Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I think Tornadotony based his opinion on only Tech Analysis of "support lines". They are just indicators and are what buy and selling peak intensities were at some price-points. And these price-points are usually, because of their intense trading volumes, probably the MMs and funds at play. Sometimes, no relation to real economic going-ons in the company itself and more to do with profit-taking (artificially set) objectives by the larger traders
Interesting to see the steady acquisition of gold by the Central Banks.https://www.gold.org/goldhub/data/gold-reserves-by-country
About 77.6 tonnes bought by the C Banks and about 4.43 tonnes sold....
Interesting talk on deFi, which is going to come in regardless of the stupidity shown by the Pollies and the Bankers, Just makes far too much sense, and far more advantages than disadvantages
https://www.youtube.com/watch?v=WiNHpD0rRn8
Thought it was 87p in 9days Tony?
Yes, well the big move inthe US is the privitisation of water! an amazing feat of nonsense. The next move will be the privatisation of the air we breath LOL.
Our govt in Australia is so ridiculous, it beggars belief. The previous Prime Minister has just been outed as having helped himself to being a "shadow" minister of several portfolios during the pandemic, without telling the Minister holding the portfolios!?! Really making Yes Minister seem a bit pale.
"An apologetic Scott Morrison (previous PM) has conceded his secret acquisition of five ministerial portfolios was “unnecessary” (?!!) as he faced calls from colleagues for his resignation, and the Albanese government threatened an inquiry to hold to account all who knew of the scandal.
Former treasurer 9THE TREASURER LOL?!!)Josh Frydenberg was understood to be livid after only learning on Tuesday (last week!!??) that his portfolio was one of the five that Mr Morrison secretly assumed."
Q: WHATEVER WAS THE PRIME MINISTER THINKING OF?
A: HE WAS INCAPABLE OF THINKING?
We dont need comedy on the tube, as we have an overdose in our Parliaments ... and when they exhaust themselves, they go into the sunset on a pension and get a job working for the corporates as lobbyists.
the gnome
Currently stuck in no mans land in between.
Resistance now at 94.5p. We have 3 other resistance lines between 95 and 96.5p which is hard to get through.
Support at 92.5p, 91.7p and 90.5p. 87-88p area offers 3 more support lines based upon FIBs.
Hi Mr Gnome,
Just as is happening now in the UK, where the energy, communications, postal services, public transport, NHS, social care, housing , oil, gas and and everything else that the were once owned by the public but were sold back to them by the Tories on the premise that it cost the public purse less and bring about more new companies which would offer more choice at lower prices, but now these minnows have all been gobbled up by the paratactical and gargantuan corporates who can hedge on the futures market and are now using their monopoly of the essential services to profiteer at the expense of consumers and the public purse whilst the supposed regulators are powerless and show themselves to be just toothless quangos on the side of big money!
There needs to renationalisation of all public utilities and services the world over as and only then can governments act during times like these in the best interests of their people,big business and the markets are in the main corrupt and can never be trusted!
1 Hr chart silver support line just gone and gold just hanging on by a $1 when it was $1789. Await to see if shorts open up with new positions on the metals. Centamin to follow gold.
Major European stock market indexes traded higher in the premarket session on Tuesday ahead of data reports. Eurozone’s trade balance, alongside economic sentiment in the euro area and Germany, are scheduled to be released after the opening bell.
In other news, the conflict around the Zaporizhzhia nuclear power plant continues to raise worries, as Russian officials cautioned that an International Atomic Energy Agency (IAEA) visit to the site would be dangerous as Ukrainian troops are "ready to commit any provocation."
The DAX advanced 0.17% at 7:32 am CET, while the CAC 40 increased 0.28% simultaneously. The FTSE 100 rose 0.25% at the same time. Both the euro and the pound traded flat against the dollar at 7:36 am CET, selling for 1.01615 and 1.20500 respectively.
Baha Breaking News (BBN) / AY
Tuesday dudes, smile!
Nice one Goldgnome ,You understand the reallity.
;-)
MAJOR REVELATION: Oil Prices Drop on Worries About China Demand. And China demand is down as the savants have predcited, say what. LOL
NEXT: The FTC, under Chairwoman Lina Khan, is questioning mergers that were likely to have gone unchallenged in years past, drawing complaints from dealmakers who say the agency’s scrutiny is excessive. SCRUTINY. when? LOL
Really the US model is corrupt and bankrupt. Don't get caught when the music stops. And it will. Only so uch hot air one can blow.
the Gnome.
Gold $1772-1770 Futures per ounce. Centamin 87p. Interesting to see if I am right in 10 days time.
Thank you Tony,
Let's hope he is right!
Last week's trading saw Gold forming its bottom in Monday's session, here doing so at the 1786.90 figure. From there, a sharp rally was seen into mid-week, with the metal running up to a Wednesday high of 1824.60 - before backing slightly off the same into the weekly close.
https://www.gold-eagle.com/article/gold-forecast-gold-short-term-dip-then-higher
What's wrong with the H1 RNS,how is profit after tax down 26 percent to 85 m but EPS up 42 percent. FY21 profit was 102m, for H122 profit to be down 26 percent that would make H121 profit 115m. Did Centamin actually make 49 m H122 profit but they've added the 36m asset for sale in current assets to H122 profit. They say negative cash flow of 25m but in fact looks like 83m, are they deducting 57m from that figure under dividend paid to owner of parent but shouldn't this instead be called distribution of profit share payment to the companys partner as they do say that the FCF 25m is after distribution to the companys partner.
A break of 1797 suggests the top is in for gold on this rally. The next rally is start of September on Curry's charts and we have a two week retreat. I think he has got this right. Centamin give back up some gains and get off all the overbought signals and build up power for another rally. Expecting a much higher low in the chart to form and to note 95p as very strong resistance area.
Excellent. Thank you
European stock exchanges were lower before the open on Monday as investors monitored the situation at the Zaporozhye Nuclear Power Plant as a possible escalation of the conflict in eastern Europe could have consequences throughout the continent. Elsewhere, German Finance Minister Christian Lindner said during the weekend he would oppose excessive corporate profit tax.
The DAX decreased by 0.23%, London's FTSE 100 declined 0.13% and the CAC 40 lost 0.27% at 8:01 am CET.
The euro was 0.16% lower than the dollar at 8:00 am CET, trading at 1.02424. The British pound was down 0.22% compared to the American currency, going for 1.21080 a minute later.
Baha Breaking News (BBN) / MS
Happy Monday y’al
An old 2014 list of shares which are free of stamp duty (SDRT) upon purchase. Needs the sanctioned shares removing.
3IN, 3LEG, 888, ABL, ACHL, ACHP, ADMF, AEY, AFF, AGR, AGOL, AGTA, AJG, ALAI, APEF,
AUE, AZEM, BBTS, BCAP, BEZ, BGL, BHCG, BHGG, BHMG, BKY, BLZ, BMZ, BNC, BNK, BPC,
BPTY, BRDG, BSRT, BVC, BZM, CAPD, CAZA, CCE, CCVU, CED2, CEO, CEY, CFU, CGL, CHAR,
CIU, CMCL, COLT, COOL, CQS, CRND, CTI, CZA, DAB, DCI, DQE, DREF, EDG, EMED, EROS,
ESG, ETO, EXI, EXPN, FCPT, FCR, FTE, GBP, GCL, GCP, GENL, GLEN, GPM, GPMS, GSS,
HDIV, HDY, HFEL, HGG, HOIL, HRCO, HSX, IAE, IAG, IERE, IFL, INF, JLIF, JPRL, JZCP, KEFI, KENZ, KGI, KLG, KSK, LAM, LRE, LRL, MARL, MATD, MAX, MIRL, MML, MNC, MXF,
NBPO, NCE, NCYF, NEW, NRR, NVTA, NYO, OBT, OEX, OMI, OSU, PDL, PFC, PHNX, PLAZ,
PMHL, POL, POLY, PTEC, PTMN, RGU, RIA, RMP, RRL, RRS, RSL, RUS, SAC, SAND, SGZ,
SHFT, SHG, SHP, SIGG, TALV, TOM, TPET, TPL, TPOG, TREE, TRS, UBM, UCP, UKCM, WOS,
WPP, XEL, XPP, YAU
Ok cheers.
So is there a way of finding a list of dual listed companies on the FTSE 350?
Thank you Cowichan,
More of Marin Horgan's plan!
Well done to all the staff at the Egyptian workshop!!!
Thank you Cowichan
Fantastic work by this Mantrac team!!!
Hi Leeds,
Centamin is a duel listed company on the London Stock Exchange (LSE: CEY) and the Toronto Stock Exchange (TSX: CEE).
From a regulatory and reporting standpoint, the Company is qualified as a “ Designated Foreign Issuer” in Canada, within the meaning of the National Instrument 71-102.
So because of the dual listing the shares are exempt from UK stamp duty.
If completing a HMRC tax return the page below should be used
https://www.gov.uk/government/publications/self-assessment-foreign-sa106
https://www.wfw.com/articles/benefits-of-dual-listing-in-the-uk-2021-update/
https://www.londonstockexchange.com/trade/stamp-duty-exemption
https://www.gov.uk/guidance/stamp-duty-reliefs-and-exemptions-on-paper-shares
*CFD trading is also exempt of UK stamp duty, however that said 70% of ordinary individuals individuals lose money on CFD trading!!!!
Quick question. We don't pay stamp duty when buying CEY as it's incorporated in Jersey (have I got that terminology right?). Is there a simple way I can find a list of other FTSE 350 companies registered in Jersey, or indeed anywhere else that means no stamp duty?
Cheers.
done by the team at Mantrac Egypt:
We did it less than 12 hours
The beast will hit the rocks again.
https://www.linkedin.com/posts/moataz-bellah-abd-el-galeel-998b0b203_we-did-it-less-than-12-hours-the-beast-will-activity-6964268883255943168-9VWO
----------------------------->>>
That's impressive
Here from Sukari Gold Mines, The Largest and The Best Workshop in Africa,What a Great Achievement we did. The New National Made Light Trays Dump Truck CAT 785 Fleet. We are So Proud of that and From Success to Success In shaa Allah
https://www.linkedin.com/posts/eng-mahmoud-elshaer_here-from-sukari-gold-mines-the-largest-activity-6964244478849110016--zd4?
-------------------------->>>
Just in time to welcome Minister Tarek El Molla at the ribbon cutting
Some of those I am in touch with me will recall how prior to the last general election after an appeal on Silver Doctors for information from Jeremy Lefroy MP on behalf of his constituents regarding silver price manipulation I introduced Andrew Maguire to Jeremy Lefroy MP and after months of work this led to a parliamentary debate and a meeting between Jeremy Lefroy MP and representatives including the deputy governor of the BOE.
https://www.ukpol.co.uk/jeremy-lefroy-2019-speech-on-precious-metal-markets/
These events and meeting between Andrew Maguire , Jeremy Lefroy , BOE representatives were actually instrumental in helping to scupper the LBMA attempt to be exempted from Basel 3, all they obtained was a 12 month delay due to the pandemic
In this week’s Live from the Vault, Andrew Maguire exposes the race major world banks are in to discreetly exit decades of accrued, loaned-out short bets against gold and silver, as Basel III reforms bring the precious metals market closer to an inflection point.
With the recent JP Morgan spoofing scandal adding empirical weight to Andrew’s insider reports, the London whistleblower drills even deeper into the industrial scale of market manipulation across elitist players.
Ep 86: Live From The Vault - The BIS, the Bullion Banks & the Basel III Price Reset!
https://www.youtube.com/watch?v=Th0LcEfgpwY