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Said it before but first thing I look at - much appreciated
Equities in Europe traded lower in the premarket on Thursday following the report the United States does not believe Russia is withdrawing some of its troops from the border with Ukraine. The White House previously said the Eurasian country could still invade its neighbor despite making opposite claims earlier. When it comes to the economy, traders are now waiting for the latest bulletin the European Central Bank (ECB) will publish later in the day.
The DAX traded 0.52% lower at 8:00 am CET. At the same time, the FTSE 100 declined by 0.40%. The CAC 40 dropped by 0.27%.
The euro lost 0.17% at 8:01 am CET to sell for $1.13621, respectively. At the same time, the pound sterling stood flat against the greenback to go for $1.35898.
Baha Breaking the News (BBN) / JR
It has forever been an issue as to whether to have a large standinng army or not. If you do, then how do you justify the massive costs. If you don't, then you will lose the war (of course)?
Wars with guns and bombs are one way of fighting. Then you can have smart bombs, which still kill civilians. And you can be smarter in not letting the media count the dead civilians
Ukraine’s Ministry of Defense and Armed Forces websites and online services of two state-owned banks were disrupted by likely denial-of-service attacks on Tuesday, government and bank officials said. Then there are other ways of fightng these days
Forex,
Hacks,
embargoes
etc
Security experts say it's too early to attribute the latest hacking incidents to a particular actor. U.S. officials offered support to counterparts in Ukraine, for the investigation and response... as you would expect.
Digital disruptions in the banking sector could be especially damaging if they jump over Ukraine's borders (any border?) to affect financial firms elsewhere. Some U.S. banks have been running through contingency plans to prepare for Russia-linked incidents.
and so the circus goes on, and lets hope its more entertaining than a relaity ...
sad world, so stupid
the gnome
The more take-over talks are denied, the greater the likelihood....
Not everyone, Don .
In an interview on Wednesday, Mark Bristow was asked about the wave of mergers and acquisitions in the industry over the last few months.
“Everyone thought we were going to do something stupid in the last quarter – we didn’t do that,” said Bristow.
“We’re very focused on a disciplined approach to any M&A – we’re not shy on doing deals that create value for our stakeholders, but we are guided very clearly by our investment focus and we are disciplined in that manner.”
video
https://www.bnnbloomberg.ca/barrick-ceo-calls-recent-takeover-wave-over-the-top-1.1724360
-------------------------->>>
Which company was the 'stupid thing' everybody thought Barrick would buy last quarter?
Prices of precious metals increased on Wednesday after the United States, NATO, the European Union and Ukraine said that they found no evidence of the Russian military withdrawing from its border with Ukraine. The reports seemed to have turned investors' attention back toward safe-haven assets, such as gold.
Gold advanced 0.84% to go for $1,868.79 per ounce at 1:08 pm ET. Silver rose by 0.75% to $23.57 per ounce a minute later.
Palladium increased by 1.56% to $2,238.75 per ounce at 1:10 pm ET. Platinum was 3.77% higher, changing hands for $1,065.78 concurrently.
Baha Breaking the News (BBN) / MS
Live gold price at 7:12 pm $1872.01 +1.00 %
The BIS international consultation about banks and climate change.
16th FEB 2022
Dear Members of the BIS Basel Committee,
Its time that the politicians and the big banks admitted their policies and day to day business practices in their relentless pursuance of profit and ever increasing wealth for the privileged minority are responsible for the day to day hardships of the majority and the terrible environmental state of our planet.
The majority of the worlds politicians with the real power and those big banks controlling the monetary supply and stock markets have been in denial for far too long and the can they have been kicking is at the end of the road on the edge of the abyss of no return!
Time for bankers and politicians to stop paying lip service to changes some time in the future, that's too late, if they seriously want to save our planet and make life better and fairer for everyone they need to make the necessary changes now!
Please make my comments public.
Thank you,
Your Sincerely
(My contact details were supplied to the BIS Basel committee)
https://www.bis.org/bcbs/commentupload.htm?cdpath=/bcbs/publ/d530.htm
Is the obsession with GDP killing the climate?
https://www.bbc.co.uk/sounds/play/w3ct2drv
Gas Flares around the world are emitting toxic gasses that damage the climate and human health.
What will it take to end this practice?
https://www.bbc.co.uk/programmes/w3ct2dr4
Be a while before you even got 5% in a bank account :-)
Mr Tibbles it 2 weeks for me to get off Facebook and was very complicated, had to follow instruction ,a long list on the Internet by a journalist many years ago.
Wouldnt touch those sites with a bargepole now.
Don’t think a dividend cut is on the cards.
A 5 cents dividend will be paid in my opinion.
The current dividend is more like 5%, not 12%. If you are in this for divs you will be disappointed this year, far better options elsewhere
I doubt they will be able to keep the same div as last year, so a div cut or complete removal will most likely take this back to 80p.
So just how much information are these sites gathering about users?
Dark patterns
The Documentary
Trying to cancel some online accounts can be a maze of searches and false hopes, multiple clicks through a puzzle of seemingly unrelated destinations.
This is what has become known as a 'dark pattern'; complex web design that makes it hard for you to do something the website does not want you to do, and employs behavioral psychology to make you do things it does want you to do. It is just one of the techniques used to make us click, buy or subscribe.
https://www.bbc.co.uk/programmes/w3ct3hgn
I know that im preaching to the choir here but at at this price centamin is paying a 12% dividend.
Further downside is minimal but there's so many good news irons in the fire that could surface without warning catapulting the sp up to who knows where.
Just off shopping to the supermarket now looking for something overpriced to buy ; )
Thanks Mr T.
I think the pandemic has provided a great opportunity to re-assess a lot of aspects of finance, economics, politcs and the role of heath professionals.
https://sites.krieger.jhu.edu/iae/files/2022/01/A-Literature-Review-and-Meta-Analysis-of-the-Effects-of-Lockdowns-on-COVID-19-Mortality.pdf
One of the conclusions has caused great concern in Australia
“Studies looking at specific NPIs (lockdown vs. no lockdown, facemasks, closing non-essential businesses, border closures, school closures, and limiting gatherings) also find no broad-based evidence of noticeable effects on COVID-19 mortality. However, closing non-essential businesses seems to have had some effect (reducing COVID-19 mortality by 10.6%), which is likely to be related to the CLOSURE OF BARS (!!!).”
The city of Melbourne is considering a class action about their being locked in for 264 days
"Overall, our meta-analysis fails to confirm that lockdowns have had a large, significant effect on
mortality rates. Studies examining the relationship between lockdown strictness (based on the
OxCGRT stringency index) find that the average lockdown in Europe and the United States only
reduced COVID-19 mortality by 0.2% compared to a COVID-19 policy based solely on
recommendations. Shelter-in-place orders (SIPOs) were also ineffective. They only reduced
COVID-19 mortality by 2.9%"
Some wasted opportunities?
Lets not lose the opportunity. Lots to change
the gnome
Major indexes in Europe traded mixed in the premarket on Wednesday, with the Ukraine crisis in focus after Russia completed its military exercises with Belarus yesterday, and Western leaders continued to comment on the situation. Before the open, investors will be awaiting UK inflation and producer prices data.
The DAX gained 0.20% at 8:10 am CET, while the CAC 40 added 0.36%, and the FTSE 100 declined 0.09%.
The euro improved by 0.08% against the dollar at 8:09 am CET, selling for $1.13670. In comparison, the pound grew by 0.15% to go for $1.35567 a minute later.
Baha Breaking the News (BBN) / JGA
‘2022 output hike’ Cey’s next known catalyst for a rise in the share price, but are there any unknown positive surprises imminent?
In his negotiations with the Egyptian government on new mining regulations, will Martin Horgan slip a deal on the now ageing court case saga into the mix?
Happy hump y’al
Reimagining money, banks and our economy for the well being of people, communities and our planet
The campaign for a money and banking system that enables a fair, sustainable and democratic economy.
https://positivemoney.org/
As the coronavirus pandemic recedes in the advanced economies, their central banks increasingly resemble the proverbial ass who, equally hungry and thirsty, succumbs to both hunger and thirst because it could not choose between hay and water. Torn between inflationary jitters and fear of deflation, policymakers are taking a potentially costly wait-and-see approach. Only a progressive rethink of their tools and aims can help them play a socially useful post-pandemic role.
Instead of ending QE, the money it produces should be diverted away from commercial banks and their corporate clients (which have spent most of the money on share buybacks). This money should fund a basic income and the green transition (via public investment banks like the World Bank and the European Investment Bank). And this form of QE will not prove inflationary if the basic income of the upper middle class and above is taxed more heavily, and if green investment begins to produce the green energy and goods that humanity needs. Central banks are not constrained to choose between paralysis and contraction. A progressive monetary policy would lift interest rates while investing the fruit of the money tree in climate action and reducing inequality. If it helps to sell the policy, call it “sustainable monetary tightening.”
https://www.project-syndicate.org/commentary/progressive-recipe-for-monetary-policy-tightening-by-yanis-varoufakis-2021-10?barrier=accesspaylog
Quite so 3bear,
It is also worth bearing in mind the previous management were guilty of becoming over dependant upon bought in sub contractor services,possibly because they lacked the relevant required professional knowledge to instigate and oversee the operations/processes themselves and by what is now apparent the commitment or interest in ensuring long term sustainable guidance output.
By contrast Martin Horgan and his new management team have a proven track record and the relevant professional skills to instigate and oversee the required specialist services in the most efficient manner in order to achieve their stated ambition of safe and sustainable long term guidance for the forceable future at Sukari.
The advantages and what is being already being achieved by the new company strategy will gradually become more apparent as updates are delivered and 2022 progresses which should both reassure the market and stimulate a rising share price to more appropriate levels.
Hi Mr T - I agree entirely with you, to the point I was genuinely surprised to learn that such a key operation could be handed off to a third party contractor in the first place. But then I know nowt about mining. The market is impatient - all it sees is the AISC going through the roof. What it doesn't see is Horgan getting all the fundamentals sorted. Pain now will pay out big time in the short to medium term is my belief. This is why I'm overweight. And I'm not talking donuts.
I've heard so many money men,give interviews recently.
Every single one of them, criticises the Fed and all central banks, who printed money, to keep economies going.
Not one Considers, what would have happen during the lockdowns, without it and other simulas packages like the cheques given out in the USA and the furlong schemes and selfemployed support in the UK.
Hi Tibbs
What a succinct evaluation . In my experience (albeit in a different industry) sub contract exposure was limited to short term contracts whereas long term such as Sukari would undoubtedly benefit from "in house " exploitation. I take much confidence in Hogans management so far and his now more public and Investor oriented visibility. Softly softly catchee monkey.
Regards
Bob
Here is another take on the stupidity of the markets and the money men...from Ray D
It seems to me that people who received a lot of money and credit and felt richer, central bankers and central government officials who created a lot of money and credit and said that it wouldn’t create a lot of inflation, and people who believed what these officials said would all do well to review the lessons from history.
More specifically, this time around (i.e., since early April 2020) central banks (most importantly the Fed) and central governments (most importantly the US government) gave people, organizations, and state and local governments a huge amount of money and credit, and now most everyone is surprised that there is a lot of inflation.
What is wrong with these people’s thinking? Where is the understanding of history and the common sense about the quantity of money and credit and the amount of inflation?
Indeed whats is wrong with these people?
https://www.linkedin.com/pulse/where-we-big-cycle-money-credit-debt-economic-activity-ray-dalio/
If you dont believe Ray in 2022 try 1852, the EXTRAORDINARY POPULAR DELUSIONS AND THE Madness of Crowds.
Part of the human condition. The trouble is with the people who read the true history and recognise the madness and delusions for what they are worth ...
"This time it won't end in tears" etc "Things always go up" "Bubbles dont burst"
the gnome