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FTSE Down as spikes in both China and USA!
Mrtibbles excellent Avenue to explore. Will post further details when I receive any information.
UPGRADE for CEY Centamin.........
Centamin PLC CEY Peel Hunt Buy 157.85 158.10 170.00 185.00 Upgrades SP target now 185p
SP closed @ 158 not what is shown,if you notice the final trade was 16.21 then a gap with no uncrossing trade,possibly a comp glitch.
Equities on major European stock markets were lower in premarket trade on Tuesday as traders were awaiting the Bank of England(BoE)'s interest rate decision. It was reported yesterday that the United States government has withdrawn from digital tax discussions with several European countries and the President of the European Commission Ursula von der Leyen stressed that an agreement on a "level playing field" remains in the focus of the trade deal negotiations with the United Kingdom.
The DAX lost 0.80% at 8:00 am CET, while London's FTSE 100 decreased by 0.84% at the same time. In Paris, the CAC 40 fell by 0.64% at 8:01 CET.
The euro was 0.06% higher compared to the dollar at 7:59 am CET, trading for 1.12502. The British pound declined by 0.08% against the American currency, going for 1.25462 concurrently.
Breaking the News / MS
sorry typo in last post should read "the official regulator"
An interesting observation indeed and from what you have stated may well justify an appropriate explanation from the officail regulator.
if you have taken the trouble to make a record of your observations then why not express your concerns to the London Stock Exchange via the link on their page, all such concerns are treated in confidence.
Perhaps some of our Canadian /Australian members may also care to check if any such regular suspect activity takes place on their TSX and if so then they could also raise their concerns.
Another option in the first instance is to make Centamin investor relations aware of your observations and ask them if they have any explanation.
I saw an interesting case in Australia some years ago, where shares in a start-up would always end nearly every day with a flourish of small positive trades, which meant that the price movement for the day was up, and there was a consistent "up" pattern over the weeks. Took the regulators a little while to figure out, but they did eventually, and the father of the CEO of the startup spent some time in jail. Lets hope the regulators on London exchange are vigalent!
Very odd CEY share movements indeed.
It’s not uncommon for a share price to drop down ... but, almost, every day in the last few minutes of trading???
I am extremely suspicious of ???
Sorry about question marks but we are being ??
Inflation reported below target levels but lets see if that remains when everyone starts spending their savings after the lock downs are eased
Quite so Daniel, all part of the manipulation in supposedly regulated markets!
This is why it is so difficult for the little people to make a profit!
1 pence down again at the end ( large percentage down in last 5 mins???, very suspicious every day)
Why does CEY drop at the end of almost every day.
What a lovely thought Cowichan. It'll be a red-letter day if you're right. - It could provide the rocket-fuel that we need.
Cairo Egypt June 16, 2020
Ali Abdel-Aal, Speaker of the House of Representatives, called for attention to the file of mineral extraction, especially gold in the southern valley of the desert, and said that this resource could be a huge resource to support the state budget in a hard currency with regard to gold.
"the interior of the land in the desert of southern Egypt is storing a lot of minerals, and there are companies that have made many investments that have not been decided on the requests of this company until now,"
but unfortunately this file is managed by government standards, "a lethal and deadly routine", indicating that there is a well-known profession called "Dhuhabbah", a person who extracts gold from this region with very primitive tools, yet they find large quantities.
My Thoughts: Centamin is going to announce they reached a mutually beneficial deal to expand production under the new mining terms... the government of Egypt is desperate for revenue - oil & gas prospects are down in the dumps - a cash generating project needs to be fast tracked and Centamin are the only ones in a position to make it happen
Is it too early to make a stab at a final dividend forecast? I need to invest my ill gotten gains from the Covid testing stocks I think need to depart my portfolio, as the virus, I optimistically suspect, will soon depart our lives. I'm pretty heavily invested here but with the gold price holding at these levels, barring some catastrophe, we must be on for a mega year.
Jun. 17, 2020 5:59 AM ET|By: Yoel Minkoff, SA News Editor
The Fed's moves to backstop credit markets, combined with a rebound in U.S. retail sales and prospects for COVID-19 treatment dexamethasone, appear to have put a floor under equities (for now) as futures rose another 0.4% in overnight trading.
It follows several days of turbulence fueled by a cascade of news about fresh coronavirus infections and its impact on the global economy.
In his semi-annual monetary policy report, Fed Chair Jay Powell told lawmakers on Tuesday that the path to recovery remained uncertain, and he'll testify for a second day today before the House Financial Services Committee.
Just as Centamin produces the real-stuff, for the goldies amongst you, the majority I should think, you might find this interesting.
Trump administration puts pressure on Australia & other countries
On Wednesday at 3 pm CET, the UN will hold an unprecedented debate on systemic racism and police violence. They could order the set up of an independent commission of inquiry investigating police brutality in the US. But, we need to pressure our governments to demand US accountability at this meeting!
Insiders say the Trump Administration is exerting massive pressure on countries to take the spotlight off the US. Australia and European countries have capitulated to a watered down resolution, and other countries are also coming under intense pressure.
Of Course There Are Protests. The State Is Failing Black People. (New York Times)
George Floyd killing: sister says officers should face murder charge as protests grow (The Guardian)
The Fed had very little choice. The language will of course be polite, the hieroglyphics will increase, the value (buying power) of fiat has and will continue to go down (don't believe the stats just have a look at the prices of the things you need and you buy...do your own research!
Not only have they got little choice, they have even got less of a clue as to what to do. They need to simulate employment, minimize underemployment (endemic), increase discretionary spends in the populace..etc and how are they going to do this?
Mr Powell said the Fed's move to buy corporate bonds, which fulfilled a pledge first telegraphed on March 23, was "out of an excess of caution" rather than a desire to distort normal market signals. So what? distort the markets they have and will do. Not much choice here.
Although the Fed's corporate bond buying sent Wall Street off on another rally that raised benchmark equity indices about 2 per cent on Tuesday, critics argue such tools distort normal "price signals" that markets provide – such as warnings of future inflation – and may be difficult to reverse. Equity market is frothy, over stimulated, and we are doing more of the same...flight to quality, flight to gold
European markets were mostly flat in premarket trading amid disputes between South Korea and North Korea. Pyongyang is reportedly determined to go on with "all kinds of military exercises" near its border with South Korea. Meanwhile, investors will be monitoring data to come. The United Kingdom will be releasing its producer prices index core output data as well as the report on the country’s consumer price index.
The DAX dropped 0.17% at 8:00 am CET. At the same time, the FTSE 100 and CAC 40 were flat.
The euro grew 0.12% against the dollar at 8:00 am CET, buying 1.12771, while the pound was down 0.08% compared to the greenback to go for 1.25638.
Breaking the News / TF
Happy hump y’al...
Why has CEY share price fallen today?
Barrick Announces Partial Monetization of Investment in Shandong Gold and Continuing Strong Partnership
Barrick today announced that it has sold 79,268,800 shares of Shandong Gold at a price of HK$20.50 per share for gross proceeds of approximately US$210 million. Barrick purchased the shares in the fourth quarter of 2018 at a cost basis of HK$10.50 per share.
Jun. 16, 2020 5:32 AM ET|By: Yoel Minkoff, SA News EditorA big turnaround on Wall Street was seen Monday as the S&P 500 erased a 2.5% drop following word that the Fed would begin buying individual corporate bonds under its Secondary Market Corporate Credit Facility.Futures are adding to the gains this morning amid reports that the Trump administration is preparing a $1T infrastructure proposal, as well as an executive order on police reform. Dow +1.7%; S&P 500 and Nasdaq +1.2%.What else is happening? Fed Chair Jay Powell heads to Capitol Hill for his semi-annual economic testimony before Congress, and the latest retail sales figures will provide a key look at U.S. consumer spending activity.