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About Bumble

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StackerCollector reacted to a post in a topic: Any fans of Daniela
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swanky reacted to a post in a topic: Gold Monitoring Thread £ GBP only
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MancunianStacker reacted to a post in a topic: Gold Monitoring Thread £ GBP only
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Nah. That guy is clearly an amateur. Check out this video of day trader Stephen Kalayjian for a real rig.
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272 reacted to a post in a topic: Gold Monitoring Thread £ GBP only
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dicker reacted to a post in a topic: Gold Monitoring Thread £ GBP only
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Bear in mind that gold competes for investment money with other asset classes. Investors are expecting the USA to spend lots of money on infrastructure and this will be good for many stocks, especially in the construction, manufacturing and basic materials space. Add to that the fact that a lot of people are piling into BTC because it has doubled in a few weeks and the sky is the limit. So investors are leaving gold behind, at least for now. Gold will probably do better if price inflation starts to pick up, because the central banks will almost certainly keep interest rates low.
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Bumble started following Lithium and Uranium and green energy investments and LBMA and the future of gold trading
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There is an interesting recent video on Youtube called "Trouble in Paradise as LBMA and COMEX Challengers Emerge" from a channel called GoldSilver Pros. https://www.youtube.com/watch?v=1x4ysOBdsmM It is about half an hour long. If you don't have time to watch, here is my own brief summary. According to a Reuters report (https://www.reuters.com/article/gold-lbma-exclusive-idUSKBN27S0NK), the LBMA has sent a letter to a number of countries that are involved in bullion dealing, expressing concern that they are not doing enough to prevent gold being used for money laundering and/or that
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Jewellery is a really bad way to buy gold. In the UK, a lot of jewellery is only 9 karat. If you buy a £300 item of jewellery, it would not be unusual for it to contain only about £100 of gold. A sovereign can usually be purchased for about 4% to 5% over spot, maybe less if you shop around. A larger coin such as a krugerrand can usually be found at even more keen prices. When buying coins or bars, remember you will want to sell them one day, so choose items that are highly liquid. Sovereigns, krugs, eagles, maples, kangaroos and philharmonics are among the most liquid coins.
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The gold price was driven down hard first thing. It may have been to get a low price on the London a.m. fix (at 10.30 GMT), or it may just have been to get a low start to the day. The low price didn't hold, but it didn't recover fully either.
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GCL up strongly again today. Another interesting company is MP Materials Corp. (MP) which is an American company specialising in rare earth metals. Many of these are needed for renewable energy. Most currently come from China, but there is likely to be a push towards local production, if only to protect the supply chain.
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Data from 2016. It is interesting how even 40 years on, the countries of eastern europe have not recovered from the ravages of communism.
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My first trade - Shell / BP
Bumble replied to Stacktastic's topic in Personal Finance / Other Investments
I don't think there is a definite time. Some states precount mailed-in votes and some don't. Some states take longer to count depending on whether the ballot is electronic. There may be recounts. If the vote is close it may all end up in the Supreme Court. What is likely is that pundits will use the results in some particular key swing counties to predict the final result. Unless we get a big surprise, like a decisive Trump win, the market will already have priced in the result. -