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Indeed Jep
Many of the "new breed investors" were not long out of nappies when that happened! which is an important dimension of what is happening in the markets,
the other being they have only ever watched the get rich super quick on twatter or twitter, which is generally very short in keeping with their attention spans. ... LOL
Funny old world eh?
best
the gnome
Hi Mr Gnome,
I agree it seems as though they prefer to invest in the "Hype" of something that does'nt actually exist possibly never will, although those that run the markets don't care as long as it keeps the markets fluid, they will pump anything or ideed "a might be" up as long as long the punters keep buying into the dream (many on leverage (CFD's) until it starts to become apparent the dream has no substance, but by then the shorters will have taken their positions and the brokers advised their clients to sell and the market will make make lot's of dosh as the dream fades away at an amazing pace taking those that did'nt get out and their money with it!
But never mind by then there will be some rumours of more "Pie in the sky" or "Pink elephants" starting to emerge in the mainstream and on social media with a chance to get in before the price really takes off !
Possibly then if the manipultaion of the P.M using paper is going to be more diffcult after Basel 3 and considering that P.M. dont seem to have the same attraction to a newer genration of "Cloud" investors / traders then this buying into the "Dream" will be where the market manipultators can make their money?
In some way's we Centamin investors have been sold the dream of "record guidance" next quarter, "Good times coming" (Oops sorry, next time,"Oh bugger unexpexted low grades,"Oh dear forgot to sweep up the open pit crap" ) by the prevous management.
But that said our dream can becaome a reality now we have a manegement who are capable and intent on delivering on what has always been promised, just unfortunate it's a decade late!
But there you go, at least there is some reality , or substance to our dream!
Bewidlering behaviour on the markets, including the ASX!? The herd is running in many directions, and all at one time.
Valuations have nothing to do with reality, but something else. What?
The meme-stock fever gripping US sharemarkets has reached the ASX as retail traders swarm towards popular companies reported (and rorted ) on social media, message boards and budget trading apps.
The young investors who are part of this new wave prefer to conduct research on Reddit, Facebook, TikTok and Twitter, and speculate on stocks they expect to rise, without any reference to fundamentals.
The result is befuddled valuations across the market where online forums and social trading determine valuations far more than estimates of future cash flows.
The meme-stock asset class’ new frontrunner is South Australian minerals explorer turned deep-tech quantum computing hopeful Archer Materials. It climbed 21 per cent on Monday to a record $2.88 on a valuation of $655 million!!! p/e ratio was what?
Under its chairman and significant shareholder Greg English, Archer has sold its mineral tenements to focus on developing a quantum computer chip capable of working in mobile devices at room temperature, but for now, has no product, with the potential technology in development (at best, being researched maybe another way of describing it???)
APPEAL: Materials are the tangible physical basis of all technology. We’re developing and integrating materials to address complex global challenges in quantum technology, human health, and reliable energy...
THE BUSINESS? Archer is an Australian ASX listed company developing innovative deep tech for commercialisation in the multibillion-dollar global industries of quantum technology, human health, and reliable energy...NO HYPE HERE?
NEXT ...Utilising Tier 1 tech development infrastructure and facilities, R&D, people and IP, to support pre-market development....THERE IS THAT WORD AGAIN TIER 1, AND NOW ITS INFRASTRUCTURE ... and "PRE-MARKET DEVELOPMENT"
THE EXEC CHAIRMAN ON $675K PA TOTAL REMUNERATION
just amazing to see how the market works. .... do something boring like make money, mining gold, paying dividends to shareholders ... no, thats yesterdays stuff...LOL
how will it end?
good luck for those in the casino...make sure you know the new rules before you play, or have a longer time frame than 8 seconds ...
best
the gnome...
£110 will be very high when the price at 98 p . CEY PRICE IS REASONABLE AT 300 p one it will come 500p also. its IPO 160 Company never on loss, zero debts company, its products is Gold. just add annual growth 5% from 2010
Major stock indexes in Europe traded lower on Monday with the rise in coronavirus infections still in the focus. Concerns regarding the spread of new variants put a dent in investor confidence.
The FTSE 100 was down 0.62% at 7:54 am CET. The DAX lost 0.44% at the same time, while the CAC 40 tumbled 0.46%.
The euro was flat against the greenback at 7:53 am CET, selling for $1.17886. The pound fell 0.14% concurrently, changing hands for $1.38466.
Breaking the News / MD
110? Should be much higher than that
Would be nice if price moves to 110p
Hi Mick-b,
So what are you saying with regards to CEY? Is a gold mine as good as gold, or is CEY just another share that is subject to market whims?
regards
Larryh
OPINION
The world still seemed to be in order 50 years ago. Not only because 48.8°C had not yet been measured in European latitudes, but also because money was still linked to gold.
However, exactly 50 years ago, on August 15, 1971, United States President Richard Nixon abolished the gold standard. Until then, for every dollar bill printed, the corresponding equivalent in gold had to be deposited with the US Federal Reserve. For centuries, banknotes had actually been the depository receipt for gold. But since too many US citizens suddenly wanted to exchange their saved money for gold, the Fed ran the risk of no longer being able to keep the decades-valid promise. Until then, dollar bills included a note stating that the equivalent value had to be paid out to the holder - on demand - in gold coins. Ever since, that statement has been replaced by the words "In God we trust."
Nixon canceled the gold standard overnight. Other countries immediately followed suit. The price of gold, which was fixed at $35 per ounce between 1933 and 1971, is now $1,779.50. This accurately reflects the inflation of the last 50 years. Nevertheless, the purchasing power of gold has been stable for 2000 years.
50 years after the end of the gold standard, inflation in the US (5.4%) and Germany (3.8%) is beginning to surge. The COVID-19 crisis of 2020 has once again ignited the money-printing machines of the Fed and the ECB. The threat of overheating: The lingering expropriation of small savers through inflation and negative interest rates is entering the next round.
Breaking the News / CB
Seen his videos before, he’s called market crashes early many times before. Good for gold
https://sprott.com/insights/sprott-gold-report-one-of-the-greatest-bubbles-in-history/#
https://www.youtube.com/watch?v=c13O6Amn1lQ
Interesting thoughts and observations
best
the gnome
Dream on, for many reasons.
On the up and if it break that key level next week above 1800/50 we could see $3000 in 12 months. Covid will push this higher quite quickly. All we need is a takeover and leadership giving reassurance to potential buyer
Assuming a 22 month delay between $m2 and inflation. Then the USA inflation rate should rocket in February 2022. This assumes that the velocity returns to historically normal vale. Rather than it's current extreme low value. Today's Moneyweek quotes someone saying it is difficult to be bullish about precious metals on one page and then on another emphasis the need to hold gold as part of a portfolio!. Personally I do not think it is, however, there are times when a gold miner is an excellent investment. This week I have done well with KMR (an ilmenite miner). Last weeks Money-week quoted someone being very bullish about gold. Apparently a week is a long time in magazine editing!. I recommend to everyone Russel Napier's views on gold and inflation. I am not completely convinced but I do think everyone who holds any gold mining stock will be every interested!. It has been a roller-coaster week with an excellent ending for me!. I am staying with CEY.
Thanks Mr Tibbles, Andrew on top form.
The only way to stop the bandits is educating the masses.
There could be another dumping or two before the end of the month, IMO
GOOD WEEKEND ALL LTH s.
Prices of precious metals increased on Friday, with gold gaining over 1%, and silver jumping more than 2% as the investors' interest in the so-called safe-haven assets was reheated amid worries over the spread of the COVID-19 Delta variant.
While United States' top epidemiologist Dr. Anthony Fauci asserted that a booster shot of a coronavirus vaccine will be a necessity for almost everybody around the globe, German Health Minister Jens Spahn reportedly fears that the virus containment measures need to remain in place until the spring of 2022.
Gold climbed 1.68% to $1,773.14 at 10:17 am ET, while silver jumped 2.62% to $23.79 at the same time. Platinum increased by 0.72% to $1,030.32 an ounce a minute later, while palladium concurrently moved up by 1.34% to $2,662.80.
Breaking the News / BU
Great to hear your opinion Marmot!
Andrew Maguire exposes the insider manipulation behind Monday’s counter intuitive gold and silver crash, which saw the gold price driven $90 lower.
The precious metals expert explores the connection between Basel III and the orchestrated price move, and declares the stage now set for gold and silver to rally.
00:00 Start
01:00 Monday’s orchestrated gold and silver smash explained
10:09 Gold and silver set up for rally
12:23 Basel III connected to gold and silver smash
15:28 Short medium and long term outlook for gold and silver
25.50 Basel IV - 2023 - What can we expect?
https://www.youtube.com/watch?v=aTczMyGSS5c
Agree with your Centamin viewpoint. This sunday is the 50th (Golden) Anniversary of President Richard Nixon's "temporary" closure of the gold window. Holding physical gold and silver and historically undervalued gold miners today allows us to be our own central bank for the inevitable great debt reset to come. The IMF is calling for a new Bretton Woods agreement. The drum beats are getting louder by the week...
The US petro dollar is dying as a control mechanism and buyer of US debt. The scorn from OPEC in response to Biden's demand for increased production this week confirms this. China and increasingly India are the primary commodity buyers and their toleration of Western banker rentier practices to control markets and prices via paper markets is now being increasingly challenged.
Note how it has only taken 4 days for the paper gold price to recover from the -$100 paper gold price slam down on Globex on Sunday night 8/8. The cartel banks need sellers so that they can buy back their $30bn+ paper gold short book. But at $1670-1700 they were met with a cohort of bargain hunting buyers. The banks will have to start buying their paper shorts back they haven't got another 6 months to engineer another waterfall smash. As of 1/1/22 Basel 3 will be in force.
A reckoning is coming and hiding out in cheap hard asset gold miners is as good a place as any while they are still on sale.
Kees agrees with you Mr Gnome!
I agree with the sentiments of “Gnome”. some investors have made an excellent return on GT Gold five-folding their money within 6 months!
However it was wise to sell out when diamond drilling of the Saddle South area showed the gold to be present in narrow, inconsistent deposits.
Also when Cu-Au porphyry was discovered at Saddle North it was too low grade and too deep.
I never understood Newmont paying so much for it?
They must either be tremendously bullish about copper, or take a very long view?
Thank you Mr Zambianminer, your comments and contributions are always welcome and appreciated.
I do like a blue Friday for Gold.
$1,771
Well said mrtibbles.
Yes Market "It has become a trading share" it is obvious by some of their posts and lack of knowledge.
But we have to put up with them, these BB s are specifically designed for day traders ,for more commissions.
In reallity, gamblers not investors.
Shorting should be banned, it certainly undermines investment, but then the market loves volatility because it creates lots of panic trading and lots of commissions , most brokers aren't interested clients long term wealth creation , only haw may time they can take trading commissions from their clients!
It's not allowed to borrow someones car/house sell it and then buy it back to return to the original owner, yet this practice is allowed by the banks who don't even charge interest on the loans/leverage for the first 24hr period, neither is any stamp duty payable!