Member Info for mrtibbles

Gold traders lightened up at 1500 but they are now adding back in the low 1480’s!
!

Nov 05, 2019https://www.kitco.com/news/video/show/Kitco-NEWS/2602/2019-11-05/The-path-to-$3000-gold-and-beyond-gold-depends-on-this
Guest(s): Daniel Oliver Founder, Myrmikan Capital

Monetary policies continue to be the dominant driver for gold’s next critical level, this according to Dan Oliver, founder of Myrmikan Capital.
“What I look at is the balance sheet of Federal Reserve,” Oliver told Kitco News. “When [government] bonds finally break down, and they will break down someday because congress is insolvent, the only thing else on the Fed’s balance sheet is of course the gold, because they said they have 8,100 tonnes of gold.”

Gold Trading Evaporates as 'Bond Yield Jump' Risks $150 Price Drop
Tuesday, 11/05/2019 13:56
GOLD TRADING in London saw prices briefly dip to $1500 per ounce on Tuesday, falling with major government bond prices as world stock markets rose following Wall Street's latest record highs.

With gold trading 1.0% lower for the week so far in US Dollar terms – and $57 below start-September's 6-year high – silver dipped below $18.00 and platinum prices also fell to 3-session lows at $927 per ounce.

The drop in Western government bond prices drove their longer-term borrowing costs higher, extending yesterday's jump in US 10-year and 30-year yields after US Commerce Secretary Wilbur Ross said a trade deal with China may be near while tariffs set to hit European imports could be waived.

Treasury yields will now "grind higher" as stock markets continue to gain reckons US investment bank J.P.Morgan, calling the US Federal Reserve's run of 3 rate cuts in 2019 only a "mid-cycle" move and forecasting a replay of the 1995 action as stock and bond markets re-price solid economic growth and a return to rate hikes.

"This implies modest 5% or so upside for equities over the next six months [but a] very big 100 basis point upside in the 10-year US Treasury yield," says JPM strategist Nikolaos Panigirtzoglou.

The last time that 10-year US Treasury yields rose 1 percentage point or more in 6 months, from mid-2016 to New Year 2017, the price of gold lost over $150 per ounce.

In proportionate terms, such a rise in 10-year T-bond yields – up by more than one-half from today's near-record lows at 1.75% per annum – has happened only 3 times before, all of them since the collapse in rates and yields of 2008 amid the global financial crisis.

The gold price on average lost 6.7%.

https://www.bullionvault.com/gold-news/gold-trading-110520192

hI KRSS, Th UK prime minister broke the rules
https://www.electoralcommission.org.uk/media-statement-vote-leave

Vote Leave has today (Friday 29 March 2019) withdrawn its appeal and related proceedings against the Electoral Commission’s finding of multiple offences under electoral law, committed during the 2016 EU referendum campaign.
Vote Leave was the designated lead campaigner for the leave outcome at the referendum. We found that it broke the electoral rules set out by Parliament to ensure fairness, confidence, and legitimacy at an electoral event. Serious offences such as these undermine public confidence in our system and it is vital, therefore, that they are properly investigated and sanctioned
Vote Leave has now paid its £61,000 fine in full.
Ends

https://www.opendemocracy.net/en/opendemocracyuk/year-ago-today-vote-leave-was-found-have-broken-election-law-next-week-its-leader-will-become-prime-minister/
The Electoral Commission found that Vote Leave broke the law. Next week, the man who fronted that campaign is almost certain to become prime minister.
The finding came on the back of months of investigative journalism. Alongside Carole Cadwalladr at The Observer and reporters at Buzzfeed, we gathered documents and spoke to sources and collated evidence.
Eventually, our collective coverage forced the Electoral Commission to reopen an investigation they had previously closed. Eventually, the watchdog of our democracy said that the campaign, fronted by Boris Johnson and Michael Gove, had exceeded its £7m spending limit by £449,079.34.
For exceeding its spending limit by hundreds of thousands of pounds, Vote Leave was fined £20,000. The group was fined another £20,000 for failing to comply with the commission’s investigation, a further £20,000 for filing false information, and £1,000 for failing to produce invoices to evidence what it said it had spent: a total of £61,000 of fines for £7.5 million of spending, or less than 1% of the total.
The commission wanted to fine Vote Leave more. But the law limits them – the maximum they are allowed to fine for a broken rule is £20,000.

Futures point to more record highs
Nov. 5, 2019 6:24 AM ET|By: Yoel Minkoff, SA News Editor

More record highs are in store for the three major U.S. stock indexes as reports suggest the Trump administration is weighing whether to drop existing tariffs on $112B of Chinese imports that were introduced at a 15% rate on Sept. 1.

The Dow, S&P 500 and Nasdaq are ahead by 0.4% as the concession is seen as pausing the U.S.-China trade war.

"Phase One" of the pact would include Chinese purchases of American farm goods, rules to deter currency manipulation and some provisions to protect intellectual property and open up Chinese industries to U.S. firms.

Unfortunately what is taking place politically whether directly relevant or not is all too often used as an excuse to cause panic in order to churn the shares and create trades to the advantage of those running the markets.
So many of the general public are unaware and don't seem to realise that their lives and futures are affected by what goes on in the markets.

The Brexit vote “a referendum on any topic can only be advisory for the lawmakers in Parliament”.
So, purely as a matter of law, neither the government nor Parliament has to do anything about the referendum.
“members of parliament owe the electorate their own best judgement of the national interest—taking into account the referendum result—not their obedience to the opinions of a narrow majority in a referendum or otherwise”.
The argument goes that, the referendum being “advisory” and Brexit being bad, MPs should refuse to follow the result.
https://fullfact.org/europe/was-eu-referendum-advisory/
The EU referendum was won based on a corrupt campaign, but the courts can't void the result because the referendum only advisory, according to the barrister who took the government to court.
https://www.lbc.co.uk/radio/presenters/james-obrien/brexit-referendum-corruptly-won-but-result-stands/
Prime Minister Boris Johnson has now called a general election however this way well lead to a hung parliment and may also result in the break UK of the UK with Scotland & Wales seeking independence.
The present UK electoral system of "first past the post"is undemocratic and no longer fit for purpose as the smaller minority political parties of a fair allocation of seats based and certainly have no chance of ever forming a majority government.
https://www.electoral-reform.org.uk/could-social-media-warp-the-next-general-election/

Although I think the present government and cabinet are possibly the very worst I can ever remember and the amount of money they have wasted on Brexit is a travesty I fail to see how this general election is going to resolve anything and may well make things very much worse if that's possible!

So I agree that the POG is likely to remain very strong in view of all this political uncertainty.

Hope Boris gets booted out, he is as arrogant and lies almost constantly , just like Trump!
Hope Trump gets booted out, he is environmentally ignorant, bigoted greedy, arrogant, sexist racist and has no place in a 21st society!

Well done Cowichan, great post, seems like positive news, lets hope so!

"Kinesis" the gold backed is working with the United Nations , more on this coming soon!

The Gold Psyops operation is coming to an end https://en.wikipedia.org/wiki/Psychological_operations_(United_States)

Friday, 11/01/2019 13:59
GOLD PRICES slipped but held on track for the highest weekly close in 6 after new data from the Bureau of Labor Statistics said the United States jobs market was stronger than analysts expected in October.

The S&P500 index of US equities headed for a new all-time high. Government bond prices were little changed, holding longer-term US yields down at 3-week lows after the sharp drop made on Wednesday's widely expected cut to short-term rates by the Federal Reserve.

Dropping $5 from 1-week highs at $1514 per ounce, gold prices also rallied in Euros and British Pounds, but showed a small drop from last Friday at €1353 and £1165 respectively.

October's US jobs report says the world's largest economy added 128,000 non-farm payrolls last month – 43% above the average analyst's forecast – while September's figure was revised one-third higher to 180,000.

"Notable job gains occurred in food services and drinking places, social assistance, and financial activities," the BLS said. "Employment declined in motor vehicles and parts manufacturing due to strike activity" over wages at General Motors, ended by a pay deal earlier this week.

US employment has now expanded for a record 109 months in a row, almost twice the length of the next longest expansion.

https://blogs.imf.org/2019/02/05/cashing-in-how-to-make-negative-interest-rates-work/

Sorry received the message below just before midnight, hence "Yesterday" I should have put 31st Oct

SETTING THE BAR
PRECIOUS METALS NEWS
Yesterday, 30th October, we had the October FOMC meeting, where the Fed decided to cut rates for a third time by 25bp to 1.75%. Chair Powell, in his post-meeting conference, concluded that ‘monetary policy is in a good place’, which some may consider as setting a high bar for future rate cuts.

The immediate reaction sent gold as low as $1,481/oz, but it subsequently recovered to trade in the high $1,490’s, less than an hour later. It is worth remembering that back in January the Fed did not see any need to cut rates this year, but here we are, three cuts later. Do we have more to follow?

This morning the gold price has been helped $5/oz higher by headlines that Chinese officials are casting doubts about being able to reach a comprehensive long-term trade deal with Trump. This comes on the back of Chile yesterday cancelling the APEC summit, where Trump and Xi were going to sign ‘phase 1’ of the trade deal.*

https://www.cnbc.com/2019/10/31/trump-rails-against-powell-day-after-fed-cuts-rates-for-a-third-time-this-year.html

Hi Dasut,
From what you say he sounds to have been a really decent chap,no doubt he will be greatly missed by his family and friends.

Hi Siko,
I hope that you are well!
Thank you for keeping us updated on this.

They won't get a bid until the court case is resolved.

Good one Goldgnome,
I have taken the liberty of sending this article to Cey IR & Buchanon in case they are unaware of it.
Best Wishes
Tibbs

There is no real foundation to the S&P all time high though which will make the coming fall all the greater!

This share price is still unjustifiably cheap as any long term Cey investor knows too well.
However as highlighted by our old friend Cowichan great changes are taking place in Egypt and also on the Sukari shop floor in the way things are done which will help to deliver on the needed output to restore the prpredicted guidance.
The POG may pull back in the short term but once the market sees that production is on the increase and with a new person driving things then the share price will rise.
October should hit 50k and if the next to months do similar then lower guidance will be delivered at least.