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Anything less than the expected acceleration of the taper to 30bn will be good for gold. Any dovish, more cautious undertones to Powell's speech will be supportive. We'll see how much the fed considers omicron a threat (it seemingly isn't much of one, but it might overreact like the UK has), and whether that massive jobs miss changes their outlook on the health of the labour market, the other part of their remit. If they surprise and hold the taper at 15 then gold will have a good month.
Uptick coming over next few days for the 10% traders
Wouldn't say there's anything wrong. It's testing its key support level in a market rife with FUD. Very few shares, miners or not, are doing well so far this December. Cey has value, market conditions will improve for it in time.
Nope- most PMs the same- Vitaly over at POLY flagged rising costs in Jan2021 and Aug2021 and SP took a whack both times- CEY latest RNS said same but also other info on Sukari which added an additional SP downside for obvious reasons.
SP's responded to the usual generic markers that other companies do, with the addition of gold price. Sentiment on gold and intra-day movements in gold get the SP to where it is...
Gold price hasnt really moved much in the last 6 months give or take 50 dollars
Cey share price has lost 25% in the same time yet what has changed in the company,so something is wrong somewhere
The FTSE 100 (^FTSE) stumbled against its continental peers on Wednesday as UK inflation rocketed to a 10-year high.
London’s benchmark index fell 0.1% after opening, while the French CAC (^FCHI) rose 0.6% and the DAX (^GDAXI) was 0.4% higher in Germany.
it came as the latest figures from the Office for National Statistics showed that inflation surged to its highest in more than a decade last month. The consumer price index jumped to 5.1% in November, well above forecasts and the highest since September 2011.
The cost of clothing, fuel and second-hand cars all contributed to the surge, as well as the costs of goods produced by factories and the price of raw materials.
This now raises questions as to whether the Bank of England will raise interest rates at its meeting on Thursday. The MPC will now have to weigh up the surge in price rises, and the International Monetary Fund (IMF) discouraging it from delaying any further, against the threat of the Omicron variant.
https://uk.finance.yahoo.com/news/ftse-heads-lower-uk-inflation-soars-decade-high-european-markets-085743937.html
We all know the US can't walk the talk it'd sink their economy.
Some countries may be buying a bit but America certainky isnt they dont like gold and the world we live all that matters is what America thinks and does and the rest of us follow
Agree Autonomy - The time-horizons are out of court. - The Dec 8th update is not intended to inspire/attract investors. - It does however have appeal for take-over suitors.. IMO
They may taper but will then print another 2 trillion $ for infrastructure. It's never ending.
There is also gold supply v demand on the horizon. Central banks loading up to protect Fiat currency.
Halfpenny
You must be reading different articles to me tapering to finish in March earlier interest rises,dollar up gold down
Some say gold is inflation proof but inflation going up and gold going down
One anaylst in Kitco predicted 1600 gold next year,how much will Cey be loosing then
Taken from the Economic Times 6hrs ago :-
However, the uncertainty engulfing the markets over the Omicron’s outbreak may push the Fed to defer the decision till next meeting. Gold price trend is also suggesting that the tapering is not going to happen anytime soon
Ok if you bought now but some have us have been hear a while and loosing many thousands,the share price tells the story
2024 is a long way away and nobody knows what could happen
Not a dog by any means momentum going in the wrong direction for cey atm but it will turn possiblity this afternoon after Fed speak analysis as some thinking PM's will get a big push higher post analysis.
A dog with 8 to 10 billion of ounces of gold in the ground. And an mcap of less than 1 billion. And 250 mill in the bank. And 500k oz annual dig from 2024....
Is this really a dog maybe I'm missing something.
https://www.mining.com/endeavour-mining-walks-away-from-takeover-talks-with-centamin/
I'd believe that b4 believing idiots posting on this board including myself..
Adrian77 Re. "Don't believe everything you are told" why were you told something different to everyone else? Do share please..
halfpenny,
Endeavour didn't exactly 'walk away'
George Town, January 14, 2020 - Endeavour Mining Corporation (TSX:EDV) (OTCQX:EDVMF) ("Endeavour") has been informed by Centamin plc ("Centamin") that it does not intend to seek an extension to the January 14, 2020, PUSU deadline. Given the lack of information received, Endeavour confirms that it does not intend to make a firm offer for Centamin and therefore the merger discussions have been terminated.
Commenting on this, Sebastien de Montessus stated:
"We remain convinced about the strategic rationale of combining Endeavour and Centamin to create a diversified gold producer with a high-quality portfolio of assets. The quality of information received during the accelerated due diligence process has been insufficient to allow us to be confident that proceeding with a firm offer would have been in the best interests of Endeavour shareholders.
Gold at 1600 and bye to the dividend what will the price be then
What a dog
Please spare our misery somebody make a bid and get me out of here
Yes the bid may be less and would be rejected. The magic figure is still around 1.7bil unless hostile.
Don't believe everything you are told.
@Mrtibbles - Yeah aware, thanks though.
Adrian 7.7 Endeavour walked away you muppet :-)
Adrian77,
He probably doesn't ! I would argue that a bid now would be less than the last one, although you could make a case that the reserves now have a higher value due to gold price.
A lowish ball bid now would be good as long as its firmly rejected by the BOD !
Excuse me halfwit.....or don't you remember the endeavour TO bid rejection.