Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Prices of precious metals increased on Friday as the investors digested the remarks made by United States Federal Reserve Chair Jerome Powell.
Powel conveyed that the coronavirus' Delta variant impacted the central bank's position on asset purchases, but hinted that tapering could be in the cards in the case the economy grows as "broadly as anticipated."
Gold went up by 0.87% to sell for $1,807.36 per ounce at 11:01 am ET, while silver gained 1.67% to $23.94 a minute later. Platinum soared 2.53% to $1,007.17 an ounce at 11:03 am ET, with palladium concurrently up by 1.51% to $2,428.99 per ounce.
Breaking the News / BU
Yep Mr T, hence my earlier post.
Sector issue.
Off to the races again..
FTSE 250 up 17% since beginning of the year and 35% from this time last year. Ever think we're flogging a dead horse?
Mixed from Powell- since start of year, gold down ~5%, CEY down ~27%, POLY down ~19%, SRB down ~36%, FRES down ~32%, HOCHS down ~32% (note that's excl. any divis paid).
The worm needs to turn. FTSE 250 up 35% this past year whilst cey down 50% ..
Doubtless many are listening to Powell as I type...
Labor Day is first Monday in September as per usual. Last year (2020) if was September 7th. No manipulation though speeling leves something to bee deesired!
is squirming.
So being able to manipulate the markets is not enough, they even manipulate the national bank holidays to suit the US agenda!
Hi Cowichan,
It's not you that has any need of setting straight, it's the others!
Shanta Gold Ltd - East Africa-focused gold producer - Revenue in six months to June 30 falls 21% to USD57.8 million from USD73.0 million a year earlier. Pretax profit falls 44% to USD8.6 million from USD15.3 million. First-half gold output down to 28,842 ounces from 42,383 ounces. Reiterates guidance of output between 60,000 ounces and 65,000 ounces. Proposes 0.1 pence per share interim dividend.
Current stock price: 13.14p
Year-to-date change: down 23%
By Eric Cunha; ericcunha@alliancenews.com
Interesting the US markets are closed next Monday not this coming Monday.
https://www.nyse.com/markets/hours-calendars
European stocks were flat to higher in premarket trading on Friday as investors focused on the US Federal Reserve's Jackson Hole symposium where Fed Chair Jerome Powell is set to speak later in the day.
The FTSE 100 added 0.13% at 7:59 am CET, the DAX lost 0.04% at the same time and the CAC 40 increased 0.13% at 8:00 am CET.
The euro was up 0.08% against the dollar to go for 1.17621 at 7:58 am CET, while the pound stood flat compared to the US currency, selling for 1.36997 at the same time.
Breaking the News / NP
Happy Friday y’al
Have a good weekend.
Thanks Tibbs ! Goodness knows I've had my moments of despair and vice - but thankfully all the good company and reasonable discussions on this forum are here to set me straight.
Hi Cowichan,
Any of your criticism of Centamin and has always been fair,justifiable and based not on market like knee jerk reaction, but over time and on your continued thorough and wide ranging research on the available facts, having said that you have always tempered any criticism with the recognition of the true unexploited and fantastic potential Centamin has to offer the investor in the future given the right management.
As you are aware many of us long term investors also share your justified frustrations and have expressed them in the past, that said like you we also recognise that the ethos of the company is right and deserves to be commended!
As you,Mr Gnome and other well informed and knowledgable share holders have always pointed out although in the performance some of the management in the past certainly hasn't shone to say the least, the core of Centamin is certainly golden and yet to be revealed, hopefully by Martin Horgan and his new team!
September 13th 10:00 AM Centamin plc Presenter: Martin Horgan , CEO (Live virtual presentation )
also says questions can be submitted to Centamin plc from Sep 12
https://www.goldforumamericas.com/program-agenda-gold-forum-americas/
Thanks Cowichan for replying to my post ..I am away for the weekend so I will reply when I get back , I just didn't want you to think I was ignoring your comments .. Best .
Peter Schiffs talk 'why the meltdown should have surprised no one' on the tube he quickly and very humourously describes the US position on the US debt to the Chinese. I think this whole chat is a must I still laugh at some of the things he says..
But of course it doesnt just apply to the Chinese it is all holders of US debt... and I'd bring up the question about German gold that the USA wouldn't let the Germans even inspect. The Germans did get some of their gold back..apparently all of it.. But..into the back door of Ft Knox ''"Ukrainian gold reserves loaded on an unidentified transport aircraft in Kiev’s Borispol airport and flown to Uncle Sam’s vault" March 7, 2014 http://newswire-24.com/2014/03/07/4827/
Out the front door of Fort Knox to Germany
"German Gold Makes It Way Back Home From Fed, Slowly"
March 26 2014 http://www.ibtimes.com/german-gold-makes-it-way-back-home-fed-slowly-1563651
look at the dates... So what if the US didn't have the gold... what can the germans do? expose the default of the USA?..Crash the whole thing and never get their gold back?.. No keep quiet but keep the 'gold in Ft Knox' on their books as a credit!...Ssssh.
As for the Chinese.. $1.3 trillion they are owed by the USA not a huge sum by todays standards.... wait for a run on the dollar then dump the lot on the markets... crash! Cheaper than a war.
candidinvestor,
might I suggest going back and rereading some of goldgnome's latest posts where he outlines the conundrum gold miners face between madly drilling out the ore body to prove reserves vs keeping a lid on costs
As he points out there are mines that have operated for many decades with rolling reserve lives of under five years - and if you take that to mean they were 'uninvestable' you'd have been mistaken
I certainly don't criticize you for wanting to hop in and out of Centamin to gain a buck - if you can time it you could have made a recurring profit over the last ten years
but regarding all the other talk I would point out that Sukari is very much unlike 98% of the gold mines in production around the world today - it is big and only getting bigger
The Sukari concession area is littered with additional deposits as we know from drilling done prior to achieving commercial production - and now with all the other concession areas awarded in Egypt this is very much a stock you can buy and hold for a lifetime
Admittedly I too am guilty of of being critical of the previous management but to be fair they have given the company a very decent legacy - not the least of being their dividend policy - compare:
Centamin has paid out a total of $720 million in dividends over the last 7 years
Angico Eagle has paid out a total of 1300 million in dividends over the last 38 years
Agnico's commitment to shareholder returns has been industry leading but Centamin has the trajectory to exceed them handily -
best of luck
Kinnell Tibbs
That post must be a record. - Even for you. :-)
Quite so Rebess, Leonard Cohen summed it up perfectly, Leonard was ahead of his time, ironically he made the mistake of trusting the wrong people who conned him out of a large proportion of his royalties and wealth!
The title phrase suggests that Cohen has not been blessed with some unique power of perception, but that these truths should be evident to anyone who walks through the world with even an ounce of coherence.
[Verse 1]
Everybody knows that the dice are loaded
Everybody rolls with their fingers crossed
Everybody knows the war is over
Everybody knows the good guys lost
Everybody knows the fight was fixed
The poor stay poor, the rich get rich
That's how it goes
Everybody knows
[Verse 2]
Everybody knows that the boat is leaking
Everybody knows the captain lied
Everybody got this broken feeling
Like their father or their dog just died
Everybody talking to their pockets
Everybody wants a box of chocolates
And a long-stem rose
Everybody knows
And everybody knows that you love me baby
Everybody knows that you really do
Everybody knows that you've been faithful
Ah, give or take a night or two
Everybody knows you've been discreet
But there were so many people you just had to meet
Without your clothes
And everybody knows
[Chorus]
Everybody knows, everybody knows
That's how it goes
Everybody knows
Everybody knows, everybody knows
That's how it goes
Everybody knows
[Verse 3]
And everybody knows that it's now or never
Everybody knows that it's me or you
And everybody knows that you live forever
Ah when you've done a line or two
Everybody knows the deal is rotten
Old Black Joe's still pickin' cotton
For your ribbons and bows
And everybody knows
[Verse 4]
And everybody knows that the plague is coming
Everybody knows that it's moving fast
Everybody knows that the naked man and woman
Are just a shining artifact of the past
Everybody knows the scene is dead
But there's gonna be a meter on your bed
That will disclose
What everybody knows
[Verse 5]
And everybody knows that you're in trouble
Everybody knows what you've been through
From the bloody cross on top of Calvary
To the beach of Malibu
Everybody knows it's coming apart
Take one last look at this Sacred Heart
Before it blows
And everybody knows
[Chorus]
Everybody knows, everybody knows
That's how it goes
Everybody knows
Everybody knows, everybody knows
That's how it goes
Everybody knows
Everybody knows
https://www.youtube.com/watch?v=8IfmiKnZi3E
Yep, the 'bad guys' have won and people outside of the 'club', ordinary citizens, can do nothing about it. All the democracy in the world cannot overturn a system that has evolved into total dominance, total supremacy. A system that controls the political-levers, financial-levers. law-making levers, media-levers. - They have won, we have lost and there's nothing that can be done.
Whilst the dollar is the reserve currency and the US has the printing press, not to mention the levers to manipulate the market's that may be so.
Its not just the markets, nothing in today's world can be taken for granted any more as we are all aware.
I remember the time when people could pick a few safe dividend payers out of the ftse 100, ftse 250 for the long term, not any more the stock market is like "Bet Fred!"
The more the Dollar is used as a weapon the more that countries so sanctioned will move to alternatives. The Chinese/Russian currency bloc grows in strength with every squeeze on the use of the Dollar.