Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Obviously no fear of a straight answer then?
Kicking the can down the road and hoping things may turn out alright?
Doesn't exactly inspire any confidence in their monetary policy!
I wonder if our Boris Johnson has been giving them lessons on how to waffle?
Looks again Jerome Powell’s faster asset tapering remark is bunter just like inflation is transitory/temporary. Infact they might slow it down or halt. Gold can have a massive rally
Federal Reserve Chairman Jerome Powell said on Tuesday that the United States central bank will consider acting more quickly to dial back its ultra-low interest rate policies to counter higher inflation, which Powell acknowledged will likely persist well into next year.
The Fed is currently reducing its monthly bond purchases, which are intended to lower longer-term borrowing costs, at a pace that would end those purchases in June. But Powell made clear that Fed officials will discuss paring those purchases more quickly when it next meets in mid-December.
“The risk of higher inflation has increased,” Mr. Powell, who was tapped for a second four-year term by President Biden last week, said to the Senate Banking Committee. He appeared alongside Treasury Secretary Janet Yellen for the first of two days of testimony on Capitol Hill.
The Fed is heading into a difficult environment because the virus threatens to pull the central bank in different directions by putting its goals of low and stable inflation and a tight labor market into greater conflict.
Inflation has surged this year—to 5% in October from a year earlier, according to the Fed’s preferred gauge—amid strong demand for goods and services that have faced supply-chain bottlenecks associated with reopening the economy from the pandemic.
The latest variant of the coronavirus, like the Delta variant that led to a slowdown in growth during the third quarter, raises the risks of more continuous economic disruptions that fuel higher inflation.
The Australian economy contracted just 1.9 per cent in the third quarter despite both NSW and Victoria being forced into lockdown for most of the period. Economists had PREDICTED a contraction of 2.7 per cent. tHERE WOULD BE QUITE A FEW ON THE STREETS IN VICTORIA AND NSW WHO WOULD DISAGREE....
Australian shares plunged to their lowest level in nearly two months on Wednesday, beginning the final month of the year on the back foot, as a hawkish Fed and renewed fears over the omicron variant spooked investors..
“With potential changes in policy on the horizon, market participants should expect additional market volatility in this uncharted territory.”
UNCHARTERED TERRITORY!!! THIS MEANS WE HAVE TO RELY ON THE PREDICTIONS OF EXPERTS!? AND YU KNOW HOW RELIABLE THEY ARE!
Not sure how I will be able to sleep at night, but then there is always gold, but ti is not performing...unchartered waters, will cut back to investing in real assets...the GOLD medal ...
the gnome ...
Phew- as expected
Equities in Europe traded higher in the premarket on Wednesday ahead of the release of several economic updates during the day. Germany, the Eurozone, and the United Kingdom will all reveal their latest results in manufacturing. Britain will also reveal its newest nationwide housing prices. Additionally, Germany will unveil its performance in retail sales.
Earlier, the UK stated it plans to offer all adults the booster dose of vaccines against COVID-19 by the end of January. Meanwhile, the United States White House labeled the newly found variant of the virus, Omicron, a cause of concern but not panic.
The DAX gained 1.25% at 7:36 am CET. At the same time, the FTSE 100 advanced by 1.12%. The CAC 40 expanded by 1.34%.
The euro lost 0.06% to the dollar to sell for $1.13352 at 7:37 am CET. On the other hand, the pound sterling went up by 0.20% against the greenback to go for $1.33280.
Breaking the News / JR
Happy hump y’al
It seems to me that the profits for Centamin follow the formula of gold price plus or minus management competence , with a helping of luck thrown in . It also seems that the more competent the management team are , the luckier they get. .
On a more serious note and with regard to the Cey share price , I am looking for a noticeable shift in momentum , where the share price rises despite a fall in the price of gold ..of late is has happened on a few occasions but it corrects itself back again within a few days .
The fall in the gold price earlier today by the way , occurred after the markets closed in London .
Well , strange you should say that because I happen to be an amateur weather forecast enthusiast .( I had to give up being an amateur gynaecology enthusiast after some unfortunate lawsuits ).
I am a country specialist though with my focus being Saudi Arabia and the Arctic
My forecast for Saudi tomorrow is that it will be hot dry and sunny , with temperatures averaging around 27 - 30 degrees
My forecast for the Arctic is that it will be cold and icy with temperature around minus 25 degrees.
Forecasting for the UK is simple...it's either going to rain or it has been raining. If it is neither of these then that must mean that it currently is raining...
I could make a living out of this ..
Gould night, excuse .
Nothing new there goldgnome as you should know.
Bandits, invaders from the North, ineffective poorly paid military.
Corruption.
No need to say more than no rapid cure.
But good too hear from you.
Goonight.
Sadly it appears Burkina Faso is sinking into another upheaval. The upheavals do not effect Mining activities (generally), and it is the "accepted" way of changing an unsatisfactory government, in this case, that cannot protect its citizens.
https://www.voanews.com/a/protesters-angry-at-insecurity-call-for-burkina-faso-s-president-to-resign/6332258.html
The trial of the previous President (Compaore) limps on trying to find justice for the family of Thomas Sankara, who died of "natural causes" in a hail of bullets in 1987...who benefitted from his death..Compaore became President, Diendere became the right-hand man to Compaore,
https://www.france24.com/en/africa/20211109-key-defendant-in-burkina-faso-s-sankara-assassination-trial-pleads-not-guilty
...and ....who violently disliked his socialistic leanings...
https://www.passblue.com/2021/10/25/a-righteous-act-trying-the-thomas-sankara-murder-case-in-burkina-faso/
International Justice is a great idea, practise is appalling
Waiting to hear from Centamin what their plans are in Burkina Faso. Loud and clear Martin.
best
the gnome
Federal Reserve chairman Jerome Powell said it’s appropriate to consider finishing the US central bank’s tapering of asset purchases a few months earlier than previously PREDICTED, with inflation proving more persistent than PREDICTED.
HMMM...
https://twitter.com/barrickgold/status/1465714743147122689?s=21
That’s why I posted when Jerome started to speak…
And gold now dropping
In the title…
This and POLY seem to be catching a bid, perhaps some anticipation of a Gold rise
Poly up 3.6%
The social and economic contribution of gold mining
https://www.gold.org/about-gold/gold-supply/responsible-gold/the-social-and-economic-contribution-of-gold-mining
Quite so Candid a 50% chance of either!
So many traders/investors never seem to consider if the majority of analysts, brokers and other market experts were so good shouldn't they have followed their own advice become very rich and sailed off into the sunset?
Of course the same can be said about so many other professions and walks of life!
What about the climate forcast? Be considered in your answer!?
Yes ,. Lots of forecasts concerning major world events ..completely wrong ! I wouldn't trust the so called experts with the weather forecast
Yes Spoonington...I do like their longer term forecasts for the price of Gold ...let's hope they are wrong to the downside though !
Prices of gold and silver rose on Tuesday as traders turned to safe-haven assets amid rising worries prompted by the coronavirus' Omicron strain.
While the developer of the Sputnik V shot forecasted that the data on the jab's efficacy against the new variant can be expected in three weeks, Moderna CEO warned that the protection the existing vaccines provide against the virus will be reduced by Omicron.
The price of gold jumped 0.74% at 4:38 am ET to sell for $1,796.85 per ounce. At the same time, silver gained 0.23% and went for $22.91 per ounce. Platinum and palladium, not seen as a hedge against market uncertainty, both plunged 1.89% a minute later, selling for $948.65 and $1,756.24 per ounce.
Breaking the News / BU
and the new predictions
2020...World Bank forecasts, the global economy will shrink by 5.2% this year.1 That would represent the deepest recession since the Second World War, with the largest fraction of economies experiencing declines in per capita output since 1870, the World Bank says in its June 2020 Global Economic Prospects.
According to the International Monetary Fund’s (IMF) latest estimates, Italian GDP is expected to top the $2 trillion level,
Estimates from the IMF’s October 2020 World Economic Outlook show that the G7 public debt is projected to increase by around $4 trillion in 2021, which is significantly lower than the $7 trillion increase recorded last year.
PWC. Finally, we expect investor appetite for Environmental, Social and Governance (ESG) funds to continue to increase. Specifically, in an optimistic scenario we think that up to 57% of total European mutual fund assets could be held in funds that consider ESG by 2025
The US dollar is expected to weaken in 2021 in a lagged response to the Fed's sharp pivot to monetary accommodation in early 2020, an increase in investor risk tolerance, and a widening trade deficit.
we think that France will follow up its success in the 2018 World Cup to take the Henri Delaunay Trophy home. Allez Les Bleus!
tally ho...
There is so much rivalry for the worst ever prediction
Irving Fisher, one of America’s greatest ever economists, said in October 1929 that he believed equities had reached a ‘permanently high plateau.’ Less than two weeks later, stocks plunged and didn’t reach the highs they fell from for 25 years.
‘Japan As Number One’ was released by Harvard social scientist Ezra Vogel back in 1979. It was not an unpopular view at the time that the United States economy would soon be surpassed by prosperous Japan
In December 2007, Goldman Sachs chief investment strategist Abby Joseph Cohen made a Fisher-like prediction of her own. She suggested the S&P 500 would hit 1,675 by the end of 2008, a climb of 14% — it actually ended below 900
Paul Samuelson, the first American to win the Nobel Prize in economics, said in 1961 that ‘the Soviet economy is proof that, contrary to what many sceptics had earlier believed, a socialist command economy can function and even thrive.'
In 2010, billionaire entrepreneur Richard Branson issued a warning that ‘the next five years will see us face another crunch — the oil crunch,’ predicting a severe supply shortage. Five years later, the price of oil was actually lower than it was then.
Former Fed chair Alan Greenspan warned in his 2007 book ‘The Age of Turbulence’ that the world might need double digit interest rates to control inflation in the near future. Rates have been near zero for the vast majority of the time since.
Joan Robinson, one of the 20th century’s most prominent Keynesian economists, visited the Koreas in 1964 and said ‘as the North continues to develop and the South to degenerate, soon or later the curtain of lies must surely begin to tear.Today, ... North Korea’s economy is an example of repressed backwardness
Joseph Cassano, who ran insurer AIG’s financial products division, had his own financial crisis howler. In August 2007, Cassano said he couldn’t see AIG ‘losing one dollar in any of those (credit derivative) transactions.’ AIG was bailed out in 2008.
Professor Ravi Batra wrote a book called ‘The Great Depression of 1990,’ predicting global turmoil. It was a New York Times number one bestseller in 1987, and Milton Friedman said he wouldn’t ‘touch (the book) with a ten foot pole. 1990 is more generally remembered as one of the beginning years of an extended global boom period
Former National Association of Realtors chief economist David Lereah published a book called ‘Why the Real Estate Boom Will Not Bust — And How You Can Profit from It’ early in 2006. It has not aged well.
Schiff foretold that Quantitative Easing (the unconventional monetary policy undertaken by the Fed between 2008 and 2014) would result in hyperinflation and the eventual destruction of the Dollar. Unfortunately for Schiff, the average inflation rate per year since the onset of QE has been 1.68%, slightly below the 2% target of the Fed. BUt bow he is on the money!?
good for a late night read, why pay