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My div not on my account yet !!!!
I agree. Two steps forward and one step back. It keeps people guessing and we get a nice rise that is essentially unnoticed by the mainstream. It always saddens me when the headlines then start to read - gold to $5000. That's when I know we are near a top for that particular run. All good things must come to an end, and I have to wait until next time. Gold is the most emotional investment I know of.
Tibbs don't play down the juniors too much as new markets often start with the juniors who can work far quicker as less white tape and internal wrangling. Won't necessarily bring the resource to a mine but will generate the interest of the big boys if they can prove up something of a resource. Granted there will also be some also rans living in hope.
A gradual climb ,for my way of thinking is healthy.
Better than a sudden dash, that means ,more confidence and not being pumped.
Both Gold and CEY, are doing just that.
That avoids a sudden trip back down again, in my experience ,having observed the sudden jumps in the past, along with sudden sickening falls.
Last night and this morning showed some considerable buys, more than normal.
Long may it continue.
IMO.
"Gold (XAU/USD) has maintained a bull run following the recent break of the 2020-2021 downtrend. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, expects the yellow metal to target the $1959/65 region next, with scope to overcome the $2072 2020 peak."
Link:
https://www.fxstreet.com/news/gold-price-analysis-xau-usd-has-steam-to-surge-above-the-2072-2020-high-commerzbank-202105261039
Hi VCB2,
True, but then then the fact that Pardey & Youssef had only been interested in knocking up the output in the short term by not clearing waste for several years in the open pit and also the surface water seepage causing a pit wall fracture hadn't been disclosed .
Although Pardey has been replaced with a competent and well respected CEO and Capital are now clearing the open pit waste to improve access to the open pit and make it safe, this has meant a production reduction and an increase in AISC for the short term.
So the market now awaits confirmation that the new production strategy will deliver and as you may be aware some news on the newly awarded mine concessions.
Bear in mind that although other mining companies have now accepted the terms of their concession most likely the majority will never start serious production for many years if at all.
But the three remaining serious contenders who are really the only companies with the ability and funding to bring about serious production will only accept the concessions on commercially viable terms applied on the basis of parity to all applicants.
This is why things are taking so long, the Egyptian government EMRA wants to get this right and so do the mining companies or they won't commit.
Gold hot on the daily RSI so could either fall to pieces rapidly, or, given the current macro, go well north of $2k again - she's not exactly falling to pieces so far.
VCB2,
It only broke $1890 sorry. But not to worry I think $1990 will come soon enough.
I just don't get it.
Last time gold was 1990+ this was trading significantly higher.
What price must gold reach per ounce to make the sp move significantly.
I thought when possible broke 1990 we were definitely in for a 6% plus day. Bugger
Many Thanks
azzurri
Maybe, maybe not. It certainly IS NOT 100%!!
Let’s stop the bull****!
2.12p per share
hi there what is the rate in pence per share of dividend next month
many thanks
azzurri
Talked myself into a top-up :)
Obviously holding all the big goldies back but it's only a matter of time - maybe today is the day, who knows.
I just don't get it.
Last time gold was 1990+ this was trading significantly higher.
What price must gold reach per ounce to make the sp move significantly.
I thought when possible broke 1990 we were definitely in for a 6% plus day. Bugger
$1,909 right now - looks like 130s here @ >123p.
Morning.
Breakout @ >123p ...
We tend to work on sentiment on POG- big sudden spikes tend to cause a lot more buys over a general steady rise. Most of the time this is the case although, as always, not always the case.
With the price of gold breaking through $1900 overnight this should give impetus to the share price so long as it holds above this level.
There is definitely a new breed that want overnight 'instant gratification'. You see it on the chat forums.
Is it too much to ask for a good news RNS to appear very soon? Sotolo would be able to build a mansion, if it happened.
Equities in Europe traded higher in the premarket on Wednesday after European Commission President Ursula von der Leyen remarked 50% of the European Union's adult population will have received at least one dose of a vaccine against COVID-19 this week.
Meanwhile, it was reported British Chancellor of the Exchequer Rishi Sunak is vying to propose a plan to further protect the London Stock Exchange (LSE) "on national security grounds."
The DAX was up by 0.43% at 7:30 am CET. At the same time, the FTSE 100 rose by 0.06%, and the CAC 40 advanced by 0.34%. Both the euro and the pound sterling stood flat against the dollar at 8:01 am CET, selling for, respectively, $1.22540 and $1.41544.
Breaking the News / JR
Happy hump y’al
....up until close tomorrow.
The sp has been like a stuck record for weeks.
I'm expecting significant movement over the next couple of days.
Will be disappointed if this isn't 130p+ by 4.30 Friday.
Should help London get a good start for the ftse precious metals miners, Centamin, Fresnillo and Hochschild. All due to return hopefully to 2020 peak levels very soon.