Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
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Initial statement good :-), let's hope Jerome doesn't spoil it when he speaks later.
Fingers crossed for some dovish indicators tonight, even though he will say his normal stuff, watch the data and do whatever is necessary. PPI was softer earlier today which was positive.
Of course, there will be no change in rates.
Hopefully the markets remain in belief that the FED will cut sooner than Powell actually says and react accordingly.
GLA.
8 Trillions of $ ,Stock options expire.
So expect volatility for a few days.
This is likely the reason the whole market has dropped, 8 Trillion is the largest Options expiry fo many ,many years.
Email to UK media editors, my MP, the UK market regulator, BBC Business Program and the Ukrainian Embassy.
13th Dec 2023
Dear Editors,
As part of the UK government's assistance to Ukraine in its fight against the Russian invasion various trading sanctions have been imposed on Russia including prohibiting the trading of precious metals including gold and silver, via the London Bullion Metals Exchange and the London Stock Exchange.
However whilst in principle these sanctions may appear severe and should to a large extent have seriously limited Russia's access to the trading and of supply precious metals via the UK it seems that Russia has found a workaround by buying directly from African sources.
Unfortunately from the information attached it seems that certain international mining companies which may also be listed on the London and Toronto Stock exchange are implicated, or willing participants in assisting Russia to break UK & international sanctions by entering into business partnerships with Russian mercenaries including the Wagner group.
You will note that I have copied in other relevant recipients including my MP
Please see the attached information.
https://bloodgoldreport.com/
They are rival gangs — with many different characters. From new-age pastors to old-school smugglers, and from diplomats to the Zimbabwean president’s niece, Al Jazeera’s latest investigation, Gold Mafia, has uncovered a band of criminals driving gold smuggling and money laundering worth billions of dollars in Southern Africa.
An investigation by Al Jazeera has revealed some of Southern Africa’s largest gold-smuggling operations, exposing how these gangs help criminals around the world launder billions of dollars while aiding governments in circumventing international sanctions.
Gold Mafia, a four-part series by Al Jazeera’s Investigative Unit (I-Unit) based on dozens of undercover operations spanning three continents, and thousands of documents, also shows how government officials and businesspeople are profiting off the illegal movement of gold across borders.
https://www.aljazeera.com/news/2023/3/23/gold-mafia-looting-southern-africa
https://www.aljazeera.com/news/2023/3/23/gold-mafia-godmen-conmen-president-niece
Thank you Gonez, the piece was from Kitco I was aware of the date/ day after I posted but thought it was clear anyway.
Gold is controlled by the central banks. never going to see anything higher in the 2000s...
thanks to Russia and China eating up the gold, the west never let the gold go higher....
Last sentence should read:
Many UK traders, just shut off and the gold TRADE around his announcement and words, which are 23hour. You can CFD around his every word.
The FED meet today, NOT tomorrow.
They will keep rates the same, and they will also add that they will do whatever is necessary to meet their inflationary targets. They will say that the economy has remained resilient. They will not reveal a rough date, this is up to the market to estimate, which is continually does.
The markets will then move on the way they interpret what he says, as he says it- we all know what drivers need to tick up.
This is all normal.
As ever, for UK stock exchange investors you have to predict what will happen, as the UK markets are shut when he speaks.
Different story for US markets.
Many UK traders, just shut off and the gold game around his announcement and words, which are 23hour. You can CFD around his every word.
POG
Any information that is revealed tomorrow in the Fed’s statement or Powell’s press conference most certainly will shape market sentiment regarding gold’s price. If the Fed reveals a rough date in which they will begin to cut rates it could be highly supportive of gold pricing and bring a conclusion to the recent decline of $155 from the highs or nearly a 50% retracement from the October rally which took gold from just above $1820 to just over $2150.
https://www.kitco.com/commentaries/2023-12-12/Inflation-eases-and-investors-wait-for-FOMC-to-conclude-tomorrow.html
https://thegoldforecast.com/
Thank you Sotolo,
I appreciate that some regard these forums as just for trading talk and this post may be regarded as "off topic" but that said this forum has always been about making members whatever their market expedience feel that they aren't alone by providing friendly support regarding their investment decisions and much more besides.
I listen to the world news most nights as it gives an insight and coverage of a much broader range of news and events which just isn't broadcast on main stream media during the day.
There are some really interesting programmes which feature ordinary people from all over the world and it makes you realise that would vast majority of people are all pretty decent, have much the same ambitions and concerns and in the main would get along with one another were it not for the bitter and bigoted opinions of so many of the world politicians and leaders
https://www.bbc.co.uk/sounds/play/w172yzrrxxk9085 (NFP, Lithium mining, Food prices )
https://www.bbc.co.uk/iplayer/episodes/p0cgql8f/big-oil-v-the-world
https://www.bbc.co.uk/programmes/p0925ydp
https://www.bbc.co.uk/sounds/play/w3ct2z3j
https://www.bbc.co.uk/sounds/play/w3ct4y0l (tackling (loneliness)
In 1998, Russia’s President Boris Yeltsin shocked the nation with a last-minute decision to speak at the reburial of Tsar Nicholas II and his family, 80 years after their murder.
https://www.bbc.co.uk/sounds/play/w3ct4xh6
Tibbs
European stock exchange traded lower in the premarket hours on Wednesday in anticipation of the latest updates on gross domestic product and trade balance in Britain, as well as industrial production data in the United Kingdom and the euro area.
The DAX slipped 0.08%. The Euro Stoxx 50 dropped 0.17%. The FTSE 100 fell 0.07%. The CAC 40 declined 0.21%.
The euro dipped 0.13% against the dollar, selling at 1.07824 at 7:56 am CET. The pound sterling lost 0.15% compared to the greenback, changing hands at 1.25502.
Baha Breaking News (BBN) / AB
Happy hump y’al
I tend to avoid any buying or selling on triple witching.
https://www.thestreet.com/dictionary/t/triple-witching
👍🏾 spot on Sotolo
Mr Tibbles you are very kind man whatever some here might think of your politics. All best
Been telling you this for sooooo long now Mr T. good to see that the WGC are now catching up with my thoughts...
No need to be concerned Sotolo. most of us have been here in the past so what will be will be, but at least we aren't being bombed to bits like so many poor innocent unfortunates during the season of goodwill!
This prediction might happen in 2024 or it might not,
Gold's push above $2,000 in the last few weeks of 2023 could herald an even bigger move in 2024, according to the latest report from the World Gold Council (WGC).
In its 2024 outlook, the WGC analysts said they see three potential scenarios that could impact gold prices next year. In a recent interview with Kitco News, Joseph Cavatoni, North American markets strategist at the WGC, said that much of what happens in gold will be driven by the Federal Reserve and its potential rate cuts.
https://www.kitco.com/news/2023-12-11/Gold-is-poised-for-new-all-time-highs-in-2024-World-Gold-Council.html
SteveJones999,
I don't have any up to date figures but I do know historically HOC had a much higher level of shorts than CEY. So could have been short covering and now they have re loaded and shorted it back down due to POG re-trace ?
Gold up approx 2.5% in past month, again following economic data.
HOCHSCHILD -10%
CEY +13%
FRES +12%
SRB +4%
SHG +13%
Barrick +10%
Newmont +14%
So, again, broadly in line - the outlier this month is Hochs (which was touted here as "look at Hochs, why are we at CEY so poor?"- just shows how easy it is to pick a narrative.
All following economic data as normal outside of any company specific.
Major European indexes are set to open higher on Tuesday as investors expect a new batch of economic data today.
Today, market participants are due to receive the latest reports on economic sentiments in Germany and the European Union from the Centre for European Economic Research (ZEW). Moreover, reports ahead of the market opening said that German Chancellor Olaf Scholz is set to continue the discussion with parliamentary leaders on the revised 2024 budget.
The DAX gained 0.20% at 8:02 am CET, while the CAC 40 was flat, and the FTSE 100 rose 0.23%. The pan-European Euro Stoxx 50 inched up 0.21% a minute later.
The euro improved by 0.14% against the dollar at 7:59 am CET, selling for $1.07795. In comparison, the pound lost 0.15% to go for $0.79517 at the same time.
Baha Breaking News (BBN) / JG
Grow up Mr T.
I pushed the right buttons then,tee hee!
Stop being a wally Mr. T. you do keep banging on, and on, and on, and on...
Post something of value for a change.
Still waiting mi amigo 🙄👀