Member Info for mrtibbles

Hi Chique,
You have principles,your a decent person,you care, nothing wrong with that, if only some of those that hold the power to influence future events and peoples lives for the better held such values!
I have a friend who gave up a very highly paid position in charge of a precious metals trading room of a large organisation due to seeing the drunken excesses over the forthcoming bonuses at a lunch time celebration because they had smashed the silver prices, he just walked out because he could no longer accept the long term consequences on innocent people communities caused by trading paper on the Comex.
Keep well!

Although the USA elected a Democrat government and Biden for president the appointment of Powell seems to confirm that the Republicans and big business are still really in charge, pulling the strings!
In the 21st century considering the environmental and ongoing pandemic challenges , not to mention a selfish foreign policy.Powell is certainly the wrong the wrong person in the wrong place at the wrong time, not the type of person that's needed to help combat climate change and create a better and fairer world based on equal opportunity for everyone, not just those at the top!
America claims to have classless society, not the case, those in power just choose not to recognise that claim is just a myth ,the reality is quite different and getting worse!
One of the overriding factors that has contributed to the sorry state of our planet is the purposely induced market instability brought about just to drive the indices up and down for a quick profit with scant regard for the wider reaching consequences.
I understand everyone is free to make there own investment decisions and they must decide if they feel morally comfortable about the wider reaching implication and outcome and how those profits or losses were achieved.
Just like some for their own reasons choose to believe and invest in accompany with the right ethos for a long term return, which hopefully will help contribute to a more stable future for all.

Seems to put into doubt the reliability of Powell's predictions and strategy, he's out of touch with reality!

Hi Mr Bond,
Fair comments,
You have obviously also smelt the baloney!
Thankfully we have a very capable CEO running things now with a credible plan!

Well as you cant be bothered to come up with an alternative mine plan then allowing Martin Horgan to crack on with his would appear to be the best option!

Thank you Tornadotony, your analysis certainly seems to illustrate just how undervalued the stock is at present.
Share holders have certainly paid a heavy price for high grading carried out by the previous management, pity the that Martin Horgan was'nt CEO a few years ago!

Interesting views regarding increasing inequality in the US,
Dr. Tim Liao's most recent essay for the general public is now published. The essay it titled "The Inequality of America’s “K-Shaped” Recovery."
https://sociology.illinois.edu/spotlight/faculty/inequality-americas-k-shaped-recovery-dr-tim-liao

Powell is not the man for the moment. For starters, he supported former president Donald Trump’s deregulatory agenda, risking the world’s financial health. And even now, he is reluctant to address climate risk, even though other central bankers around the world are declaring it the defining issue of the coming decades. Powell would say that climate issues are not included in the Fed’s mandate, but he would be wrong. Part of the Fed’s mandate is to ensure financial stability, and there is no greater threat to that than climate change.
https://www.theguardian.com/business/2021/nov/10/why-the-federal-reserve-chair-jerome-powell-must-go

I don't regard my comments or opinions on what has happened at Sukari as flippant as they are based on past events, some which is why we are where we are now.
i don't recall ever claiming to have operational mining experience and neither have I ever disputed,or doubted Sami's professional abilities, or his credibility, or even his integrity because I never met the man, although I know that some other members that have actually met him on a professional basis hold him in high regard.
That said despite Sami's geological abilities and foresight he couldn't have built Sukari or achieved what he did without the trust and investment of share holders who are in fact part owners of the mine.
You make claims of having superior knowledge on mining matters which may or may not be the case, and you have expressed doubts about Martin Horgan's present operational strategy and the methods for getting Sukari back on track, although you offer little, in fact no evidence to support your claims, other than we must hope that one of these wonderful unnamed miners you have been fortunate enough to meet in the past will suddenly reappear and be able to tell Martin Horgan an his team where they are going wrong?
Is this an alternative plan that is likely to excite the market or inspire shareholder confidence, possibly these wonderful miners have long beards ,wear long flowing white robes and carry a long staff, (Oh no sorry that's Gandalf from Lord Of The Rings, although possibly he could sort out Sukari though with that magic staff?)
I very much doubt that you have ever met Andrew Maguire, neither Martin Horgan and so I fail to see how you can make such assumptions about them that may well be unjustifiable as you know so little about them.
Anyone can be whomever they want to claim to be on internet forms like this and sometimes a poster can leave and rejoin under a different identity,although often despite their name change their posting style and content betrays them.
I can't claim to be able to smell out gold, although I do suspect the presence of Baloney ?

I'm sure you understand what I mean?

Quite so Candid,
I recall it when when our mortgage rate went up on each news announcement of that morning!
http://news.bbc.co.uk/onthisday/hi/dates/stories/september/16/newsid_2519000/2519013.stm
Admittedly house prises were much lower then and so was the rateable value and insurance costs, although wages were also less and most mortgages were only granted based on the man's salary as it was assumed that although the wife might be eaning more she would be giving up work to have babies!
But as we predicted at the time when interest rates fell well into single figures the greedy estate agents and developers took advantage and banged up the prices of overpriced chucked up little boxes (called starter homes) that many youngster struggle to buy even at present interest rate without the help of their parents.
The ordinary folk always get screwed by their governments and in favour of those from the right public schools that run the system.
The markets are just the same and most likely there will be a crash before too long and who will lose the most and then pay the bill, the ordinary folk!

I think Powell should have the confidence to issue a clear statement of policy.,at present he does not inspire confidence in anything other shear lack of decisiveness.
Is Powell in charge of the US economy or not, if so he should give clear direction, at present Powell is indecisive and lets events lead him rather than he dictating them, his dithering causes volatility.
All this procrastination is just bullsh*t, lets have a clear decision that interest rates will rise on day whatever, or they will fall, or they will remain where they are until a defined date for review, lets have a firm commitment to a decisive policy whichever way, no more might be ,might not, perhaps, or when if what, lets see.
The pandemics here and likely to be hare for the foreseeable future, stop using it as an excuse for failed home and international policy and instead announce clear and decisive policies to deal with it. not just in America, but by helping all the other poorer counties irrelevant of of their political or religious beliefs.
Powell has really told us nothing other than there may be a decision one way or the other anytime soon, possibly and the markets has chosen to do its usual knee jerk one way or the the other or whichever way as long as it shuffles the indices up or down.
I wonder if this bloke Powell chair of the FED or chair of the mad hatters tea party?

Hi Tornadotony,
An excellent summing and appraisal of the confusing Powell policy for supposedly managing the worlds biggest economy.

Indeed hindsight is such a great thing, if only we had known that pit wall was going to crack!

HI Tornadotony,
Incredible the US makes a complete mess of it's unjustifiable and unnecessary military campaign and occupation of Afghanistan before bailing out abandoning its trusting allies and the Afghan people but leaving Europe and the UK to deal with the displaced people and the other consequences, but that's OK as long as the US infrastructure spending is still the cards !
Special relationship my ar*se, it's one that we would have been better off without!

cont-
New data from the Caixin survey of Chinese manufacturers yesterday said that the sector shrank in November, while factory activity-growth in the 19-nation Eurozone and the UK also missed forecasts to edge back further from the summer's record rate of expansion on the Markit PMI index.

With London's FTSE All Share trading 2.3% lower from this time last month, the UK gold price in Pounds per ounce today set new 1-month lows with a dip below £1330.

Euro gold bullion bar prices held near 4-week lows beneath €1565 as the EuroStoxx 600 index lost 1.6% for the day, near its weakest since mid-October.

"The best case for gold is high but decelerating inflation," reckons analysts at Canadian brokerage T.D.Securities, because "[it] may leave the US central bank comfortable keeping the economy running hot for longer."

Thursday, 12/02/2021 14:23
GOLD BARS in London's wholesale bullion market traded at their cheapest in a month on Thursday, dipping below $1770 per ounce as global stock markets and commodity prices fell yet again following US Federal Reserve chair Jerome Powell's "pivot" towards tapering new QE faster and raising interest rates sooner in the face of the worst inflation in 3 decades.
Government debt prices rose, in contrast, edging longer-term borrowing costs lower as more countries imposing travel restrictions and quarantines, with new cases of Omicron confirmed worldwide and South Africa saying it has become the dominant variant of Covid-19 locally with infections doubling in 24 hours.
Since setting a 6th consecutive new record high on 8th November, the MSCI World Index has now fallen in 10 of the following 17 sessions, losing 5% from that peak.
Crude oil meantime fell Thursday near $65 per barrel of US benchmark WTI, the cheapest since late-August and nearly $20 below late-October's 7-year high.
Silver prices extended the drop in gold bars to test their cheapest Dollar level since end-September's 14-month lows, dipping overnight through $22.20 per ounce as platinum tried but failed to recover last weekend's level, dropping back almost 2% inside 1 hour Thursday lunchtime in London.
"Jay Powell effectively jettisoned the Fed's previous stance," says the Financial Times about this week's testimony to Congress from the US central bank's chairman.
"[This] sent a clear message to markets: combating inflation...is now the top priority [meaning] a faster reduction of the central bank's massive bond-buying programme [plus] leeway to raise interest rates more quickly than expected."
Ahead of Friday's key US jobs data for November, new claims for jobless benefits rose less-than-expected last week on new figures today, with continuing claims falling harder than forecast.
But inflation forecasts in the bond market have now fallen to the lowest in 8 weeks, predicting 2.44% per year between now and 2031 – fully one-third of a percentage point below mid-November's series record high and almost 4 percentage points below October's actual annual pace of CPI inflation.
Five-year breakevens have also seen their steepest plunge since the Covid Crash hit global financial markets in March 2020, dropping almost 0.5 percentage points inside 2 weeks.
The more respected 5-over-5 measure of bond-market forecasts now sees US inflation averaging 2.18% between 2026 and 2031, near the lowest reading in a month and back below its average across the decade ending as the Covid pandemic began in New Year 2020.
Prices paid by US manufacturers edged back in November on the ISM's index of input costs, but held at what would be a decade-record if not for 2021's earlier surge.
Cont

What Dogecoin Reveals About Future of American Economy — Down the Middle with DiMartino Booth
https://www.youtube.com/watch?v=JaxRe2iuQKc
How Banks Work & Dictate the Economy
Economist Danielle DiMartino Booth sits down with Professor Richard Werner. In this interview they talk about how banking works, the role it plays in society and what quantitative easing really is. Reach out to Werner on twitter @ProfessorWerner
About the guest: Richard Andreas Werner is a German banking and development economist who is a university professor at De Montfort University.
https://www.youtube.com/watch?v=u8j51XZegsk

U.S. Nov Fed Meeting Minutes Signal Concerns of High Inflation
https://www.youtube.com/watch?v=RIO_YP9QGC8

Powell still sees inflation drop — DiMartino Booth gives insight via Bloomberg Markets
https://www.youtube.com/watch?v=E_6FiXCp_Mo

Hi Kando,
Ten years of austerity under Cameron and Osboune and the behind the scenes privatisation of the NHS had just about made it unfit for purpose or able to deliver the services it should have been able to in a timely manner.
The architect of austerity and the face of Project Fear, the legacy of George Osborne’s six years as Chancellor of the Exchequer is a complex one. His career since leaving No 11 Downing Street has been no less controversial; at one point, while still an MP, he simultaneously held six outside jobs, before stepping down in 2017 for a career in journalism and banking.
George Osborne: More NHS powers should be devolved to English metro mayors
https://www.politicshome.com/thehouse/article/george-osborne-more-nhs-powers-should-be-devolved-to-english-metro-mayors
https://www.digitalhealth.net/2012/12/osborne-protects-nhs-from-austerity/
In particular, the government’s refusal to properly fund the NHS’s sibling service, social care, demonstrates both of the main traits associated with "austerity logic": social negligence and economic illiteracy.
https://www.independent.co.uk/voices/austerity-nhs-theresa-may-billion-pounds-magic-money-tree-conservative-party-a8413151.html
Deaths are what can be counted most easily – bodies can’t be hidden from the statisticians or denied by those responsible for the figures. It was predictable, and predicted, that many more would die when the government of David Cameron, George Osborne and Nick Clegg applied a brutal tourniquet to public spending in 2010. Warnings at the time were shrugged off as shroud-waving and scaremongering.
https://www.theguardian.com/commentisfree/2021/oct/15/tory-austerity-deaths-cut-human-cost-cruel-policy
The pandemic has exposed that it was'nt scare mongering the NHS has been rendered unable to deliver its core services at an acceptable level and the pandemic is being used as a convenient diversion, also Brexit has also resulted in many more unfilled NHS vacancies for support staff making things even worse,
Despite spending billions on Covid boosters there seems to be no end in sight as new variants seem to be mutating in the countries that cant afford vaccines, so why not actuality give them some!

Spoonington,
Although the location of Sukari resources were known about over twenty years ago and geological studies carried out the events of 2015 & 2018 when at the CEO Andrew Pardey's admission they had hit unexpected low grades must cast doubts as to the accuracy or relatability of those original geological surveys.
As recent events in the open pit have proven guidance was being boosted by high grading in the short term with scant regard for the long term consequences and the failure instigate responsible open pit waste management resulting in the open pit becoming dangerous and unmanageable.
I heard Josef speaking at a Jersey AGM in 2014 where seemed very confident that the court case would be over in 2015, unfortunately the Egyptian Judiciary don't seem to have been of the same opinion.
Josef comes across as a likeable chap, always helpful if your a stockbroker in the business of selling stocks to potential investors and having the advantages of being a member of the right Egyptian family who just so happens to hold a a large stake in a gold mine can't do any harm.
Recent events and narrowly avoided potentially catastrophic disasters must cast doubt's over the reason for appointment and the professional capabilities of the Youssef El Raghy Sukari general manager and also and the integrity of the previous CEO who it seems less than truthful with share holders.
So it seems understandable and very prudent of Martin Horgan to instigate an up-to-date Sukari geological resource study using the latest technology. carried out by a known team to deliver more accurate or dependable results.
It makes sense that Martin Horgan needs all the very best qualified and suitably experienced professionals at executive level level to support him, although I remain confident in him as CEO.
So whom do you suggest ?

Hi Mr Gnome,
Really excellent summing up of government policy in Oz.
Mind you our UK government is the most inept,oppressive and corrupt that I can ever recall.
This stinker " Mogg" is the MP in charge of the Tories who banned the use of the term "Unfit for purpose" in Tory party communications
Jacob Rees-Mogg has become the latest MP to face a standards probe after claims he failed to declare outside earnings.
On Wednesday, the Commons leader and Scottish Conservative leader Douglas Ross were added to the list of MPs that are under investigation by Parliamentary Commissioner for Standards Kathryn Stone.
The decision to investigate Rees-Mogg comes after Labour demanded an investigation into a £6 million loan that the party said he did not declare properly.
https://www.huffingtonpost.co.uk/entry/jacob-rees-mogg-standards-probe_uk_61a7bc83e4b07fe20121c22d
Draconian measure to be inflicted on the UK
UKHome Secretary Priti Patel pushes ahead with controversial new laws that could jail protesters for six months.https://www.mirror.co.uk/news/politics/priti-patel-pushes-ahead-today-25582718
New offences would force prison terms on activists who lock, chain or glue themselves to railings, gates or other objects.
The bill was already a stunningly draconian piece of legislation. One of its chief provisions was to allow police to impose severe restrictions on protests on the basis of noise. If they were loud enough to cause “serious unease, alarm or distress” to a single passer-by – a description which covers any demonstration at all – the police power was triggered.
https://www.independent.co.uk/news/uk/home-news/policing-bill-protest-amendments-stop-search-b1964236.html
https://www.ier.org.uk/news/whats-wrong-with-the-police-crime-sentencing-and-courts-bill/
https://www.libertyhumanrights.org.uk/wp-content/uploads/2020/04/Libertys-briefing-on-the-PCSC-Bill-for-second-reading-in-the-House-of-Lords.pdf
The Brexiteer's claimed we would get back our freedom because our government could make its own laws, well our present government is certainly taking the latter opportunity to suppress any opinion they don't like and now there is no right of appeal to the EU court of human rights for justice!

In this week’s Live from the Vault, Andrew Maguire is joined by former FED insider, bestselling author and the CEO of Quill Intelligence, Danielle DiMartino Booth, to thoroughly examine the source of the current nervousness in the market.

Distinguished by a career on both Wall Street and the Federal Reserve, Danielle offers her expert stance on the Fed’s fumbled attempts to fix the economy since 2008, and the potential transition into a new, gold-based monetary system.

00:00 Start
03:00 Fed’s past 13 years summarised
06:50 What’s so disturbing about Bitcoin?
11:25 The Fed’ relationship with BIS and ECB
17:30 Are we about to witness the change of leadership at the Fed?
19:30 Is Central Bank digital currency coming?
22:45 What you’re not allowed to talk about at the Fed and the Treasury?
26:30 Should the Fed and the Treasury take a divorce?
30:00 What’s interesting from a gold perspective?
34:25 What is Danielle’s stance on silver, and does she hold it?
https://www.youtube.com/watch?v=gMrukftGtPolist=PLE1y8hGSqr8ar1gKUdfqFDK5ygLIlrdmz&index=1

The opinions expressed in this video of Andrew Maguire and any guest, do not purport to reflect the official policy or position of Kinesis.