Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Gold’s ‘real’ all-time high
While addressing the economy, Tiggre pointed out the misleading nature of nominal highs when discussing gold prices.
With inflation adjustments, he argued, gold’s true value is considerably higher: "One, it's not an all-time high. It's a nominal high. If inflation adjusts, even using the government's nonsense, CPI numbers and real all-time high would be over $3,400 or $3,500."
https://www.kitco.com/news/article/2024-04-19/gold-has-new-buyer-lobo-tiggre
TF Metals Report’s Craig Hemke to address the community’s pressing questions on the FED’s suppression struggles, predictions for gold and silver and insight into BRICS.
The precious metals experts explore the significance of physical gold deliverability towards the success of the BRICS currency, which is forcing Western central banks to drastically reevaluate their predictions on the gold price.
https://www.youtube.com/watch?v=8OL1vWVj_7I&list=PLE1y8hGSqr8ar1gKUdfqFDK5ygLIlrdmz&index=1
Closed at 2391$.
Not bad ,opened at the start of the week at 2345$.
Whats not to like about that,perhaps next week the same ,which once again takes AU above 2400$ for physical,I must add.
Enjoy your weekend all.
Mrtibbles, thanks for your points... Yes, I do listen to BBC RADIO4 news... very good reporting, whatever some people say about old Auntie BBC
Hi email,
You may be ware but if not then try listening to from "Our own correspondent " which has insight, wit and analysis from BBC correspondents, journalists and writers from around the world.
https://www.bbc.co.uk/programmes/p002vsng
Iran's senior military commander had already issued a statement stating that over 50% of the drones used in the attack on Israel were old technology and basically a way of making a point and that as far as Iran was concerned the matter was closed unless Israel made another attack in which case the next response would be far more serious using the latest drones.
So we shall have to wait and see but it seems that Benjamin Netanyahu and his bunch of cabinet Zionists are intent on starting a regional conflict which the Yanks will likely get pulled into in some form or another!
I was hoping to get some more at 126.5 yesterday after I sold the post office ones I bought for 263 at 273, but the limit order didn't go through, so I tried again today. As It didn't look like going through I paid 127. 023. It is only a few compared to how a lot of people deal and HL probably made near as much as me :-( but i made enough yesterday to get me a few more shares here. I think I sold IDS at 278----bought here at 124 and then sold at 126 (so made nothing really) ,then bought IDS at 263 and sold at 273 ------then managed to get some more here at the 127. 023. Oh well--it's done now and at least I made a few quid for a change.
I put some onion seeds in the other day and some shallot seeds today, so fingers crossed. I've got a few different tomato seedlings going, some in the house and some under glass in a raised bed. On day I might get some luck in the garden and with Centamin
I hope everyone has a good weekend.
In the title.
Happy weekend all :-)
It could be Far from over... Is this attack by Israel its whole reaction or just a partial one and more to follow? Will the Iranian retaliate against the retaliation? And if they do, on a full scale or partial one?... There is a lot of talk about de-escalation - but none of it from the warring sides
Likely just the usual Friday afternoon Cey pull back!
Should be back up again on Monday!
I agree Mr Gnome , I very much doubt this is over and no wonder considering the continued of persecution and systematic genocide of innocent Palestinians by the Israeli government and now the refusal of America to allow Palestine full membership of the UN!
https://www.bbc.co.uk/news/world-us-canada-68346027
https://www.abc.net.au/news/2024-04-19/us-vetoes-palestine-full-un-membership/103743744
https://www.youtube.com/watch?v=A7nHVvaJQ2k
Mind you our stinking UK government and Switzerland's government abstained!
China is very big
A very clear statement indeed from the Egyptian officials "No power cuts where it matters!"
Certainly demonstrates the Egyptian governments priorities and just how much Sisi and the Egyptian bureaucracy cares about the welfare of it's ordinary people!
But then it's our Western Banks and governments gangster like tactics along with the USA of course that to a large extent to are to blame, no wonder there are revolutions!
Mr Tibbs
The entire issue is how one particular party rallied the gold price and ignored all other factors. It is not as if London, Shanghai and New York operated together to upgrade the gold price. It was only China. What may happen is that we see quite a drop in gold for two months and a gold rally over the whole summer unfolds where multiple parties work up prices together and physical jewellery buyers in June get a chance to re-stock on gold (which is often at the low of the year for gold). A rally has to be widely owned otherwise over time it will collapse as hardly anyone will make gold jewellery or sell gold coins and bars outside of China. Tony
Hi Siko,
Thank you for the explanation and can understand your point about Egypt's need to earn foreign currency .
However that said the vast majority of the accruing debt that poorer nations and third would countries are never going to able to repay is against foreign fiat currencies loans created out of thin air on a bank computor screen.
https://debtjustice.org.uk/blog/egypt-blog-3-who-will-pay-the-price
After being revealed by the Israeli newspaper Calcalist and WikiLeaks, the proposal is getting attention in the Israeli and Egyptian critical press. Tel Aviv appears to be in talks with Egyptian president Abdel Fattah al-Sisi about Egypt taking in Gazans and settling them in Sinai, in exchange for the cancellation of all its debts to the World Bank!
https://progressive.international/wire/2024-02-02-israels-latest-weapon-against-palestine-is-egypts-debt/en
"As Egypt's regime inches closer to fresh dollars, Egyptians continue to be shocked by monthly inflation in the range of 30%"
https://www.newarab.com/analysis/will-egypts-imf-bailout-dispel-domestic-money-fears
As an Egyptian, I'm not happy of course about the power cuts. I have immediate family members in Egypt who suffer of course when this happens.
The main reason the government is doing this is because they want to save on the foreign currency they pay for the imported gas which keeps the power stations running. By cutting the power on a producing project like Alsukary, the production will decrease, and hence the government's share from the profit, which is in foreign currency. The same applies to tourists areas in the Red Sea and Sinai (Sharma Elshikh), so if they cut the power from these areas they are making the problem worse, and hence they exempted those areas from the power cuts..
Also no Egyptians asked at all to cut the power on those areas because they understand of course, but they are angry that some affluent areas are exempt..
Realistically there is no end to the stupidity in sight .... 70 children die a day ... for what end ... to create a legacy of cruelty, inhumanity, what do they think they are creating .... how do they propose to end this ridiculous situation ... I wish I could get hopeful, but history repeats itself again and again ... I do wonder what the person in the clouds thinks of this ...
best
the gnome
Yep- relieved seems minor on what's been reported.
Hopefully will de escalate.
Https://www.msn.com/en-gb/news/world/israel-s-strikes-do-little-damage-but-send-powerful-last-word-message-to-iran/ar-AA1nhRk1?ocid=msedgdhp&pc=HCTS&cvid=9ea8ffda094b46c9a950b9c1392e4d71&ei=37
Hopefully can de-escalate from here.
Hi Tony,
Several years ago now Andrew Maguire and other's in the business were trying to make a a wider audience aware of what the Chinese were doing and that the the gold price suppression by those that run the system at present was actually making it easier for China to achieve its overall aims!
Well now it's becoming a reality, although a $2100 price cap on gold seems rather low to say the least!
Quite so Rebess, you may recall that Andrew Maguire has been explaining that this was the reality for some time now, although all too often people would rather try to deny the evidence in order to try and keep the "Status quo".
Futures positions can be settled for cash at any time . If held to expiry, then yes positions must be fully funded to deliver or take delivery.
Options in plain vanilla form do not require delivery, but if a call or put is ‘written’ / instigated, then it exposes the writer to unlimited losses ,if they cant deliver!
Hi Siko & Cowichan,
Thank you both for your input on the subject of a reliable electricity supply, even in the UK and certainly since privatisation of the energy companies and the national grid infrastructure the energy supply is unable to cope with adverse weather conditions and the reliability of supply in certain area's is far less dependable than it once was or should be now!
This is due to an outdated grid infrastructure running at it's upper limits and the decision to increase profits by to greatly reducing and getting rid of local depot's teams of stand by line maintenance crews and instead depending on regional contracted in maintenance teams who have to be pulled in from other work when needed.
As you may be aware the situation of reliability of energy supply in the USA is rather fragile as the grid infrastructure is in an appallingly bad state in many outlying areas and one of the reason so many wild fires occur due to the collapse of power lines and sparks from poorly insulated grid equipment and lines.
But as to Sukari it seems very apparent that the Egyptian national grid is not capable of a consistent and reliable supply otherwise there there wouldn't be the power cuts to the ordinary citizens.
That said not only is rationing the ordinary Egyptian peoples electricity supply morally wrong it is unhealthy and may also create resentment on the peoples part if they are suffering power cuts in order to keep foreign industry running at full pelt, so would be very unwise not to retain a fully maintained and ready Sukari electricity back up.
On the previous link.
Equities in Europe traded lower in the premarket on Friday as investors assessed the effects of Israel's reported retaliatory drone attack on Iran. They also anticipated the newest reports on Germany's producer prices and the United Kingdom's retail sales.
The DAX slid by 1.35% at 7:25 am CET. At that minute, the FTSE 100 lost 0.91%. The CAC 40 decreased by 0.98%. The Eurostoxx 50 declined by 1.35%.
The euro fell by 0.11% against the dollar at 7:35 am CET to sell for $1.06315. Simultaneously, the pound sterling went down by 0.16% against the United States currency to go for $1.24160.
Baha Breaking News (BBN) / JR
Happy Friday y’al
Enjoy your weekend
Gold currently $2381.46
Thanks Tornadotony, the Chinese are playing a very interesting game in the metals and resource space. Just have a look at the devestation they brought into the nickel business globally.
"Australia is no longer competitive in the nickel market, largely due to Indonesia’s recent domination in the sector. This domination strategy has been carefully planned by Indonesia as it looks to boost its downstream industrial policy in critical minerals processing with the backing of Chinese investments."
https://www.internationalaffairs.org.au/australianoutlook/indonesias-nickel-supremacy-chinas-backing-and-australias-decline/
It was done in plain sight over a decade or more, but the stupid industry players sat and watched, but then again what could they do ... game set and match ... just took a bit longer
Look at the other critical minerals. China has a long term strategy, whilst the others mugs chase short term profits and flashy quarterly reports etc.
Good luck the mugs, you will need it ... and it is my bet there is a long term play underway in gold by China, and to be frank, there is no way I would base my strategy around the USD if I were them. Its not in their control, its easily manipulated by the masters who own it and print it ...
No doubt the US wont go down without a fight , ... but the social license does not look flash
the gnome