Member Info for SteveJones999

Maybe it could be a good thing if they stopped eating as much!

From Reuters:

https://www.reuters.com/markets/us/futures-edge-higher-investors-await-inflation-data-2023-07-11/

Impossible to predict- FED seems to think inflation will be still sticky as they are hawkish according to latest comments- but markets think differently… will find out tomorrow

Ooops soz I meant to say that inflation was perceived to me topping very soo. and a big drop on its way- it’s been sticky since to say the least!

None of this matters Tony- you’ll go mad… the price is what it is and trade on the things that move it or just buy at this low price and hold for 5 months - inflation was non existent back then

I think 95% know this… and the comment was not directed at you it was directed at the usual **** kitco post, and to think someone gets paid for this. The info serves about no purpose to help people trade- deeper analysis and open scenario planning with permutations is what I would expect from paid articles

Ooops

Meant to say- of the dollar declined, it would do on that job report-

And when the dollar felines gold goes up

Of course the dollar declined - it would simon that jobs report

Everyone keeps mentioning contract end, waste clear and so on and no one states the impact on aisc. When the mine is correctly run, there will always be an ongoing cost for clearance, but how much will it drop to?

Mr T- what % of the aisc is the clearance form the issue, and will be removed when done that you are banking on? By this I mean what % drop when we are bau?

Because numbers go up if more people are employed it’s that simple. Jobless claims only reports what it says- not everyone immediately claims, as far as I’m aware I don’t see a regular stat stating job losses.

It is what it is so we have trade within the systems

Imperfections

In the title

I remain completely unclear too- as far as i know they’ve never said it’s done and moving forward this is the new amount which is on-going for normal operations and so on.

yep not great alas. boe are responsible for the low rates too long- they need a massive kick. covid policy was bonkers as i posted here at the time- i was ok with lockdown one, but once we knew more about it, i was for let it carry on through everyone in summer whilst nhs is at least stressed, and those at risk protect themselves as best as poss. then most would have got it. instead, all the policy did was delay it until everyone got it, in the misguided approach that this wouldn't happen- and the rest of approach poor too, although boris was better at stopping more lockdowns that anyone else- all other parties wanted more and longer ones... what angers me more, is all the tv pundits whining on about lack of money, when they were the same ones incorrectly saying keep lockdowns and when warned of economic consequence they simply said so be it. but now the same pundits whine on, bonkers. we knew the knock on death rate will be far higher from lockdown policy on cancer, education, and so on. you cannot shut economies globally and bring them back up and down like a *****s draws in a global supply chain and expect no issues with this bonkers unclear/uncertain plan- it was blindingly obvious and stated but ignored. ukraine has contributed unexpectedly and i agree with the gvt approach here and accept these consequences.

Yep :-0. And the markets continue to remain strong- I recall soooo many analysts and "experts" in March 2023 lows "S&P will drop to 3,300", NASDAQ sub 10k and so on and so on....

Yep for sure- and a second up day here.

Have a good weekend- World Superbikes from Donington, Ashes cricket and British Masters golf all on TV for the lazy lol

I was saying that it was ever thus.

I don’t agree here Mr T. It was ever thus, years ago it was even “posher” with less access to key driving data, and immediate trading. Now we have lots more access to data, whether or not all are equal or milliseconds apart is open to conjecture. Only you can decide on the validity of the data too. The next news has always driven the SP, I don't believe in manipulation on CEY, you’d need a major player to buy buy buy, take a huge risk that lemmings will follow, then sell sell sell. In the computer driven trading world we live in you’d need to also be able to outsmart all the increasingly sophisticated algos, many of which are now ai based that you are not simply buying on no real news- else you’re the one left holding the loss.

Lol thanks Razor! Let’s hope for a climb back here despite the headwinds- the markets decide when the PM’s have been whacked enough, in the absence of significant moving news.

I did some trading today here. I tend to do this around data release times so you can guess when. It doesn’t always work but does more often than not. For miners, i used to go hgm and rrs both since sold, and have done fres but hate the stamp duty, and dabbled in hochs. These days only on cey. Will take a look at SHA though.