Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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It just seems to be an inverse relation to the dollar: Dollar sharply down - gold jumps up.
Probably get some positive analyst reaction to the Sukari report over the next couple of days.
It's important to remember that gold doesn't always respond in a certain way to an impacting variable altering- rises in any commodity and stock are subject to multiple factors and it's the relationship between these factors at a point in time that decides on the stock or commodity direction.
I think the supposed logic goes like this. Inflation lower = lower bank rate = lower yields on cash = lower penalty for holding non-yielding assets like gold? Although another factor is that 12 years of extravagant QE and zero rate cash by has inflated the price of all assets, housing, equities, second hand cars and - of course gold - to unprecedented levels so a bit of row back here and there to be expected. You have nailed the other theory - bobbins!
its just completely bobbins to me that gold is doing the complete inverse of what it is supposed to be doing in this high inflation environment. This should have been bad news, and yet we have a huge jump in the POG and silver.
Cheers Cowichan, in fact cey wouldn't have needed to raise any capital as they had the cash sitting in the bank. Hmm.
Big picture though, the mine is better run now than it was in the past as far as I can make out and the news seems to keep getting better quarter on quarter
Well that's fair enough Spoonington
https://twitter.com/centaminplc/status/1602693664865763329?s=46&t=-Qdslabj2Jl74BGu4XqfuA
GO nunquam!!!
The prices of gold and silver extended gains on Tuesday following the better-than-expected inflation data from the United States, with investors now expecting the Federal Reserve to slow down the pace of rate hikes.
The November core CPI also marked a decline last month, for the first time after a prolonged period of elevated price growth. The Fed's monetary policy statement is scheduled for tomorrow afternoon, and markets expect a 50 basis points rate increase.
Spot gold jumped 2.45% to sell for $1,824 per ounce at 10:01 am ET, reaching the highest value since the end of June. Meanwhile, silver rallied 3.16% to $24.04 per ounce at the same time to reach levels prior to the July sell-off.
Baha Breaking News (BBN) / ND
Back in profit at last. :)
Being patient with this share will shape up to be one of my best investing decisions.
Nice move :))
Gold at 1809 USD as I speak.
Boom! Like I predicted the inflation tops/drops continues hehe- this is why I trade on markers :-)
Steve Comex prices at the moment are still in control, though looking at the buying price for Bullion or coinagage, you will find a different story .
Out of stock and contact for prices.
2 weeks to go to see if US are going to comply with Basel 3 accord.
Impossible to predict the result.
Could drive many Comex dealers into Bankruptcy.
Here's hoping for lower CPI in the US today to match or be even lower than predictions... a good level here will cement FED path further and gold will rise as will we... although ensuing commentary on background data remains key as always
see when it sinks in, take a few days,no doubt.
Excellent News .
Be interesting to s
https://www.lse.co.uk/rns/CEY/sukari-resource-reserve-update-80jbmcm8cvbnwov.html
Major European markets traded higher on Tuesday premarket amid the release of new economic data and with all eyes on inflation.
Today, market participants are receiving the latest unemployment figure for the UK as well as reports on economic sentiment and CPI in Germany. In addition, investors will be looking ahead to the release of the latest US inflation data.
The DAX gained 0.20% at 8:01 am CET, while the CAC 40 added 0.39%, and the FTSE 100 was flat.
The euro improved by 0.13% against the dollar at 8:00 am CET, selling for $1.05499. The British pound grew by 0.15% to go for $1.22889 simultaneously.
Baha Breaking News (BBN) / JG
You do not have a knowledge of gold mining
What is even more interesting the maximum depth of 3 D . Compared to drilling.
Yes drilling seems expensive,but in the end gives ore samples from whatever depth you wish to investigate.
Open pit ,being far different than deep mine.
for those that do not understand drilling ,it can be complex, not verticle ,but at an angle to find more and the spacings of the loade.
Drill more if it looks promising.
The early core samples at Sukari are geological specimens,worth far more than the gold ore in them.
Take a look at Centamin website.
For the few that are interested.
be very interesting. Given they sample os little of the orebody, and the orebodyies are so in****genous in 3d, one does wonder how they ever think they are gonig to get lcose without getting a lot closer drill sapcing, which costs too much, and delays the whole process.
regards
the gnome
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