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Https://www.msn.com/en-us/news/world/monsoon-reaches-india-s-kerala-after-longest-delay-in-seven-years/ar-AA1chJLh
Late arrival, but this will help support CEY rally from sometime next month.
Goes not goods lol
261k v 235k last week, hence spike
Funny old share this - there was I feeling v pleased with myself to get back in at 97.9...
Just added now 25% in and Centamin overtaking my rare earth holdings. At 33% in, will only have Shanta gold in front of CEY. As it drops I intend to keep buying. Can not predict a bottom but Centamin now pricing gold below $1880 an ounce.
I wonder have far it go down. The CPI coming soon hopefully move it up...
Major European stocks posted slight losses ahead of Thursday's session as investors awaited Eurostat's latest data on the performance of the Eurozone's economy in the first quarter of the year. The expansion was seen at 1.2%, slightly under the preliminary figures.
Meanwhile, markets remained mostly focused on the Federal Reserve's upcoming policy meeting on June 13-14, which isn't expected to bring new rate adjustments.
The DAX lost 0.29% at 7:48 am CET, while the CAC 40 fell by 0.25%.
The Euro Stoxx 50 declined by 0.31%, and the FTSE 100 slipped by 0.08%. Both the euro and the pound added 0.12% against the dollar at 7:55 am CET to sell for 1.07120 and 1.24526, respectively.
Baha Breaking News (BBN) / ND
Gold currently recovering .3% against last night’s close.
Yep and gold has risen since the - so what does this tell you? It tells you exactly what I said…. Inflation and lack of deflation is hitting miners
Centamin anticipated the drop in gold and is still 1.5% below any retreat in the GDX ETF that happened today. Expecting a reasonable probability of 98p holding tomorrow unless gold does much bigger drop overnight.
In May China bought 16 tonnes more.
They already have more bullion than anyone, what does that tell you ?
We just in line with most(not all but most eg barrick, newmont etc) others past month- eg down about 15% past month. Gold down past month and costs still rising as inflation stickier than anticipated and expected deflated cost items not deflating as quickly either
And now gold/silver down... commentary pointed to US growth etc hence drop, but US today was back to hike not stall(that was yesterday lol)... Initial jobless tomorrow but of less importance now, CPI next week key.
Its on its way Tony ,across the Bay of Bengal, looks like umbrella sales will rise ;-)
The suspense is also the monsoon for India and it now delayed until Friday.
We should respond very soon! I see a no. of reasons for this. i.e. China cutting rates, suggestion USA to stall increases, and USA Tech rising causing extra demand for precious metals. Time will tell if the rally holds but looking good so far! Fingers crossed. GLA.
Added into position. About 1/6th in. Not sure of how it plays out, but now have more Centamin than HOC.
We’re not waiting for anything, just doing what is reflected in there economic indicators that drive gold up or down (outside of any expected RNS of course)
Wow really move 99 mark all day, we are waiting for something not sure what....
Major stock exchanges in Europe were mostly higher in Wednesday's premarket trade as investors awaited data on and United Kingdom house prices, as well as comments that European Central Bank officials are expected to make later in the day. Markets assessed the latest German industrial production report.
The DAX increased by 0.06%, London's FTSE 100 lost 0.10%, the CAC 40 was flat and the EURO STOXX 50 advanced 0.08% at 8:01 am CET.
The euro was down 0.07% compared to the dollar at 7:59 am CET, trading at 1.06849. The British pound was 0.06% lower than the American currency, going for 1.24170 at the same time.
Baha Breaking News (BBN) / MS
Happy hump y’al
You wonder when the rot will stop.
If we judge by Wall Street’s reaction to the debt-ceiling crisis, most investors agree with Biden that, for all the noise and theatrics that emanate from Washington, the American political system is still capable of carrying out some basic tasks that require bipartisanship, such as resisting the urge to blow up its golden goose (!!!)—the U.S. bond market. During the past few weeks, as the “X-Date” approached, the markets remained pretty calm, indicating faith that a debt default wasn’t a serious possibility (whoever thought it was??). And, on Friday, following the vote in the Senate, the Dow climbed seven hundred points. (To be sure, a strong payrolls report for May also contributed to this.)
Fitch believes that repeated political standoffs around the debt-limit and last-minute suspensions before the x-date (when the Treasury’s cash position and extraordinary measures are exhausted) lowers confidence in governance on fiscal and debt matters.”
My confindence was lowered a long long time ago, and the thing that amazes me is that there is anyone who has condfidence in a system.
Fitch is essentially arguing that the U.S. political system is suffering from slow rot. As well as pointing to the repeated episodes of brinkmanship over the debt ceiling, the ratings agency cited “increased political polarization and partisanship as witnessed by the contested 2020 election,” and how a “failure to tackle fiscal challenges from growing mandatory spending has led to rising fiscal deficits and debt burden.”
good luck to us all
best
the gnome
According to net share value ,at the moment CEY is 15 p less than true valuation , thanks to traders with whom it is out of favour.
Dosnt bother me too much, they pay even now ,a dividend. When production picks up the the price will go crazy,driven by traders.
Swings and rounabouts.
Many got burnt ,when the open pit wall problem was announced.
And probably had to sell for a loss .
Hence you get vengence posts occasionally.
But you make choices,but best ;well informed choices ,DYOR.
Astro,
It would be naive to think that the Centamin directors could have that amount of influence on the market, if that were the case then the share price wouldn't have been languishing in the bottom of the bargain bucket for three years!, think about it, we are where we are because of the price of the clear up, once that is completed 2024 and if the POG holds then the share price will rise!
Astro no manipulation as Centamin has followed the GDX ETF just about perfectly all month and that contains a lot of other miners. It will be test to see if 98p continues to hold and Centamin edges higher or whether it gives way. We should know in the next 48 hours. I remain flat with a very small position to see where it goes.
This running between 99 to 98 the last few days I wonder if sp has been manipulated by the directors to keep afloat above.
98?
The support line area is quite strong and the descending resistance channel has nearly run out of room. Like a triangle with less space between support and the resistance.