The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Hi Goldgnome
If I'd had 5 children, it wouldn't matter if the medicine was shaken or stirred - just as long as it came by the bottleful.
Well done to you and your wife for keeping your sanity.
Sorry for not providing the link to the INTERGENERATIONAL report, for those Monty Python fans who are doing it tough in these times, and need additional entertainment of a certain kind.
I love that a lot is indexed in the CPI, or Consumer Price Index. A quick check on this by govt defintion
"The CPI is often used to measure changes in the cost of living, but it is not an ideal indicator of this. While the CPI measures price changes, costof- living inflation is the change in spending by households required to maintain a given standard of living." Well OK, nothing is an ideal measure so how did we go.
Alcohol and Tobacco prices weigh in at 8%, Health 6% and Education 4%. I lll let you do your won analysis and come to your own conclusions, but mine are without doubt heretical.
https://www.rba.gov.au/education/resources/explainers/inflation-and-its-measurement.html
Good luck to the next generation ... booze and tobacco may make you get through the night
I am off t take my medicine (scotch, shaken not stirred?)
best
the gnome
Quite likely in my opinion. Expecting gold and centamin edge up a little as we head into July. Gold sometimes catches a bid as we enter a new month.
Thanks Red,
There is a poem of sorts from yon years which used to do the rounds of our house, ... which could well have been inspired in part from the Central Bankers new outcome focus. But can one really seperate the outcome from the process ... ?
Lord make Me an instrument of Your peace
Where there is hatred let me sow love.
Where there is injury, let me sow pardon.
Where there is doubt, let me sow faith.
....
Where there is sadness, joy.
O Divine master grant that I may
Not so much seek to be consoled as to console
To be understood, as to understand.
To be loved. as to love
For it's in giving that we receive
And it's in pardoning that we are pardoned
And it's in dying that we are born...
To eternal life.
Aaamen...
and its in ....
best
the gnome
Mildly amused at the new world metrics.
The bull equity markets are driven by low interest debt
The housing markets driven by low interest debt and what a bubble emerging
and ...
The marvellous economic recovery (at least in Australia) can now be measured in debt extending out to 2060. Talk about kick the can down the road? This is one hell of a kick! 2 + generations, come catch the ball (with gloves on please!)
My 5 children are not impressed. "You Boomers are leaving one hell of a legacy!"
enjoy your retirement, as there are quite a few who wont be able to ... for decades
best
the gnome
The US unemployment figures are due on Friday this week. That may make an opportunity for traders in what otherwise could be a quiet week (unless you like football, that is). Gold is asleep.
The famous verse from 'A Shropshire Lad' by AE Housman. I'm not so sure about nostalgia - there are good times and bad times in every era. Make the most of time whenever you can.
Into my heart an air that kills
From yon far country blows:
What are those blue remembered hills,
What spires, what farms are those?
That is the land of lost content,
I see it shining plain,
The happy highways where I went
And cannot come again.
Major European stock markets were largely unchanged premarket on Monday as worries rose regarding the spread of the COVID-19 Delta variant and the renewed surge in virus cases. On data, investors were waiting for Germany's import prices report.
The FTSE 100, the DAX and the CAC 40 all inched just above the flatline at 7:50 am CET.
The euro was down 0.07% against the dollar at 7:49 am CET, selling for $1.19272, while the pound rose 0.12% to $1.38950.
Breaking the News / MD
A way to help Burkina Faso just by using Ecosia search engine!
Ecosaia searches plant trees in some of the harshest places on Earth. In Burkina Faso, they make the desert fertile again.
https://www.ecosia.org/
https://blog.ecosia.org/burkina-faso/
There’s hardly a place more vulnerable to climate change than northern Burkina Faso and southern Mali. Planting trees here restores desertified land to its former fertility, curbs violent conflict by creating employment, improves nutrition through agroforestry, and encourages communities to take charge of their future.
It isn't only the al the worlds precious metals markets where governments are reluctant or incapable of implementing the supposed regulation and dealing with the perpitrtors.It's no different in the natural world and often it takes the ordinary people to step in and implement the law to end illegal practices -Some Sunday listening-
https://www.bbc.co.uk/sounds/play/w3ct1kx1
The Thunder was the most notorious and elusive poaching ship in the world; for ten years governments had struggled to catch it. Then, in 2014, a crew from the organisation Sea Shepherd - known for its anti-whaling activity - found it illegally hunting Patagonian toothfish in the ice flows of the Antarctic and decided to stop it. They pursued the Thunder for 110 days over 10,000 miles before a dramatic stand-off in the Gulf of Guinea. Captain Peter Hammarstedt, from Sea Shepherd, tells Jo Fidgen about the dramatic chase and eventually watching the Thunder as it burned. A longer version of this interview was broadcast on 19th November 2020 and is available as a podcast in the Outlook feed. On-board recordings in this piece are from the documentary Ocean Warriors: Chasing the Thunder, courtesy of Brick City TV.Presenter: Jo FidgenProducer: Mariana Des ForgesPhoto: The Thunder surrounded by icebergsCredit: Sea Shepherd
Former Aton resources CEO. MARK Campbell.
I have been trying to find where he is now, but with little success.
But as I do do social media, perhaps something is there.
It would be strange for an experienced person in Egypt ,26 years, to throw away that knowlege.
The only post he still holds seems to be Director of Hawkeye Oilfields Services.
A little strange.
Hi Mr Tibbles
The saddest thing about the people who move out of the cities into the countryside is that so many of them get lonely very quickly. My nearest large supermarkets - Morrisons and Tesco - are about 24 miles away. There really isn't a Starbucks or Pizza Hut around the corner, just a very bad Indian restaurant and a Chinese (which I can't stand anyway). Then they have around a couple of thousand rooks and jackdaws to contend with - the noise is unbelievable. The quality of entertainments is quite poor, unfortunately. A bookshop - what's that? Then the house prices collapse and they can't sell them for love nor money.
Human nature never changes.
Thank you Red,
The free market is another myth promoted to the masses who are too ill informed, ignorant, stupid or just plain greedy to realise it is of no benefit at all to them, it is just another yoke for them the bear around their necks, meaning they are paying more for less and working for longer to pay for whatever they can barely afford, albeit a nice little earner for parasitical and odious estate agents, real estate traders and developers that manipulate and run it!
Close them down I agree.
I don't think any of them will give up till the bitter end.
Including the US CROOKS.
They will think up something, like moving their "Adresses"to lower-zero tax havens.
Hi MrBond,
The vast majority of gold trading takes place in the London bullion market, said Gold Newsletter’s Lundin. The regulations are expected to take hold in the U.K. at the start of the new year, so the “real impact won’t be seen this month.”
The majority of precious metals held by the London Precious Metals Clearing Limited, which was created by the LBMA and operates the clearing and settlement for precious metals transactions, is unallocated metal.
What is apparent is the overriding sheer arrogance of the LMBA and just how ridiculous but never the less unnecessary to the world is their whole racket , albeit nice little earner for the LBMA!
Why is it so important to anyone but the LBMA that they should be exclusively clearing trades of (paper) precious metals trades to create liquidity of paper in cash, especially when the paper cash can be just printed as and when by the central banks anyway!
There is no need for the LBMA to exist other than to than to trade for their own benefit of making huge profits!
If its OK to have paper gold backed by nothing, then what the difference in bank notes backed by nothing?
Just close down the LBMA!
In 1980 I bought an industrial unit for distribution depot.
Interest rates near on 15 % .
They gave me a good discount for cash payment, after a short time the prices then rose rapidly, so yes timing is essential.
Thank's kalimera2 .
The final sentence probably sums it all up, unfortunately.
I know that most of you probably read the Moneyweek newsletter each day, but I used to subscribe to the magazine a few years ago. One of the very best articles to be published was about the business cycle, and how different sectors of an economy perform at each stage of one complete cycle. The business cycle, from bottom to bottom, lasts about 18 years and is driven in a 'free-market' economy by real estate speculation. I was reminded of the 'real-estate clock' this morning when I heard that a very small village near to where I live, has had around 20% of its houses purchased by people from London who have sold up there to move here. This has happened in the last year. It is one of the final stages in the business cycle before the crash.
Anyway, I have found the article. If you have a spare 20 minutes, it's well worth the read and taking it to heart.
https://defencewealth.files.wordpress.com/2014/06/moneyweek-june-2014-694-cover-story.pdf
Final Part-
Undisclosed Project & Program Launches
We have a long list of previously undisclosed projects and programs, which will be publicly released in the coming months. These launches are specifically designed to promote Kinesis in the company’s next phase of commercialisation, which will result in the cascading effect of organic growth.
In summary
We would like to underline that all other roadmap releases are on track and we expect no further delays in any of our other key development milestones. The Kinesis team is looking forward to delivering the historic and highly anticipated yield engine launch and Minter’s yield at the end of this month, in line with our roadmap.
We would also like to reiterate that the Kinesis yield engine was always communicated and planned as a phased release with Minter’s yield being delivered first, followed by all subsequent yields in the proceeding months, as was announced in the quarterly update released on 9th April 2021.
Rest assured, the global Kinesis team is working extremely hard across all departments at this exciting stage of Kinesis’ growth, and we will continue to keep you informed in line with our established quarterly communication strategy.
Kind regards,
The Kinesis Team
Thanks to the hard work and resolve of our team to find an effective resolution, this new European entity has already been approved by Contis as an interim solution.
We have been able to minimize the delay and we are now aiming for the program launch in mid-July, however, this exact date will still be subject to several third-party processes. The timing separation between this significant release and that of the yield engine, will also accommodate a more manageable launch to our live environment.
CSV & Tax Reporting
We have recently released the ability to export your transaction statements in a CSV (comma-separated values) format, allowing Kinesis users to easily download their trade data, through the Accounts tab or from the Kinesis Exchange interface itself.
As we understand that keeping accurate tax records is an important part of successful investing, we have included integration into third-party services on our roadmap which will streamline and simplify your record keeping.
Partner Integrations
We have integrated and continue to integrate with a number of partners across various industries including crypto, foreign exchange, banking and payments and financial services, demonstrating how Kinesis technology can be applied in the real world and at a national level. These partnerships will be publicly launched when both parties deem most appropriate.
Whitelabel Application development
Our Whitelabel application development is in a very good state with our design systems in place set to deliver a Whitelabel model to partners over the course of 2021-2022. Whitelabel application development is not a public-facing release, rather a partner-facing release. Kinesis aims to deliver gold savings, trading and banking services to a wide array of partners; several contracts are already in place for these services in various regions.
We would also like to highlight that due to the inherent third-party nature of commercial partnerships, launches are handled in collaboration, meaning that even when projects are fully completed internally, they cannot necessarily be released immediately. These partner releases will be announced when it’s deemed viable in due course.
Recruitment & Restructuring
We have been dedicating significant time and resources in restructuring and building out our team to handle significant future scaling in the Kinesis operation. This has included heavy recruitment across our Customer Support, Account Executive, Marketing and Technology functions. The Kinesis team has increased in size significantly this year in line with the exponential growth we have been experiencing, with noteworthy additions across most departments. Further details will be forthcoming in our CEO’s Quarterly Report.
Undisclosed Project & Program Launches.
Cont-
Kinesis Roadmap Update.
With the great anticipation heading into the end of quarter releases, we wanted to provide a quick update to our community, in addition to the scheduled communication of the upcoming quarterly update.
Yield Engine & Minter’s Yield
The yield engine dashboard will be released by the end of this month, followed by a week-long period allowing for any remaining wallet address linking. Once this is completed on 7th July, the first Minter's yield will be paid to all eligible minters for all retroactive minting between April 2019 and the 30th of June 2021.
From July 1st onwards, Kinesis users will be able to receive and track their Minter’s yield payments, paid monthly in gold and silver, through the Kinesis Money platform. The all-new yields tab will allow system participants to keep track of their yield payments to-date, yield eligibility, as well as monitor total KAU and KAG in circulation and total yield fee pool amassed across the entire Kinesis system.
We have been rigorously preparing for this release, which has been subject to a significant amount of quality assurance and testing. It’s important to note that while this release is yet another small step forward in Kinesis completing the foundational core pillars of our system, it is a quantum leap forward for the Kinesis vision.
After the initial launch of the yield engine, subsequent yields will be brought online and rolled out throughout the year, with the Holder’s yield the first to follow. We look forward to bringing you further announcements on this monumental milestone for the Kinesis Monetary System, and the precious metals industry as a whole.
New Kinesis Money Website
The new Kinesis website has been developed over the course of 3 months and will be released according to the roadmap at the end of this month. The top-to-bottom website redesign and restructuring, positions our brand tailored towards our core target segments and enables a far greater assimilation of the Kinesis Monetary System.
Although tremendous effort has gone into the new aesthetic and feel, extensive research and development into the UX (user experience) flow has also been incorporated into all design considerations in order to provide a seamless and engaging user experience.
Kinesis UK and EU Physical Card Program
All major development components of this project have now been successfully completed and primed for implementation, with a notable emphasis on the significant achievement of PCI-DSS level 2 compliance now awarded to Kinesis.
However, due to a delayed regulatory process largely resulting from the COVID-19 pandemic and related government shutdowns and restrictions, this card program will not initially be operated from Kinesis in Liechtenstein, with the new EEA entity established to launch this program in partnership with Contis.
Cont
Spot on MrBond - twelve years working for Aton and little progress to show would test the patience of anyone!
Hi Rebess - exactly what I was thinking.
Securing a highly prospective concession and resource in Egypt via Aton would mean no initial commitment to the EMRA. The catch is renegotiating favorable terms post merger - hence the former EMRA chair now hired as Aton's 'country manager' ?
In short ,I think Mark Campbell left Aton because of frustration.
No sufficient funds to start mining. Aton with funds should have be pouring several years ago.
It is supposition, I know.
But maybe Cey are fishing for him as a competent adviser for any new concessions in or around Sukari
Hi Cowichan
Just a thought. In the light of the information you have revealed, I'm wondering whether we may be witnessing the beginnings of a tie-up between Centamin and Aton. - If we are, then the dots would start to join-up.-It would actually make sense. - Apologies if this possibility has already been discussed. - I haven't caught up with all of the postings