Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
There is a lot more not looking good for the UK and the world than charts predictions I'm afraid, although agreed they are all part of the package of lies and scare tactics used to cause panic and drive the herd in whichever direction those that control the market want it to go in,
Possibly a better use for the charts would be shove them up the rear hole of Broris with all the other lies that seem to be emitted from there on a regular basis and set light to them in the hope that something sensible, or even truthful might be emitted next time he opens his ugly gob or rear end!
Faint chance though this is the bloke that those that should have had more common sense elected because they believed his lying and completely stupid Brexit rhetoric.
So hear we are condemned to another month of open prison by the bloke who has just wasted many millions of £'s on hosting a G7 jolly in Cornwall (which should have been done by video link) with the aims supposedly to come up with ways to cut harmful emissions and reduce carbon footprint.
So now our idiot Boris PM proudly announces he has secured a deal with a country 10,000 miles away rather than the one we had with countries that were just across the channel 22 miles away, not only that the deal is far worse than the one our farmers already had with Europe and the tariff free meat we can now import if we choose ,is from animals that are subject to lower standard of welfare and usually given large amounts of drugs that are not used or allowed in UK livestock.
So putting things in perspective I really care not a jot whatever charts look like, or whatever the market experts predict, because we really don't matter in the eyes of hose that unfortunately some chose to elect that now control our lives and the markets, so they will always win and carry on doing just what they like !
In fact if I wake up tomorrow and the whole of the precious metals markets has imploded and Sukari disappeared under a pile of camel ****e whilst the West African asset's have been taken over by renegade Ewoks and Boris has announced a tariff free deal with Saturn, I shall just close my laptop lid, then set about mending the puncture in he rear wheel of my push bike and go for a ride.
This is all just a pile of pants, why would anybody in their right mind think that they have any influence or control over what is taking place, we don't, we are either lucky or unlucky in the markets, sometime the market makers shaft us, sometimes it's the company, other times its experts with ulterior motives, but more often or not those that dabble in the markets s get shafted one way or the other ,despite what they claim!
Mr Tibbles you are a mine of unformation. I feel a Sunday off topic in the making.
Goodness, there are so many posts today I can't take them all in.
Macron reminds me of that Monty Python sketch where two people slap each other with salmon. I was so surprized when I worked in France how irreverent the French are towards politicians. No wonder they used to chop their heads off!
I missed all the market action today and will tomorrow. I mentioned copper a week or two ago. The Chinese were trying to control its price. Same for other markets. I wish the US wasn't following in the same vein. It's the future but it will fail. Best to stick to what they're best at. If Macron had said trade freely with Africa instead of selling gold and handing them the money, that is the right way - African farmers would want that.
Mr B and Cowichan = gentlemen. i wish the world had your wisdom.
Sorry for the crappy post but out of time.
You are right, I knew Asians when I was in the UK, they only bought pure AU jewellery.
The Gipsies were the same.
Solid chains of AU.
So Banks were not necessary, nor trusted.
They will no doubt be proved right in the end.
Thanks MrBond.
I found a little nugget of gold interest here:
https://twitter.com/CNBCTV18News/status/1404755930730745858
Apparently India is implementing some new rules as of tomorrow (hallmarking purity certification for jewelry sellers) in which only 14, 18 and 22 carat can be sold. Could crimp sales.
I thought 24 carat was popular in India?
OK Don, we agree on that.
Life's to short.
Really it's not surprising ,a year of frustration for everyone.
Keep well.
As for Gold, most Professional commentators are also mystified.
I feel I must patch things up with MrBond.
I really do agree with the sentiment that all views are welcome - and if MrBond must be the ying to my yang, the black to my white, the pain in the butt to my preperation h then I welcome the challenge and camaraderie ;-)
To Somnamna & Sotolo - thanks for your kind words. Much appreciated.
Also to Tibbs, your peacemaking efforts never go without notice.
Now, what's happened to gold? Somebody please FIX IT a.s.a.p. !
Bullion Vault?
Gold Price 'Already Seen 2021 High and Low' as Stocks, Inflation Forecasts Both Rise Ahead of the Fed
Tuesday, 6/15/2021 14:10
GOLD PRICES held unchanged in Asian and London trade Tuesday, contrasting with fresh all-time highs in global stock markets ahead of this week's monetary policy decision from the US Federal Reserve – now facing the highest forecast for inflation among US consumers since at least 2013.
Moving around $1865 per ounce, the Dollar gold price yesterday sank 1.7% to sudden 1-month lows as bond yields rose, before rallying but failing to regain the weekend's level.
Silver prices were more volatile today, falling back within 10 cents of yesterday's 1-week low at $27.50 per ounce.
Crude oil today rose sharply above $70 per barrel, but base metals slipped further from their recent all-time and multi-year highs, while foodstuffs corn and wheat both lost over 2.0%.
"Inflation is on the way, I'm a big proponent of the [new] supercycle," says Mick Davis, ex-CEO of former mining giant Xstrata and now raising mining finance through $300m special purpose acquisition company ESM (NYSE: ESM), speaking today at a Financial Times' commodities event.
"The mining industry cannot respond to demand from the green-energy revolution any time soon."
Gold mining output is set to rebound by 6% from 2020's Covid slump to reach a new annual record this year said Adam Webb, director of mine supply at Metals Focus separately today, launching the specialist consultancy's new Gold Focus 2021 report.
Scrap recycling will slow while jewelry fabrication will surge by more than one-third after sinking last year on retailers worldwide choosing to de-stock rather than buy new inventory amid the demand collapse, lockdowns and high bullion prices of 2020.
Overall the gold price will rise 3% on its annual average, said Metals Focus' director of gold and silver Neil Meader, taking it up to a new record high of $1820.
$1820 is this a record high all of a sudden?
Commodities: - Softs taking another big hit today as well as base-metals. - If it isn;t deliberate manipulation, it's a helluva coincidence, coinciding with the inflation news as it does.
any gold mining not looking good. everyone in the same boat. fres /poly
Chart is not looking good for Centamin at this time.
Aviation
Trade truce
Transatlantic relations are getting a boost with the U.S. and EU on the cusp of a deal to resolve a 17-year dispute over aircraft subsidies. The breakthrough, set to be finalized today during President Biden's first European meeting in Brussels, would lift the threat of billions of dollars in punitive tariffs via a multiyear accord on subsidy limits. It would also remove a sizable shadow that's been hanging over the planemaking industry, as well as threats that other consumer goods could be targeted with retaliatory levies.
Backdrop: The dispute is one of the longest-running battles at the World Trade Organization. It started in 2004 when the U.S. withdrew from a 1992 aircraft subsidy pact, alleging that Airbus (OTCPK:EADSF) had managed to equal Boeing's (NYSE:BA) share of the jet market due to subsidized government loans, while the EU counter-sued over unfair R&D support and subsidized tax incentives. The case wound through the WTO over the years, but in 2019, it awarded partial victories to both planemakers. While they attempted to work things out over the coming years, billions of dollars in tariffs were progressively imposed by each side, until the two suspended the duties in March 2021, setting a four-month deadline to work out a deal.
The current standstill agreement would likely include a five-year suspension of tariffs and remove claims for compensation. The U.S. would also withdraw a demand that would see it get advanced notice of any future public loans to Airbus. Another critical detail is the benchmark to be used when determining whether the interest on a future loan is market compatible.
Competition is rising: The arrangement would arrive as President Biden pledges to reset relations with European partners, while taking a hard-line stance on China. Beijing has its own ambitions to become a global player in commercial aircraft and even plans on delivering its C919 to its first client at the end of 2021. "There's no question that the rise of China's aircraft industry is... on everybody's proverbial radar," U.S. Chamber of Commerce Senior Vice-President Marjorie Chorlins told reporters on Monday, noting the country's "heavy subsidization" of its industries and threats posed by its state-driven economic model.
Statistic: Job openings soared to a record 9.3M in April as the economy reopened, according to the latest JOLTS report, but 3.5M Americans are still on weekly jobless benefits and more than 9M remain unemployed.
Go figure... While the numbers sound somewhat contradictory due to the ways they are collected and measured, they mean the U.S. is experiencing high unemployment at the same time as a labor shortage. While there are many reasons for the hiring scarcity like shifting employment choices, Republicans have mainly pointed to programs such as enhanced unemployment benefits, while Democrats have flagged items like childcare responsibilities, lingering COVID-19 worries and the need to raise wages.
"Look, this is the biggest economic challenge of our time," U.S. Chamber of Commerce CEO Suzanne Clark declared. "I went to Rehoboth [Delaware] over the weekend, took my teenager to the beach. And the number of restaurants, the number of small businesses that have restricted their hours, that aren't serving lunch, or aren't open at all because of the workforce shortage is tragic."
Making moves: As a result, Clark is launching an initiative to address the worker shortage called "Operation Warp Speed for Jobs." It will advocate for "federal and state policy changes that will help train more Americans for in-demand jobs, remove barriers to work, and double the number of visas available for legal immigrants." The U.S. Chamber Foundation is also expanding its "most impactful employer-led workforce and job training programs and launching new efforts to connect employers to undiscovered talent."
Quite so Mr Bond,
The other forms tend to be *****y to the extreme!
Kitco Gold Index.
US Mint Bullion sales rose 360% in May.
FED walks tightrope between big jobs gap and Rising Inflation.
The problem they have is complicated, by also not wanting to raise interest rates, and having to step in, heavily supporting Bond purchases.
Trapped by their own policy.
Somnamna,
I think it was just an exchange of views on a topic that related to other issues that both held different opinions on, no offense was meant by either to the other party, that just have different views on this issue.
Cowichan deserves answers to his questions, although like Mr Bond I have great reservations about the amount of money already spent on exploration for what seems to be very little return either now or in the future.
Indeed the argument now seems in favour of concentrating on running things properly in Eygpt after recent changes to investment and development laws and offloading other resources in West Africa ideally for a reasonable price.
Martin Horgan has a bit of a task of restoring the operational capabilities of Sukari in order to become a flagship mine Sukari offering great potential, although instead it has narrowly avoided becoming unworkable, if Sukari went down then these other west African satellite reserves would be pretty meaningless as far as the share price was concerned, at present they are just money pits rather than money producers!
Sort out Sukari, that should be the priority for now, in my opinion.
Rebess I agree.
It shows just how important it is to maintain confidence in the US $ as World Reserve Currency.
The need to divert attention from inflation threats, it is a battle to the end for the US FED and Banking institutions.
They may even partially succeed .
Whether it is intended manipulation or not ,one can only guess.
Quite so Mr Gnome, but then the Brexiteers will be rejoicing this big deal by Boris s heralding in a new dawn for the UK which might lead to 0.02% in 15 years!
Oh yes it's easier for Bits under 35 to move to Oz and vice versa?
Oh you will be able to buy UK made cars (What UK cars they are European) and Scotch whisky more cheaply!
Trade secretary Liz Truss said: “The UK exported £5.4 billion worth of services, including £1.4bn of insurance and pension services and £780m of financial services, to Australia in 2020.
Oop's when Scotland gets independence and rejoins the EU Whisky tariffs will apply to Oz!
In the meantime the Irish backstop problem still remains and our UK ports are in such a state of congestion that thousands of trucks are being parked up in hastily built truck parks that don't conform to UK planning regulations which is causing light , noise and air pollution to nearby residential areas!
An article in Politico last week stated EU officials and diplomats were discussing an emergency plan to solve the impasse over the Brexit settlement in Northern Ireland that would see Ireland’s access to the bloc’s single market for goods restricted.
Mairead McGuinness rejected the suggestion, saying: “There is no interest here at the Commission or in the European Union to make the problem an Irish problem because clearly this is a Brexit problem.
“It is a decision of the United Kingdom, which they took in my view without due consideration of the wider implications and what we’ve been trying to do since that date of that referendum is work towards agreements with the United Kingdom to minimise the disruption and the damage.”
She continued: “I would like to stress very clearly that that is not on the agenda here, and that there is again and remains huge sensitivity for the island of Ireland and Ireland as a full member of the European Union.”
Commons Speaker Lindsay Hoyle angrily reprimands Downing Street for giving a COVID-19 press conference before addressing MPs!
I can't understand how Boris gets away with this, it's like something from a Monty Python sketch!
Mr Bond I am sure it was not meant badly but part of your post came across as a personal insult to Cowichan.
I agee 100% that differences of opinion and debates are healthy.
You are both valued members of this board and for me it was sad to see.
Somnamna.
Apologise, for what ?
Differences in opinion, are normal and healthy.
I have not insulted nor used misleading information.
This is a BB ,read some other BBs, then you will see this one is gentlemanly and ladylike, in its tone.
Commodities: - Base metals getting slaughtered today. - Agricultural yesterday. - It seems like the levers of manipulation are everywhere. - As inflation becomes a problem, we're gonna see a lot more of it I feel in attempting to control price-inflation. - Once again highlighting just how much control there is in supposedly free-markets. - Scary or what? - So, it's not just Gold. - It's everything!
Seconded
Cowichan, thanks for your informed and intelligent posts about Centamin and its prospects, they like any others relating to how Centamin and gold might move, and what might move them, are always appreciated.
You are a stalwart of this board am sure MrBond who seems a good sort if he took the time to reflect would be man enough to apologise for his crass posts.
Macron is not the smartest guy in the room, or the most worldly. MIstake a day seems to be his mantra. Good luck to the French, you get what you elect. We are suffering downunder...but apparently we are doing so well. A lot of small businesses wil shut their doors, especially if another shut down is called by the Chief Health Officers.
Boris sells out again!
The UK’s new trade deal with Australia will bring “fantastic opportunities” for Britain, Boris Johnson has said.
The prime minister hailed the agreement, which the government expects to grow the economy by just 0.02 per cent over 15 years, as a “new dawn” for Britain.
A statement released by Downing Street on Tuesday morning said Mr Johnson agreed the main elements of the deal at a meeting with Australian Prime Minister Scott Morrison in Downing Street on Monday night.
Under the deal, tariffs trade will be removed, but there will be a cap on tariff-free imports for 15 years.
The free trade agreement also makes it easier for people from the UK under the age of 35 to live and work in Australia, though the details are yet to be released.
But British farmers have warned that imported Australian food produced at industrial scales and to different standards will drive them out of business.
The government says that the UK-Australia trade relationship was worth £13.9 billion last year.
“Today marks a new dawn in the UK’s relationship with Australia, underpinned by our shared history and common values,” Mr Johnson said in a statement.
“Our new free-trade agreement opens fantastic opportunities for British businesses and consumers, as well as young people wanting the chance to work and live on the other side of the world.
“This is global Britain at its best – looking outwards and striking deals that deepen our alliances and help ensure every part of the country builds back better from the pandemic.”
Trade secretary Liz Truss said the deal was “a fundamentally liberalising agreement that removes tariffs on all British goods, opens new opportunities for our services providers and tech firms, and makes it easier for our people to travel and work together”.
On Tuesday morning Cabinet Office minister Michael Gove responded to farmers’ concerns about the deal by arguing that the proportion of meat coming from Australia would be a "pretty small" part of the country's overall production.
"It is the case that there are some practices in Australia that we wouldn't allow here but it's also the case that we have restrictions on some of the products that can be brought in because of our particular public health requirements,” he said.
"The other thing though is that the majority of Australian produce goes to Asia. That's their closest market, it's a growing market as the demand for protein, for beef and lamb, grows in Asia.
"The proportion of Australian meat that's likely to come to the UK is going to be a pretty small part of their overall production.
"So, you know, it's also the case as I understand it, that Liz Truss in the negotiations has secured a commitment from Australia to work with us on high animal welfare standards and I think that's a good thing."
On Tuesday Mr Ashworth had told the Commons: "Our borders were secure as a sieve and all because the Prime Minister wanted a photo call with Prime Minister Modi!
Monday, 6/14/2021 14:18
GOLD PRICES extended a decline to over 3-week lows on Monday, falling as the US Dollar held at 1-month high on the currency market while the G7 group of Western nations ended its summit in Cornwall, England vowing to counter China's global influence, writes Atsuko Whitehouse at BullionVault.
Also discussing debt relief and investment in Africa, the G7 Summit saw France's President Emmanuel Macron call for the International Monetary Fund to " sell some of our [joint] gold reserves...because [they] have risen in value because of the [Covid] crisis.
"We should give this excess profit to the poorest countries, particularly in Africa, that need it today," Macron went on, echoing calls made during the global financial crisis of a decade ago which resulted in sales to India's central bank.
"Not in 20 or 30 years. Today."
New data meantime say speculators cut their bullish betting on gold for the first time in almost 2 months last week, ahead of the US Federal Reserve's decision on interest rates and possibly "talking about talking about starting to taper" QE money creation and bond purchases this Wednesday.
Spot gold prices dropped as much as 2.1% to hit $1854 per ounce Monday lunch time in London, the weakest since 19 May.
Prices for silver, primarily an industrial metal, fell only 0.8% in contrast to $27.69, albeit reversing last week's gain.
"The price action suggests that the speculative market was heavily long [on gold] as of Friday and that the culling of positioning continues in Asia today," a market analyst said to Reuters.
Latest data show that hedge funds and other leveraged speculators in Comex gold futures and options in fact cut their bullish betting for the first time in eight weeks over the 7 days to last Tuesday.
Despite also trimming their bearish bets as a group, that pushed the net long position of Managed Money traders down 2% from the biggest since the biggening of 2021.
Macron seems as out of touch with the exploitation of gold mining workers in some countries and the price manipulation by the paper sales on Comex!
Hi Sotolo,
Yes I agree Cowichan is a decent well meaning chap with great integrity who works tirelessly to keep everyone informed but then we are lucky enough to have a number of other members of a similar nature!