OBR to report next month,,, public finances will be looking very weak & wait till Trump starts on us!!!
I see trouble ahead,,,, TAX TAX TAX!!!!
which will further KILL growth!!!!
and I think we're in an economic death spiral!!!!!
oh well,, mine's another pint of London Pride please mate :-) :-) |
UK Economic Growth, BoE
2024 Q3 0%
2024 Q4 -0.1%
2025 Q1 +0.1%
going well then :-) LOL,,, doh!!!
Growth forecast slashed by 50% today!!!!!!!!!!
It don't look good to me,,,, but, what do I know!!! |
Oh well he is a market expert so will be fine.
BWTFDIK
SSB |
will open tomorrrow at 111. I wish we could abolish UT's on closing prices ! |
Gold was due a pullback although I doubt that market pays any attention to an irrelevant currency like Sterling or the BoE interest rate policy!
Nice bullish candle on silver for the day. |
ah yes, but, the harder the grind, the tighter the spring :-) :-) |
Suspect we need some news to really motor. Until then the slow grind continues. Which is fine |
apols jb2, was a bit tongue in cheek :-) LOL :-) |
It is wan. So we wore out the sellers at c.100p.
Now we wear them out at 110p.
No big deal.
They all run out sooner or later and in an ascending share it's their loss. |
silly me,, for a moment there I though AAZ was gaining some traction LOL LOL :-) doh! |
sounds about right Bumpa... |
I see normal perverse logic in action today. Interest rates drop a smidge so Gold goes down? s always knock Gold a smidge and the MMs knock the AAZ price, but ne'r the tother way round!
I presume the rate has been cut because Rachael from Accounts has pulled the rug from under the economy. |
RA.
6.5p at close yesterday
9.6m sell @ 0.15p this morning.
Don't think I've ever seen someone take a 97.7% loss in 2 trading hours before. Absolutely extraordinary. Even SCGL, still at 3000%+ up on its November price, surely won't tank 97% in hours? (Actually it's far more likely to do 100% at no notice!) |
so, inflation rising/sticky, unemployment rising, no growth?
In one word, stagflation… |
Michael Saunders Snr Economic Advisor, Oxford Economics says....
"so, here we are, UK inflation forecast rising to above 3%, growth non existent, 40% chance we're now in recession,, economy will be very soft,, rates will be cut further, but, it's a pretty poor outlook of sticky inflation & no growth"
"rise in unemployment coming,, and that's before any Trump effects happen,,, UK has been flat for 2 years already,,, monetary policy is tight, fiscal policy is tightening with significant tax rises kicking in and trade policy, risks of tariff means the outlook could be even worse"
"even if the UK is not tariffed directly, the UK economy will still suffer,,, firms who export to the US are worried,,,, Trump uncertainty is going to deter business investment, businesses won't what to take on more risk"
all in all, a very chilling picture ahead...
Is that what you business owners are seeing??
Cheers
Wan :-) |
Kmk tr1, more buys would expect another one. Good luck to jackknife if he is shorting can’t see why anyone would short it at the moment |
along with a massive Casino, Hotel & Marina complex in GAZA....... |
surely he'll just sign an order that transfers all $'s to TrumpCoin overnight, end the $ for good and wipe out all debts to boot!!!,,, at some point soon... LOL :-) |
Brasso
two other options in the article below on how to weaken the $. I am sure Trump will look at others. Cant seeing him wanting to print more $s though he is trying to cut expenditure not increase it.
Tariff threats. That said, the Trump administration could use tariff policy as leverage to negotiate another coordinated effort to strengthen other currencies against the dollar.
Other unilateral action. The US could also weaken the dollar through measures like taxing US Treasury securities held by foreigners, although this carries risks for US deficit financing and the dollar’s reserve status. |
I think the FED will want a lower $ too. A strong $ is not good for anybody. The only way to weaken the $ is to print more (increase liquidity) and to get the 10 year bond yield down. Its currently at 4.4% at seems like it may go lower in the short term. |
The demand for gold in the US is because Trump wants to devalue the $ as part of his strategy to make America great again and to make US exports cheaper. If you were American you would buy gold as well.
The US dollar is rising as investors price in Trump’s policy platform of tariffs, tax cuts and deregulation. But key members of the new US administration want to see a weaker dollar. We discuss this fundamental dilemma at the heart of the new administration’s economic policy. How might the US exercise its full array of tools to achieve economic, political and territorial objectives?...... |
Dave Ramsden answered a question about gold stocks in London.....
He said that London is the second largest stock holder of Gold in the world,,, over 400,000 bars at the moment and that's only gone down (since end of 2024) around 2% and the US gold market has been trading at a premium to London & commercial gold holders have been looking to take advantage of the price differential,,,, so there's been strong demand for delivery slots and we can meet those demands,, new customers will wait a bit longer, but it's still a very orderly process.... it takes time and the stuff is quiet heavy you know!!! (LOL)...
all very low key,,, no panic,,, business as usual etc etc..
Cheers
Wan :-) |
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