Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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The UK is expected be the only country to shrink this year across all the advanced and emerging economies. Even sanctions-hit Russia is now forecast to grow this year.
Paul Johnson, director of the Institute for Fiscal Studies, said that the IMF's forecasts were not always right, and he noted the fund was "actually being more optimistic than it was a few months ago".
Forecasts from the Bank of England due later this week are likely to be more positive than they were two or three months ago, he added.
"My best guess is that the economy will be broadly stagnant this year. That we're not going to get much in the way of growth but we're not going to have a deep recession either," he told the BBC's Today programme.
"Now that's not great, particularly as we should be bouncing back more strongly from Covid and particularly as we've not been growing terribly well for the last decade and more."
https://www.bbc.co.uk/news/business-64452995
https://actionnetwork.org/petitions/break-free-from-fossil-fuels-to-bring-down-food-and-energy-prices/#01
Hi mrtibbles
Just to connect your thought on US job payroll, with something posted on the other tread about USD been a Fiat currency.....
Indeed the $ may be a Fiat currency, but the purchase power of USA citizens is still much greater than many other Countries. So is not only the unemployment rate that create inflation, but also how much more USA citizens get paid.
Incidentally with the U$D been the world currency, the Fed and Co. are able to control more directly and efficiently the US finances. Risky business going against the free market, when you have 150% of GDP in private debit.
Hi Spoonington,
Be very interested to see your evidence in support of your claims?
Have a nice day !
Your old mate Tibbs!
Hi LuckyLuciano, possibly not confusing , but far more intentionally complicated ,complex, corrupt and politically influenced than the privileged shadows that pull the levers behind closed doors would like us ordinary mortals to realise , or even worse question!
But how ridiculous that the fate and livelihoods of so many of the world's communities should have become so dependant and influenced to the good or bad by the announcement of some manipulated figures on the first Friday of each month supposedly providing the total monthly increase or decrease in paid U.S. workers across most businesses!
Increasing numbers may show economic expansion but may also give investors reason to be concerned about inflation and decreasing numbers suggest a broader economic concern.
How could the privileged position of the USA and it's dollar backed up by nothing more than a paper promise to repay ever more debt with yet more unbacked paper carried on for so long?
Trump's misguided notion of imposing tariffs to trade with the US because the rest of the would was taking advantage of the US has exposed the truth that exactly the opposite is true and this will accelerate the demise of the dollar as the world's reserve trading currency and should help bring about a fair price for gold.
The UK is is much the same position as a result of a bungled and disastrous Brexit led by those inward thinkers who put heir own greed and self interest first , but now the reality is apparent the UK has lost trade, jobs, workers, civil liberties, freedom of travel and most of its influence on the word stage being now regarded a non entity by many other nations!
The sham of the London Metal Exchange is out and its now desperately trying to save it's self from going down the pan as it is forced to comply with Basel 3 by playing fairly!
But once again thank you for your thought provoking posts to this debate!
I did not mention “political” parties in anyway so maybe read things more carefully before entering into your rants - I have looked at where they receive their funding from & surprise, surprise the ideological leanings that are evident in their “unbiased” presentations match those of the major funding parties.
Credible evidence is right in front of you in the form of facts and actual occurrences. Just because you choose to ignore these as they do not fit with your preferred narrative does not mean I will feel motivated nor obligated to educate you - seeking truth & thus a proper education is primarily a personal responsibility.
Lucky
The US$ has been fiat currency for decades, or have I missed something? and has long lost its social license to operate as the saviour (self appointed) of the (western) world. Endlessly conflicted with self interest.
What China has done and is doing is of far more importance, and I suspect far more sustainable.
People’s Bank of China Governor Yi Gang said that Beijing has largely ended regular foreign-exchange intervention, and pursues a policy aimed at enhancing the ease of use of the yuan for Chinese households!?...he said his own perspective is that history shows that “sooner or later” the market defeats the central bank. A slide in Yi’s presentation at the PIIE showed that “in recent years, PBOC has by and large exited from regular intervention”.
https://www.piie.com/
In its semiannual foreign-exchange reports, the US Treasury Department has consistently criticised China for a lack of transparency in how the country manages its exchange rate...lack of transparency, kettle and the pot joke?
China has in effect reinvented the concept of money, transforming a backward, antiquated cash-based finance system into one centered on super-apps created by technology giants Alibaba and Tencent. In the book ["The Cashless Revolution: China’s Reinvention of Money and the End of America’s Domination of Finance and Technology" Martin Chorzempa] is a portrait of a system grappling with unprecedented challenges, an investigation into the financial and ethical questions in their wake, and an exploration of the impact on the lives and habits of people across the globe.
Go gold
Enjoy the weekend ! Let your hair down !
the Gold Gnome
On banks Friday financials and in particular JPMorgan..
Seem majority of recent profit is coming from higher rate returns from US bond, how are they going to square up next quarters number, when Bond yields is coming down?
Will they be selling bonds to balance the cash flow, considering that bank deposits are down 7/8%.
Will the Fed keep big US banks happy, by carry on rising rates even if the inflation is coming down.
Given the connection between big banks and the Fed, and to make sure big US banks keep making profit, is likely that the Fed will make sure that every rate policies going forward, is very much in the knows for these institutions, well in advance of the main market, so that big banks can profit out of these policies decisions.
In long terms this is not going to work for the USD, but should be working for big banks and friend....
Well US should have know better, before exporting manufacturing to China.
Copyright and patent issues may have some legal ground, if anything this is the area where WTO should operate, by making sure a minimum time of exclusivity is respected. This can only happens if countries talk to each other and if is done at international level and not bilaterally.
But then again what goes round comes round, hence nobody is stopping the West, to copy or make better Chinese technologies and product.
As Italian where I would set a veto, is if they started to sell Parmesan Cheese made in Beijing.
Since China was allowed to be part of WTO, the US has been complaining about the CCP deliberately devaluing the Chinese currency, and yet the Chinese till recently, have been the biggest net buyers of US debit.
If wasn't for real, this could be one of the best financial jokes to say at a party.
Now the music has stopped, who is going top fix the printing money addiction of the US?
This is why the Fed as no more shame and follow no more rules in favouring its closest friend, its financial mafia now.
Imo only way out is for the USD to become Fiat currency, alternately the FED could peg the USD back to gold or indirectly back to whatever new currency the BRICS would come up with.
Yes it seems some Western countries ,see others currencies now backed by Gold.
A threat to their precious ,current world trading currency.
And yes ,Bretton Woods agreement is becoming more and more un-popular, problem is you need a substancial amount of physical to back a currency.
How good it was to see , pomise to pay the bearer ,on a banknote.
It would definitely seem that the unsettlement between world leading countries is causing the POG to advance.
Good post, thank you.
two interesting articles in today's Times, indirectly linked to the price of gold.
The first entitled "alliance of Autocracies leaves US out in the cold" and the second "Chinese bribed Nigerian militants for access to mineral reserves" which are smuggled out.
The first refers to the Arab world coming together with Iran (an ally of Russia), the second shows China exploiting other countries' wealth, whilst keeping the politicians happy.
So the first is about autocracies and self-interest/ self-preservation. The second about trade, bribery and corruption, in short self -interest trumps legislation. Timothy Snyder interview 19th February on Putin gives you the autocrat's thinking, as well as fear of the law and order in the West. But he misses the Chinese argument that Western laws are made for the good of the people, but then exceptions made which negates them. So Free Trade is circumvented by patents, copyright, import duties and controls etc. Laws on monopolies and monopoly pricing, but no laws on restricting supply, and exceptions for brands and packaging etc, laws on taxation, riddled with laws covering exemptions and get-outs for those who lobby. The one thing the exemptions have in common is to preserve and protect the status quo. China believes it has to ignore the these laws, and has done so. Now it wants to break the US dollar, which has allowed the US to borrow and spend beyond its own means. China has persuaded UAE and now Brazil to accept Chinese currency for their exports. It's likely that it has promised two things. Stability in volumes and prices for a certain time. And guaranteed the strength of the Chinese currency. The first appeals to a country that has seen fluctuating volumes and prices thanks to "Free trade". The second had to be done, given the Chinese grew their Economy by depreciating its currency. It can only guarantee its currency if it is underpinned. probably by gold It really might have "promised to pay the bearer".
So it is amassing gold, through its own mines, Russia's, with Nigeria being an illegal example, though the article suggests that there are others in Africa as it has sought the help of Blackwater Security's Erik Prince to protect Chinese companies in Africa.
lol
No doubt this tread is becoming confusing, I am trying to understand if political parties and freedom of speech, has something to do with gaps in POG...
Sticking with the post headline, imo "gaps" in a price chart are only relevant when unjustified.
Not every gap get filled, apparently depending at what stage of a price action it forms...but no doubt a price gap where the fundamentals/data are not justifying the price value, are more likely to get filled.
The only gap I see on POG is on the 12 March and is a very tiny gat $1.45 hour or $1.40 day (this from my chart platform data, been investing.com)
Who knows if POG will go so low, if Friday little drop is due to good financial numbers from bank, overshading bad retail sales, imo its irrelevant for POG and the drop can be a healthy correction.
To close this tiny gap POG needs to drop to $1874.25, implying USD Index back at 105 levels
Quite so Paul!
Things are looking much better since Martin Horgan started to run Sukari properly after the pile of crap that the the previous bunch of carpet baggers left behind!
Keep well!
Tibbs
The dynamic expansion of BRICS and SCO nations as they continuously form new relationships, united in a common goal of economic betterment away from the US dollar hegemony.
https://www.youtube.com/watch?v=xnHxRF937Rg
What is an example of a hegemony?
Hegemony can refer to a dominant nation or culture, but also the dominance of a particular ideology or way of thinking. For example, in the early 1990s, the United States exerted hegemony over the world by promoting neoliberalism as the only acceptable way to think about economics.
Be interested to see your proof on your accusation of political party funding?
FullFact aren't funded by any political party and if you care to check the you will find they offer analyse and check statements and policies from all the political parties and media channels.
As for being naive then Spoonington possibly you might like to reconsider if your views on Mr Putin and his war crimes in Ukraine?
Strange how Spoongton is always right but never offers any credible evidence or even evidence at all to support his statements?
Well Mr T. I cannot say that the regular, usually Friday afternoon spankings are enjoyable, but so much easier to take recently. If you can take a $35 spanking and still finish above $2000 , it looks like gold is getting a bit stronger. Our profits are linked to the price of gold and if we can get AISC down, even better.
I've said I'd be happy for the share price to stay around this level for a bit longer, especially if our profits and dividends go up due to the price of gold holding at this level or maybe rising to $2050. Then we should get a reasonable dividend, there should be more money in reserve for whatever Centamin want to do, and it would get Martin Horgan a bit more breathing space for taking on the waste clearing.
I cannot say I have been happy with the wall clearing costs and the lower dividends, but I think the former needing doing to open up things quicker for easier, lower cost mining in the not too distant future.
Have a good weekend Mr T.
The Daily Telegraph: Artificial intelligence chatbots may be able to correctly predict the movement of stock prices by instantly analysing news headlines, research has claimed.
Subscription only:
https://www.telegraph.co.uk/business/2023/04/14/chatgpt-can-beat-the-stock-market-professor-claims/
Yes they just have to be impartial, they would in no way be motivated to align themselves with the interests of the parties who provide them with the funding they require to operate. Maybe ask them to check the definition of naivety?
No doubt today USD move smells of manipulation, what a great opportunity trying to push the USD index up in sink with banks earnings.......
Incidentally: https://www.investing.com/news/stock-market-news/sp-500-slumps-as-fed-rate-hike-fears-overshadow-earningsled-rally-in-banks-3056042
The recent bank turmoil did, however, have an impact on banks, with JPMorgan and Wells Fargo reporting a 7%% and 8% decline in deposits from a year ago.
Hence take away 7/8% from headline profit please.
Gold and Silver Drop from 11% and 25% Monthly Jumps But Ratio Falls to New Year Level
Friday, 4/14/2023 14:38
GOLD and SILVER PRICES fell hard this afternoon in London, dropping from what would have been a new all-time record Friday finish and the highest weekend level in 21 months respectively as longer-term interest rates jumped despite new data saying that US retail sales shrank badly last month.
Betting fell back that the Federal Reserve might not raise its key target rate again next month as 10-year borrowing costs in the Treasury bond market jumped to the highest in 2 weeks as giant US financial services group J.P.Morgan reported record quarterly revenues, with profits for Jan-March jumping by more than a half from the same period last year.
https://www.bullionvault.co.uk/gold-news/gold-silver-041420232
Remember
J.P. Morgan .P. Morgan do during the Panic of 1907?
J P Morgan purchased $30 million in city bonds, discreetly averting bankruptcy for the city. Moore & Schley, a major brokerage, nears collapse because its loans were backed by the Tennessee Coal, Iron & Railroad Company (TC&I), a stock whose value is uncertain.
Who Runs the Fed?
The Federal Reserve model undermines economic well-being by concentrating power—and therefore wealth and income—in fewer and fewer hands!
https://www.dissentmagazine.org/article/who-runs-federal-reserve-2008-crash
During the period that I was unfortunate and stupidly enough too be involved in CFD trading it was the norm the majority of traders and retail holders to close their positions over the weekend to avoid the inevitable getting knocked through their stop losses and out of a position by gap up or down on the Monday morning open.
Stop losses are a complete joke because the Market Makers can see them and most retail investors make the mistakes of not realising that although the market is closed as far as they are concerned in reality it is open to the privileged over the week end.
So today's close with the spanking of gold was really most likely, the Yanks want to protect their dollar over the weekend!
There is not one algo there are more, if you pay and are accepted you will access one.
The quality depends on how good the programmers.
The large Bankers and wall street , of course can afford the best. Why buy a Ford when you can buy a chevvy.
They algos are tipsters ,if suficient idiots make a trade ,they may find the rug pulled from under them, for the benefit of ? :-)
It works both up and down on the latest news, like today with Gold price , not just traders out ,it was US consumers ,less for March. Nothing that important.
Trading is not like it was years ago. ;-)
Just wondering--If the algos are so sophisticated now, do they factor in the traders exiting for the weekend? Do the traders exit on Thursday night or Friday morning? When do they get back in?
Given that chess computers play at a level beyond humans now, wont the algos outsmart a trader???
Gaps mean nothing
There’s more gaps left unfilled than potholes in roads…