The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Major European stocks stood mostly flat ahead of Friday's session a day following the European Central Bank's decision to increase its key interest rates by the expected 75 basis points in an effort to curb record inflation.
In the United Kingdom, Queen Elizabeth II died at the age of 96, with the coronation of her successor King Charles III scheduled to take place tomorrow.
The DAX and the CAC 40 stood unchanged at 8:09 am CET, while the FTSE 100 gained 0.25%. The euro grew 0.68% against the dollar to sell for 1.00643, while the pound rose 0.69% to $1.15843.
Baha Breaking News (BBN) / ND
Happy Friday…
Have a good weekend y’al
*Large gold discoveries will be announced within the next month.”
United Kingdom's new King Charles, paid tribute to his mother who passed away earlier in the day at the age of 96.
"The death of my beloved mother, Her Majesty the Queen, is a moment of greatest sadness for me and all members of my family," the king said in a statement. The new king is expected to bo known as Charles III.
Meanwhile, more world leaders are paying tribute to the late Queen, including Ukrainian President Volodymyr Zelensky, who called her death an "irreparable loss," Israeli Prime Minister Yair Lapid and NATO Secretary General Jens Stoltenberg.
Baha Breaking News (BBN) / NP
The presentation in the link was interesting, a lot of it made good sense, but at the end of the day this is a sales pitch. I think he's right about holding more cash in your portfolio than we're used to though.
Equities in Europe traded higher in the premarket on Thursday in anticipation of the reveal of the European Central Bank's (ECB) newest monetary policy decision, to be followed by the institution and its President Christine Lagarde's speeches.
Earlier, the United States Federal Reserve stated in its Beige Book that the economic activity in that country in August remained unchanged on a monthly level, or "on balance."
The DAX advanced by 0.84% at 7:40 am CET. At the same time, the FTSE 100 rose by 0.42%. The CAC 40 went up by 0.86%.
The euro lost 0.08% to the dollar at 7:48 am CET to sell for $0.99973. A minute later, the pound sterling fell by 0.18% against the greenback to change hands for $1.15128.
Baha Breaking News (BBN) / JR
Posted 32 minutes ago
Today marks yet another historic moment for the #miningindustry and just to be a part of the promising #miningfuture of this beautiful amazing country is a priceless gift.
What is cooking?
#investinegypt #egyptminingvision #egyptminingsolutions #emra #thisisegypt
#visitegypt #mining2022
https://www.linkedin.com/posts/raadiyahemam_alhumdulillah-miningindustry-miningfuture-activity-6973484112615477248-7eEX?
---------------------------------->>>>
This was posted by an employee of the Gold Pyramid Group.
Since the referenced meeting above took place at the EMRA offices today it must be related to my last post
'What's cooking' is exactly the question I'd like answered - will inquire
Posted September 8, 2022
Tarek El Molla, Minister of Petroleum and Mineral Resources, issues the movement of heads of mining companies during the next few hours, with the aim of supporting the mining sites with the competencies necessary to achieve the targeted future goals and exchanging experiences.
The movement will also include occupying some of the sites that were vacant and will be abandoned by the exit of their occupants to the legal retirement age.
It will include more than 5 mining companies
Al-Baraima learned, from responsible sources within the Ministry of Petroleum and Mineral Resources, that the movement will include more than 5 mining companies, including the Egyptian Mining Resources Company - Shalateen - Hamish - Al-Sukari.
https://elbarima.com/%D8%AA%D9%81%D8%A7%D8%B5%D9%8A%D9%84-%D8%AD%D8%B1%D9%83%D8%A9-%D8%AA%D9%86%D9%82%D9%84%D8%A7%D8%AA-%D8%B1%D8%A4%D8%B3%D8%A7%D8%A1-%D8%B4%D8%B1%D9%83%D8%A7%D8%AA-%D8%A7%D9%84%D8%AA%D8%B9%D8%AF%D9%8A/
------------------------->>>>
Something was signed but just what the heck it means isn't yet clear - I will inquire
Transitional.
No need to say more.
:-) .
wait and see I am almost certain you will be far far from reality.
Surely this will prompt an RNS
On market prices gold is up .84% at $17.16
also crude is down nearly 5% at around $88. a barrel
As I've said for the past few years- 2008's recession cause was unique- any recession now will be shallow and nothing like then- drivers are completely different
Nice one Cowichan :-)
Elsukari 36MW hybrid PV plant
mission accomplished
https://www.linkedin.com/posts/hamdy-elnaggar-pmp%C2%AE-8b8a3892_elsukari-36mw-hybrid-pv-plant-mission-accomplished-activity-6973201498340012032-pQ0P?
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Time to save some money
Wth Gas Prices rising , it is clear construction costs will rise.
But Banks are lending less and choosey about those they lend to.
In time ,likely this winter ,sales will slow .Especially in the UK.
A repeticion of 2008.
There will be some desperate builders out there, then if you have the cash ,time to buy.
I am already looking.
Thanks Goldgnome and am sure they are variances in other countries too.
They have also risen a lot more recently in Aus, espc last couple of years, so more susceptible to movements.
I don't have property in Australia so less concerned.
SJ999
Housing prices dropping rapidly in Australia, across the country
cheers
the gnome
House price UK news- up again in Aug2022 despite drop in July- so that's 11% this year- I recall 5 years ago- "house price crash imminent"... and in 2017, 2018, 2019 then COVID- "don't buy house prices will crash", then 2020, 2021, now 2022... same with stocks pretty much (bar gold ones of course)... so no one mentions how much the doomsayers have lost since then...
Alternate view- inflation rise will top and drop, interest rates are still massively low so people don't want cash- borrowing remains cheap- the markets will not drop anywhere near like the doomsayers. How many times I've read articles like this over the past 30 years is breathtaking- trying to hit the very few big drops in history is massively outweighed by the gains- look key markets over the pat 30years- so long investors shouldn't panic. Of course, gold and mining stocks are a different gravy and should remain at the smallest % of the portfolio bar crypto, so trading is recommended here for sure
Its just a matter of time before the Dollar will plunge.
Balancing out the worlds currencies is long overdue.
In the Dollars case its overvalued for US Exports.
Whatever they have left to export.
Gold gnome he is on the money this time. The question for us
A. Will gold break down below $1680 (probably), how far will it go down and for how long before turning. Presumably while the rest of the stock market is still plunging.
B. Will miners plunge far faster with the falling stockmarket and their rising costs, which miners will be around when gold turns?
The pound has dropped 17% against USD in the past year and quite a bit more recently. At one point does a devaluing currency act as a tailwind in equity valuation when its earnings are in USD?
and now that I have your attention
the link
https://pro.paradigmnewsletters.org/p/awn_marketscream2_0522/LAWNY6AE/?cake_s1=09_76332025_1ff06b92-9fd1-43ea-b444-ea0a712df4f5&h=true
the gnome
For all those who would like a little something extra with their porridge this morning, can I recomend :-
“Blood-Curdling Scream”
Exclusive: In this free, exclusive interview, a former government insider issues a startling message to Americans: "This will be the single fastest and deepest correction of our lifetimes and the dam is already starting to break... the markets just let out a blood-curdling scream. Many, many Americans are going to suffer"
He has been screaming for a while now, but now perhaps he is on the money?
best
the gnome
Equities in Europe traded lower in the premarket on Wednesday in anticipation of the newest reports on the Eurozone's gross domestic product (GDP), the United Kingdom's house prices, and Germany's industrial production.
Meanwhile, the crisis in Ukraine continued, with Russia dismissing the international community's efforts to demilitarize the Zaporizhzhia Nuclear Power Plant (ZNPP) as "not serious."
The DAX fell by 1.00% at 7:09. At the same time, the FTSE 100 declined by 0.87%. The CAC 40 decreased by 1.01%.
The euro lost 0.07% to the dollar at 7:14 am CET to go for $0.98967. At that minute, the pound sterling went down by 0.34% against the greenback to sell for $1.14799.
Baha Breaking News (BBN) / JR
Happy hump y’al
;-)