1973OAK22.914.024.426.1-1.7 2006OAK10.53.011.618.1-6.5 2000DET19.214.519.920.1-0.2 2001SEA20.06.022.021.1+0.9 All is not lost here for the Bengals. Eight of those teams that didn’t score an offensive touchdown in their first two games actually went on to score more on average in their remaining games than they did in the previous year. But all of these gains were modest, in many cases less than a point. The biggest rebounders were the 1990 Pittsburgh Steelers, who averaged 16.6 points in 1989, failed to score an offensive TD in Weeks 1 and 2, and then averaged 19.3 points for the rest of the year. The news is less rosy when you look at three most recent examples: The 2016 L.A. Rams, the 2006 Oakland Raiders and the 2006 Tampa Bay Bucs. The inauspicious starts for these three were a dark omen for what was to come. The trio combined to go 10-38.The hope of modest gains isn’t much for Bengals fans to cling to. This team was expecting its offense, which ranked 24th in the NFL last year, to get much better — not to plateau or fall off a cliff. Since history tells us to expect that teams in the Bengals’ position will score an average of three fewer points per game than they did in the previous season, and Cincinnati scored 20.3 points per game last year, we’d expect the team to post about 17 points per game in 2017. In the 16-game era,1Not counting 1982 and 1987 seasons, which were shortened by strikes. teams that average between 16 and 18 points per game are 871-1,635-6 for a .348 winning percentage that translates to between five and six projected wins this year for the Bengals.Of course, the Bengals could have just run into hot defenses in their first two games, against the Baltimore Ravens and Houston Texans. But even the great 1985 Bears gave up 22 offensive touchdowns that season, or 1.4 per game. Getting shut out from paydirt in two straight games is epic futility no matter who you’re facing. Cincinnati might pin Week 2’s offensive fiasco on the fact that is was playing a Thursday night game on short rest, but that likely had no effect given that in games through Week 2 since 2014, teams have actually averaged more points per game on Thursdays (23.3) than in the season as a whole (22.6).Some expressed worries that the Bengals’ attack would suffer after the team let 35-year-old Pro Bowl tackle Andrew Whitworth leave for the Rams in free agency, but the Bengals attempted to compensate for the loss by picking up even more skill players in the draft. Owner Mike Brown and head coach Marvin Lewis selected world-class sprinter John Ross to be a game-changing deep threat with the ninth overall pick. And in the second round, the club added 226-pound running back Joe Mixon, who ran a 4.5 40-yard-dash at his Pro Day.And those players were added to a mix that already included three-time Pro Bowl quarterback Andy Dalton, perennial Pro Bowl wideout A.J. Green and one of the league’s most efficient scorers in tight end Tyler Eifert, who since 2000 has the third most touchdowns per catch (minimum 20 touchdowns) among tight ends. The team has 11 offensive players who are home-grown first- or second-round draft picks.All of which makes the offense’s ineptitude even more perplexing. Which explains why the team took drastic measures: This is the first time in the Bengals’ 50-year history, all of which has been spent under the guidance of the Brown family, that an offensive coordinator has been fired during the season.But the bigger issue may be Dalton, who currently ranks last in the NFL in QBR with a rating of just 10. The league average QBR through Week 2 is 49; last year, Dalton’s was 52.3. There have even been rumblings about benching Dalton, including from a former NFL Executive of the Year.Either way, Cincy has no excuses this week — at least, that is, no excuses for not scoring a touchdown. The Bengals are in Green Bay facing a Packer defense that ranks 25th in yards allowed per play through Week 2 after finishing 28th in 2016.But perhaps the Bengals can look to one of their NFC counterparts for offensive inspiration. The Bengals were the 24th team to go through their first two games without scoring an offensive TD, but the 25th team, this year’s San Francisco 49ers, joined the club just a few days later. After a fortnight of grim, incompetent offense, Brian Hoyer and the Niners exploded for five touchdowns and 39 points in Thursday night’s loss to the Rams.Then again, when it’s only Week 3 and you are already trying to emulate the feats of the Niners, something has gone terribly wrong. 1988CLE19.04.521.126.0-4.9 YEARTEAMFULL YEARGAMES 1-2REST OF YEARPRIOR YEARDIFF AVERAGE POINTS PER GAME 2004TAM18.88.020.318.8+1.5 Teams that started like the Bengals didn’t rebound wellHow the 22 past teams that didn’t score an offensive touchdown in Weeks 1 and 2 fared over the rest of the season, compared to the season prior 2006TAM13.21.514.918.8-3.9 1978BAL14.90.017.021.1-4.1 1990PIT18.311.519.316.6+2.7 2001WAS16.01.518.117.6+0.5 1996TAM13.84.515.114.9+0.2 Excluding the 1976 Tampa Bay team, which was in its first year as a franchiseSource: Pro-Football-Reference.com 1985BUF12.56.013.415.6-2.2 1977TAM7.43.08.18.9-0.8 1985PHI17.93.020.017.4+2.6 1970NOR12.31.514.122.2-8.1 1982KAN19.614.021.221.4-0.2 1977BUF11.43.012.817.5-4.7 1975NOR11.81.513.511.9+1.6 1974PHI17.38.018.922.1-3.3 1990NOR17.17.518.518.8-0.3 The Bengals entered this year as playoff contenders with a retooled offense that was considered one of the fastest units in the NFL. But two games into the season, they’ve kicked three field goals. And that’s it, that’s all the points the team has scored. Cincinnati’s inability to score a touchdown in its first two games (both losses) has led to the quick dismissal of offensive coordinator Ken Zampese in his 15th season with the team.It may not sound like that big a deal to be held without a touchdown for the first two games of the season, but going back to 1970, this has only happened 15 times prior to 2017. Another eight teams registered only a return touchdown, failing to score with their offense.The 23 teams that got left at the starting gate should not give Bengals fans much confidence in this year’s unit. These offenses would go on to average 17 points per game for the remainder of the season. If you include the two clunkers each team had in Weeks 1 and 2, the group finished the season with a paltry 15.6 points per game. When compared to their previous season’s scoring output, teams — not counting the 1976 Tampa Bay Buccaneers, who were an expansion team and so did not have a previous season — declined by an average of three points. 2016LAR14.04.515.417.5-2.1 1997IND19.68.021.319.8+1.5
2 min read The drone revolution hasn’t even reached peak velocity yet, and suspicious residents are already gunning down one another’s devices.Case in point: Modesto, Calif., resident Eric Joe was piloting his homemade hexacopter one afternoon last November when, suddenly, his neighbor shot it out of the sky. Brett McBay, who said he assumed the drone was a CIA surveillance device, immediately grabbed his 12-gauge shotgun and demolished it on his first attempt. Sounds reasonable enough, right?While Joe didn’t initially confront McBay — “I didn’t want to get argumentative with a guy with a shotgun,” he told Ars Technica — he followed up with an email later that evening seeking $700 in damages. The drone’s GPS showed it had been shot when it was above Joe’s own property, he argued, and there hadn’t even been a camera affixed to the device.“I also ask you the courtesy of not shooting live ammunition in our direction,” he wrote. “This is the third time discharge from your firearms has hit our house and property” — following a bullet hole in one of the family’s doors and a raining birdshot in their backyard.Related: 6 Ways Martha Stewart Is Staying RelevantBut McBay refused. While he initially offered to pay for half of the repairs, Joe was ultimately forced to take him to small claims court, which ruled that McBay owed him $850 — and which he has still yet to fork over.All of this begs the question: What protections do drone-weary citizens have as the gadgets increasingly fill our friendly skies? While McBay’s concern may have been valid, his reaction wasn’t, the court ultimately ruled.”We don’t believe that the drone was over McBay’s property — we maintain that it was briefly over the shared county access road,” Joe’s attorney, Jesse Woo, told Ars Technica. “But even if it did, you’re only privileged to use reasonable force in defense of property. Shooting a shotgun at this thing that isn’t threatening your property isn’t reasonable.”Related: A Drone Unlike Any You’ve Ever Seen Register Now » Free Webinar | Sept. 9: The Entrepreneur’s Playbook for Going Global June 29, 2015 Growing a business sometimes requires thinking outside the box.
Drilling Intersects 102 Meters of 1.97 gpt Gold at Columbus Gold’s Paul Isnard Gold Project; Drilling Confirms Depth Extension of Gold MineralizationColumbus Gold Corporation (CGT: TSX-V) (“Columbus Gold”) is pleased to announce results of the initial five (5) core drill holes at its Paul Isnard gold project in French Guiana. The holes confirm depth extension of gold mineralization below shallow holes drilled on the 43-101 compliant 1.9 million ounce Montagne d’Or inferred gold deposit at Paul Isnard in the 1990’s and support the current program of resource expansion through offsetting open-ended gold mineralization indicated by the earlier holes.Robert Giustra, CEO of Columbus Gold, commented: “These drill results validate Columbus Gold’s approach to adding ounces with a lower-risk drilling program designed to infill and to extend the mineralized zones to 200 m vertical depth from surface; a depth amenable to open pit mining.” Fourteen (14) holes have been completed (assays pending) by Columbus Gold in the current program and drilling is progressing at the rate of about 3,000 meters per month with one drill-rig on a 24 hour basis. Columbus Gold plans to accelerate the current program by engaging a second drill-rig as soon as one can be obtained. Please visit our website for more information about the project. Sponsor Advertisement With net volumes at extremely low levels…especially in gold…it was a very quiet trading day yesterday.The smallish rally that started in London didn’t last long…and certainly didn’t make it over the $1,700 spot price level. The high of the day [$1,698.50 spot] came at the 3:00 p.m. BST London p.m. gold fix…which was 10:00 a.m. in New York. It was all down hill from there…with the gold price getting sold off in two small stages…and closing virtually on its low.Gold closed at $1,680.60 spot…down $9.30 on the day. Because of roll-overs out of the April contract, gross volume was monstrous. But once all the switches were subtracted, net volume turned out to be a tiny 70,000 contracts.As it turned out, silver’s high of the day came about twenty minutes before I hit the ‘send’ button on Tuesday’s column…around 10 a.m. British Summer Time…with a secondary high at the London p.m. gold fix.That was the last time on Tuesday that silver had a $33 price handle…as it was quickly sold off from there. Silver closed at $32.59 spot…down exactly two bits on the day. Net volume was pretty skinny…around 27,000 contracts.The dollar index, which had opened the Tuesday trading day in the Far East around the 78.90 level, added a bit over twenty basis points during the next twenty-four hours…and closed Tuesday at the 79.15 mark. Nothing to see here, folks…please move along.It should come as no surprise that the high of the day in the gold stocks came at the London p.m. gold fix…and that is the standout feature on this graph. From there, the shares got sold off in sync with the gold price. The HUI finished down 1.40%…barely off its low of the day.The silver stocks didn’t do any better…and Nick Laird’s Silver Sentiment Index closed down 1.16%.(Click on image to enlarge)The CME’s Daily Delivery Report showed that zero gold contracts along with 51 silver contracts were posted for delivery on Thursday. In silver it was JPMorgan on the short/issuer side with all 51 contracts…and the Bank of Nova Scotia being the largest long/stopper with 41 contracts. For the first time in about four months, Jefferies was nowhere to be found.The GLD ETF showed that an authorized participant withdrew a rather small 67,995 troy ounces…and there were no reported changes in SLV.The U.S. Mint reported selling 25,000 silver eagles…and that was it.Over at the Comex-approved depositories on Monday, they reported receiving 921,251 ounces of silver…and shipped 613,960 ounces out the door. The link to that action is here.Here’s an interesting chart that Washington state reader S.A. sent me yesterday. It’s the median net worth of the 35 and younger vs. the 65 and older crowd over a 25-year period…adjusted for inflation.Shortly after I received the above, reader Bob Fitzwilson sent me the Zero Hedge article that this chart came from. It’s headlined “Guest Post: The Chart Of The Decade“…and the link is here.Washington state reader S.A.’s second graph needs no further explanation from me…as its contents are self evident after a few seconds of study.I have slightly fewer stories today, so I hope you have the time to sift through most of them.Ineptocracy [in-ep-toc’-ra-cy] – a system of government where the least capable to lead are elected by the least capable of producing, and where the members of society least likely to sustain themselves or succeed, are rewarded with goods and services paid for by the confiscated wealth of a diminishing number of producers.With net volumes at extremely low levels…especially in gold…it was a very quiet trading day yesterday…so I wouldn’t read much into Tuesday’s price activity in either gold or silver.Today and Thursday are the last days for roll-overs out of the April delivery month. I must admit that I was expecting much higher volume to be associated with this event, but that hasn’t happened so far.Gold closed slightly below it’s 200-day moving average…and silver came within 20 cents of hitting its 50-day moving average…but closed well below it. Until these moving averages are taken out to the upside with some authority, it’s doubtful if the technical funds will move back onto the long side of this market until that happens. As I’ve said a couple of times during the last week, I expect things to remain quiet until after we get past First Day Notice on Friday, so it could be next week before anything happens…or is allowed to happen.Yesterday at the close of Comex trading at 1:30 p.m. Eastern time was the cut-off for Friday’s Commitment of Traders Report…and it will be interesting to see what this report has to say when it’s released at 3:30 p.m. Eastern on Friday.Overnight trading was as dead as I’ve ever seen it. The gold price did virtually nothing in the Far East during their Wednesday…and hasn’t done much of anything now that London has been open a bit over two hours. Net volume is exremely light, as the last of the traders begin their rolls out of the April delivery month…and into the next front month, which is June. I’ve don’t recall ever seeing net volume numbers in gold as low as this at this time of day…and this time of month.Silver drifted lower through all of the Far East trading day on their Wednesday, but the moment that London opened, the price popped a bit and, as I hit the ‘send’ button at 5:18 a.m. Eastern time, the silver price is down about a dime from Tuesday’s New York close. Volume is on the lighter side.The dollar index was comatose right up until about 7:40 a.m. in London…and is down about 10 basis points from its overnight high…such as that was.I will be watching the rest of this week’s trading activity with great interest…and I’m ready for anything that JPMorgan et al have in store for us.See you tomorrow.
4,700 years before Stonehenge. So, what gives? Stalin hated capitalism but strongly supported industry. What’s the difference? The difference lies is the exercise of will: Commerce—capitalism of the mom-and-pop variety—involves individuals choosing to perform productive actions, such as growing food and making shoes. 3,000 years before the Sumerians (depending on how you pick their start date). It’s almost useless to use the word capitalism these days. Its meaning has been so distorted, so polarized, so manipulated, that almost every time I pull it out, I have to stop and define it first. And even then, knee-jerk reactions continue. So, I’m generally abandoning the word. In its place, I’m using commerce. But that raises yet another issue: It’s entirely wrong to describe a mom-and-pop store with the same word we use for General Motors. Did Stalin Support Capitalism? No, of course not; Stalin was a Marxist. But at the same time, he was a major supporter of industry. For example, check out this very typical poster of his era: Industry—capitalism of the corporate variety—involves the domination of individual will. Sure, the corporate suite and their government partners get to exercise will, but mere corporate employees are forbidden from exercising theirs. So, 1%-2% get to use their wills to some effective extent, and 98%-99% are restricted. Stalin killed people of the first type and rewarded people of the second type. I think that also helps to clarify the distinction. What About Now? So, what about our current situation? Are mom and pop being rewarded, or at least left alone? No, they’re not; they’re being ground into the dust. No matter how much governments and their sycophants swear that regulation is good for business, every small businessman, myself among them, knows the truth. People are getting out of businesses in droves and telling their children to find something else to do. As one small businessman I know says, “It’s just not fun anymore.” Did you know that fewer small businesses are being created than destroyed? And there’s a one-word reason for it: regulation. Stripped of the self-righteous lies that surround it, regulation is simply a restriction of will. It involves the biggest bosses telling everyone else what they can or cannot do. And here’s the rub: Big corporations can get regulations written as they like; small businesses can’t. The result is this: Corporate numbers are up because their small competitors have been squeezed out. Mom and pop’s cash flow has been transferred to the corporation. Stalin would thrive in this environment. He’d find a prominent place in the corporate takeover of America. On the other hand, Stalin could never survive in a world where mom-and-pop capitalism was the order of the day. He’d be a rank hoodlum, and eventually some shopkeeper would shoot him. But Wait, We Need Regulation! Some of the sadder news stories I see are those involving small business alliances sucking up to the big imposers of will, saying things like, “We recognize the necessity of some regulation, but…” Yes, I know that they mean well (and Lord knows I’ve had my own share of “meant well” mistakes), but commerce is contrary to regulation by its very nature. Commerce (and I’m tempted to christen it natural commerce) is a liberated-will strategy. Cuddling up to people who impose controlled-will strategies is not helpful. I covered this entire subject in much more detail in my newsletter (issue #29), but I would like to make one point on the “necessity” of regulation here. Please take a look at this map: 6,200 years before Homer and the beginnings of Greek civilization. You get the point. So, all those history-book passages about “necessary organization and administration” and “an appropriate bureaucratic infrastructure” were simply false. From time immemorial, humans exercised will and solved problems to make commerce work. They didn’t need pompous parasites telling them what to do and what not to do. So… So, commerce—natural commerce; mom and pop commerce—is, by its very nature, born free. It evades regulations and controls, because it serves its own will, not the wills of rulers. For this reason, Joe Stalin killed its practitioners. For the same reason, he rewarded industrial operations. On Main Street, Joe Stalin would knife mom and pop. In the corporate tower, he would thrive. That’s something to think about. A Free-Man’s Take is written by lifestyle capitalist, author, and freedom advocate Paul Rosenberg. You can get much more from Paul in his unique monthly newsletter, Free-Man’s Perspective. What you’re looking at are the Near East trade routes of 7000 BC. Let me put that into some perspective for you: This is a record of self-motivated individuals, traveling hundreds of miles to trade with foreigners. (And there is much more to be discovered.) And when were these people doing this? 4,500 years before the pyramids of Egypt.