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Gnome, I think as usual it is a game of brinksmanship, and it required the Americans to scare their allies sufficiently to make a threat of sanctions seem real enough, the media is just reporting this, including the massing of Russian troops on the borders which was very real, even if maybe their brinksmanship, our requests for US/U.K. et cetera citizens to leave; if the US brinksmanship works we should all be relieved, also on the Russian side we have no idea of whether they were just trying to put on pressure, wanting to invade or even will. However their threat is definitely very real as shown in the Crimea. The fourth estate is a pillar of democracy the success of the of the Alt-right in trying to undermine it is shown sadly in posts like yours, even though the press are not perfect and with the reduced money do not challenge government sufficiently. I have found a still well funded paper like teh FT illuminating through this crises. On a closer note I think gold is rising not just because of this, which is to my mind just a catalyst to finally get it to start catching up with inflation.
opportunity here?
Another All-Time Media Faceplant !!?
After the Biden administration and the press wrongly predicted a Russian invasion of Ukraine on February 16th, they kept compounding the error in spectacular fashion..and why not...havent they anything better to do?
“It was a joke, you idiots.”
If cluelessness, can be art? or fart??, American journalists unveiled their Sistine Chapel this week, in a remarkable collection of misreports and hack stenography surrounding a predicted invasion of Ukraine.
The mess began last Friday, February 11th, when National Security Adviser Jake Sullivan gave an address warning American citizens to evacuate Ukraine. “If a Russian attack on Ukraine proceeds, it is likely to begin with aerial bombing and missile attacks that could obviously kill civilians without regard to their nationality,” he said. “I will not comment on the details of our intelligence information,” he added, before doing just that: “I do want to be clear: It could begin during the Olympics,” i.e. before the Beijing games end on February 20th.
Sigh. apprehension...
The stupidity and the mess (by design) is horendous.
good night
god bless gold andthe inherent stability in a sea of extreme turbulence, extraordinary contrived stupidity and profound strength...
the gnome
Who would you believe, when and why, especially when the clowns are in town ...
Russia is continuing its military buildup around Ukraine, Western officials said, even as Moscow announced it had begun drawing down some troops and released footage of tanks and armored personnel carriers departing Crimea.
On Wednesday, the day some U.S. intelligence officials had said a Russian invasion was likely to occur, Ukrainians rallied across the country in a display of solidarity and defiance in morning ceremonies. A cyberattack rattled the country the previous day, targeting the Ministry of Defense and two of the biggest banks, temporarily disrupting payments and showing zero balances on accounts.
And the lunatics attacked the cleptocracy and the thieves robbed the robbers. ...
Hard to capture the stupidity which is professed as leadership by the learned? lunatics
best
then gnome
Unfortunately Goldgnome, it was ever thus!
The common denominator is us, humans. This is why I have always been against nuclear and all disarmament- it only takes one bad human to rise to power and we'd all be doomed- but that's just my view as a human.
We spend billions killing off any virus that could threaten us- and yet it's just nature trying to cull the biggest threat to the planet, humans...
Our survival instinct is no different to any other organisms and our desire for humans to force their view and will on others has always existed and always will.
Anyway, back to the markets- at least the FED minutes didn't hold any nasty surprises... hopefully Ukraine will abate- there is zero common sense in the action here, but when we will always have leaders that won't feel the impact of what they do, who knows... the most dangerous are those who just want to leave a mark and create history, whatever that is...
Said it before but first thing I look at - much appreciated
Equities in Europe traded lower in the premarket on Thursday following the report the United States does not believe Russia is withdrawing some of its troops from the border with Ukraine. The White House previously said the Eurasian country could still invade its neighbor despite making opposite claims earlier. When it comes to the economy, traders are now waiting for the latest bulletin the European Central Bank (ECB) will publish later in the day.
The DAX traded 0.52% lower at 8:00 am CET. At the same time, the FTSE 100 declined by 0.40%. The CAC 40 dropped by 0.27%.
The euro lost 0.17% at 8:01 am CET to sell for $1.13621, respectively. At the same time, the pound sterling stood flat against the greenback to go for $1.35898.
Baha Breaking the News (BBN) / JR
It has forever been an issue as to whether to have a large standinng army or not. If you do, then how do you justify the massive costs. If you don't, then you will lose the war (of course)?
Wars with guns and bombs are one way of fighting. Then you can have smart bombs, which still kill civilians. And you can be smarter in not letting the media count the dead civilians
Ukraine’s Ministry of Defense and Armed Forces websites and online services of two state-owned banks were disrupted by likely denial-of-service attacks on Tuesday, government and bank officials said. Then there are other ways of fightng these days
Forex,
Hacks,
embargoes
etc
Security experts say it's too early to attribute the latest hacking incidents to a particular actor. U.S. officials offered support to counterparts in Ukraine, for the investigation and response... as you would expect.
Digital disruptions in the banking sector could be especially damaging if they jump over Ukraine's borders (any border?) to affect financial firms elsewhere. Some U.S. banks have been running through contingency plans to prepare for Russia-linked incidents.
and so the circus goes on, and lets hope its more entertaining than a relaity ...
sad world, so stupid
the gnome
The more take-over talks are denied, the greater the likelihood....
Not everyone, Don .
In an interview on Wednesday, Mark Bristow was asked about the wave of mergers and acquisitions in the industry over the last few months.
“Everyone thought we were going to do something stupid in the last quarter – we didn’t do that,” said Bristow.
“We’re very focused on a disciplined approach to any M&A – we’re not shy on doing deals that create value for our stakeholders, but we are guided very clearly by our investment focus and we are disciplined in that manner.”
video
https://www.bnnbloomberg.ca/barrick-ceo-calls-recent-takeover-wave-over-the-top-1.1724360
-------------------------->>>
Which company was the 'stupid thing' everybody thought Barrick would buy last quarter?
Prices of precious metals increased on Wednesday after the United States, NATO, the European Union and Ukraine said that they found no evidence of the Russian military withdrawing from its border with Ukraine. The reports seemed to have turned investors' attention back toward safe-haven assets, such as gold.
Gold advanced 0.84% to go for $1,868.79 per ounce at 1:08 pm ET. Silver rose by 0.75% to $23.57 per ounce a minute later.
Palladium increased by 1.56% to $2,238.75 per ounce at 1:10 pm ET. Platinum was 3.77% higher, changing hands for $1,065.78 concurrently.
Baha Breaking the News (BBN) / MS
Live gold price at 7:12 pm $1872.01 +1.00 %
The BIS international consultation about banks and climate change.
16th FEB 2022
Dear Members of the BIS Basel Committee,
Its time that the politicians and the big banks admitted their policies and day to day business practices in their relentless pursuance of profit and ever increasing wealth for the privileged minority are responsible for the day to day hardships of the majority and the terrible environmental state of our planet.
The majority of the worlds politicians with the real power and those big banks controlling the monetary supply and stock markets have been in denial for far too long and the can they have been kicking is at the end of the road on the edge of the abyss of no return!
Time for bankers and politicians to stop paying lip service to changes some time in the future, that's too late, if they seriously want to save our planet and make life better and fairer for everyone they need to make the necessary changes now!
Please make my comments public.
Thank you,
Your Sincerely
(My contact details were supplied to the BIS Basel committee)
https://www.bis.org/bcbs/commentupload.htm?cdpath=/bcbs/publ/d530.htm
Is the obsession with GDP killing the climate?
https://www.bbc.co.uk/sounds/play/w3ct2drv
Gas Flares around the world are emitting toxic gasses that damage the climate and human health.
What will it take to end this practice?
https://www.bbc.co.uk/programmes/w3ct2dr4
Be a while before you even got 5% in a bank account :-)
Mr Tibbles it 2 weeks for me to get off Facebook and was very complicated, had to follow instruction ,a long list on the Internet by a journalist many years ago.
Wouldnt touch those sites with a bargepole now.
Don’t think a dividend cut is on the cards.
A 5 cents dividend will be paid in my opinion.
The current dividend is more like 5%, not 12%. If you are in this for divs you will be disappointed this year, far better options elsewhere
I doubt they will be able to keep the same div as last year, so a div cut or complete removal will most likely take this back to 80p.
So just how much information are these sites gathering about users?
Dark patterns
The Documentary
Trying to cancel some online accounts can be a maze of searches and false hopes, multiple clicks through a puzzle of seemingly unrelated destinations.
This is what has become known as a 'dark pattern'; complex web design that makes it hard for you to do something the website does not want you to do, and employs behavioral psychology to make you do things it does want you to do. It is just one of the techniques used to make us click, buy or subscribe.
https://www.bbc.co.uk/programmes/w3ct3hgn
https://twitter.com/centaminplc/status/1493888080692011008?s=12
I know that im preaching to the choir here but at at this price centamin is paying a 12% dividend.
Further downside is minimal but there's so many good news irons in the fire that could surface without warning catapulting the sp up to who knows where.
Just off shopping to the supermarket now looking for something overpriced to buy ; )
Thanks Mr T.
I think the pandemic has provided a great opportunity to re-assess a lot of aspects of finance, economics, politcs and the role of heath professionals.
https://sites.krieger.jhu.edu/iae/files/2022/01/A-Literature-Review-and-Meta-Analysis-of-the-Effects-of-Lockdowns-on-COVID-19-Mortality.pdf
One of the conclusions has caused great concern in Australia
“Studies looking at specific NPIs (lockdown vs. no lockdown, facemasks, closing non-essential businesses, border closures, school closures, and limiting gatherings) also find no broad-based evidence of noticeable effects on COVID-19 mortality. However, closing non-essential businesses seems to have had some effect (reducing COVID-19 mortality by 10.6%), which is likely to be related to the CLOSURE OF BARS (!!!).”
The city of Melbourne is considering a class action about their being locked in for 264 days
"Overall, our meta-analysis fails to confirm that lockdowns have had a large, significant effect on
mortality rates. Studies examining the relationship between lockdown strictness (based on the
OxCGRT stringency index) find that the average lockdown in Europe and the United States only
reduced COVID-19 mortality by 0.2% compared to a COVID-19 policy based solely on
recommendations. Shelter-in-place orders (SIPOs) were also ineffective. They only reduced
COVID-19 mortality by 2.9%"
Some wasted opportunities?
Lets not lose the opportunity. Lots to change
the gnome
Major indexes in Europe traded mixed in the premarket on Wednesday, with the Ukraine crisis in focus after Russia completed its military exercises with Belarus yesterday, and Western leaders continued to comment on the situation. Before the open, investors will be awaiting UK inflation and producer prices data.
The DAX gained 0.20% at 8:10 am CET, while the CAC 40 added 0.36%, and the FTSE 100 declined 0.09%.
The euro improved by 0.08% against the dollar at 8:09 am CET, selling for $1.13670. In comparison, the pound grew by 0.15% to go for $1.35567 a minute later.
Baha Breaking the News (BBN) / JGA
‘2022 output hike’ Cey’s next known catalyst for a rise in the share price, but are there any unknown positive surprises imminent?
In his negotiations with the Egyptian government on new mining regulations, will Martin Horgan slip a deal on the now ageing court case saga into the mix?
Happy hump y’al
Reimagining money, banks and our economy for the well being of people, communities and our planet
The campaign for a money and banking system that enables a fair, sustainable and democratic economy.
https://positivemoney.org/
As the coronavirus pandemic recedes in the advanced economies, their central banks increasingly resemble the proverbial ass who, equally hungry and thirsty, succumbs to both hunger and thirst because it could not choose between hay and water. Torn between inflationary jitters and fear of deflation, policymakers are taking a potentially costly wait-and-see approach. Only a progressive rethink of their tools and aims can help them play a socially useful post-pandemic role.
Instead of ending QE, the money it produces should be diverted away from commercial banks and their corporate clients (which have spent most of the money on share buybacks). This money should fund a basic income and the green transition (via public investment banks like the World Bank and the European Investment Bank). And this form of QE will not prove inflationary if the basic income of the upper middle class and above is taxed more heavily, and if green investment begins to produce the green energy and goods that humanity needs. Central banks are not constrained to choose between paralysis and contraction. A progressive monetary policy would lift interest rates while investing the fruit of the money tree in climate action and reducing inequality. If it helps to sell the policy, call it “sustainable monetary tightening.”
https://www.project-syndicate.org/commentary/progressive-recipe-for-monetary-policy-tightening-by-yanis-varoufakis-2021-10?barrier=accesspaylog