Polymetal Share Discussion Threads

[zangdook] 28/12/2023 01:41

In the absence of a persuasive justification for assisting Israel in its genocidal campaign in Gaza, our leaders are having to wage a parallel war on the western public – or at least on their minds.

To question Israel’s right to exterminate Palestinians in Gaza, to chant a slogan calling for Palestinians to be free of occupation and siege, to want equal rights for all in the region – these are now all treated as the equivalent of antisemitism.

To demand a ceasefire to stop Palestinians dying under the bombs is to hate Jews.

The extent to which these narrative manipulations are not only abhorrent but themselves constitute antisemitism should be obvious, were we not being so relentlessly and thoroughly gaslit by our ruling class.

Those defending Israel’s genocide suggest that it is not just Israel’s ultra-right government and military but all Jews who will the destruction of Gaza, the ethnic cleansing of its population, and the murder of thousands of Palestinian children.

That is the real Jew hatred.

[masergt] 27/12/2023 19:45

logliar 21230. You're forever saying that CNN tells lies. Make your mind up!

[loganair] 27/12/2023 09:19

The CEO mentioned not likely until split from its Russian assets, therefore maybe 2H 2024.

[maxplus2] 26/12/2023 21:57

Regarding Poly listed in Kazakhstan, is there a likelihood of getting a dividend. It has gone quiet.

[loganair] 26/12/2023 21:08

I understand that the new Mobilisation law that the Ukrainian parliament has just passed there are no longer any civilians, no teachers, no engineers etc either you're military or unfit for military service.

A teacher etc is now classed as military personnel without a weapon.

[lunar 26] 26/12/2023 12:24

For Ukraine's Christmas day, Russia puts on firework show in Feodosia, Crimea


Novocherkassk explodes, part joins Moskva, part joins Lunar 25


[...]

[loganair] 25/12/2023 19:37

CNN now saying Ukraine unlikely to win against Russia therefore better for Zelensky to negotiate a peace agreement with the Russians.

CNN also said if the West stops giving the Ukraine aid then the Ukrainian army will capitulate and any peace agreement will then be on Russia's terms.

[loganair] 24/12/2023 19:11

The number of transactions involving the renminbi is rising at breakneck speed. In the last three years, global use of the Chinese currency in trade finance has tripled. In September, it overtook the euro as the second-most used currency in global trade.

“It is making exponential gains in the share of trade finance,” says Phyllis Papadavid, senior research advisor at Asia House. “It is making gains in its use as a reserve currency. The overall share is still quite low, but the trajectory is very rapid.”

In the more immediate future, China may be able to protect its energy security as tension with the US intensifies.

“It takes the dollar out of the loop,” says Christopher Vassallo, a researcher at the Asia Society Policy Institute’s Center for China Analysis. “If China wants to pay Saudi Arabia for a certain amount of oil imports, they can use their currency.”

In the more immediate future, China may be able to protect its energy security as tension with the US intensifies.

“It takes the dollar out of the loop,” says Christopher Vassallo, a researcher at the Asia Society Policy Institute’s Center for China Analysis. “If China wants to pay Saudi Arabia for a certain amount of oil imports, they can use their currency.”

In addition to oil, the two nations have deepened their ties in the tech and science sectors, and Saudi Arabia is turning towards China for security.

Gurol-Haller says: “It is discussed so much among this growing, non-Western or anti-US, bloc. It is the finance side to a larger geopolitical phenomenon, which is to reduce dependency from the United States in terms of security and the economy, and then also in terms of currency.”

The next step for China and Saudi Arabia could be potential stock exchange partnerships. In February, Hong Kong chief executive John Lee travelled to Saudi Arabia in a bid to encourage the national oil giant, Saudi Aramco, to pursue a secondary listing in Hong Kong.

“The overall momentum of this building of an anti-Western bloc will create geopolitical implications for the US,” says Gurol-Haller. “In the Middle East, we already see a diminishing role of the US. That is exactly the phenomenon that such swap lines make stronger.”

While dollar dominance persists for now, the Beijing-Riyadh alliance shows its primacy will not continue unchallenged.

[31337 c0d3r] 24/12/2023 14:54

logliar, China not rolling over US Treasuries is having no significant impact whatsoever.

As 1998 Crisis Mk2 quite rightly told you, US stock markets are making record all-time-highs. Meanwhile the World Bank has forecast China's growth to slow further in 2024 and slow even further still in 2025.

Don't forget the Ruble is still over 92 to the Dollar and posturing like it's going to retest above 100 again, despite all of the Kremlin's costly panicked measures.

So if you thought somehow China is going to save War Criminal Child Abductor Putin from the quagmire he dug himself into then you are as delusional as he is.

[1917again] 24/12/2023 13:37

Another war crime by the orcs, to add to the long list


Russian naval infantry brigade deliberately using chemical weapons against Ukrainian forces, according to report.

According to Ukrinform, a report by the Institute for the Study of War (ISW) has confirmed that Russia’s Black Sea fleet’s 810th naval infantry brigade is using chemical weapons against Ukrainian forces.

This move represents an apparent violation of the Chemical Weapons Convention, to which Russia is a party.

The ISW’s report states that, in a post to its Telegram channel on 22 December, the 810th naval infantry brigade detailed a “radical change in tactics” being used against Ukrainian forces in Krynky, on the eastern bank of Kherson oblast.

The brigade claimed that some of those rotated into the Krynky area are applying the new tactic of “dropping K-51 grenades from drones” on to Ukrainian positions to smoke the forces out of their positions.

K-51 aerosol grenades are filled with irritant CS gas, a type of teargas used for riot control (also known as a riot control agent or RCA). The Chemical Weapons Convention, to which Russia has been a party since 1997, prohibits the use of RCAs as a method of warfare.

[loganair] 24/12/2023 12:16

As can be seen, China are not rolling over their US Treasury's, just slowly reducing, but not selling.

[ih_838857] 23/12/2023 20:35

Confirmation that knocker, like logliar, is nuts.

[1knocker] 23/12/2023 14:16

Trust is the key to everything.

What is loyalty? No one finds any difficulty in supporting someone he thinks is right, and costs nothing. that is not loyalty. Supporting someone when you think he is wrong, and when that support has a cost to you is loyalty. You trust the person who supports you when he does not agree with you and whose support comes at a cost to him.

So to with respecting your friends' property rights. It takes no 'honesty' to respect your friends' property rights, but it does to respect your enemy's property rights. Respect for your friends' property rights wins no trust, but respect for your enemy's does: your friends know that one day friendship may be strained.

If you run a bank, or a financial settlement system, or act as a custodian, no one can place faith in or entrust their property to that bank, settlement system or custodian service if his rights are dependent upon staying in the good books of the proprietor.

That is the difference between doing business in /with a country with a developed system of law which enforces property rights impartially and doing business in /with a country which respects property rights only so long as the owner's face fits. The difference between doing business in /with a country where the Court enforces rights according to law, and one where the Judge enquires of the litigants 'Which one of you is a friend of the Presdent?'

You can gain once by cheating a counterparty; you can prosper for ever by dealing honestly with counterparties. Its the difference between killing and safeguarding the goose that lays the golden eggs.

The USA does not understand any of that. It believes that what it wants for the world oreder is 'right' and therefore that everything it does in pursuance of its aims is 'right' and that anyone who stands in the way of the USA or anything it does is at best misguided and at worst motivated by a desire to do wrong.

[xxxxxy] 23/12/2023 11:32

Learn the lessons.And never forget.Russia is a backward, brutal country full of thieves.

[xxxxxy] 23/12/2023 11:31

11:16AMPutin temporarily nationalises Russia's biggest car dealerVladimir Putin has temporarily nationalised Russia's biggest car dealership.Sergei Petrov, the founder of Cyprus-based Rolf, said it would discourage future foreign investment.The firm was one of the first car dealerships to emerge after the collapse of the Soviet Union.Danish brewer Carlsberg and French dairy giant Danone have also been affected by Moscow's increasingly common temporary nationalisations of Western-owned assets..... Daily Telegraph

[zangdook] 23/12/2023 10:40

It might seem stupid, but I have dumped stock for whatever price I could get when I saw a company was on the verge of implosion. I ended up with something; those who held on got nothing.

If you don't just freeze but actually steal a country's foreign reserves, how can another non-allied country trust you? They can't.

The other problem is that any US assets held outside the US and its closest allies will then become liable to be seized for the reconstruction of Libya and Iraq, de-mining of Laos, de-contamination of Vietnam etc etc.

[1998 crisis mk2] 23/12/2023 10:29

spacedust agreed, Russian $350bn frozen assets will soon be seized and used to buy western weapons

Like the Patriot battery that shot down 3 x SU-34 Russian fighter jets yesterday

Meanwhile Wall street hits a record high

Its all a win, win, win, win for the US, all given by Fugitive War Criminal Putin

[robizm] 23/12/2023 10:06

I can understand China not buying any more treasuries but why would they crash the price when they own so many as that would be stupid.

[loganair] 23/12/2023 10:05

For several years I've been posting that China will continue to gently and slowly reduce their US Treasury holdings by letting them mature and not reinvesting this money back into Treasuries rather than outright selling any U.S. Treasuries, however will not do much until they reduce them to between $700bln to $800bln before making their real move, what ever this move is going to be.

China continues to reduce its holdings of US Treasury's...Figures given are always for PAR value therefore do not change due to the bond prices going up or down.

2023:

Oct - S769.6bln
Sep - $778.1bln
Aug - $805.4bln
Jul - $821.8bln
Jun - $835.4bln
May - $846.7bln
Jan - $859.4bln

2022:

Nov - $870.0bln
Oct - $877.8bln
Sep - $933.6bln
Aug - $971.8bln


The UK is now only $76.3bln less than China. Just 14 months ago the difference was $293.1bln, therefore at the current rate with in only a few short months the UK will become the second largest foreign holder of U.S. Treasury's.


Apart from China, Which other countries have been significantly decreasing their holdings over the past year?

Only Belgium.

And significantly increasing their holdings?

UK, Cayman Islands, Ireland, Canada, France, Singapore, Norway and S.Korea. Japan has only slightly increased their holdings of US Treasury's.

[spacedust] 22/12/2023 21:08

hxxps://www.aljazeera.com/news/2023/12/22/russia-may-sever-ties-respond-in-kind-over-seizure-of-its-assets

[spacedust] 22/12/2023 21:08

Poly ssets gone.....soon

Western countries are discussing the confiscation of more than $1bn in Russian assets frozen due to sanctions over the war in Ukraine.

The US “must not act under an illusion … that Russia is clinging with both hands to diplomatic relations with that country”, the official said.

Kremlin spokesperson Dmitry Peskov later said at a media briefing that countries who seize Russian assets would never be left in peace and Russia would look at what Western assets it could seize in retaliation.

[1998 crisis mk2] 22/12/2023 17:19

31337, its even better deal for the US, as the monies will come from the $350bn of frozen Russian assets

And US equipment is now proven a league ahead ie Patriot vs S-400 junk so orders flood in

And its selling gas to Europe that Russia use to

And has Finland, Sweden soon in NATO

Its all a win, win, win, win for the US, all created by Fugitive War Criminal Putin

[loganair] 22/12/2023 14:36

Apparently Kiev is full of high end shops and one wouldn't know there is a war going on - shows where all the Western aid has gone and how corrupt the country is.

For the Ukrainian elites Western aid is a gravy train, they're being enriched while the ordinary people of the Ukraine are not benefiting.

And when the conflict is over it will be a rape of the Ukrainian by U.S. companies - the deals are already signed.