Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Tibbs to be honest the people that count as far as I am concerned are the people who get up each morning and go to work at the mine or the exploration project.
If I ever needed to know what was going on it was of paramount importance to visit the site(s) and listen to what was happening currently and planned for the future from the Mine manager and his team.
Visits to head offices were also important but the majors would normally refer me to the site personnel or we would be more current than the guys in head office anyway.
As far as Centamin is concerned it is top heavy with non exec directors so suggest it is less important to visit head office as there won't be anyone there, so guys on site are the important drivers of the business.
The Philly data was dreadful and the rate rises have only just got started. The central banks are in a hopeless mess. If they keep raising rates economies will blow up. If they let inflation run and do not put up rates the economies will blow up. The only thing that can solve this is agreeing for the war to end in Ukraine with some face saving retreat from Russia with an agreed meaningful treaty to ensure it does not happen again is the only way out but that is the hands of politicians who do not want peace.
I hope we see green day today. Gold is the winner. If you show me 75p I will buy 20000 more but it’s not going to happen
Weak economic data is having some impact on the gold market as prices push to session highs following disappointing manufacturing data from the Philadelphia Federal Reserve.
Thursday, the regional central bank said its manufacturing business outlook fell to a reading of 2.6 in May, down sharply from April’s reading of 17.6. The data missed expectations as consensus forecasts were calling for drop to around 14.9.
The decline in the Philly Fed Survey comes after the New York Federal Reserve said its manufacturing sector contracted in May, falling to -11.6.
The disappointing data has added to gold's bullish technical momentum and is helping to push gold price to a critical resistance point. June gold futures last traded at $1,837.10 an ounce, up more than 1% on the day.
I have bought a few more today.
It would be good to see a few more director buys.
first signs of recession in the US causing the "hawkish fed" a real problem now..
Gold is looking strong. It nearly just broke above $1840.
About to fly
Nice to see SP holding up well
Well it's held above it's 5 yr low on ex-div day and a really ugly market. PMs holding up well. So far so good.
Wildtiger. IMO it wasn't sellers taking the price below 80. CEY went ex-div by over 4% today.
With so many companies on such an impact, buying today would be hugely risky.
POLY went ex-div with a 5% impact last year and ended up +ve on the day. Gold is going up again $1929, so fingers crossed we'll be back up to the late 80's pronto, which would be great.
5,676 tons of gold from other central and commercial banks is deposited with the Bank of England, it is one of the largest resources in the world. According to Bloomberg, all indications are that they want to sell some of their resources. It is to be offered with an unusually large discount.
Great Opportunity to add...can see this creeping up to 90 by next week...
brave of you Wild Tiger, however in a bear market it is tough to make money trading by buying and then selling, easier by selling then buying when it mostly falls, but most brokers do not offer this
I added a ton just below 80p, thank you sellers. Have been swing trading this for almost 2 years, it's turned out to be one of my most profitable ones this year so far
Day is not over yet 80.5p not bad tbh. Over 82p finish today
fresnillo green so far today
I can live with that.
Fingers crossed we've seen the worse.
Good Morning CEY 79,86
-3,60
(-4,35%)
Sotolo.. that headline is just click bait. Gareth soloway for example on there sees the opposite ( i agree with him btw). Its a place you bets and ride the tiger time this year for sure thou. GL
“Based upon trading volume” …. Looks like a crude guess to me. Professional shorts hold for months.
Depends if kitco headline is right today about gold to hit $900 by 2024, and against rip roaring inflation. At that price we would be losing over £100m a year so would be worth a few pence and then nothing. The truth is that although most pundits think the gold bear market will continue no one actually knows and luckily they are often wrong.
A green day today would be wildly optimistic !!
I would have expected a rise towards Ex-Dividend today, so to see the drop off end of yesterday by 3p (almost the dividend itself) was very disappointing.
If the SP stays in the 80s today, it will be excellent, but normally there's a drop off, not to mention the attacks on gold and gold shares.
Another great article for CEY even if its the otc adr shares
https://www.etfdailynews.com/2022/05/18/centamin-plc-otcmktsceltf-short-interest-down-14-4-in-april/
Major European stock markets recorded losses during Thursday's premarket trading as the negative sentiment which prompted Wall Street's sell-off yesterday continued to spread.
Concerns among investors rose with soaring inflation across the European Union and upcoming interest rate hikes by central banks. Meanwhile, there were no hints of new peace negotiations between Russia and Ukraine.
The FTSE 100 lost 0.58% at 7:06 am CET, while the DAX declined 0.66% and the CAC 40 lost 0.68%. The euro expanded by 0.36% against the dollar to sell for 1.05010, while the pound rebounded 0.40% to $1.23903.
Baha Breaking News (BBN) / ND
Happy XD day y’al