Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Major European indexes fell on Monday's premarket session in anticipation of the region's fresh data and earnings scheduled for this week. During the week, the Eurozone's inflation and consumer confidence data will be revealed. On the business front, Barclays, HSBC, Lloyds, Deutsche Telekom, and Allianz are among the companies that will share their results this week.
The Euro Stoxx 50 lost 0.20% at 8:00 am CET, the DAX declined 0.27%, the CAC 40 was down 0.16% and the FTSE 100 lost 0.11% at the same time.
At 7:58 am CET, the euro rose 0.09% against the dollar, going for 1.07866. The British pound increased 0.19% simultaneously to go for 1.26240, respectively.
Baha Breaking News (BBN) / DD
Happy Monday y’al
Gold currently $2021.32
So much for options theories and gold going down then lol- it’s gone up hehe. Yet again and again and again and again….. go on the data guys, not old cliches.
“ If so I would expect the Asian markets to bring the gold price down to London close after they fill their market gaps when they open”
Gold futures beating Nasdaq futures at the moment. No smoke without fire !
Thanks Tornado, I agree its with your verdict - basically golds bounce off of 1200 was just a "technical" trade we will see more pull back if inflation in the states continues to threaten. I can't currently see an end to that without serious job losses in the US - and that of course means even more serious job losses here !
Reading these articles tt would seem even convicted murderers in Eygpt are issued with a "Get out of jail free card" if they are rich enough and friends of Sisi, but if that were not enough then they are allowed to acquire formerly state owned assets that will make them even richer whilst the ordinary Eygptian people get even poorer and the Eygptian economy goes down the lavatory!
Kaldas pointed out that selling hotels will ultimately prove counterproductive in the state’s efforts to raise funds, as the desperately needed foreign currency that hotels bring in will now flow elsewhere.
Friend of Sisi Moustafa was convicted in 2009 for paying $2m to a former policeman to kill the Lebanese singer Suzanne Tamim, cutting her throat in her Dubai apartment.
After a retrial where he was sentenced to 15 years in prison, Moustafa served half that time before he was pardoned by Sisi, and his former conviction appeared little impediment to his newfound role as a broker for Emirati cash injections into the Egyptian economy
Egyptian billionaire convicted of killing pop star lover spared death penalty
Hisham Talaat Moustafa, sentenced to hang over death of Lebanese star Suzanne Tamim (( Moustafa was convicted in 2009 for paying $2m to a former policeman to kill the Lebanese singer Suzanne Tamim, cutting her throat in her Dubai apartment.)) ---->> https://www.theguardian.com/world/2010/sep/28/egyptian-billionaire-spared-death-penalty
Sat 17 Feb 2024 16.00 GMT
Moustafa is Egypt’s largest real estate developer, whose business empire has witnessed a rebirth since his release from prison in 2017, after President Abdel Fatah al-Sisi pardoned him of a murder conviction. His portfolio includes properties across Egypt’s new capital, the crown jewel of Sisi’s megaprojects, in addition to his hospitality arm, Icon, which owns several luxury hotels in Cairo.
His Talaat Moustafa Group (TMG) has now acquired seven heritage hotels across Egypt, including Mena House. This includes others that serve as monuments to Egypt’s recent past, including the Sofitel Winter Palace in Luxor, the Old Cataract in Aswan and the Steigenberger Cecil on the Alexandria coastline. International hotel chains continue to run the hotels, but Icon bought a majority stake in the Egyptian government company which owned them.
The Egyptian prime minister, Mostafa Madbouly, celebrated the $800m sale to Moustafa, who lauded the acquisition for bringing in foreign currency. He added that the sale was financed by “a well-known international strategic investor”.
Weeks later, the mystery buyers were revealed as the Abu Dhabi Developmental Holding Company (ADQ), a sovereign wealth fund based in the Emirati capital along with its subsidiary the Abu Dhabi National Exhibitions Company (Adnec Group), owners of the ExCel centre in London.
https://www.theguardian.com/world/2024/feb/17/desperate-egypt-sells-off-historic-hotels-as-it-dives-deeper-into-debt
16 February was options expiry in USA markets.
On expiration day, traders can employ various strategies:
Selling a bear call credit spread: This involves selling at an intraday top and profiting if the underlying stock price drops.
Selling a bull call credit spread: Here, you profit if the underlying stock price rises, especially at a possible intraday bottom.
The options expiry moved gold futures higher late on which implies selling on gold bull call credit spreads.
The gold market may open closer to where the price was when China was off for the week as a result in Asian markets. If so I would expect the Asian markets to bring the gold price down to London close after they fill their market gaps when they open. It then favours a small move up on gold so that all gaps are filled in the Asian, London for the USA markets open. We shall then know the true direction of gold on Tuesday imop. The miners could well be flat if such movements do occur with gold futures.
And the US markets are not "overheating" either, again based on data demonstrating economic conditions.
Blimey, a 0.48% drop on the s and p, 0.37% dow drop and a 0,8% nasdaq and you call this a collapse?
I think you need to look maybe at your use of language- I'd call it normal movements on the data delivered this week, caused this type of price action.
All very normal.
To help, below is an example of what I'd call the start of a collapse-
https://www.cnbc.com/2020/03/15/the-sp-500-futures-hit-limit-down-at-5-percent.html
HI all, any ideas why gold was up on Friday when stocks were collapsing because of the over heating US market. I would have thought gold would go down ? I note bitcoin took a dive late on - but that was well after the event ?? Gold mirrored silver at the usual half beta level. NDX fell in sync but never recovered. Palladium and crude seemed to be doing their own separate thing. I am a bit baffled - as usual the financial papers will explain all long after the event !
Dear Alexei Navalny:
"They killed you.
Today, millions of us are weeping with your family and mourning your memory.
Your courage is what dictators fear most, the courage that all dictators fear most, the courage that inspires people to rise up against tyranny.
And for that, you paid a high price: first poisoning, then imprisonment and now death.
Our world is holding its breath as wars rage in Ukraine and the Middle East. Facing these dark times, your legacy will give us strength. We will not look away while our democracies fade.
Rest in power,
People from all across the world"
-------
The Russian government has increased online censorship.
If you live in Russia or territories occupied by Russia, we urge you
to consider potential repercussions before signing and sharing this campaign.
Posted: 17 February 2024
https://secure.avaaz.org/campaign/en/navalny_tribute_loc/
Mr Bond,
i have answered as fully as I am able, although possibly not the answer that you want.
But let's be frank Sisi's regime is somewhat short of toleration of anyone who may dare to speak out
http://tinyurl.com/yzszdedv
ttps://www.amnesty.org.uk/urgent-actions/opposition-politician-s-health-deteriorating
https://www.newarab.com/news/egypt-35-members-presidential-candidates-team-arrested
https://www.reuters.com/article/idUSKCN1L826J/
However I haven't made any accusations of any Egyptians of corruption, I have refereed to the media websites where accusations of extortion are made by reputable NGO's and other aid agencies who have nothing to gain by making false accusations of anyone
You need to read my answer again, I am asking for some clarification of whether there is any substance or not in the allegations by some NGO's and other charitable organisations that friends or acquaintances of the president Sisi's family are operating an extortion racket by changing aid trucks over $5000 to cross into Gaza.
https://dohanews.co/charity-slams-egypt-linked-bribery-as-5000-demand-per-aid-truck-hampers-gaza-help/
http://tinyurl.com/4rv85hpr
If I don't get and answer from the UK foreign office via my MP then I shall be contacting the UN,The BBC world service and other media sources to see if they have any information regarding the truth
You avoid the question again ,I see.
Sat 17th Feb Alliance News) - China and the UK should "strengthen exchanges and cooperation", Chinese foreign minister Wang Yi told his British counterpart on the sidelines of the Munich Security Conference, state media in Beijing said on Saturday.
China and the UK have traded barbs in recent months over accusations of human rights abuses and espionage.
The Chinese foreign ministry said last month it had sentenced a British national to jail for spying and has previously blasted the UK's support for pro-democracy protesters from Hong Kong.
Wang told British Foreign Secretary David Cameron in Munich on Friday the two countries should "enhance strategic communication and play their due roles in promoting security and maintaining peace", state news agency Xinhua said in a readout on Saturday.
Wang warned that the world faced challenges including "resurfacing Cold War mentality, rampant protectionism, and sluggish economic recovery", according to Xinhua.
He called for the two countries to "strengthen exchanges and cooperation... and bring bilateral relations back to the right track of sound and steady development".
Wang is set to make a speech on Saturday at the annual security gathering in Munich, which brings together top diplomatic and military officials from around the world and is seen as a barometer of transatlantic relations.
He also met US Secretary of State Antony Blinken on Friday, holding what the Chinese foreign ministry called "candid, substantive and constructive discussions".
Peter Krauth, author of Great Silver Bull and editor of the Silver Stock Investor newsletter, to explore the rich history of silver as money.
The precious metal expert evaluate the current price of silver and analyse how the precious metal may be impacted by the gold price reevaluation, shedding light on what’s driving the massive outflows and industrial demand silver is seeing right now.
http://tinyurl.com/yvsx2wup
Embattled regional bank New York Community Bancorp suffered another blow Tuesday evening as Moody’s Investors Service downgraded its credit rating to junk status.
Moody’s said the downgrade was driven by concerns about “challenges” facing New York Community Bancorp after the lender shocked Wall Street last week by revealing a surprise loss on its exposure to the struggling commercial real estate market. The downgrade dropped the bank’s credit rating two notches from its previous level, marking a substantial loss of faith about the bank’s ability to repay its debt holders. http://tinyurl.com/ejfywffp
Appointment of a Centamin board member to another company, It's generally assumed the more 'experience' gained working at multiple companies the more benefit will somehow transfer to stakeholders in he other companies.
I'm not convinced, in my view it usually results in not paying enough attention to responsibilities in any of the companies involved and misguided or divided loyalties!
Director Manara Minerals
Jun 2023 - Present · 9 mos
Riyadh, Saudi Arabia
Manara Minerals Investment Company (Manara) is a new venture between the Saudi Arabian Mining Company (Ma’aden) and the Public Investment Fund (PIF) to invest in mining assets globally and support the development of resilient global supply chains.
https://www.manaraminerals.com/Investments.html
Hi Mr Bond,
If you were referring to my post on allegations of corrupt practice on the Eygptian/ Gaza border I have posted a reply to Siko if you care to check back.
I am awaiting a reply from my MP .
Tibbs
Hi3 bear,
I'm glad that I am not alone in appreciating that it is an error not to see the relevance of such geopolitics events and the influences on the valuation of gold and indeed the future profits of the company we invest in.
But that said that from what was being said on the BBC world service though last night and the opinions expressed in today's various media this despicable event in Russia may well cause an already very serious Ukraine war to escalate into something that may well affect the world order and the survival of our planet and all ts inhabitants!
World Wars have come about from such events in the past and from what is happening now it appears that lessons from whet happened then have certainly not been learned!
Tibbs
Mr Tibbs is absolutely within his rights to post this on here. It's a major geopolitical event. Well done Tibbs
Riddled
History of this share is wriggled with corruption why some many smart people keep hoping baffles me, great posts with good knowledge== old investor when we talked about golden flip flops 2012 never happen get out guys and Gals. x for my old mates on this board still keping my powder dry just
Sikpo asked you a question ,in his last post.
Is this your actual post? Or someone passed it on to you to post on his behalf.
I ask the same question now !!
This post that has come from you is completely out of context with all other posts and to say the least ,stinks of propagander and supposition. You never answered Sikos question ,but sidestepped to another political agenda. there is no conexion to anything to do with Centamin.
You sir ,do yourself great harm , if you persist. Have a good weekend you and everyone, try to clear your head .
The death of Russian opposition leader Alexei Navalny on February 16, 2024, further diminished a rapidly shrinking Russian opposition that has seen its members assassinated, sentenced to lengthy prison terms or forced into exile as Russian President Vladimir Putin makes it clear he will not tolerate challenges to his regime.
Jailed Russian opposition leader after a "pretty exhausting" 20-day transfer to a penal colony beyond the Arctic Circle. The Kremlin critic's whereabouts had been unknown for more than two weeks, but he is now in a penal colony in Russia's far north and has been visited by his lawyer, his supporters said. "Don't worry about me. I'm fine. I'm totally relieved that I've finally made it," Navalny wrote on X after arriving at the colony nicknamed "Polar Wolf". "I'm still in a good mood, as befits a Santa Claus," he said, referring to his winter clothing of sheepskin coat and fur hat and the beard he grew out during his transportation.
https://www.france24.com/en/tag/alexei-navalny/
Will not take long to back fill. Probably has as gold falls backs.
Similiar to Julien Assange ,in Bellmarsh, at least not in Guantamino Bay which is akin to death ,slowly.
Bellmarsh is a disgrace ,but the Government dosnt give a toss.
Alexei Navalny, the fiercest foe of Russian President Vladimir Putin who crusaded against official corruption and staged massive anti-Kremlin protests, died in prison Friday, Russia’s prison agency said.
The Federal Prison Service said in a statement that Navalny felt unwell after a walk on Friday and lost consciousness. An ambulance arrived to try to rehabilitate him, but he died.
Navalny was 47.
Navalny’s spokeswoman Kira Yarmysh said on X, the platform formerly known as Twitter, that the politician’s team had no confirmation of his death so far and that his lawyer was traveling to the town where he was held.
Navalny, who was serving a 19-year sentence on charges of extremism, was moved in December from his former prison in the Vladimir region of central Russia to a “special regime” penal colony — the highest security level of prisons in Russia — above the Arctic Circle.
His allies decried the transfer to a colony in the town of Kharp, in the Yamalo-Nenets region about 1,900 kilometers (1,200 miles) northeast of Moscow, as yet another attempt to force Navalny into silence.
The remote region is notorious for long and severe winters. Kharp is about 100 kilometers (60 miles) from Vorkuta, whose coal mines were part of the Soviet gulag prison-camp system.
Navalny had been behind bars since January 2021, when he returned to Moscow after recuperating in Germany from nerve agent poisoning that he blamed on the Kremlin. Before his arrest, he campaigned against official corruption, organized major anti-Kremlin protests and ran for public office.
He had since received three prison sentences, all of which he rejected as politically motivated.
In Putin’s Russia, political opponents often faded amid factional disputes or went into exile after imprisonment, suspected poisonings or other heavy repression. But Navalny grew consistently stronger and reached the apex of the opposition through grit, bravado and an acute understanding of how social media could circumvent the Kremlin’s suffocation of independent news outlets.
He faced each setback — whether it was a physical assault or imprisonment — with an intense devotion, confronting dangers with a sardonic wit. That drove him to the bold and fateful move of returning from Germany to Russia and certain arrest.
Navalny was born in Butyn, about 40 kilometers (25 miles) outside Moscow. He received a law degree from People’s Friendship University in 1998 and did a fellowship at Yale in 2010.
He gained attention by focusing on corruption in Russia’s murky mix of politicians and businesses; one of his early moves was to buy a stake in Russian oil and gas companies to become an activist shareholder and push for transparency.
https://english.ahram.org.eg/NewsContent/2/9/517849/World/International/Russia;s-prison-service-says-that-imprisoned-oppos.aspx