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Share Views Episode 9 - Early Stage Investment Opportunities


Centamin Egypt Share Chat (CEY)



Share Price: 148.00Bid: 147.90Ask: 148.00Change: 0.00 (0.00%)No Movement on Centamin
Spread: 0.10Spread as %: 0.07%Open: 147.20High: 150.10Low: 146.30Yesterday’s Close: 148.00


Share Discussion for Centamin Egypt


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mrtibbles
Posts: 5,424
Observation
Opinion:No Opinion
Price:148.00
European investment banks
Wed 19:29
Thomson Reuters

European investment banks are struggling to make money in a world of zero interest rates and tougher rules on capital.

And their livelihoods are set to get riskier.

Tidjane Thiam, the CEO of Credit Suisse, said that market volatility will spike in the next few months as political uncertainty takes over in Europe.

Italy is set to vote next month on a referendum that could see the end of Prime Minister Matteo Renzi's attempts to reform the country's political system.

The US heads to the polls in early November in one of the most divisive elections in living memory, while France and Germany both face general elections next year.

This is all happening at the same time as the UK attempts to negotiate the terms of its exit from the European Union.

"I think the next nine months are going to be difficult," Thiam said at Bloomberg's Most Influential conference in London.

"I cannot remember, in my lifetime, so many elections. Politics are going to play a big role. I think you will have spikes in volatility. And then you also have the drift towards populism in the political discourse, which will scare markets. The next six to nine months are going to get choppy."

Thiam said that his decision to raise capital ahead of most analysts' expectations has helped the bank weather the increased political risk.

"Risk is everywhere, risk is everything. I trained in maths and physics and all that teaches you is that basically the world is a big random experiment," Thiam said.

"I know I don't know. Only a fool would try to make a five-year prediction in a world that is so random. You cannot see the future, that is a futile activity. What you can do is think through how you're going to cope with a range of futures and then you define a risk appetite – which is what probably of death are you comfortable with."

"In life you should only worry about the bad outcomes. If you raise capital and you're wrong, it's ok. If you don't raise capital and you're wrong, you die," Thiam added.

Brexit was "like Russian roulette, one in six. Actually it was 22%, it was higher, one in five," Thiam said, but that Credit Suisse had implemented a strategy of "de-emphasising London last year" and is in the process of moving some operations to Dublin, Luxembourg and Warsaw.
 
mrtibbles
Posts: 5,424
Observation
Opinion:No Opinion
Price:148.00
More side lining?
Wed 17:04
Sep 28, 2016 - 11:13 AM GMT
by Martin Hayes
Gold bullion prices settled back slightly during moderate European trading, with the market seeing some sub-$1,330 technical selling and liquidation.

– Traders said the market otherwise lacked inspiration, with the dollar doing little and investment interest low-key.

“In the short term, with physical demand for gold weak in India and China, all the buying is being left to investors,” FastMarkets’ William Adams said. “Now that prices have stopped rising – they have been trading sideways since July – there is a risk that investors move to the sidelines.”

– Spot gold was indicated at $1,324.15/1,324.55 per ounce, a $3.00 loss from the previous close, with prices comfortable near $1,325.

– In others, spot silver likewise drifted – it was six cents lower at $19.10/19.12 per ounce. But the PGMs were stable – platinum was up $1 at $1,022/1,027 while palladium gained $2 to $699/707.

Markets lacking inspiration,is it any wonder with the uninspiring two faced lying politicians who run our countries!
uncertain
Posts: 259
Off Topic
Opinion:No Opinion
Price:148.00
RE: I agree Uncertain
Wed 16:59
The labour party may come out in favour of proportional representation after the next election.
mrtibbles
Posts: 5,424
Answer
Opinion:No Opinion
Price:148.00
If the geral public
Wed 16:59
Would show 10% of the interest in politics they show in Facebook or reality TV then things may change!
But the public s attention is easily diverted with tosh and the greedy politicians know that and so exploit it to their advantage!
Repression
Posts: 711
Off Topic
Opinion:No Opinion
Price:148.00
RE: uncertain : logic
Wed 16:58
They had an interview with the chairman of UBS this morning on Bloomberg and he summed it all up perfectly, among other things admitting It's an artificial market based on QE and not growth, and a nightmare for Joe Bloggs with his savings and pension fund who doesn't want to take on risk.
mrtibbles
Posts: 5,424
Answer
Opinion:No Opinion
Price:148.00
I agree Uncertain
Wed 16:54
However when it comes to blatant misrepresentations of debt figures from rightwing ideologues, we really are misleading people. These figures are simply wrong and are designed to frighten people into voting against there own personal interests. It is fine to point out how large these figures are, but if they are financed out of future taxation, they need result in no debt. The real argument is about what the level of taxation should be, and they are disguising this as a problem of debt

But the problem is that none of the main political parties want to admit that Free NHS with ever increasing services etc. has to be paid for and the fairest way is taxation,that is not a vote winner!

The alternative parties will never get many seats until we get proportional representation and the main three parties show little interest in that!

Tibbs
uncertain
Posts: 259
Off Topic
Opinion:No Opinion
Price:147.80
RE: uncertain : logic
Wed 16:38
Agreed, the 1% have taken all the benefit, partly due to QE, partly due to labour markets that are so flexible, they are double jointed, partly due to fly by night multinationals moving jobs to the lowest corporation tax bidder.

The "unpayable debt bomb Ponzi scheme" is however an invention of the loony right. Yes we have Brexit and Trump, but not because of this imagined enemy, but because of stagnating working income and fears about immigration. People feel powerless in the face of distant government and uncaring multinational corporations so they deliver a protest vote.

The "unpayable debt bomb Ponzi scheme" is firstly payable because of low interest rates, secondly is not a bomb because it will not explode (see firstly), thirdly is not a Ponzi scheme (check the definition), fourthly has happened before (see 1950s levels of public debt which were much higher) and fifthly where debt has not grown (Spain, Greece, Portugal) their economy is in ruins.

The argument about debt is not helped by the kind of silly exaggeration in the article referred to by Tibbs. The people putting the argument forward are trying to slim back the state, cut their own taxes, and have persuaded ordinary working people to back them by telling outrageous lies. When these people lose their jobs there will be no safety net to save them, but the billionaires will be laughing all the way to the bank.

So much for the political arguments. Illusions about the future price of gold are what is relevant here. Horror stories about imminent financial collapse, of armageddon proportions, persuade people to invest in the ultimate safe haven. I repeat that I think it is wrong to mislead people into believing this story. Gold may rise in price, and indeed I am betting on it, but it is not an nailed on certainty and people should understand the considerable downside risks.
Marmot74
Posts: 633
Off Topic
Opinion:No Opinion
Price:148.70
uncertain : logic
Wed 15:30
It is precisely because governments have failed to keep spending as a proportion of taxation that we have got the unpayable debt bomb Ponzi scheme today. The journey from capitalism to banksterism since 2008 has proved to be a disastrous cul de sac, and not a route to economic growth. The 1% have taken all of the QE money there is none left for the public. That is why Brexit and Trump are not one offs. The silent majority have had enough.
uncertain
Posts: 259
Off Topic
Opinion:No Opinion
Price:149.60
And while we have been
Wed 15:15
having these discussions, CEY has made a nice little surge towards 150, and is up near 2.5 on the CCR measure
uncertain
Posts: 259
Off Topic
Opinion:No Opinion
Price:149.60
RE: RE RE: RE RE: Us debt $133
Wed 15:06
We can agree about the paper gold market, and to some extent about the interventions by governments in financial markets (although these often fail in the end - remember the pound and the ERM in the 90s). We can also agree about Lloyds in which I held shares for a while. I expect we can both agree with Marmot about likely future changes in the international trading and monetary system (although I have reservations about the likely speed of change). We are not misleading anyone in these matters.

However when it comes to blatant misrepresentations of debt figures from rightwing ideologues, we really are misleading people. These figures are simply wrong and are designed to frighten people into voting against there own personal interests. It is fine to point out how large these figures are, but if they are financed out of future taxation, they need result in no debt. The real argument is about what the level of taxation should be, and they are disguising this as a problem of debt




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