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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Major European indexes traded lower on Monday during the premarket session as investors closely monitored the latest developments of the Middle East crisis. During the weekend, two additional groups of captives were swapped between Israel and Hamas. Furthermore, the two parties involved in the Gaza conflict signaled that they would be willing to consider extending the ceasefire.
The DAX lost 0.16% at 8:00 am CET, while the FTSE 100 declined 0.27%. The pan-European Euro Stoxx 50 inched down 0.12%.
The euro and the British pound were flat against the dollar at 7:58 am CET, selling for $1.09484 and $1.26170 respectively.
Baha Breaking News (BBN) / JJ
Happy Monday y’al
* POG $2010 +
* US thanks Egypt for role in Gaza ceasefire
May have been Chalcopyrite ,but gold is not crystalised.
The large house at Loe bar was the family home of a famous ww2 pilot Douglas Bader
Thank you Mr Bond, Been to Port Leven many times but your post has reminded me I should take that Loe Bar & Loe Pool walk and I will also have a look for that gold!
Tibbs
Make sure th tide is out ;-)
As you appear to bein th Helston area.
Go to Port Leven ,on to the beasch and head towards Looe Bar.
If it already has not eroded look up at the cliffs , where you will find the remnants of a copper mine running horizontaly.
Maybe even black sand on the base of the cliffs. often ontaining minute flakes of gold.
No mine owners even recorded how much gold or siver they recovered, There must have been some ,.
Thanks Mr T
You maybe should consider the question as to what is not manipulated. The answer is in fact easy, the things that do not matter are not manipulated, as they do not matter!
Gold, although it is a small market, it does seem to matter? In reality it is a question of the cost of manipulation versus the benefit. The cost of manipulation is not a lot (even if you are caught !?), and the benefit does spill out into a wider arena and questions which have hidden benefits, which tend to have more significance than the costs.
The wider arena has gold lobbing in as more than a commodity or currency, but something that has a lot of "emotional attachment" which goes beyond that which you can reasonably put into a spreadsheet, so the economists leave the room, not understanding something what they cant plug in and compute. They try but this is another game.
So no questions from me, gold is a manipulated market, and hence gold miners and perhaps more bizzarly, gold explorers are a beneficiaries of the manipulation. Gold explorers are bizzare as they have an implication in their price structure, as to what the gold price might be in the future!? Of course no one knows!
But people like me think the gold price is going to stagnate or appreciate, and hence gold explorers are not a bad bet, given you bet on the well intentioned and credentialled explorers (hint: very few of these)
So I am happy with CEY, who have a reasonable allocation to exporation, some of which is very likely to convert to income. . The commodity is gold The company have more reserves than they declare, more resources than they declare and more exloration upside .. So goes the legsilation, and so goes the engineer. The social capital is as good as if not better than most ...
good luck to us all ...
fortune tends to favour the brave and the more informed.
best
then Gnome
Bill Murphy, the chairman of the Gold Anti-Trust Action Committee (GATA)who has led the fight against gold market manipulation for 25 years!
The formation of GATA, why Bill was censored long before ‘Cancel Culture’, how the silver market is heavily tampered with and the consequences that those rigging the market faced when found out.
25 years of the suppression of silver prices by J .P. Morgan!
https://tinyurl.com/383ur858
Everyone has an opinion on gold, ... if interested listen to Joe Cavatoni, Market Strategist at the World Gold Counci World Gold Council on the below chat, go in at 40 minutes on the podcast, more of a balanced and intelligent discussion
https://www.firstlinks.com.au/wealth-experience-podcast-s2-ep12
the speaker
https://www.gold.org/who-we-are/our-team/joseph-cavatoni
Growth of digital gold
https://www.forbes.com/advisor/in/investing/gold/what-is-digital-gold/
Lots of factors impacting on gold, more than previously ...
enjoy the weekend ...
the gnome
Hi Razor's,
I'm in Helstone having breakfast so I can get a signal, other times I find at the cottage that I get the best signal in the very early hours!
I agree with your points, as Kees Dekker has pointed out to me on many occasions its very easy for mining CEO's when trying to raise cash by reeling in new investors to gloss over certain facts especially when they are making presentations to retail investors !
One of our old members who still resides in Jersey used to rent a house to Andrew Pardey when I asked him why he was getting out, but I was still willing to trust in a very senior member of management so I thought that can't be true, sad to say how wrong I was!
I used to be surprised how many CEOs would join in to give advice and their depth of experience on certain blog sites. No longer.
There are a lot of moving parts in a mine site, and a lot more in a large mining operation. To think, as a passive remote investor you have enough information to run the mine, is, a little naieve. To be polite.
There are some excellent exploration results, be it greenfields, or brown... but do I have enough information to make a call on how commercially significant these are? ... not really...an informed guess?...marginally....
Lets have good discussion, good observations,
To have a look at Andrew Pardey have a look at the share price of Predictive Discovery .... since he joined...going nowhere slowly ...
good luck all...
~
the gnome
Major European indexes traded lower on Friday during the premarket session as investors awaited key economic data. Before the markets open, Switzerland is due to release its employment data for the third quarter, while Germany is releasing its business climate reports.
The DAX lost 0.10% at 8:08 am CET, while the FTSE 100 declined 0.25%. The pan-European Euro Stoxx 50 inched down 0.24%.
The euro and the British pound were flat against the dollar at 8:09 am CET, selling for $1.09070 and $1.25355 at the same time.
Baha Breaking News (BBN) / JG
Happy Friday y’al
Enjoy your weekend!
Hi KEN23, could you please post your list, would be very valuable info. thanks
I stated the present BOD and CEO should be called to account and challenged, not changed at this stage.
New shareholders need to be made aware why the company is still suffering because of a catalogue of the previous managements ongoing and intended reckless behaviour.
I am quite clear on my opinions based on the evidence and not unrealistic in my expectations.
Take off your Rose coloured glasses Mr Bond and explain why you are so reluctant to admit to your self and others the deliberate and foolhardy, but very greedy actions of the past management are why Centamin is where it is now.
Cowichan is a very decent chap who feels passionate enough to question,that is to be applauded and indeed is expected by any and decent BOD
Hi Konan,
It is understandable, reasonable and to be expected that you like any other shareholder who isn't afraid to face what may be unpalatable facts should raise those questions, I agree with you entirely!
Taking all your valid points into consideration Centamin would and should have a higher share price than it does at present, most analysts and common sense are of the same opinion.
The share price remains discounted because the previous management were less than candid far too many times about what they knew only to well were unpalatable facts and so despite the new regime having made the long overdue very costly, albeit very necessary operational changes the market expects more than upbeat polished presentations and future forecasts !
The market demands actual delivery of guidance with increased and sustainable profits as a result of a significant reduction in AISC that being the cessation of the excess waste clearance contract!
What would certainly help is some significant share purchases by the CEO, CFO and the BOD unfortunately at present although trying to convince everyone else that the share price is very cheap they appear for whatever treason reluctance to buy themselves!
Tibbs
So now you want to change the BOD do you :-) ?
For what, and why , dont come up with more history of others , which you often repeat .
Seems you are confused ,and not realistic .
Which is a shame for you.
Your chances of that are zero.
Come out with evidence to back your claims ,then you might get taken serious.
Otherwise just get out ,like your friend.
Centamin is up .79 %, Hoc .2 % fres minus 2 %.
So all in all not bad. IMO.
I'm optimistic I just expected it not to be where it is
Red hot inflation
Geopolitical uncertainty
Declining confidence in US dollar
Central bank accumulation
Gold flirting with $2000 constantly
Rarely post here but now have approx 40k shares in a sipp/isa. Have seen some negative comments about the company but am happy to hold for the good times again(hopefully). I am surprised that the sp hasn’t moved up with the gold price though.
Take one for the team Robina.
A few weeks ago simply wall st said: Centamin plc (LON:CEY) Shares Could Be 48% Below Their Intrinsic Value Estimate
Just 12 days later: Investors who have held Centamin (LON:CEY) over the last three years have watched its earnings decline along with their investment.
Seems 90 is about the resistance level. I will need to sell for it to rise above this level. Works every time.....
Koran
I'm always the optomist never the pessimist
What a depressing stock to have held these past few years
True investors have choices to make if they are unhappy about how a company is performing, or being run on their behalf, the obvious easiest choice is to sell out, but then that choice is letting the company off the hook and foregoing a shareholders right and indeed duty to challenge the BOD and call the company to account.
In general a shareholder will likely achieve little satisfaction and likely just become more frustrated by sitting on their hands whilst gritting the teeth for fear off upsetting the BOD, or possibly being accused of
de ramping share price by speaking out.
Europe's major stock exchanges traded mostly flat during Thursday's premarket session with the European Central Bank scheduled to publish its meeting accounts later in the day. Investors are anticipating data on composite PMI for Germany, the United Kingdom, and the Eurozone.
At 7:55 am CET, the DAX, the FTSE 100, and the Euro Stoxx 50 were all flat. The CAC 40 gained 0.09% at the same time.
The euro traded 0.20% above the dollar, selling for 1.09088 at 7:56 am CET, while the pound grew 0.13% against the greenback, to sell for 1.25095 a minute later.
Baha Breaking News (BBN) / DD
Barrick not brick lol