Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
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Ten-Fold Increase in US Jobless Claims Supports Rate Pause by Federal Reserve
https://www.kitco.com/commentaries/2023-06-08/Ten-Fold-Increase-in-US-Jobless-Claims-Supports-Rate-Pause-by-Federal-Reserve.html
What’s the opposite of a yawn. Cheers for the link.
Major stock indexes in Europe traded higher in the premarket on Friday as investors prepared for the European Central Bank's monetary policy decision, which will be laid out next week. ECB is expected to raise its interest rates further. On the data front, Eurostat revealed yesterday that the economy in the euro area contracted 0.1%.
At 7:38 am CET, the DAX grew 0.11%, while the CAC 40 rose 0.15% and the FTSE 100 increased 0.18%. The Euro Stoxx 50 added 0.21% simultaneously.
The euro was flat against the dollar at 7:39 am CET, selling for 1.07792. The pound traded 0.08% lower against the greenback and went for 1.25508 concurrently.
Baha Breaking News (BBN) / AY
Happy Friday y’al
Enjoy your weekend
Yawn…
John Reed Stark, a former attorney for the Enforcement Division of the U.S. Securities and Exchange Commission (SEC), has issued a stark warning to crypto investors in the wake of the regulator's lawsuits against Coinbase and Binance: “Get out of crypto platforms now, I can't say it any plainer.”
Stark made his plea via Twitter on Thursday. “Having worked as an attorney in the SEC Enforcement Division for almost 20 years (including 11 years as Chief of the SEC Office of Internet Enforcement), I believe that we now know for certain that crypto trading platforms are under a U.S. regulatory/law enforcement siege which has only just begun,” he said.
In an effort to get past the expected pushback, Stark noted that he is “typically an outspoken and dedicated SEC critic,” has “no stake of any kind in the cryptoverse,” and is “100% objective, independent and neutral.”
From there, Stark went on to say what many in the industry have been trying to avoid: “My take is that the SEC is spot-on with their crypto-related enforcement efforts. No matter what the carnival barkers promise, it is axiomatic that crypto trading platforms are high-risk, perilous and inherently unsafe.”
https://www.kitco.com/news/2023-06-08/Former-SEC-attorney-warns-investors-Get-out-of-crypto-platforms-now.html
And Chinese demand for gold to support Centamin's share price
is
not investing
it's
desperation.
Yep. like I posted at 13:33- bizarre that CEY didn't respond though- gold up, CEY down...
The prices of gold and silver rose on Thursday as investors assessed the latest economic data coming from the United States. Initial jobless claims in the country grew by 28,000, going above analysts' expectations and reaching 261,000.
The latest figures could affect the Federal Reserve's next monetary policy decision, which will be revealed in the following week, as the cooling of the labor market might push the central bank to consider pausing its interest rate hikes.
Gold advanced 1%, to go for $1,958.91 per ounce at 9:11 am ET. Silver jumped 2.01%, selling at $23.91 per ounce at the same time.
Baha Breaking News (BBN) / AY
Futures - Gold $1968 +23 and Silver $24,28 +0.83 spiking UP at the moment
intraday chart... http://uk.advfn.com/p.php?pid=staticchart&s=PM%3AXAUUSD&width=290&height=180&p=0&t=23
Https://www.msn.com/en-us/news/world/monsoon-reaches-india-s-kerala-after-longest-delay-in-seven-years/ar-AA1chJLh
Late arrival, but this will help support CEY rally from sometime next month.
Goes not goods lol
261k v 235k last week, hence spike
Funny old share this - there was I feeling v pleased with myself to get back in at 97.9...
Just added now 25% in and Centamin overtaking my rare earth holdings. At 33% in, will only have Shanta gold in front of CEY. As it drops I intend to keep buying. Can not predict a bottom but Centamin now pricing gold below $1880 an ounce.
I wonder have far it go down. The CPI coming soon hopefully move it up...
Major European stocks posted slight losses ahead of Thursday's session as investors awaited Eurostat's latest data on the performance of the Eurozone's economy in the first quarter of the year. The expansion was seen at 1.2%, slightly under the preliminary figures.
Meanwhile, markets remained mostly focused on the Federal Reserve's upcoming policy meeting on June 13-14, which isn't expected to bring new rate adjustments.
The DAX lost 0.29% at 7:48 am CET, while the CAC 40 fell by 0.25%.
The Euro Stoxx 50 declined by 0.31%, and the FTSE 100 slipped by 0.08%. Both the euro and the pound added 0.12% against the dollar at 7:55 am CET to sell for 1.07120 and 1.24526, respectively.
Baha Breaking News (BBN) / ND
Gold currently recovering .3% against last night’s close.
Yep and gold has risen since the - so what does this tell you? It tells you exactly what I said…. Inflation and lack of deflation is hitting miners
Centamin anticipated the drop in gold and is still 1.5% below any retreat in the GDX ETF that happened today. Expecting a reasonable probability of 98p holding tomorrow unless gold does much bigger drop overnight.
In May China bought 16 tonnes more.
They already have more bullion than anyone, what does that tell you ?
We just in line with most(not all but most eg barrick, newmont etc) others past month- eg down about 15% past month. Gold down past month and costs still rising as inflation stickier than anticipated and expected deflated cost items not deflating as quickly either
And now gold/silver down... commentary pointed to US growth etc hence drop, but US today was back to hike not stall(that was yesterday lol)... Initial jobless tomorrow but of less importance now, CPI next week key.
Its on its way Tony ,across the Bay of Bengal, looks like umbrella sales will rise ;-)
The suspense is also the monsoon for India and it now delayed until Friday.
We should respond very soon! I see a no. of reasons for this. i.e. China cutting rates, suggestion USA to stall increases, and USA Tech rising causing extra demand for precious metals. Time will tell if the rally holds but looking good so far! Fingers crossed. GLA.
Added into position. About 1/6th in. Not sure of how it plays out, but now have more Centamin than HOC.