Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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The prices of precious metals advanced significantly on Thursday, with those of gold and silver increasing by more than 2% and 3%, respectively.
The move followed the report on the annual inflation in the United States, which showed a figure lower than the previous month and better than analysts predicted. The result caused a rise in market indexes in the US and Europe, as well as in the prices of oil.
Gold advanced by 2.31% at 9:46 am ET to sell for $1,744.06 per ounce. Silver went up by 3.38% to go for $21.73 per ounce. Platinum surged by 4.49%, selling for $1,032.40 per ounce. A minute later, palladium grew by 1.76%, going for $1,900.52 per ounce.
Baha Breaking News (BBN) / JR
Hardly surprising as Gold is at 1737 as I write.
Good Luck all LTH.
Patient people.
We live in a funny economy where less inflation is good for precious metals
BOOM! Check your stats- like I've been saying and boring you all for months, top and drop...
June 2025 gold futures selling at us$1880, and June 2028 us$1990 Gold (NYM $/ozt)
The futures look very rosy for gold, no futures I can see in the WSJ NY market lower than current price.
https://www.wsj.com/market-data/quotes/futures/GC00/contracts
There are some shudders going through the market, with Meta laying off 11,000, Redfin has tied up hundreds of millions of dollars in houses that ‘you yourself wouldn’t want to own right now.’ and as a consequence has laid off 13% of theri staff, and crypto melted down again and may finally be discovering the fundamental flaw of trying to build an alternative to government-backed finance: no government backing.
and of course, Goldman Sachs Group Inc. promoted 80 bankers into its partnership on Wednesday, the biggest class since Chief Executive David Solomon took over in 2018, almost guarantees a salary of $1m +, so happy to see the Goldmans group happy and relaxed! The class battle continues in the USA, and can only see social unrest in the future,
The midterm elections in the US has not quite turned out as predicted, but probably enough in it to coax Trump to run again for President?
A memo for the record was released in USA, on conversations with President Cheney: and VP Bush Ezra Cohen, chair of the board, said the declassification of the historical record was “an important step towards additional public transparency.” https://www.archives.gov/files/declassification/iscap/pdf/2012-163-doc-1-release-material.pdf
Interesting read, for those interested in "history"....some of the first steps toards the invasions of Iraq, Afghanistan, Libya, and the destabilisation of Syria.
You do have to have a sense of humour about things !!!
Here's hoping... :-).
"With no final results yet available from the U.S. mid-term elections, in focus later on Thursday will be inflation data which is likely to show a slowing in both the monthly and yearly core numbers for October, according to a Reuters poll.
That may lead the U.S. Federal Reserve to reduce the size of its planned interest rate increases, which would be considered positive for economic and oil demand growth."
European stocks declined in premarket trading on Thursday as investors awaited an array of corporate earnings, including reports from AstraZeneca and ArcelorMittal, as well as the latest inflation report from the United States due for release later in the day. Elsewhere, the US midterm election remained in focus with the final outcome for both chambers of Congress yet to be decided.
The FTSE 100 fell 0.48% at 6:57 am CET, the DAX lost 0.45% and the CAC 40 was down 0.48% at the same time.
The euro added 0.25% against the dollar to sell for 1.00357 at 7:02 am CET and the pound gained 0.52% compared to the greenback to go for 1.14092 at the same time.
Baha Breaking News (BBN) / NP
could be difficulties keeping up production**
----------------------------------------->>>>
Chamber of Mines of Burkina Faso
3,268 followers
13h • 13 hours ago
To date, four mining companies are at a standstill, mainly due to the security situation (with the exception of the Perkoa mine). Several others are experiencing difficulties in their supply processes.** This represents between 2,000 and 3,000 direct jobs at risk and revenue losses for the state of nearly 25 billion CFA francs.
Gold production, Burkina Faso's leading export product (83.7% of export revenues in 2020 - EITI 2020 report), has been declining since January 2022 (-13.4% in August 2022**).
https://www.linkedin.com/feed/update/urn:li:activity:6996035307829612544
Anecdotal account but it seems they, Central bank of Egypt, are still holding on to dollars post the IMF support package, which ultimately could affect any business importing things, with the obvious knock on risk to operations. I'm just highlighting a risk that's affecting me personally in a non mining related but very much Egypt related business payment issue. Will report back if as I'm hoping it all returns to some sort of normality.
Well gold has found support in the 1620s three times in the last few months and it has just broken up from the downtrend that started in March. Let's hope this momentum holds.
Too many posts on this forum are of wishful thinking. Every shareholder of every company wants their shareholdings to increase in value. What is useful are the postings of such as Goldgnome and Cowichan who give information that hopefully supports the wishful thinking. However, as I am not familiar with mining terminology, their posts would be easier to understand if they didn't use abbreviations so much.
It has been sooooooo long that we could take a dip in the SP and still find ourselves in the high 90s. Think most of this morning's lift is due to the US mid-terms not handing too much power to either side - CPI print will be fascinating.
Thanks 3bear.
I just sold a few - I surmise that even if CPI supports PMs/gold this level will become support and there will be an opportunity to buy back in the high 90s
My guess is US CPI will be disappointingly strong due to the lag between fiscal policy and economic effect and that we'll take a bit of a hit.
Having said that I don't believe this with enough conviction to sell a few in the hope of buying back cheaper later on. So in summary - it's anybody's guess.
So here we are bumping our heads against £1. The question is which of these:
1) US CPI comes in hot, PMs fall back as do the miners
2) US CPI comes in lower and the PM/miner uptrend is supported.
Opinions?
OMG impressive and will now start to pay dividends ...
Nice to see gold price on the up...and CEY SP.
Maybe 2023 are finally on the road to recovery, cannot come quick enough with the low SP
Cheers
European stock exchanges stood mostly lower on Wednesday following the release of corporate earnings reports by Commerzbank, E.ON and Adidas. The midterm congressional elections in the United States remained the main topic for investors globally.
The DAX was flat, London's FTSE 100 lost 0.14% and the CAC 40 declined by 0.32% at 8:01 am CET.
The euro was 0.08% lower against the dollar at 8:02 am CET, trading at 1.00636. The British pound was flat compared to the American currency, going for 1.15401 at the same time.
Baha Breaking News (BBN) / MS
Happy hump y’al
Amazing photo of the Sukari solar plant.
Infinity or what!
https://www.miningmx.com/news/gold/51083-centamin-may-tap-into-egyptian-power-grid-in-order-to-end-diesel-fuel-reliance/
Chartists look at history .
With all respect to your opinions Tony.
Publican777
I believe you need to follow or learn some things from the attached below. Publican I suggest basing things on chart trading and build up free carry in particular stocks and switch to an investor when you know all the fundamentals. One of the fundamentals to have in mind with Centamin is that it is based in Egypt. Some of us are keeping a weather eye on grain imports and the like as things get difficult in a country that goes hungry with 150 million people. Centamin is not without some risks on the fundamental side. This company has promised various major outputs and has not delivered on several of them. You will see what I mean by going through quarterly reports.
https://www.chartguys.com/daily-market-videos/4392/how-the-market-will-vote Chart guys show how these charts and what they look for. You are in and out of stocks as I said before like a jack rabbit. If you learn charts and where FIB points are and where stock resistance and support lines are you may have some logic in what you are doing.
Centamin is 9% of my portfolio and I have managed my risk with this share successfully. Divis are a big plus.
Tony
Article in National Geographic got my attention this morning
It cost a lot to maintain the world’s greatest empire. A new story finds a clue to Rome’s decline can be found in the smallest of its artifacts as well as its majestic walls and columns.
Rome’s coins tell a story of a strapped empire faced with plague, enhanced military spending, and mob riots. Rome had to reduce the amount of silver in those coins it minted to cover expenses. Over the decades, that led to crippling inflation, one factor in its fall (along with invading Goths, corruption, and overreliance on slave labor).
The empire eventually split in two—and was never the same again.
Away we go again. The US Empire is in danger of splitting and ending.
best
the gnome
Imagine where we'd be with the gp back up around 1850. So much more to come from this company.
Centamin closed at 97.78
Precious metals jump ahead of midterms, inflation data
Precious metals traded higher on Tuesday with gold jumping more than 1% and silver rallying over 2% as investors focused on the United States midterm elections and awaited US inflation data due later this week.
The yellow metal climbed above $1,700 per ounce for the first time in over a month, while silver hit the highest level since late June.
Spot gold climbed 1.89% to sell for $1,705.79 per ounce at 10:25 am ET and silver surged 2.73% to go for $21.35 per ounce a minute later. Platinum rose 1.27% to sell for $996.33 per ounce at 10:26 am ET and palladium was up 0.66% to $1,901.26 at the same time.
Baha Breaking News (BBN) / NP
Centamin tracing the rise @ 97.08
Any idea why? I looked away and 5 minutes later it was up $22
I hope it goes up a lot more.