Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Major European markets are set to open mostly higher as investors prepare for a week packed with economic data.
During the week, market participants will receive the latest Eurozone trade balance figures, as well as the expected UK and Eurozone inflation reports.
At 8:02 am CET, the DAX lost 0.12%, while the CAC 40 fell 0.10%, and the FTSE 100 rose 0.23%. The pan-European Euro Stoxx 50 was flat.
At the same time, the euro and the British pound were up by 0.22% and 0.18% against the dollar, selling for $1.05307 and $1.21673 simultaneously.
Baha Breaking News (BBN) / JG
Gold currently off by .89% at $1913.00
Happy Monday y’al
Subsequent to the arrival of western colonists in Australia the aboriginal people have moved from a harsh, subsistence lifestyle to a more modern life leading to a large increase in life expectancy, a dramatic reduction in infant mortality and access to modern health and general lifestyle conveniences that we all take for granted.
In their 60,000 years of pre-western exposure they were unable to develop any of these things for themselves.
Your criticism of Australian people as a whole simple demonstrates another example of your uninformed, ideological bigotry.
Before you insult an entire nation maybe you should at least “fact check” your assumptions as you seem so wont to do on other issues - you muppet!
Egypt/jordan/turkey/saudi/emyrates,have i missed any
steer clear of anything associated with hamas or ezbollah(both iran backed)
No Siko carry on .
Your views are correct and most apprciated,
Thank you.
Siko,
it's impossible to defend Egypt's position , so the only option is to end debate - that is fine, just don't expect democratic minded people to gladly support Sisi's decision to prevent Palestinians from leaving - there is no 'seeing' Sisi's point of view - Sisi is a ruthless dictator that cares even less about the Palestinians than he does Egyptians - the tens of thousands of political prisoners his regime has arrested, jailed & tortured over the last >10 years is but just a little proof
Well Cowichan.. I have expressed my views politely and in an appropriate manner (I think and hope so).. and of course you had all the right to disagree and reply accordingly, so we could all express our views and have an informative exchange about this subject which have many sides for the story.
But as your tone and words were inappropriate (and I'm being polite here), so this is the last you will hear from me about this subject.
I knew I should not have spoken..
That is the most stupid & heartless justification an idiot could think of
so here's the scenario:
I am a Palestinian waiting at the Rafah border - it's because I want to leave - which should be my right
nobody, not Sisi nor Israel nor Americans can tell me I'm not allowed to leave - I want to live , and if that means I live someplace other than Gaza under Hamas dictatorship so be it
now to claim Egyptians are united in preventing Palestinians who want to leave from leaving is either a) an indication a whole nation is heartless or b) an indication Egyptians would rather Palestinians die than give what they perceive to be a 'win' to Israel
either option is a disgrace to any nation - but hey, if Siko says it's true who am I to disagree
additionally , I don't buy the crocodile tears anybody would express at the plight of Palestine while they hold the view Palestinians shouldn't be allowed to flee into Egypt and beyond -
I doubt Islam condones allowing innocent people to die for the sake of one's hatred of the Jews - but hey, maybe it does
Maybe justice.
Mr Tibbles ,attitudes change.
Mintabie an opal mining area was given back to indegenous people , no ,more mining there for outsiders .
They had to leave by a fixed date, if their equipment was not out by that time it was left
Hi Mr Gnome,
Australia should be ashamed of itself, after all the indigenous people have been treated appallingly ever since the invasion and occupation of Australia by colonial ists
Cowichan.. (Why Egypt/Sisi will not allow the Palestinians to flee through the Rafah Egypt border?)
To answer this question from Egypt's point of view, it will require taking sides, which I don't want to do on this forum as it's not the place for it.
But as BushyTailed said (They will never be allowed back).
It may look harsh from the view of people who don't know the full details/history, but I and most Egyptians reject any plans to displace Palestinians and fully agree with the government decision. Even my Palestinian friends agree. There are no calls at all in Egypt to open the borders to let Palestinians in. The calls are there to let the aid through, and huge aid convoys are waiting to cross, but we are still waiting for a guarantee for the safety of the convoys. The Rafah crossing was heavily bombed on the first day as a clear message.
I could tell you alot about what's going on, more than what you watch on the local biased news, but let's keep the forum for what it's for..
Siko
Israel-Palestine conflict is in the Middle East, and it is likely that Hamas did not act alone, as Israel has never stood alone. The emotional network that flows from the ME is extreme, and we can even see and feel in Oz.
Because every brother knows that as soon as they leave, they'll never be allowed back.
I think all who post on this forum agree with you regarding the atrocities in Israel & Palestine
Many factors will push the price of gold around, Ukraine has endured 600 days of Russia's onslaught with hundreds of thousands dead collectively and tens of millions forcibly displaced - one could argue that gold should have been affected more so by that much larger conflict
Some theorize that it's US longer term interest rates spiking that is currently spiking gold - counterintuitive as that may be considering gold has no yield (if held at home in a piggy bank)
I do hope Egypt's Sisi (and those demons Hamas )will allow the Palestinians to flee through the Rafah Egypt border - why Egypt a fellow Arab nation would prefer to see Palestinians whom they count as 'brothers' go hungry and possibly get bombed is beyond comprehension - if Israel really is an apartheid state then by the same token so must be Egypt
Well done Engeeeeerlaaaaandd!!!
A very good post Silko and some balanced perceptive posts that follow.
Sadly the world seems be run by extremists.Hitler came to power as a minority party,
The rest is History .
I do feel somewhat downcast .The fundamentals for cey seem excellent .
Completely agree. I have a number of PM holdings due to my bearish sentiment on a number of macro matters.
Conflict being only one of them.
I can honestly say I would rather gold was not at such elevated levels due to both conflict and the state of our fiat currencies.
But sadly I think both are only going to deteriorate further, at least for a few years anyway, and so hopefully PM's will provide a small degree of a hedge if this is indeed going to play out.
This stock market stuff means absolutely nothing, let's be honest.
Anyway, we can but hope for some kind of resolution soon. However unlikely a long term solution will actually be, all things considered, IMO.
My greatest hope of all to be wrong on that one. GLA.
Hi Siko,
As always it is good to hear from you, I agree entirely with you, the atrocities that Hamas has and are still committing show what scant regard they have for the ordinary people of all nationalities, my thoughts are with all those people in all the areas of conflict the world over who are powerless in many respects to influence the vindictive and aggressive actions of their dictatorial leaders and yet it is the ordinary innocent people and other living creatures who always suffer the the consequences.
What is so regrettable in this Gaza conflict is that their was growing attitude amongst many Israelis who wanted to get rid of the ultra right wing attitudes that exist in the Israeli government, but sadly now I fear their cause is greatly weakened, possibly lost as the hard line right wingers seem now to have the upper hand and seem intent on wanting to inflict such harsh and unjustifiable retribution upon the ordinary people of Gaza that any hope of reconciliation will likely be lost for decades, passible for ever!
I am sure that you are aware that the majority of your forum friends are appalled at the atrocities, even war crimes that are being carried out in this Gaza conflict and take no pleasure in seeing the POG or a share price rising as a consequence.
Stay well Siko
Tibbs
https://www.amnesty.org/en/latest/news/2023/10/israel-palestinian-armed-groups-must-be-held-accountable-for-deliberate-civilian-killings-abductions-and-indiscriminate-attacks/
Siko well put
It's very sad to watch gold rising at the expense of innocent people losing their lives..
I know that some people are happy that gold is rising.. Some even wish the war intensifies so that gold goes higher..
Just remember, with every dollar the gold goes up, a few children die in the arms of their parents..
They are human beings who deserve to live a life like yours.. If you look at them in any other way, then you need to think again..
You could always make money later.. but those lives will never come back..
(Sad Siko)..
Egypt’s bread subsidies are unsustainable
But with inflation soaring people can afford few alternatives
Nearly two-thirds of Egypt’s 106m-strong population rely on subsidised bread. Partly as a result, they devour about three times the global average per head.
Bread subsidies are already expensive. They cost $2.9bn in the past fiscal year, 2.6% of the budget. Only half of the grain Egypt uses is grown domestically;
https://www.economist.com/middle-east-and-africa/2023/10/05/egypts-bread-subsidies-are-unsustainable
------------------------>>>>
Egypt's latest inflation figures were yet another record at 38% for September
https://www.reuters.com/world/africa/egypts-inflation-quickens-record-380-september-2023-10-10/
Another Arab Spring type uprising is certainly possible given so many Egyptian's are hanging on by a very thin thread
Country diversification is all the more important for Centamin today - but I don't see Doropo being economically viable unless more gold is found (yet I don't think they are even looking at the moment) so what will become of Doropo ? Another Batie West/Konkera loss ?
Hi Bob, I think most forum members , certainly long term holders will understand exactly your comments.
Kind Regards
Tibbs
Thankyou for your kind comments, much appreciated. Rereading my post I hope nobody took my explanation as defending the appallingly bad governance of Horgans predecessors at Centamin . My concern currently is that unless Centamin shout loud and ckear as to how the waste strip has progressed or progressing with the share price in the current doldrums with future AISC costs falling it would be an ideal time for a oredator to make an unsolicited bid before the market took on the better news on both counts. Lets hope not but not holding my breath.
Bob
The five major forces that Dalio says always lead to the tectonic shifts are in play ...
First force is the build-up of government debt, which Dalio says historically leads to economic crises as governments struggle to attract borrowers with ever-higher interest rates, and they invent crisis to distract citizens from their depressing realities, buried under well leaning indices ...like cpi...
the big story on Thursday night was an auction of 30-year US government bonds, which saw weak demand despite a price of 4.837 per cent, the highest-yielding long-bond auction of its kind since 2007. hmmm ... not so appealing in the context of our times?
Dalio’s second force is political conflict inside countries, as the extreme left and extreme right battle over growing inequalities..we know the US is approaching civl war and alarming levels of stupidity from those that should know better, 13 per cent of Australian households don’t have enough income to cover their mortgage payments and expenses, having followed the advice of the Reserve Bank a few years ago!..and the government throws another $0.6b on a poorly articulated cause of referendum, called the VOICE, when it should have been called the MESS.
Dalio’s third force is geopolitical conflict,..enough on that..Ukraine, Israel, and common participant the saviour of the universe, the USA
The fourth mega force is acts of nature, such as natural disasters and pandemics..we have predictions of a red hot summer full of flames ... etc.. although we have floods and very low temperatures...media predictions have been shown to be a tad unreilable?
Dalio’s fifth force : “The force of humanity’s inventiveness, most importantly in inventing new technologies.”.. well hopefully we can get a lot more productivty and social impact out of the internet than lots of likes, impressions, fraud, false news, and legions of useuless hackers.
So the fiat printing machine is in full swing, debt which no one is investing in and and gold should be fabulous
dont despair, but do your own research...
the gnome
Hi Bobliz,
Good to know that you are still popping in for a look and especially as a long term holder to take part in the ongoing debate.
Your right of course about the initial challenges to getting the Sukari mine established, its still not that easy even now after the recently reformed Egyptian mining code trying to run a mining business in Egypt whilst at the same time having to cope with all the governmental departmental and judicial bureaucracy, not to mention the power struggles and corruption going on behind the scenes.
But all that seems rather less significant now when compared to the environmental changes our planet is experiencing, and yet if that were not enough there are those world leaders who rather than working together to create solutions to the environmental challenges with the breakdown of society and the worlds no longer fit for purpose monetary and market systems choose instead to compound the global destruction by waging war on one another!
Its depressing to say the least.
Keep well
Tibbs