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Interesting stuff the last 20 posts,but where is the bottom ?.Can we have more about where the share price is going whether Fundamentally or Technically.
pipedreamer
We are witnessing huge bets on the USD rising at a massive overbought state, we have the largest pull out on the gold sector since the summer of 2019 as the longs over shorts are now tiny in positional Comex contracts. We have short contracts at 25 to 1 leverage on huge volumes against gold. We have lost the 1800 support. They are throwing the kitchen sink at the entire sector. Same game as in Germany after WW1 of sell your gold and enjoy FIAT paper money soon to be pushed in wheelbarrows for a price of bread loaf.
As for Centamin, they report around the 21 July area. The key is having cash for the counter rally when everything hits the fan at some point in the next 90 days.
Of course the commodities have a huge future demand, unless the financial sector and political class abandon everything to do with climate protection as they see the price on delivering a solutions as being an impossibility. We have the UK possibly facing 40C for the first time this Sunday and we have pictures of the River Po in Italy virtually drying up. We have Spain and Portugal in a major drought and above 40C. The planet is going somewhere very warm in a hand basket which could lead to widespread famine. The joke of course is that speculators are treating gold as a commodity when many are buying it as a currency as their non-USA currencies blow up which eventually blows up the dollar as nobody else can then buy their expensive Treasuries including millions of Americans now living on bank overdrafts and waiting for more universal benefits.
How am I responding to all this. I have not sold any of my positions and breaking one of my rules. The rule I am breaking is moving huge amounts of cash into the stock portfolio and waiting to see what a mess the central banks and politicians make of all this. Cash in the bank is now becoming useless, but cash in the portfolio is now ammunition. God knows where the bottom is, but 79p buys a lot less then it did a year ago, but incredibly you can get 1 share in Centamin.
Couldn't agree more Tornadotony in most things. Interesting to see the Texas power grid on melt down, with 110d F predicted. Could sober the oil and gas brigade up?
The strength of the USD is not tenable, as it against their interests, but they do seem to enjoy shooting themselves in the foot these days (perhaps this is better usage of the AK15's in every basement).
The US is only marginaly short of civil war, and the gap is closing. Some of the stuff that is happening that does not make the mass media is frightening. How this plays out is first order interesting. Not well is my guess.
The playout to the Russia V West war in the Ukraine is going to be very interesting. The stupidity on display is breathtaking
The view from 2015 is sobering, but not enough for the leaders to do anything
https://www.youtube.com/watch?v=JrMiSQAGOS4
The view from yesterday, has more meat on the bone that some of the ridiculous commentary in the mass and social media
https://www.youtube.com/watch?v=JxdHm2dmvKE
Gold will be a strong player in the future is my view
the gnome
Gnome, thank you for renewing my faith that not all people blindly accept ludicrous western propaganda - below is an interesting recent follow up by John Mearsheimer - well worth a watch :)
https://www.youtube.com/watch?v=qciVozNtCDM
Thank you Spoonington, an interesting documentary , my wife is German and prior to the Berlin Wall coming down we used to visit some of her family in East Germany, so I am not as one eyed as you may think,
you may also be interested to see part of a communication I sent to my MP
Ukrainian President Volodymyr Zelensky and his partners in comedy production owned a network of offshore companies related to their business based in the British Virgin Islands, Cyprus, and Belize.
Zelensky’s current chief aide, Serhiy Shefir, as well as the head of the country’s Security Service, were part of the offshore network.
Offshore companies were used by Shefir and another business partner to buy pricey London real estate.
Around the time of his 2019 election, Zelensky handed his shares in a key offshore company over to Shefir, but the two appear to have made an arrangement for Zelensky’s family to continue receiving money from the offshore.
Actor Volodymyr Zelensky stormed to the Ukrainian presidency in 2019 on a wave of public anger against the country’s political class, including previous leaders who used secret companies to stash their wealth overseas.
Now, leaked documents prove that Zelensky and his inner circle have had their own network of offshore companies. Two belonging to the president’s partners were used to buy expensive property in London.
The revelations come from documents in the Pandora Papers, millions of files from 14 offshore service providers leaked to the International Consortium of Investigative Journalists and shared with partners around the world including OCCRP.
https://www.occrp.org/en/the-pandora-papers/pandora-papers-reveal-offshore-holdings-of-ukrainian-president-and-his-inner-circle
Thanks Spoonington
There is much to discuss, that is not discussed in an open and balanced media (which being a free western democracy we deserve ..LOL). One of the stupid games the mass media plays is to find the new hero, and deify them. It wore thin with me decades ago. We have had B-grade actors, nymphomaniacs, reformed alcoholics, "entrepreneurs" and now we have a clown with a fetish for offshore bank accounts.
They simply take us for emotional enitites with no ability to think, let alone think critically about the BS they serve up. It does suggest they are a bit short on the grey matter themselves, but I guess they do their best.
Throwing "leaders" onto the stage with a poorly thought through script is wearing thin. Many of the leaders struggle with stringing more than 2 sentences together without a reading from a "transparent" prompting device, which does spare us some time, assuming one would want to listen to the BS in the first place.
My cycnical day to day, the medicine must be abating.
the gnome
John Mearsheimer book on the Israel Lobby, was my introduction to his thought and research. If you have not read it, its not a bad read.
the gnome