Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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Maybe a pre offer discussions are already underway and insiders cant now buy??
Looks like gold is struggling to break 1810. We might see 80 again in the short term.
Nothing else to say, except it has taken too long!
Hi Mr T
Its all a game, justifies Ambassadors to the UK, Trade Ministers, numerous junkets and post political life positions for mates, foreign consulates etc. There are talks and walks, and virtual meetings, all in a fairly virtual world nowdays. They achieve B&&ger all in the real world
Stalled negotiations for a free trade agreement with the European Union – delayed two months ago at the height of French fury over the axed $90 billion submarine contract – have been given the go-ahead to resume in February.
Trade Minister Dan Tehan confirmed the 12th round of talks had been scheduled, as he signed the UK free trade deal with British counterpart Anne-Marie Trevelyan on Friday in a virtual ceremony in Adelaide.
I am looking so forward to deglobalisation, including no foreign invasions for the betterment of the local people.
Lets hope the French don't bring up the subject of Nuclear submarines, and the Germans dont bring up the war. Troublesome lot the Europeans, got a lot to answer for.
from the most isolated colonial outpost
the gnome
That what the pl##s wanted......
Hi Mr Gnome,
Announced this morning a new post Brexit trade deal with Australia, (Load of horse **** really!)
9000 miles away instead of 22 miles away and the British trade department said the deal would add 0.08 percent to UK growth by 2035, Big deal!
https://www.politico.eu/article/uk-and-australia-sign-first-brand-new-post-brexit-trade-deal/
According to analysis commissioned by The Independent from top academics at the University of Sussex UK Trade Policy Observatory, the much-trumpeted free trade agreements (FTAs) “barely scratch the surface of the UK’s challenge to make up the GDP lost by leaving the EU”.
https://www.independent.co.uk/news/uk/politics/brexit-trade-deals-australia-new-zealand-b1959478.html
We haven't seen nothing yet with the gold price.
Boom- the recovery continues- gold price helping all PMs
90p by EOP today
European stock exchanges were below the flatline in premarket trade as investors prepared for the Eurozone November inflation report and monitored data on German producer prices and United Kingdom's retail sales. Yesterday, the ECB held its interest rates but announced changes to its asset purchase plans.
The DAX decreased by 0.46%, London's FTSE 100 was down 0.38%, while the CAC 40 contracted by 0.79% at 8:01 am CET.
Both the euro and the British pound were flat compared to the dollar, trading at 1.13352 and 1.33244, respectively, at 8:01 am CET.
Baha Breaking the News (BBN) / MS
Happy Friday y’al
I continually get a sick feeling about the leadership and actions shown by the Central Banks, and I will go for it, The lot of them!
On Wednesday, the Bank of England ended its expansionary £895bn asset buying program, only to raise its key interest rate by 15bp a day later. As a renewed Covid outbreak causes UK consumers to cower at home, investors were mildly surprised at this punchy move. In contrast, the European Central Bank stuck to its cautious script, saying it would buy bonds through 2022—albeit at a lower rate than expected—and beyond if necessary. Of the two, the UK’s tightening approach’ looks most prone to a forced reversal.
It is true that both central banks edged toward “normal” policy settings, as would be justified by an established economic recovery. At 0.25%, the UK’s base rate is two quarter-point rises away from its February 2020 level. The ECB signaled that policy will broadly return to its pre-pandemic orientation by October 2022, when bond purchases should be lowered to €20bn a month.
Yet investors were surprised at the BoE’s hike since UK public health officials have in recent days made alarming projections about the omicron outbreak, which is spurring consumers to resume lockdown-type behaviors. In response to all this gloom, the UK’s flash PMI just hit a 10-month low.
In contrast, the ECB has left itself wiggle room to react to both Europe’s bad Covid situation and rising energy prices due to uncertain Russian gas supplies. The pandemic emergency purchase program will, as planned, end in March, but the ECB has given itself the option to restart net asset purchases if financial instability returns; i.e. bond yield spreads widen too much.
Energy prices are a key worry for both central banks and explain more than half of the consumer price rises seen in the UK and eurozone in the last year. The ECB now expects consumer price inflation to average 3.2% next year, but to fall back to 1.8% in 2023 and 2024. About two-thirds of the ECB’s upward revision is down to expected energy price rises, with the other third due to other bottleneck issues. The BoE sees UK inflation peaking next April at around 6%, before falling slowly in the following 24 months.
Where the BoE and ECB really differ is on wages. UK policymakers look at Britain’s 4.2% unemployment rate and worry that rising prices will spur a spiral of wage demands and more price rises. While it is lower than pre-pandemic levels, the eurozone’s jobless rate still stands at 7.4%. In Spain and Italy, unemployment is much higher at 14.6% and 9.2%, respectively.
Supply-chain bottlenecks are squeezing Europe’s large manufacturing sector, and governments across the region have recently reimposed social restrictions to contain a fresh wave of Covid-19 cases. The yields on Southern European government bonds have edged up since the summer, putting pressure on highly indebted governments such as Italy’s.
Reality will take over from Idealism, ... and the rose c
The dollar and gold have an inverse relationship, as the dollar continues its demise both gold and silver will continue to shine.
The Fed have done a marvellous job of setting the scene for gold (price) to shine and move up.
the gnome
Good night all.
There is the right time .
Keep your ammunition dry.
Now is not yet the time.
Has the CEO (lets not menton the other fraless directors) missed his opportunity to genuinely align himself with share holders, and put some skin in the game?
Would be a powerful show to the market and to the investors.
the gnome
“I don’t think that something happening at the Fed is bound to happen” in Europe, ECB President Christine Lagarde said at a news conference on Thursday. The U.S., the U.K. and eurozone economies are at different phases of the economic cycle, and received different levels of government support during the pandemic, she said.
The Omicron variant, first identified in South Africa and now detected in more than 70 countries, is further clouding the outlook for an already uneven global recovery.
Officials on the U.K. central bank’s Monetary Policy Committee on Thursday voted eight to one to lift the policy rate to 0.25% from a record low of 0.1%, saying the strength of the labor market meant higher borrowing costs were appropriate to keep a lid on price growth.
Europe has been in a different part of the cycle from the USA for a few decades, cant see that changing.
https://statisticstimes.com/economy/united-states-vs-eu-economy.php
The moves at the BOE and the Fed underscore how expectations that high inflation would prove fleeting are giving way to concern that a spell of rapid price growth and low unemployment risks fueling increases in wages and prices, maintaining the inflationary pressure for longer.
The ECB is taking a more cautious approach. The eurozone economy is still below its pre-pandemic level and appears to be slowing sharply, even as the U.S. economy accelerates above its precrisis peak.
interesting times for gold
best
the gnome
It is so strange to me that yesterday was no insider buying at so low price. Maybe they were buying today? We will see tomorrow.
Steve ,having though about last nights buys, .
It is possible a previos Director who enjoys a "little" trading ,as in the past ,decided the price was to tempting too miss.
No RNS neccesary for him now. Totally anonomous.
Small potatoes for him.
But it cost us dearly.
Only a guess ,I must add.
Not repeated yet tonight. Which for myself is good news ;-)
Was due a nice bounce from that 80p low...let's see if it can get to 90p before a pullback
"The interest rate rise from 0.10 to 0.25 annonced today is actually good for gold.
He explains why here - https://www.youtube.com/watch?v=CTsXYYw_jpM"
It's mostly that Gold is indifferent to rate rises. Those rate rise cycles are a response to inflationary cycles that the rate rises are trying to control. So it looks like Gold rises into interest rate rises, but it's just gold soaring on high inflation. The correlation is there, but I'd say it's only causation by proxy.
Yes, which is why I flagged it, as did some else last night.
Those trades were buys.
2 lots of £4m- they were after the UT and "O" trades.
@SteveJones, How big was this buy last night?
Thanks
viable - try £1.54 from Oct'20 - it dropped from over £2 and I jumped in and caught the falling samurai sword!