Martlet

Suddenly the queue gone and nothing available.  Rather pointless.

This queue is weird, basically stuck in same 100 range for half hour.  Odd because the sovereign queue was about 4 times longer to start then cleared quite quickly after 9:30 as people dropped out. Are people sitting their admiring their selection?

$1690

Setting up a nice head and shoulders, if it falls through, support is around there by end of month. 

On covid, a few things. Delta variant is the Kent variant thats more transmissable though lower danger than earlier.  Variants are discovered all the time from across the world, however nearly all the sequencing is done in Europe where they have the expertise and equipment. Example even the original Covid was genetically sequenced and identified in a German lab. 

The latest variant was found a couple fo weeks ago, the identification release earlier this week.  It takes time to go from sample to full sequencing. The fear is there are an awful lot of mutations in this variant, several seen before in more danergous variants, and some new.  However there is no real data yet on whether this i more transmissible or dangerous to infected, nor data on vaccine response.  The market reaction is all due to fear these will be worse.  

Trade accordingly. 

4 minutes ago, Minimalist said:

Its a WGm by the Feds propaganda. The note is Federal Reserve note, by the Feds data which is highly manipulated and primary based on deception. Dont even deny it.

I honestly have no idea what you are talking about now.  I was talking about the DXY, an index calculated from currecny exchange spot trading.  It goes up when traders sell currencies to buy $, it goes down when they sell $ to buy other currencies. Its a usful tool to determine worldwide sentiment on the strength of the $ in the market. 

1 minute ago, Minimalist said:

No it doesnt, the Fed controls the DXY charts. Wake up.

Oh, of course.  Hide millions of exchange trades across the world and replace with their own feed.  Gotcha. 

8 minutes ago, Minimalist said:

If the $ has strengthened how come all other governments keep dumping it? Utter nonsense.

If Powell represents stability how is that inflation has rocketed and he attempting to conceal the true rate of inflation? 

Read the DXY chart that tracks actual trading, not what you want to believe is happening.  The market might be irrational, might be wrong, can't hide its been heading in a clear direction for months. 

13 hours ago, ArgentSmith said:

Can someone explain to me why Jerome brrrrrrrr Powell remaining as FED chair would be bearish for Gold?  🤓

 

I can offer an armchair observation the $ has strengthened so there is more about this than gold.  Powell represents stablity and I believe is considered more likely to start tapering than the other contender. 

27 minutes ago, Minimalist said:

Oh dear, you okay? Put the kettle on and relax, Martlet. Dont let the truth get in the way.

I'm fine, beer this time of the evening.  Watching a programme about the history of Scotland, it occurs to me how sad it would be to deny the Scottish contribution to modern economics. Just to perpetuate a myth of another city. 

19 minutes ago, Minimalist said:

Oh dear, Barclays in the City created NINJA loans which caused the 08 crash. Checkmate.

Thanks for playing. 

https://www.google.co.uk/amp/s/amp.theguardian.com/business/2018/mar/29/barclays-agrees-to-pay-2bn-to-settle-us-case-justice-department-mortgage-backed-securities

Yes, Barclays have a lot of responsibility.  The practice executed in US by subsidaries of Royal Bank of Scotland led to that bank's near collapse.  

It's odd to call checkmate when you've failed to back up your claims, just come up with new points to distract from the omissions.   I know its all psyops so there wont be anything. 

32 minutes ago, HerefordBullyun said:

And lets remember where they are geographically located is irelavant - they shafted everyone in 2008 and guess what it will happen again. Period!

Not irrelevant at all. The argument is the banks causing a crisis and getting bailed out are HQ'd in London, because of some special, unspecified regulation allows their operations.  The fact they are HQ'd in Edinburgh outright refutes the arguement.  You know this, keep at the job. 

46 minutes ago, Minimalist said:

Really? And the Rememberancer? 

Really.  Unless you have any sensible evidence we'll leave it there.  The Rememberancer is now a ceremonial role, most important thing they do is the Trial of the Pyx. 

24 minutes ago, Minimalist said:

In fact you are right. The City doesnt have its own laws, the Queen doesnt have to seek permission to get into the City, there is no City Police Force and the Bank of England, Multinational Banking institutions that are all HQ'd their is just by coincidence.

Really? Its hard to believe you just fund raise with the largest financial institutions on this planet, in fact, the City is considered the Capital of the planet of World for finance. All this bluff of innocence is complete and utter nonsense to conceal the truth of City corruption and deception.

Banks that participated in the 08 financial "crash", which are Headquartered in the City of London, that received state-bail-outs arent a scandal, oh, and the shareholders/owners walked free from any inquires is all a coincidence. Youve honestly convinced me.

Most amusing thing here is the largest beneficies of the bailout, Royal Bank of Scotland and Bank of Scotland, are headquartered in Edinburgh.  All those insurance companies and pension funds based there too.  So whats going on in the Scottish capital we dont know about, with their own laws, own police and multinational banking? 

Just now, HerefordBullyun said:

go and look at the spiders web documentary and tell me they dont have special exemptions then? A seperate police farce

It should be really easy to cite the exemptions then. 

Most counties have their seperate police force, its really not that important if they are enforcing the same law.  The fixation on this i think is related to US view where jurisdictions and police powers differ and matter.  But i reckon you know that. 

6 minutes ago, Minimalist said:

All here

https://history.stackexchange.com/questions/17207/what-are-the-ancient-liberties-of-the-city-of-london

A list of liberties and rights from hundreds of years ago by medieval Kings.  You have anything more recent and relevent, say a law in the past 20 years they gained exemption?   

Or does the argument stand on such archaic law as "citizens collectively may rent Middlesex for 300 pounds", "no fine shall exceed 100 shillings" or "no alehouse of the crown or the king's men shall require subscriptions"?

Fact is there is several hundred years from the "the City is independent" and the modern administrative body little different to any county council. 

31 minutes ago, Minimalist said:

Plus, the City of London is international seperate/semi-city state in corporation to the United Kingdom - this was granted through the Magna Carta.No its not, read the UK legislation it doesnt state at any point of "ownership" or "own" - the BoE is simply "hired" to carry out "monetary policy". The shareholders (who they wont tell us are) get paid an annual dividend.

The City of London has its own tax system, police force, government (Guildhall) and elected representatives and has a House of Commons rep named the Remembrancer which has the power to refuse all anti-City Banking activities.

Can you name a tax, regulation or exemption for the City of London?

Dont know if its government, but what is Pavlovian is the response to the title and assumptions made clearly not reading the article or understanding what happened.  It almost seems deliberate. I think it might be all psyops at this point, just not sure who's side. 

4 hours ago, jultorsk said:

https://bidlive.coinsoftherealm-auctions.com/lots/view/4-48D5O9/2022-elizabeth-ii-platinum-jubilee-gold-proof-5-coin-set-limited-edition-print-by-timothy-noad

At the time of writing at GBP5'550. 👀

With photos... how is this done?  Do dealers get one and put them up for auction immediately?

9 hours ago, dicker said:

Inflation up, no change in gold price

 

 

Because gold is a hedge for risk, not inflation, and UK data is marginal influence anyway.  Stronger pound today has offset $ increase, partly because oversold and more likely to see interest rate rise. 

3 hours ago, James32 said:

If the riggers had a ounce of sense, they would make us all millionaires tomorrow. 

Most of us would likely put it all straight back into the system in a matter of months buying naff stuff.

And that would cause a large increase in... ?

Oddly from around 9:30 queue position went from about 2500 to few hundred to in by 9:36.  I suppose the flippers have filled their boots and closed their browers. 

1 hour ago, AuricGoldfinger said:

Curious but do we think we will ever see sub £1000 prices again?

Ever is a long time.  Could have a large market adjustment to below £1000 once inflation recedes, we have some interest rate hikes or the £ strengthens considerably (in descending order of likelyhood.  Not likely in the short term though.  The current "floor" is in 1260-1280 range, hard to see support below that though. 

1 hour ago, DarkChameleon said:

You have to motivate change, if nobody will listen you cut what they get till they change over to solar, here in Florida we have a republican governor who won't let people install solar, the sun state won't allow solar, how stupid is that,

That is utterly moronic and shows there are ideologues on all sides.  Thats not even republican, should stand back and let market, business and individuals decide how to generate power. 

14 minutes ago, Gruff said:

That and the fact that more FIAT debt has been created in the last 20 months than in all time. And that is the USD only. Let alone all other countries. That will cause inflation regardless of supply constraints. 

That's what the text books say.  We have a decade of QE in west with little impact on inflation to argue against.  Personally, I think we have a different scenario coming up with the US planning tangible spending rather than supporting bank balance sheets.  

17 minutes ago, Gruff said:

I'm honestly surprised people bought the whole "transitory inflation" BS for so long. Looks like the masses are finally starting to wake up to the fact it's going to get a whole lot worse.. inflation will be hear to stay I feel.

Because it was and remains primarily caused by supply constraint, not demand increase.  

How it plays out is a rate rise and subsequent hit to gold, other markets in reaction. Then when oil prices drop and supply picks up, a risk of sharp reversal. 

19 minutes ago, HerefordBullyun said:

its all a game of collusion! If anyone doesnt belive the central banks dont speak to bullion, retail and hedgefund banks, before releasing thier notes, they are mental.

All a cartel! 

If they talked to everyone, they'd all front run the news, then there wouldn't be a reaction immediatly afterwards.