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https://goldsilver.com/blog/will-the-commodities-supercycle-continue/
Cmon Mr T this is fantastic. Egyptian contractors completing a massive project that will save millions of dollars, tonnes of CO2 and a good chance it will remain an infrastructure asset for the Egyptian people once the mine is done - although if the life of mine is actually 50 years perhaps not the last one. Plus gold is heading back up with the SP kicking along in its wake. More good news due on Aug 4, I'm heading to the beach!
Thank you once again and you too
European stock exchanges were higher in premarket on Friday as traders prepared for earnings reports before the open and inflation data from the Eurozone and several countries on the continent.
The DAX increased by 0.52%, London's FTSE 100 rose by 0.21% and the CAC 40 advanced by 0.60% at 7:01 am CET.
The euro was 0.14% higher against the dollar at 7:14 am CET, trading at 1.02111. The British pound was up 0.08% compared to the American currency, going for 1.21891 a minute later.
Baha Breaking News (BBN) / MS
Happy Friday y’al
Enjoy your weekend
A straight translation from one of the Linkedin comments…
“Praise be to God, whose grace good deeds are accomplished.
This project was for men of rare currency in the sense of the word, and they used to work during the holidays so that we could catch up, despite all the difficult circumstances and challenges, thank God the project ended well and before the agreed period May God enlighten you all.”
'I don't want a war'?
But the madness you suggests guarantees a war
Hi Cowichan,Thank you for the update, what a pity that none of the site visitors in 2018 noticed or questioned the lack of effective open pit waste clearance strategy!
So were these visitors lacking in the professional understanding/knowledge of good mining practice, or just not bothered as long as guidance was achieved for a bit longer?
Probably cos crypto is up massively in 5 years and even after this years' drop has recovered back and going well- it's sloppy just to **** it.
Ahmed Abd El-Gawad - Senior Presales Engineer at Giza Systems
4h ago
Giza Systems celebrates today the last PV module installation in the 37MWp hybrid plant at SUKARI GOLD MINES
What an achievement to both Giza system and juwi Group teams. A lot of effort, team work and dedication lead to this accomplishment - So proud of you guys
Video here:
https://www.linkedin.com/posts/ahmed-abd-el-gawad-4a902815_giza-systems-celebrates-today-the-last-pv-activity-6958421933935726592-2if3?
----------------------------->>>>
It's been a long road - remember when it was first proposed in 2018
https://www.readkong.com/page/sukari-gold-mine-investor-site-visit-september-2018-4333124
'New Found gold" making fantastic claims ?
We use billboards/forums because as things stand with financial regulations, certainly on disclosure so heavily loaded in favour of companies along with their reluctance to answer private investors questions in full then billboards are an increasingly important way to make contact with other investors to discuss issues and to obtain information in order to be able to challenge or hold the company concerned to account.
In 2015, and again in 2018 all wasn't as well under the gloss at Sukari as being claimed by Andrew Pardey and other senior management, they certainly didn't like what was published in “Seeking Alpha” , but although given a chance they declined to substantiate their denials with facts, and instead carried on with the "Baloney" to investors until the inevitable crack forced them to come clean!
Strange how the wheel turns, here we are again 'New Found gold" making fantastic claims to investors in colourful slick presentations and yet as you point out when reasonably questioned rather than just substantiating their claims they resort to legal challenges!
See the article for Crux Investor about New Found Gold in which a well respected and experienced mining analyst who has been right more often than wrong in the past points out how management manipulates the news flow.
It seems that " New found Gold" aren't happy about being asked to substantiate their claims, but why raise a legal challenge when all they need to do is simply provide the hard facts why certain accusations are wrong?
Another case of Investors beware?
https://www.cruxinvestor.com/articles/analysts-notes-week-12
Putin is a gangster, Instead of messing about the US should just send Ukraine some cruise missiles and serious military equipment , I don't want a war but Putin won't stop until he knows each time he attacks Ukraine there will be consequences!
Mikhail Khodorkovsky was once the richest man in Russia until he challenged Vladimir Putin and was sent to jail for 10 years. Now, he has advice for Western leaders trying to deal with his former adversary, telling CBC’s Terence McKenna that a show of strength is key.
https://www.youtube.com/watch?v=n5IXIYuHobk
The problems the world is going through at present is largely due to the tunnels vision of stock market traders the world over who are so desperate and selfish for a quick profit they have chosen to try and shut themselves off in some trading Utopia away from the realities of the wider world in which Newton’s Third Law of Motion states that for every action there is an equal and opposite reaction, like throwing a ball in the air. It will rise until gravity overcomes momentum and then it falls back to earth., the same applies the stock markets!
The Covid pandemic has expedited the facing of the realities of just how broken and unfit for purpose the present stock market and governments fiscal policies are the world over and certainly had precedented effects on the precious metals markets in ways.
Covid is'nt over by any means, every new antidote is soon followed by a new variant of the evolving virus and with the growing hostility toward one another by major governments looking for justifications to go to war it's of paramount importance to establish for certain just what was the unital source of the virus.
I can't recall how long you have been in Centamin, but the Sukari operations may have been closed down for months were it not due for the timely and strict Covid controls implemented by the Centamin management and the Egyptian authorities.
Closed on the days high of 83.43 + 3.14 (+ 3.91%)
What makes me laugh is people who are actually still in crypto. Pure smoke and mirrors. Give me a hard asset any time.
Currently $1754. + $19.49 + 1.12%
Yes, I think there are a number of positives for gold now.
1. as trust in the fed and govt generally goes down, trust in the paper they issue goes down, and gold does well in low trust situations
2. very hard to see how the economy is going to bounce up. commodity prices dont suggest that,
3. wage rises without productivity increases will create nightmares. sourcing (parts), logistics and freight is a nightmare, as is money transfers through the bank system, ..even buying second hand cars is now getting out of hand in Oz. We recently bought a 2nd hand good cond FWD, fully kitted for $125k, and now its worth $140k, and we have had 12 months usage!?
4. the stupidity index is rising exponentially. we see energy policies which dont work, water management schemes which fail every decade, and people spending more time thinking about how to remove gender imbalance from the english language (or something like this !!!), than how to make business more efficient (etc)
5. the populace is now being used to handouts, in the form of one stimulus package or another, the corporate world loves the cheaper int rates and has loaded itself with debt (generally) but there are those that think life is good as we can see in the corp bond market
Much to digest, many balls in the air, but...how they land?, it is a very safe bet that no one knows, but generally in these situations people head for real assets that produce real value or are a necessity, The fluffy stuff tends ot be fluffy.
and... gold will still be shining in 10,000 years
best
the GOLD gnome
If you trade what you post on this website you don't have much to laugh about. Predictions almost 100% wrong in the last few dozen posts ive seen you make. Bad summer for the tiger
It's up less than 2% and people already celebrating lol
You should come over and play in the crypto room sometime.
He will have read the signs and got in at 79.4 and out at 82.5 :-)
wild tiger??... probably trying to fix his broken trading signal machine (i.e brain)
gnome
1. USA midterms will be a FED headache after September.
2. They will stop and start with pivots and probably magnify stagflations impacts as they actually do not row their own boat.
3. They can not control energy supply which is the major source of inflation and inducing a recession.
4. They still aim for 2% pie in the sky inflation targets which can not be met.
5. The high USD may go back down (boosting gold if we see a recession) but if not mega problems in 2023.
6. A global recession outside of USA is baked into the pie and the IMF have got it right on what growth will look like.
7. The FED can not stop the war in Ukraine but they can hand USA Government a huge interest bill on its spending. Tony
Major European stocks recorded gains ahead of Thursday's trading session, with investors awaiting the latest batch of corporate earnings and economic data that will be released throughout the day.
After the opening bell, Germany is set to release July's preliminary inflation figures with markets expecting a slight decline versus the previous reading. Meanwhile, the United States Federal Reserve introduced another 75 basis points interest rate hike in response to record inflation.
The FTSE 100 gained 0.29%, while the DAX rose 0.45% and the CAC 40 grew by 0.61% at 6:55 am CET. Both the euro and the pound registered slight gains against the dollar at 7:25 am CET to sell for 1.02052 and 1.21644, respectively.
Baha Breaking News (BBN) / ND
Fed officials are raising rates at the most aggressive pace since the 1980s. Until last month, the central bank hadn’t raised rates by 0.75 point since 1994.
The Federal Reserve continued a sprint to reverse its easy-money policies by approving another unusually large interest rate increase and signaling more rises were likely coming to combat inflation that is running at a 40-year high.
And they have not even got a firm line of view of the effects of the last rate rise, but regardless are firm in their view, that not only is this large rate hike needed, but more are likely?? Bizarre to say the least.
As for the employment numbers, like to see the quality/dignified employment numbers, than the burger flip/underemployment free for all. The Fed and the whole main stream narrative is little more than a joke
Anybody like to bet the Feds will over do it?
the gnome
What the F .u . k . got to do with gold ? is this a preaching ? virus is from china and usa control mechanism if you want to preach !
MR OLD and certainly no 007.
Although I have a substancial amount of shares it now becomes less important to me,.
But I would like to live to see this company rise to a realistic value.
Maybe in a while it will happen, there are so many manipulaters enjoying trading this stock as can be clearly seen with odd buys and sells daily.