Headwinds Devastate Goldman Sachs’ Q1 Profits

first_img April 19, 2016 1,405 Views Tagged with: Earnings Goldman Sachs Profits  Print This Post On the other hand, Goldman Sachs said that debt underwriting net revenues were significantly higher compared with the first quarter of 2015, “primarily reflecting an increase in investment-grade activity.” Overall, the firm’s investment banking transaction backlog decreased compared with the end of 2015, but was higher compared with the end of the first quarter of 2015.Investing and lending net revenues fell 93 percent from the last quarter and 95 percent year-over-year to $87 million for the first quarter of 2016. Goldman Sachs attributes this decrease to a “significant decrease in net revenues from investments in both private and public equities, which were negatively impacted by generally lower global equity prices and corporate performance during the first quarter of 2016.”Debt securities and loans net revenues were also significantly lower compared with the first quarter of 2015, primarily “reflecting lower net revenues related to loans and lending commitments to institutional clients (including higher provision for losses) and lower net gains from investments,” the statement said.“Looking ahead, we will continue to focus on delivering superior service to our clients and managing our business efficiently, which remain essential to generating shareholder value over the long term,” Blankfein said.Click here to view Goldman Sachs’ 2016 First Quarter Earnings Statement. About Author: Xhevrije West The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Earnings Goldman Sachs Profits 2016-04-19 Brian Honea Xhevrije West is a talented writer and editor based in Dallas, Texas. She has worked for a number of publications including The Syracuse New Times, Dallas Flow Magazine, and Bellwethr Magazine. She completed her Bachelors at Alcorn State University and went on to complete her Masters at Syracuse University. Servicers Navigate the Post-Pandemic World 2 days ago Share Save Home / Daily Dose / Headwinds Devastate Goldman Sachs’ Q1 Profits in Daily Dose, Featured, News Related Articlescenter_img Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Investment banking firm Goldman Sachs is the latest financial firm to have its profits take a turn for the worse, following plummeting incomes reported from JPMorgan Chase, Citigroup, Bank of America, Wells Fargo, and PNC.According to Goldman Sachs’ 2016 first quarter earnings statement released Tuesday, net income at the firm fell 60 percent year-over-year due to operational troubles in all areas of the business.Goldman Sachs reported net earnings of $1.14 billion for the first quarter ended March 31, 2016, up 48 percent from $765 million in the fourth quarter of 2015 but down 60 percent from a year ago when earnings totaled $2.84 billion.Net revenues at the investment firm fell 13 percent from the fourth quarter of 2015 to $6.34 billion for the first quarter of 2016 and decreased 40 percent from $10.62 billion last year.Lloyd C. Blankfein, Chairman and CEO at Goldman Sachs noted, “The operating environment this quarter presented a broad range of challenges, resulting in headwinds across virtually every one of our businesses.”Diluted earnings per common share were $2.68 compared with $5.94 for the first quarter of 2015 and $1.27 for the fourth quarter of 2015, the statement showed.Investment banking net revenues were $1.46 billion for the first quarter of 2016, 23 percent lower than the first quarter of 2015 and 5 percent lower than the fourth quarter of 2015. Meanwhile, underwriting net revenues fell 27 percent year-over-year to $692 million, due to “significantly lower net revenues in equity underwriting, reflecting low levels of industry-wide activity during the quarter,” the statement said. Headwinds Devastate Goldman Sachs’ Q1 Profits The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: ATR Rule Sends Borrower Claims Packing Next: Counsel’s Corner: The Battle Over GSE Profits is Raging Subscribe “The operating environment this quarter presented a broad range of challenges, resulting in headwinds across virtually every one of our businesses.”Lloyd Blankfein, Goldman Sachs Chairman and CEO Sign up for DS News Daily last_img read more

Top football recruit dies in fall

first_imgIrish football coach Brian Kelly said his program was “in a state of disbelief and incredible sadness” following the tragic death of top recruit Matt James, who fell from a fifth-floor hotel balcony and died while on Spring Break in Panama City Beach, Fla., on Friday.Police said James, 17, was “drunk” at the time of the fall, which occurred around 6:30 p.m. Friday at the Days Inn Motel in Panama City Beach. An autopsy showed James died of brain injuries. He was vacationing with six parents and 40 fellow students from St. Xavier High School in Cincinnati, Ohio, police said.“Our thoughts and prayers go out to the family and friends of Matt James in this most trying of times,” Kelly said in a statement Saturday. “On a personal level, I got to know Matt quite well over the past few years, and he was a wonderful young man from a great family. Matt was an extremely talented person who was very bright and possessed a great dry sense of humor. He could not wait to join the Notre Dame family.”Visitation will be held at St. Xavier High School on Friday from 4 to 8 p.m., and a funeral mass will be celebrated at 10 a.m. Saturday at St. Xavier Church in downtown Cincinnati, according to a Tuesday press release from the high school.“We are united in our grief over Matt,” St. Xavier president Fr. Tim Howe said in the release. “Our community is strong, and I know that the strength we receive from our faith in Jesus’ resurrection will help us get through this difficult time. Our love and prayers are for Matt and his family as we accompany them in the coming days of shared mourning.”James, a 6-foot-6, 290-pound offensive tackle, was set to enroll in the fall as Kelly’s first major recruit at Notre Dame. The All-American chose the Irish on National Signing Day over Ohio State and Cincinnati.“We would like to thank everyone for their prayers and support during this tragic time, particularly the family at St. X,” James’ parents, Jerry and Peggy, said in a statement Saturday. “Matt was a very special young man, and it is gratifying to us that you all could see that as well. We are touched by this outpouring of love.”James’ high school classmate and quarterback, Luke Massa, is an Irish commit and was also on the Spring Break trip, according to the Associated Press.“This is just such a tragedy because he was just a wonderful, wonderful kid,” Massa’s mother, Mary, told the AP. “It’s heartbreaking.”last_img read more

Cotton Crop

first_imgMid-summer rainfall combined with cooler fall weather could impact production for late-season cotton farmers throughout Georgia.Producers who planted their cotton between late-May and mid-June are delayed for harvest due to a deluge of rain during late-June-July and a late-October cold spell last week. “Growers that planted towards the end of our planting window got caught by a lot of rain,” said Guy Collins, a University of Georgia Extension cotton agronomist based on the Tifton campus. “They couldn’t get in the field when they wanted to, to plant cotton. Naturally, a lot of it struggled to get a good start.” Collins said this added “a whole new level of stress” that cotton farmers aren’t accustomed to dealing with. In other words, “we just got too much water, way too much water in areas,” he said.As rain slowed cotton’s development in the summer, cooler weather has stymied its growth the past couple of weeks, including a near-frost in south Georgia this past weekend. Toward the north end of south Georgia’s cotton belt, Dooly County’s temperature reached as low as 35 degrees Saturday night (Oct. 26). Cooler weather slows down development and maturity of cotton bolls that have yet to open. Frost can ultimately desiccate cotton plants, depending on the cotton’s maturity and the strength of the frost.Normally, by mid-November approximately 80 percent of the cotton crop has been harvested. This year, however, due to the crop’s delayed growth in certain areas, Collins believes it will be around mid- to late-November before the bulk of cotton will be harvested.As for the state’s crop as a whole, Collins is projecting anywhere from 700 to 900 pounds per acre on some fields and 1,200 to 1,300 pounds on others.“The crop is decent. It could be a lot worse,” Collins said. “There are very few home run fields. However, there are areas that have reported really good yields.”For more information about the state’s cotton crop, see ugacotton.com.last_img read more

Getting Kids into Running

first_imgMy son, now 12, has been running for a few years. We’ve wanted to summit Mount Mitchell (the tallest peak on the East Coast) for two years by running up the Mount Mitchell trail from Black Mountain Campground (6-miles with 3000+’ of elevation gain). This past summer, we did it! I bought him his own hydration pack and trail running shoes. Equipped him with soft flask water bottles and food, and we did the run! We, of course, took a wrong turn and ended up running 8-9 miles with 4000’ of vertical gain, but the memories and pride we shared in the accomplishment will undoubtedly never be forgotten! It’s like asking where their red hair came from (my wife and I are both redheads). If you’ve read any of my previous articles, you’ll know that most parts of my life involve running to some capacity. My kids come to work with me at my running store, they help me put on races, and they come and crew for me at my races. They were raised with running as part of their daily routine and seeing their father go out to run sun, rain, snow, or ice. My wife and I are both runners, so it’s literally in their blood. Obviously, most of you don’t have this home environment, but want your kids to share your love for running. So, what can you do? The following are items I’ve done that have helped encourage and even nourish a healthy love for running in my kids. First and foremost, you need to present opportunities for them to run. I would suggest starting with just going for a hike with your kids. Make it short and simple but include a cool destination or location. We love to go through a river (multiple times) or by a waterfall or historic site. Build the distance up and maybe include a route with beautiful scenery or views. Then start working in short runs. Maybe challenge them to beat you up a climb or down a descent. Up to the age of 10, I don’t suggest you allow them to run mileage for the week more than their age (ie 10 years old no more than 10 miles per week). The key is to run with them. Make this something you do together as a family! If you have young ones, that can’t keep up with the older ones, but can ride a bike, allow them to do so. Make courses appropriate for their ability level. Challenge them every once and a while but make the risk of failure minuscule.  Let them come to one of your races and watch. Talk to them afterward about how it went, how it felt, what were your challenges and how did you overcome them. Let them recognize that Mommy or Daddy doesn’t always win, and that’s ok. We race to challenge ourselves and find out what we can do on that given day. Ask them how they would feel about trying a race. If they’re into it, find a children’s event or a one-mile fun run. Here’s the hard part, let them run this on their own. Be on the sideline and cheer as they do for you in your race. Be there at the finish and give them a hug. Let them know how proud you are of them. Enjoy the moment and on the way home talk about how the race made them feel. Ask them how they felt, how hard it was, what they would do differently (if anything), and see if they want to do another. If so, look for a new style of race (adventure, obstacle course, cross country, trail, color run, inflatable, etc.). Other items that have engaged my children and brought them not only closer to our sport, but to me has been crewing for me in ultras. They love being out there for Dad. Getting my gear ready and helping me at Aid Stations. They love camping in the car overnight and waiting for me to drag into the mile 85 aid station and revitalize me at 2 AM. How often do they get to say they were up at 2 AM and their Dad had been running since 6 AM the day before? Then let them experience something epic. As they get into the sport, encourage the participation by buying “real running shoes.” Check with your local run specialty shop and see if they have children’s running shoes. If so, take them to get fitted. Make this their “running” only shoes. As they get older, get them running clothes. My oldest child received the most basic GPS watch for Christmas. That may be a bit too far, but he wants to be like Dad, so what can I say. He’s not on Strava…yet.  It’s simple, love your kids, and in the process, share your love for running while doing it with them! I’ve been asked so many times how I got my kids into running. last_img read more

Lady Bulldogs Volleyball Team Lose To Lady Panthers

first_imgBatesville drops both level of play to Jennings County as young teams struggle with errors. Stats are attached.Varsity: 25-11, 23-25, 25-23, 11-25, 15-9 Jennings County.Batesville vs. JC Varsity VB (9-11)JV: 25-20, 25-15 Jennings County.Batesville vs. JC JV VB (9-11)Next up is the Ripley County Tourney held at Milan on (9-13). Varsity will play at approximately 10:00 against Jac-Cen-Del.  The winner then plays the winner of the early mach (Milan vs. South Ripley) for the championship. JV plays at 9:00 against JCD, and will await the winner of MIlan and South Ripley should they prevail.Courtesy of Bulldogs Coach Jody Thomas.last_img read more

Must win situation for Nelson Leafs

first_imgBy Bruce Fuhr, The Nelson Daily SportsIn years past the Nelson Leafs have faced must win games — but against Grand Forks, a team the coaching staff generally gives the back-up goalie the start and an opportunity for the players to improve the individual stats?However, when your record is 5-8 and 10 points from the top of the division, every game, especially against a team lower in the standings, are, well you guessed it, a must-win game.The struggling Nelson, losers of two straight and three of its last five games, face the Border Bruins Saturday in Kootenay International Junior Hockey League action at 7 p.m. in the NDCC Arena.“There are huge games coming up,” said Leaf sniper Adrian Moyls when asked about the weekend tilts against Grand Forks and Sunday in Spokane. “These games are going to be crucial to our year.”
 Nelson is a not-very-good 1-1 against the perennial Murdoch Division bottom feeders from Grand Forks.The Leafs received a rude awakening to start the season when the Bruins scored six power play goals en route to a 6-2 victory. Nelson managed some revenge, thanks to a four-point night from Gavin Currie, to take the rematch 8-3.One aspect the game the Leafs may want to improve if the club wants to make a run in the Murdoch Division is the power play. The club is a dismal 1-for-31 with the man advantage in October.“Our power play has got to get going,” Moyls admitted, one of the many Leaf forwards with no power play goals. “Right now there’s no finish. It’s getting better but right now it’s not good enough.”Grand Forks just might be what the doctor ordered to help the Leafs regain some confidence. The Boundary City squad had one win in its last ten games, and has allowed league-high 5.30 goals per game this season — perfect medicine for a team that scores 2.70 goals per game.Sunday Nelson travels to the Lilac City to meet the red-hot Braves. Spokane had reeled off six straight wins before the Fernie Ghostriders cooled the Braves with a 7-4 victory.LEAGUE NOTES: Spencer Brodt of the Rebels has a few more games to sit on his four-game suspension for a gross misconduct during an October 9 home contest against Beaver Valley. . . .Brodt’s teammate Adam Smith and Ryan Schibler of the Bruins received one-game suspensions for earning game misconducts in the last 10 minutes of the game October 16. . . .Taylor House and Stefan Jensen of Osoyoos lead the KIJHL in scoring, respectively. Ryan Aynsley of Castlegar is third. [email protected]last_img read more

Nelson Curling Club offers FREE DAY of curling Sunday

first_imgCome one, come all to the Nelson Curling Club’s free day of curling.Doors open on the family-fun day at 11 a.m. for four hours of curling.Instructors will be on-hand to assist with learning how to deliver a rock, sweep, or just to provide fun activities for making it fun for everyone from ages two to 82.Equipment is provided so all curlings need to bring is a clean pair of running shoes.  Helmets for the younger curlers under the age of seven are recommended, along with a pair of mitts. Refreshments and snacks provided.  The off-ice curling game of Rocks and Rings will also be available for younger people to try out. As the Christmas season is rapidly approaching, the club is inviting participants to help with the Nelson Food Bank’s annual Christmas food drive by bringing a non-perishable item.The Curling Club invites the public to come and find out why curling is such a popular Canadian sport.last_img read more

ASHLEYLUVSSUGAR & RALIS HEAD SATURDAY’S $250,000 CALIFORNIA CUP TURF CLASSIC AT 1 1/8 MILES OVER SANTA ANITA LAWN

first_imgARCADIA, Calif. (Jan. 25, 2017)–Millionaire Ashleyluvssugar and Grade I winning Ralis head a field of 10 veterans in Saturday’s $250,000 California Cup Turf Classic, to be contested at a mile and one eighth over the Santa Anita turf. For older horses bred or sired in California, the Turf Classic will be run for the 28th time. RALIS: Owned and bred by J. Paul Reddam’s Reddam Racing, LLC, he was listed as a probable starter in the $12 million Pegasus World Cup Invitational on Saturday as recently as a week ago, but his connections decided to stay home and run against state-bred in the Turf Classic. Trained by Doug O’Neill and a winner of the Grade I Hopeful Stakes at Saratoga as a 2-year-old, Ralis made little impact from off the pace here in the Grade I Breeders’ Cup Turf at a mile and one half on Nov. 5. A 4-year-old colt by top California-based stallion Square Eddie, Ralis is winless in his 11 starts since winning the Hopeful in September, 2015. He may be best suited as a deep closer on turf and would therefore appreciate a fast pace on Saturday. He has three seconds from as many tries at the Classic distance of a 1 1/8 miles on turf and is 16-2-4-0 overall with earnings of $424,428. PRESENTED BY CITY NATIONAL BANK, CLASSIC ATTRACTS FIELD OF 10 FOUR YEAR OLDS & UP AND IS ONE OF FIVE RACES FOR GOLDEN STATE SERIES-ELIGIBLE HORSES ASHLEYLUVSSUGAR: Handled deftly by trainer Peter Eurton throughout his 19-race career, this 6-year-old Game Plan gelding has been idle since running second, beaten 3 ¼ lengths, in the Grade II Hollywood Turf Cup at a mile and half on Nov. 25 at Del Mar. A winner of the Grade II, 1 ¼ miles turf John Henry Turf Cup three starts back here on Oct. 2, he was subsequently fifth in the Grade I Breeders’ Cup Turf on Nov. 5. A four-time graded stakes winner, Ashleyluvssugar has proven effective on the lead or coming from behind. Owned and bred by Sharon Alesia, Bran Jam Stable and Ciaglia Racing, LLC, he is 19-8-3-3 with earnings of $1,007,504. With regular rider Gary Stevens on the mend due to hip replacement surgery, he’ll be ridden by Flavien Prat for the first time on Saturday. THE $250,000 CALIFORNIA CUP TURF CLASSIC WITH JOCKEYS & WEIGHTS IN POST POSITION ORDERRace 7 of 10                                                                                                        Approximate post time 3:12 p.m. PST Ashleyluvssugar–Flavien Prat–126Ward ‘n Jerry–Stewart Elliott–122Ralis–Mario Gutierrez–120Temple Keys–Santiago Gonzalez–120Cardiac–Corey Nakatani–120What a View–Tyler Baze–126He Will–Rafael Bejarano–122Patriots Rule–Joe Talamo–124Tamarando–Martin Garcia–122Poshky–Jamie Theriot–124 There will be a special early first post time on Saturday of 11:45 a.m. Admission gates will open at 10 a.m. For scratches, changes and complete morning line information, please visit santaanita.com.last_img read more

Stricter SA law ‘bringing down gun crime’

first_img19 February 2013The arrest of Olympic and Paralympic athlete Oscar Pistorius following the shooting of his girlfriend, model Reeva Steenkamp, at Pistorius’ home in Pretoria last week has focused considerable attention, in the local and international media, on gun laws and gun ownership in South Africa.In 2004, new legislation came into force in South Africa, in the form of the Firearms Control Act of 2000, that brought in significantly tougher controls on the ownership, possession and use of firearms in the country.According to South African Police Service (SAPS) statistics, the level of gun-related crime in the country dropped by 21.2% between 2004/5 and 2011/12.Gun-related homicide, ‘intimate femicide’While this was in line with a general decrease in crime levels reported over the same period, there is evidence to support a statement made by SA’s Ministry of Police in December that the drop in gun-related crime was thanks to the new gun law.Anti-gun organisation Gun Free South Africa, in its February update, cites data gleaned from countrywide mortuary statistics by the National Injury Mortality Surveillance System showing the percentage of firearm homicides in South Africa’s major centres – Johannesburg, Durban, Cape Town and Pretoria – dropping from 29% in 2002 to 10.8% in 2008.Fact-checking website Africa Check found further corroboration of the police ministry’s claim in research by the Medical Research Council’s Gender and Health Research Unit on the murder of women by their “intimate partners”, which found that the use of guns in such cases almost halved between 1999 and 2009.For Gun Free South Africa, there is no doubt that the reason for the decreasing role of firearms in violent crime in the country is because the Firearms Control Act “drastically raised the bar for gun ownership, thereby excluding people who aren’t fit and proper”.Two-stage licence application processWhile gun owners’ associations will continue to dispute this, it is certainly the intention behind the legislation, which stipulates, among other things, that:A would-be gun owner must first apply to be declared fit to obtain a firearm licence, and be issued with a competency certificate. Only then can he or she apply for a firearm licence, which licenses the person while registering the specific firearm applied for. The applicant must supply third-party character references, and pass background checks which take criminal, mental, medical, domestic violence, addiction, employment, and previous licence records into account.  The would-be owner must demonstrate an understanding of firearm safety and the law by passing theoretical tests and undergoing practical training.  Once licensed, gun owners must re-apply and re-qualify for their licence every two to 10 years.  Where past history or apprehended likelihood of family violence exists, the law stipulates that a gun licence be denied or revoked. Firearm handoverThe law gave existing licence holders five years in which to renew their licences or, failing that, to lawfully disposed of them of surrender them to the authorities for destruction.According the SAPS, some 180 000 firearms were voluntarily surrendered to the police between January 2005 and March 2009. Most of these firearms were destroyed.In spite of this, levels of gun ownership remain high in South Africa. Gun Free SA cites the Central Firearms Registry as reporting that there were approximately 2.9-million firearms registered to just over 1.5-million civilians in SA in August 2011 – down from 3.5-million in the hands of 2.4-million individuals in 1994, when the country held its first democratic elections.Other estimates, taking into account illegal firearms, put that number much higher. Sydney, Australia-based GunPolicy.org, citing an international study published in 2007, estimates that there are almost 6-million privately held guns in SA.The Ministry of Police remains undaunted. Spokesman Zweli Mnisi said in December that gun control was “at the heart of the ministry’s strategy to combat violent crime”, adding that systems were also being put in place “to ensure that firearms that are in the hands of the police and security officers are properly monitored to prevent loss and abuse.“This forms part of the ministry’s holistic approach to combating crime, which includes the promotion of responsible ownership of firearms.”SAinfo reporterlast_img read more

Top 10 Geocaches of the Week 2017

first_img SharePrint RelatedRaiders of the Lost Cache — Geocache of the WeekNovember 15, 2017In “Community”Unleash Your Inner Indiana — Raiders of the Lost Cache (GC2HN2H) — Geocache of the WeekAugust 14, 2013In “Community”Lamanai High (GC19505) – GEOCACHE OF THE WEEK – January 10, 2013January 9, 2013In “Community” Each week we highlight special geocaches from around the world — and what a year it has been. We have seen a wonderful array of geocaches this year from across the world ranging from a Letterbox Hybrid hidden in Taipei, a magical Harry Potter adventure in Germany, an epic canyon Multi-Cache in Spain, a legendary sword-in-the-stone Minnesota, plus dozens of other captivating caches.We took a look at which geocaches you liked most on our blog, Facebook, and Twitter and assembled a top 10 list to share. Tell us which geocaches you liked most!1.) Raiders of the Lost Cache – GC2HN2HAdmit it. Deep down, you want to be Indiana Jones. We ALL want to be Indiana Jones. Full-time treasure hunter, part-time archeologist, and darn handy with a whip — what geocacher hasn’t gotten the Raiders of the Lost Ark theme song stuck in their head?Well good news, adventure seekers. Recently, declassified files, photos, and GPS information has allowed the discovery of a new location for The Ark of the Covenant. It now resides in a large cave, deep in the woods of Pennsylvania!2.) Taipei Beimen Post Office / 臺北北門郵局 – GC3NXZVNeither snow nor rain nor heat nor gloom can keep geocachers away from this Letterbox Hybrid. Well, that’s not completely true since this cache is only accessible during business hours, but you catch the drift.The posted coordinates take you just outside the Taipei Beimen Post Office. There, you must locate a small film canister with a key inside. Take that very special key, head inside the post office, and locate mailbox 59535. Inside you will find a manila envelope filled with a logbook, letterbox stamp, SWAG, and hopefully more than a few trackables.3.) The British Library – GC2M0AFWhat do the Beatles manuscripts, the Magna Carta, and geocaching have in common? They’re all housed in London’s world-famous British Library.The difficulty three, terrain one geocache was placed with the permission of the British Library. Geocachers explore several key locations in the library and discover clues in paintings, plaques and signs.4.) Harry Potter’s Abenteuer – GC6ACTDIf you’ve ever read any of the Harry Potter books or seen any of the movies, you’ll know non-magical people are called muggles. You may also know in the geocaching community, muggles are non-geocachers. This is not the only thing that geocachers and Harry Potter lovers have in common. They both share the same excitement in creating magic and discovery in everyday life. Now, you too can discover what it’s like to be a Hogwarts student while on the epic Multi-Cache journey to find Harry Potter’s Abenteuer.5.) L’aiguille du midi – GC1Y014Afraid of heights? Then this Geocache of the Week might give you the chills!To find L’aiguille du midi, you must first visit Chamonix, an adventurer seeker’s heaven! Steep peaks and endless views in the heart of The Alps draw visitors from all over the world to experience this awe-inspiring town and scenery.At 3,842m (12,605 ft), the Aiguille du Midi and it’s laid-out terraces offer a 360° view of all the French, Swiss, and Italian Alps. A 20-minute ride in the Aiguille du Midi cable car will deliver you to the summit terrace where you will have a clear view of Mont Blanc.6.) GeoTourSwe – The Southern – GC6KP0KA historic building? Great views of the city? Daring feats of adventure? This geocache has it all!The cache is located in Örebro’s southern water tower, which provided water for the city from 1887 until 1958 when it was replaced by a mushroom-shaped tower. Although no longer active, it provides the perfect setting for this T5 Mystery Cache. Where is the cache, you ask? To find out, you’ll have to strap on a harness and get ready for a thrilling adventure.7.) Masca – Los Gigantes – Masca – a real adventure – GC10A3TThis T5 Multi-Cache, located in Spain’s Canary Islands, will send you on a three-hour long trek through a basaltic ravine to an isolated beach. The journey begins in Masca, a small mountain village on the island of Tenerife. Home to only 90 inhabitants, the village is situated 650 meters (2130 feet) above sea level in the Macizo de Teno mountains.8.) Jumanji – GC39CM6“In the Jungle you must wait, until the dice read 5 or 8.”Deep in the untamed wilderness of the Netherlands exists a legendary geocache. The 21 stages of this Multi-Cache bring you through the game of Jumanji. Ward off giant wasps, escape from pesky monkeys, and play the game as you journey towards the Final stage — an official Jumanji game board.Do you dare to take the bait, to learn your geocaching fate?9.) The sword in the stone – GC27N0WAccording to legend, cache owner Diehard50248 used his magical powers to place the sword in the stone and boldly stated, “Who so pulleth out this sword of this stone is rightwise ‘born to cache.’A short journey into the woods brings you to the cache. Only those who are worthy will solve the enigma of pulling the sword from the stone. Twist and turn the sword and pull with all your might. If you are lucky the sword will release itself from the stone. Bring glory to your name by signing the logbook and claiming your smiley.10.) NO LIMIT – Centrale d’Oxygène Liquide – GC1GZ8HHave you ever wanted to feel like a super spy while geocaching? You may get your chance in Audun-Le-Tiche, Luxembourg. The Mystery Cache NO LIMIT – Centrale d’Oxygène Liquide looks like a secret base in a James Bond movie. It is one of Luxembourg’s top-favorited geocaches and is the country’s most-found Mystery Cache.Do you have a geocache in mind for Geocache of the Week? Submit your suggestions by following the link below and it may be chosen for Geocache of the Week in 2018. Until next year!Continue to explore some of the most amazing geocaches around the world.Check out all of the Geocaches of the Week on the Geocaching blog. If you would like to nominate a Geocache of the Week, fill out this form.Share with your Friends:Morelast_img read more