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The US premarket 13:30 data points and 19:00 FeD announcements are the key points in the US that dictate the movements- some of which also latterly sometimes have an impact at US market opening times
Edit, sentement has changed.
Just realised that the man currently bankrolling Aston Villa, who have just signed Steve Gerrard as manager, is (according to Wikipedia )the richest Arab and second richest African, being worth $8.7b and is called Nassef Sawiris and is the brother of our mate Naguib.
I agree Herbie, probaly on time at US opening ,or maybe overnight.
It will be an interesting test.
Unless their sentiment ,but thats unlikely,.
Plenty of paper left dump on mugs.
Its always all about pog. US shorters could put the boot in anytime. Lets enjoy it while it lasts...
Another strong day and pog currently making new days high.
Keep going Cey, still cheap.
I agree gjsrg........that's why i bought in!
1. 15 is very cheap it really worth more than £2.50 when price up from .90 p to 1.15 p we all think good price. CEY IS zero debt gold mine company profit-making, dividend-paying. Market cap less than 1.2 B extremely cheap.
best of luck
Someone at Blackrock’s in for a *******ing…
It needs to fly a bit more i need £1.15 to break even!
Of interest to some of us.
Naguib Sawiris.
Egypts Sawawiris looks to battery metals ,awaits nod on gold concessions.
It seems to me that in selling Golden Star Reseves for 291 Million, he see's better prospects in Egypt.
That takes a lot of cash.
He streches his tentacles even further.
Hope he dosn't come acropper,;-).
But if he caught a cold ,new investors whold likely pay.
My CEY is now ahead of my POLY today :-)
Looks like the start of a rotation into base- and precious metals miners, at least in the Canadian markets. EVERYTHING gold/copper is flying.
Prepare to grow gold horns then as I see a move to $1900 before Christmas.
This is what I call moving... all on the back of the gold price. I'll start to grow horns if gold breaks $1,900.
Seeking Alpha 11th Nov 2021
Inflation is looking a lot less "transitory" after CPI figures released yesterday, which showed consumer prices jumping 6.2% from a year ago and the fifth straight month higher than 5%. It's also the fastest rate since 1990, and while that might cause some worry in the general population, Wall Street appears to be discounting the effects. Many continue to argue that the Fed won't get too aggressive, inflation could moderate next year, while some think stocks could even benefit along with a rise in asset prices.
Snapshot: Businesses are passing on higher costs to consumers, with 60% of small business owners raising prices in the previous 90 days, according to a November survey of 560 firms by Vistage Worldwide. Companies are struggling to get materials and are delaying orders, adding to demand pressures, while a labor shortage is putting upward pressure on wages. Some feel that will need to prompt a shift in U.S. economic strategy, which sought to jolt pandemic demand through unprecedented fiscal stimulus, though others say supply logjams are at the heart of the issue and targeted spending could help ease those problems more broadly.
"Inflation hurts Americans pocketbooks, and reversing this trend is a top priority for me. With the [infrastructure] bill we passed last week, and the steps we're taking to reduce bottlenecks at home and abroad, we're set to make significant progress," President Biden said in a statement. "Very soon we're gonna see the supply chain start catching up with demand, so not only will we see more record-breaking job growth, we'll see lower prices, faster deliveries as well. This work is going to be critical as we implement the infrastructure bill and as we continue to build the economy from the bottom up and the middle out by passing the Build Back Better plan."
Outlook: The hot inflation figures continue to worry West Virginia Sen. Joe Manchin, who has been warning of fiscal spending and serious price pressures since the summer. That could further endanger the economic agenda of the White House, which has not yet given into business demands to ease tariffs on Chinese imports and failed to persuade OPEC+ to increase oil production. "From the grocery store to the gas pump, Americans know the inflation tax is real and DC can no longer ignore the economic pain Americans feel every day," tweeted Manchin, who must vote for the coming $1.75T social spending package if it has any chance of passing the Senate.
No economic data points today from US
@Steve: "Gold now very close to yesterday's peak surge point..."
I'm nervously optimistic. Feel much happier if/when we break $1,900. I guess the miners are moving up on the *expectation* of the future price of gold.
I having a great race between my CEY and POLY lol
Hi Auson,
Last I heard from a good source is that things are going extremely well and to plan, that's why I am looking forward to Martin Hogan's update in Dec.
Thanks for your thoughts Mr Bond,
With all that's been happening in Egypt recently it's understandable that some people get carried away concerning new miners acquiring access to possible reserves.
However as we realise it took well over a decade and over one and a half billion dollars for Sukari to be where it is today, still Egypt's gold mining industry as it were and likely to be so for some years yet!
Sukari is still the engine room of Centamin, get that back up to full performance and the rest will follow!
I hope you are well.
Martin can only report ,hopfully ,the realistic possibilties and fact, unlike his predeccor.
Gold prices could much improve the profitability,or not.
Impossible to guess as so many have. (Experts ) .
Patience is the key.
Often lacking in so many .
mrtibbles,
Might it be safe to assume that by now enough of the unstable material has been removed to resume mining in the higher grade area ?
Gold now very close to yesterday's peak surge point...
If, in a panic for the exit, the constrainers on the other end of the rope let-go, who knows where Gold might end-up.