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The interest rate rise from 0.10 to 0.25 annonced today is actually good for gold.
He explains why here - https://www.youtube.com/watch?v=CTsXYYw_jpM
takeover target at this price as trader007 points out the last bid came in here at 126p but since then resources have increased.
tiny almost meaningless increase in rates today, gold seems to have factored it.
Think this price here at 83p is a steal given divi yield % is nearly 10% here..
Nice one Cowichan,
From a well respected mining analyst,
The previous Centamin management fell behind with waste stripping which ultimately resulted in the pit wall failure.
Current management is now fixing that having appointed a mining contractor for the extra stripping.
The company is going through short term hardship, but will be rewarded in the next few years.
I agree the sentiments on Burkina Faso projects, but am not that positive about Doropo.
At the indicated grade, it is not really a dripping roast. It may well be given the go-ahead, but will not add substantial to company value.
Rather invest in near mine exploration. Turning any discoveries there to account will be much easier and cheaper.
Of course the single asset nature is a draw-back and makes Centamin more risky.
This has however been the case for years and investors will have to weight this against the improving prospects which the market does not seem to have appreciated as yet.
It is down to personal choice call, but in my opinion Centamin now compares well to others.
Share holders know their problems, with others they will still have to find out!
"Watch what they do, not what they say"
Is it top of the market, are tech and other equities massively over valued for no other reason than meme sharing on twitter. Perhaps Elon really is just doing whatever people on twitter say he should do, as protest to regulators and politician's tax proposals
On the Fed`s current course the economy will remain hot hot and inflation will go much higher. Democrats heeding for a beating next November.
It’s hawkish relative to their previous position. Markets respond with their view - which is often different to what is said- we are in uncharted times as this is a recovery from a pretty much stopped and restarted economy - different from previous general cycles. We still have a k shaped recovery.
I apologise for spelling. Sausage fingers.
Quite often it's words and not actions that get a reaction. Point being I did not say Central banks are irrelevant, of course they are not.
Theyf ed cannot reign in inflation as there is no growth the recession would be huge if rates rose to achieve this. Hence my stagflation comment earlier if you understand that.....
There`s nothing hawkish about this Fed. They are still printing. Actions not words is what counts. They say they will stop printing in March next year and interest rates might hit 1 per cent by December. That`s no remedy when inflation is 9 per cent and rising. Expect to see the same in reaction from the BOE today. The RPI hit 7 per cent yesterday.
Robbie if you read what I said, Central Bank words.....
Agrrrh- without typos…
Hawkish fed yet markets rise and so does gold and crypto … I think inflation will defo dip lower next year as believe primary cause has been QE and COVID causing some supply chain issues- as I’ve been saying since April last year - k showed recovery and this remains true now- the markets are not the economy…
Central banks are still relevant as they control the printing presses.
Hawkish fed yet markets rise and so does Rolf and crypto … I think inflation will defo dip lower next year as believe primary cause has been QE and COVID causing some supply chain issues- as I’ve been saying since April last year - k showed recovery and this remains true now- the markets are not eh economy…
Morning Steve, aIll check tonight for the same.
No RNSs so maybe a canny investor,as it wa an Ordinry 2 trades not Automatic.
So far they called it right
The Market defies logic.
Who were those big buyers after the close yesterday ?
Central bank words are becoming a little irrelevant. Stagflation is nearly upon us.
Cey is an absolute bargain.
Fed`s crazy policies helping us this morning,.US inflation hit 9% last week and they decide to continue with QE until March next year. The permanent officials believe in policies that will stoke inflation and the guys who meet once a month aren`t prepared to tear up the papers that are put in front of them. That`s life.
If BoE holds off on rate rises again later, gold ought to head above 1800.
Speaking from experience RE?
Lol Razor!
European stocks rallied in premarket trading as investors focused on central banks' interest rate decisions. On Wednesday, the United States Federal Reserve announced it will accelerate its tapering and added it expects at least three rate hikes next year. Meanwhile, the European Central Bank (ECB) and the Bank of England (BoE) are set to reveal their monetary policy decisions later in the day.
The FTSE 100 climbed 0.80% at 7:27 am CET, the DAX jumped 1.18% and the CAC 40 surged 1.31% at the same time.
The euro was flat against the dollar, selling for 1.12882 at 7:30 am CET, while the pound lost 0.09% compared to the greenback to go for 1.32486 at the same time.
Baha Breaking the News (BBN) / NP
https://m.economictimes.com/news/economy/indicators/wedding-rush-sends-indias-gold-imports-surging-to-six-year-high/articleshow/88309301.cms
*personally I’d just give her the house.
Perhaps an executive team that believes in the potential of Egypt?
Also, an update on that LinkedIn post:
28 people from Centamin PLC viewed your post
17 Barrick Gold Corporation
4 Rio Tinto
24 Executive Director
15 people viewed your post from London Area, United Kingdom
in total 852 views and counting...
https://www.linkedin.com/posts/don-lawson-98619370_barrick-gold-mining-activity-6876285221256388608-JxXf
I sense Sprott Money may have got this right. Centamin to go back up to 112p area mid to late first quarter. What was missing from all of the FED talk was climate protection and implementing COP26 measures. The reason being is that they are inflationary. Doing nothing is unproductive GDP and negative growth.