We would love to hear your thoughts about our site and services, please take our survey 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.
Major European stock indexes traded higher in the premarket session on Friday as investors come from receiving the latest decision from the European Central Bank authorities of leaving interest rates unchanged one more time. During the day, relevant economic reports from Germany, the United Kingdom, France, and Spain will be published.
The FTSE 100 rose 0.14%, the Euro Stoxx 50 added 0.87% and the CAC 40 went up 0.54% at 8:00 am CET.
The euro lost by 0.14% against the dollar at 7:58 am CET, selling for $1.07108. Meanwhile, the pound traded 0.10% lower against the US currency to go for $1.25408 simultaneously.
Baha Breaking News (BBN) / AC
Happy Friday y’al
Enjoy your weekend.
Gold having reached a new all time high is currently trading at $2386.35
Gold hits new all time high at $2395 an oz
Well looks like our holding is in for another good boost.
I'm so glad I didn't listen to the ne sayers 8 months back.
Upwards and onwards .
GLA
Https://www.metalsdaily.com/archive/archive/ross-norman-where-the-buying-is-coming-from-/352537
Gold and silver shooting up - tomorrow should be a good day for CEY.
Yes and as I said it’s easy to trade in a rising sp- I didn’t lose I missed out on a gain.
Of course, it could drop at the open, as anything can happen overnight, so any new gain which I’m currently on could work out to be a loss.
That’s the gamble being in overnight.
But there are no scheduled RNS and the PPI was reported as good and the geo stiff generally doesn’t get better overnight as is generally more planned when it’s good news.
Just playing the odds- but caveated as nothing is “inevitable “.
Happy trading.
That's not bad then Steve if you "got it wrong" and it only cost you 1.5% .
Hi Lucky,
Fantastic analogy, yes the lending of the wheat seeds worked very well, problem is today for our bankers that it doesn't work with leveraged up sacks of paper seeds!
kind Regards
Tibbs
I didn’t expect cey and gold be stay as strong and drop further - there are other factors beside just economic.
Plus the fed pay attention to pce- so need PPI and cpi.
Just thought it would drop further so bailed.
Missed out on about 1.5%
But none of us should complain-
It’s easy to make money on trading when sp keeps rising like it has done recently
So it only cost you a couple of pence more to get in then? I think it cost me 3 or 4 pence more when I got it wrong. Despite missing out on the jump from 111 ish to 115 ish :-( at least it has climbed a bit since then.
You sold on the data----so was the data wrong or did the market pretty much ignore it? The latter I guess?
You could prob tell from my posts that I went in on the PPI data :-(. Half just before then scrambled to get the rest in as quick as poss. If it was bad I’d have dumped the half I put in just before
Did you get back in Steve or are you waiting?
Yes LuckyLucino and the way out is Bankruptsy , with in many cases was a legal transfrer of money to a family member.
Many years ago it was workhouse or dungeon or later throw yourself out of a sky scaper window,now there is no shame or even feeling sorry ,just take advantage and walk away !!!
In the title.
I am sorry guys, I like to take a more ideological view of what/where the problem is and why there is not and never will be a solution to this crazy capitalistic debt crises.
I am not a Muslim but the very concept of interest rate is where the problem lies, we can go back to Jesus and the Jews, but in my view it is mentally a delusion to think to be able to set a rate of return (whatever it is) on money lending....fast forward to these days and we fins our selves in this mess, where at some point most recently they even invented negative rates, fortunately not for citizen bank deposit...not yet. Its clear that the master of the financial universe up there don't know a squat about what they are doing, or they know it very well....of course.
The history of the concept of interest rate, is said to be coming from the use of lending seed for growing wheat or other plants among farmer, many centuries ago. It worked like this, I lend you a bag of wheat seeds and when you harvest you give me back 2 bags. The system worked with the laws of nature, where possibly everything was flexible and if that year there was no crop I suppose there was no 2 bags coming back to the lender.
With bank rates we pretend to be able to forecast the law of nature, by extending the lending periods at lower rates as if that was a solution, but we all know is just kicking the can down the road, gov debits are getting bigger and also personal debit for most of us. So I am done with trying to change politics, and getting involved ....the system for me (the capitalistic system based on borrowing) is a deluded thinking creating many mental disorders and pathologies all round.
All in the name of money and the have and have not.
Total madness.
(Kitco News) - The gold market continues to ignore solid U.S. economic data has it hold initial support above $2,350 an ounce even as the U.S. labour market remains relatively healthy.
https://www.kitco.com/news/article/2024-04-11/gold-price-remains-above-2350-weekly-jobless-claims-fall-11k-back-its
A year ago cey was at this lvl, taken 14 months to return to it
I accept this is not for “long” who generally have a lot of different metrics and points they follow- which they are skilled at.
I’m not skilled at this- this is why my main pension is managed by others as are some other investments.
Like I have said a million times before, if you trade, play the data is the best way.
Getting hung up on cliches like “it’s a bit toppy”, “it’s oversold or overbought” and so on, matters not as they are past events - focus on immediate ones- these are generally far better predictors.
Accept not 100%, but probable and likely.
Lol- trade it, who cares on the in and outs, it's data and CEY is continuing to climb.
PCE, which FED rely on, won't be as bad now after CPI due to the PPI.
Steve I give up. Commodity input prices such as oil and silver are way up this month so they rally on older data when they were lower and drive commodity prices higher.
A bit under which is generally supportive.
Hi Tony,
Glad that you found it interesting, I only wish that more people would challenge their political representatives, unfortunately they don't and this is why most of the political parities when in power are able to keep making the ordinary people pay for their governments failed policies and the incompetence and greed that is the banking sector and the stock market!!
We also need proportional representation in the UK !
https://makevotesmatter.org.uk/sign-petition/
https://makevotesmatter.org.uk/
Hi Tony - do those RSI numbers take into account the rise in the GP?
Mr Tibbs,
I could not agree more with the reforms that are needed in that article. We have politicians and bankers effectively writing their own contracts on how they serve themselves rather than the populations which they should be privileged to serve.
Tony