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* Explains Wednesday’s surprise price increase.
(Not that others haven’t said the same just that this article further confirms.)
Happy Saturday y’al
https://citywire.com/funds-insider/news/ftse-miners-up-on-china-stimulus-chrysalis-soars-15-as-klarna-signals-ipo/a2434682
The article in forbes also states ,coinage is not able for grabbing as it is legal tender. Bullion ie gold bars are.
Massive disparity between gold held by Western central banks compared to Chinese & Russian central banks
https://www.youtube.com/watch?v=61WwPCSYt18
Governments change laws from time to time, and yes it's possible that under the right circumstances some governments might try to confiscate their citizens' gold. But it is important to realize that the motivation for confiscating gold which existed for FDR in 1933 has largely disappeared.
Back then the U.S. was still on the gold standard (the U.K. had been forced off 18 months earlier). So seizing private gold and then devaluing the currency was in fact a 1930s version of quantitative easing.
Saving our banks from their stupidity still means swelling the money supply, and hurting cautious savers by devaluing their wealth.
https://www.forbes.com/sites/greatspeculations/2013/04/05/governments-still-heavy-handed-80-years-after-fdrs-gold-confiscation/
Are they getting closer to confiscatiuon,ha ha.
Https://www.usagold.com/daily-gold-market-report/
I guess a few Americans will be burying their stuff in some other place.
Most politicians, are from weathy families with private education.
But like years ago when familys had a had a child, that was a little stupid they were sent to the church !
Now they become politicians.
Like Dasut just said they know nothing about business. Just employ others for that.
Problem with politicians is that they know nothing about how a business should be run and therefore regardless of professionals any decisions will need to go to debate and a committee will then need to be formed and best of luck if a decision is made.
Well it is a Friday so it's the norm for the share price to drop back !
Lots of CFD traders closing their positions to avoid any Monday open gap down!
Never mind back again next week although this share price won't really do much until after the March update.
All the best Steve,
Gold options not going all that great. I think your decision is wise. Tony
Good to see all of the old wounds resurfacing int the US, in the runup to the elections. Corruption in the US Elections, that would even make the Nigerians blush?
In the summer of 2004 Theresa Amato, campaign manager of presidential candidate Ralph Nader, took out a notebook in preparation for an important phone conference.
Her candidate, Nader, had already been subject to an extraordinary — and extraordinarily underreported — campaign of litigious harassment at the hands of the Democratic Party. John Kerry told Nader he had 2,000 lawyers at his disposal and would do “everything within the law” to win. In Arizona, Nader opponents filed a 650-page challenge to his attempt to get on the ballot, forgetting social justice concerns long enough to complain that one of Nader’s petition-circulators was a felon. They demanded ten samples of Nader’s own signature, hired a forensic examiner to call others into question, and challenged residents of a homeless shelter. The Democratic state chairman, Jim Pederson, said outright, “Our first objective is to keep [Nader] off the ballot,” because “we think it distorts the entire election.”
...
In 2004, a third party needed to collect 634,727 valid signatures in about six and a half months to get on the ballot. If you’ve ever wondered why so few third-party candidates run, it’s because this is an extraordinarily difficult logistical task, and expensive, requiring services of companies that even then charged between $1.00 and $1.50 per signature. (Ross Perot reportedly spent $18 million to get on the ballot in 1992.) The process gets more cumbersome when you’re forced to account for “spoilage,” i.e. how many signatures you’ll lose in the face of challenges from a determined opponent, in Nader’s case from Democrats and affiliated groups.
Amato later wrote a book, Grand Illusion, documenting the Democrats’ plan to keep Nader’s meager resources “tied up mentally, emotionally, and financially in courtroom after courtroom,” violating rules themselves while using the press to smear Nader as the cheat. “I wrote a whole book precisely because I didn’t want the history to be lost, of what the Nader campaigns went through,” she says now.
Of course history repeats, we never learn, and we still believe in a fair playing field, one person one vote ...
havagoodweekend, as we celebrate "invasion day" in the colony down south..
the gnome
Tony- out now for the weekend, modest gain on yesterday- expected more, but a gain's a gain.
Rationale for leaving is I rarely stay in over weekends, and don't see a large rise between now and close of play.
Enjoy the weekend- overall been a good week.
Good weekend All.
Of course but only if unexpected.
Data this week and kept it all in line- mid year cut.
Data this week input into the narrative for next week, this is why this week's data was so important.
Data next week is far more important plus FED meeting.
10 year will end lower today in my view.
I stand by my previous comment today.
See no reason to sell my buy in yesterday on data release.
Hi Mr Bond,
Oh I agree about the politicians being inept and out of touch , but the services could be far better managed as a fully an integrated and standardised transport basis as they are in Germany by professionals.
Tibbs
No cuts in March is the bet and probably not going up in rates. Bond rates only short term and 10 year higher.
Yep PCE down but spends up.
Mid year cut most likely.
See as supportive overall this and yesterday.
Fed done a good job last few years- I said soft landing ages ago when pretty much all analyst were saying all doom and gloom- they got it wrong as per the norm these days.
Look at the data and make your own decisions
Do not follow charts or individual analysts and “experts”
Nothing much in the data. Quite neutral this time.
Tibbs todays politicians running a train company good luck with that.
The data yesterday was supportive and was surprised rise was only minor and muted gold response- data drop today as I said on Monday is more key-
Major stock indexes in Europe traded X during the premarket session on Friday as investors assessed the latest report on consumer confidence in the United Kingdom showed signs of improvement. In addition, German consumer confidence data is scheduled for release before the opening bell. Traders also digested yesterday's European Central Bank's decision to keep interest rates unchanged.
The Dax % and the FTSE 100 were flat at 8:00 am CET. At the same time, the Euro Stoxx 50 rose by 0.27%.
The euro lost 0.09% against the dollar at 7:58 am CET, selling for $1.08305. Simultaneously, the pound fell by 0.07% compared to the greenback, to go for $1.26971.
Baha Breaking News (BBN) / JJ
Happy Friday y’al
Enjoy your weekend.
Gold currently $2022.34
No, hardly practical and increased carbon footprint, so take the franchises back into public ownership and standardise ticket prices is the answer.
Well the solution is to go by air. dont you think ?