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Lots of dangerous currents washing/ sloshing around in the market place/s. If the covid virus and its (endless?) mutations are not enough, the politicisation of virus containment and the government management of the economic effects of the virus are cause for alarm.
In the ongoing economic fallout from the pandemic, David Woo (now INde of Wall Street, trying to make a name for himself as such) now worries that lax insights from Wall Street’s intellectual elite could throw up painful problems in the near term.
I would argue ... has, is and will .... throw up a raft of problems,
‘‘Wall Street is doing just that to us today with the far more dangerous threat posed by climate change, craftily greenwashing the economic system and delaying overdue systemic solutions, including those intended to combat rising inequality,’’ . The UN reports 4.5 million dying of cold pa, and 600k dying of heat pa? Is global warming that bad?
The timing of the US Federal Reserve’s plan to scale back its $US120 billion monthly bond buying that has reduced borrowing costs through the health crisis and helped to support financial markets, has emerged as one of the biggest questions facing investors today. It cannot continue, as the race to grab debt (as much as possible) to buy assets, especially those which produce passive income at 2-5x the cost of the debt is gravity defying. Asset bubbles everywhere
The rapid rise of the delta variant, which has refocused attention on vaccines in countries such as Israel, Britain and the US, which enjoyed some of the highest inoculation rates in the world, is being swayed by perceptions that the recent surge is the fault of the anti-vax crowd. (Vax reduces the personal risk of effects of the virus, and has some reducing effect on the spread?)
Instead, waning protection among the vaccinated poses just as serious a threat, Woo believes, and could delay widely held views that the US central bank will ease its bond buying this year.
‘‘The most fundamental question on Wall Street right now – when is the Fed going to taper? – comes down to what is causing the surge in COVID-19 cases and what assumptions the market is making,’’ Woo says.
“New variants of the SARS-CoV-2 virus are detected every week,” Ray says. “Most come and go — some persist but don’t become more common; some increase in the population for a while, and then fizzle out. When a change in the infection pattern first pops up, it can be very hard to tell what’s driving the trend — changes to the virus, or changes in human behavior. It is worrisome that similar changes to the spike protein are arising independently on multiple continents.”
https://www.hopkinsmedicine.org/health/conditions-and-diseases/coronavirus/a-new-strain-of-coronavirus-what-you-should-know
The underperformance of many gold companies whether single or multiple mines is a strange event. The billowing of the cypto related companies and currencies is staggering, given that most are h
Amazing to see that the sp her this time last years was £2.10p - i wonder how many long term holders are sat looking at a hefty loss.
The company looks in good shape to my untrained accountancy eye.. No debts cash rich and paying a decent divi. They are also on track to meet 2021 guidance.
Anyone got any info on when or how the west wall of mine that had some movement will be addressed ? I’m sure i read they were looking at a new entry point to mine that richer gold? That issue started the steep dip in sp autumn 2020.
Ian
They should be able to mine out 60,000 ounces of the much higher grade open mine ore from December to next March , hence why the target production is higher for 2022 year. They have processed a lot of low grade stripped out ore in the waste piles. The future looks far more promising on costs, production, climate protection measures and future resource increases. Eventually CEY will bottom in price and that is when a lot of us will throw in the kitchen sink and just back up the truck and load up with yet more CEY shares. Tony
The problem Steve, and others who look back at the higher share price, is that, despite higher gold price, ounces are down and costs have risen so much that profits look likely to be more than halved, hence much lower share price. IF the company can get costs including capex down from their currently outrageously high levels AND get ounce mined back up which helps costs, then our price should shoot back up. However given Centamin history and historic mining inflation this is an IF. Plus mining investors are worried that gold will fall when interest rates rise, and that gold shares will tumble as usual when the market crashes and demands lower PE’s imho
Oh dear Sotolo!
“Could be worse. Not sure how, but it could be!”
"It’s the only could in the sky and it’s drizzling, right on me. Somehow, I’m not surprised!"
"I never get my hopes up, so I never get let down!.”
"Don’t blame me if it rains!”
"It is very much possible that I’m going to lose it once more, anyhow.!”
Cheer up Sotolo!.
You know what they say;
Some things in life are bad,
They can really make you mad.
Other things just make you swear and curse,
When you're chewing on life's gristle,
Don't grumble, give a whistle,
And this'll help things turn out for the best, hey,
Always look on the bright side of life,
Always look on the light side of life,
If life seems jolly rotten,
There's something you've forgotten,
And that's to laugh and smile and dance and sing.
When you're feeling in the dumps,
Don't be silly chumps,
Just purse you're lips and whistle,
That's the thing.
And, always look on the bright side of life,
Always look on the right side of life,
For life is quite absurd,
An. death's the final word,
You must always face the curtain with a bow,
Forget about your sin,
give the audience a grin,
Enjoy it, it's you last chance of the hour.
So, always look on the bright side of death,
Just before you draw your terminal breath,
Life's a piece o' ****,
When you look at it,
Life's a laugh and death's a joke it's true,
You'll see it's all a show,
Keep 'em laughing as you go,
Remember that the last laugh is on you.
And, always look on the bright side of life,
Always look on the right side of life,
Come on, Brian cheer up,
Always look on the bright side of life,
Always look on the right side of life,
Worse things happen at sea, you know,
Always look on the bright side of life,
I mean, what do you have to lose?
You come from nothing,
You go back to nothing.
What have you lost? Nothing!
Always look on the bright side of life.
https://www.youtube.com/watch?v=-BZzfLZXeAc
Quite so Tornadotony!