The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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"Better times coming", certainly hope so, although I would be very wary of saying it too loudly until there is some proof!
Valid comments Sotolo,
Yet according to Rishi Sunak claims to the "Sheeples" the UK economy is remarkably resilient !
Unfortunately the "Sheeples" are blissfully unaware that the market and central bank manipulation along with the governments past and present flawed policy and monitory decisions are the main cause of the spiraling cost of their everyday living .
As to POG the FED & other Cartel members don't even really try to hide the price suppression by Comex paper contracts!
Considering that EMRA have never put a bean into the development of Sukari the profit share does seem over generous now, let's face it the Egyptian government knew it was on to a nice little earner for no effort, or outlay on its part and I really can't see things changing anytime ever!
Yes Tornado but in Jan 2016 the pound was worth 20% more, making dollar gold worth 20% more to UK shareholders, aisc costs have risen and is 50% more and we have 50% to take off now for profit share so on that basis share price should be quite a bit lower, as all that considerably more than obviates the gold dollar price rise since Jan 2016, but luckily for us the share price is giving us the benefit of the doubt and has priced in better times coming
Cey has had its problems since 2016 but digging their way out now.
It's not all selling, the lse algorithms can see the buys waiting and wants to mop them up. Watch the spread change.
Inflation will soon become stagflation as interest rates rise. MM's need your shares.
Gold was $1161 per ounce when CEY was last at 79p in January 2016.
Now the 80p buys are done it's a guess of course.
What baffles me is why people sell at these low prices
The simple fact remains that no one knows- people post their prediction, and are wrong- then when they are right people think their basis is sound, then they post again and are wrong. Price can only go up or down, so expect to be correct 50% of the time.
Just make sure you're right when you have the most money invested.
As I keep saying, inflation hits miners. Need a change in this.
Peaky
If you believed they'd be to back 87you'd be in now :-)
5 Yr low achieved ouch
I'm also set at 78p, Certainly worth a quick trade back up to 87p...
Buy orders set at .78 and .75 for 50k each. Too good an opportunity to miss out on?
L2 seems very fluid today, but I'm fairly confident that there are buys waiting at 78p. GLA
Hi Tornado,
I only wish I had what I could regard as reliable news to pass on , even those who were so optimistic in the past are now reluctant to comment in case things don't turn out as they thought!
We are it seems just waiting!
Maybe,my popst was seen as curt and cynical,i don't know.I'll be brief.I asked for opinions about where the bottom was going to be on the chart.In case there has been some confusion,i ask in earnest for posters opinions on this matter.
Being a Chart watcher of many years (i survived the crash in '73 ),i calculated that 80p would be the bottom.Any danger of a new low ?.
:)
Hi DtJamain,
Absolutely agree, so the market manipulation will continue and the people will be lied to whilst getting screwed over!
Hi Halfpenny,
Thank you for the link which worked fine and led me to Centamin
https://www.proactiveinvestors.co.uk/LON:CEY/Centamin-PLC
Possibly the biggest frustration in all this is the time factor to put things right, but then I was foolish, or greedy, or both and didn't get out at my original target, who would have believed that the situation at Sukari could have possibly been so serious and that we would descend to these levels again, but then over the past two or three years ongoing events the world, certainly the UK has also changed in so many ways and hindsight is a great thing!
Best of luck re 50K
Gold in them hills...hopefully
Just taken another 50k cheap as chips..
Major indexes in Europe traded higher in the premarket on Wednesday amid news on the Ukraine crisis and its global implications for the market and the economy. Besides, markets expect the release of more economic data for the day and the week.
Earlier, it was learned that United States President Joe Biden plans to provide Ukraine with an advanced rocket system to help Kiev combat the Russian military advances. Moreover, yesterday the European Union announced that its leaders had reached an agreement to ban the export of Russian oil to the EU.
The DAX gained 0.53% at 6:52 am CET, while the CAC 40 added 0.37%, and the FTSE 100 rose 0.12%. The euro was down by 0.18% against the dollar at 7:04 am CET, selling for $1.07149. In comparison, the pound lost 0.14% to go for $1.25860 at the same time.
Baha Breaking News (BBN) / JG
Happy hump y’al
Stupid link....
For gold investors, the current environment should make for the perfect storm.
War, global inflation, Covid after-shocks and deteriorating trade relations are the sort of frighteners that would normally provide a push towards the yellow metal, a unique store of value in troubled times.
Yet, after a spike in late February (marking the start of the war in Ukraine), gold’s price has slipped around 9% to trade at just a smidge over US$1,850 an ounce.
In a note, City broker Liberum points out that the Fed is the big depressant; this and the inverse correlation between the price of the gold and real yields.
So, its stance in the medium term is mildly bearish on the price of the precious metal as the American rate-setters, along with central bankers around the world, set about tackling inflation with hikes to the cost of borrowing.
Rather than hold gold itself, Liberum is a proponent of nabbing exposure via the equity market. Specifically, it has ‘buy’ recommendations on two stocks: Centamin PLC (LSE:CEY, TSX:CEE, OTC:CELTF) and Shanta Gold PLC.
On the former, it says shares are below its 98p ‘base case’ valuation (they are 82p each currently). The 112p price target, therefore, offers 37.5% ‘upside’ from current levels.
“Potential share price catalysts in 2022 include studies on underground expansion and production from bonanza structures, and airborne survey results,” Liberum said in its note.