The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Gold in pounds up £31 an ounce today!
The UK has been hobbled by Boris & his nasty clown cabinet, the BOE puppet governor daren't raise interest rate's because it will expose the true state of the mess the present government has created
Sotolo,
Wouldn't you be more content investing in something else?
Hi Tony,
Thank you for reminding us of this, you may recall how at times in the past "Uncertain" referred to this correlation between those charts and the Cey share price, seems more prevalent when there is some apprehension about what is happening at Centamin.
I remain very optimistic about the future, not least because Kees Dekker who knows his profession inside out is of the opinion from what information is available that Martin Horgan's operational strategy at Sukari is best practice and that as long as the POG remains around these levels Centamin will easily cope with what need's to be done whilst still making money.
But whatever happens at the present time things will get better and Sukari will emerge a far more efficient and indeed profitable operation on very much more sustainable basis.
Yep Canetoad- there’s enough uncertainty out there to see a rise in gold - here’s hoping…
I view it very much simpler:
- If gold drops, CEY will drop.
- If gold rises, CEY will rise, except when there's negative CEY news
Gold looking positive for the past few 'hours'. Let's hope it can hold it for more than 1 day.
Sotolo
The GDX ETF chart for the last 3 months is virtually the exact of Centamin. So your comment about the company being a concern specifically is not correct. Tony
Patryk depends on whether Dec 1st news is better or worse than expected. We know what to expect but not which way it will differ, not how investors will react when we see the figures in Black and White. The price says the market is a bit worried….
Auson
40% in your example on what is probably 65% of the total cost. Productivity improvements remain the same as before. Tony
Tornadotony,
Its a vicious self perpetuating circle the way I see it. A guy I heard speaking the other day has a construction company, he was paying £10 an hour for labourers now hes paying £14 an hour.
Learnt something the other day, the USAF B1-Spirit (stealth bomber) has a thin coat of pure gold covering all of its windows - essential apparently for avoiding radar detection!
Gold in pounds up £12 an ounce since BoE decide not to raise rates. Now voicing over fiction as they let inflation rip. Putting up rates won't stop on-going inflation apparently and it will go a lot higher than planned to boot.
The answer is to buy some gold as they trash paper currencies.
1,784.42 +7.62 +0.43%
https://goldprice.org/goldprice.org
The Bank of England's (BoE) Monetary Policy Committee (MPC) voted 7-2 on Thursday to leave Bank Rate at 0.1%. The MPC voted unanimously to maintain the stock of corporate bond purchases at £20 billion and voted 6-3 to keep United Kingdom government bond purchases at £875 billion.
In the third quarter of 2021, the UK GDP grew by lower-than-expected 1.2% mostly due to supply disruptions, the committee noted, but added that the economy will return to its level from the fourth quarter of 2019 in the first quarter of 2022. The unemployment rate declined to 4.5% in the quarter to August, while the annual inflation rate in the UK stood at 3.1% in September, down 0.1 percentage point compared to the figure recorded in August.
The MPC determined "that, provided the incoming data, particularly on the labour market, are broadly in line with the central projections in the November Monetary Policy Report, it will be necessary over coming months to increase Bank Rate in order to return CPI inflation sustainably to the 2% target."
Gold price up Cey down, one would expect the opposite here esp with news on the 1st Dec… we are way undervalued and yet no reversal of downward momentum…
For a strong energetic democracy you require a strong energetic opposition. Frankly we have been let down by another bunch of incompetents
Always did always will that's a given.
Absolutely agree Mr Bond, yet our UK government still supports the US when it could be a participating and a contributing member trading and bringing about change for the better in Europe!
Unfortunately it seems that there are a majority of hypercritical self serving even corrupt politicians and ministers holding the most powerful positions in most governments the world over
What hope is there when the people of the UK elect this shower of stinkers with such a majority with very little option to replace them in the future due too the outdated and unfit fir purpose "First Past The Post" electoral system and replace them with a cross section of the other political parties!
https://www.thelondoneconomic.com/politics/full-list-of-mps-who-voted-to-rip-up-the-rule-book-and-let-paterson-off-the-hook-299796/
"If Tory MPs in Parliament reject the Standards Committee finding against Owen Patterson, it will signify that the Conservative Party is content for us to become an endemically corrupt state. "
https://westcountrybylines.co.uk/a-plea-to-the-regions-conservative-mps-show-you-are-not-careless-callous-or-corrupt-dont-let-paterson-off-the-hook/
The British opposition has reacted angrily to reports of Prime Minister Boris Johnson’s flight during COP26 climate summit. The Daily Mirror wrote that the Prime Minister flew to London in a private jet from Glasgow, where the climate conference is being held, for dinner at a men’s club. “Shocking hypocrisy,” said Anneliese Dodds of the left-wing Labour party.
https://netherlandsnewslive.com/boris-johnson-under-fire-for-hypocritical-private-jet-flight-for-dinner-at-london-mens-club-abroad/274706/
https://www.independent.co.uk/news/uk/politics/boris-johnson-private-jet-doncaster-darlington-train-time-air-pollution-a9239261.html
Johnson/Farage,Jacob Rees Mogg ,the right wing politicians press and others with vested corrupt personal interests spun the UK electorate a yarn that appealed to the very worst in people and the public fell for it hook line and sinker!
As share holders in Centamin there is little doubt that Andrew Pardey and his previous management team took advantage of our better nature and spun us a yarn and we fell for it hook line and sinker!
I challenged Andrew Pardey about the findings and concerns in both of Kees Dekker"s reports of 2015-2018 and he denied any knowledge of either, he also ignored my emails
So there we have it, conned by our present UK government and conned by our previous Centamin CEO and his team, lets hope that things are at least changing at Centamin now!
Completely unchanged in the last 3 weeks. In the background, physical must be getting bought in UK and euroland.
I would add that this cut us(SP) by around 25% in Oct2020.
Since then pretty much performed like the majority of PMs.
The sector has been unloved YTD.
Charlesrixon
The significant underperformance is tied to a guidance cut related to a shift in mining plans following movement in a localized area of waste material at its Sukari Mine.
While Centamin points to significant growth ahead (2021-2025), production is still expected to be below 2019 levels, and well below peak production levels even after operations have returned to normal.
There's your answer.
No sun — no moon!
No morn — no noon —
No dawn — no dusk — no proper time of day.
No warmth, no cheerfulness, no healthful ease,
No comfortable feel in any member —
No shade, no shine, no butterflies, no bees,
No fruits, no flowers, no leaves, no birds! —
November!
Stock exchanges in Europe traded higher in premarket trade on Thursday after several banks from the continent, including Credit Suisse, Societe Generale, ING and Commerzbank, released their respective third-quarter results. The United States Federal Reserve revealed yesterday that it will begin trimming its monthly bond purchases.
The DAX gained 0.56% and London's FTSE 100 increased by 0.30% at 7:32 am CET. The CAC 40 grew 0.59% at 7:05 am CET.
The euro was down 0.23% compared to the dollar at 7:33 am CET, trading for 1.15855. The British pound was 0.18% lower against the greenback, changing hands for 1.36622 a minute later.
Breaking the News / MS
“The man who says he can, and
the man who says he can’t,
are both correct.”
Happy Thursday y’al
Altair has a certain resemblance to some fringe dwellers that I met. Like to know what changed hands for them to get the permits ...
CEY handling by new mngt of this Burkina assett will be of great interest,
thanks
the Gnome