Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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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.
The FED meet today, NOT tomorrow.
They will keep rates the same, and they will also add that they will do whatever is necessary to meet their inflationary targets. They will say that the economy has remained resilient. They will not reveal a rough date, this is up to the market to estimate, which is continually does.
The markets will then move on the way they interpret what he says, as he says it- we all know what drivers need to tick up.
This is all normal.
As ever, for UK stock exchange investors you have to predict what will happen, as the UK markets are shut when he speaks.
Different story for US markets.
Many UK traders, just shut off and the gold game around his announcement and words, which are 23hour. You can CFD around his every word.
POG
Any information that is revealed tomorrow in the Fed’s statement or Powell’s press conference most certainly will shape market sentiment regarding gold’s price. If the Fed reveals a rough date in which they will begin to cut rates it could be highly supportive of gold pricing and bring a conclusion to the recent decline of $155 from the highs or nearly a 50% retracement from the October rally which took gold from just above $1820 to just over $2150.
https://www.kitco.com/commentaries/2023-12-12/Inflation-eases-and-investors-wait-for-FOMC-to-conclude-tomorrow.html
https://thegoldforecast.com/
Thank you Sotolo,
I appreciate that some regard these forums as just for trading talk and this post may be regarded as "off topic" but that said this forum has always been about making members whatever their market expedience feel that they aren't alone by providing friendly support regarding their investment decisions and much more besides.
I listen to the world news most nights as it gives an insight and coverage of a much broader range of news and events which just isn't broadcast on main stream media during the day.
There are some really interesting programmes which feature ordinary people from all over the world and it makes you realise that would vast majority of people are all pretty decent, have much the same ambitions and concerns and in the main would get along with one another were it not for the bitter and bigoted opinions of so many of the world politicians and leaders
https://www.bbc.co.uk/sounds/play/w172yzrrxxk9085 (NFP, Lithium mining, Food prices )
https://www.bbc.co.uk/iplayer/episodes/p0cgql8f/big-oil-v-the-world
https://www.bbc.co.uk/programmes/p0925ydp
https://www.bbc.co.uk/sounds/play/w3ct2z3j
https://www.bbc.co.uk/sounds/play/w3ct4y0l (tackling (loneliness)
In 1998, Russia’s President Boris Yeltsin shocked the nation with a last-minute decision to speak at the reburial of Tsar Nicholas II and his family, 80 years after their murder.
https://www.bbc.co.uk/sounds/play/w3ct4xh6
Tibbs
European stock exchange traded lower in the premarket hours on Wednesday in anticipation of the latest updates on gross domestic product and trade balance in Britain, as well as industrial production data in the United Kingdom and the euro area.
The DAX slipped 0.08%. The Euro Stoxx 50 dropped 0.17%. The FTSE 100 fell 0.07%. The CAC 40 declined 0.21%.
The euro dipped 0.13% against the dollar, selling at 1.07824 at 7:56 am CET. The pound sterling lost 0.15% compared to the greenback, changing hands at 1.25502.
Baha Breaking News (BBN) / AB
Happy hump y’al
I tend to avoid any buying or selling on triple witching.
https://www.thestreet.com/dictionary/t/triple-witching
👍🏾 spot on Sotolo
Mr Tibbles you are very kind man whatever some here might think of your politics. All best
Been telling you this for sooooo long now Mr T. good to see that the WGC are now catching up with my thoughts...
No need to be concerned Sotolo. most of us have been here in the past so what will be will be, but at least we aren't being bombed to bits like so many poor innocent unfortunates during the season of goodwill!
This prediction might happen in 2024 or it might not,
Gold's push above $2,000 in the last few weeks of 2023 could herald an even bigger move in 2024, according to the latest report from the World Gold Council (WGC).
In its 2024 outlook, the WGC analysts said they see three potential scenarios that could impact gold prices next year. In a recent interview with Kitco News, Joseph Cavatoni, North American markets strategist at the WGC, said that much of what happens in gold will be driven by the Federal Reserve and its potential rate cuts.
https://www.kitco.com/news/2023-12-11/Gold-is-poised-for-new-all-time-highs-in-2024-World-Gold-Council.html
SteveJones999,
I don't have any up to date figures but I do know historically HOC had a much higher level of shorts than CEY. So could have been short covering and now they have re loaded and shorted it back down due to POG re-trace ?
Gold up approx 2.5% in past month, again following economic data.
HOCHSCHILD -10%
CEY +13%
FRES +12%
SRB +4%
SHG +13%
Barrick +10%
Newmont +14%
So, again, broadly in line - the outlier this month is Hochs (which was touted here as "look at Hochs, why are we at CEY so poor?"- just shows how easy it is to pick a narrative.
All following economic data as normal outside of any company specific.
Major European indexes are set to open higher on Tuesday as investors expect a new batch of economic data today.
Today, market participants are due to receive the latest reports on economic sentiments in Germany and the European Union from the Centre for European Economic Research (ZEW). Moreover, reports ahead of the market opening said that German Chancellor Olaf Scholz is set to continue the discussion with parliamentary leaders on the revised 2024 budget.
The DAX gained 0.20% at 8:02 am CET, while the CAC 40 was flat, and the FTSE 100 rose 0.23%. The pan-European Euro Stoxx 50 inched up 0.21% a minute later.
The euro improved by 0.14% against the dollar at 7:59 am CET, selling for $1.07795. In comparison, the pound lost 0.15% to go for $0.79517 at the same time.
Baha Breaking News (BBN) / JG
Grow up Mr T.
I pushed the right buttons then,tee hee!
Stop being a wally Mr. T. you do keep banging on, and on, and on, and on...
Post something of value for a change.
Still waiting mi amigo 🙄👀
Forget about the traders and braggers on here who always claim to get it right, if they did would they really bother trying to boost their egos by bragging on a free forum, of course they wouldn't!
Long term holders have been here before and this is why they have considerable holdings at averages that some of the claimed experts on here would envy if only they knew!
The price of gold will soon rise again and as soon as the market realises that Centamin has turned a corner then so will the share price, just wait and see!
It is the price we sell gold for, however formed, so as always I find it concerning
Hourly RSI now on 23. The 5 hourly on 30.2 and about to enter oversold. Daily on 48 and now falling faster as it was 52 a couple of hours ago. Stochastics were hitting zero this morning. I expect a seasonal bottom in play to arrive in the coming trading days. With USA GDP debt hitting 150%, (UK at 98%, EU 85%) it is a surprise to see the euro not rallying much against USD.
Don.t be concerned by a temporary drop in the POG based on job's report that chose to interpret people returning to work after from on strike as new jobs creation rather than the reinstatement of already existing jobs.
The vast majority of these gold sales were for paper and on cfd contacts , not the real stuff which central banks are still buying with great enthusiasm.
According to those big banks the POG is forecast to rise again above and beyond $2000 , the Sukari excess waste clearance contact is in its final stages and there is increasing optimism and enthusiasm amongst those carrying out the exploration of the blocks around Sukari and in the Nugrus region that they they could offer very promising reserves.
not real gold just paper and
In the title:
https://www.marketwatch.com/economy-politics/calendar
GLA.
An interesting and reassuring update on environmental issues-
Centamin's Doropo Gold Project is currently in the definitive feasibility study phase (“DFS”), which includes a detailed environmental and social impact assessment (“ESIA”), stakeholder engagement and a formal permitting and approvals process, which adheres to national regulatory requirements and international good practice, these processes will continue through H1 2024.
Doropo is located outside the Comoe National Park.
The main project development area and infrastructure hub is located more than 35km from the boundary of the park. Doropo involves mining several satellite deposits, with the closest deposit located 7km from the park boundary and the majority located around the infrastructure hub.
Over the last two years, Centamin has conducted comprehensive ecological baseline studies both within the project development area and on areas within the eastern limit of the Comoe park.
These studies confirm that the Doropo Project is located in an area of degraded habitat of low biodiversity sensitivity – the landscape has been significantly disturbed by agricultural land use. Working in cooperation with the national park authority, they have confirmed that core habitat for species of high conservation significance - such as the elephant - are located in the central areas of the park and are not known to range to the east of the park, which is the closest boundary to Doropo.
As a priority, Centamin is committed to uphold its ESG and Environmental policy commitments. In consultation with the relevant authorities, a strategy is actively being developed to avoid direct impacts to the conservation integrity of the Comoe National Park through the sensitive design and development of the Doropo Gold Project; we hope to create opportunities to not only safeguard the conservation integrity of the park but also to be recognised as a valued conservation partner.
For reference, there is a link to the NI43-101 Doropo PFS Technical Report, published in August 2023. The DFS is due for publication mid-2024.
https://www.centamin.com/media/2989/2023-doropo-ni43-101-technical-report.pdf
Tibbs
True Tony, but the converse of your statement when the wall issue hit and/or other issues hit and a bad RNS pops out - then you get a massive whack (would you sooner miss out on potential big gain or take a risk on a potential big loss? Only you can decide at any given point on time.) These big drops, in the past, been more frequent than positive unexpected news.
Having said this, as I’ve said before, I do sometimes leave myself in overnight if I think it’s warranted.
But what I always do is trade on the data, like I did the other day when I posted (before the event) predicted the SP would rise about 2% and it did and then on Friday when I again posted (before the event again) that the data was not supportive and it subsequently dropped 2%. I don’t always post. I will do occasionally in the future, despite the flack I get from Mr T who is just doesn’t report the facts and is clearly clueless.
I agree that there’s way more chance of good news on the horizon than bad, but I can’t control this. However, what I can and do trust my algos and trading strategy on data which is right a lot more than it is wrong. I continually assess risk and all relevant data (what’s up and coming))- and take it from there.