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If you think gold looks so weak, can I suggest looking at the below link, not long won't hurt
https://www.youtube.com/watch?v=rFURta4KqY0
division in the land of the free is at an all time high, the mighty USD, built on ... BS?
Just when they need a leader there are obvious questions.
https://www.youtube.com/watch?v=rFURta4KqY0
https://www.youtube.com/watch?v=toMcQVfLCyQ
Sad really, reminds me of the fable about the emperor's new clothes
https://www.youtube.com/watch?v=7Ym0u-KweN4
the gnome
In VERY SIMPLE terms :-) Tell me how good those drilling results were last week and how long before we start to see something for them.
Mr T -----Ive managed to blanche some courgettes, peas and turnips out of the garden and frozen some garlic as well. I've planted out some chives for the purple flowers for the bees and am thinking of getting some more poppy seeds down there as well. We have to keep the bees happy.
says the person who buys UKOG dog shares... erm.. LOL
This should bottom around 60-65p. Gold looks so weak in the short term. All those clown experts on youtube were wrong again lol
Major stock indexes in Europe traded higher in premarket on Friday, after closing in the red yesterday, as concerns over future aggressive rate hikes are seemingly simmering down.
On the data front, the investors will be keeping an eye on the Eurozone trade balance report, scheduled to be released later during the day.
DAX rose 0.89% at 7:08 am CET, while CAC 40 increased 0.82% at the same time. FTSE 100 added 0.71% at 7:08 am CET.
The euro traded 0.09% higher against the dollar, selling for 1.00285 at 7:15 am CET, while the pound was flat against the greenback, to sell for 1.18287 at the same time.
Baha Breaking News (BBN) / AY
Happy Friday y’al,
Enjoy your weekend!
And now for something very off topic... or very on topic?
Something odd is happening to Earth’s magnetic field. Over the last 200 years, it’s been slowly weakening and shifting its magnetic north pole (where a compass points, not to be confused with the geographic north pole) from the Canadian Arctic toward Siberia (its not Putins fault?). In recent decades, however, that slow shift south has quickened — reaching speeds upwards of 30 miles per year (48 kilometers per year !). Could we be on the brink of a geomagnetic reversal, in which the magnetic north and south poles swap places?
The world experienced a few centuries of apocalyptic conditions 42,000 years ago, triggered by a reversal of the Earth’s magnetic poles combined with changes in the Sun’s behaviour. That’s the key finding of our new multidisciplinary study, published in Science.
This last major geomagnetic reversal triggered a series of dramatic events that have far-reaching consequences for our planet. They read like the plot of a horror movie: the ozone layer was destroyed, electrical storms raged across the tropics, solar winds generated spectacular light shows (auroras), Arctic air poured across North America, ice sheets and glaciers surged and weather patterns shifted violently.
During these events, life on earth was exposed to intense ultraviolet light, Neanderthals and giant animals known as megafauna went extinct, while modern humans sought protection in caves.
https://theconversation.com/earths-magnetic-field-broke-down-42-000-years-ago-and-caused-massive-sudden-climate-change-155580
It's been 780,000 years since this happened — and some scientists say that Earth's magnetic poles are long overdue for a switch.
We use artificial satellites for navigation, television broadcasting, weather forecasting, environmental monitoring and communication of all kinds. Without the protection of a magnetic field, these satellites could be seriously disrupted by solar wind or cosmic rays colliding with electronic circuits. A weak magnetic field in the South Atlantic Ocean, known as the “South Atlantic Anomaly,” already adversely affects satellites and could be an indication of what is to come. Certainly some fo the animals who use magnetic fields to navigate will have to adjust
best
the gnome
John Bolton, a former United States ambassador to the United Nations and ex-White House national security adviser, has admitted in an interview he had helped plan coups in foreign countries.
Speaking to CNN anchor Jake Tapper, however, Bolton suggested Trump was not competent enough to pull off a “carefully planned coup d’etat”, later adding: “As somebody who has helped plan coups d’etat – not here but, you know, [in] other places – it takes a lot of work. And that’s not what he [Trump] did.”
Tapper asked Bolton which attempts he was referring to.
“I’m not going to get into the specifics,” Bolton said, before mentioning Venezuela. “It turned out not to be successful. Not that we had all that much to do with it but I saw what it took for an opposition to try and overturn an illegally elected president and they failed,” he said.
In 2019, Bolton as NSA publicly supported Venezuelan opposition leader Juan Guaido’s call for the military to back his effort to remove socialist President Nicolas Maduro, arguing that Maduro’s re-election was illegitimate. Ultimately Maduro remained in power.
“I feel like there’s other stuff you’re not telling me [beyond Venezuela],” the CNN anchor said, prompting a reply from Bolton: “I’m sure there is.”
I'm sure there is as well
the gnome
After all these years and the high of £2.00 you still torture yourself by owning this stock, myself got out at £1.85 years ago, but maybe you day trade who knows good luck anyway still enjoy your posts .
Federal Reserve Governor Christopher Waller, who argued that markets may have gotten ahead of themselves by pricing a 100 basis points rate hike in July.
S and p and gold recovering in the usa- let's hope this momentum holds until close and we could see a jump at the opening tomorrow
Agree mr T- here's hoping next week is the beginning :-)
It's all about the timing and lots of good luck but goldies will recover especially ones with great resources and low borrowings like centamin.
hi Halfpenny,
Huge disconnect in the PM markets will covered in the LFTV episode recorded yesterday which is published tomorrow.
Hi Steve and other members,
after years of Pardey and El Raghy spin Centamin is buggered until Martin Horgan new strategy starts delivers some credible results rather than just promises!
Lets hope it won't be too much longer !
US dollar gaining strength whilst the POG is getting hammered, nobody seems to care that the dollar is held up paper trading and spin?
Also "Brave" is a lightweight and secure web browser that also includes a crypto wallet!
https://brave.com/
Miner's have been shocking for obvious reasons in hindsight- i trade/hold a few and all red today where's all cryptos green today
PM's precious metals not miner's, potato potatoo tomato tomatoo let's call the whole thing off lol
It's been a poor time for most things recently, since the summer of 2020 here and past 12months in most places overall- need a monthly usa data point figure next time showing inflation tipping out, then another without increase or a drop- else continues to struggle - RNS q2 next week will move thing too here, either way...
That's why I said crypto and not BTC . Although now you mentioned BTC which is down ~1.75% where's cey is down ~4.35%
Bitcoin down more than gold so far SJ
Buy order for sub .75 always an opportunity if you believe the rhetoric from the company?
Relentless dollar battering PMs
Crypto holding up better than PMs
Huh?
Why was I knocking Germany, I only said gas prices in Europe have sky-rocketed & maybe intimated that Europe brought this upon themselves by starting the Ukraine war & then imposing unfair sanctions on Russia (where were the sanctions on the US for its totally unreasonable invasion of Iraq - got to love the rules based system).
Where did I pick on Germany?
Thanks very much for your email and sharing the email you’ve sent to Parliamentarians about gas flaring.
We provided advice to the UK Government on reducing methane emissions from venting, flaring and leakage in oil and gas production as part of our Sixth Carbon Budget advice on setting the limit to emissions for the mid-2030s.
Please see our Fuel Supply chapter for further information on what we’ve said: https://www.theccc.org.uk/wp-content/uploads/2020/12/Sector-summary-Fuel-supply.pdf
https://www.theccc.org.uk/
The Independent
Voices: Russia is about to play its most dangerous cards – and the west is not ready
Sunny Hundal Thu, 14 July 2022, 11:04 am
A few weeks ago, the US bank JP Morgan offered an apocalyptic warning that barely made a ripple outside the financial press. It said that if Russia completely halted oil exports, the shock to the world economy could be so large it would instantly quadruple the price of oil to nearly $400 a barrel. Right now, it’s hovering at around $100 a barrel.
Since the world is still heavily reliant on oil, the shock to the world economy would be far worse than during the 1970s, and plunge us into a deep recession.
https://uk.yahoo.com/news/voices-russia-play-most-dangerous-100441130.html