTok users who mentioned ‘Actor’ in their Bio,” a user wrote on Twitter. “Thank God and the Indian judiciary for the ban!! Hat’s off to you sir Advocate S. Muthukumar for filing this petition to save our youth,” another user tweeted. Also Read – India gets first tranche of Swiss bank a/c details TikTok India had been on the radar for its “pornographic and inappropriate” content. Earlier this month, the Madras High Court ordered a ban on the app on a plea by Advocate Muthu Kumar. On April 3, the Supreme Court refused to stay the Madras High Court order following which the Ministry of Electronics and Information Technology asked Google and Apple to block the app. TikTok’s ban only means that new users won’t have access to the app on Google and Apple devices. Owned by Chinese technology company ByteDance, TikTok claims that it has over 120 million monthly active users in India.last_img read more

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Heat no bar 45 percent polling between 9 am and 1 pm

first_imgKolkata: There is something interesting to note if somebody delves deep into the voting percentage of Bengal in the sixth phase of elections on Sunday.Seven of the eight constituencies in the state recorded more than 80 percent voter turnout and interestingly, 45 percent of the total votes were cast from 9 am to 1 pm when the afternoon heat was almost unbearable with temperature shooting up over 35 degrees, coupled with the high humidity level causing profuse perspiration and discomfort. Also Read – Bengal family worships Muslim girl as Goddess Durga in Kumari PujaThe overall polling percentage in the state stood at a whopping 83.46 percent, which is far ahead of Haryana that ranked second with 70.31 percent and Madhya Pradesh at third that recorded a polling percentage of 65.25. Kanthi recorded 85.81 percent polling – the second highest in the state as well as in the country after Bishnupur. The figures of the Commission revealed that from 9 am to 1 pm, the East Midnapore constituency witnessed 45.9 percent voting. In the first two hours (7 am to 9am) Kanthi recorded 12.50 percent voting, which rose to 57.09 percent at 1 pm. More than half of the total votes in Kanthi were cast during these four hours. Also Read – Bengal civic volunteer dies in road mishap on national highwayPurulia, which recorded a polling of only 16.92 percent in the first two hours, had a jump 39.68 percent taking the total percentage to 56.60 percent at 1 pm. This was an increase of 48.22 percent on the total polling in the constituency. The Jhargram seat recorded an increase of 46.51 percent and Tamluk had an increase of 46.55 percent of the total votes polled in the respective constituencies. Even Bankura with 78.50 percent – the lowest voting percentage among the eight constituencies in the state, witnessed a jump of 52.48 percent on the basis of the total number of votes cast in the constituency in these four hours. The district that had a voting percentage of only 11.62 percent in the first two hours of polling, recorded an increase of 41.2 percent taking the voter turnout to 52.82 percent in the next four hours. Bishnupur is the only constituency that had an increase of 33.95 percent in these four hours. The percentage calculated on the total number of votes polled revealed that this parliamentary constituency in Bankura had an increase of only 38.36 percent – the lowest increase among the eight constituencies. Interestingly, among the 59 constituencies that went to polls on Sunday, all the top spots were bagged by the eight LS seats in Bengal. Bishnupur topped with 87.36 percent, followed by Kanthi (85.81 percent), Jhargram (85.39 percent), Tamluk (85.32 percent) and Bankura (78.50 percent).last_img read more

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Concerned over reports of alleged tampering of voters verdict Pranab

first_imgNew Delhi: Joining the ongoing controversy over EVMs, former President Pranab Mukherjee Tuesday expressed concern over the alleged tampering of voters’ verdict saying the onus of ensuring institutional integrity lies with the Election Commission, which should put all speculation to rest. He also said there can be no room for speculation that challenge the very basis of Indian democracy. “I am concerned at reports of alleged tampering of voters’ verdict. The safety and security of EVMs which are in the custody of ECI is the responsibility of the Commission,” he said in a statement posted on his Twitter handle. Also Read – India gets first tranche of Swiss account details under automatic exchange framework People’s mandate is sacrosanct and has to be above any iota of reasonable doubt, he said. “The onus of ensuring institutional integrity in this case lies with the Election Commission of India. They must do so and put all speculation to rest,” he said. Mukherjee said as a firm believer in the country’s institutions, it is his considered opinion that it is the ‘workmen’ who decide how the institutional ‘tools’ perform. Protests broke out in some parts of Uttar Pradesh on Tuesday after videos of alleged movement and tampering of EVMs went viral on social media, a charge dismissed by the EC as “frivolous” and “unfounded”. The Congress said the EC should take immediate and effective steps to address the complaints of movement of EVMs from strongrooms from various parts of the country. Top opposition leaders, who met here on Tuesday, also decided to move the EC to press for their demand of tallying the paper trail of votes (VVPATs) with the EVM figures.last_img read more

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In This Issue… Currencies metals swing wildly

first_imgIn This Issue… * Currencies & metals swing wildly… * Merkel sends the euro to the woodshed… * BOC leaves things the way they were… * Swedish krona is best overnight performer! And, Now, Today’s Pfennig For Your Thoughts! Will They Ever Learn? Good day… And a Wonderful Wednesday to you! What a crazy day in the risk markets yesterday! We had the Big Ben testimony on the economy, (more on that in a minute) making me feel as though I was getting spun around and around… The great song by Blood, Sweat & Tears, called spinning wheel kept popping into my head as I watched the currency screens… It was downright crazy folks… For all you youngsters that don’t know the song… here’s a snippet: What goes up, must come down, Spinnin’ wheel, got to go round. Talkin’ ‘bout your troubles, it’s a cryin’ sin… Ride the Painted pony, let the spinnin’ wheel spin… OK… here’s the skinny on what I’m talking about… So, yesterday morning I told you how the traders and hedge fund gurus were selling the dollar ahead of the Big Ben Bernanke testimony, in hopes that he would use that stage to announce additional stimulus for the economy / markets. I told you how they would be disappointed and therefore the downside risk was great. You may recall that the euro was playing peek-a-boo with the 1.23 handle… OK.. the stage is set… and then… Big Ben never even mentioned additional stimulus… So the selling of the dollar spun around, and the risk asset were on the selling blocks. The euro fell from 1.23 to 1.2185… Ahhh grasshopper, we weren’t finished… Having been disappointed once again, the market gurus, said, OK… “but isn’t he going to talk again tomorrow, this time to the House?” Why yes he is! And, so once again they began to sell dollars, in hopes that Big Ben would change his testimony on the economy to include an announcement of additional stimulus… up, down, up, down, up, down.. Crazy! Which brings me to this question for the markets… Will you ever learn? Of course, most “real diversification investors” just watch these moves and shake their heads in disgust for the noise it creates… They don’t get caught up in these crazy moves on days like yesterday… That’s for the “trader guys”… let them get caught up in all that! Well… there I was trying to get work done yesterday, when I looked up to see some of the text that Big Ben Bernanke was delivering in his speech to lawmakers on the outlook for the economy. You know, the testimony that traders et al. were all lathered up about yesterday morning… And what to my wondering eye did appear? But the Fed Chairman delivering a very somber, bleak message assessment of the U.S. economy to the lawmakers… I actually kept waiting for Roy Clark and Buck Owens to pop out of the crowd, and begin singing… gloom, despair, and agony on me… deep dark depression, excessive misery… if it weren’t for bad luck, I’d have no luck at all… gloom, despair and agony on me… HEY! Maybe Big Ben has become a Pfennig Reader! Nahhhhhhh… I doubt that would ever happen! But rest easy my dear readers… For the Fed Chairman made sure the lawmakers knew that “the Fed is prepared to take action should the economy weaken”… Yes, we can all rest easier now…Did you see any of the testimony and the questions the lawmakers asked? Why didn’t they ask Big Ben about how his “additional stimulus” has done so far? Why didn’t they ask him about the new way money is created in the U.S? Does it not border on counterfeiting? What? I hear you saying… OK… the other day, I was reading some research, and the writer, was explaining how guys that keep saying that the Fed is printing money, are wrong… They don’t really “print” money any longer… They make entries into a computer… it’s called the System Open Market Account at the Fed Reserve N.Y. Are these entries actually considered to be, “legal tender”? So many questions they could be asking Big Ben while they have him in front of them… like what did, they have to do, if anything, with the LIBOR rate fixing scandal? Any way… none of the good things were asked of the Fed Chairman, and he skedaddled out of the Senate before they could ask him any tough questions.. Now, it’s on to the House… Nothing will change there, folks… OK… let’s go on to other things… I could spend all morning on that stuff! So, we had the risk assets spinnin’ around yesterday… This morning, there is some trepidation with the markets gurus with their conviction that Big Ben will help them out… And so, the recovery we saw yesterday afternoon with the risk assets is on shaky ground this morning. Maybe the markets gurus have finally figured out that The Fed is going to do nothing but disappoint them, time and time again… maybe… but then, it is the markets gurus… they sometimes act as though they are not the sharpest tool in the shed… The Bank of Canada (BOC) left rates unchanged yesterday, just as I thought they would, and continued to say that “some modest withdrawal of the present considerable monetary policy stimulus may become appropriate”… Hey, folks… that’s central bank parlance for, “we would love to hike rates, but something has got to change in the U.S. and Eurozone before we do that”… The Canadian dollar/ loonie was all caught up in the spinnin’ ‘round yesterday, so this BOC keeping their interest rate powder dry, didn’t do much on a day like yesterday… The Aussie dollar (A$) traded above $1.03 yesterday… And today, it’s right there once again! And the rest of Asia is also stronger this morning. China allowed the renminbi / yuan to gain this morning, and when that happens you can bet your sweet bippie that the Singapore dollar is right on the renminbi’s tail… I write a monthly article for the World Money Analyst, that’s published by the International Man… and I highlighted this connection between the renminbi and Sing dollar this month… Have you been following the Peregrine Financial Group disaster? I found this statement by CFTC Chairman Gary Gensler to be very interesting… You know the firm where the CEO faked statements for over 20 years, and spent all the customer funds? “U.S. Commodity Futures Trading Commission Chairman Gary Gensler told the Senate agriculture committee that regulators failed customers of Peregrine Financial Group, which recently collapsed. Gensler vowed that his agency will do better and outlined measures that he said should help.” I could really dig my heels in here and talk about the CFTC and the manipulation going on with Gold & Silver, but… the, kinder, gentler Chuck, isn’t going to be hooked by the bait… it’s tempting, but, I’ll leave the whole thing up to your imagination… Oh… and Gold is down $5 this morning… Since reaching $1,595 the other day, it has slid down the slippery slope to $1,578… I look at this trading in Gold (& Silver) and just shake my head in disgust, that we’re still talking about Gold below $1,600… I can’t help but think that this is like this because the market gods want everyone to own Gold, and are giving them time to buy it at these cheaper levels… Call me crazy… That’s OK, you wouldn’t be the first person to call me crazy… The euro is seeing some additional weakness this morning from comments that came from Germany Chancellor Angela Merkel, who said that the “European project is at risk unless policy makers work harder.” Traders are looking at these words and thinking that there is still a very wide divide between Germany and those Eurozone members that would like to issue a Eurozone bond… Things had been pretty quiet this week so far, with the Eurozone, and their debt crisis, until now… Just shows to go you that you have to keep one eye on the Eurozone, and the other on the rest of the markets… I guess I can’t do that… but you can! I got a few minutes to work on my Vancouver presentations yesterday… and I borrowed a slide from the Big Boss, Frank Trotter, that brings up all kinds of news items randomly on the screen, and I talk about how it’s difficult to focus on one thing in the markets these days, and then in great BIG Bold Letters GREECE appears… yes, the markets continue to be fixated on Greece’s problems… They refuse to look at the problems in the U.S. states… There was an article on YAHOO Finance that reader/ friend, Scott, sent to me last night on the problems with the U.S. states… here are a couple snippets from the article: “U.S. states face long-term budget burdens that are already limiting their ability to pay for basic services such as law enforcement, local schools and transportation. Aging populations and rising health care costs are inflating Medicaid and pension expenses. At the same time, revenue from sales and gas taxes is shrinking. And grants from the federal government, which provide about a third of state revenue, are likely to shrink. The state’s financial problems aren’t just a result of the recession and slow recovery. They have built up over years. Many states have already cut spending on public university and infrastructure projects. California has cut its spending on state universities 12.5 percent in the past five years, the report said. South Carolina has reduced its support 30 percent in that period, the deepest cuts in the country. Florida and Iowa have cut higher education spending about 25 percent.” Chuck again… these cuts are just drops in the buckets for the states, folks… things are going to get a lot worse before they ever turn to better… if ever… And that doesn’t bode well for the economy… But, it’s all about GREECE, right? Pardon me while I go scream at the wall! OK… I’m back now… Before I head to the TTWT story for today… I wanted to highlight that the best performer overnight for the currencies is the Swedish Krona… The krona is outperforming all other currencies as investors look for alternatives to the euro, but remain in the Europe arena… The Swedish economy has been quite strong recently, thus the reason the Riksbank (Sweden’s Central Bank) left rates unchanged at their last meeting. It’s a good story today for the krona… how long will it last? Good question… but given the recent movements in the currencies, this could very well be short-lived, although it shouldn’t be! Then There Was This… You know me… I’ve said that all the previous two implementations of Quantitative Easing (QE) achieved was that it propped up the stock market and lowered the value of the dollar… I’ve not been a fan from the beginning, and while I talk about more QE, I’m merely talking about what I think the Fed Heads will feel that they have to do next! I would have thought that QE3 would have already been announced, and we would be talking now about QE4… but the Fed Heads are keeping things held together with ceiling wax and bailing wire… Well… Rex Nutting of MarketWatch wrote an article saying that QE3 is pointless… Rex believes the U.S. has many things to deal with and QE3 just distracts us from the choices that must be made… Chuck again… yes… I agree! Everyone keeps talking about the Fiscal Cliff that the U.S. is heading for, but no one is doing anything about it! And QE3, 4, 5 or 25, doesn’t resolve these problems… Maybe Big Ben finally got the memo on QE? I doubt it… As I said before, I don’t think he wants to implement the next round of QE this close to the election as to not be seen as a political move… To recap… we went for a ride on the Spinning Wheel yesterday with the risk assets, as it was a Risk on, off, on, off, on wild day… Big Ben Bernanke disappointed the markets once again with no mention of additional stimulus, and instead painted a picture of gloom and despair for the U.S. economy. He’ll speak again today to the House… Merkel decided to make certain everyone knew there was still a wide divide between Germany and those that want a Eurozone bond. And the Bank of Canada left rates unchanged and had the same-o, same-o to say about removing stimulus… Currencies today 7/18/12… American Style: A$ $1.0305, kiwi .7940, C$ .9865, euro 1.2225, sterling 1.56, Swiss $1.0180, … European Style: rand 8.1840, krone 6.1175, SEK 6.9410, forint 233.75, zloty 3.4125, koruna 20.6790, RUB 32.40, yen 79, sing 1.2610, HKD 7.7565, INR 55.43, China 6.3690, pesos 13.18, BRL 2.0210, Dollar Index 83.25, Oil $88.83, 10-year 1.48%, Silver $27, and Gold… $1,578.15 That’s it for today… the +100 degree days returned to St. Louis yesterday… I started across the bridge to the garage yesterday afternoon, and the heat took my breath away… When we were above 100 for all those consecutive days, it got to be no big deal… But after a week’s reprieve, it hit me between the eyes! My beloved Cardinals can’t seem to find a way to build a winning streak, and I think that’s going to haunt them all year, which, unless they find another gear, like last year, will not guide them to the playoffs… Bend me, Shape me, by the American Breed is playing on the iPod, and got me moving in my chair! I hope Chris is having fun out west where it was only 60 degrees yesterday! The Olympics are only 9 days away! And then I want to talk about something to end this today… I saw where our publishing friends have introduced a new Gold trading platform… I love the competition! And if it gets more people buying Gold then good! All I ask any of you that received a notification of this new service this one thing… Before you buy on their new platform, ask what the “ALL-IN Price” is, and then give us at EverBank Metals Select, a call before you buy to compare prices… And with that… I hope you have a Wonderful Wednesday! Chuck Butler President EverBank World Markets 1-800-926-4922 1-314-647-3837 www.everbank.comlast_img read more

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In This Issue   Currency rally gets stopped over

first_imgIn This Issue.*  Currency rally gets stopped overnight. *  Talking about Trends. *  Renminbi hits 19-year high. *  A$ & kiwi see profit taking.And, Now, Today’s Pfennig For Your Thoughts!Frank On TV!Good day.  And a Happy Friday to one and all! Those nasty and devastating storms that moved through our area on Wednesday night and left a ton of destruction, continued on to the East last night. Hopefully everyone was safe. Remember, houses can be replaced, lives cannot. Well… Did you get to see my long time friend, and Big Boss, Frank Trotter on Bloomberg TV yesterday talking with Pimm Fox? He was also on the Street.com with Joe Deux, of whom I’ve held many a conversation with. I have the links to the short videos in the Big Finish, should you want to check out these very well done videos. I’ve always said that Frank had the face for TV, I had the face for radio!Well… Yesterday was a non-event, currency and metals prices move wise. I was at home last night, by my lonesome, doing some reading about the day, and some of the “opposing views” from mine regarding the dollar and Gold’s future, when I had a V-8 moment, slapped my forehead, and said, “I forgot to mention Jim Rogers last week”!  And so, I’ll begin today’s letter with a reminder to all those falling for Goldman’s call to short Gold…  And that is… Gold is a Commodity, and while it really hasn’t been traded like one recently, it remains a fact that it is a Commodity. And Jim Rogers taught us long ago that during the history of mankind, Commodity Bull Markets take anywhere from 17 to 22 years to play out. At last check the current Commodity Bull Market has only been in place for about 12 to 13 years depending on when you say the Bull Market began.To further that discussion,  I came across a recent report from the IMF, where they highlighted the importance of understanding commodity price fluctuations for commodity producing and consuming countries and the role of commodity prices in growth, inflation, and monetary and fiscal policies. And the explanation of Super Cycles or as Jim Rogers put it, Bull Markets. Gold, being a commodity, therefore is in the middle of a correction and not the beginning of a multi-year decline, or the end of the Bull Market.Look, folks… I just tell it like I see it, or know it to be. And remember, I’ve always told you to take what these Big Brokerage houses call with a grain of salt, for, they could have ulterior motives… In other words, they could be uber-short, and need for the price of the asset to go down tremendously, so they can cover their short positions at cheaper prices…   So… use your noggin…And for the legal beagles… that’s all my opinion, and I could be wrong… But then so would quite a few people with far more gray matter than me!I put the finishing touches on my ,monthly contribution to the World Money Analyst yesterday, and talked about how the dollar remains in the underlying weak trend, even though it has seen some strength in recent months. Always remember this also happened in 2005, 2008, 2010, and now. and each time the people that think they know how trends work, but really have no clue, called for a multi-year dollar rally, and were proven wrong, as I do believe they will also be proved wrong now.However, having said that. The dollar has caught a bid after two days of selling, and is on the rally tracks this morning, even with the IMF lowering their economic growth outlook for the U.S. from 2% growth to 1.7%…  The currencies, led by the euro, are weaker this morning, than they were yesterday. The euro is leading the currencies down the path that’s headed to the woodshed, as Eurozone Finance Ministers are meeting today to discuss Cyprus. And Gold is down another $13 this morning.The fave currency of traders and investors to sell, Japanese yen, came within a whisker of hitting the 100 level last night (99.96) before seeing some buying, as Bank of Japan (BOJ) Gov. Kuroda, spoke last night and didn’t say anything that hasn’t already been said. So, nothing new from Kuroda, and the yen sellers took a pause for the cause.Also in Asia last night, the Monetary Authority of Singapore (MAS) left their current currency policy unchanged, which is good for the Singapore dollar (S$).  For those of you new to class, the MAS is like a Central Bank, but even better! The MAS reviews the Singapore economic landscape and then decides if the current band the S$ is allowed to trade in, is strong enough to fight inflation or if it needs to weaken. The MAS has been on a strong band policy for some time now, so the S$ has that going for it!While we’re in Asia. Let’s skip to my Lou over to China to see what’s going on there! Well, it looks like the People’s Bank of China (PBOC) is doing a great job of continuing to push the renminbi/ yuan higher VS the dollar. The renminbi / yuan hit a 19-year high overnight, when the currency was fixed at 6.2506.  This week’s gains add to the previous 6 weeks of gains in the currency, thus making the renminbi’s its longest winning streak in some time.I believe that the PBOC is seeing the same thing I see there all the time, and that is Capital inflows coming into China by the boat load. And. the PBOC and the Chinese Gov’t has to do something to keep investor’s interested here. They need the foreign investment to further fuel their baby steps toward a floating currency that has some percentage of Gold backing, and eventually takes the reins from the dollar.I saw a story on the Bloomberg this morning, and it made me smile, for just last week, I told the audience at the Global Currency Expo about some currencies they should look to, for their fundamentals placed them at the head of the list of currencies when you value them as the stock of a country.  And then the Bloomberg story had a title of: “PIMCO favors Australia, Canada, Scandinavian currencies to dollar”.  I don’t recall seeing him in the crowd, but maybe he had a representative there! HAHAHAHAHAHAHAHA! As if Bill Gross or whomever at PIMCO needs to get their currency research from little old me! Speaking of Aussie dollars (A$),  and its kissin’ cousin across the Tasman, the New Zealand dollar / kiwi, were flying high yesterday, but they flew onto too many trader’s screens. And those traders took profits, thus leaving the two South Pacific currencies  weaker this morning. The two are still set for weekly gains though, so I won’t harp too much on today’s weakness.  The key here is the optimism for China. as long as the optimism remains as it is today, strong, A$’s and kiwi should remain well bid, and supported.You know. that the markets are still hanging on to hopes of one more rate cut from the Reserve Bank of Australia (RBA), even though the recent economic data, and talk from the Central Bank are not indicating a rate cut is coming.  Aussie PM Gillard, is seeing her popularity slip and it looks like she’s in trouble for the upcoming election this fall..  I’ll betcha a dollar to a Krispy Kreme that we’ll start to hear Gillard call for rate cuts, as she thinks rate cuts could save the election for her. I sure hope the RBA holds steady Eddie to the fundamentals.The U.S. data cupboard has a Biggie report to issue today. March U.S. Retail Sales. I told you yesterday that the BHI was indicating to me that the report would be soft. But truthfully, I wasn’t really home much in March, so I don’t really know what the BHI is indicating. But I’m going to stick with the soft forecast, especially since oil prices are cheaper.Then There Was This. OK. the other day, I said I would look into the report that a record amount of Gold had been removed from the COMEX. Some readers thought that meant I would do it right away. Shoot Rudy, there are only so many hours in a day, minus naps that is!  But I did get a chance to look into it yesterday, and while the reports are what they are, fact is that a total drainage of nearly 2 million ounces of Gold ($3Billion worth) has occurred in the past 90 days, the most during a single quarter since records began being kept in 2001. The reason this has occurred is a mystery, except to the companies that withdrew the Gold.But, the conspiracy juices are flowing for me on this story. And I immediately think that these guys, “know something we don’t”.  And that something could be a major market moving event or even a default of some kind jumps to the front of my mind.   And then it could be something as minor as these holders wanting to store their gold elsewhere and not at the COMEX.    I guess we’ll find out as time goes on. But I find this move of the Gold to be curious at least, given all the stories about Gold losing its luster.To recap. The currencies held their gains throughout Thursday, but have seen some weakness led by the euro, which has a Finance Ministers meeting today on Cyprus. Chuck goes on and on about the Commodity Bull Markets, and Trends to make his points. And the Chinese renminbi / yuan hits a 19-year high VS the dollar overnight.Currencies today 4/12/13. American Style: A$ 1.0525, kiwi .86, C$ .9880, euro 1.3055, sterling 1.5370, Swiss $1.0730, . European Style: rand 8.9385, krone 5.7280, SEK 6.3865, forint 226, zloty 3.1495, koruna 19.8075, RUB 30.99, yen 99.25, sing 1.2375, HKD 7.7615, INR 54.52, China 6.2506, pesos 12.07, BRL 1.9755, Dollar Index 82.40, Oil $92.53, 10-year 1.76%, Silver $27.35, and Gold. $1,546.07. and it’s been awhile, so here’s your chance to take a peek at the U.S. debt clock, click here.Yes, that’s right. it doesn’t seem that long ago that we hit $16 Trillion, and already we are at $16.795 Trillion.. YIKES!That’s it for today. Another tough night for yours truly. I’m scheduled to see one of my doctors on Monday, but I have a HUGE presentation I have to make on Monday, so, I’m going to see if he’ll see me today. The Cardinals are going to honor Stan Musial tonight before their game with the Brewers. They will have special baseballs for the game. It got cold here again, UGH! Spring feels like it will never be Sprung! I spent the work day in my office yesterday, getting a ton of stuff done, and it looks like I’ll be there again today. I’m not really an “office person”, as I prefer to spend my time on the trading desk, but sometimes you’ve got to get the work done!  OK. here are the links that I promised. enjoy. and I hope you have a Fantastico Friday!Frank on Bloomberg TV.Frank on The Street.com.Chuck Butler President EverBank World Markets 1-800-926-4922 1-314-647-3837last_img read more

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first_img – Recommended Links • Negative interest rates make it hard for European banks to make money… Regular Dispatch readers know the Federal Reserve has held interest rates near zero since 2008. The European Central Bank (ECB), Europe’s version of the Fed, has gone even further by making its key interest rate negative. Its key rate is -0.3% today. Negative rates force banks to charge rock-bottom interest rates on loans. This eats into bank revenues, as The Wall Street Journal recently explained. Very low interest rates hurt the profits banks make on loans, especially when investors believe loose monetary policy is here to stay. Long-term rates at which banks lend then fall to be little more than short-term ones at which banks borrow. The ECB thought negative rates would stimulate the economy. The idea was that negative rates would get people to borrow and spend more. It hasn’t worked. Europe’s economy is barely growing. And its 9% unemployment rate is twice as high as the U.S. unemployment rate. • Europe’s banks aren’t the only ones hurting… U.S. bank stocks are the worst performing sector in the S&P 500 this year. They’ve fallen 11%…more than double the S&P 500’s 5% decline this year. Japan’s banks are also trading like a financial crisis is around the corner. Mitsubishi UFJ Financial Group (MTU), Japan’s biggest bank, has plunged 32% since the start of the year. Mizuho Financial Group (MFG), Japan’s second-biggest, is down 27%. Keep in mind, we’re just two months into the year. These are huge losses in a short period. After all, we’re not talking about speculative biotech stocks or junior mining stocks. European, Japanese, and U.S. banks are the cornerstone of the global financial system. These major losses suggest the economy is not as healthy as most folks believe. Our advice: Instead of holding a large part of your wealth in stocks, set aside a significant amount of cash. Stock prices will likely decline in the next few months. Having a stockpile of cash will give you “ammo” to buy stocks when they become bargains. We also encourage you to read our flagship advisory, The Casey Report. Led by multimillionaire speculator Doug Casey, The Casey Report shows you how to build wealth that will last a lifetime…and survive any crisis. If you sign up today, you’ll learn how we’re making money in the markets right now…by shorting (betting against) one of America’s most vulnerable industries. Click here to begin your risk-free trial. • Switching gears, Canada is already in crisis… Dispatch readers know falling oil prices have hammered Canada’s economy. Canada is the world’s sixth-biggest oil-producing country. Oil makes up 25% of its exports. Last year, Canada’s oil export revenues fell by 42%. Suncor Energy (SU) and Imperial Oil (IMO), Canada’s two largest oil companies, have both plunged more than 40% since June 2014. The Canadian dollar has lost 22% of its value against the U.S. dollar since oil prices peaked in June 2014. Regards, Justin Spittler Delray Beach, Florida February 23, 2016 We want to hear from you. If you have a question or comment, please send it to feedback@caseyresearch.com. We read every email that comes in, and we’ll publish comments, questions, and answers that we think other readers will find useful. It’s starting to look a lot like 2008. Yesterday, HSBC Holdings (HSBC), one of the biggest banks in the world, reported its first quarterly loss since the financial crisis. It lost $1.3 billion…after making a $511 million profit in the fourth quarter of 2014. Management blamed the bad results on the slowing economy. It also blamed struggling oil companies for not paying back loans. However, Dispatch readers know there’s something bigger going on with bank stocks… • European bank stocks have crashed this year… HSBC, which is Europe’s largest bank, has fallen 21% this year. Deutsche Bank (DB), Germany’s largest bank, has dropped 29% this year. Swiss banking giant Credit Suisse (CS) plummeted 39%. Like HSBC, both banks had horrible fourth quarters. Deutsche Bank lost €2.12 billion last quarter. Credit Suisse lost €5.83 billion. As you can see in the chart below, the STOXX Europe 600 Banks Index, which tracks large banks across Europe, is already down 22% this year. Jim Rickards Issues “Critical Warning #3″… Jim Rickards just issued a new critical market update. You need to check this out… Jim’s issued this kind of update only twice before in recent history… Both times were about massive changes in the markets. And this change is even BIGGER… See this very short video by clicking here. — • The crashing Canadian dollar has sent food prices soaring in Canada… Last month, we explained how one Canadian grocery store was selling a gallon of milk for and a carton of eggs for C$8. Another Canadian store was selling a bottle of Tide laundry detergent for C$32. These outrageous prices are now spreading across Canada, The Financial Post reported on Friday. Food prices rose four per cent in January, while prices for fresh vegetables were up 18.2 per cent following another spike of 13.3 per cent in November. Canadians eating out also saw their bills go up, as restaurant prices rose 2.5 per cent. Last week, the Organization for Economic Co-operation and Development said Canada has the highest core inflation rate of the 34 high-income countries it monitors. • E.B. Tucker, editor of The Casey Report, predicted Canada’s economy was in for a “major wake-up call”… Last September, E.B. visited Canadian oil country for “boots on the ground” research. E.B. concluded after his research trip: While energy only makes up 25% of the province’s GDP, Albertans will be shocked when they see what happens to other sectors now that the oil business has been cut in half. Construction, finance, real estate, and services all benefited from a 15-year oil boom. These other sectors will start shrinking soon. And it’s not going to be pretty. E.B.’s call has been spot-on. And Canada’s crisis keeps getting worse… • Yesterday, credit agency Fitch said that the oil crisis could soon hit Canada’s big banks… Here’s Fitch. So far Canadian Banks have been resilient and the oil slump has appeared manageable but as falling commodity prices permeate the broader economy, banks will begin to feel pressures beyond direct energy loan exposure… Due to the stable Canadian economy over the last few decades, Canadian banks have taken little to no loan provisions over the years. As we move into an uncertain and ‘lower for longer’ oil price period, Fitch expects to see weakness in loan growth and a rise in provisions for credit losses. If you own Canadian bank stocks, sell them. They’re a dangerous investment to own right now. You should also avoid owning the Canadian dollar. If you’re a Canadian who has to own Canadian dollars, be sure to own a significant amount of gold. Unlike paper currencies, gold holds its value long-term. Owning gold will help offset losses from owning Canadian dollars. Since June 2014, gold is up 17% when “priced in” Canadian dollars. • A reminder: Tom Dyson is hosting a free webinar tonight… Tom writes The Palm Beach Letter, one of the world’s most respected investment advisories. His specialty is finding safe investments that pay steady incomes. Like us, Tom thinks another major financial crisis is around the corner. That’s why he recently published a free training session that explains how to generate income whether the markets are going down, up, or sideways. Over the past eight years, his “all-weather” strategy has succeeded 96% of the time. Don’t miss his live webinar tonight at 7:30pm (replay at 9pm). Click here to watch. Chart of the Day Gold is soaring in Canada… As we mentioned earlier, the Canadian dollar has fallen 22% against the U.S. dollar since June 2014. As you can see in today’s chart, the price of gold measured in Canadian dollars is up 17% over this same period. Gold priced in Canadian dollars is at its highest level since March 2013. Gold is doing even better in other parts of the world. According to our friends at Palm Beach Research, gold is at—or near—fresh all-time highs in 27 world currencies. World-Altering Shock #6: Are You Ready? Since 1979, there have been five truly world-shattering events. Incredibly… a small, private network of researchers from Baltimore has predicted every single one so far. Today, its founder is predicting a sixth major shock on track to hit right here in the heart of America. Are you, your family, and your money prepared? Find out here.last_img read more

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