Member Info for Rebess

I'd just like to make a further, further comment. - Well, it is the weekend and the markets are closed.

The pressure TM is under negotiating with her Brussels counterparts is nothing compared to what is happening to her back home. - Here we are observing the chaos and calamity of vested-interest at work and not the desire to serve the interests of the UK as a whole. - Deceitful eloquence cannot persuade me otherwise. - IMO

Just one further thought that comes to mind:
She really is in the valley of death. - Cannons to the right of her, Cannons to the left of her, Cannons in front of her volley and thunder. - Under such fire, I can only wish her well.

Hi Tibbs

Just to say I hadn't picked up on your AM link when I posted mine. - Could have saved a few key-strokes had I realised.

Just a point on Brexit. - I watched Junker's coverage on TV last night and I got the distinct impression that he was mocking Theresa May. - I must say that I didn't like it.

Hi guys and pushme :-) - have a look at this/

https://youtu.be/lJ5wpWkdpjw

Hi Cowichan - My understanding here is that the Canadian detentions are a quid-pro-quo for the detention of the Huawei CFO. - The Huawei detention being a chess-move ahead of Trump's meeting with the Chinese president.
I believe the USA instigated the move and Canada couldn't refuse. - That's what I've been able to pick-up over here.

There's a far bigger consideration in my view and I suspect behind the scenes is pulling strings in connection with Brexit. - The U.S.A. - It's gotten to the point now where they dictate the fate of Europe. - They tell Europe and most of the rest of the world for that matter, who they have to have as friends and who they have to have as enemies and woe betide any that do not toe the line. IMO

I wonder why they stopped though? - Weekly shipment news was the norm, after the profit-warning they ceased. - We in our paranoid state, not you pushme, suspected they had something to hide, we even speculated there would be further downgrade RNS news on it's way. - Guess what happened next? - And all because our suspicions were aroused over their silence.

Crossrail a transport system? - Well, I'll go to the foot of our stairs.

One fact that is emerging is they were Ponzi-paying for work undertaken, using funds covering future stages to pay for work already carried-out. - The whole costing-model has been brought into question. - It was seriously flawed.

Hi daz - Good question, I think it might mean High Of Day when referring to the SP. - Not sure though.

Hi DRG - Yes. - It seemed to present as a mystery at the time and I thought there might be a link. - I'm not making a big-deal out of it, but the possibility exists I feel of it becoming a factor in ST2 proceedings/ - A sort of contagion if you will. - A domino effect.

Flogging a dead-horse perhaps with those who are already experts and anti AM, nevertheless here goes.

The Basel Committee on Banking Standards (BCBS) scrapped the old Basel II framework and put in place a plan that will be fully realized by all SIFIs by 2019. This new system is already in place in Canada, as confirmed by Canada’s top financial regulator, the Office of the Superintendant of Financial Institutions (OSFI). Under the previous rules, gold was rated as aTier 3 asset (there are now only two Tiers), and had a 50% Risk WeightingAssessment (RWA). This meant that an institution that held gold reserves on its balance sheet could only apply half of its market value towards its solvency requirements. Under Basel III, monetary gold now qualifies as a Tier 1 asset, and is 100% valued for the purposes of banking viability. Another point to consider is that SIFIs are now required to quadruple their reserves when compared to the previous minimum requirements before the banking crisis. Essentially, monetary gold is now considered risk free. This significant development remains relatively unknown – for now.

Source: http://bmg-group.com/gold-re-monetization-is-closer-than-many-realize/

It's possible that the breaking-news on Crossrail is responsible for the latest, as yet unexplained, fall in the SP.
Often used on this BB as a benchmark proof that our project will succeed. -Now it seems to have all been a myth. - What next I wonder.

Big question marks hanging over this project. - The delivery on time and on budget claims have been seriously exposed. - Not only are they not true but a bail-out could be on the cards.- I'm wondering if the facts here might have an influence on prospective investors in Sirius.

I hope Farter Christmas gives me a miss!

Hi laurenlouise
I think that's right. - It's the terms of ST2 that counts. Even if it is all debt, it depends upon the pound-of-flesh the debt demands. - It can present in many guises with most of them PI unfriendly. - We'll see, but I wholeheartedly agree, that is the crux of it. - IMO

You may trod me in the very earth
But still, like dust, I'll rise. - :-)

The U.S. doesn't raise rates? - What will that do to gold?

Because from next April gold will be classed as a tier 1 asset when held as bank reserves, it's weighting will be calculated as 100% of face value. It's value therefore cannot be artificially tampered with by outside forces, hence the dropping of the synthetic paper-market as the price-setting mechanism, replaced by verified physical deliverable gold as the medium for setting price. - My understanding of this is that it's all over folks for the crooked paper-price-setting. - It's what we have all been praying for. - Celebrate guys it's all over, it's VG day. - I think. :-)

Apologies, but I keep thinking over things which I should have mentioned.

It's possible that what we are seeing here, with the Basel initiative, is the beginning of a return to a gold-standard. - A standard that by definition has to be outside of a mechanism of spoofing and manipulation for it to work.

Just for clarification:

Physical gold, verifiably stored and ready for delivery, will replace the paper-market-mechanism of pricing based upon the futures market. - Allelujah!!!