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Major stock exchanges in Europe traded lower in the premarket on Tuesday with another data-packed day ahead. Investors will be looking out for reports on the euro area gross domestic product (GDP), alongside the United Kingdom housing prices, and German unemployment change and retail sales.
In other news, UniCredit and UBS both posted their fiscal reports, while Spotify will follow suit and release its earnings at noon.
The DAX slipped 0.44% at 7:30 am CET, while the FTSE 100 and the CAC 40 both declined 0.33% at the same time.
The Euro Stoxx 50 fell 0.46% concurrently. Both the euro and the pound stood flat against the dollar at 7:32 am CET, selling for 1.08415 and 1.23447 respectively.
Baha Breaking News (BBN) / AY
Cheers- will be 25bps , but key will be the ensuing commentary from Jerome- no one expects anything like a pivot/any suggestion of incoming pivot, but a subtle move to wait and see will make a big difference on this path, although not that likely but you never know :-). The market will be hyper sensitive to any dovish tones- here's hoping
Steve I don’t say much when you mention that gold will probably see some action because of FED data etc simply because I’ve nothing to add but I do appreciate your heads up. Ty.
Wisdomtree Gold 3X Daily Leveraged
Wisdomtree Silver 3X Daily Leveraged
Tickers are
3SIL
&
3GOL
Hi Bob
Yes you can transfer physical gold into a Kinesis account but it has to meet a QAF standard equivalent to LBMA good deliverable bars. - There are of course the logistics and attendant costs involved in doing this. - It's why you probably need to be cautious and learn more before such engagement.
One thing that might interest, Kinesis has a contract with an African gold-miner for supply. - How ironic if it turned out to be Centamin. :) - I don't know who it is btw - that hasn't been revealed. - Cheers.
Hi Rebess
Many thanks for your time spent in informing the board and myself re Kinesis
Your generous offer is also much appreciated. I do hold physical gold which presumably would be acceptable.
Time i think for some further research
Many thanks again
Bob
https://stocknews.com/news/gfi-celtf-drd-3-gold-miners-stocks-to-buy-for-2023/
Centamin plc (CELTF - Get Rating)
CELTF, headquartered in Saint Helier, Jersey, explores, mines, and develops gold and other precious metals in Egypt, Burkina Faso, Côte d’Ivoire, Jersey, the United Kingdom, and Australia. The company’s principal asset is the Sukari Gold Mine project, covering an area of approximately 160 square kilometers located in the Eastern Desert of Egypt.
On January 16, CELTF announced a ruling by the Egyptian Supreme Constitutional Court (SCC) in its favor. The court upheld the constitutionality of Egyptian Law No. 32, which provides that third parties are prevented from lawfully challenging contractual agreements between the Egyptian government and an investor(s), such as the Sukari Gold Mine Concession Agreement.
The judgment was welcomed by CELTH, which would now be in a position to apply to set aside the 2011 third-party challenge to the validity of the license issued under the Sukari Concession Agreement.
During the fourth quarter of the previous fiscal year, CELTH commissioned the 36Mw Sukari solar plant. This helped the company to deliver immediate cost savings and reductions in carbon emissions and went a long way towards providing access to a $150 million sustainability-linked revolving credit facility providing greater flexibility to fund growth.
During the fiscal year 2022, CELTF’s gold production increased 6.2% year-over-year to 440.97 Koz. The company’s gold sales increased 7.7% year-over-year to 438.64 Koz during the same period. At the realized price of $1,794/oz., the revenue came in at $788.4 million, up 7.5% year-over-year.
CELTF’s revenue for the fiscal ended December 31, 2022, is expected to come in at $800.27, translating to an increase of 9.1% year-over-year. Analysts expect the company’s revenue to increase by a further 2.7% during the current fiscal to come in at $821.75 million.
CELTF has an overall B rating, which translates to a Buy in our POWR Ratings system. It also has a B grade for Stability, Value, and Quality.
CELTF is ranked #3 of 39 stocks in the Miners – Gold industry. Additional ratings for CELTF’s Growth, Sentiment, and Momentum can be found here.
Good Morning Evanescent,
I very much appreciate your kind gesture in supporting our friendly and somewhat different from the rest forum.
I appreciate that some may find our conversations and debates somewhat different from the usual boasting and spitefulness s that prevails on so many of this type of forum and we all have differences of opinions at times, but that said I doubt any other forum can boast such wealth of information on Centamin and indeed many other related and non related matters, but possibly most importantly it is a friendly forum where members aren't ridiculed for asking a question or making a trading mistake!
Keep well and good luck with Centamin!
Thank you Tibbs - That is much appreciated.
Rebess, I also meant to say,
That is a very generous offer of yours which demonstrates your personal commitment and trust in Kinesis and I can certainly vouch for your integrity!
Best
Tibbs
I reported it...no call for that sort of abuse
I agree entirely Rebess, unfortunately, it will take some time and mean some investors losing money on the alternative unbacked Crypto currencies before they come to realise that Kinesis is quite different, in fact unique!
Tibbs
Good morning Spoonington
I agree with your philosophy of caution - of course - always. - KVT is not a coin that can be spent like the Kau/Kag. - There are only 300k of them in circulation and that's all there ever will be. - The 300k of KVT's are entitled to 20% of the yield-pool, a pool that is created through the fee-structure linked to trading. - It's more like a dividend payment that is paid monthly in proportion to the number you hold, divided by 300k x 20%. - So you are right, it is not backed by gold/silver as Kau/Kag is, but rather backed by the yield-pool. With regards to caution, it's why I have made the offer, so that you can at least tune-in - observe - learn and take it from there if you want to. - It won't cost you anything. - I should stress that it is in it's early stages of development and that your gold/silver deposits are on the basis of bailee/bailor conditions. - That is to say that ownership and legal-status of balances is always your property and not the property of Kinesis. - I'm not making a recommendation to Join Kinesis, - I'm saying if you want to find out, this is what I'll do for you.
Deary me Mark 9999,
You possibly put too much salt on your corn flakes this Sunday morning, never mind you cant help outburst!
Cant recall any posts from you on gold or Centamin, possibly you have nothing to post apart from vitriol?
When there isn't much new news about Centamin It's an established tradition to post on other topics at weekends to offer some distraction from the tension of the week and keep the forum alive and ticking over!
Hope you had a lovely week end and feel much better this morning!
....and meanwhile CEY sharer price drifts lower.
It is now 2023 and despite management promises and vast amount of shareholder funds they have expended I am still waiting for the wonder.
In the title
HEY Mark99999 first four words of that post fine - last two NOT OK.
Equities in Europe traded lower in the premarket on Monday ahead of the newest reports on Germany's gross domestic product (GDP) in the fourth quarter of 2022 and consumer confidence in the Eurozone.
The DAX declined by 0.35% at 7:41 am CET. At the same time, the FTSE 100 decreased by 0.39%. The CAC 40 dropped by 0.46%.
The euro and the pound sterling both stood flat against the dollar at 7:44 am CET, selling for $1.08644 and $1.23903, respectively.
Baha Breaking News (BBN) / JR
Keywords: EUROPEAN MARKETS
Happy Monday y’al
Gold currently $1930.39
Be cautious Rebess, the KVT side of Kinesis is most definitely an unbacked “sh*tcoin” & is the way in which the promoters of Kinesis stand to make a huge amount of money from unsuspecting retail investors.
The yield lure they dangle out is a red herring if you back solve the volumes they would have to achieve to pay any meaningful yield or even cover their operating costs.
They are using the lack of regulation of crypto & also shady jurisdictions like Lichtenstein to get around the fact they are issuing a security without any oversight or reasonable financial projections or business plans - they talk about yield but fail to make any estimations of what that yield will be or what critical mass in terms of issuance & volume required to cover costs & create a surplus to enable the payment of any yield at all.
If you ignore the counter-party risk the KAU & KAG may be OK but I would not touch it. I use an ETF for my trading gold holdings, PMGOLD, it is physically backed, convertible, ASX listed & the Perth Mint is guaranteed by the Western Australian government which has an AAA rating - to me it is far less risky than Kinesis.
Hi Bob
If at any time you do want to dip your toe in, I'll send you some gold via an email link, yes it can be done, it'll only be a fraction of a gram $5-$10 worth but it will allow you to open a Kinesis account using this as your initial deposit. You won't have to deposit funds prior to going through the process. - You will have to go through the process of proving your identity of course, the usual 'Know Your Customer' (KYC) routine that is a requirement of the law these days, but it does save a lot of hassle. You will then end up with a Kinesis account showing an account balance, meaning that you can sign into the Kinesis trading platform using your security process, passwords etc. and take it from there. - It's up to you from there of course. - I'm prepared to do this for any of our posters here at any time. - Btw, it's not a crypto product as such, but rather akin to a bank-account, only your balances are shown in gold and silver, Kau and Kag, also your yields are paid in Kau/Kag. You can apply for a debit card so that you can then spend your balances of Gold Kau or Silver Kag as ordinary money. - The big difference of course being that your balances are virtually inflation-proof. - Also, as indicated in my earlier post, you can redeem your balances for the physical metal subject to the minimums - 100gsm ( 100 Kau) for gold and 200ozs (200Kag) for silver. - Its only relationship to crypto is that it uses blockchain technology as an integral part of the process, a technology that almost everybody will be using as we become more integrated with the new digital world. - Not to be confused with the cryptocurrency debacle that we see unfolding/collapsing before us.
Thanks Tibbs We seem to be a bit blind as the machinations and working modus operandii which so affects the investors on this board. I did some research but after finding out that the Chicago Nercantile Exchange is the primary managing agent (in my uneducated view aka the Fed)
I have a view that there is a cartel in operation manipulated by the fed and certain key players.
Probably a little paranoiac on this but wild swings do (again in my opinion)smell of joint and coordinated action.
In that RUSSIA in 2021/2 was the worlds second largest producer of gold just behind China have the sanctions (obliquely or otherwise ) had an effect on demand and price for physical delivery due to Putins invasion of Ukraine.
Regrds
Bob
Many thanks Rebess I am very cautious of a crypto derivative after the recent debacle and cross financing deals. However Kinesis does seem to offer a realistic solution (until withdrawals exceed the backing margin) Might dip a toe in the water.
Regards Bob
Yet another crook exposed!
Sun, 29th Jan 2023 10:06
(Alliance News) - Nadhim Zahawi has been sacked as Conservative Party chair by UK Prime Minister Rishi Sunak, after an ethics inquiry into the handling of his tax affairs found a "serious breach" of the Ministerial Code
Good one Paul!
But "Leonard Cohen" summed it all up perfectly!
Every once in a while, it’s good to get an update on the state of the world from someone with a point of view a bit more enlightened than some periodical or the evening news. Leonard Cohen delivered just such an update on his 1988 classic “Everybody Knows,” a song that was thrillingly comprehensive in its overview then and somehow remains chillingly accurate now about the threats facing this planet and the foibles of the poor fools who inhabit it.
https://www.youtube.com/watch?v=4--RS0A9MMI
https://genius.com/Leonard-cohen-everybody-knows-lyrics
Mr T--you need something a bit depressing (easily done after being in centamin so long!)
A single malt and a bit of " The Killer" . He sang this at 21-----probably realising things didnt get better. Maybe he knew about the Egyptian legal system?
https://www.youtube.com/watch?v=2y-9I3RpGY8