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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On the 16/12/2022 Centamin we’re 1.08
The only conclusion I can reach is that the market is unjust.
European stock indexes traded broadly higher for Friday's premarket operations after major central bank authorities published their decision to leave interest rates unchanged across the continent. The European Central Bank (ECB), the Bank of England (BoE), and the Swiss National Bank (SNB) decided to keep it at 4.5%, 5.25%, and 1.75%, respectively. Meanwhile, Norway's financial establishment raised it to 4.5%.
The foreign exchange market reacted to the ECB's decision with the euro and the pound climbing against the dollar.
The DAX gained 0.17% at 8:00 am CET, the FTSE 100 rose 0.13% and the Euro Stoxx 50 advanced 0.18% concurrently. The CAC 40 lost 0.08% at the same time. The euro was down by 0.06% against the dollar at 7:59 am CET, selling for $1.09864. Also, the pound lost 0.07% to go for $1.27633 at the same time.
Baha Breaking News (BBN) / AC
Happy Friday y’al
Enjoy your weekend
Gold currently $2036.85
Surprised silver hasn't been listed as a critical metal!
https://www.kitco.com/news/2023-12-14/Silver-is-not-poor-man-s-gold-Keith-Neumeyer.html
The prices of precious metals grew further on Thursday following the decision of the United States Federal Reserve to keep its interest rates unchanged. This decision, along with Fed Chair Jerome Powell's comments, seemed to instill optimism among market participants regarding the possibility of a more relaxed monetary policy from the central bank.
Gold surged by 1.16% at 9:43 am ET to sell for $2,047.61 per ounce. At the same time, silver jumped by 1.69% to go for $24.16 per ounce. Platinum went up by 1.31%, selling for $953.02 per ounce. A minute later, palladium rose by 4.61% to go for $1047.88 per ounce.
Baha Breaking News (BBN) / RR
Hehe- we’re all online shopping!
No not punch drunk,just aware it go back down just as quickly.
And no comments?
Or are we all punch drunk ?!!!
Thanks Jerome
Hopefully this strength will continue into Christmas
Major European stock indexes traded higher in the premarket on Thursday as central banks remained the main focus of this week. Investors are currently eyeing the moves of the European Central Bank and the Bank of England after the United States Federal Reserve decided to keep its interest rates steady. In data, traders will be looking at Swiss producer and import prices and Spanish consumer inflation.
The DAX gained 0.41% at 8:05 am CET, the FTSE 100 rose 0.38% at the same time. The Euro Stoxx 50 advanced 0.91% concurrently.
The euro was up by 0.17% against the dollar at 7:58 am CET, selling for 1.09003. The pound traded 0.12% above the greenback and went for 1.26435 simultaneously.
Baha Breaking News (BBN) / AY
Pog currently $2034.78
Major global cryptocurrencies increased on Wednesday, with Bitcoin surging more than 4%, after the United States Federal Reserve's Federal Open Market Committee (FOMC) announced its decision to keep the key interest rate unchanged once again.
The United States Financial Accounting Standards Board (FASB) released today an Accounting Standards Update (ASU) to ensure more precise and consistent valuations for cryptocurrencies. Coinbase Global Inc. also noted that it will roll out spot markets for eligible users outside of the US.
Bitcoin surged 4.62% to $43,396 at 5:14 pm ET and Ethereum increased 3.39% to $2,177 at the same time.
Baha Breaking News (BBN) / DD
Major stock market indexes in the United States closed higher on Wednesday after the Federal Reserve announced its decision to keep its key interest rates unchanged, propelling the Dow Jones Industrial Average to its all-time high. Moreover, the central bank's head Jerome Powell hinted at future talks of cutting the rate and the contempt among policymakers with the present effects of monetary policy tightening.
The Dow Jones ended the session 1.40% or 512 points higher at 37,090.83, its new all-time high at close, as Walgreens Boots Alliance, Inc. surged by 7.41%. The Nasdaq 100 gained 1.27% or 208 points. The S&P 500 grew by 1.37%. Vertex Pharmaceuticals Incorporated was the best performer on the latter two indexes, soaring by 13.21%
The euro increased by 0.77% against the dollar at 3:58 pm ET to sell for $1.08807.
Baha Breaking News (BBN) / JR
The prices of precious metals continued to rise on Wednesday in the aftermath of the United States Federal Reserve's decision to keep the benchmark interest rate the same, matching expectations.
Furthermore, Chair Jerome Powell indicated that the balance sheet is functioning as predicted and stressed that the central bank could be satisfied with what was achieved by monetary policy tightening. Moreover, he said the Fed could soon start discussing cutting the rates.
Gold surged by 2.15% at 3:36 pm ET to sell for $2,022.23 per ounce. At the same time, silver jumped by 4.17% to go for $23.71 per ounce. Platinum went up by 0.67%, selling for $938.91 per ounce. A minute later, palladium rose by 0.82% to go for $975.18 per ounce.
Baha Breaking News (BBN) / JR
Gold and silver traded in the green on Wednesday after the United States Federal Reserve decided to keep interest rates unchanged for the third consecutive time.
Additionally, the Fed expects rates to stand between 4.5%-4.75% at the end of 2024, 0.5 percentage points down compared to September projections.
Gold gained 1.21% at 2:15 pm ET, selling for $2.003,340 per ounce. At the same time, silver jumped 1.87%, going for $23.19. On the other hand, platinum fell by 0.28%, trading for $930.18 per ounce, while palladium dropped 0.35%, to sell for $964.09 per ounce.
Baha Breaking News (BBN) / JJ
Pog skyward now at $2020.98
Currently at today’s high
2018.05
Gold not golf lol.
Golf and Barrick flying- live the way Jerome just dissed all the forecasters who kept saying recession (mirrors what I said hehe).
Go Jerome... keep on this chat line - look at the 10yr and obvious inverse reaction on gold and markets :-).
Please don't say anything different on Q and A later :-).
Initial statement good :-), let's hope Jerome doesn't spoil it when he speaks later.
Fingers crossed for some dovish indicators tonight, even though he will say his normal stuff, watch the data and do whatever is necessary. PPI was softer earlier today which was positive.
Of course, there will be no change in rates.
Hopefully the markets remain in belief that the FED will cut sooner than Powell actually says and react accordingly.
GLA.
8 Trillions of $ ,Stock options expire.
So expect volatility for a few days.
This is likely the reason the whole market has dropped, 8 Trillion is the largest Options expiry fo many ,many years.
Email to UK media editors, my MP, the UK market regulator, BBC Business Program and the Ukrainian Embassy.
13th Dec 2023
Dear Editors,
As part of the UK government's assistance to Ukraine in its fight against the Russian invasion various trading sanctions have been imposed on Russia including prohibiting the trading of precious metals including gold and silver, via the London Bullion Metals Exchange and the London Stock Exchange.
However whilst in principle these sanctions may appear severe and should to a large extent have seriously limited Russia's access to the trading and of supply precious metals via the UK it seems that Russia has found a workaround by buying directly from African sources.
Unfortunately from the information attached it seems that certain international mining companies which may also be listed on the London and Toronto Stock exchange are implicated, or willing participants in assisting Russia to break UK & international sanctions by entering into business partnerships with Russian mercenaries including the Wagner group.
You will note that I have copied in other relevant recipients including my MP
Please see the attached information.
https://bloodgoldreport.com/
They are rival gangs — with many different characters. From new-age pastors to old-school smugglers, and from diplomats to the Zimbabwean president’s niece, Al Jazeera’s latest investigation, Gold Mafia, has uncovered a band of criminals driving gold smuggling and money laundering worth billions of dollars in Southern Africa.
An investigation by Al Jazeera has revealed some of Southern Africa’s largest gold-smuggling operations, exposing how these gangs help criminals around the world launder billions of dollars while aiding governments in circumventing international sanctions.
Gold Mafia, a four-part series by Al Jazeera’s Investigative Unit (I-Unit) based on dozens of undercover operations spanning three continents, and thousands of documents, also shows how government officials and businesspeople are profiting off the illegal movement of gold across borders.
https://www.aljazeera.com/news/2023/3/23/gold-mafia-looting-southern-africa
https://www.aljazeera.com/news/2023/3/23/gold-mafia-godmen-conmen-president-niece
Thank you Gonez, the piece was from Kitco I was aware of the date/ day after I posted but thought it was clear anyway.
Gold is controlled by the central banks. never going to see anything higher in the 2000s...
thanks to Russia and China eating up the gold, the west never let the gold go higher....
Last sentence should read:
Many UK traders, just shut off and the gold TRADE around his announcement and words, which are 23hour. You can CFD around his every word.