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Agree- expected a much better climb today but the day is but young here in u.k. But annoying, all my other stocks are up more eg non mining and my even my crypto portfolio's up ~40% year to date - come on cey, get with the game
Gold will be above 2000 tommrow!
I’m puzzled myself why the Goldie’s are down in Europe, barric gold gained 2% last night…
Price of gold up nicely again but does nothing for the centamin proce as we still remain at mid December levels when gold was $90 lowered than today.
Quite an amazing drop from 126 when golds been appreciating in price.
Major stock indexes in Europe traded mostly higher in the premarket on Thursday as investors anticipated the latest interest rate decisions from the Bank of England and the European Central Bank. The Federal Reserve made its monetary policy move yesterday.
Meanwhile, earnings continued to pour in, with Deutsche Bank, Santander, ING and Roche all posting their quarterly results, while Shell will follow suit soon.
DAX advanced 0.35% at 8:00 am CET, while CAC 40 increased 0.80% and FTSE 100 was flat at the same time. The Euro Stoxx 50 added 0.82% simultaneously.
The euro was up by 0.16% against the dollar at 7:59 am CET, selling for 1.10056. The pound traded 0.08% above the greenback and went for 1.23845 concurrently.
Baha Breaking News (BBN) / AY
Gold holding $1954.53 at the moment
https://www.linkedin.com/posts/yasmin-ahmed-425485175_%D8%A8%D8%A7%D9%84%D8%AE%D8%B1%D8%A7%D8%A6%D8%B7-%D8%A7%D9%84%D8%AF%D8%B3%D8%AA%D9%88%D8%B1-%D8%AA%D9%86%D9%81%D8%B1%D8%AF-%D8%A8%D8%AA%D9%81%D8%A7%D8%B5%D9%8A%D9%84-%D9%85%D8%B2%D8%A7%D9%8A%D8%AF%D8%A9-activity-7026496564424519680-YbCp
shalateen company is going to announce the launch of the new bidround for 5 blocks which known of their heavy gold potential (Atud,barramyiah,um ud,hangaliah ,hamatah and fatteri). STAY TUNED!
#mining #investinegypt #goldmining #goldnews
https://www.linkedin.com/posts/sayed-elabnody-77322323b_%D8%A8%D8%A7%D9%84%D8%AE%D8%B1%D8%A7%D8%A6%D8%B7-%D8%A7%D9%84%D8%AF%D8%B3%D8%AA%D9%88%D8%B1-%D8%AA%D9%86%D9%81%D8%B1%D8%AF-%D8%A8%D8%AA%D9%81%D8%A7%D8%B5%D9%8A%D9%84-%D9%85%D8%B2%D8%A7%D9%8A%D8%AF%D8%A9-activity-7026497094261616640-26li/
Posted 13h ago
Egypt is preparing, during the next few weeks, to officially announce the launch of a global bid for the richest areas for gold in the world in Marsa Alam and Edfu in the Eastern Desert.
The bid is put forward by the Shalateen Company on behalf of the Mineral Resources Authority, as it holds the concession for 5 of the richest regions in the world in geological formations that bear gold ore, with rates that may reach more than 20 grams per ton, which represents about 15 times the proportions of gold in quartz veins Sugar [Suakri] mine.
Al-Dustour obtained maps and details of the international bidding that will be launched soon for the richest regions for gold in Egypt, especially after the Mineral Resources Authority and the Shalatin Company obtained all security and environmental approvals, and it also finished setting all the conditions that would attract major international companies to enter the bid.
Bidding, the most important of which is participation rates and the financial and technical ability of companies wishing to enter the bidding, provided that these companies have precedents in research, exploration and gold production, whether in Egypt or in foreign countries.
The maps obtained by “Al-Dustour” indicate the number of 5 regions in the Eastern Desert and Marsa Alam, including areas:
maps images via link : https://www.dostor.org/4299643
Major international companies have also expressed their willingness to enter into the new bidding, which will be launched soon, with a profit-sharing system, given the importance of these areas for the presence of gold in large proportions, based on the geological research that was carried out in the region through the missions of the Mineral Resources Auth.
--------------------------------------->>>>
Note: Atud (177km2) & Hangalia / Umm Ud (529km2) are the concessions adjacent to the new Sukari concessions
Finished at $1966. hopefully holds up overnight in the Asian markets. if it does, we should get a nice little bump tommorow hopefully! Think CEY was holding off for the fed speach....
Just broken through $1950
And they don't know before retail investors- the fed always speak at this time -
if your in USA markets it's within trading hours for example and of course the 24*7 crypto world and of course, you can cfd the gold price easily if you wish
like i said- powell, the fed - sorry to bang on every month like a broken record- but data points and markets it's really that simple - the hard bit is knowing which way!
What the hell caused that spike in POG. Outside of Comex trading period. Some leak as to Central Banks positions. The market always knows before retail investors. Interesting day tomorrow . That is unless a gap to create a shorting position to Institutional Investors to shear the retail sheep. Fascinating stuff. No Geopolitical reason I can see at this time.
No nothing Bob
well i did say it's all about the fed this week - it's all about the commentary that drives sentiment- the commentary and analysis drives things- will see how it ends up 08:00 tomorrow
Currently + .64% at $1940.87
Long time until 8am though
business
Typo ;-(
rt.com/businss/570746-warning-issued-for-petrodollar/
Note the date!
Monetary Fund
March 23, 2006
Presentation by Saleh M. Nsouli1
Director, Offices in Europe
International Monetary Fund
At the CESifo's International Spring Conference
Berlin, March 23-24, 2006
I. Introduction
The surge in oil prices in recent years has been taking place in an environment of rising global imbalances. Starting around 1996, a large current account deficit in the United States has been matched by surpluses primarily in other advanced economies and in emerging Asia, and has been accompanied by corresponding shifts in net foreign asset positions. To promote adjustment, policy advice has focused mainly on the need to promote savings in the United States and to foster expenditure in Asia, while moving to more flexible exchange rates arrangements. The impact of these recommendations has been limited so far, and large imbalances persist.
https://www.imf.org/en/News/Articles/2015/09/28/04/53/sp032306a
The dollar's global stature and wide use stem from the U.S. economy's leading global role and its openness to foreign trade and investment.1 These advantages proved irresistible to oil exporters, and their reliance on the dollar in turn extended its dominance.
https://www.investopedia.com/articles/forex/072915/how-petrodollars-affect-us-dollar.asp
Re Spoonington's misconception
KAU & KAG are hardly unique, they are just another stablecoin theoretically backed by a specific asset in this case gold & silver
Thank you for your enquiry,
It is healthy to question offerings, and we are producing lots of short explainers so as people can understand these complex products better, such as this blockchain explainer…
https://kinesis.money/blog/blockchain/understanding-the-kinesis-blockchain/
Regards
Andrew Maguire
Thanks Tibbs
Well written piece - Good Info. - Cheers.
Hi Paul,
Re your questions, it took me a little while to get you the answers, hope this helps?
Submitted by admin on Tue, 2023-01-31 14:47 Section: Daily Dispatches
By Robert Lambourne
Tuesday, January 31, 2023
Based on its December statement of account, published today --
-- the Bank for International Settlements, the central bank of the central banks and their gold broker, appears to have closed its gold swap business as of the end of the year.
It has been a rather wild ride for the bank's gold swap business since October, as the estimate for that month showed only 7 tonnes of gold swaps outstanding, and then In November the estimated volume of swaps rose dramatically to 105 tonnes.
The reduction in swaps more recently has been linked to the requirements of Basel III for more capital to be held in support of these transactions.
As is usually the case with the BIS, it seems unlikely that more information about the swaps will be released. It is also possible that the worsening outlook for the finances of Western nations, especially the United States, reduces the attraction of the gold swaps to the BIS and the central bank or banks for which the BIS seemingly has been acting.
As is clear from Table B below, the level of BIS swaps had been significantly higher in the first half of the year, and the October and December totals were easily the lowest in more than four years.
... Dispatch continues below ...
https://www.bis.org/banking/balsheet/statofacc221231.pdf
Major stock markets across the European continent saw slight gains ahead of Wednesday's opening bell as investors focused on the upcoming policy decision from the Federal Reserve, which is expected to bring rates up by 25 basis points.
As the earnings season heated up, Novartis, GSK and Vodafone were all expected to publish their fourth-quarter financial results throughout the day. The day will also be marked by the first preliminary inflation data for January, with markets expecting a slight decline.
The FTSE 100 slipped 0.06%, the DAX gained 0.08%, the CAC climbed 0.13% and the Euro Stoxx 50 expanded by 0.16% at 8:02 am CET.
The euro traded flat and the pound lost 0.09% against the dollar at the same time to sell for 1.08717 and 1.23170, respectively.
Baha Breaking News (BBN) / ND
Happy hump y’al
Gold currently $1928.46
I do hope you are right but when I fist read your bullish comment, I saw Gold is now bull****. ??
By former Whitehouse US Assistant for Economic Policy.
Paul Craig Roberts, published Monday.
Are the cracks begining to show ?
IMHO ,a little too early for that , But Ard Times acoming.
I think the same advice of exercising extreme caution and doing research can be said about most potential investments, even gold mines run on "Spoof"for short term gain to pump up the price by "Chancers and former policemen!
I seem to recall Andrew Maguire referring to this in several recent broadcasts!
'Unreported' Central-Bank Buying Boosts Global Demand
Tuesday, 1/31/2023 14:45
The GOLD PRICE fell and then rebounded from 2-week lows against a rising Dollar in London trade
Quite so Nofear!
Tuesday, heading into tomorrow's much-anticipated US Federal Reserve decision on interest rates just shy of $1920 per ounce after the world's largest gold ETF saw a small outflow overnight.
With the price of gold dipping within $1 of $1900 per ounce before rebounding, new data from the World Gold Council meantime made headlines by reporting the heaviest global gold demand since 2011 for last year as a whole.
"Colossal central bank purchases, aided by vigorous retail investor buying and slower ETF outflows, lifted annual demand to an 11-year high," says the mining-industry-backed WGC, now marking 30 years of its regular and widely-respected Gold Demand Trends reports.
Despite that rise in total demand however, gold prices were dead flat in Dollar terms in 2022, rising just 0.08% on the previous year’s annual average for gold's weakest price increase since the bottom of the bear market ending in 2015 thanks to large private investment flows to physical bullion turning negative, gold-backed ETF trust funds shrinking, and speculators cutting their bullish betting on futures and options contracts.
https://www.bullionvault.com/gold-price-chart.do