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Good reason for pog rise.
"Gold jumps following disappointing consumer confidence data".
"US house prices rose more than expected in March".
and weaker Dollar.
Kitco news.
Could this be the start of something big ?
Couldn't disagree more- Crypto is here to stay 100%.
Above 125 close by Friday. This will fly soon!!!
Approaching €1900 .
Bitcoin is fairy tale just like the "Emperors new clothes" and after the realisation of the truth the ending of this fairy tale will most likely be very similar!
Clowns for sure! The Romans used to provide bread and circuses and more recently John Lennon complained about how many were stuck on drugs sex and TV. We won't mention rock n roll?
Of course now the distractions are more voluminous and some suggest our attention spans have shrunk down to a solid 8 seconds where we compete with gold fish....
The next distraction feeds off the last on your smart phone, and so on , all led by an algorithm (bugg@r the deities, too much like hard work and not enough "fun"?) in a mad merry chase across one's years...until the battery runs flat!
Glad the money is coming into gold. The crypto space still looks ridiculously overdone!
Best
The gnome
Ive now officially been in CEY just over 10yrs . My first trade in 2011, buying 2098 shares at £1.3851 and selling at £1.4721, making £183! The price is a premium on today :-(
Spot on Mr Gnome,
In a time of such instant communication amongst the ordinary people they should be questioning their ruling governments representatives (or 43.6% of 67.3% turnout in the UK) on all these issues.
But the politicians rarely get called to account on issues such as these because most of the ordinary people aren't aware, don't understand, or don't have care about them because their attention is diverted and opinion distorted by political spin or they are far too busy taking part in trivia on social media and taking selfies!
Dogs can be trained to detect the majority of COVID-19 infections even when patients are asymptomatic, according to scientists from the London School of Tropical Medicine, Durham University and the group Medical Detection Dogs. Authors of the research, which has yet to be peer-reviewed, hope the screening of clothing and face masks could help replace the need to quarantine airplane travelers after incoming flights. "What we're suggesting is that dogs would give the first initial screening, and then those (arrivals) that were indicated as positive would then receive a complimentary PCR test," declared co-author James Logan.
How does it work? The results are said to be more effective than temperature checks as they could detect mild or asymptomatic COVID-19 infections. Dogs that screened arrivals at airport terminals could detect 91% of cases, resulting in a 2.24x lower rate of transmission than with PCR tests alone.
On Friday, Thailand also deployed dogs trained to detect coronavirus infections by sniffing samples of human sweat as the country deals with a severe outbreak of COVID-19. The samples are stored in small metal containers for the dogs to inspect one by one, and about 2,000 specimens have already been sniffed this month. The trained Labradors at Bangkok's Chulalongkorn University have even shown a success rate of about 95% and the project's directors hope to extend the trial to airports or boat piers.
Bigger picture: Dogs have long been trained to detect odors associated with drugs or explosives, as well as malaria, cancer and diabetes, but "this is the first time that dogs are able to detect a viral disease in humans," said Dominique Grandjean, a professor at the National Veterinary School of Alfort in France. Sniffing tests would also cost as little as dollar and take seconds, compared to the expensive prices and time constraints of PCR testing.
Coronavirus testing stocks include Quidel Corporation (NASDAQ:QDEL), Fulgent Genetics (NASDAQ:FLGT), Hologic (NASDAQ:HOLX), Abbott Laboratories (NYSE:ABT), PerkinElmer (NYSE:PKI), Fluidigm (NASDAQ:FLDM) and Quest Diagnostics (NYSE:DGX).
Spot on Mr B.
Reading Goldgnome's posts first thing in the morning is better than radio's 'thought for the day'. They cut through the nonsense and look at the bigger picture.
The sad thing is that there are a lot of red noses out there that always seem to find ready owners.
Nice one Red - I like it. :-)
To remain on topic in case of complaint. - Comex Silver expiry today.
A good observation Goldgnome, I liked your summing up.
Especially your final sentence.
When there is an emergency ,they always send in the clowns. A diversion for the audience.
Have a good day all.
If its hard to predict the CEY SP and the POG, spare a thought for the experts, trying to predict how the new rules will play out and impact on the future.
“It’s hard for markets to understand and calibrate when the rules of the road have fundamentally changed,” Warsh tells Douglass in a Magellan podcast interview.
The sudden end to the idea that governments need to live within their means is just one example of these new rules, Warsh says. The reversal of decades of globalisation is another.
But perhaps the biggest rule change is that prices in financial markets – which are supposed to act as judgments on the future – are being distorted because “the largest bidder in many of those markets are governments” who have thrown trillions of dollars at buying bonds and other debt instruments.
“At a time of massive regime change in the conduct of governments and economic policy, financial markets are being asked to take in a lot.”
And on the circus goes, where it stops no one knows.
place your bets anyone?
best
the gnome
Shares on European markets were higher during premarket trading on Tuesday ahead of a fresh batch of economic data from Europe's largest economy.
Investors were awaiting Germany's first-quarter gross domestic product (GDP) figures, along with this month's Ifo business climate survey. Meanwhile, traders continued to weigh the inflation outlook as the global economy showed signs of recovery from the pandemic.
The DAX jumped 0.90% at 7:30 am CET, while the FTSE 100 climbed 0.19%. In Paris, the CAC 40 rose 0.14%. The euro was up 0.10% against the dollar at 7:40 am CET, buying 1.22272. At the same time, the pound rose 0.17% compared to the greenback to go for 1.41810.
Breaking the News / JC
Hi Rebess,
Yes indeed, let's hope this time that it is'nt a case of many a true word spoken in jest!
Stands at approx 125p. For the first time in a while it is in reach and starting to bottom out. A strong buy signal if breached and Maintained. Watching with interest especially if news breaks.Sorry for boring any chartist luddites :-)
That could be the case, Rebess, but I thought the commercials starting going net long quite a few weeks ago. So I'm not so sure if gold will take a hit.
I've noticed that Dr Copper is beginning to look a little sickly and the $US is right down in the huge support zone. That doesn't necessarily mean gold will be hit - we could get some risk off momentum. I can still see gold pushing towards $1950. We'll see.
Poetry, eh?
'How hasty is time to depart from us,
Through adult, from child and birth,
For a man has but a few short years,
To make his history upon the earth.'
Comex expiry this week which probably means PM's taking a hit. - The 'Evil Empire' strikes back week.
Hi Tibbs
I don't know about the expiry of the Sukari-mine, my fear is that is we who shall expire. - ' For them no more the blazing hearth shall burn'.
Hi Cowichan - I'll have to give that one some thought. :-)
It was a Canadian of course who wrote the lines quoted, or something similar, which I'm sure you knew.
Thank you for your contributions here. - So much effort on your part in keeping us all informed and the unselfish dispensation of the results.
Hi Rebess
That's a very fair comment ,from our past experience if there are any legal challenges and the judicial process is involved then I fear the reserve life of the existing Sukari may be at risk of expiry before any ruling is made!
Another decade or two of appeals and yet more adjournments although by then who knows, a change of Egyptian government, the UK might well be no more if the Scot's have gained their independence and rejoined the EU, the remaining English government will have changed, possibly for one that doesn't lie as much, but in any case one of far lesser consequence in the world order!
So we had better all hope that EMRA can propose an agreement that is acceptable to the three remaining mining companies before too long!
So long as the deal is good- CEY have been fab for Egypt so I live in hope on balance that the deal will reflect this.
More poems please Rebess ;-)
Perhaps a regular addition on Mondays?
I hope there isn't a Parliamentary or Court process involved. - There just isn't the years of life left in any of us, even the youngest among us, to accommodate .
From their website.....
‘ Subject to shareholder approval at the 2021 Annual General Meeting on 11 May 2021, the final dividend will be paid on 15 June 2021 in US Dollars (“US$”) with an option for shareholders to elect to receive the dividend in Pounds Sterling (“GBP”).’