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If you run a vvehicle , better fill the tank.
Orices going up again.
This is normally followed by Gold Prices.
Hopefully.
At least the pound is going back up.
Wooden pole gets appointed. Pound starts falling against USD and euro.
The T and J show cant even make the gold market look half way decent, LOL. And the real laugh is they get paid to make and manage this sham? They should do some head counting and see that the big market is where there are more people, and when you put India, Russia, China, SE Asia together, thats about it. The gold is being accumulated in these countries and they all think it is time for a break from the ridiculous exorbitant privilege of the highly engineered flatulent US$? Africa deserves a break from the BS from the north, and they will have their rising sooner than one thinks.
Now to the clowns we have in Australia (move aside Tom and Jerry !~), with another wonderful Job Summit under their belt. The big NEW event to emerge from a few days of dribble, drivel and spit (The government will not rule out making multi-employer bargaining compulsory?!!), was to come out with an idea that failed 30 years ago, and to offer this up with the advice, that "this time it will be different"? Insanity with a suit and tie, and now near gender balance, LOL. Again people getting paid well to make fools of themselves.
About to be buried by the unelected unions, with disputes set to further hovel productivty (which is not looking good ...very sick really!)...Unlimited single sick days, “healthy option” meal allowances and a flat 15 per cent increase to night shift pay rates for station managers, upgrade new inner-city trains to union specifications, all now on the menu to boost...productivity further.
The lunatics have a firm grip on the asylum, and with any luck I will be able to catch the last boat of refugees to Singapore.
Tom and Jerry were really quite respectable.
best to all,
bury some bars int he back yard
the gnome
Hi Market,
You could well be right although neither of the candidates policies stack up under scrutiny ,
Sky News has hosted a live televised Q&A with Rishi Sunak and Liz Truss, as the Conservative leadership contest continues and party members prepare to decide who will be the next Prime Minister.
The wide-ranging ninety-minute discussion took in the cost of living crisis, the war in Ukraine, the NHS and more. We’ve taken a look at some of the key claims.
As part of Full Fact’s coverage of this event and working with the Sky News Politics Hub to share our live fact checking.
https://fullfact.org/news/sky-conservative-leadership-rishi-sunak-liz-truss/
Hi Gnome - Yes it's the 'Tom & Jerry duo (Comex/LBMA) controlling the world of gold for their own book. - Amazing that between them they are able to do this when the Comex only delivers around 1% of the contracts placed - The other 99% is just a casino play to accommodate their game of plunder..
The channel declines during the day. If Centamin fails to break resistance it is likely to drop back to 87p area during a quiet trading day. So far resistance holding.
Now hitting resistance.
This sounds like a thoroughly great idea ! It had to happen, why does the LBMA have so uch power....?
the gnome
Major stock markets across the European continent registered significant losses ahead of the first session of the week, with investors awaiting the latest business activity data set for release throughout the day.
Today's trading session will also be marked by the upcoming OPEC+ ministerial meeting, which comes following the G7's decision to introduce a price cap for Russian oil last week. Meanwhile, Boris Johnson's successor in the British prime minister post was scheduled to be revealed later this afternoon.
The DAX tumbled 3.35% in premarket trading at 7:09 am CET, while the CAC 40 plunged 2.78% and the FTSE 100 decreased 1.10%.
The euro dropped below $0.99 for the first time in the last two decades, selling 0.69% lower to trade at 0.98875 at 7:20 am CET. At the same time, the pound declined 0.51% to $1.14528.
Baha Breaking News (BBN) / ND
Happy Monday y’al
Labour day holiday in the US
Wall St. closed
Major stock markets across the European continent registered significant losses ahead of the first session of the week, with investors awaiting the latest business activity data set for release throughout the day.Today's trading session will also be marked by the upcoming OPEC+ ministerial meeting, which comes following the G7's decision to introduce a price cap for Russian oil last week. Meanwhile, Boris Johnson's successor in the British prime minister post was scheduled to be revealed later this afternoon.The DAX tumbled 3.35% in premarket trading at 7:09 am CET, while the CAC 40 plunged 2.78% and the FTSE 100 decreased 1.10%. The euro dropped below $0.99 for the first time in the last two decades, selling 0.69% lower to trade at 0.98875 at 7:20 am CET. At the same time, the pound declined 0.51% to $1.14528.Baha Breaking News (BBN) / NDHappy Monday y’al Labour Day Holiday in the US today,Wall St. closed.
Liz trust is great for gold her arrogant blindness of her polices , sell stocks and buy gold. what do i know just an opinion from an old boy and a bit of experience
Not sure how the UK market will react when wooden pole (Liz Truss) gets appointed as PM tomorrow. (around 1400 hrs)
Nice one Rebess.
How can anyone know the truth or just biased propagander ,from every direction.
All bubbles burst. South Sea, Tulip, Market Crash of the 20's and 30's Euro Snake. Sub Prime, Crypto. Not even Central Banks can hold the tide of mass market flow. If you don't study history you are destined to repeat it, and the digital age will accelerate that by some order. Hold gold
Bob
Hi Tornadotony
Many thanks for your views and thoughts appreciated........... Tony
I will hold some powder dry for another day..............like many I have too many in CEY
Here's looking forward to hopefully a more positive 2023 for CEY and for all
Kind regards
Mike
Apologies if this has already been posted - If not, I think you will all find it interesting.
https://www.zerohedge.com/markets/eurasian-alliance-plans-moscow-world-standard-destroy-lbmas-monopoly-precious-metals
Excuse keyboard slips.
Time for an Audit of we all know who.
Get on the web ,get real.
Buy and see the real price.
Think its easy to get a discount for tonnes, that many Central Banks need to cover their shorts .
Think again ,Physical is the real price.
If by december not covered much more expensive.
So now while there is time, more selling of Comex prices.
Its amazing.
Could it be another way of trying to reduce the Physical resourse value of AU of those that have and that have told lies about their Phtysical Holdings?
Think of the reourcussions of Gold Backed or Commodities Reserve Currency.
For those that think a little trivea maybe.
To ponder.
:-)
Mike
The honest answer is that could go either way. I have a lot on if it goes higher and I have a lot of cash to buy if it gets cheaper. I suspect gold has a higher probability of continuing what it has done before every FED hike and that is go lower. Centamin does not have the divi as a hook to hold investors. However, it may have its own news flow as we approach end of Q3. I am in the camp that Centamin will have a higher price in January 2023 and I remain positioned for volatility in the shorter term. The problem some may have if gold dropped to $1500 and it was £1400 in UK currency is to actually obtain gold in physical form. It would probably be just a paper trading play. Tony
Elliot waves, Kondratieff cycles the Fourth Turning’s thesis is “ Modern history moves in cycles, each one lasting about the length of a long human life, each composed of four eras—or "turnings"—that last about twenty years and that always arrive in the same order. In The Fourth Turning, the authors illustrate these cycles using a brilliant analysis of the post-World War II period.
First comes a High, a period of confident expansion as a new order takes root after the old has been swept away. Next comes an Awakening, a time of spiritual exploration and rebellion against the now-established order. Then comes an Unraveling, an increasingly troubled era in which individualism triumphs over crumbling institutions. Last comes a Crisis—the Fourth Turning—when society passes through a great and perilous gate in history. Together, the four turnings comprise history's seasonal rhythm of growth, maturation, entropy, and rebirth.”. Waves seem to explain a lot. As to next week hard to tell, Gold has strong resistance on the way down, at 1680, the bottom so often recently. If it breaks as seems more probable, gold will fall to the 1500’s or more and Cey will be on break even, whether that happens this week or this month who knows. It is possible but unlikely that it will find a bottom again at $1680. However as said before I believe that after a dramatic fall that will shake a lot of us out as we maybe see it halve again, then gold, given the cycles above, is going to be fab, and hopefully the miners that are here will soar far more than they tumbled, as long as shareholders haven’t been very diluted by emergency rights issues, and those of us in the world that survive wars poverty hunger and being killed, the results of a big post money printing depression.
Gnome, very interesting and great to post a link to someone who knows what he is talking about and not trying to sell us anything. I am a big believer in 80/90 year cycles (roughly the time humanity takes to forget). Try reading the Fourth Turning written quarter of a century ago which has been right so far and predicts that the end-event(s) of this cycle would occur anywhere between 2020 and 2026. Gnome, as Nial Ferguson says in your link, this is not a repeat of the 70’s but far worse. Over the last two years I have discussed with many friends whether we were in the early 1920’s again so roaring twenties to come after Spanish flu, or the 1930’s. I have come to the conclusion it is the 30’s. Gold will provide a safety net, but will we be secure with miners? My expectation is that gold will fall first, before soaring. However for us mine holders it may not be so rosy as in the fall, depending how far and long, Some the higher cost worse balance sheet miners like Hochschild may be knocked out, though I expect Centamin may hang on if an Egyptian revolution doesn’t destroy it. Interesting times and thanks for a link that isn’t from a snake oil charmer. I also find Ray Dalio informative. Finally David Graeber, author of a great History of Debt, last book was a fascinating history of the world that suggested Hobbes (we started wicked in nature and remain so, so need strong rulers) Rousseau,( we started good but society made us bad), and I guess Christianity (we started bad but can become good), are wrong as actually it is all circular ie cycles so sometimes bad sometimes good. And we are certainly at the worst point int. the cycle, I just think that whatever happens we are so lucky to have been born at the start of the long uptick so have lived through a great peaceful and expanding time with moreideas creativity and tolerance, and the world is getting worse now we are old so we can spit from the old peoples home if there are any to go to.
Tony/Soloto
which way is Cey heading next week or two down or up............
Cheers
Mike
Interesting chat
https://www.youtube.com/watch?v=Q2vqnpXWM0Y
The best is the magic wont be able to happen, recesson for Europe, UK.
History’s Biggest Credit Bubble Bursting at the Seams Feat. Bill Holter
https://www.youtube.com/watch?v=PDT9GhkDJds
https://www.omnicalculator.com/finance/inflation