Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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well it holding better than RR
Sorry Steve I got the time from a Kitco article.
Gold price rising. after 20 mins up 7.
Stiill have not hesrd the speech ,but so far hoping.
:-)
Looks like 15:00 as I originally thought- so go and make another cuppa lol
Thanks :-)
Powels "speech" is at 1400 GMT.
Reminder for those interested in potential short term movements...
Hi Mr Gnome,
Its older powerful world leaders like Putin, Trump and the big multinational energy companies who ought to have more sense, but instead refuse to accept the substantiated scientific evidence being gathered and presented on a continuous basis that they need to change the way they do things now, but instead continue to poison our planet!
New data from the World Bank reveals that worldwide gas flaring rose marginally to 143 billion cubic metres (bcm) last year. That equates to roughly 93% of Europe’s gas purchases from Russia. Another way to look at it is that those 143bcm could have generated some 1,800 terawatt-hours (TWh) of electricity, almost two-thirds of the EU’s net domestic power generation, according to the World Bank.
If you add in the flaring of petroleum liquids and the venting and leaking of methane from oil and gas infrastructure, the amount of primary energy wasted by the oil industry comes to a staggering 264bcm of gas-equivalent – roughly 1.7 times Europe’s total Russian gas imports in 2021, or 7% of the entire world’s natural gas consumption.
https://www.energymonitor.ai/tech/decarbonising-gas/opinion-the-insanity-of-flaring-during-a-global-gas-crisis
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Monday 29 August 2022
Equities in Europe traded higher in the premarket on Friday in anticipation of the newest update on consumer confidence in Germany. Traders will also be focusing on the 2022 Economic Policy Symposium in Jackson Hole, Wyoming, where United States Federal Reserve Chair Jerome Powell is scheduled to give a speech later in the day.
The DAX traded 0.37% higher at 7:05 am CET. At the same time, the FTSE 100 gained 0.29%. Meanwhile, the CAC 40 rose by 0.32%.
The euro lost 0.12% to the dollar at 7:25 am CET to sell for $0.99619. A minute later, the pound sterling went down by 0.22% to change hands for $1.18057.
Baha Breaking News (BBN) / JR
Happy Friday y’al
Enjoy your weekend!
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Hi Cowichan,
Mt Cranfield is just being honest and 'Not beating about the bush!!"
There needs to be more of this!
Sorry spell check error below should "before the damage greed and selfishness of past generations have caused to our planet is irreversible!"
Hi Mr Gnome,
Unfortunately the problem remains that not enough is being done soon enough and as Sir David Attenborough rightly states time is fast running before the damage greed and selfishness of past aberrations have caused to our planet is irreversible!
“They have spent $780 million of shareholder money and didn’t do adequate due diligence. That is just mind-bogglingly reckless in my opinion,” Mr Cranfield told The Australian Financial Review.
“I think there needs to be complete change on the board.”
Mr Cranfield said he had no confidence in the St Barbara board’s ability to handle mergers and acquisitions after the $780 million acquisition of Atlantic Gold in 2019, which was partly funded by a bungled equity raising and was impaired by $248 million within two years of purchase.
https://www.afr.com/companies/mining/st-barbara-investors-demand-board-overhaul-before-m-and-a-20220819-p5bb9d
--------------------------->>>>
Maybe it's something in the water Down Under, but Aussies seem to freely speak their minds - very refreshing !
Wonder if he's any relation to our very own goldgnome... ;-)
Take Barrick:
Barrick's exploration department, still led by long-time industry veteran Rob Krcmarov, executive vice president for exploration and growth, can claim credit for just over 10%, or 3.9 Moz, of the company's reserves growth during the 2012-21 period. With gold exploration budgets totaling $2.09 billion, the average unit cost of gold in exploration-defined reserves was an expensive $549.27/oz.
Whereas during the 2012-21 period, Barrick replaced 26.4 million ounces of gold reserves, entirely from M&A.
https://www.spglobal.com/marketintelligence/en/news-insights/research/gold-reserves-replacement-strategies-2022-savvy-deal-making-fuels-barrick-s-comeback
The same can be said of Endeavour - which said they would organically discover an extra 10 million ounces in 5 years but in reality they bought all their new ounces in the last several years thru M&A in West Africa
The one bright spot for new gold discoveries *could* be Egypt - we'll see
Thanks Sotolo
It might be worth your while to have a deep dive into media ownership.
I exercise my right to chase informed opinions. If its science I need to be informed on I go the scientists most informed and credentitalled in that area. Such is the luxury we have today with the internet. We dont have to put up with an opinion piece from someone who is fed and/or orchestrated by some forces hide. One does have to their homework a bit more rather open the tabloid to page 3. BUt I assure you, it is worth it, as it is so easy to go drivelling down the wrong road.
The drivel and verbal diarreah that is daily emergent is deafening, but on the other hand there are some excellent things being done in the world, and many good people ... they just get buried by BS, as they are too normal, too polite, not titillating (etc)
the gnome
Give us something to talk about.-
A very bored BB .
Until December-
I personally find, getting harder to read.
Spoonington- I hope for reverse eg a dovish fed or at worse a less hawkish one- markets today seem to be pointing to this, but who the heck knows, tomorrow may provide more temporary clarity. I would wish you luck but want the opposite to you- all's fair in love and war and markets lol
Oops sorry Sotolo for mis-spell of your name - this site needs a post editor :-).
Sotol, when people criticise the media (and am speaking for myself and others I know), it's the "no choice media" eg BBC, ITV, FREEVIEW etc which you have to have by paying the mandatory license fee if you are a UK citizen. Without doubt they over hype, it's in their interests to keep people watching, so they get paid. The root out small stories and sensationalise- my mother at 82 was terrified by COVID, simply terrified by watching this mainstream media. I went to see her today and all she went on about was "lawless Britain"- the headline after that awful girl killing yesterday- the small print I found was that we are at the lowest point for 20years for gun dis-charges, and yet from the headlines, you'd had thought there was anarchy on the streets... 2 * 40degrees days and a few field fires and it was Britain is burning, climate change etc etc and again small print found these fires were started nit by the sun. It's like the hyperbole has gone bonkers....
Gold Gnome. The media contains all sorts of opinions, try the Spectator v New Statesman, the Guardian v the Telegraph or TV docs like Martin Durkin's documentary series Against Nature, “which attacked the environmental movement as being a threat to personal freedom and for crippling economic development” and lambasted climate change. I think he is wrong but defend to the hilt his right to say it and broadcaster to put on those of different opinions just as I love different opinions here, I only take exception to those who **** the other view off, or **** off a single entity “the Media” informed by Steve Bannon and Dominic Cummings, the seemingly successfulespouses of partial propaganda. I am so please d to live in a country of varying views in the press, those who falsely criticise it as one behemoth are only hastening the day that is just what they get imho
Guess we'll see what he says tomorrow...