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Certainly fits where gold has landed after FED speak so we should open with a flat tomorrow if Asia does not snaffle up bargain prices. After hearing the pretend hawk, I am not sure about the rest of you, but I thought it was a green light to ditch some FIAT one held and replace it with gold or for those who can stomach the ride crypto version of exchange. The FED are so far behind the inflation curve that it left me wondering if the committee had gone on a trip to Neptune.
I wish everyone good trading and investing for tomorrow and that Centamin heads closer to what the brokers have forecast for the stock.
A message to some of the board member contributors is that whatever we write on here its to everyone who reads what we say, and its better reading if we imagine them sitting across from us in a real conversation. Its fun to have different views and its more fun when we share them with politeness although we may passionately disagree and that is what is great in living in a free world and whatever we do express is just an opinion. Tony
Torn,
The Fed is not alone, and in fact the Central Banks are working toegther, and have been for sometime. They consistently put on some ideological glasses, filter out the results which do not support their ideology, and keep moving forward. Well you can do that for so long, before reality starts to take a grip, and reality is now about to hold sway. To describe the Fed as being inept is a mild understatement, which I have said beofe, and will shut up about. Over to someone else ....
Tesla is a poster child for Powell’s big problem...
It’s hard to escape the sense that whatever the Fed does, more volatility and likely more pain is on the way for investors in 2022.
Just two hours after Federal Reserve chairman Jerome Powell finished his extraordinary press conference, it was the turn of another man who moves markets to take centre stage (and how is genuinely in the market with genine real knowledge of the market - that does not mean I believe every utterance?)): Tesla founder and chief executive Elon Musk.
Powell left markets worried that the Fed might have to hike interest rates faster, harder and higher than THEY anticipated to tame inflation, which Powell now believes could be worse than the central bank expected.
But Musk had a more upbeat message for investors after a cracking year.
Tesla’s December quarter revenue of $US17.7 billion ($24.91 billion) beat consensus estimates of $17.1 billion, with earnings per share of $US2.54 about 7.6 per cent above analyst predictions.
The electric vehicle giant exited calendar 2021 with gross profit margin on its automotive operations of 30.6 per cent, easily the best in the global car industry and well ahead of the 24.1 per cent margin it started 2021 with.
The results capped off a year in which Tesla increased car sales by a staggering 90 per cent and delivered a net profit of $US5.5 billion.
“I think it makes us a real company at this point,” Musk told investors on a typically rambling analyst call. “This is a critical-mass company.”
SO WHO DO YOU BELIEVE, A GROUP OF ISOLATED IDEOLOGUES BURIED IN THEIR FILTERED STAISTICS, OR ... THE MARKET PLACE.
I KNOW WHERE MY MONEY IS, AND IT IS NOT IN THE FIAT, AND NOT BELIEVING THE FED OR CENTRAL BANKERS ...
AND THE CLOWNS DOWNUNDER. THREE LIKELY OUTCOMES
three potential outcomes from the bank’s February board meeting scheduled for Tuesday....
First, tapering the $4 billion weekly bond purchases and terminating the program in May.
Second, tapering the program but with a review in May
And third, terminating the program altogether from February.
LOL, but sadly
They know not what they do (are doing)
the gnome
Tornado hope you are right predicting flat opening this morning, not down, but gold down 1% which is 3% off profit, so I expect us to open down, hope you are right and me wrong?
Added on the dip yesterday risking the rate increase. Perhaps a bit prematurely. Was always a LTH for me regardless. Looking forward to boost in output and back to higher gold prices once all this crypto rubbish dies down
Dollar strength has pushed gold lower this morning. It has gapped the charts in London and Asia. At some point gold will go up and we await the next move. Gold has barely changed in pounds say around $10 an ounce from its peak. We shall soon see how they play it.
Can confirm gold is heading back up in pounds. Now just a £5 down on yesterday. So the FED has talked up the dollar value to try and help lower inflation perhaps. There is a limit what talking can do. I suspect gold gaps in charts to get eventually back filled.
The US wants a war to keep King $ on the front foot hence the sabre rattling within NATO orchestrated by the US, but will Putin bite?
Anyhow standby for stagflation in the coming months no matter what rhetoric is spouted imho..
The world's largest stock market in the US has already lost 10 percent of its value in the first few weeks of this year as Joe Biden's administration come under mounting pressure. Stocks in the global superpower have tumbled as fears continue over potential interest rate hikes, which have spooked "growth" investors who are now backing businesses that are expanding rapidly but often generate little to no profit. Historically, interest rate hikes have sent forecast profits plunging, meaning companies promising future rewards are less appealing to investors around the world.
On Tuesday, the FTSE 100 dropped 2.6 percent while the FTSE 250 plunged 3.6 percent as increasing fears of conflict between Russia and Ukraine, as well as the prospect of higher interest rates, spooked investors.
In a day of turmoil in the City of London, that had wiped £68billion off the value of Britain's 350 leading listed companies.
But a totally different story is unfolding in China - home to the world's second-largest economy behind the US - where shares in the country are quickly gaining ground.
Hong Kong's Hang Seng index has overtaken the American benchmark S&P 500, reporting gains of six percent since the start of this year.
In a major boost for China, its central bank has cut a key interest rate for the first time in almost two years in a huge attempt to inject significant momentum into the economy.
The move has improved the outlook of shares following a controversial crackdown on regulations in 2021 that saw some of the biggest companies in China take a massive hit.
Paris Jordan, of the wealth manager Waverton, explained: "China is one of the few countries that is cutting rates, with most developed nations tightening their monetary policy.
"As such, this could be a tailwind for the stock market and appears to have created an attractive buying opportunity."
Sharukh Malik, manager of the Guinness Best of China fund, said stocks in the country appeared cheap on a historic basis.
The expert said: "At a 12.6 times multiple of 2022 earnings, they are valued at an eight percent discount to the average over five years, since the big technology stocks were added to the index.
"There is little future growth priced in, though market earnings are forecast to grow 16 percent a year in 2022 and 2023.
"This is faster growth than the wider Asian region, faster than Europe and faster than the US and yet is valued much lower."
From a good friend in Russia
"Gas crisis is created by US and EU, because they blocking North Stream 2 pipeline . Gas prices can be dropped back where it was just overnight, all what is needed just to open the valve at the north stream 2. America by blocking north stream 2 wants Russia to continue pumping gas through Ukraine , and this is what creates crisis.
Hungary signed contract for 15 years for getting Russian gas via Turkey pipeline, avoiding Ukraine and Hungarary doesn’t experiencing any gas shortages .
No crisis at all, plenty of gas in north stream 2 pipe, just Europe not opening the valve to use it. If they prefer to freeze."
And so the new great idea is "lets have a war" and it develops, and blame? ...Russia this time (must spread it around, Iraq, Afghanistan, Libya, Vitenam, Venezuela, etc etc ... yawn).
https://www.cfr.org/global-conflict-tracker/conflict/conflict-ukraine
Black Adder was devestating
https://www.youtube.com/watch?v=rblfKREj50o
back to the trenches LOL
good luck, the US Game is as old and tired as the us$
the gnome.
The other view, from a friend in the US
" When Germany and Russia make a deal for a pipeline that will bring energy across Europe and the US blocks it, is Russia the villain?
When the US prevents poorer African countries from accepting Chinese money while China keep us afloat by buying treasury bonds and aiding US companies with labor, factories, and parts, is China the villain?
At what point does US imperialism and propaganda stop being everyone else’s fault?"
You think the US would have invented something more productive than shooting one another,
You think the US would have invented something more productive than a conlficted, rickety self serving financial system
oh well, back to the tennis... Ash Barty is into the finals, and she is a real champion !!!!
best
the gnome
Quite so Mr Gnome!
Shares in this stock are close to a 5 year low. Is there still an inherent risk investing in Egypt?