Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Hi Siko,
Thank you for the update!
Only the big nuggets left then!
Of all the licenses awarded the key ones are those who have the resources and capabilities to actually build new mines, and Centamin, Barrick and B2Gold are precisely those!
Keep well !
Tibbs
Zambianminer Jesus Mary Joseph and the wee donkey your asking for a real lecture now. Mr Tibbles thought the results last week where a vote to remain.
Some good news for you post Brexit MrT. https://www.ons.gov.uk/economy/nationalaccounts/balanceofpayments/bulletins/uktrade/march2021
stating they support Buchanan and they do not believe there is a conflict of interest as Buchanan 'doesn't represent Endeavour mining'
I'm just about to respond to her email on a host of concerns - I will of course point out this glaring contradiction - if Buchanan has no ties to Endeavour mining then why in the last 12 months did they feature FOUR separate 'Mining Scoop' articles featuring Endeavour?
Where are the articles featuring Centamin?
Laughable.
https://twitter.com/Buchanan_PR/status/1360233955937681411
https://twitter.com/Buchanan_PR/status/1291746571193929728
https://twitter.com/Buchanan_PR/status/1279062464722882562
https://twitter.com/Buchanan_PR/status/1266332494057607170
I was watching KR earlier the guest said they can;t rise rates because of the extra interest due...would overwhelm them
Tornadotony - they have too much debt out there to raise rates, so I am happy to hold this all year
Took some off the table to buy back on any retreat. A small profit, but at least I have buy ammo if it goes that way.
Its bear trap and bull trap day in the gold market. I am on the side that gold elevates higher in H2. May is quite often a tricky month for everything.
Am not a chartist either - I follow economic indicators though.
Pog back up to $1840 atm
Yeah nothing personal, I am just not a chartist and never will be most probably. Even a 0.25% rate hike with 4 or 5% inflation is still good for gold, yet I am sure gold will tank if its even uttered. Some very illogical things occurring in the market
Thunder its just a question of timing. Its having a go as I write this. What I have written may be proven wrong but and gap from where USA closed yesterday is still likely to get back filled imop.
Mr Gnome,
Those who voted for Boris seem to have forgotten what a waster he is, only thinks of himself!
https://www.bbc.co.uk/news/uk-england-london-46258584
Three water cannon bought and refurbished for more than £320,000 while Boris Johnson was London Mayor have been sold for £11,000.
The vehicles were bought by Mr Johnson as crowd-control weapons following the 2011 riots.
They were sold for £11,025 to Nottinghamshire-based Reclamations (Ollerton) Ltd who will dismantle them and export the parts.
Current Mayor Sadiq Khan said "we have managed to finally get rid of them".
The vehicles were bought by Mr Johnson from Germany in 2014 and he volunteered to be blasted by one of them to reassure people of their safety.
Then-Home Secretary Theresa May banned their use in riot situations in England and Wales in 2015, and later used the purchase to ridicule Mr Johnson in the Tory leadership race after David Cameron resigned.
Water cannon have been used in Northern Ireland but have never been deployed in the rest of the UK.
Water cannon
IMAGE COPYRIGHTREUTERS
image captionLondon's three water cannon were bought and refurbished for more than £320,000
The cannon Mr Johnson bought cost £322,000 to purchase second-hand and then refit. Costs included £32,004 for low emission zone compliance, £19,035 for re-painting, £3,109 for signage, and £970 for the fitting of radios and CD players.
Mr Khan said: "For too long, London taxpayers have had to bear the brunt of Boris Johnson's appalling botched water cannon deal. This has been another waste of taxpayers' money by Boris Johnson."
After Mrs May banned the cannon's use, the Metropolitan Police said it was "naturally disappointed" with the decision.
It said while the weapons would rarely, "if ever", be used, they were "a sensible precaution which would allow us to deal with a number of specific public disorder situations".
"In the wake of the London riots, with a worrying rise in knife crime and with his hands tied by the political decisions in the Home Office, Boris made tackling crime his number one priority."
The sale was announced as details were revealed of 72 youth projects that will receive the latest round of grants from the Young Londoners Fund.
The schemes, which are aimed at diverting young people away from crime, will receive a share of £13.2m.
Charts and resistance do not drive stock prices, fundamentals, macros and operational performance do. The inflation increase and near guarantee of no rate hike this year is so structurally bullish for gold that it is a matter of time until it bursts upward..so many people are misjudging it.
I was definitely asleep at the wheel as looked at the AGM notice to get details of when and where to ask a question and I had missed the deadline.
Where did you find out that there were no questions as was hoping to read some sort transcript not just the results of the voting which I have seen?
Gold retreated but it has crept up for USA open. I suspect the weekend article in Gold eagle was right. Gold peak in May was to be this week. Looks like failure to break upper resistance. If so next higher low is 108-110 area and gold has another go in June if that is what actually unfolds.
Big overshoot on US CPI
Out of the 11 companies that had won in the recent auctions, there were only 4 left to sign contracts (Centamin, Barrick, B2Gold and Nuba mining).
Today Nuba signed the contracts..
So 3 more to go..
Hopefully our turn is soon..
https://www.almasryalyoum.com/news/details/2329328
There is nothing wrong with a good bit of civil unrest, and even a bit of blood on the streets, tallyho!
It can't be worse than the gradual death of any sensibility, and having to swoon and swelter under the "guidance" of Boris.
I am sure we could get some obliging West Africans to show you the way. Loved the work of the Burkinabe's in the 2014 coup d'état, that got rid of the President of 27 years, the same man who reportedly had a lead in the assassination's of his best friend, Thomas Sankara (the previous President).
For an interesting insight of recent, please have a look at
https://itunes.apple.com/us/movie/the-upright-women/id1562724159?ls=1
Perhaps it might be up tot he women to organize the reset?
best
the gnome
Gold has been struggling this year – but is the turnaround finally here?
Earlier this year, amid gold’s struggle, we noted all the negatives: that bitcoin was stealing gold’s thunder; that bond yields were rising; that the US dollar was rising; that the world no longer valued physical assets as much as it does digital.
But, especially, we noted the role that rising yields were playing.
Gold pays no interest – you don’t get a yield. If bond yields are rising, money that would otherwise have gone to gold (in the event that yields were flat or falling) goes to bonds instead. Gold suddenly has an opportunity cost to it, as well as a storage cost. Thus rising bond yields are bad for gold.
For some reason, the effect of bond yields on gold is most visible with the ten-year bond. I’m not sure why, but one theory is that the average time it takes to take a mine from discovery through to production is around ten years, so gold and ten-year bond yields tend to correlate.
But we also noted that gold was oversold, that it was sitting on an important technical level, that we were headed into a positive time of year for gold (April is usually a good month). What’s more, we noted that business was getting back to normal.
Rising yields indicate that people expect economic strength. A strong economy gives rise to inflation. Gold is the de facto hedge against inflation. In the long-term then, rising yields are good for gold.
The bottom-line roadmap was that we expected a rally in April, a turn in May, a June low and then highs later in the year.
We got the April rally: gold went from $1,680 to $1,845 a couple of days ago. It now sits ten bucks lower. Are we now getting the May turn? It’s possible, but the landscape has changed.
There are two big changes in the underlying drivers. Firstly, bond yields have turned down. Inflation expectations, meanwhile, have risen again. As Charlie Morris notes in The Fleet Street Letter this week: “If the reduction in the bond yield continues, then markets will start to favour more defensive assets. This would be a major shift in the narrative that has built up over the past year, from value back to gold”.
Morris has recommended that his readers, already long gold, buy more. He thinks we are headed back into a “risk-off” environment, and you want to be in safe assets.
The fates of gold and the US dollar are once again intertwined
Perhaps the biggest driver of the lot though is the US dollar itself....
Read the whole of this article on the MoneyWeek website
Until next time,
Dominic
There is nothing wrong with a good bit of civil unrest, and even a bit of blood on the streets, tallyho!
It camnt be worse than the gradual death of any sensibility, and having to swoon and swelter under the "guidance" of Boris
A little shocked to learn there were no questions submitted prior to the AGM or online during the AGM. Does suggest we are either all happy campers, or all asleep at the wheel, or have grip on the wrong wheel.
best
the gnome
The Conservatives to me are just a mafia ..and with the aid of the media we have a one party state...nothing short of civil unrest or civil war will change this...and i don;t see this happening....
When US President Barack Obama infamously said Britain would be at the “back of the queue” for any trade deal, the intervention backfired tremendously
Now that's something we can agree on....that bloke trying to thwart democracy at the request of the slime Cameron.
Whichever side of the debate you stand on i think we can agree that was appalling but then Obama is appalling and so is Cameron. These 2 obviously know nothing of ordinary folk who don;t take kindly to threats, they think the public are dumb sheep who need herding.
I take your points on Juncker Mr T and you may be right but he didnt help himself to be honest what i witnessed in the Euro Parliament.
As said always was 50/50 and i now kind of regret Brexit because with the 3 million HK passports offered we have gained nothing and lost more..
Yes read the RNS's. It's all there.