Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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https://seekingalpha.com/article/4534802-centamin-turnaround-thesis-remains-intact
I would say the Countries of the world are becoming more and more Nationalist , but then they have been taught lessons from across the pond for many years.
Quite so Mr Bond,
They just haven't grasped or wont accept that their whole system is broken and even more unfit for purpose in today's world, but instead of learning from the mistakes of the past they seem too be intent on making the same mistakes all over again!
But it's not just the US politicians,its politicians the world over, they all need to accept that real change has to come because like it or not we are all part of a global community!
So then possibly the US market has decided to ignore the reality of the disastrous effects Trumps nationalistic and backward looking internal and international policies and the ineffective and unfit for purpose FED fiscal policies by creating the illusion of an investment "Utopia" that will continue to rise to the stars and exist in isolation from the realities and unprecedented ongoing events of the outside world!
So wonder what happens now?
Gold prices remain down as US hosing construction falls 9.6 % in July.
Illogical the US traders only listen to the FED Bilge.
So much for sense. They cannot accept the thought of possible recession.
I agree, charts are indeed looking back and although useful reference really can't predict the future, especially during such unprecedented ongoing global events!
Also the idea that the stock markets, any or commodity can be in some way isolated from the effects of what's happening globally and in every other walk of life is a ridiculous as the idea that after Brexit he UK could isolate itself from the effects of what goes on in the rest of Europe!
Ooops replace "misnomer" with "is why"
This misnomer I don't use charts but respond to events... events drive price not charts- charts simply show how the sp reacted to the events
That is going lower than 87p in the previous.
The market is waiting for the FED minutes tomorrow. Yes I still think this goes down to 38% FIB retracement and gold futures closes a gap lower down in the charts. The timing to hit fits with Jackson Hole. What may defeat that outlook is the market completing ignoring the FED and do some kind of bull rally in the major indices (DOW etc). I do not see Centamin going lower.
Hi Mr Gnome,
Just as Andrew Maguire and other have been saying over the past few months, likely partly due to getting ready for Basel 3?
Hi Glenmere,
Thank you for taking the time to explain, this precious meals market trading is certainly a complex business, it's no wonder that its so difficult for those on the outside to try and understand what's going on, and its certainly challenge for anyone who does have an in-depth knowledge due to experience to explain things or educate others in simplified terms or lay man language!
I think Tornadotony based his opinion on only Tech Analysis of "support lines". They are just indicators and are what buy and selling peak intensities were at some price-points. And these price-points are usually, because of their intense trading volumes, probably the MMs and funds at play. Sometimes, no relation to real economic going-ons in the company itself and more to do with profit-taking (artificially set) objectives by the larger traders
Interesting to see the steady acquisition of gold by the Central Banks.https://www.gold.org/goldhub/data/gold-reserves-by-country
About 77.6 tonnes bought by the C Banks and about 4.43 tonnes sold....
Interesting talk on deFi, which is going to come in regardless of the stupidity shown by the Pollies and the Bankers, Just makes far too much sense, and far more advantages than disadvantages
https://www.youtube.com/watch?v=WiNHpD0rRn8
Thought it was 87p in 9days Tony?
Yes, well the big move inthe US is the privitisation of water! an amazing feat of nonsense. The next move will be the privatisation of the air we breath LOL.
Our govt in Australia is so ridiculous, it beggars belief. The previous Prime Minister has just been outed as having helped himself to being a "shadow" minister of several portfolios during the pandemic, without telling the Minister holding the portfolios!?! Really making Yes Minister seem a bit pale.
"An apologetic Scott Morrison (previous PM) has conceded his secret acquisition of five ministerial portfolios was “unnecessary” (?!!) as he faced calls from colleagues for his resignation, and the Albanese government threatened an inquiry to hold to account all who knew of the scandal.
Former treasurer 9THE TREASURER LOL?!!)Josh Frydenberg was understood to be livid after only learning on Tuesday (last week!!??) that his portfolio was one of the five that Mr Morrison secretly assumed."
Q: WHATEVER WAS THE PRIME MINISTER THINKING OF?
A: HE WAS INCAPABLE OF THINKING?
We dont need comedy on the tube, as we have an overdose in our Parliaments ... and when they exhaust themselves, they go into the sunset on a pension and get a job working for the corporates as lobbyists.
the gnome
Currently stuck in no mans land in between.
Resistance now at 94.5p. We have 3 other resistance lines between 95 and 96.5p which is hard to get through.
Support at 92.5p, 91.7p and 90.5p. 87-88p area offers 3 more support lines based upon FIBs.
Hi Mr Gnome,
Just as is happening now in the UK, where the energy, communications, postal services, public transport, NHS, social care, housing , oil, gas and and everything else that the were once owned by the public but were sold back to them by the Tories on the premise that it cost the public purse less and bring about more new companies which would offer more choice at lower prices, but now these minnows have all been gobbled up by the paratactical and gargantuan corporates who can hedge on the futures market and are now using their monopoly of the essential services to profiteer at the expense of consumers and the public purse whilst the supposed regulators are powerless and show themselves to be just toothless quangos on the side of big money!
There needs to renationalisation of all public utilities and services the world over as and only then can governments act during times like these in the best interests of their people,big business and the markets are in the main corrupt and can never be trusted!
1 Hr chart silver support line just gone and gold just hanging on by a $1 when it was $1789. Await to see if shorts open up with new positions on the metals. Centamin to follow gold.
Major European stock market indexes traded higher in the premarket session on Tuesday ahead of data reports. Eurozone’s trade balance, alongside economic sentiment in the euro area and Germany, are scheduled to be released after the opening bell.
In other news, the conflict around the Zaporizhzhia nuclear power plant continues to raise worries, as Russian officials cautioned that an International Atomic Energy Agency (IAEA) visit to the site would be dangerous as Ukrainian troops are "ready to commit any provocation."
The DAX advanced 0.17% at 7:32 am CET, while the CAC 40 increased 0.28% simultaneously. The FTSE 100 rose 0.25% at the same time. Both the euro and the pound traded flat against the dollar at 7:36 am CET, selling for 1.01615 and 1.20500 respectively.
Baha Breaking News (BBN) / AY
Tuesday dudes, smile!
Nice one Goldgnome ,You understand the reallity.
;-)
MAJOR REVELATION: Oil Prices Drop on Worries About China Demand. And China demand is down as the savants have predcited, say what. LOL
NEXT: The FTC, under Chairwoman Lina Khan, is questioning mergers that were likely to have gone unchallenged in years past, drawing complaints from dealmakers who say the agency’s scrutiny is excessive. SCRUTINY. when? LOL
Really the US model is corrupt and bankrupt. Don't get caught when the music stops. And it will. Only so uch hot air one can blow.
the Gnome.
Gold $1772-1770 Futures per ounce. Centamin 87p. Interesting to see if I am right in 10 days time.
Thank you Tony,
Let's hope he is right!
Last week's trading saw Gold forming its bottom in Monday's session, here doing so at the 1786.90 figure. From there, a sharp rally was seen into mid-week, with the metal running up to a Wednesday high of 1824.60 - before backing slightly off the same into the weekly close.
https://www.gold-eagle.com/article/gold-forecast-gold-short-term-dip-then-higher
What's wrong with the H1 RNS,how is profit after tax down 26 percent to 85 m but EPS up 42 percent. FY21 profit was 102m, for H122 profit to be down 26 percent that would make H121 profit 115m. Did Centamin actually make 49 m H122 profit but they've added the 36m asset for sale in current assets to H122 profit. They say negative cash flow of 25m but in fact looks like 83m, are they deducting 57m from that figure under dividend paid to owner of parent but shouldn't this instead be called distribution of profit share payment to the companys partner as they do say that the FCF 25m is after distribution to the companys partner.