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Nail on the head there Mr Bond!
Quite so, indeed quite so, incredible if only "Spiiting Image" was still around , what would they make of Trump !
Trump intend getting re-elected.
I wonder what he threatend them with.
Strong Buy!! We should respond to this Gold price already moving up strong!! Great news for Precious metals miners particularly Centamin. IMHO.
From CNBC expected cut rate by .50 bases points by 11:00 AM Estern.
Did everyone else hear Trump ask the experts if anyone had thought of trying the old Flu vaccine, would that work ?
The film Idiocracy has come true.
There has been a lot of doom articles on the Z hedge regarding COVID, however some of these articles have I think called it right. They've been banned from Twitter because of this.
Sounds like the virus was created in a lab as an experiment, tested on animals then accidentally got into the wet market 20kms away.
Can you please tell me when you are planning to issue your 2019 Annual results announcement
Thank you for your kind help.
Thank you for your email.
The date of the full year results will be announced shortly – however, as guidance, we are looking at around the middle of this month. This is later than when we would normally announce, but it is mainly to do with the delaying factor that the unsolicited corporate activity brought to the audit process, so apologies for this in advance!
Please keep an eye out for an RNS announcement, which will be made as soon as we have the finalised date.
Thank you halfpenny, I was unaware of that.
I am not a religious persons, so I wouldn't claim that this is some divine retribution on mankind, but wonder is mother nature making a point against mankind, the species some of which commit such atrocities and continue to abuse and destroy the planet and its other inhabitants?
Unfortunately so many of the decent, good and innocent people will suffer and die whilst those who deserve to be punished Trumpo and the others who exploit and exert such control over the destiny of the many will survive because of their privileged positions in the world order!
Yes more die from flu, but a silly comparison as Covid-19 has a 20 to 30 times greater mortality rate. Statistically 1 in 1000 will die from influenza but 20 to 30 from Covid-19. This is a new virus in the human host and will be adapting within.
Equities on European markets were higher in premarket on Tuesday after German and French finance ministers, Olaf Scholz and Bruno Le Maire, agreed yesterday to "act decisively" to combat the potential novel coronavirus (COVID-19) impact on their countries. Meanwhile, the United Kingdom is expected to announce a nationwide "action plan in response to" the outbreak later in the day.
Investors will also monitor Eurozone inflation, producer prices and unemployment rate figures set to be released early in the trading session.
Frankfurt's DAX advanced 1.05% at 8:00 am CET, while the FTSE 100 increased by 0.76% one minute later. In Paris, the CAC 40 rose by 0.86% at 8:02 am CET.
The euro was 0.09% higher compared to the dollar at 7:59 am CET, trading at 1.11457. The British pound gained 0.22% against the American currency, going for 1.27932 at the same time.
Breaking the News / MS
Mr Brown sold the BOE Gold when too cheap and the Cons will probably buy it back when dear. However I feel it a great hedge here against World events. If those who sold Gold last week have made a bit on shares they will come back into the yellow stuff later and wait for the next event . I understand from my VET a Coronavirus is not a rare thing it has been around for some time in one form or another. More people die from general flu than the current virus hitting all of the headlines.
Stock markets in the United States continued to rally midsession on Monday, trying to rebound from heavy losses incurred last week.
Concerns regarding a potential outbreak of the coronavirus in the US were somewhat counterbalanced by President Donald Trump urging pharmaceutical companies to "accelerate" the development of the vaccine. He is set to meet with executives from the industry later in the day.
The Dow Jones soared 777 points or 3.06% at 12:02 pm ET. The Nasdaq 100 and S&P 500 followed suit, surging 3.12% and 2.82%, respectively.
Breaking the News / GG
Going by the way the Dow, the NASDAQ and the S&P500 are trading the U.K. market s ma well rally tomorrow as strongly as today.
Centamin: Peel Hunt reiterates hold with a target price of 145p.
Spot on Supercharger.
They confiscated gold once before.
Even out of private bank deposit boxes.
I remember such an event.
The Bank simply returned the value of the coin in cash.
Nothing could be done.
A better description was piracy.
Where else is there to invest in shares at the moment apart from the precious metals? i.e. Industrials will/have taken a hit. Travel firms a real hit, airlines too (as expected), the only reason Gold sold off was most likely for those holding Gold to buy into shares thinking in some way this was a short lived drop in shares well they are wrong the market today is still falling (apart from the Precious metals generally). It seems the virus is spreading and will more than likely continue. I am staying well put here and my other miners. There's no point in sitting on cash either as it does not pay interest. Here we get good divis.
Wonderful sentiments as ever!" from Tiger & RazorsEdge
Totally agree Sotolo!
I really despair that the so many of the general public can't be bothered to vote and so many that do are so ignorant of just how unfit for purpose our present "First past the post" electoral system is, the present system almost guarantees that the same type of greedy self serving
and detached from the reality of ordinary life politicians remain in power!
Huge government majorities are always a bad thing for democratic representation and our present governments policies, £64 billion on an unneeded railway line to get some of the privileged to the outskirts of a northern city twenty minutes sooner whilst our NHS and social services are starved of funding and sold off to the private sector is testament to that!
We now have a ex game show host PM who as a journalist was caught out lying on many occasions even in Thatcher’s time and he continues to lie and deceive supported by a media under the control of the those who benefit most from the present corrupt and broken status quo!
Poor prince Harry doesn’t know how he will manage on £34 million and his father’s dole outs now he has been denied his civil list allowances just because he doesn't care to carry out his responsibilities!
Whilst in so many town centres of "Ponundlands", Betting shops, charity shops and cash exchanger's so many of the doorways of the boarded up shops are inhabited with the homeless with no proper access to anything, certainly not healthcare9an ideal breeding ground for the coronavirus!
On Friday I suspect manipulation of the PM prices on the London and Wall Street’s markets by the "Fed plunge protection squad " and this will no doubt continue to try and protect the over bloated indices that if allowed to fall may create yet another financial crash!
Tiger wonderful sentiments as ever, and on forecasting I am far more interested in what you and others here have to say than all those herd gold pundits with their websites selling gold too. I have over the years mentioned the wonders of this board and the book Superforecasting, now also extolled by Dominic Cummings for better or worse. It suggests that a group of disparate informed amateurs who argue their different opinions, are far better than the herd pundits who are little better than monkeys with darts. Which is why I get so upset when some of us disparage others on this board with different views, as they are just what makes this board so valuable. My current view is that it is frightening, but ultimately gold is still way above the 200 day average (and even 50) in a bull market, and fundamentally the gold price runs inversely to real interest rates that seem destined to fall even further. Today is quite probably a bounce, I remember Uncertain’s dead cats in Schrodinger boxes. But as Tiger says forecasting shorter term becomes harder when governments and treasuries interfere with easing, helping all assets of the rich up. Tiger great sentiments, although we may all invest often for our old ages, we have some such decent people from you to Prof, Tibbs etc etc on this intelligent and most helpful board. So more views on where gold will go please.
Tiger it’s very true what you’re saying... the moneyed ones are Positioned correctly to benefit first if the government supports the market. Me I’m just glad to hear of the idea this morning because otherwise I believe there’s more uncertainty from the scaremongering media headlines in the days to come.
Hi Razors Edge!
Honestly, I do think the central banks will end up buying shares (as well as bonds) to prop up the markets - probably the ECB will move first. The authorities can't afford to let the markets collapse - it would cause a slump.
To speak of feelings, this "welfare for the wealthy" disgusts me. Better they printed the money and tossed it out of a helicopter over the poorer parts of our cities. But somehow it's "wrong" to give free money to the poor, but "OK" to give it to the rich.
This is an excerpt from an article which supports your interesting comment about governments supporting the market.
“Federal Reserve Chairman Jerome Powell asserted policymakers would "act as appropriate" to contain the possible economic impact of the outbreak, while Bank of Japan Governor Haruhiko Kuroda said that the central bank stands ready to support markets as the coronavirus crisis unfolds.”
To be honest, I'm confused and uncertain about gold and even more so about gold stocks.
I'm sure I don't want to be invested in "other" stocks right now. I think the wider market still has a long way to drop. This combination of the coronavirus PLUS bubble valuations PLUS huge debts has the potential to be really toxic.
I'm not sure that I see much safety in government bonds, as prices are already so high (and yields so low) that any reversal will be swift and painful. As for corporate bonds, I see great danger in all but the very safest (and remarkably few are safe). Most companies are in no position to cope with a "sudden stop" in their activities - like a cyclist they must keep pedalling and going forwards, if not they fall over.
I'm not confident about the other precious metals, either. Silver, platinum, palladium and rhodium are really just very expensive industrial metals, and where industry goes, they will follow.
I also lack the confidence to go short on the market. What if the central banks declare that they are going to buy stocks to support the markets? As indeed Japan and Switzerland are already doing.
I think that gold will eventually rise strongly against this backdrop, and that shares in a solid debt free gold miner like Centamin will rise with it. But I'm not sure that we're done with the "forced liquidation and margin call" phase of this slump yet. I think there may well be a second wave to come once the coronavirus gets embedded in a major city like New York or London.
Just my random thoughts. I hope that isn't too glum for a Monday morning?
Major precious metals pushed higher on Monday following a coronavirus-fueled plunge in prices on Friday, which saw gold slide the most since 2013. Despite its status as a safe-haven asset, gold along with other metals joined stocks in last week's freefall which was sparked by a surge in new cases of the virus outside of China.
Gold jumped 1.38% to $1,602.09 per ounce at 2:20 am ET, while in euros the valuable metal advanced 1.21% €1,448.16. Silver gained 2.14% to $16.97 at the same time, while platinum climbed 1.65% to $878.12 an ounce. Palladium was up 1% to $2,617.10 per ounce following Friday's double-digit drop.
Breaking the News / JC
Gold fell considerably after 4:30 on Friday so I’m not sure any rise this morning will be that great, still it’s good to see upward pressure bearing on the down.
European stock markets were higher in premarket trade on Monday, showing signs of recovery after last week's selloff caused by the spread of the coronavirus. Yesterday, Italy revealed that it will dedicate €3.6 billion to counter the novel coronavirus (COVID-19) outbreak in the country. Meanwhile, the World Health Organization's (WHO) Director-General Tedros Adhanom Ghebreyesus stated that "global markets should calm down." The global virus death toll exceeded 3,000 after the latest reports from China.
The DAX gained 1.22% at 8:01 am CET. London's FTSE 100 increased by 1.69% concurrently, while the CAC 40 rose by 1.37% at 8:02 am CET.
The euro was flat compared to the dollar at 8:02 am CET, trading at 1.10418. The British pound advanced 0.15% against the American currency, going for 1.28394 at the same time.
Breaking the News / MS
The SLUMP in gold prices accelerated Friday afternoon, taking the metal $30 lower inside an hour and erasing the previous 2 weeks of gains as rumors spread that the Federal Reserve is preparing to cut US interest rates to try and halt the stock market plunge, spurred by widening cases of novel-coronavirus outside China.
With betting on the US central bank's mid-March meeting now split between forecasting a cut of 0.25 and a cut of 0.50 from the current ceiling of 1.75%, "There's some chatter right now about an inter-meeting Fed rate cut," said Bloomberg's Lisa Abramovicz.
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