The macroeconomic determinants of volatility in precious metals markets

This paper models the monthly price volatilities of four precious metals (gold, silver, platinum and palladium prices) and investigates the macroeconomic determinants (business cycle, monetary environment and financial market sentiment) of these volatilities. Gold volatility is shown to be explained by monetary variables, but this is not true for silver. Overall, there is limited evidence that the same macroeconomic factors jointly influence the volatility processes of the four precious metal price series, although there is evidence of volatility feedback between the precious metals. These results are consistent with the view that precious metals are too distinct to be considered a single asset class, or represented by a single index. This finding is of importance for portfolio managers and investors.     

Chemisorption and Physical Adsorption Roles in Cadmium Biosorption by Chlamydomonas Reinhardtii

The aim of this study was to investigate the mechanism of cadmium (Cd) adsorbed by microalgae Chlamydomonas reinhardtii (C.reinhardtii). The kinetic and adsorption isotherm of the process could be well described by mathematical models. Chemical modification experiments and Fourier transform infrared spectra indicated that carboxyl and amine groups were the important functional groups for adsorption of Cd. The maximum contribution of physical adsorption in the overall adsorption process was evaluated as 5.5%...     

Belowground effects of enhanced tropospheric ozone and drought in a beech/spruce forest (Fagus sylvatica L./Picea abies [L.] Karst)

The effects of experimentally elevated O₃ on soil respiration rates, standing fine-root biomass, fine-root production and δ¹³C signature of newly produced fine roots were investigated in an adult European beech/Norway spruce forest in Germany during two subsequent years with contrasting rainfall patterns. During humid 2002, soil respiration rate was enhanced under elevated O₃ under beech and spruce, and was related to O₃-stimulated fine-root production only in beech. During dry 2003, the stimulating effect of O₃ on soil respiration rate vanished under spruce, which was correlated with decreased fine-root production in spruce under drought, irrespective of the O₃ regime. δ¹³C signature of newly formed fine-roots was consistent with the differing g_s of beech and spruce, and indicated stomatal limitation by O₃ in beech and by drought in spruce. Our study showed that drought can override the stimulating O₃ effects on fine-root dynamics and soil respiration in mature beech and spruce forests.     

Forensic Evaluation of Metals (Cr,Cu, Pb,Zn), Isotopes (δ13C and δ15N), and C:N Ratios in Freshwater Sediment

A forensic approach was used to evaluate sediments from Portão Stream, including analysis of metals, carbon (C) and nitrogen (N) stable isotopes, and C:N ratios. Samples collected at various points located along the stream were tested in order to investigate a possible illegal leachate input. The studied stream is heavily impacted by sewage and industrial discharges from two cities along its course. Among the metals analyzed, chromium (Cr) was noticeably the main pollutant, showing the highest levels, above regulatory limits, downstream from some potential sources of effluents enriched with this metal. Isotope analyses revealed a general trend of depletion in the heavier isotope along the stream for C and N. The exception was one point near a hazardous waste landfill, where relatively more enriched δ¹³C and δ¹⁵N values were found. The isotope and metal analysis results indicated that this site was affected by a particular source, demonstrating the combination of these parameters could be used for the discrimination of sources in a heavily polluted stream. Nevertheless, further investigations are necessary to provide a comprehensive evaluation of the biogeochemical processes involved in the incorporation of leachate in sediments to use this analysis as evidence for the illegal leachate discharge.     

钱塘江引水降氮示范工程的构建和运行研究

针对杭州西湖钱塘江引水低碳高氮的特点,提出以改性水草塘—复合垂直流人工湿地(IVCW)相耦合的生物—生态工艺进行引水处理,对该引水降氮示范工程的构建和运行效果进行了跟踪研究。结果表明,整个稳定运行期间(2012年7月19日至11月19日),耦合工艺对COD、TN、硝酸盐氮、TP的平均去除率分别为52.27%、52.49%、53.69%、52.79%,系统出水满足《地表水环境质量标准》(GB 3838—2002)Ⅳ标准;改性水草塘和IVCW单元作为耦合工艺的两个重要组成部分,在脱氮、除磷方面优势互补,从而共同保证出水水质的稳定;在改性水草塘单元,温度与COD的去除效果呈负相关关系,进水C/N与TN去除效果呈正相关关系;而在IVCW单元,温度与COD、TN的去除效果均呈线性正相关关系,进水C/N与两者的去除效果也呈正相关关系,且对COD的影响要大于对TN的影响。     

活性污泥缺氧转化1-2-7-三氨基-8-羟基-3-6-萘二磺酸

1—2-7-三氨基-8-羟基-3—6-萘二磺酸（TAHNDS）作为偶氮染料的脱色产物很难被常规的厌氧-好氧染料废水处理工艺所去除。研究了未经驯化的活性污泥对TAHNDS的缺氧转化效果。结果表明,只有在特定的缺氧条件下（ORP在-50～-150mV之间）,TAHNDS才能被活性污泥所降解转化。当浓度在10—80mg／L范围内,TAHNDS可在72h内转化93％以上。加入100mg／L的硝酸盐和0．64mmol／L的氧化还原介体蒽醌-2-磺酸钠（AQS）可将40mg／L的TAHNDS的转化时间从84h缩短到36h。光谱及HPLC—MS分析表明,TAHNDS在缺氧条件下主要是通过脱氨基和脱磺酸作用生成已知可好氧生物降解的3,5-二氨基4-羟基萘-2-磺酸。因此,缺氧处理有望作为预处理工艺促进废水中TAHNDS的完全降解。     

Determination of concentration factors for Cs-137 and Ra-226 in the mullet species Chelon labrosus (Mugilidae) from the South Adriatic Sea

Concentration factors for Cs-137 and Ra-226 transfer from seawater, and dried sediment or mud with detritus, have been determined for whole, fresh weight, Chelon labrosus individuals and selected organs. Cesium was detected in 5 of 22 fish individuals, and its activity ranged from 1.0 to 1.6 Bq kg⁻¹. Radium was detected in all fish, and ranged from 0.4 to 2.1 Bq kg⁻¹, with an arithmetic mean of 1.0 Bq kg⁻¹. In regards to fish organs, cesium activity concentration was highest in muscles (maximum - 3.7 Bq kg⁻¹), while radium was highest in skeletons (maximum - 25 Bq kg⁻¹). Among cesium concentration factors, those for muscles were the highest (from seawater - an average of 47, from sediment - an average of 3.3, from mud with detritus - an average of 0.8). Radium concentration factors were the highest for skeleton (from seawater - an average of 130, from sediment - an average of 1.8, from mud with detritus - an average of 1.5). Additionally, annual intake of cesium and radium by human adults consuming muscles of this fish species has been estimated to provide, in aggregate, an effective dose of about 4.1 μSv y⁻¹.     

Development of a combined isotopic and mass-balance approach to determine dissolved organic carbon sources in eutrophic reservoirs

A combined mass-balance and stable isotope approach was set up to identify and quantify dissolved organic carbon (DOC) sources in a DOC-rich (9 mg L⁻¹) eutrophic reservoir located in Western France and used for drinking water supply (so-called Rophemel reservoir). The mass-balance approach consisted in measuring the flux of allochthonous DOC on a daily basis, and in comparing it with the effective (measured) DOC concentration of the reservoir. The isotopic approach consisted, for its part, in measuring the carbon isotope ratios (δ¹³C values) of both allochthonous and autochthonous DOC sources, and comparing these values with the δ¹³C values of the reservoir DOC. Results from both approaches were consistent pointing out for a DOC of 100% allochthonous origin. In particular, the δ¹³C values of the DOC recovered in the reservoir (−28.5 ± 0.2‰; n = 22) during the algal bloom season (May-September) showed no trace of an autochthonous contribution (δ¹³C in algae = −30.1 ± 0.3‰; n = 2) being indistinguishable from the δ¹³C values of allochthonous DOC from inflowing rivers (−28.6 ± 0.1‰; n = 8). These results demonstrate that eutrophication is not responsible for the high DOC concentrations observed in the Rophemel reservoir and that limiting eutrophication of this reservoir will not reduce the potential formation of disinfection by-products during water treatment. The methodology developed in this study based on a complementary isotopic and mass-balance approach provides a powerful tool, suitable to identify and quantify DOC sources in eutrophic, DOC-contaminated reservoirs.     

Landsat7 ETM+ SLC-OFF数据的修复及其在武汉东湖水质反演中的应用

自从2003年5月31日,从陆地卫星 7发回的ETM+图像数据就存在缺陷。这是由于增强专题制图仪的扫描线校正器发生故障引起的。这些称为SLC OF数据的图像有一些黑色的不存在任何数据的扫描行。丢失的数据约占全景数据的25％,使它们难以正常使用。但是,数据本身仍然保留了良好的辐射和几何性质,如加以妥善修复,仍可以在一些特殊领域中使用。首先介绍了如何使用自适应局部回归算法(ALR)恢复这些图像,然后使用修复后的图像反演武汉东湖的水质参数。结果表明：ALR算法可以对SLC OF图像进行较好的修复,而且利用修复后的图像和东湖的地面水质监测数据,通过多元逐步回归分析,可以建立很好的叶绿素a、透明度、总磷以及总氮等水质参数的经验遥感反演模型,模型的相关系数R²分别为0.86、0.75、0.73和0.71。反演得到的水质参数分布与实际情况符合。这些数据有许多优点,如空间分辨率高、存档数据非常丰富、可以从NASA的服务器免费下载等。在其他遥感数据不足或无法获得的情况下,这些数据经过适当的修复,可以作为补充或替代数据使用。〖     

Effect of lipids on sorption/desorption hysteresis in natural organic matter

The chemical composition and physical conformation of natural organic matter (NOM) play a major role in regulating its capacity to retain hydrophobic organic compounds. Naphthalene and phenanthrene were used to study the correlations between sorption/desorption isotherm nonlinearity and compositional data obtained from quantitative ¹³C solid-state DPMAS NMR spectroscopy for soil and peat organic matter with or without lipids. Sorption experiments were conducted using a batch equilibration method. Desorption experiments were carried out immediately following the sorption experiments by three successive decant-refill cycles. Hysteresis was observed in all samples. Nonlinear sorption behavior was increased by removal of lipids from the NOM. The hysteresis index, obtained from the ratio of the Freundlich exponents (N values) for the desorption and sorption isotherms, was lower in the lipid-extracted NOM samples than in the same samples without lipid extraction. The relationship between the extent of hysteresis and the characteristics of the ¹³C DPMAS NMR spectra indicates that altering NOM composition through lipid extraction not only increased the proportion of aromatic-C content, but also increased sorption/desorption hysteresis. Our data also suggest that the hysteresis index is negatively related to aromaticity.