Johnson v Corbyn: The ITV Debate | Metals Mine
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Ross88
Nov 20, 2019 12:49pm
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Quoting auricforecas
{quote} So if I understand, uncertainty either way, just the question is how much of it Either way I think good for gold, so yeah, would be on the BUY side for XAU

A 4 day working week would also make uncertainty Jeremy Corbyn would be great for gold
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auricforecas
Nov 20, 2019 11:07am
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Quoting Ross88
{quote} Jeremy Corbyn will bring more uncertainty to the British economy with his brexit plans of more negotiation with the EU and then another referendum that's without the uncertainty created around privatising the internet
So if I understand, uncertainty either way, just the question is how much of it Either way I think good for gold, so yeah, would be on the BUY side for XAU
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RossEdwards
Nov 20, 2019 6:04am
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With respect.. I think it inconceivable to believe that the damage that "uncertainty" on the form of this whole Brexit project has brought to the UK economy, (so far (£78b.. and counting***) will be in any way greater than an actual exit event, under any of the current Brexit options.. simply hasn't done the analysis or the sums.
Its like selling at the bottom. Just crystallizing the loss.
It was a mistake. Even the "People" have long since recognised this..

Attached Image


But who cares about facts..

*** Source Bank of England
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tomorton
Nov 20, 2019 8:02am
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The fact that we had a referendum on EU membership tells us straight away it was a political issue not an economic one.

I think we were always in a crisis situation since we joined the EU project. We were doing well financially from membership but we were always going to be facing the abolition of the UK and its absorption into a United States of Europe. So in the end we come back to Brexit, if not now then one day down the line. Why not deal with it now?
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Ra.
Nov 21, 2019 3:56am
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Quoting RossEdwards
With respect.. I think it inconceivable to believe that the damage that "uncertainty" on the form of this whole Brexit project has brought to the UK economy, (so far (£78b.. and counting***) will be in any way greater than an actual exit event, under any of the current Brexit options.. simply hasn't done the analysis or the sums. Its like selling at the bottom. Just crystallizing the loss. It was a mistake. Even the "People" have long since recognised this.. {image} But who cares about facts.. *** Source Bank of England


The only reason why it's a mistake is because EU doesn't want UK to leave. If they do (leave), they're going to make them hurt for it, and honestly, their tactic is to wear down the public's belief this is a good idea.

This is where political agenda clashes with public wants. Albeit, the people were 50/50.

I don't think it's a mistake, nor do I think it's right, but there are definitely some players in this who have alternative agendas from the people.

https://www.bloomberg.com/news/featu...beat-the-crash
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Ross88
Nov 20, 2019 5:33am
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Quoting auricforecas
Well I think as soon we se "Johnson" in the news, in almost any context... that might be good for gold.. The more uncertainty, the better for GOLD.
Jeremy Corbyn will bring more uncertainty to the British economy with his brexit plans of more negotiation with the EU and then another referendum that's without the uncertainty created around privatising the internet
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RossEdwards
Nov 21, 2019 10:36am
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Quoting Ra.
{quote} The only reason why it's a mistake is because EU doesn't want UK to leave. If they do (leave), they're going to make them hurt for it, and honestly, their tactic is to wear down the public's belief this is a good idea. This is where political agenda clashes with public wants. Albeit, the people were 50/50. I don't think it's a mistake, nor do I think it's right, but there are definitely some players in this who have alternative agendas from the people. https://www.bloomberg.com/news/featu...beat-the-crash...
What an extraordinary observation. I know of no significant players other than Putin and subsequently Trump that share your view that Brexit is not a mistake.

I would have thought that three priorities should inform a smart resolution to this crisis.
And one that's both genuine democratic and that investors in UK and Market participants could subscribe to.

1. What the Electorate (the People of the UK) want. - in 2016 they wanted to Leave. But for the last 2 years all polls show the majority have changed their minds and see the 2016 vote as a mistake.

2. What UK business needs to prosper. Since national prosperity depends on a stable and open market environment similar to single market EU access currently available to UK industry - any change to that is universally recognised as damaging to UK industry. This is reflected in fact that vast majority of UK industry is adverse to brexit.

3. What advantages UK can reasonably hope to achieve economically from an exEU status post Brexit.
to offset what would be considerable damage to the economic and social fabric of UK society from brexit.
There is NO such narrative. There is no upside. Taking a risk, suffering short term disadvantage with expectation of a defined advantage is a reasonable aspiration. In case of Brexit .. there is none.
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auricforecas
Nov 19, 2019 3:03pm
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Well I think as soon we se "Johnson" in the news, in almost any context... that might be good for gold..
The more uncertainty, the better for GOLD.
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RossEdwards
Nov 20, 2019 4:57am
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A BIG for NewsStand for providing this link for international traders.
Excellent link. Thanks Chaps.
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