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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Because everyone else's currency is in bigger trouble than the $ is atm lol.
Couldn't agree more Spot, but why is it so high , because the the FED and bank Cartel controls the worlds reserve currency and the market regulation!
The biggest effect on the world's economy right now is the crippling effects of the unjustified strong dollar.
Not jinxed it
Yes was in there for many years , all gone now , have a few grand in this one and hoping for former glory to return , hope ive jinxed it lol
For the first time in 20 years, the euro and the dollar have equalised, indicating that the market believes that the Russian invasion of Ukraine will cause a severe downturn in the European economy. Currently, 1 euro is equal to 1 US dollar.
Sorry to see the PI's getting wiped out, had looked here as a play if the war had any chance of ending soon but I didn't think it had then or has now. Genuinely sorry for all pi's holding whom as usual are at the bottom of the pile for any capital return.
Thanks for that halfpenny wonderfully put , disaster for some by the way
John Mearsheimer book on the Israel Lobby, was my introduction to his thought and research. If you have not read it, its not a bad read.
the gnome
Shares suspended.
Thanks Spoonington
There is much to discuss, that is not discussed in an open and balanced media (which being a free western democracy we deserve ..LOL). One of the stupid games the mass media plays is to find the new hero, and deify them. It wore thin with me decades ago. We have had B-grade actors, nymphomaniacs, reformed alcoholics, "entrepreneurs" and now we have a clown with a fetish for offshore bank accounts.
They simply take us for emotional enitites with no ability to think, let alone think critically about the BS they serve up. It does suggest they are a bit short on the grey matter themselves, but I guess they do their best.
Throwing "leaders" onto the stage with a poorly thought through script is wearing thin. Many of the leaders struggle with stringing more than 2 sentences together without a reading from a "transparent" prompting device, which does spare us some time, assuming one would want to listen to the BS in the first place.
My cycnical day to day, the medicine must be abating.
the gnome
Thank you Spoonington, an interesting documentary , my wife is German and prior to the Berlin Wall coming down we used to visit some of her family in East Germany, so I am not as one eyed as you may think,
you may also be interested to see part of a communication I sent to my MP
Ukrainian President Volodymyr Zelensky and his partners in comedy production owned a network of offshore companies related to their business based in the British Virgin Islands, Cyprus, and Belize.
Zelensky’s current chief aide, Serhiy Shefir, as well as the head of the country’s Security Service, were part of the offshore network.
Offshore companies were used by Shefir and another business partner to buy pricey London real estate.
Around the time of his 2019 election, Zelensky handed his shares in a key offshore company over to Shefir, but the two appear to have made an arrangement for Zelensky’s family to continue receiving money from the offshore.
Actor Volodymyr Zelensky stormed to the Ukrainian presidency in 2019 on a wave of public anger against the country’s political class, including previous leaders who used secret companies to stash their wealth overseas.
Now, leaked documents prove that Zelensky and his inner circle have had their own network of offshore companies. Two belonging to the president’s partners were used to buy expensive property in London.
The revelations come from documents in the Pandora Papers, millions of files from 14 offshore service providers leaked to the International Consortium of Investigative Journalists and shared with partners around the world including OCCRP.
https://www.occrp.org/en/the-pandora-papers/pandora-papers-reveal-offshore-holdings-of-ukrainian-president-and-his-inner-circle
Major European stock indexes were lower in the premarket session on Tuesday as investors awaited data reports on the economic sentiment indicator in the euro area and Germany that are due to be released today.
Previously, the European Commission Executive Vice-President Valdis Dombrovskis warned that the bloc's economic growth forecast would be revised downward due to rising inflation in the region.
The DAX was down by 0.71% at 6:50 am CET. The FTSE 100 and the CAC 40 plunged by 0.58% and 0.70% at the same time. The euro lost 0.33% against the dollar, going for $1.00099 at 7:17 am CET.
The pound was 0.27% lower against the greenback, to change hands for $1.18598 a minute later.
Baha Breaking News (BBN) / AB
Gnome, thank you for renewing my faith that not all people blindly accept ludicrous western propaganda - below is an interesting recent follow up by John Mearsheimer - well worth a watch :)
https://www.youtube.com/watch?v=qciVozNtCDM
Couldn't agree more Tornadotony in most things. Interesting to see the Texas power grid on melt down, with 110d F predicted. Could sober the oil and gas brigade up?
The strength of the USD is not tenable, as it against their interests, but they do seem to enjoy shooting themselves in the foot these days (perhaps this is better usage of the AK15's in every basement).
The US is only marginaly short of civil war, and the gap is closing. Some of the stuff that is happening that does not make the mass media is frightening. How this plays out is first order interesting. Not well is my guess.
The playout to the Russia V West war in the Ukraine is going to be very interesting. The stupidity on display is breathtaking
The view from 2015 is sobering, but not enough for the leaders to do anything
https://www.youtube.com/watch?v=JrMiSQAGOS4
The view from yesterday, has more meat on the bone that some of the ridiculous commentary in the mass and social media
https://www.youtube.com/watch?v=JxdHm2dmvKE
Gold will be a strong player in the future is my view
the gnome
pipedreamer
We are witnessing huge bets on the USD rising at a massive overbought state, we have the largest pull out on the gold sector since the summer of 2019 as the longs over shorts are now tiny in positional Comex contracts. We have short contracts at 25 to 1 leverage on huge volumes against gold. We have lost the 1800 support. They are throwing the kitchen sink at the entire sector. Same game as in Germany after WW1 of sell your gold and enjoy FIAT paper money soon to be pushed in wheelbarrows for a price of bread loaf.
As for Centamin, they report around the 21 July area. The key is having cash for the counter rally when everything hits the fan at some point in the next 90 days.
Of course the commodities have a huge future demand, unless the financial sector and political class abandon everything to do with climate protection as they see the price on delivering a solutions as being an impossibility. We have the UK possibly facing 40C for the first time this Sunday and we have pictures of the River Po in Italy virtually drying up. We have Spain and Portugal in a major drought and above 40C. The planet is going somewhere very warm in a hand basket which could lead to widespread famine. The joke of course is that speculators are treating gold as a commodity when many are buying it as a currency as their non-USA currencies blow up which eventually blows up the dollar as nobody else can then buy their expensive Treasuries including millions of Americans now living on bank overdrafts and waiting for more universal benefits.
How am I responding to all this. I have not sold any of my positions and breaking one of my rules. The rule I am breaking is moving huge amounts of cash into the stock portfolio and waiting to see what a mess the central banks and politicians make of all this. Cash in the bank is now becoming useless, but cash in the portfolio is now ammunition. God knows where the bottom is, but 79p buys a lot less then it did a year ago, but incredibly you can get 1 share in Centamin.
Interesting stuff the last 20 posts,but where is the bottom ?.Can we have more about where the share price is going whether Fundamentally or Technically.
I suppose Mr T that we cross our fingers and hope for some good news soon. Is the update next week?
The "heap" should be getting smaller now -------and I think Cowichan mentioned those lighter, alloy bodied trucks? With the solar and the seemingly good results from the drilling, surely we must be due the turnaround soon?!
I find it hard to believe that gold has been going down, what with the war in the Ukraine and inflation what it is?
Im not much of a gardener to be honest Mr T and the ground here is not great. However, I should have 10 blackcurrant bushes producing next year (or the year after?) and i've got a big bramley apple tree + a few smaller ones.
I picked the blackkcurrants off the 2 mature bushes the other day and they will be used for jam along with some plums.
The courgettes are doing ok and I've picked and frozen some turnip.
I've also done some peas (not many) and garlic for my Niece.
Slowy getting better Mr T but hopefully Centamin will get better quicker than my garden and gardening.
Some of the chives will be going down the garden for the bees as they seem to like the flowers.
Im always doing Rosemary cuttings for people and have got thyme and oregano on the go for them as well.
Golden flip flops Mr T? I want a pair of gold toe capped boots :-)
Quite so Paul, your memory is certainly not distorted,I also remember all too well!
keeping the faith, quite a conundrum, I have come to the conclusion that having faith usually results in disappointment far more often than delight, so lets hope that Martin Horgan will deliver on his promises!
But yes I am staying in Centamin because I really don't have any more faith in anything else!
Lets hope at last, before too much longer we will be getting out those golden flip flops!
Hope you are watering that garden!
Keep well Paul!
Tibbs
Wally,
Cont-
and the beer!
Tibbs
Hi Wally,
Great to hear fro you,hope that you are well and still walking the dogs!
Hindsight , what a great thing, I wonder how that old Cornish miner who predicted £5.00 feels now, although to be fair had the mine be run as it should have been then who knows!
To be fair that old Cornish was'nt to know that Pardey and Co were running a "Pyramid Scheme' by high grading and not bothering to clear away waste ot pump up output for the short term!
No doubt about it now, after the past three years we certainly know just how much we were ticked up by the El Raghy team and Pardey!
Yes I should have got out at just over £2, but I was seduced by all the talk of £3 and then after the "Crack" I should have got out a £1.70 , but then I foolishly assumed that the state of Sukari was'nt as bad as it was, that Martin Horgan would make a statement, a few months would go by and all would be well again!, but it wasn't to be because Martin quite rightly was honest about the near ruination of Sukari by the previous bunch of carpet baggers and he explained the time factor, the amount of money and effort needed to turn Sukari nto a properly functioning gold mine!
A miracle would be a dream, but its hardly likely, so its a case of yet more waiting, but at least we now have a CEO who knows what what needs to be done, and is doing it, rather than glossing over the truth whilst feeding the share holders more copious amounts of baloney!
Yes moving to Cornwell seemed like a great idea until post Brexit, then the pandemic with all the forced disclosure's that the NHS and social care and just about everything else are truly buggered beyond repair, also after losing so much of our European freedoms the UK now seems rather like like an open prison where we can get a pass out for so long, but then have to return to serve our ongoing sentence to live in purgatory!
We all know by rights where the POG should be, but we also know the supposedly regulated markets are manipulated and those manipulators care not a jot that what they do is so blatantly obvious!, so the POG will be wherever the FED & bank cartel it want it to be!
Inflation is here to stay for decades and the FED and other central banks wont be able to control it with interest rates because the system is based on consumerism, and if people stop buying. or taking out credit then a recession is sure to follow, so it seems market manipulation and political lies are now the norm and unlikely to end, irrelevant of whomever becomes the UK PM!
So say we take our money out of Centamin invest in another company, which to trust, that's the question, none of them, they all lie, the only thing that's certain is whichever the comapny the directors will always fill their boots and the brokers will always encourage people to buy and sell!
So if Martin Horgan succeeds that will be brilliant, but if he fails then so what, that's just how it goes!
Keep well though Wally, keep enjoying this views, and the pasties, and the be
Hi Tibbs. How are you keeping these days. Moved to Cornwall yet? Very very disappointed with Centamin. Still hanging in there after all these years. Should have took out when around £2 Now in my latter 70’s and now hoping for a miracle me thinks. Keep safe and well
Analysing the cey sp over this past few year's I'm more convinced than ever that algobots are playing a big part in the sp magnifying any trends, mostly down obviously this year. Note I am not a robot not a robot not a robot.....