The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Yes Razors,they try to keep it down Fridays.
But earlier the US debt figure announced earlier of $2.77 Tillion plus with Bidens infrastructure plans temporarily on hold beats the record ,so looks rosy for gold ,remembering of course time is running out until Basel 3 final date ,end of December.
Good weekend all.
Strong Bullish sentiment in gold as Powell talks down inflation threat
https://www.kitco.com/news/2021-10-22/Strong-Bullish-sentiment-in-gold-as-Powell-talks-down-inflation-threat.html
Hello Xxxxxx
I seen your name on today’s “Xxxxxxx” and decided to try to contact you.
Would it be possible for you to cover Centamin as one of your company comments.
The last time they got a mention was on December 23rd 2020.
I’m sure you are aware they had trouble at their Sukari mine in Egypt which resulted in a fall in production but I believe the matter is under control with a new life of mine report due for release on December 1st.
Thank you for your kind help
Regards Xxxxx (Centamin share holder)
——————————-
I’ll post if and when she responds
Can’t hurt to try
I don’t expect good news Steve but I really hope gold will take off rather than sink, every time it threatens to secure itself above 1800 I get hopefully then when it fails again I see 1685 and downwards, gosh just wish we could make an assault on 1930 again, but as for the company I am expecting profits well down this year and a dividend cut as too late to be saved by gold this year, only imho and hoping for next year….
Yep as I thought overdone when I posted earlier- you get a lot of pumping and dumping / dumping and pumping when Powell speaks and a lesser amount (but still some) around key data from US which is around 13:30uk time and sometimes 12:30uk time for a brief while when clocks adjust around. I watch a couple of gold trading sites and people get caught out- and then get stuck again and get rinsed- I got burned on a cfd a while ago and not gone back in again- lesson learned.
Has recovered partially since it’s 4:30 price.
Currently $1797 + .78%
I see what you mean on the 1,000,000 after hours- it pretty much mirrors the price at the time. All I know is that institutional investors can trade just after normal FTSE hours for a period of time. Maybe someone else on this board can help clarify.
I don’t quite understand the details of this aspect- are they not hidden trades eg “no publicity tick box” or is that just naive ? As I say, I don’t understand this aspect
Steve Jones...what about broker manipulation with yet another £1 million buy and another just under £1 million just 5 minutes after the market has closed. This is simply ridiculous and gives a false impression of trading during hours.
Yep Sotolo- I will dump if bad news on 01dec
Yup CaneToad, wise words as ever, I am doing the same hoping etc on gold price and have been for rather a while….one day… and as long in the meantime as Cey can remain profitable, cutting the dividend soon presumably if gold doesn’t rise, and if mine life extends/new discoveries, it will be in a prime position….
Sukari in oct2020 battered the volume produced - before this it was 510k to 525k per annum then it was reset to 400-430k in oct2020 post this. Good news is slightly ahead of schedule in last RNS staying 415k most likely, so for sure stabilised and no worse since. The reason why I bang on about 1st Dec is this iwhen they will comment on Sukari - will this once again be producing more and increase since Oct2020 projections? Fundamental as we’re still seem as single source and if this is positive along with all the new potentials this year- should be good.
Without gold rising, it's game-over for any significant price rises on any of the gold miners; improvements at Sukari will have little impact until. Worse. Gold ETFs are seeing continual outflows. I'm thinking (hoping/praying) that it rises later in the year.
In my view, the drop is overdone and will recover.
What we all want is some decent news on the stock- 1st Dec is key I think, I hope they don't let us down with waffle. Year end results won't be pretty as could well be compared by previous year by market, like the recent RNS was.
$30USD wiped off gold in just over 30mins... :-(
Yep- am continuing to hold, and will do, my CEY, in the hope of Sukari good news which with all the other good points this year will cause a much needed jump- takeover is always on the cards for someone who know this info before we do, with this stock at bargain basement price.
I am unsure which is manipulated more: Gold or Bitcoin. The manipulation of gold by large players is out of control and basically wrecking the market for a lot of gold investors.
Same view Canetoad.
Personally, I'm open-minded about Bitcoin, but not obsessed with it. It's similar to gold in my view - both have scarcity and are expensive to mine. I think the earlier Kitco video that I posted sums up the situation well, from the perspective of a gold investors. That bitcoin is like a digital gold.
Watching Gold at the moment, seeing it turn down again on a whim is why it's started to lose some of its shine. Its performance has been abysmal and I'm starting to get sick of staring at red on most of my (large) gold mining positions (CEY included), while I'm making a small fortune on my bitcoin mining ones...
Well said CaneToad- yet another person who wish they'd had some crypto! The green-eyed monster is a dreadful thing. Of course I could lose the lot- but as I said yesterday, already taken out 3* my original investment so if it goes to zero remains a massive gain. You've gotta be in it to win it, which is more and more and more people are adding a small % of their portfolio to crypto.
@Squid: "Bitcoin is tanking, gold is flying.."
Year-to-date:
=============
Bitcoin: +378%
Gold: -4.7%
=============
(source: https://tradingeconomics.com/)
If you wondered why there is movement on gold
Save ur for a crypto forum- no one cares here :-)
'Urgent’ Action Needed—‘Massive’ Bitcoin And Crypto Price Collapse Warning Issued Over Systemic Risk
Earlier this week, influential central banker Jon Cunliffe, currently serving as the Bank of England's deputy governor for financial stability, warned "a massive collapse in crypto-asset prices [is a] plausible scenario" and the fast-growing bitcoin and crypto market could pose a threat to the financial system if not urgently regulated.
https://www.forbes.com/sites/billybambrough/2021/10/17/urgent-action-needed-massive-bitcoin-and-crypto-price-collapse-warning-issued-over-systemic-risk/
Binance CEO Issues Serious Crypto Price Warning As Sudden Bitcoin ‘Flash Crash’ Knocks Ethereum And Wider Market
https://www.forbes.com/sites/billybambrough/2021/10/21/binance-ceo-issues-crypto-price-warning-after-sudden-bitcoin-flash-crash-knocks-ethereum-and-wider-market/
Yes it is insider .
When it boils down to it , I think that the taxi driver the hair dresser her husband et al are acting out of the "fear of missing out"