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The SP performance in recent week is not about the company per se' in my view. It is an over-reaction in the markets to the gold price and the media push that rising rates are bad for gold. This is course would be true is the real rate was positive which, of course it is not. So even when the 10yr UST note spikes to 3.49% the real rate is still -5%. Gold has yet to react because market commentators hang on to powell's every word with future rate raises. My own view remains that his analytics of the inflation problem is just rhetoric and that real negative interests will remain and be as embedded as they have been since 2008. Even is the 10yr UST hits 5% and bankrupts the US Government and causes a recession the real rate will still be negative on the supply inflation problem for some time. Hence why 65% of my PF is now gold related and raising on every fall in the spot price. Too much negative sentiment on this stock in my view, yes it has been a busted flush in many ways for LTHs but I think it will be a success in the medium term. I might be in the minority here but the fall in US housing figures and builds just reported backs up my view that powell will have to turnabout and gold will does what it should do.. re-rate up. GLA
Yep, just inflation and knock on causing the issues.
Quite a dilemma, the present system has been built around stock markets that trade fantasy and unreal commodities in milliseconds, central bank money printing, unlimited cheap debt to fund ever increasing consumerism buying all the must have stuff produced by cheap labour elsewhere and dependant on uninterrupted global and JIT supply chains.
So much for the politicians, accountants and bankers who said it made no sense to hold stocks, or to retain our home engineering and production industries, then to sell to the people at a bargain price what they already owned (public utilities, public transport , North sea gas, NHS services, prisons, council social services and social housing!
Now these corrupt controlling clowns in our government (Gove, Boris,Mogg,Sunak,etc ) expect us to believe that its all down to the pandemic and despot Putin and that the of raising interest rates will sort things our!
Too late the world is buggered , the present monetary and market systems are unfit for purpose, but our leaders still don't want to admit the truth!
No instead they kick the can down the road whilst fiddling and tinkering with a half percent here and there, Oh,don't mention Brexit, or the futures commoditises trading ,blame the war in Ukraine for rising prises, then others drag their feet on allowing Ukraine to join the EU and NATO, or giving them the weapons they need whilst Putin continues to wipe Ukraine the off the face of the map!
Problem is that Putin won't stop there, he is already looking to reclaim the former Soviet union states back and the Western sanctions are punishing the ordinary people of the West and Russia whilst helping Putin and his cronies get richer!
Putin is a bully and gangster, but the West has allowed itself to become defendant upon the things that Putin controls and it is afraid to stand up to him, but as anyone who has been bullied knows the only way to stop a bully is to stand up to them!
NATO is the bully
Putin is standing up to the bully
Hi Madtaway,
Possibly you think that Poland was the aggressor before Hitler invaded ?
Putin is using the same reasoning and tactics as Hitler .
Germany began its invasion on the morning of September 1st following the Gleiwitz Incident. This incident saw German soldiers pose as Polish troops and invaded a German radio station. Naturally, the radio station reported that Germany was under attack and German citizens became fearful of a Polish attack against Germany. In reality, the Nazi's had staged the incident to create a propaganda campaign that would favour a German attack against Poland.
https://www.iwm.org.uk/history/how-europe-went-to-war-in-1939
https://study.com/learn/lesson/nazi-germany-poland-invasion-discrimination-against-polish-jews.html
I don't recall Nato or Ukraine ever proposing to attack Russia?
https://www.nato.int/cps/en/natohq/topics_111767.htm
https://www.nato.int/cps/en/natohq/topics_192648.htm
15/explainer-nato-and-the-ukraine-russia-crisis
https://www.bbc.co.uk/news/world-europe-56720589
The war in Ukraine was fomented by disinformation and information warfare will be part of the battle.
In the UK we have seen a little of this, for example after the Salisbury poisonings. In 2018 Russia put numerous narratives into play with the aim of causing confusion and indecision rather than convincing lots of people of one false narrative
Fullfact checkers are liaising with peers across the world to track and counter false claims. You can help people stop the spread of disinformation by sharing these tips on spotting false information.
https://fullfact.org/news/ukraine/
https://fullfact.org/blog/2022/feb/ukraine-disinformation/