Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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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.
The world's economic powers are meeting now at the International Monetary Fund, where crucial reforms for the global economy will be on the table!
For decades, governments and investors have spent trillions of dollars on activities that fueled the reckless destruction of nature. But one Latin American country can show the world how we can start to change that: Argentina!
As World Bank shareholders gathered in Washington for their annual spring meeting on Monday, discussions on economic policy options for Global South countries took centre stage.
https://www.independent.co.uk/climate-change/news/climate-disaster-debt-africa-world-bank-b2317573.html
This report sounded the alarm for urgent need for debt cancellation for climate vulnerable countries and a radical transformation of global debt management to address this pressing crisis.
The world's economic powers are meeting now at the International Monetary Fund, where crucial reforms for the global economy will be on the table!
https://www.reuters.com/world/americas/argentinas-drought-hit-fields-billion-dollar-losses-farmers-going-under-2023-02-16/
Ooops slight change in second sentence " Of course, most of us traders exited now for the weekend, especially has USA yet to open......"
Te latter affected by US retail sales dropping 1% in March and Friday profit taking.
Cey pretty much following.
IMO short term.
You can't link a drop in gold % to drop in CEY %- nothing works like this, there are way more factors involved. And these factors increase when the gold price is on highs(ish)... Of course, most of us traders exited now for the weekend, especially has yet to open, plus it's a Friday- US retail drop just released is "fogged" by fuel like earlier in the week... button to go back in is always at the ready though to see if the front end drops when US opens, despite the odd being marginally against it.
The climate crisis is here!
But Big Banks continue to pump billions of dollars into risky fossil fuels, fueling climate chaos and putting our entire economy at risk of collapse.
As the U.S. central bank, the Federal Reserve System (Fed), has a critical role to play in regulating these banks and protecting the stability of the U.S. and global economy. ??
That's why we’re joining other civil society groups in building a dynamic and widespread movement, working to ensure that the Fed understands the severity of climate risk, and takes bold action to mitigate it.
https://positivemoney.us/
A government working in the public interest doesn’t allow private companies to prosper whilst workers and families struggle to survive!
The truth behind fossilflation and climateflation, to show that cheaper, greener alternatives like solar and wind are well within our reach -
https://positivemoney.org/fossilflation-video-share-page/?link_id=2&can_id=7912b55e72d6174409e36b7a8226a78d&source=email-fossilflation&email_referrer=email_1868917___subject_2389407&email_subject=this-is-why-your-bills-are-sky-high-firstname-default-friend
CEY is simply tracking gold minute by minute. A $14 drop in gold nudges us down almost 2%.
If your trading the pattern might just as well buy and sell a CFD linked to gold.
How did that prediction work out for you