Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I did warn you.
Hi Just-Another-Bot,
I was at a Turkish bath with two of your ex-girfriends and I told them I may buy GKP back now as I would have accumulated some extra shares, but they told me to wait...take my time as things were getting hot, both in the markets. They pointed out the 5 and 10 treasury yealds at the moment, gold future going up, and how the interest in the debt renewal contracts for businesses would bring the house of cards down.
They also pointed out the looming middle East crisis impact on the markets. They were mentioning some others very interesting stuff, but we got busy looking for the soap at the time.
Got your tin hat on?
You are funny guys. Have a look at the USA markets. I suggest you get your tin hats.
Blast. I should have taken that 10th to the penny. Got out with my capital now. Little profits gone. Small timer with too much to risk. Will observe the geopolitical issues before coming back in.
Good luck.
Https://www.kurdistan24.net/en/story/32957-No-excuse-for-Iraq-to-obstruct-Kurdish-%E2%80%98financial-entitlements%E2%80%99:-KRG-council
"The council emphasized that the Kurdish government presents all information and figures candidly, and does not willingly withhold information from the public.
Politics
No excuse for Iraq to obstruct Kurdish ‘financial entitlements’: KRG council
The council emphasized that the Kurdish government presents all information and figures candidly, and does not willingly withhold information from the public.
Kurdistan 24 4 Minutes
The meeting of the KRG Council of Ministers, Oct. 25, 2023. (Photo: KRG)
Kurdistan KRG council of ministers financial entitlements Masrour Barzani
ERBIL (Kurdistan 24) – The Kurdistan Regional Government (KRG) Council of Ministers convened on Wednesday and was chaired by Prime Minister Masrour Barzani, according to a statement from the KRG.
The meeting began by discussing the results of the Kurdish delegation’s visit to Baghdad on Oct. 18, where it met with Iraqi finance ministers and auditors.
The council emphasized that the Kurdish government presents all information and figures candidly, and does not willingly withhold information from the public.
The ministers also ensure that the data, information, and figures are accurate, leaving, as they argue, no excuse for the Iraqi government to obstruct the distribution of the Region's “financial entitlements.”
The council instructed the finance ministry and the KRG delegation to remain in constant contact with their counterparts in Baghdad.
Fariq Sulaiman, the audit head of the KRG, later summarized the joint investigation process between Erbil and Baghdad.
To make the audit process successful, as Mr. Sulaiman described, the finance ministers of the Kurdistan Region must coordinate with Baghdad to provide the necessary information and data related to revenues, expenditures, and public property.
Lastly, various reports were then submitted about revenues, expenditures, oil production, and civil servant salaries, giving a status update on crucial economic factors of the Region".
Https://www.iraqinews.com/iraq/oil-companies-in-iraqi-kurdistan-to-resume-production-a-month-after-agreement/
"Baghdad (IraqiNews.com) – The Iraqi Prime Minister, Mohammed Shia Al-Sudani, revealed on Tuesday that foreign oil companies operating in the Kurdistan region of Iraq informed the Iraqi government that they would resume oil production within a month once an agreement is reached on the costs of oil production.
Oil exports from northern Iraq through the Iraq-Turkey oil pipeline were suspended last March.
Turkey’s decision to suspend oil exports followed an arbitration decision issued by the International Chamber of Commerce (ICC) in Paris.
The decision obliged Turkey to pay Baghdad $1.5 billion in compensation for damages caused by the Kurdistan Regional Government’s (KRG) export of oil without permission from the federal government in Baghdad between 2014 and 2018.
The Turkish Minister of Energy and Natural Resources, Alparslan Bayraktar, confirmed earlier in October that the oil pipeline is ready to operate and that Ankara is getting ready to start oil export operations through Ceyhan port on the Mediterranean.
Senior officials in the Iraqi oil sector revealed this month that talks to resume oil exports from northern Iraq through the pipeline between Iraq and Turkey are still ongoing.
Al-Sudani also said that foreign companies operating in Iraqi Kurdistan believe that the production costs set by the Iraqi side are low and not commensurate with the production costs from oil fields in northern Iraq.
The Association of the Petroleum Industry of Kurdistan (APIKUR) mentioned in mid-October that the losses inflicted on the oil sector due to the suspension of the oil pipeline between Iraq and Turkey reached $7 billion".
What seems really amusing is the fluctuations on the sp on such small buys and sells volume, taking into consideration that GKP's valuation is over 200 million pounds; the sp drops 1% on a 10k quid volume? MMs need for trades, accumulation perhaps?
Tom, it all boils down to individual circumstances. You made money and that's what matters.
The idea now is to sell 10 X of a penny!
:0)))
Good morning. Back in. Was worried about the drop but now more confident in a positive outcome.
Fingers crossed.
Https://agsiw.org/baghdad-squeezes-kurdistan-region-on-legal-and-economic-fronts-prompting-crisis/
"....
Iraq’s Economic and Legal Battle
Baghdad has vigorously pursued legal avenues to curb Kurdish oil exports and assert control over Kurdish oil resources. One significant strategy involved blacklisting companies that have engaged in oil-related activities in the Kurdish region since 2007 without Baghdad’s approval, posing a legal threat and serving as a deterrent to international oil companies. Additionally, Iraq turned to the Paris-based International Chamber of Commerce’s Court of Arbitration, filing a case against Turkey over its role in facilitating Kurdish oil exports through Turkish pipelines. The court ruled in March that Turkey had violated the 1973 Turkey-Iraq Pipeline Agreement and ordered Ankara to pay Baghdad around $1.5 billion. In response, Ankara halted Kurdish oil exports through the Turkish port of Ceyhan. This has led to a $5 billion loss of revenue to the KRG, slowing down the economy and delaying salary payments to Kurdish civil servants....
"
TSSZ, are you ready for your 110p? You may get them tomorrow. You may help to prop the bottom. Are you there?
Https://www.newarab.com/analysis/how-gaza-israel-war-could-impact-iraq
Analysis: Following attacks by Iran-backed Iraqi militias on US forces, there are fears that Israel's war in Gaza, and any escalation in Lebanon, could destabilise Iraq.
....
I don't think most realise what's gonna hit the global market any time soon. The geopolitical issues in the middle East is just the wick being set alight.
30% to 40% down.
Had to bail out, as not letting my tiny profit go down as well as my capital,
The market is way too volatile and I see it going only one direction now, and that's down. Iran is going to cause some tension in the region with their infiltrated rebels.
Till then.. I will be back later.
CAC, DAX all up.
Bounced back.
And checking the Asian Markets now, and they are tumbling down. The Market are going down again this week. And tomorrow is the 36th Aniversary of Black Monday. Happy Anniversary anyone?
Has anyone here watched Al Jazeera lately? Been jumping from there to CNN/FOX for the past 2 days.
A few interviews that I feel could shake the general markets. I am starting to see this middle East situation as the trigger to complete the mix that the likes of Warren Buffet, Jeremy Granham and Michael Burry said would bring the whole house of cards down.
I never felt so uncomfortable being in the market as of late. Things were going OK till Oct 7th.
I looked at all the indicators and everything seems to light up the warnings similar to previous crashes.
Overvaluation: When stock prices significantly exceed their intrinsic value, it can be a sign of a bubble, as seen in the Dot-com bubble of 2000 and the housing market bubble of 2008.
Rising Interest Rates: Rapid increases in interest rates can make borrowing more expensive, leading to decreased investment and economic slowdown, as seen in the 2008 financial crisis.
Economic Downturn: A shrinking GDP, rising unemployment, and falling consumer spending can indicate a recession, such as the 2008 recession triggered by the subprime mortgage crisis.
High Debt Levels: Excessive corporate and consumer debt, like in 2008, can create vulnerabilities when economic conditions worsen.
Asset Price Bubbles: Rapid price increases in assets like real estate or cryptocurrencies can indicate speculative bubbles that may burst, as seen in the housing market in 2008 and the Bitcoin bubble in 2017.
Volatility and Panic Selling: Sudden spikes in market volatility and mass panic selling can precede market crashes, as happened during the 1987 Black Monday and the COVID-19-induced crash in 2020.
Banking System Stress: Strain on the banking system, often related to bad loans or liquidity problems, can lead to financial crises, as with the banking crisis in 2008.
Global Economic Issues: International economic instability and geopolitical events can have a significant impact on global markets, as seen in the Asian financial crisis of 1997.
Regulatory Changes: Sudden regulatory changes or lax enforcement, like the deregulation leading up to the 2008 crisis, can create risks in financial markets.
Lack of Investor Confidence: If investors lose faith in the market's stability, it can trigger a crash, as demonstrated in the 1929 Great Depression.
Of course, these indicators are not foolproof, and market crashes can be influenced by a complex interplay of factors. It's essential to use a combination of these indicators and exercise caution in financial decision-making.
ST