Member Info for RazorsEdge

...it’s a mess anything could happen.
I hope one of the pharmaceutical companies come up with a vaccine for the coronavirus.

Everywhere is shutting down and rightly so... why is Cheltenham on... these people are risking the lives of many for some sporting entertainment.
Wake up lads... the world is in trouble

is up 14% at $38.11

Mrtibbles my son is on a mountain in Austria skiing at the minute and readily assures me he’s safe in the cold... somewhere in the middle is where the danger lurks I expect

Tiger I expect we will never really know but it’s beginning to look like as you say ... “as simple as the seller's need to raise cash any way they can.”

The market is in poor shape if this is the case.

Dog to the park...

Hopes of substantial economic stimulus measures in the United States pushed stocks higher in premarket trade on Tuesday after a massive selloff on Wall Street during the previous session.

President Donald Trump announced his intention to seek a payroll tax cut, among other measures, to counter the economic impact of the coronavirus epidemic which has claimed over 4,000 lives worldwide. Treasury yields recovered off of record lows, while crude benchmarks also moved higher after plunging amid a Saudi-initiated price war.

The Dow Jones added 1,100 points at 5:40 am ET. At the same time, the S&P 500 gained 4.62%, while the Nasdaq 100 was up 4.71%.

Breaking the News / JC

Sotolo no luv it’s a spellcheck typo
A few posts ago Rebess became Recess

Soto love this is an email exchange I had with Centamin’s Pr dept a couple of weeks ago.

———————

Dear Sir/Madam
Can you please tell me when you are planning to issue your 2019 Annual results announcement
Thank you for your kind help.

Regards Xxxxx

————————-
Dear Xxxx

Thank you for your email.

The date of the full year results will be announced shortly – however, as guidance, we are looking at around the middle of this month. This is later than when we would normally announce, but it is mainly to do with the delaying factor that the unsolicited corporate activity brought to the audit process, so apologies for this in advance!

Please keep an eye out for an RNS announcement, which will be made as soon as we have the finalised date.

Kind regards

Xxxxy xxxxxx

Oil crashed gold rallied yesterday and Centamin dropped.
(Like some sort of logic people won’t be buying luxury gold products)
So today is the opposite, oil is rallying and gold drops and up to me typing Centamin share price is like a drunk man staggering all over the place, green red/red green.
Make your mind up market which is it?

Pharmact develops rapid test coronavirus detection
German pharmaceutical company Pharmact AG announced on Tuesday it has developed a diagnostic test for severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), the type of the virus responsible for COVID-19 disease.

Pharmact AG, the company specializing in the production of rapid diagnostic tests said it has completed clinical evaluation and performance review of the test which produced "excellent result." The company said the CoV-2 test is a "simple, easy, point-of-care rapid test for detecting coronavirus exposure." "With only two drops of blood from the fingertip, within 20 minutes, the test can determine the presence of the virus without the need for a laboratory or unnecessary time or equipment," it added.

Headquartered in Berlin, Germany, Pharmact's research center and sales office are based in Mannheim, while it also operates in Spain by Pharmact Healthcare S.L. in Alicante, and the United States by Pharmact Healthcare Inc. in Chapel Hill, North Carolina.

Breaking the News / BJ

Major European stock market indexes jumped on Tuesday and were set to reverse losses recorded during Monday's crash after United States President Donald Trump announced plans for tax cuts and oil prices showed signs of recovery after dropping to below $30 per barrel.

The DAX increased 2.96% at 7:36 am CET and the FTSE 100 surged 3.58% at the same time at 7:37 am CET. France's CAC 40 gained 2.62% at 7:36 am CET.

The euro was down 0.83% compared to the dollar and went for 1.13551 at 7:38 am CET. The pound lost 0.63% against the greenback and traded at 1.30436 at 7:37 am CET.

Breaking the News / VP

According to China's National Health Commission (NHC), the number of COVID-19 cases on the mainland went up by 19 in the past twenty-four hours to reach a total of 80,754.

Additionally, the nationwide death toll in the epicentre of the outbreak stood at 3,136 with 17 additional fatalities recorded during the previous day.

The data released on Tuesday saw the lowest number of newly reported cases since the NHC started tracking the disease back in January.

Breaking the News / NL

Cowichan the weekly “oil-rig count” in the USA is a true reflection of what’s happening because if the revenue from the oil isn’t substantial enough oil producers shut the rigs down, so that is worth watching every Thursday/Friday

Hello Tiger, there are way too many questions but hopefully this will pass easier than the market is panicking about.
This release was published prior to the U.K. futures market this morning and as soon as I seen it I thought that will cause panic...
———-

Recession coming if virus outbreak lasts - Morgan Stanley
Morgan Stanley has predicted that the global economy will enter a recession if the coronavirus outbreak continues into the third quarter of the year, a note to investors said on Monday. According to the investment bank's prediction, such an outcome would mean full-year 2020 global gross domestic product will decline below 2.5%.

Furthermore, Morgan Stanley added that the United States, Japan and Europe are all expected to enter a technical recession in case the outbreak lasts for another six months,

The prediction comes as investors flock to safe haven assets such as US bonds and the yen and stocks continue to drop amid global economic uncertainty.

Breaking the News / VP

Trading on Wall Street was halted on Monday, minutes into the session which saw the Dow Jones losing over 1,700 points at open.

The massive premarket selloff triggered key market circuit breakers put in place to prevent further plunge of the stock market. The so-called level 1 circuit breaker threshold on the S&P 500 halts trading automatically if the broad index plummets 7%.

The trading will resume at 9:49 am ET.

Breaking the News / GG

$1682.78 +26%

will end and the sun will rise.
— Victor Hugo

European stocks plunged in premarket trade on Monday as investor sentiment from Asia was also felt in Europe amid continuing coronavirus outbreak fears and after the Organization of the Petroleum Exporting Countries (OPEC) and other major producers failed to reach a production cut deal last week, leading Saudi Arabia to drastically reduce its prices and increase production.

The DAX slumped 5.64% at 7:13 am CET and the FTSE 100 lost 6.22% at the same time. The CAC 40 fell 5.9% at 6:54 am CET.

The euro jumped 0.85% compared to the dollar and went for 1.14023 at 7:16 am CET.

Breaking the News / VP

Gold and silver and platinum posted gains early in Monday's session as coronavirus uncertainties intensify with oil market crash after failed negotiations between OPEC and non-OPEC producers to keep the current output and introduce an additional one. Saudi Aramco slashed prices of its crude all destinations and reports indicated Riyadh is mulling a production boost to over 10 million barrels per day next month.

Spot gold rose 0.98% in US dollars to sell for $1,694.69 at 12:19 am CET, while in euros, it was up 0.38% one minute later, going for €1,490.37 per ounce. Moreover, gold surpassed $1700 per ounce price cap at 12:05 am CET. Meanwhile, silver gained 0.77% to $17.47 at 12:20 am CET.

Platinum was 0.06% higher at 12:20 am CET, changing hands for $908.38 per ounce, while on the other hand, palladium tumbled 2.03% at 12:03 am CET, trading at $2,517.08.

Breaking the News / NI

Crude prices extended their losses on Monday following Saudi Arabia’s decision to slash crude prices, boosting its production by over 10 million barrels per day in April.

The decision followed a failure to reach a deal with Russia at the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC ministers meeting in Vienna, as the country refused to join OPEC's crude cuts.

Brent for May delivery sank 29.60% to $32.03 per barrel at 05:01 am CET, while West Texas Intermediate for April dropped 29.99% to $29.48 a barrel at the same time.

Breaking the News / NL

Hello Supercharger, the only comment I can make is the drop of the price of crude is because opec failed to agree.
I expect they will produce some sort of new agreement within a short time frame and the price of Tullow and the other oilers will recover accordingly.