Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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It would definitely seem that the unsettlement between world leading countries is causing the POG to advance.
Good post, thank you.
two interesting articles in today's Times, indirectly linked to the price of gold.
The first entitled "alliance of Autocracies leaves US out in the cold" and the second "Chinese bribed Nigerian militants for access to mineral reserves" which are smuggled out.
The first refers to the Arab world coming together with Iran (an ally of Russia), the second shows China exploiting other countries' wealth, whilst keeping the politicians happy.
So the first is about autocracies and self-interest/ self-preservation. The second about trade, bribery and corruption, in short self -interest trumps legislation. Timothy Snyder interview 19th February on Putin gives you the autocrat's thinking, as well as fear of the law and order in the West. But he misses the Chinese argument that Western laws are made for the good of the people, but then exceptions made which negates them. So Free Trade is circumvented by patents, copyright, import duties and controls etc. Laws on monopolies and monopoly pricing, but no laws on restricting supply, and exceptions for brands and packaging etc, laws on taxation, riddled with laws covering exemptions and get-outs for those who lobby. The one thing the exemptions have in common is to preserve and protect the status quo. China believes it has to ignore the these laws, and has done so. Now it wants to break the US dollar, which has allowed the US to borrow and spend beyond its own means. China has persuaded UAE and now Brazil to accept Chinese currency for their exports. It's likely that it has promised two things. Stability in volumes and prices for a certain time. And guaranteed the strength of the Chinese currency. The first appeals to a country that has seen fluctuating volumes and prices thanks to "Free trade". The second had to be done, given the Chinese grew their Economy by depreciating its currency. It can only guarantee its currency if it is underpinned. probably by gold It really might have "promised to pay the bearer".
So it is amassing gold, through its own mines, Russia's, with Nigeria being an illegal example, though the article suggests that there are others in Africa as it has sought the help of Blackwater Security's Erik Prince to protect Chinese companies in Africa.
lol
No doubt this tread is becoming confusing, I am trying to understand if political parties and freedom of speech, has something to do with gaps in POG...
Sticking with the post headline, imo "gaps" in a price chart are only relevant when unjustified.
Not every gap get filled, apparently depending at what stage of a price action it forms...but no doubt a price gap where the fundamentals/data are not justifying the price value, are more likely to get filled.
The only gap I see on POG is on the 12 March and is a very tiny gat $1.45 hour or $1.40 day (this from my chart platform data, been investing.com)
Who knows if POG will go so low, if Friday little drop is due to good financial numbers from bank, overshading bad retail sales, imo its irrelevant for POG and the drop can be a healthy correction.
To close this tiny gap POG needs to drop to $1874.25, implying USD Index back at 105 levels
Quite so Paul!
Things are looking much better since Martin Horgan started to run Sukari properly after the pile of crap that the the previous bunch of carpet baggers left behind!
Keep well!
Tibbs
The dynamic expansion of BRICS and SCO nations as they continuously form new relationships, united in a common goal of economic betterment away from the US dollar hegemony.
https://www.youtube.com/watch?v=xnHxRF937Rg
What is an example of a hegemony?
Hegemony can refer to a dominant nation or culture, but also the dominance of a particular ideology or way of thinking. For example, in the early 1990s, the United States exerted hegemony over the world by promoting neoliberalism as the only acceptable way to think about economics.
Be interested to see your proof on your accusation of political party funding?
FullFact aren't funded by any political party and if you care to check the you will find they offer analyse and check statements and policies from all the political parties and media channels.
As for being naive then Spoonington possibly you might like to reconsider if your views on Mr Putin and his war crimes in Ukraine?
Strange how Spoongton is always right but never offers any credible evidence or even evidence at all to support his statements?
Well Mr T. I cannot say that the regular, usually Friday afternoon spankings are enjoyable, but so much easier to take recently. If you can take a $35 spanking and still finish above $2000 , it looks like gold is getting a bit stronger. Our profits are linked to the price of gold and if we can get AISC down, even better.
I've said I'd be happy for the share price to stay around this level for a bit longer, especially if our profits and dividends go up due to the price of gold holding at this level or maybe rising to $2050. Then we should get a reasonable dividend, there should be more money in reserve for whatever Centamin want to do, and it would get Martin Horgan a bit more breathing space for taking on the waste clearing.
I cannot say I have been happy with the wall clearing costs and the lower dividends, but I think the former needing doing to open up things quicker for easier, lower cost mining in the not too distant future.
Have a good weekend Mr T.
The Daily Telegraph: Artificial intelligence chatbots may be able to correctly predict the movement of stock prices by instantly analysing news headlines, research has claimed.
Subscription only:
https://www.telegraph.co.uk/business/2023/04/14/chatgpt-can-beat-the-stock-market-professor-claims/
Yes they just have to be impartial, they would in no way be motivated to align themselves with the interests of the parties who provide them with the funding they require to operate. Maybe ask them to check the definition of naivety?
No doubt today USD move smells of manipulation, what a great opportunity trying to push the USD index up in sink with banks earnings.......
Incidentally: https://www.investing.com/news/stock-market-news/sp-500-slumps-as-fed-rate-hike-fears-overshadow-earningsled-rally-in-banks-3056042
The recent bank turmoil did, however, have an impact on banks, with JPMorgan and Wells Fargo reporting a 7%% and 8% decline in deposits from a year ago.
Hence take away 7/8% from headline profit please.
Gold and Silver Drop from 11% and 25% Monthly Jumps But Ratio Falls to New Year Level
Friday, 4/14/2023 14:38
GOLD and SILVER PRICES fell hard this afternoon in London, dropping from what would have been a new all-time record Friday finish and the highest weekend level in 21 months respectively as longer-term interest rates jumped despite new data saying that US retail sales shrank badly last month.
Betting fell back that the Federal Reserve might not raise its key target rate again next month as 10-year borrowing costs in the Treasury bond market jumped to the highest in 2 weeks as giant US financial services group J.P.Morgan reported record quarterly revenues, with profits for Jan-March jumping by more than a half from the same period last year.
https://www.bullionvault.co.uk/gold-news/gold-silver-041420232
Remember
J.P. Morgan .P. Morgan do during the Panic of 1907?
J P Morgan purchased $30 million in city bonds, discreetly averting bankruptcy for the city. Moore & Schley, a major brokerage, nears collapse because its loans were backed by the Tennessee Coal, Iron & Railroad Company (TC&I), a stock whose value is uncertain.
Who Runs the Fed?
The Federal Reserve model undermines economic well-being by concentrating power—and therefore wealth and income—in fewer and fewer hands!
https://www.dissentmagazine.org/article/who-runs-federal-reserve-2008-crash
During the period that I was unfortunate and stupidly enough too be involved in CFD trading it was the norm the majority of traders and retail holders to close their positions over the weekend to avoid the inevitable getting knocked through their stop losses and out of a position by gap up or down on the Monday morning open.
Stop losses are a complete joke because the Market Makers can see them and most retail investors make the mistakes of not realising that although the market is closed as far as they are concerned in reality it is open to the privileged over the week end.
So today's close with the spanking of gold was really most likely, the Yanks want to protect their dollar over the weekend!
There is not one algo there are more, if you pay and are accepted you will access one.
The quality depends on how good the programmers.
The large Bankers and wall street , of course can afford the best. Why buy a Ford when you can buy a chevvy.
They algos are tipsters ,if suficient idiots make a trade ,they may find the rug pulled from under them, for the benefit of ? :-)
It works both up and down on the latest news, like today with Gold price , not just traders out ,it was US consumers ,less for March. Nothing that important.
Trading is not like it was years ago. ;-)
Just wondering--If the algos are so sophisticated now, do they factor in the traders exiting for the weekend? Do the traders exit on Thursday night or Friday morning? When do they get back in?
Given that chess computers play at a level beyond humans now, wont the algos outsmart a trader???
Gaps mean nothing
There’s more gaps left unfilled than potholes in roads…
There was no "had to" about it. It's funny how chartists forget when it's doesn't happen and pipe up IF it does- the tealeaves lol- the volatility was very good over the past few days and great opportunity to make money- the data points made profit making possible, not the chart- had I listened to the charts I'd have made nothing as it was the same now as it was- so, as I say, the charts are useless for trading, this is more clear, up to date demonstrable evidence, that it is worse than flipping a coin.
1989-1991 is the only gap remaining.
The one I mentioned that was lower was a misread and apologies for that error. The gap to 2005-2019 got closed. Small 2 dollar gaps may not necessarily get filled for awhile.
The breakout the day before had to retreat today. I retained all positions as the miners report soon and that may influence how they get rated afterwards.
As usual those that control the Casino make sure the $ wins!
https://mises.org/wire/fed-not-good-idea-became-corrupt-it-always-was-corrupt
Hi Lucky,they are a registered charity and as such have to be impartial
https://fullfact.org/about/impartiality/
Plus the banks plus Michigan @15:00...
Not really and as expected- read my message from 13:53 today...
Interesting reaction, US Retail Sales comes out well below forecast and the USD goes up?
As to be a relief mini rally, after a dreadful week. Incidentally USD Index is playing with support at 100.680 day.
Next week should be interesting
My apologies for the off topic on (gold chart).
Hi mrtibbles
Thanks for the link but...no thanks.
Your link seems to have "org" extension and I wonder who is paying the bill of this organization.
Freedom of speech is a very much grey area, hopefully will never be regulated.
I wouldn't like that even a simple personal opinion, get policed by someone that as the means to prove differently, based on past information. Noting would change and the world would become more and more polarised by economic interest.
I do agree though, that the owners of social medias and those whom facilitate similar platforms, would take some responsibility for the negative consequences their platforms cause, to the lives of some individuals.