Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Centamin also down? The market makes no sense sometimes.
The market used to make sense, but now there is a fair amount of novice money, which seems to "make the market", at least in Oz. Whether these are the young getting enthralled by making a quick buck, or the bored, all locked up and nothing much to amuse themselves, people trying to support a habit, or people who cannot get to the casino to play the pokies or they want somethig new to amuse themselves with. ... They read a social media post, jump in and by, or sell, whatever way the social media/influencers wants them to jump. There is enough material to keep a city full of psychologists on edge, trying to work out the ups and downs and competing forces in the market place. The crypto space is all this but on steroids. The crypto's have intrincisally no value, and you probably could create a new crypto token, backed by a plantation of banana leaves inside a lost weekend...some do.
I was taught to not invest in things I did not know about, or could get to know about, or had ruly markets (that is market with clear rules of trading), but those days are gone it appears, or never were here for many.
So yes, the market does not make a lot of sense, and there is good reason for this
best
the gnome
Good to hear from you Bob&Liz,
The markets today aren't a place not or most ordinary people to invest in today, its more like a an bigger version of "BetFred", "Paddypower" or any of the other online Casino's, but with less real regulation and certainly far more manipulation from behind the one way mirror!
Lets face it it if any of the predictive methods, charts, algorithms,etc were so reliable then the market experts would have all used them and sailed off into the sunset!
It's very noticeable recently how many of the new members that popped up claiming to have gotten out with a profit and warning others of a potential share price crash seem to have gone very quiet , even gone elsewhere!
Although I don't like to admit it after the last open pit near catastrophe, the kicking of the can down the road for years on the Egyptian outstanding issues, not to mention the never ending promises of revealing the details of just how good the West African resources are, it is now apparent that Joseph, either wasn't up to the job, or was up to the job and chose to stay shtum before riding off with full saddlebags, whilst Pardey, Youssef and others continued running Sukari just like any other pyramid scheme!
At least now we see to have a CEO with some integrity, the desire and the professional ability to run Centamin and its various operations properly in a sustainable and safe manner for the future!
According to the BBC the young are buying gold.
Gold attracts young investors trading online, says The Royal Mint
https://www.bbc.co.uk/news/business-57914322
Perhaps the young have decided that gold is safer than bitcoin? Certainly China will not be trying to ban gold anytime soon, or at least, difficult to buy and hold.
Given Capitol's statement last week, I see no reason to think that Centamin's results tomorrow will be dreadful. Just steady.
Sold the majority of my shares yesterday and today. Not happy with the US market rebound and the valuation given the 5h1tsh0w position we all find ourselves in at the moment with the pandemic. Even sceptical analysts expected it to be under control by now but instead we have increasing variants.
Historically PM producers should be outperforming the wider markets. Something not quite right.
Not sure if we are in the midst of a ‘bull trap’ but I’m the past I have turned to PM producers but feel like I have to sit on cash.
Hopefully good news for holders here on the back of a strong close ‘across the pond’
Apologies not any CEY shares as I have only be watching here as the market is overpriced. AIMHO of course
Thanks for your informative post.
Very not interesting.
:-)
Bond
May not be of interest to you but having made good money from the last 3 market crashes in the past I see a similar’smell’ about the current market valuation. Only difference now is the emergence of the ‘Bitcoin currency’
I see your previous posts are full of research and informative content.
PM companies now should be outperforming the market but they are not, Why is the billion dollar question.
My view is they will and timing is everything. In fact PMP will do better in this cycle than the last 4 market corrections.
Just trying to draw out some thoughts of experienced investors who are not just here to play a few chips at the Casino table.
Good luck tomorrow, especially the LTH’s
Hi Tibbs,
Good to see you are still holding firm to your views of the World as I always get some merit from what you say even if mainly contrary to my views as to how to achieve better for our fellow human beings.
Lizzie and I have held premium bonds for at least 15 +years and the return is many percentages less than the return from Centamin and other shares we have held for a long time. Impatience (as a previous poster accurately posted )is not wise unless you can balance greed with fear , and not many can. Pro's excepted. Good to see the board maintains fine fettle and the depth of knowledge of the mining industry world wide is quite astonishing.
I am not gushing over Martin Hogan as yet but with the EU and the USA considerably exceeding debt levels to GDP and Lagarde saying she will maintain low rates even if in the short term inflation hits above the 2% level then as in the 60's inflation will attain a life of its own which Central Banks will be unable to control and overshoot raising interest rates to counter. I certainly dont wish to repeat those times where printing money was endemic.
Martin Hogan is still on my watch list but first term report would say "goal achieved but look forwrad to future prospects"
Oh well back in the bunker and kind regards to all long termers here.
Bob