Showing posts with label plunge. Show all posts
Showing posts with label plunge. Show all posts

Monday, June 10, 2013

No chilling effect on donations at the Polar Bear Plunge

Much to the chagrin of the proudly purple people of Baltimore, the Ravens will not be playing in the Super Bowl on Sunday.

But that means quarterback Joe Flacco's schedule was clear last weekend for a very different kind of physical challenge: the 15th annual Maryland State Police Polar Bear Plunge at Sandy Point State Park in Annapolis.

The waters of the Chesapeake Bay were a seasonably chilly 33 degrees, and the beach was blanketed in snow and ice, but that didn't stop more than 12,000 men, women and children from taking a dunk, making it the largest such event in the world, according to the organizers.

Still, it turns out that freezing your tush off requires a certain level of determination, even for a professional athlete. "You can psych yourself out thinking about it. You know how cold it is. You realize how crazy it is," says Flacco, 26. Luckily, he could focus on the heartwarming cause instead. All of those shivering bodies raised $2.1 million for Special Olympics Maryland.

Likewise, the Children's Tumor Foundation will be on the minds of participants in Cupid's Undie Run in Washington on Feb. 12, when just skivvies will be on their bodies. The one-mile trot is "your one opportunity to run by the Capitol half-naked without getting arrested," brags co-organizer Bobby Gill, who's been stunned by what a popular proposition that is. Last year's debut was initially expected to draw 30 runners, but 600 showed up to dash around the remainders of the Snowpocalypse in their underwear. This year, the field was capped at 500, and that filled up nearly a month ago. The event aims to raise $25,000, and the tally so far is more than $20,000.

No to drunk divers

No doubt some people do this type of stuff purely for charity. "If everybody gives a little of their time, we can help people with disabilities do great things," 12-year-old Jake Cowles of Severna Park told me Saturday as he arrived for his third plunge, which he describes as feeling like "being stabbed." I dare you not to believe him.

But part of the appeal also comes from the fact that it seems so nuts. Gill, a 27-year-old biomedical engineer from Beltsville, is an endurance runner whose distance of choice is 100 miles. "So how do you spice it up if you're only doing one? Take away the clothes," he says. With these events, there's no need to train or be born with any athletic skills to feel as if you've accomplished something extraordinary.

"It's daring, but not so extreme that you can't imagine doing it. It's within reach," adds plunge spokeswoman Kelley Schniedwind. "It's Everyman's Everest."

(To check on that, I contacted Dave Hahn of Taos, N.M., a mountain guide who has scaled Mount Everest 12 times. And even though he has swum in Antarctic waters, he wouldn't be so eager to dive in again - or run around in his underwear for that matter. "People make the mistake of thinking I like the cold. I like to keep my clothes on," he says.)

There's a fine line between fun and dangerous, and it's critical that participants remember that, says Matthew Levy, a doctor and director of medical operations for this year's Polar Bear Plunge. Being cold is bad, but being cold and wet is much worse: You'll lose heat 20 times faster and are much more at risk for frostbite, hypothermia and other exposure-related dangers. That's why no one is allowed to stay in the water for more than five minutes and everyone's encouraged to quickly return to the heated changing tents.

As for drinking, the only beverage people were chugging at the plunge this year was coffee. Alcohol was nixed because of a huge increase in medical incidents last year involving intoxication and exposure. "One of the things I'd like to dispel is that alcohol warms you up. It actually dehydrates you and lowers your core body temperature," Levy says. Then there's the added problem that it clouds your judgment, so you're likely to do things like stand around soaking and shirtless.

Cupid's Undie Run starts and ends at the Pour House tavern on Capitol Hill, so boozing is expected, but Gill also encourages participants to find other ways to stay warm. "If you want to move in closer to others for body heat, that's okay," he says. And to keep the crowd's temperature up, the organizers are considering adding a pit stop for push-ups and jumping jacks. (The average low in the District for Feb. 12 is 29 degrees.)

Cold comfort

Getting a blast of cold isn't entirely unhealthy. Several plungers reported to me that they felt invigorated by the experience, and athletes frequently take individual polar bear plunges after brutal workouts to speed recovery. (Not Flacco, though: "I stay out of the cold tub.")

The most applicable science here probably comes from several recent studies related to brown fat. The substance, which burns calories instead of storing them, was recently thought not to be present in adults. Scientists have found that not only do we have it, but we can activate it by exposing ourselves to cold. So it's conceivable, though not in any way proven, that a chilly plunge or run could help participants lose weight.

That could mean the greatest benefits come for the Super Plungers, a group of 60 men and women who earn their name by running into the Chesapeake Bay every hour for 24 hours starting the day before the plunge. But Gregg Pokrywka, a 53-year-old Towson physician who joined their ranks this year, didn't sign up for his health. "I wanted to do something visible as an example," he says. "I think the bottom line is you're enduring a little pain for a good cause."

Maybe that explains why despite the frigid waters, everyone emerging from the beach on Saturday had a grin along with their goose bumps.

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Sunday, April 28, 2013

Gold plunge impacts short term peak in Gold Silver ratio

About four years ago the ratio hit a long term peak of 83.7, with the low in early 2011 at 31.7.

LONDON(BullionStreet): While Gold prices plunged recently, the ratio between the gold and silver price hits short terms peak.

Analysts said recent extreme volatility in the precious metals markets has impacted the ratio which means the two metals are changing value at different speeds than the historical norm.

Take for example the 24 hour gold-silver ratio, which is trading at around 58.7, which is off the lows of 58.2 from a few hours earlier, but well off the 59.6 peak where is was placed just less than one day ago.

Spot gold is currently trading at around $1376 an ounce, with silver $23.40 an ounce.

Viewed over the short term of the past 60 days, the current ratio levels is at higher end with the peak over this period at around the 59.6 (the low is 53.7) highlighting that the price of gold has recently been outpacing that of silver, or in another way silver has been falling at a faster rate.

About four years ago the ratio hit a long term peak of 83.7, with the low in early 2011 at 31.7.


View the original article here

China Gold markets fail to handle Gold plunge

On the other hand, spot market has a timing issue that imposed a hurdle for investors trying to sell quickly to reduce losses.

BEIJING(BullionStreet): Lack of diversity and liquidity in Chinese Gold futures markets were responsible for the sudden panic in country's gold markey during the 'gold plunge', analysts said.

They said during the period which starts from April 10, when a large number of gold holders want to short the metal to hedge against a further price fall, they have a problem finding enough parties willing to take the bet.

As gold trading channels in Chinese market are relatively narrow and the pricing power of country's

gold market is weaker than the more mature markets overseas, domestic gold prices are closely linked to movements in international markets with spot gold prices set during the night, Beijing time, when trading is closed.

When the Chinese market opens the next day, the deluge of sell orders can push prices down at a rate that triggers a suspension in trading.

Analysts added that the gap between trading times in Shanghai, London or New York has been a problem for domestic individual investors as the gold price in the global market dropped off the cliff — Chinese investors not sell off because the domestic trading platform was not in trading hours.

On the other hand, spot market has a timing issue that imposed a hurdle for investors trying to sell quickly to reduce losses.

While the precipitous fall in global prices has touched off a gold rush among Chinese consumers, gold producers and traders are keen to offload their huge stockpiles to minimize real and potential losses.

In doing so, they face a common problem that has become increasingly pressing since the price of the metal began to nosedive on April 10. The problem is the restrictive domestic gold futures market that lacks the liquidity and diversity to absorb a sudden surge in sell orders.

Gold producers and jewelry sellers that are listed in the A-share market said large inventory and price risks may affect their performance this year if the gold price continues to fall, but it is too early to tell what measures should be taken at the current stage.


View the original article here

Friday, April 26, 2013

China Gold markets fail to handle Gold plunge

On the other hand, spot market has a timing issue that imposed a hurdle for investors trying to sell quickly to reduce losses.



BEIJING(BullionStreet): Lack of diversity and liquidity in Chinese Gold futures markets were responsible for the sudden panic in country's gold markey during the 'gold plunge', analysts said.


They said during the period which starts from April 10, when a large number of gold holders want to short the metal to hedge against a further price fall, they have a problem finding enough parties willing to take the bet.


As gold trading channels in Chinese market are relatively narrow and the pricing power of country's


gold market is weaker than the more mature markets overseas, domestic gold prices are closely linked to movements in international markets with spot gold prices set during the night, Beijing time, when trading is closed.


When the Chinese market opens the next day, the deluge of sell orders can push prices down at a rate that triggers a suspension in trading.


Analysts added that the gap between trading times in Shanghai, London or New York has been a problem for domestic individual investors as the gold price in the global market dropped off the cliff — Chinese investors not sell off because the domestic trading platform was not in trading hours.


On the other hand, spot market has a timing issue that imposed a hurdle for investors trying to sell quickly to reduce losses.


While the precipitous fall in global prices has touched off a gold rush among Chinese consumers, gold producers and traders are keen to offload their huge stockpiles to minimize real and potential losses.


In doing so, they face a common problem that has become increasingly pressing since the price of the metal began to nosedive on April 10. The problem is the restrictive domestic gold futures market that lacks the liquidity and diversity to absorb a sudden surge in sell orders.


Gold producers and jewelry sellers that are listed in the A-share market said large inventory and price risks may affect their performance this year if the gold price continues to fall, but it is too early to tell what measures should be taken at the current stage.


View the original article here