The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Pls job drop
Waiting for US data starting 13:30UK Time.
https://www.marketwatch.com/economy-politics/calendar
Look at the SP today never since that before moving near a straight horizontal line ??????
IS this a major support line or it waiting for the US job data?
Yep, inflation, inflation, inflation.
Centamin will host a virtual investor and analyst presentation and Q&A session on Thursday, 12 October 2023.
The event will start at 14.30 BST (UK time). Martin Horgan, CEO, and Ross Jerrard, CFO, will present the updated life of mine plan for the Company's flagship asset, the Sukari Gold Mine.
EVENT ACCESS
To join the webcast: https://www.lsegissuerservices.com/spark/Centamin/events/e9d8edd6-7536-4e63-810f-a08189c4f89b
Please allow a few minutes to register. A replay of the event and presentation material will be available on the Company's website
Major European indexes traded higher in the premarket on Friday as investors processed the recent comments by European Central Bank officials indicating that the current level of interest rates will have to be maintained for some more time. Additionally, data on British house prices and German factory orders are expected to be released before the opening of the markets.
The DAX gained 0.25% at 7:33 am CET, while the CAC 40 added 0.26%. The FTSE 100 rose by 0.13% and the Eurostoxx 50 increased by 0.29%.
The euro was down 0.10% against the dollar at 7:37 am CET, selling for $1.05387. The pound sterling lost 0.14% to go for $1.21752 at the same time.
Baha Breaking News (BBN) / JJ
*Weak share price is the market and the sector.
Happy Friday y’al
Weekend Dead Ahead, Enjoy!
Tornadotony called it - incomplete data on market screener or just glitchy - whatever the reason this is the website data shown today:
Van Eck Associates Corp.
110,273,580 9.519 % 123 M p
https://www.marketscreener.com/quote/stock/CENTAMIN-PLC-9730915/company/
The Federal Reserve's aggressive "higher-for-longer” monetary policy stance continues to take its toll on gold as prices hold near their lowest levels since March.
While the precious metal has room to fall lower, one bank remains optimistic that despite the near-term weakness, prices can still rally above $2,000 an ounce next year and higher through 2025.
In her latest precious metals commentary, Ewa Manthey, commodities strategist at ING, said that gold prices have fallen more than 11% from their May highs above $2,000 an ounce as the Federal Reserve's hawkish outlook has pushed long-term bond yields to their highest level in 16 years. December gold futures last traded at $1,833.60 an ounce, relatively unchanged on the day.
https://tinyurl.com/5eprrzh7
Exactly the same as last night.
Get used it .
Not far off the 52 week low ,quite concerning
Https://www.usagold.com/daily-gold-market-report/
$250B increase in one day. End of next week we can hit $35 trillion at that rate. Wow USD stays stronger as well. like Alice in wonderland stuff.
Not far off the 52 week low
Daily RSI hit low 19 earlier today but managed to close at 20. The lowest in 13 years I have seen on gold was a daily RSI at 18. I have never seen the daily lower. The weekly RSI has just dropped under 33. I write it on here as not how massively oversold gold is on this day.
Centamin plc, together with its subsidiaries, engages in the exploration, mining, and development of precious metals in Egypt, Burkina Faso, Côte d’Ivoire, Jersey, the United Kingdom, and Australia.
Snowflake Analysis
Flawless balance sheet and fair value.
Rewards
Trading at 60.3% below our estimate of its fair value
Earnings are forecast to grow 13.23% per year
Analysts in good agreement that stock price will rise by 69.7%
Risk Analysis
Unstable dividend track record
Profit margins (9.5%) are lower than last year (17%)
https://simplywall.st/stocks/gb/materials/lse-cey/centamin-shares
The analysts said that central bank demand is on course to see healthy demand for the year.
“This recent buying suggests that we have now firmly moved past the net selling we saw in April and May, which was primarily driven by heavy, non-strategic selling from Turkey,” said Krishan Gopaul, senior analyst at the WGC, in the report. “We are therefore confident that the long-term trend of healthy central bank demand remains in place.”
However, while demand has been robust, Gopaul noted that buying activity has been limited to a small number of central banks. China continues to dominate the market after it bought 29 tonnes of gold in August.
https://tinyurl.com/2h8unwws
Constant slipping. Simply wall st says:
Trading at 60.3% below our estimate of its fair value
Earnings are forecast to grow 13.23% per year
Analysts in good agreement that stock price will rise by 69.7%
so we're ****ed then!
Yes Robina ,seems you could be right.
Though there are many buys of just a few shares , maybe hoping to keep the price steady or hoping to raise it.
Dont worry ,at the current SP ,which is 20 pence less than the figures in the fundamentals which the basic value ,are just the crazy market makers .
Thanks Mr T,
I feel that controlling our population to a sustainable level for this planets resources is the main problem to solve over the next millennia .I hope that we can achieve this by peaceful means. I think that I have done my bit, in that all my children are our foster children. Mind you ,our children have produced 5 grandchildren ! I feel that every child must be a wanted child.
But as a liberal I am happy to listen and consider other points of view.
Hi Nunquam,
It's all well and good for people to claim that they are doing their environmental bit to save our planet by making changes in their lifestyles and habits including buying electric cars without realising that their manufacture and use are the cause of as much possibly more environmental impact and damage as the conventional ones they already have,
Yet people could make a really big contribution to helping to curb the destruction that mankind inflicts on the planet just by not producing so many children without considering the implications and the extra drain on the planets limited natural resources .
Off course in order to achieve this then out of touch politicians have to create a society which is fairer and the wealth in counties the world over rather than being hoarded by the political and other elite's is shared with the masses to provide proper opportunities , education, housing ,health and social care.
There seems to be more buys than sells today. Maybe it's just a blip.
Thursday even! 🙄
Equities in Europe traded higher in the premarket on Thursday in anticipation of the latest update on Germany's trade balance, one of the indicators of the state of the European Union's largest economy.
The DAX went up by 0.33% at 7:32 am CET. At the same time, the FTSE 100 gained 0.34%. The CAC 40 grew by 0.33%. The Eurostoxx 50 increased by 0.44%.
The euro rose by 0.20% against the dollar at 7:35 am CET to sell for $1.05242. A minute later, the pound sterling climbed by 0.21% against the greenback to change hands for $1.21601.
Baha Breaking News (BBN) / JR
Happy Friday y’al
Weekend dead ahead, enjoy!
Japanese investors are also bucking the global trend of exiting gold exchange-traded funds, with bullion-backed ETF holdings continuing to enjoy strong growth since 2020. Japan added $18.3 million to gold-backed ETFs in August, bringing total AUM to $1.8 billion, according to data from the World Gold Council.
https://tinyurl.com/bdzn6tbb
"When Western investors wake up to the growing debt risks in the U.S., we will start to see investment demand for gold pick up," Robertson said. "I think we might be close to that point."
While Robertson remains bullish on gold, he said investors should pay more attention to the precious metals mining sector.
"Gold should always be a core part of your portfolio as an important insurance policy, but the miners right now are attractive financial assets," he said.
Robertson pointed out that gold's lackluster performance has contributed to significant pessimistic sentiment in the mining sector, creating substantial value for investors. He explained that according to some analysts, the mining sector has a discount of more than 72% compared to the broader market index.
"You still have to be selective when it comes to finding the right companies, but there is incredible value and opportunities for investors in the mining sector," he said.
https://tinyurl.com/4jyehnkn