Member Info for mrtibbles

The founder and chairman of a biotechnology company planning to quit the City has slammed the London stock market as 'a complete waste of time'.

Italian entrepreneur Gabriele Cerrone, who floated Okyo Pharma in July 2018, said building a biotech company in the UK 'is like trying to grow plants in the desert'.

Explaining his decision to delist the stock on May 12, he said the volume of shares traded in London is 'negligible and does not justify the associated costs'.

And he complained investors are only interested in miners and oil giants!

https://www.thisismoney.co.uk/money/markets/article-11987227/London-stock-market-complete-waste-time-says-biotech-tycoon.html

London's blue chips have fallen back as stronger than expected CPI numbers point to a further rate hike when the Monetary Policy Committee meets in May
https://www.proactiveinvestors.co.uk/companies/news/1012566/ftse-100-falls-as-stubborn-inflation-fuels-prospect-of-further-rate-rises-1012566.html

Hi Sotolo,
Sorry to learn about your health issues, really hope that you are able to get things sorted asap and that your house project doesn't suffer too much, although health is always a priority!!
Also don't worry about Hoch , most likely more to this than meets the eye. they are just like so many other miners only tell their shareholders half the facts,
Tibbs

Volatility is caused by increased uncertainty, whether that’s market-wide, in a particular asset class or a single company’s stock. But there are plenty of factors that can unnerve markets, including:

Politics – the decisions made by governments and political leaders on trade agreements, policy and legislation can cause strong reactions among traders and investors. As an extreme example, when Russia invaded Ukraine it sent shockwaves through markets as supply chain fears caused commodity prices to soar
Economic data – when the economy is doing well, markets tend to react favourably. When data releases show a negative market performance or miss market expectations, it can cause volatility. Examples include such jobs reports, inflation, consumer spending and GDP
Industry news – company shares, indices or commodities can be impacted by industry-specific events, such as extreme weather conditions, strikes and supply-chain disruptions. For example, the global chip shortage caused volatility across the shares of semiconductor producers and the auto-manufacturers, as companies were forced to delay orders for over 6 months
Company news – corporate actions, earnings reports and even rumours can cause volatility in share prices. The larger moves are caused by an announcement differing from the expectations, and ‘surprising’ markets
https://www.cityindex.com/en-uk/news-and-analysis/volatility-trading-guide/?cid=171558067&cr=171558067&pl=346165362&duid=0&dclid=COWO3N2ys_4CFdFHHQkdh8sMgg

"I think we will have significantly more banks that don't exist in 12-24 months," Ellis said, adding that he thought smaller and regional banks in the United States and challenger banks in Britain could be at risk.
Ellis said the growth in social media had accelerated how quickly concerns about banks circulate. "Things happen at a much faster speed. Whether that's a crisis or it's good news,
https://www.reuters.com/business/finance/more-banks-will-fail-over-next-2-years-says-man-group-ceo-2023-03-22/

Hi Prof,
I think we can all help to keep this forum friendly, civil and informative,the way it has always been for so many years!

Hi Dun,
I agree China never said it wanted to dominate, it did however want to be treated on equal terms as the USA and UK.
Andrew Maguire follows the avalanche of sanctioned de-dollarisation moves triggered by the pivotal meeting between Xi Jinping and Putin, accelerating the implementation of a gold-based currency.
https://kinesis.money/live-from-the-vault/gold-army-emerges-from-the-trojan-horse-comex-caught-sleeping/

'Necessary' Drop in Gold Price to $2000 'a Correction, Not Reversal'
Monday, 4/17/2023 14:42
GOLD PRICES rallied but fell back again Monday in London, slipping below $2000 per ounce amid what analysts called a 'necessary' correction after speculators in Comex derivatives took profit and the giant GLD gold ETF shrank in size for the first week in 5, says Atsuko Whitehouse at BullionVault.
https://www.bullionvault.com/gold-news/gold-price-041720231

Mr Bond's comment was spot on, the market is all about creating trades for the sake of it because that's how they make their money!
Just have a read the comments of the "Spaf" peddlers in the statement on the above link!
Why don't they just be honest and say that the market or commodities, or whatever is up or down because we need to shuffle the indices just to keep ourselves in the business of conning the rest of the world that we are doing something useful for our over bloated and unjustifiable pay packets!

Hi Astro,
Nothing is certain, but as you may know nothing goes up in a straight line and the POG is certainly no different , it also fluctuates just before markets open and close and can be especially erratic on NFP days!

The UK is expected be the only country to shrink this year across all the advanced and emerging economies. Even sanctions-hit Russia is now forecast to grow this year.
Paul Johnson, director of the Institute for Fiscal Studies, said that the IMF's forecasts were not always right, and he noted the fund was "actually being more optimistic than it was a few months ago".

Forecasts from the Bank of England due later this week are likely to be more positive than they were two or three months ago, he added.

"My best guess is that the economy will be broadly stagnant this year. That we're not going to get much in the way of growth but we're not going to have a deep recession either," he told the BBC's Today programme.

"Now that's not great, particularly as we should be bouncing back more strongly from Covid and particularly as we've not been growing terribly well for the last decade and more."
https://www.bbc.co.uk/news/business-64452995
https://actionnetwork.org/petitions/break-free-from-fossil-fuels-to-bring-down-food-and-energy-prices/#01

Hi Spoonington,
Be very interested to see your evidence in support of your claims?
Have a nice day !
Your old mate Tibbs!

Hi LuckyLuciano, possibly not confusing , but far more intentionally complicated ,complex, corrupt and politically influenced than the privileged shadows that pull the levers behind closed doors would like us ordinary mortals to realise , or even worse question!
But how ridiculous that the fate and livelihoods of so many of the world's communities should have become so dependant and influenced to the good or bad by the announcement of some manipulated figures on the first Friday of each month supposedly providing the total monthly increase or decrease in paid U.S. workers across most businesses!
Increasing numbers may show economic expansion but may also give investors reason to be concerned about inflation and decreasing numbers suggest a broader economic concern.
How could the privileged position of the USA and it's dollar backed up by nothing more than a paper promise to repay ever more debt with yet more unbacked paper carried on for so long?
Trump's misguided notion of imposing tariffs to trade with the US because the rest of the would was taking advantage of the US has exposed the truth that exactly the opposite is true and this will accelerate the demise of the dollar as the world's reserve trading currency and should help bring about a fair price for gold.
The UK is is much the same position as a result of a bungled and disastrous Brexit led by those inward thinkers who put heir own greed and self interest first , but now the reality is apparent the UK has lost trade, jobs, workers, civil liberties, freedom of travel and most of its influence on the word stage being now regarded a non entity by many other nations!
The sham of the London Metal Exchange is out and its now desperately trying to save it's self from going down the pan as it is forced to comply with Basel 3 by playing fairly!
But once again thank you for your thought provoking posts to this debate!

Quite so Paul!
Things are looking much better since Martin Horgan started to run Sukari properly after the pile of crap that the the previous bunch of carpet baggers left behind!
Keep well!
Tibbs

The dynamic expansion of BRICS and SCO nations as they continuously form new relationships, united in a common goal of economic betterment away from the US dollar hegemony.
https://www.youtube.com/watch?v=xnHxRF937Rg

What is an example of a hegemony?
Hegemony can refer to a dominant nation or culture, but also the dominance of a particular ideology or way of thinking. For example, in the early 1990s, the United States exerted hegemony over the world by promoting neoliberalism as the only acceptable way to think about economics.

Be interested to see your proof on your accusation of political party funding?
FullFact aren't funded by any political party and if you care to check the you will find they offer analyse and check statements and policies from all the political parties and media channels.
As for being naive then Spoonington possibly you might like to reconsider if your views on Mr Putin and his war crimes in Ukraine?
Strange how Spoongton is always right but never offers any credible evidence or even evidence at all to support his statements?

Gold and Silver Drop from 11% and 25% Monthly Jumps But Ratio Falls to New Year Level
Friday, 4/14/2023 14:38
GOLD and SILVER PRICES fell hard this afternoon in London, dropping from what would have been a new all-time record Friday finish and the highest weekend level in 21 months respectively as longer-term interest rates jumped despite new data saying that US retail sales shrank badly last month.
Betting fell back that the Federal Reserve might not raise its key target rate again next month as 10-year borrowing costs in the Treasury bond market jumped to the highest in 2 weeks as giant US financial services group J.P.Morgan reported record quarterly revenues, with profits for Jan-March jumping by more than a half from the same period last year.
https://www.bullionvault.co.uk/gold-news/gold-silver-041420232
Remember
J.P. Morgan .P. Morgan do during the Panic of 1907?
J P Morgan purchased $30 million in city bonds, discreetly averting bankruptcy for the city. Moore & Schley, a major brokerage, nears collapse because its loans were backed by the Tennessee Coal, Iron & Railroad Company (TC&I), a stock whose value is uncertain.

Who Runs the Fed?

The Federal Reserve model undermines economic well-being by concentrating power—and therefore wealth and income—in fewer and fewer hands!
https://www.dissentmagazine.org/article/who-runs-federal-reserve-2008-crash

During the period that I was unfortunate and stupidly enough too be involved in CFD trading it was the norm the majority of traders and retail holders to close their positions over the weekend to avoid the inevitable getting knocked through their stop losses and out of a position by gap up or down on the Monday morning open.
Stop losses are a complete joke because the Market Makers can see them and most retail investors make the mistakes of not realising that although the market is closed as far as they are concerned in reality it is open to the privileged over the week end.
So today's close with the spanking of gold was really most likely, the Yanks want to protect their dollar over the weekend!

As usual those that control the Casino make sure the $ wins!
https://mises.org/wire/fed-not-good-idea-became-corrupt-it-always-was-corrupt

Hi Lucky,they are a registered charity and as such have to be impartial
https://fullfact.org/about/impartiality/

The world's economic powers are meeting now at the International Monetary Fund, where crucial reforms for the global economy will be on the table!
For decades, governments and investors have spent trillions of dollars on activities that fueled the reckless destruction of nature. But one Latin American country can show the world how we can start to change that: Argentina!
As World Bank shareholders gathered in Washington for their annual spring meeting on Monday, discussions on economic policy options for Global South countries took centre stage.
https://www.independent.co.uk/climate-change/news/climate-disaster-debt-africa-world-bank-b2317573.html
This report sounded the alarm for urgent need for debt cancellation for climate vulnerable countries and a radical transformation of global debt management to address this pressing crisis.
The world's economic powers are meeting now at the International Monetary Fund, where crucial reforms for the global economy will be on the table!
https://www.reuters.com/world/americas/argentinas-drought-hit-fields-billion-dollar-losses-farmers-going-under-2023-02-16/