The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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China producer prices beat @ a whopping 9% last night - US CPI tomorrow lunchtime, we're only a hundred bucks from it now and I'm near-certain it's going to $2,500 at some point this year so who knows.
US seizes 2.3 Million in Bitcoin paid to Colonial Hackers.
So now Bitcoin is not totally secure ?
Can only point doubt of the value, should help Gold price until the US Market opens. Then no doubt the price of AU will be "Adjusted". Ha Ha.
Equities in Europe traded mostly higher in the premarket session on Wednesday, with investors still looking at what the proposed European Union budget for 2022 would mean in terms of helping out the recovery. Meanwhile, the United Kingdom's Rishi Sunak is reportedly looking to exempt London from the global tax initiative, and negotiations between the UK and the EU continue today on the Northern Ireland protocol.
The DAX increased 0.13% at 7:44 am CET, while the CAC 40 was up 0.23% at the same time. Meanwhile, the FTSE 100 stood flat a minute later.
Both the euro and the pound stood flat against the dollar trading for $1.21784 and $1.41546 respectively at 7:46 am CET.
Breaking the News / OL
Happy hump y’al
Would very much like to see other Board Members thoughts and ideas on the impact of the announcement of new Egyptian Licenses if an when announced.
Many of us are eagerly awaiting an announcement of new licenses in an expectation the SP will rise, but is this expectation realistic?
We saw the SP plummet on announcement of the West African review which came as a surprise because on the whole the review outcome was measured, positive and value creative including a probable 200 oz per year mine.
However the way forward did involve a relatively small increase in expenditure (even if significant in terms of near future free cash flow) over the next few years prior to mine start up and the market seemed to focus on this but took no account of the potential future revenue streams.
Will it be similar for the Egyptian Licenses when announced? Will the market see an erosion of CEY's cash pile as a negative factor on SP until increased gold actually starts flowing?
I would…eat my hat at $2000 gold this week Bonker
Or just some reading to p*ss us off - you decide.
https://www.propublica.org/article/the-secret-irs-files-trove-of-never-before-seen-records-reveal-how-the-wealthiest-avoid-income-tax
Our analysis of tax data for the 25 richest Americans quantifies just how unfair the system has become.
Anyone have a link or the stats on the latest CPI yet?
10-year drops, so does DXY, so does Gold - you couldn't make it up ;)
Gold back above $1,900 again - I wouldn't be at all surprised to see >$2k again by the end of the week after Thursday's CPI print which I think could be 5%.
Hi Red,
Yes , never thought I might agree with Trump, but on thus occasion!
Not off topic. The Donald has spoken about Bitcoin, the US Dollar and gold. Even Mr Tibbles may agree slightly with Trump on Bitcoin.
I love the last photo in this link - the blue box with the 1kg gold bars!
https://www.bbc.co.uk/news/business-57392734
Spot
The trust will come back on delivery of under statements and over deliveries. We r on that journey.
The foundation was v solid.. the successors were ill founded and now we are potentially back onto the original highway with a management that can drive a car.. without a silver spoon in their mouth
Best
The gnome
A part of it was closed down to 110.8p. Acts as a small deterrent for some to buy into the stock who use the charts.
For years the management had a reputation of under promising and over delivering and the markets had trust in them.
This trust has sadly been lost and will take years to repair but the new management has put in some solid foundations in trust issue so far.
Its now just a matter of time and keeping a strong and honest stable management.
Sotolo we had a bit of a shock with the market's reaction to the news of a new mine at Doropo.
What is your expectation of impact on the SP if CEY announces new licences in Egypt?
Shares on the major stock market indices in Europe stood mostly unchanged in the premarket on Tuesday, as the investors awaited data that could signal the current state in the bounce-back process amid the COVID-19 crisis.
The report on industrial production in Germany is set to go out before the session start, while the economic sentiment data, as well as Eurozone's GDP figure for the year's first quarter, are scheduled for release after the opening bell.
The DAX and the FTSE 100 stood unchanged at 7:41 am CET, while the CAC 40 gained 0.11% at 7:37 am CET. The euro and the pound both declined versus the dollar, losing 0.07% and 0.18% to sell for 1.21814 and 1.41576, respectively.
Breaking the News / BU
I could copy your post WhiteNight word for word and I’d be telling the truth.
I remain locked in Centamin until it rises which I 100% believe it will.
Bol
Sotolo, I 100% agree and understand that point, management certainly has a lot to answer for. However, on an intra-day basis when all (usual) factors fall in our favour, you must admit that it is odd and very frustrating that the sp has gone the other way. God forbid the gold price goes down, yields go up and sells out weight buys….
Interesting times indeed.
I’m all in here and continue to hold. Good luck all!
White Knight, you did ask, I think perhaps our share price has halved as profits will be more than halved this year mainly due to management ineptitude, however profits may be back near where they were in a couple of years especially if gold rises, so as long as it does we should go up, but current price is fair - reduced divi this year won’t even be covered, - Imho
It sure is not what I was expecting, has to be a breakout soon. I hold CUY and HUM, both should be much higher
Why on earth is the sp down 3% today? Gold is up and is likely to continue rising, buys vs sells massively in our favour, the US printing money like it’s going out of fashion etc etc. Yet CEY is still sitting at 112p, almost half of where it was last year. Incredible (not in a good way…).
Don't get what the sp is stuck in this low trading range. Everything looks rosey!
I don’t know what the price of Gold was at 4:30 but it has just touched the session high of $1900:00
Can’t hurt!
Thank you all for your responses on this. It just shows a nice polite question gets a nice polite answer!
I asked because most other miners I've owned/ currently own, produce a lot of silver even though they are thought of as gold miners. It's a nice way to get exposure to silver, which, as I wrote earlier, I believe will become quite expensive in the future. American's like silver - it has always been viewed as the disruptive money in the US. Since last August, the silver price has been forming a long basing pattern; there is an adage which says: the longer the base the higher the space (or something like that). Maybe Centamin will get lucky with some silver finds in the future.
I don't think it will be too long now before I add. I've worked out how much dividend I'm due (a very dangerous thing to do) and my previous 'winnings'.
There are gaps high and low,
will they get filled?
I don't know.
(Well, it is poetry Monday after all).
3:1 now BTW :)