Forwarded from Ed
Below is a bit of an overview of what's happening in the stock market in terms of precious metals and currencies right now....Next Sunday night from 9pm to 11pm one of the topics we will be discussing is why are gold and silver are falling right now when they told you they would go to the moon? Why is the dollar getting stronger when they told you it would collapse? Why is bitcoin collapsing along with the stock market when they told you it was digital gold and was a store of value and would save your wealth during times like these ?
I hoped you enjoyed last night's chat
I hoped you enjoyed last night's chat
Forwarded from Ed
Eire is falling. Channel:
Sterling tumbled to a record low on Monday as traders scampered for the exits on speculation the new government's economic plan will stretch Britain's finances to the limit.
The British pound's searing drop helped the safe-haven U.S. dollar to a new two-decade peak against a basket of major peers.
Sterling slumped as much as 4.9% to an all-time low of $1.0327, before stabilising around $1.05405, 2.9% below the previous session's close.
It dropped 3.6% on Friday, when new finance minister Kwasi Kwarteng unveiled historic tax cuts funded by the biggest increase in borrowing since 1972.
The euro also touched a fresh 20-year trough to the dollar on simmering recession fears, as the energy crisis extends toward winter amid an escalation in the Ukraine war. A weekend election in Italy was also set to propel a right-wing alliance to a clear majority in parliament.
The dollar built on its recovery against the yen following the shock of last week's currency intervention by Japanese authorities, as investor returned their focus to the contrast between a hawkish Federal Reserve and the Bank of Japan's insistence on sticking to massive stimulus.
The dollar index - whose basket includes sterling, the euro and the yen - reached 114.58 for the first time since May 2002 before easing to 113.73, 0.52% higher than the end of last week.
Europe's shared currency slid as low as $0.9528, and last traded down 0.41% at $0.96545.
The dollar added 0.39%, continuing its climb back toward Thursday's 24-year peak of 145.90. It tumbled to 140.31 that same day after Japan conducted yen-buying intervention for the first time since 1998.
On Monday, Japanese Finance Minister Shunichi Suzuki repeated that authorities stood ready to respond to speculative moves in currency.
Elsewhere, the risk-sensitive Australian dollar slipped to $0.6487, its lowest since May 2020 and was last trading 0.22% weaker at $0.6516.
Fellow commodity currency the Canadian dollar reached a fresh trough at C$1.3625, its weakest since July 2020.
China's offshore yuan slid to a new low of 7.1630 per dollar, its weakest since May 2020.
The People's Bank of China said on Monday it will reinstate foreign exchange risk reserves for some forwards contracts, a move that would make betting against the yuan more expensive in order to slow the pace of recent depreciation.
Gold prices hit a 2-1/2-year low on Monday, pulled down by a firmer U.S. dollar and as major central banks adopted an aggressive stance on interest rates to tame inflation. Prices fell as much as 1% earlier in the session, their lowest level since April 2020.
The dollar index, which gauges the greenback versus six peers, scaled a fresh peak since 2002 boosted by a plunge in British sterling.
The U.S. central bank and a number of other major central banks raised interest rates last week, triggering concerns over its impact on growth.
A survey showed on Friday a downturn in business activity across the euro zone deepened in September.
Meanwhile, Atlanta Fed President Raphael Bostic said on Sunday he still believes the U.S. central bank can tame inflation without substantial job losses given the economy's continued momentum.
Gold prices have fallen more than 20% since scaling above the key $2,000 per-ounce mark in March.
Indicative of sentiment, holdings of SPDR Gold Trust GLD, the world's largest gold-backed exchange-traded fund, fell to 30,454,517 ounces on Friday, its lowest since March 2020.
Spot silver shed 1.6% to $18.41 per ounce, having earlier fallen to its lowest in more than two weeks. Platinum dipped 0.42% to $850.70 per ounce.
Copper prices slid on Friday to their lowest in two months on a strong dollar and fears of recession-hit metals demand after further increases to interest rates.
Three-month copper on the London Metal Exchange (LME) had dropped 3.3% to its weakest since July 25.
Sterling tumbled to a record low on Monday as traders scampered for the exits on speculation the new government's economic plan will stretch Britain's finances to the limit.
The British pound's searing drop helped the safe-haven U.S. dollar to a new two-decade peak against a basket of major peers.
Sterling slumped as much as 4.9% to an all-time low of $1.0327, before stabilising around $1.05405, 2.9% below the previous session's close.
It dropped 3.6% on Friday, when new finance minister Kwasi Kwarteng unveiled historic tax cuts funded by the biggest increase in borrowing since 1972.
The euro also touched a fresh 20-year trough to the dollar on simmering recession fears, as the energy crisis extends toward winter amid an escalation in the Ukraine war. A weekend election in Italy was also set to propel a right-wing alliance to a clear majority in parliament.
The dollar built on its recovery against the yen following the shock of last week's currency intervention by Japanese authorities, as investor returned their focus to the contrast between a hawkish Federal Reserve and the Bank of Japan's insistence on sticking to massive stimulus.
The dollar index - whose basket includes sterling, the euro and the yen - reached 114.58 for the first time since May 2002 before easing to 113.73, 0.52% higher than the end of last week.
Europe's shared currency slid as low as $0.9528, and last traded down 0.41% at $0.96545.
The dollar added 0.39%, continuing its climb back toward Thursday's 24-year peak of 145.90. It tumbled to 140.31 that same day after Japan conducted yen-buying intervention for the first time since 1998.
On Monday, Japanese Finance Minister Shunichi Suzuki repeated that authorities stood ready to respond to speculative moves in currency.
Elsewhere, the risk-sensitive Australian dollar slipped to $0.6487, its lowest since May 2020 and was last trading 0.22% weaker at $0.6516.
Fellow commodity currency the Canadian dollar reached a fresh trough at C$1.3625, its weakest since July 2020.
China's offshore yuan slid to a new low of 7.1630 per dollar, its weakest since May 2020.
The People's Bank of China said on Monday it will reinstate foreign exchange risk reserves for some forwards contracts, a move that would make betting against the yuan more expensive in order to slow the pace of recent depreciation.
Gold prices hit a 2-1/2-year low on Monday, pulled down by a firmer U.S. dollar and as major central banks adopted an aggressive stance on interest rates to tame inflation. Prices fell as much as 1% earlier in the session, their lowest level since April 2020.
The dollar index, which gauges the greenback versus six peers, scaled a fresh peak since 2002 boosted by a plunge in British sterling.
The U.S. central bank and a number of other major central banks raised interest rates last week, triggering concerns over its impact on growth.
A survey showed on Friday a downturn in business activity across the euro zone deepened in September.
Meanwhile, Atlanta Fed President Raphael Bostic said on Sunday he still believes the U.S. central bank can tame inflation without substantial job losses given the economy's continued momentum.
Gold prices have fallen more than 20% since scaling above the key $2,000 per-ounce mark in March.
Indicative of sentiment, holdings of SPDR Gold Trust GLD, the world's largest gold-backed exchange-traded fund, fell to 30,454,517 ounces on Friday, its lowest since March 2020.
Spot silver shed 1.6% to $18.41 per ounce, having earlier fallen to its lowest in more than two weeks. Platinum dipped 0.42% to $850.70 per ounce.
Copper prices slid on Friday to their lowest in two months on a strong dollar and fears of recession-hit metals demand after further increases to interest rates.
Three-month copper on the London Metal Exchange (LME) had dropped 3.3% to its weakest since July 25.
Forwarded from Ed
Other risky assets were swept up in the scramble to sell, with equities hitting two-year lows after investors realised that aggressive increases to U.S. interest rates are likely to continue for longer than previously expected.
The dollar index climbed to its highest in two decades, making commodities priced in the U.S. currency more expensive for buyers using other currencies.
Tight supply and rising demand in China, however, has supported metals prices recently.
Physical markets also registered increased demand as producers looked to replenish stocks ahead of China's National Day holiday over Oct. 1-7.
But those upbeat elements were swept away by the broader economic concerns, with rising LME copper inventories also dampening the mood after they shot up by a fifth over the past week.
Oil prices fell on Monday on fears of lower fuel demand from an expected global recession sparked by rising worldwide interest rates and as a surging U.S. dollar limits the ability of non-dollar consumers to purchase crude.
Both contracts slumped 5% on Friday to their lowest since January.
The dollar index that measures the greenback against a basket of major currencies climbed to a 20-year high on Monday.
A stronger dollar tends to curtail demand for dollar-denominated oil since buyers using other currencies must spend more to buy crude.
Central banks in numerous oil-consuming countries, including the United States, the world's biggest crude user, have raised interest rates to fight surging inflation which has led to concerns the tightening could trigger an economic slowdown.
The disruptions in the oil market from the Russia-Ukraine war, with European Union sanctions banning Russian crude set to start in December, has lent some support to prices.
Attention is turning to what the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, together called OPEC+, may do when they meet on Oct. 5, after agreeing to cut output modestly at their last meeting.
Hedge funds around the world fled positions in energy stocks last week.
Funds dropped their long and short positions in energy stocks, bonds and futures in the week ending Sept. 16 "more than any other time in recent months", and more than any other sector of the economy in the last 20 days, according to notes by Morgan Stanley and JP Morgan respectively.
The move in positions in energy came just before oil jumped nearly 3% on Wednesday after Russian President Vladimir Putin announced an escalation of the war in Ukraine and then slid almost 4% on news that crude oil and gas supplies had risen in the United States.
And on Friday, oil prices hit their lowest since January as recession fears gripped world markets.
Pound sterling collapsed to a record low on Monday, prompting speculation of an emergency response from the Bank of England, as confidence evaporated in Britain's plan to borrow its way out of trouble, with spooked investors piling into U.S. dollars.
The carnage was not confined to currencies, as concerns that high interest rates could hurt growth also knocked Asian shares to a two-year low, with demand-sensitive stocks such as Australia's miners and carmakers in Japan and Korea hit hard.
S&P 500 futures fell 1% and European futures fell 0.7%. Two-year Treasury yields broke above 4.3% to a new 15-year high. The euro hit a 20-year low.
The pound plunged nearly 5% at one point to break beneath 1985 lows. Moves were exacerbated by thinner liquidity in the Asia session, but even after stumbling back to $1.05, the currency is still down some 7% in just two sessions.
Britain's announcement of unfunded tax cuts already set off the heaviest selling of gilts in three decades on Friday and has pushed the pound to a near two-year low of 92.29 pence per euro.
The pound's plunge is only the latest unnerving move as investors' skittishness strains global financial markets.
The dollar index climbed to its highest in two decades, making commodities priced in the U.S. currency more expensive for buyers using other currencies.
Tight supply and rising demand in China, however, has supported metals prices recently.
Physical markets also registered increased demand as producers looked to replenish stocks ahead of China's National Day holiday over Oct. 1-7.
But those upbeat elements were swept away by the broader economic concerns, with rising LME copper inventories also dampening the mood after they shot up by a fifth over the past week.
Oil prices fell on Monday on fears of lower fuel demand from an expected global recession sparked by rising worldwide interest rates and as a surging U.S. dollar limits the ability of non-dollar consumers to purchase crude.
Both contracts slumped 5% on Friday to their lowest since January.
The dollar index that measures the greenback against a basket of major currencies climbed to a 20-year high on Monday.
A stronger dollar tends to curtail demand for dollar-denominated oil since buyers using other currencies must spend more to buy crude.
Central banks in numerous oil-consuming countries, including the United States, the world's biggest crude user, have raised interest rates to fight surging inflation which has led to concerns the tightening could trigger an economic slowdown.
The disruptions in the oil market from the Russia-Ukraine war, with European Union sanctions banning Russian crude set to start in December, has lent some support to prices.
Attention is turning to what the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, together called OPEC+, may do when they meet on Oct. 5, after agreeing to cut output modestly at their last meeting.
Hedge funds around the world fled positions in energy stocks last week.
Funds dropped their long and short positions in energy stocks, bonds and futures in the week ending Sept. 16 "more than any other time in recent months", and more than any other sector of the economy in the last 20 days, according to notes by Morgan Stanley and JP Morgan respectively.
The move in positions in energy came just before oil jumped nearly 3% on Wednesday after Russian President Vladimir Putin announced an escalation of the war in Ukraine and then slid almost 4% on news that crude oil and gas supplies had risen in the United States.
And on Friday, oil prices hit their lowest since January as recession fears gripped world markets.
Pound sterling collapsed to a record low on Monday, prompting speculation of an emergency response from the Bank of England, as confidence evaporated in Britain's plan to borrow its way out of trouble, with spooked investors piling into U.S. dollars.
The carnage was not confined to currencies, as concerns that high interest rates could hurt growth also knocked Asian shares to a two-year low, with demand-sensitive stocks such as Australia's miners and carmakers in Japan and Korea hit hard.
S&P 500 futures fell 1% and European futures fell 0.7%. Two-year Treasury yields broke above 4.3% to a new 15-year high. The euro hit a 20-year low.
The pound plunged nearly 5% at one point to break beneath 1985 lows. Moves were exacerbated by thinner liquidity in the Asia session, but even after stumbling back to $1.05, the currency is still down some 7% in just two sessions.
Britain's announcement of unfunded tax cuts already set off the heaviest selling of gilts in three decades on Friday and has pushed the pound to a near two-year low of 92.29 pence per euro.
The pound's plunge is only the latest unnerving move as investors' skittishness strains global financial markets.
Forwarded from Ed
The Nasdaq lost more than 5% last week for the second week running. The S&P 500 fell 4.8%. Japan intervened in currency markets to support the yen and U.S. interest rate expectations have climbed rapidly.
On Monday, MSCI's broadest index of Asia-Pacific shares outside Japan was down 1.4% to a two-year low and is heading for a monthly loss of 11%, the largest since March 2020. Japan's Nikkei fell 2.6%.
Oil and gold were under big pressure due to the surging dollar, with gold hitting a 2-1/2 year low of $1,626 and Brent crude futures down about 1% to the lowest since January.
Focus later in the day will turn to politicians and policymakers' response to the plunging pound, and to the latest round of dollar strength it has unleashed.
Japan's Finance Minister threatened further intervention on Monday, but the yen was again under pressure and fell about 0.6% to the weaker side of 144 per dollar.
China's central bank on Monday announced fresh steps to slow the pace of the yuan's slide by making it sharply more expensive to bet against the currency, though that too hardly budged the currency which shot close to its daily down limit.
All that has well overshadowed Italy's election of its most right-wing government since World War Two. Some investors were relieved at the relatively poor performance of euro-sceptic coalition partners, though it was no help to the euro.
On Monday, MSCI's broadest index of Asia-Pacific shares outside Japan was down 1.4% to a two-year low and is heading for a monthly loss of 11%, the largest since March 2020. Japan's Nikkei fell 2.6%.
Oil and gold were under big pressure due to the surging dollar, with gold hitting a 2-1/2 year low of $1,626 and Brent crude futures down about 1% to the lowest since January.
Focus later in the day will turn to politicians and policymakers' response to the plunging pound, and to the latest round of dollar strength it has unleashed.
Japan's Finance Minister threatened further intervention on Monday, but the yen was again under pressure and fell about 0.6% to the weaker side of 144 per dollar.
China's central bank on Monday announced fresh steps to slow the pace of the yuan's slide by making it sharply more expensive to bet against the currency, though that too hardly budged the currency which shot close to its daily down limit.
All that has well overshadowed Italy's election of its most right-wing government since World War Two. Some investors were relieved at the relatively poor performance of euro-sceptic coalition partners, though it was no help to the euro.
Forwarded from éıꞃe is ( falling). Rising Main channel
Calling All our Brothers and Sisters, true patriots of Eire.
A Calling for all 32 counties. United we STAND WITHOUT government intervention..
Divided we FALL, under Tyrannical Rule.
On the 1st of October next Saturday, this government along with their washed-up payed for actors and musicians.
Are holding an event in the 3arena to brainwash our people into THEIR rules and ideologies…And they need to be STOPPED.
WE need EVERY Citizen journalist, Every truth seeker, Every HTL movement with their beautiful big yellow signs for a MASS wake up call on this day..
This is an opportunity that can not be missed, Email your name and Organisation for more info.
Eireisfalling@proton.me and get on the right side of history. Thank you and GOD BLESS.
A Calling for all 32 counties. United we STAND WITHOUT government intervention..
Divided we FALL, under Tyrannical Rule.
On the 1st of October next Saturday, this government along with their washed-up payed for actors and musicians.
Are holding an event in the 3arena to brainwash our people into THEIR rules and ideologies…And they need to be STOPPED.
WE need EVERY Citizen journalist, Every truth seeker, Every HTL movement with their beautiful big yellow signs for a MASS wake up call on this day..
This is an opportunity that can not be missed, Email your name and Organisation for more info.
Eireisfalling@proton.me and get on the right side of history. Thank you and GOD BLESS.
Forwarded from REALCHRISSKY (Chris Sky)
I unpack and explain and expose the entire ELECTRIC VEHICLE SCAM in 3 Minutes. Fun links : https://group.mercedes-benz.com/company/tradition/company-history/1933-1945.html https://www.weforum.org/agenda/2022/09/electric-vehicle-revolution-policy/
👍3
Forwarded from The Exposé News (Official)
Europe suffers horrifying 755% increase in Excess Deaths among Children since EMA approved COVID Vaccine for Kids
Prior to EMA approval of the jab for kids there were no excess deaths being recorded among children…
https://expose-news.com/2022/09/25/755percent-increase-deaths-children-europe/
Prior to EMA approval of the jab for kids there were no excess deaths being recorded among children…
https://expose-news.com/2022/09/25/755percent-increase-deaths-children-europe/
The Expose - Home
Europe suffers horrifying 755% increase in Excess Deaths among Children since EMA approved COVID Vaccine for Kids
At the end of August, we exclusively revealed that official mortality figures for Europe showed a shocking 691% increase in excess deaths among children up to w
Forwarded from Jim Corr News
‘Totalitarianism Disguised As Medicine’ - The Conservative Woman https://www.conservativewoman.co.uk/the-individual-doesnt-count-stalinist-tones-of-the-new-public-health-order/
The Conservative Woman
Totalitarianism disguised as medicine - The Conservative Woman
Forwarded from Late Stage Ireland
Some detail missing in a report about a vicious assault on a young schoolgirl who was dragged along the ground by her hair and punched in her head outside St Mel's Cathedral in Longford:
>This is my daughter and the irish mirror didn't make contact with me before they went to press. I wish they would be more specific with their headline. My daughter was attacked by 3 African girls , if it was the other way round and my daughter was the assailant then I'm sure everyone would be quick to highlight that the victim was an African girl, and it would be called a "racist attack".
The Mirror reference the mother's original remarks on facebook (posted in the the third image above) so they know what she said, but chose to cover it up in their report.
🔗 irishmirror.ie
🔗 facebook.com
🔗 facebook.com
>This is my daughter and the irish mirror didn't make contact with me before they went to press. I wish they would be more specific with their headline. My daughter was attacked by 3 African girls , if it was the other way round and my daughter was the assailant then I'm sure everyone would be quick to highlight that the victim was an African girl, and it would be called a "racist attack".
The Mirror reference the mother's original remarks on facebook (posted in the the third image above) so they know what she said, but chose to cover it up in their report.
🔗 irishmirror.ie
🔗 facebook.com
🔗 facebook.com
Forwarded from Griptmedia
The Irish Times, and Ursula von der Leyen, are not happy that Italy looks set to elect Brothers of Italy as the largest party. But have those calling the party far-right even looked at their policies asks MATT TREACY.
#gript
https://gript.ie/the-brothers-and-sisters-of-italy-poised-for-power-the-irish-times-is-worried/
#gript
https://gript.ie/the-brothers-and-sisters-of-italy-poised-for-power-the-irish-times-is-worried/
Gript
The Brothers and Sisters of Italy poised for power: The Irish Times is worried - Gript
Election tomorrow
Forwarded from Satirical Soldier
If you support educating other people's children in matters of sexuality, gender ideology, and queer theory, you're a pervert.
If you bring your children to Drag Queen Story Hour, or support the idea, you're a pervert.
If you believe in the idea that a man can change his gender and occupy female spaces as he desires, you're a pervert.
Would anyone disagree?
If you bring your children to Drag Queen Story Hour, or support the idea, you're a pervert.
If you believe in the idea that a man can change his gender and occupy female spaces as he desires, you're a pervert.
Would anyone disagree?
Forwarded from Ireland - The Irish Channel 🇮🇪 (The Irish Channel 🇮🇪)
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..
The new Prime Minister of Italy.
Wow.
The new Prime Minister of Italy.
Wow.
Corrupt Tedros knows he is running out of believers but will still squeeze the last out of things for the last few willing to keep taking shots👇👇👇