Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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The turbo boosters are on now... still no idea on who bought in last night...
Basal 3 can has been kicked down the road until 01/01/23.
Because Cey are debt free the .1 % rise in interest rates will have minimal affect on the stock price, although because gold is traded in US dollars any strength gained in Stirling by the rise will be felt all be it in theory since the rise is so small.
I agree ripe environment LT. Just surprised boe didn't follow fed and wait until new year.
Looks like 80p has become a base for the share price to build on having now visited it on a couple of occasions recently - usually a confirming indicator.....
Here's hoping!
Hi wildtiger,
Thanks for the link!
At the risk of sarcasm from some, others may however find this of interest
With Basel III implementation just weeks away, Andrew Maguire looks ahead to the historic impact of unallocated position limit restrictions on the suppression of the gold and silver price.
The precious metals expert demystifies a turbulent few weeks in the markets and offers his prediction for gold and silver as the year draws to a close, and we head into a post-Basel III 2020.
00:00 Start
04:44 The short term action since the last LFTV update
15:10 What to expect once Basel III comes into force?
20:20 BIS now caught between a rock and a hard place
26:00 What is going to play out for the unallocated gold and silver?
32:10 What to expect from gold and silver moving forward?
35:40 The end of the year approach for silver
https://www.youtube.com/watch?v=Y0l7dNC5lq8
The opinions expressed in this video of Andrew Maguire and any guest, do not purport to reflect the official policy or position of Kinesis.
pretty sure it was expected back in November so fact they did it a month later isnt a surprise.
All I see is ripe environment for gold using history as a guide.
That was unexpected might see a little slump sub 1750 short term. Europe to follow on rates rise then.
The interest rate rise from 0.10 to 0.25 annonced today is actually good for gold.
He explains why here - https://www.youtube.com/watch?v=CTsXYYw_jpM
takeover target at this price as trader007 points out the last bid came in here at 126p but since then resources have increased.
tiny almost meaningless increase in rates today, gold seems to have factored it.
Think this price here at 83p is a steal given divi yield % is nearly 10% here..
Nice one Cowichan,
From a well respected mining analyst,
The previous Centamin management fell behind with waste stripping which ultimately resulted in the pit wall failure.
Current management is now fixing that having appointed a mining contractor for the extra stripping.
The company is going through short term hardship, but will be rewarded in the next few years.
I agree the sentiments on Burkina Faso projects, but am not that positive about Doropo.
At the indicated grade, it is not really a dripping roast. It may well be given the go-ahead, but will not add substantial to company value.
Rather invest in near mine exploration. Turning any discoveries there to account will be much easier and cheaper.
Of course the single asset nature is a draw-back and makes Centamin more risky.
This has however been the case for years and investors will have to weight this against the improving prospects which the market does not seem to have appreciated as yet.
It is down to personal choice call, but in my opinion Centamin now compares well to others.
Share holders know their problems, with others they will still have to find out!
"Watch what they do, not what they say"
Is it top of the market, are tech and other equities massively over valued for no other reason than meme sharing on twitter. Perhaps Elon really is just doing whatever people on twitter say he should do, as protest to regulators and politician's tax proposals
On the Fed`s current course the economy will remain hot hot and inflation will go much higher. Democrats heeding for a beating next November.
It’s hawkish relative to their previous position. Markets respond with their view - which is often different to what is said- we are in uncharted times as this is a recovery from a pretty much stopped and restarted economy - different from previous general cycles. We still have a k shaped recovery.
I apologise for spelling. Sausage fingers.
Quite often it's words and not actions that get a reaction. Point being I did not say Central banks are irrelevant, of course they are not.
Theyf ed cannot reign in inflation as there is no growth the recession would be huge if rates rose to achieve this. Hence my stagflation comment earlier if you understand that.....
There`s nothing hawkish about this Fed. They are still printing. Actions not words is what counts. They say they will stop printing in March next year and interest rates might hit 1 per cent by December. That`s no remedy when inflation is 9 per cent and rising. Expect to see the same in reaction from the BOE today. The RPI hit 7 per cent yesterday.
Robbie if you read what I said, Central Bank words.....
Agrrrh- without typos…
Hawkish fed yet markets rise and so does gold and crypto … I think inflation will defo dip lower next year as believe primary cause has been QE and COVID causing some supply chain issues- as I’ve been saying since April last year - k showed recovery and this remains true now- the markets are not the economy…
Central banks are still relevant as they control the printing presses.
Hawkish fed yet markets rise and so does Rolf and crypto … I think inflation will defo dip lower next year as believe primary cause has been QE and COVID causing some supply chain issues- as I’ve been saying since April last year - k showed recovery and this remains true now- the markets are not eh economy…
Morning Steve, aIll check tonight for the same.
No RNSs so maybe a canny investor,as it wa an Ordinry 2 trades not Automatic.
So far they called it right
The Market defies logic.
Who were those big buyers after the close yesterday ?