The performance of the machine was lacking, it is not the fault of the strategies.
The Ferrari team principal analyzes the defeat, accusing the F1-75's drop in performance: "The car didn't allow us to do what we wanted. Then I don't deny that Charles's choice of hard tires turned out to be wrong." "We all expected a different result, the car did not work and it is evident. It is not a problem of strategy, but more of the car. Today Ferrari did not run in these conditions, you could wear any tire, as Sainz showed the same strategy as Hamilton and ended up behind him. The car didn't allow us to do what we wanted. We will try to analyze why we didn't have the right pace. " These are Mattia Binotto's hot explanations to explain Ferrari's bad day in Hungary. Difficult laps The team principal ruled out that it was a strategy issue. "Today I am the team manager and I analyze first of all this - continued Binotto - we knew that with hard tires there would be at least 2-3 laps of warm-up. On the 30 laps, we knew that the top 10 would be the more difficult. I'm not saying that the choice of white tires is the right one, but we have to review everything ". I have no answer "The priority is to understand why the car didn't work - he said - it's the first time this season that the car hasn't had race pace, basically this is the problem I have no answer to. choice of hard tires for Charles? We thought we could play for it by keeping the position on Verstappen. It was the wrong choice, but the performance of the car was lacking. "
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2022 Formula 1 World Championship Drivers' Standings
FORMULA 1 ARAMCO MAGYAR NAGYDÍJ 2022 - Race Results
One trend in the precious metals markets which has yet to get widespread coverage but deserves more attention is the plummeting inventories of physical silver in the London vaults of the London Bullion Market Association (LBMA). These comprise vaults in and around London run by the bullion banks JP Morgan, HSBC and ICBC Standard Bank, as well as the London vaults of three security operators, Brinks, Malca-Amit and Loomis. London sub-Billion Market Association. Haemorrhaging Quietly, and almost under the radar, the quantity of silver held in the LBMA vaults has been consistently haemorrhaging for 7 straight months now. Latest data from the LBMA as of the end of June 2022 shows that the LBMA vaults now hold only 997.4 million ozs of silver (31,023 tonnes). Compared to the end of June 2021 when LBMA silver inventories stood at 1.18 billion ozs (36,706 tonnes), the LBMA vaults’ June 2022 month-end silver inventories are now 182.7 million ozs (5,683 tonnes) lower than a year ago, in other words a whopping 15.48% lower compared to June 2021. Notably, most of this freefall in London silver holdings has occurred since the end of November 2021, with LBMA silver inventories having consistently fallen each and every month since then. From the end of November 2021 when the LBMA London vaults reported holding 1.17 million ozs of silver (36,422 tonnes), silver inventories have fallen by a cumulative 173.5 million ozs (5,398 tonnes). That’s a 14.82% drop over 7 months from end of November 2021 to the end of June 2022. In addition, these June 2022 LBMA silver holdings are the lowest LBMA silver inventories since December 2016 and the first time since November 2016 that the LBMA silver inventories have fallen below 1 billion ozs. Over the exactly 6 year period since monthly LBMA silver inventory data was first published in July 2016, there has never before been a 7 month period (nor a 6 month period) in which the LBMA silver holdings fell consistently each and every month. The only partially comparable time period across the data series was when LBMA silver holdings fell consistently in each of 5 months between April and August 2020, and that was during the LBMA – COMEX (Exchange for Physical (EFP)) crisis when the LBMA bullion banks in panic mode were forced to transport huge amounts of silver (and gold) bars from the LBMA London vaults to the COMEX vaults in New York to meet the delivery requirements on futures contracts so as to prevent gold and silver prices moving into real price discovery mode. Over that 5 month period between April and August 2020, the LBMA silver inventories dropped by 102.2 million ozs (i.e. a drop of 8.7%). But to put it into context, the current haemorrhaging of silver from London of 182.7 million ozs that has been ongoing since June 2021 is now approaching a figure that is twice as large as the April – August 2020 LBMA silver vault outflows from London. Lack of Underpinning
On its website, the LBMA disingenuously claims that the silver (and gold) held in its London vaults “provide an important insight into London’s ability to underpin the physical OTC market.” What the LBMA doesn’t say however, is that of the 31,023 tonnes of silver that it claims was held in the LBMA London vault warehouses at the end of June 2022, a massive 19,422 tonnes, or 62.6% of this total, represented silver held in the LBMA London vaults that was owned by Exchange Traded Funds (ETFs) such as the iShares Silver Trust (SLV), the Wisdomtree Physical Silver ETC (PHAG), and the Aberdeen (abrdn) Physical Silver Shares ETF (SIVR).
FORMULA 1 ARAMCO MAGYAR NAGYDÍJ 2022 - Top 10 Qualifying Results
The Dead Daisies have announced a temporary new vocalist and bassist after Glenn Hughes was diagnosed with Covid. The band issued a statement on Monday afternoon (25th July) confirming that Glenn Hughes will be sitting out the rest of their European tour following his positive Covid test. David Lowy’s rock collective have drafted in Whitesnake’s Dino Jelusick as their new vocalist for their European tour dates, while Yogi Lonich will play bass. “We're sad to have to announce that the dreaded virus has hit the camp again with Glenn testing positive and unfortunately unable to continue,” The Dead Daisies said. “He's doing OK and please join us in wishing him a speedy recovery.“As Yogi filled in for David when he was crook, we're forging forward with Yogi playing bass and Dino Jelusick joining us on vocals for the rest of these shows. “We know some of you were coming to see Glenn but we hope you will still come out, rock with us and have a great time. “Too many bands find it easy to just cancel but we're determined to keep playing for you guys ... Rain, Hail, Heat or Virus. “If you do want to give it a miss, we're in the process of speaking with the promoters to work something out .. we'll keep you posted. “Look forward to seeing you at the shows.” The Dead Daisies support Judas Priest at Vienna Ancient Roman Theatre in France tonight (26th July) and they wrap up their European trek at Time To Rock Festival in Sweden on 5th August. The current incarnation of The Dead Daisies features Glenn Hughes, sole constant member David Lowy, guitarist Doug Aldrich and drummer Brian Tichy.
2022 FORMULA 1 WORLD CHAMPIONSHIP CONSTRUCTOR STANDINGS
2022 Formula 1 World Championship Drivers' Standings
Deep Purple guitarist Steve Morse has announced that he is stepping away from the band on a permanent basis. In April, Morse announced that he'd be going on hiatus from Deep Purple to look after his wife Janine, who is battling cancer, but would not be leaving the band. The guitarist also said that he hoped to rejoin Purple's current tour once circumstances and improved health allowed.
Now Morse has admitted that he is unable to commit to Deep Purple's schedule for the rest of the year and beyond, and has left the band."Last Autumn, I suddenly left the Purple writing session in Germany because my wife was having a real medical crisis," explains Morse. "Almost a year later, we are learning to accept stage four aggressive cancer and chemo treatment for the rest of her life. "We both miss being at shows, but I simply couldn't commit to long or far away tours, since things can change quickly at home. I suggested lining up a substitute guitarist last Autumn, hoping we could see the miraculous cancer cure all of us have heard about. As time went by, I could see the way things were heading though, after 28 years of being in the band. "I've already played my last show with Purple back in Florida on the Rock Legends Cruise. I wish to thank the listeners who so strongly supported live music and turned every show from a dress rehearsal to a thundering, exciting experience. I'll miss everybody in the band and crew but being Janine's helper and advocate has made a real difference at many key points. "As Janine adjusts to her limitations, she is able to do many things on her own, so we will try to play some shorter nearby concert tours with friends to – hopefully – get both of us out of the house!"
FORMULA 1 LENOVO GRAND PRIX DE FRANCE 2022 - Race Results
The Department of Homeland Security (DHS) used mobile location data to track people’s movements on a much larger scale than previously known, according to new documents unearthed by the American Civil Liberties Union (ACLU).
It’s no secret that U.S. government agencies have been obtaining and using location data collected by Americans’ smartphones. In early 2020, a Wall Street Journal report revealed that both Immigration and Customs Enforcement (ICE) and Customs and Border Protection (CBP) bought access to millions of smartphone users’ location data to track undocumented immigrants and suspected tax dodgers. However, new documents obtained by the ACLU through an ongoing Freedom of Information Act (FOIA) lawsuit now reveal the extent of this warrantless data collection. The 6,000-plus records reviewed by the civil rights organization contained approximately 336,000 location points across North America obtained from people’s phones. They also reveal that in just three days in 2018, CBP obtained records containing around 113,654 location points in the southwestern United States — more than 26 location points per minute. The bulk of the data that CBP obtained came from its contract with Venntel, a location data broker that aggregates and sells information quietly siphoned from smartphone apps. By purchasing this data from data brokers, officials are sidestepping the legal process government officials would typically need to go through in order to access cell phone data. Documents also detail the government agencies’ efforts to rationalize their actions. For example, cell phone location data is characterized as containing no personally identifying information (PII) in the records obtained by ACLU, despite enabling officials to track specific individuals or everyone in a particular area. Similarly, the records also claim that this data is “100 percent opt-in” and that cell phone users “voluntarily” share the location information. But many don’t realize that apps installed on their phones are collecting GPS information, let alone share that data with the government. The ACLU says these documents are further proof that Congress needs to pass the bipartisan Fourth Amendment Is Not For Sale Act, proposed by by Senators Ron Wyden (D-OR) and Rand Paul (R-KY), which would require the government to secure a court order before obtaining Americans’ data, such as location information from our smartphones, from data brokers. Shreya Tewari, the Brennan Fellow for ACLU’s Speech, Privacy, and Technology Project, said: “Legislation like the Fourth Amendment Is Not For Sale Act would end agencies’ warrantless access to this data and head off their flimsy justifications for obtaining it without judicial oversight in the first place.” Spokespeople for Venntel and Homeland Security did not immediately comment on the report.
FORMULA 1 LENOVO GRAND PRIX DE FRANCE 2022 - Qualifying Results
A Unique Made 2 Measure Series, Curated by the Dutch Guitar Legend
Legendary Dutch guitarist Jan Akkerman rose to international fame in the early seventies with his band Focus. They explored progressive rock and had global success with hits such as “Hocus Pocus” and “Sylvia.” In 1973 Akkerman was voted ‘Best Guitarist in the World’ by readers of the leading UK magazine Melody Maker. After he departed from Focus, Jan started a solo career that continues to this day and has included collaborations with artists such as B.B. King, Paco de Lucia, and Ice-T. To celebrate the maestro’s 75th birthday, Gibson and Jan have collaborated to recreate his favorite guitar based on the black 1954 Les Paul Custom he played at the legendary concert and album Live At The Rainbow (1973). As Akkerman says: “No guitar in the world can beat this black Les Paul Custom. Such a beautiful sound. I couldn’t believe my ears when I heard it for the first time.” This series of 10 guitars were produced through Gibson Custom’s Made 2 Measure program and pays homage to the original model with some special little extras, including nylon saddles, a 60s neck, and Grover tuners. The guitar is available in three different finishes; gloss, VOS, and Murphy Lab Ultra Light Aged. Each guitar has a different song title on the headstock, making every guitar completely unique; the names are selected by Jan Akkerman himself based on his favorite songs. The current and open fraud regarding the paper gold price in the COMEX market is now as plain to see as the open desperation in the global financial system, which is unravelling in real-time all around us. As risk assets tumble foreseeably into bear territory before a headwind of deliberately rising rates, precious metals have seen headline-making falls as well. Tracking the Paper Gold Price —The Standard Answer In prior reports, we’ve noted that precious metals typically behave sympathetically when markets tank; thereafter, gold then surges north. We saw this pattern in October of 2008 and March of 2020. Furthermore, when a Hawkish Fed pursues a temporary yet face-saving policy of rate hiking and quantitative tightening, this makes the USD the relatively stronger horse in the global currency glue factory. And a relative rise in the USD, of course, is a headwind to gold. Explaining the Paper Gold Price —The Rigged Answer But let’s get to the real heart of the matter, namely: Legalized paper gold price manipulation (i.e., fraud) in the COMEX market, a topic we’ve addressed more than once. As we’ve openly argued for years, nothing embarrasses an otherwise discredited fiat currency like a rising gold price. As I’ve described it, rising gold prices are a middle finger to debased currencies whose declining purchasing power are the DIRECT result of the failed and drunken monetary policies (i.e., mouse-click trillions) of a central bank near you. Or as Ronan Manly more distinctly observed: “Gold to central bankers is like sun to vampires.” And that, folks, is precisely why the big banks (under the direction of the BIS) are deliberately (and if law school serves me correctly) as well as fraudulently manipulating the paper gold price. Facts vs. Manipulation In the first quarter of 2022, we saw record high purchases of ETF gold, physical gold and central bank gold. Even Goldman Sachs’ head of commodity research was targeting $2400 gold this year. Instead, the gold price has been falling as gold demand has been rising. Huh? It reminds me of 2008 when mortgages were defaulting en masse yet the ABX index for sub-prime mortgages was rising. In short, complete (and temporary) manipulations were going on behind the curtains of a few wayward banks, including Morgan Stanley. Today’s gold behavior (i.e., surreal manipulation) is no different and no less of an insult to the natural forces of supply and demand, which central bankers have attempted to destroy for well over a decade. But the jig will soon be up on these masters of open fraud and Wall Street socialism. The Paper Gold Price & The Horse’s Mouth For now, and in case you fear I’m just acting as a “gold bug” apologist, let’s go straight to the horse’s mouth and examine the confessions and facts of open price manipulation in the precious metal markets. And I swear, you really can’t make this stuff up, it’s just that obvious and distorted. In a recent article by Peter Hambro published by the British news site, Reaction, a 3rd generation gold insider (Petropavlovsk, Bank Hambros) made the open secret of paper gold price manipulation abundantly clear and incontrovertible. It’s also worth adding that Mr. Hambro’s entire career was that of an heir to a banking dynasty all too familiar with the insider machinations of the London bullion markets and London Stock Exchange. In short, when Mr. Hambro discusses gold price manipulation, it’s worth listening. A Chart Says a Trillion+ Words More importantly, and for those who prefer facts over human confessions or “gold bug whining,” the following chart from the U.S. Office of the Comptroller of the Currency (OCC) clearly reveals the extreme extent by which just a handful of highly pocketed (and central bank supported) banks like JP Morgan and Citi can use extreme turns of derivative-based leverage to short (i.e., keep a permanent boot to the neck of) the paper gold price: That rising bar on the far right is nothing more than crime scene evidence. As Hambro remarks, a long history of media and bank supported mis-information has tried to keep a lid on the desperate attempts by just a small number of BIS minion banks like JP Morgan and Citi to effectively prevent free market price discovery on the paper gold price. Despite thousands of daily long contracts (i.e., buy orders) in the OTC forward contract markets, if just 7-8 banks wish to use massive leverage (rising bar on the right) to short the same metal, they can effectively fix the gold price via artificial manipulation of derivatives contracts, to which only a small number of banks have access. All of this open yet legalized fraud is managed by the central-banks central bank, namely the Swiss-based Bank for International Settlements. The Jig (Rig) is Up We may be a bit jaded and realistic, but that doesn’t make us naive. Gold will get the last and honest laugh over such a corrupt and dishonest “policy.” As central banks continue to lose more and more credibility, and as investors become more and more fluent in, and aware of, the absurdity of the lies that have been sold to us for years by central bankers and MMT midgets who claim that a debt crisis can be solved with more debt, which is then paid for with trillions created out thin air, the system unwinds. As the inevitable inflation crisis emerges from precisely such absurd “policies,” the central bankers can no longer blame the obvious and long-dated/repressed inflationary consequences of their drunken monetary policies on a virus or Putin. Nor can they continue to peddle the lie that inflation was merely “transitory,” a fact we made clear long before Powell confessed it was not so. Stated otherwise, more and more folks are catching on to the fraud. The math plainly shows that expanding the broad money supply (and central bank balance sheets from $6T to $36T in just over a decade) is the real cause of the inflation in your neighbourhood and the debasement in your wallet. The First Cracks & the Last Straws
Geopolitical shifts, assassinated prime ministers, fired prime ministers, angry truck drivers, stormed capitals and Sri Lankan protestors are just the first tragic cracks in a growing social unrest driven by declining wealth and growing wealth disparity, all classic and historic symptoms and patterns of when a debt crisis leads to a political crisis, and sadly (and ultimately) more centralized controls over our markets and lives. But as even Hambro observes, eventually the last straw breaks the back of a rigged camel, and the “straws blowing in the wind are often said to presage great tempests and I believe that {the chart above] shows just such a straw.” Years of distorted, rigged and entirely reckless debt-and-print polices have made global economies and currencies weaker, not stronger. Dying Faith, Rising Gold After years of profligate central bank policies, the so-called “developed economies,” which are now little more than glorified banana republics, are losing credibility, options and most importantly public faith. This is critical. In the end, when faith in a system ends, so does its currency. We’ve written before how impossible it is to market time “the end of faith,” but charts like the one featured herein help to point out the rigging and hence accelerate the inevitable end to derivatives-based fraud, centralized price-fixing and, eventually, the OTC casino in particular. Meanwhile, the current buy window for repressed precious metals is remarkable, and once central banks cripple the markets to their deflationary pain points, chaos will return, along with the inflationary money printers—all of which will send precious metals higher and fiat currencies and markets to their mean-reverting lows. Thanks to Matthew Piepenburg |
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