The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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And usually sometimes it’s because of heavy selling in the days volume, but nope it’s not that either….
Vol. Sold 1,471,481
Sold Value £1,626,452.50
Vol. Bought 2,410,269
Bought Value £2,635,701.04
:)
Let's see what Jerome says later- hopefully rate rise will be as markets expect and non downside surprises in economic narrative and hopefully a dovish tone!
My fres and hoch did similar- 95% of the time it's the markets, economic data and/or RNS. It's very very rarely detailed political or mine info (outside of RNS)
Seems CEY SP out of all my Goldie’s acted this way, oh well let’s see what the fed has to say and how Gold reacts..
Kitco News.
Inflation seems under control,this is the time to go long on stocks.
That is no doubt the reason.
The sheep following rumours.
Anything happening in Egypt? Odd drop into red all of a sudden..
Yes chaps trend is up for precious metals and now showing annual increases. What with reserves being given an uplift for CEY, inflation levelling or falling, interest rates to level out and possibly go down next year, some are predicting on the US Markets Gold to hit USD3K an ounce next year-nice for Centamin! No doubt we will see some big boys coming in here for a share of future potential growth soon and or pension scheme funds?
Major European stock markets traded lower on Wednesday's pre-market session as investors await the US Federal Reserve's interest rate decision.
On the data front, during the day, market participants will also receive the report on industrial production in the eurozone, and the UK will publish its inflation report.
The DAX lost 0.09% at 7:06 am CET, while the CAC 40 fell 0.05%, and the FTSE 100 was flat.
The euro and the British pound were both flat at 7:11 am CET to trade for $1.06301 and $1.23611, respectively.
Baha Breaking News (BBN) / JG
Happy hump y’al
Gold price currently $1811.00
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