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https://www.mining.com/web/gold-dealers-swamped-by-demand-as-war-creates-inflation-scare/
Quite agree Mr Bomd, that said some people need to read the disclaimer at the bottom of media posts and broadcasts.
Sotolo like you I do listen to both sides.
In this ever rapidly changing world, I take much news and opinion with a pinch of salt.
Thank you for you reply.
And thank you Rebess for your advice,.
Physical demand way outstripping physical supply for 2022 and 2023 mark my words.
Mr Bond, if gold rose 100% then our profit wouldn't just double but rise almost 5 fold, the advantage of being a high cost producer just now is a high multiplier up or down, so hopefully our share price too; however I wouldn't follow Mr MaGuire or other gold sellers as in my experience they mostly get it right less than 50% of the time and a monkey with a dart or us together might be better as long as we listen to those who think it will fall as well as rise, We know gold is the most fickle mistress and you can argue for a flight to safety increasing demand, or Russia navigating sanctions and selling loads, increasing sales. Rising inflation raising gold, rising interest rates lowering it etc. In the end it all comes down to sentiment and fashion, and the attractions of competing homes for the world's savings which many of us feel might become less attractive. Finally even if gold doubles and Cey profits sore, it is likely to be in a world where stock markets tumble, investors need liquidity and PE's fall dramatically all of which could affect mining share rises, all imho
Major European stocks traded mostly higher ahead of Monday's session as investors continued to follow developments of the Ukraine crisis.
Over the weekend, EU's foreign affairs chief Josep Borrell asserted the bloc could completely move from using Russian gas within the next two years. Meanwhile, French President Emmanuel Macron reiterated his attitude against the escalation of conflict between the West and Russia.
The DAX gained 0.22%, while the CAC 40 rose 0.28% at 8:08 am CET. On the other hand, the FTSE 100 declined by 0.29% at the same time. The euro fell by 0.29% against the dollar to sell for 1.09510, while the pound slid 0.37% to $1.31325.
Baha Breaking the News (BBN) / ND
Happy Monday y’al
We’re delighted to welcome Perseus Mining Limited for 3rd Egypt International Mining Show - Virtual Connect 2022.
https://www.linkedin.com/posts/egypt-international-mining-show_miningevent-miningindustry-miningexpo-activity-6913726416077398016-nYBi?
Note: Perseus has two operational gold mines in Cote D'Ivoire - and four of its top 10 shareholders are also top ten shareholders of Centamin
Hi Mr Bond
Kinesis: - Presently, it's a bit of a bind transferring funds and bank-to bank involves transferring funds to either an Australian bank or Indenesian. - Once set-up it's fairly simple then to buy your gold/silver in Kau (1 gram of gold)
- Kag ( 1oz of silver)
It might be better to hang-on for a while as a new arrangement involving a visa debit-card allied to banking-rails will be introduced within the next 3 months. - Once in pla,y it'll be a much simpler/quicker. - One additional thing that may interest : they are close to launching their own Kinesis 1oz .9999 silver coin. - It should be a collectors piece. - Hope this helps.
The only other way the US Banks Gold shorfall could be met is by releasing Physical Gold from Government Vaults, thus driving down the assumed security of the $ as a trading currency ,but does not help reduce US debt mountain.
If only half the damage Andrew has mentioned comes to pass ,those Too Big To Fail, Banks could start to default.
Mr T and Rebess , is Kinesis , failsafe , like whose Bank do they use for investment and payment, when there is a need to transfer funds.
Might seem an idiot question ,but I may decide soon the need to use them.
Either way if Gold does jump 100 % Centamin s profits will do the same, excellent for shareholders, as long as your Broker does not fail.
It seems that at long last and hopefully in the nick of time Martin Horgan has brought about a much needed sense of urgency and purpose in the Centamin forward strategy!
If Andrew Pardey had been more professionally capable, or had any sense of personal integrity instead of trying to discredit the now clearly justifiable concerns and criticisms of analysts like Kees Dekker and some of the share holders from forums like this Centamin would be in a very different place today!
It beggars belief that such deceitful behaviour,lying,professionalism incompetence and/or ineptness on the part of Andrew Pardey and the obvious laziness and unsuitability for post of the previous Sukari general manager was tolerated for so long!
We should not underestimate the tremendous efforts put in by Cowichan and other share holders behind the scenes over several years in helping to expose what was going wrong and bring about change for the better!
Tibbs
Russian Sanction Blowbacks Will Drive a Physical Gold Revaluation
In this week’s Live from the Vault, Andrew Maguire analyses the blowback effect of freezing Russian assets on the precious metals market and the connection to a significant gold uptake we’re currently witnessing.
As the physical gold demand is getting off the scale, the London whistleblower investigates the Central Bank’s race to repatriate gold reserves.
https://kinesis.money/live-from-the-vault/
Good points Cowichan,
The senior managements previous policies of lethargy & complacency have no place in Martin Horgan's forward strategy !
“Whose a silly-billy then?”
Hi Halfpenny,
You post is further confirmation of what acquaintances in the wholesale market have been stating for some time, there is a market that exists in the shadows which even officially licenced wholesale traders are excluded from, although its possible with the right know-how / contacts to witness to some extent what is going on, although even then its still not possible to tell for certain,only try to hazard a guess when or which way the lever's will be pushed!
Goldman's and other member's of the Cartel strategy has been to play the POG up/down whist acquiring huge amounts at their right price via the backroom under the radar (closed wholesale trading)out of sight of the mainstream punters like us and encourage the mainstream market to sell or buy when it suits them!
This has been going on for some years although recent world events have necessitated a ratcheting up te pace of the process to suit the strategy of central banks and other key players!
It would be nice if these predictions were certain, but the likes of us can only hope!
One thing Mr Horgan pointed out during the investor meet was that the Doropo project can be expedited by completing the Definitive Feasibility Study (DFS) concurrently with things like engineering work and advance procurement - this is the first time I've heard him entertain a ratcheting up of the timeline - although he did make it clear no corners were going to be cut for the sake of shaving 6 or 12 months off a 'first-pour' date
Cote D'Ivoire Gold Mining Stats
- 2021 gold production 41.85 tonnes (up 10% year-on-year)
- gold mining currently 3% of GDP
- on track to increase to 6% of GDP by 2025 ( 65 tonnes )
https://www.linkedin.com/posts/mineinsiders_c%C3%B4te-divoire-le-gouvernement-mise-sur-activity-6913558080911753216-zvWr?
https://www.proactiveinvestors.co.uk/companies/amp/news/977553
https://www.bullionvault.com/gold-news/gold-prices-032520222
"You stupid boy."
Nice one MrT.
That sums up the thinking perfectly.
No interest in the share .just in and out quickly, with a few extral Quid ,if lucky ,but never mention losses,Which they often get.
Just a few days to go until that particular problem is solved:
I read a translated report on Google Finance, 19/3/22, that confirmed the retirement of "Centamin's Cairo Office head" Youssef El Raghy and the appointment of Air Hassouna starting from April.
Have a very good weekend.
just as well that useless "Youssef" is'nt speaking who knows what rubbish he would have come out with!
Is that it then Mr Bond & Halfpenny?
https://www.youtube.com/watch?v=V7NlFWh7Sz8
We have reached a point now for cey going forward where there will be more good news than bad news and I for one can live with a decreased dividend (minimum of 5c for 2022) if it equates to an increasing sp.
Another high UT 91.20p with volume
16:35:22 91.20 1,321,764 £1m UT