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Thanks Mr T for sharing that very insightful story!
From afar and downunder, I struggle to think of how people can be attracted to vote for the likes of Boris Johnson. Further I struggle with the concept of the virtues of the democratic way, as it exists today. The Democratic virtues seem to lie in appeal to the lowest common denominator. Oh for a truly benevolent dicator.
regards
The Gnome.
Thanks Tibbs for posting, very interesting post, a good friend of whos mother who was also German, when the Russians came they raped her and shot her father and young brothers in front of her.I think we sometimes forget have terrible war is for everyone and pray that one day we we all be able to live our lives peacefully where ever you live in the world. As always lets hope that this horrible virus leaves us soon and wish everyone well. Bought some more cey yesterday at the death,perhaps should have waited,oh well!! G.L.A.
Thanks mrtibbles. I have registered for the AGM web cast. See how it goes.
What an incredible story Mrtibs.Thanks for sharing
I have perhaps a little more understanding than you may think, I worked with politicians for over 35 years and the present pro Brexiteers and the present cabinets use of the propaganda machine in order to sway the opinion of the masses hasn't changed that much from the methods used by the likes of Joseph Goebbels, Boris with the aid of Dominic Cummings has spread the untruths about the EU and incited a paranoia amongst the masses about foreigners immigration,the open borders policy, and the true costs and true benefits of EU membership to the UK.
Boris as a journalist was disciplined for making up stories and has continued to lie as PM about many aspects of Brexit, he is reputed to be s lazy, impatient, arrogant and certainly not a detail man, during his time as Lord Mayer of London he never actually completed or saw a project through to completion, success or anywhere near or within budget, he did however acquire a great reputation for passing the buck and for taking the credit for the hard work of others,
Trump was elected on a campaign that was based around his greedy own business interests which made use of inaccuracies and racial hatred by promoting the idea amongst the ignorant ill informed masses that America is being taken advantage of and denied its rightful dues by the rest of the world, a strategy akin to that used by Josef Goebbels ,
The strategies of Domanic Cummings and Nigel Farage have involved promoting lies, populist and decisive untruths regarding immigration,Europe,Brexit and alternative trade deals, these facts will became apparent as time goes on, unfortunately for us all.
My wife Karla is German and her mother's family once had a farm in an area that became part of the former soviet union at the end of the second word war.
During WW2 Gerda (Karla's mother)was required to paint aircraft on a nearby airfield in addition to working on the farm, her brothers Rudi (17) and Karl (18) were conscripted into military service Rudi to the army, then to tank commander (died on Russian front), Karl to the navy, later to submariner engineer (lost in action).
Gerda's father had several Russian POW allocated to work on his farm, but he was reported to the local party for allowing them to eat potatoes that were destined for the military, he was arrested and then sent away never to return, her mother subsequently suffered a heart attack, never to recover fully.
When the Russians advanced on Germany Gerda was forced to abandon the farm and by travelling on the roof of a train carriage managed to get to allied occupied Germany where she was interned as a suspect German/Russian agent, although she was later released and the rest is history as they say..
Our daily lives and certainty the electorate and the markets are still very much influenced by the party political propaganda and rhetoric.
Obviously, One word to say, manipulation.
I was lucky selling 50% Friday and Monday. And bought back today.
I followed many of the day traders in here.
GLTA,
Dan
mrtibbles,
You may feel that is was a distraction and maybe it was but please don't let your rage blind your judgement. People seem to refer to the Nazi's an awful lot these days when talking about Trump, Brixit and Boris. It's a completely unhinged argument and shows you these people haven't slightest idea of what the Nazi's did. You can't even begin to compare them with your pet hates. Let it go...you lost...move on and use reasoned argument in debates.
Hi HighAndDry!
I would think it's pretty obvious that the law was indeed broken in this case. And you don't go for a drive to a local beauty spot (whilst still infectious) to test your eyesight; claiming that is just trolling the great British public, some of whom have suffered hugely through this lockdown. All in all, the whole thing is arrogant and offensive, just as the civil service tweet put it.
I knew Boris / Al well at university and through the 1980s. He hasn't changed a bit. Still a weak, cowardly, indecisive, corrupt blatherer with a good memory for light verse, a bad memory for his own promises, and an overwhelming sense of his own importance and entitlement. Darius was a much more interesting character.
Sorry for the off topic post!
The pound and the FTSE are up today, I don't think this story has had any material effect on anything related to this share or anything at all in fact. I'm sorry you're so frustrated, it's been a very frustrating time, but if he broke the law or indeed some new rules then he should be prosecuted for it and if found guilty he should certainly face professional sanctions. He isn't being prosecuted because he hasn't in fact broken any law. I do believe we have a proper separation of the judiciary and the executive, as was pretty clearly shown in the Brexit procedure. Making people resign because people are frustrated and don't like someone would be a very dangerous precedent indeed. Mob rule might seem appealing when you're part of the mob, but it's very difficult to tell when it might change it's aim and you find yourself in the firing line.
Zambianminer,
The post was relevant the governments advisor (Cumming)has not abided by his own rules and now the government attempts to divert attention by announcing lock down easing restrictions which will affect the markets and the price of gold.
Dominic Cummings is acting like a dictator, and being allowed to do so, he is not an elected member of the house/or cabinet although emergency legislation by a devious cabinet seems to have allowed him to behave as such, even it is alleged in the media by deciding on the locations of secret mass graves. ( Similar things happened in war time, cold war and in countries under dictatorships , hence my ref)
I agree the election is over but that does nor mean that the elected government or the PM has any more right to lie, deceive or not follow established civil service procedures.
I certainly didn't see Dominic Cummings name on any ballet paper, yet it seems he is being regarded and allowed to behave as deputy prime minister in the rose garden of No 10.
Like it or not how a government is perceived in Europe and by other nations depends upon that government having some integrity, the respect of the civil service,the people and the media , this in turn is certainly related to the success or failure of a government and its strategy which certainly affects the stock market, the POG, our chosen gold mine and so our forum.
JMHO but I now think the US are using rhetoric as well as shorting to try and keep gold down - is the dollar or is it not down again today ?
Mrtibbles...give it a rest. You are talking absolute rubbish. Mass grave sites and Nazis!!!! You lost the election, you need to move on. You sound unhinged. I have reported your post. This is not a board for sounding off your political views. Stick to the mine.
Seems Bullion Vault has some ideas on why gold has drooped so strongly today?
https://www.bullionvault.com/gold-news/gold-prices-052620202
Tuesday, 5/26/2020 14:21
GOLD PRICES slipped near 2-week lows in London trade Tuesday, dropping to $1720 per ounce as world stock markets rose amid mixed news over consumer gold demand and the possibility of a surge in supply from both mining and scrap selling as major economies move to relax their Covid-19 lockdown rules.
"With an excess of secondary metal supply," says a note from analysts SFA (Oxford) for German refining group Heraeus, "[plus] a steep drop in jewellery demand and weaker central bank demand, it seems gold's time at the top might be drawing to a close."
Data from specialist analysts Metals Focus says gold scrap supplies slipped 4% in the first 3 months of 2020.
But "an increase in recycling volume threatens to flood the market now that [lockdown] restrictions are gradually lifting and the gold price is still high," reckons SFA's note for Heraeus.
No.1 gold miner and consumer nation China last month became a net exporter of bullion via its key trading point of Hong Kong for the first time since January 2011, the newswire adds.
"The gold price was trading at too big a discount compared to the overseas price," says analyst Samson Li at Refinitiv GFMS, "so gold imports fell a lot because supply inside the country is abundant already."
Hi Dartron,
Yes the post got cut off, it was rather long though and would take up a lot of space on here, so click on the blue link at the top of my post and the full article will be revealed to you.
All is not well; today's lock down easing is more diversionary tactics!
The UK government is now trying to divert attention away from the fact that Boris and his odious cabinet have been lying to the people and instead of following the correct governmental procedures of using the expertise of the civil service to seek advice have appointed obscenely paid consultants to do the job for them.
Gove is as much a disaster and has deceived just like Boris which is why they are both supporting Dominic Cummings who has broken his own lock down measures claiming that they were open to personal interpretation in certain circumstances?
Whoever people voted for they certainly didn't vote for Cummings and yet our ex game show host PM allowed Cummings to acquire the power to decide the freedoms of the people, even to designating mass secret grave sites for peoples deceased loved ones (Rather like the Nazi's did)
Boris lied when he was Mayor of London, he lies about Brexit, he has signed an agreement that t there will be custom checks on Northern Island, despite stating he hadn't!
What of all the marvellous post Brexit Boris trade agreements, well there won't be any, and the Covid-19 crisis will be used as an excuse!
Our governments has lost its credibility on the world stage (Excepting the lunatic in the White House)
In Germany, Die Welt described a “bizarre” event at which “the second most powerful man in Westminster after Boris Johnson … refused to step down or even apologise, despite massive criticism of his trip to relatives during the corona virus crisis. Cummings could have irreparably damaged confidence in the government.”
https://www.theguardian.com/politics/2020/may/26/a-political-gale-worlds-press-on-dominic-cummings-self-defence
Dartron, I really think Cey has been falling because it came up too fast and the all time high of 190 was a bridge too far, having failed it a couple of times it was bound to come back and regroup. Added to this the general market is soaring, look at BA and Tui, there is less fear and more demand for cyclical shares. In a way you could say the general market is currently undergoing a battle between what the economy is going to do, (tumble) and all that cheap printed money having to go somewhere pushing up asset prices. Cyclicals like travel and media may be the fashion this week, gold is more like that long term dark suit, I am expecting us to challenge and break 190 this summer, and am quite sanguine about this fall, hope I am right.
Mrtibbles maybe you could post the rest of your post. guessing it got cut off. Ironically the part of your post that is there does offer the explanation of why we are down today.
I was logging on to ask, opinions for Gold stocks CEY,HGM & POLY as they are all well down today. Wish I had sold a few last week but would it be sensible to buy them back? - with the governments telling us everything is going to be great again, has gold now had its high price for now? I am wondering if we will see a shift back to oil and producers now? Which is crazy, because as far gold mining is concerned, nothing has changed recently prices are still very strong.
Well I've taken advantage to buy back at 170.9 what I sold at 1.87 and 1.85.
Thanks Mr Market. We're not quite even but I got you this time...
I'll let you have some again at a price above £2
Options Expiration | Everything You Need To Know
http://tastytradenetwork.squarespace.com/tt/blog/options-expiration
Options Expiration
"Expiration" is a term that you will not hear a stock trader utter…why?
Because when you own shares of stock, that ownership never expires (unless you choose to sell your shares of stock).
So why do options expire?
Unlike purchasing shares of stock, purchasing an option contract is generally used as a shorter-mid term investment. When you buy or sell an option contract (controlling 100 shares of stock), you must agree to an expiration date, as part of that contract.
As the buyer or seller of an option, you can choose which expiration cycle you would like to invest in. For most stock options, there are typically quarterly cycles, monthly cycles, and weekly cycles.
It is not vital to learn why expiration cycles occur in the weeks/months that they do (although we will touch on this a little bit in this post), but rather what is more important is understanding what expiration is and how to choose an expiration date because it becomes pivotal in determining whether or not a trade was a success or failure.
What Is An Expiration Cycle? A Brief History
Expiration cycles can be kind of confusing, so I'm going to do my best to break it down. 1973 is the year that the Chicago Board Options Exchange (CBOE) first started to allow equity trading. When they began, it was decided that when options are traded, there would be a total of four different months that each individual equity option could be traded during, each on a different cycle.
The typical increments for these options were 3 months, 6 months, 9 months, and 1 year. Typical cycles for an option would look something like this:
1. January expiration, April expiration, July expiration, October expiration
2. February expiration, May expiration, August expiration, November expiration
3. March expiration, June expiration, September expiration, December expiration
Expiration Cycles Change - More Cycles!
Options gained popularity through the 70s and 80s as a way for investors to hedge their stock positions in the shorter term. As a result of this, in 1990 the CBOE made a change to the rules so that every stock option would have an expiration cycle in the nearest two months.
From then on, all equity options would have what was deemed a ‘front month’ (the closest month - generally the current month) and a 'back month' (the month proceeding the front month), which made the expiration cycles only slightly more complex.
Another development to expiration cycles spawning from the rising popularity of options in the 90s was the birth of a new type security, called LEAPS.
Long Term Equity Anticipation Security - Even More Cycles!
Long Term Equity Anticipation Security (LEAPS) were introduced as a way to make longer-term investments in stock options (things like indices did not have LEAPS until more recently).
So how long can an option contract actually