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Who knows, but impact already in as date is old. Gold movements were based on US Data most recently.
Has anyone else seen this and is it good or bad for gold in the future
https://www.reuters.com/business/exclusive-banks-prepare-scrap-lme-gold-silver-contracts-sources-say-2021-10-13/
Mr T, together I think we can predict the direction of Cey correctly way more than 50% of the time. Although I know that predicting this, and the reason for it, annoys some people here in my view the healthy debate helps one take a view far better than the analysts who move in herds. Overall Those continuing to predict falls after the wall, compounded by once gold turned, have been correct in the downward trajectory over the last year. As to selling unfortunately I suffer from anchoring so unlike those who sold this week I will hold as I don’t believe it makes money to try to time the market, and eventually Cey should improve, and so should the gold price, and I could be quite wrong and sooner than the another couple of year that I think. Have a lovely weekend, you seem a decent if opinionated (not necessarily bad) man, and of course decency and opinions make this board go round.
Sadly the sambalism we see in Oz pops up elsehwere. Now the judiciary in the USA!
Mary Geiger Lewis acquired Walmart Inc. stock. Charles Norgle Sr. reported nearly a dozen buys and sells of Pfizer Inc. shares. Charles Siragusa had two accounts that bought Medtronic PLC stock.
None of that would be a problem, except for this: All are federal judges, and at the time of the trades, all were hearing cases involving those companies.
The Wall Street Journal discovered this trading in a broad investigation that identified 131 federal judges who heard hundreds of cases between 2010 and 2018 involving companies in which they or a family member owned stock—in violation of federal law and judicial-ethics rules.
Judges Lewis, Norgle and Siragusa were among 61 judges who didn’t just own stocks of companies that were litigants in their courtrooms. Accounts held by the judges or their families traded shares as suits were progressing, the Journal’s investigation found. Nearly half of the judges reported more than one trade while a case was in progress.
Ever thought of working for Liberum?
Possibly you should sell out Sotolo, at least you would be able to stop depressing yourself worrying about things that might or might not be and that you or anyone else can ever predict with any accuracy!
As always, great post Mr Gnome.
The stupditity that passes for politics in Australia has now lept to dizzying heights. At keast its now hilarious, and there is some value in keeping the population in humour? (feed them bread, wine and a circus or 2)
The PM has announced he is opening Australia borders to the rest of the world, but did not talk to the state premiers. The new NSW Premier Dominic Perrottet returned the favour by announcing his government would be removing both quarantine requirements and caps on overseas arrivals from November 1.
Perrottet didn’t mention it to any of the other states either of course, leaving the country in an apparently ludicrous shambles of restrictions: as many people have pointed out, of being able to travel from Sydney to Paris, but not Brisbane, Perth, Tasmania, the Northern Territory or even Canberra.
The State Premier for Victoria who a few months ago locked down (and crippled the economy) the state of Victoria for have a few covid infections (and won the gold medal for the most lockdown days in the world!), is now opening the state up, when they passed over 2,000 infections and more than 5 deaths per day.
These are the people who design and define our economy, and have been busy patting each on the back for their economic management which would have been a joke if it was not for China's insatiable appetitte for red dirt with iron (which all we have to do is blow it up [hopefully avoiding caves and indgenous scared sites?), shovel into a truck, onto a train to the port and cheque is in the mail)..and it certainly is a joke for all of the new generation/s who will have to pay off the bucket loads of debt for the next 40 years.
Now we have insulted the French, got the Chinese government offside, by paying billions of dollars to put a nuclear submarine to patrol each 8,000 kms of coast line, to defend out country. (8 subs 34, 000 of coast line) The pity is the war is all but over, as the country's main assets are already in the hands of foreigners of all flavours.
And the thinking person is left to work out how much the fiat dollar will buy in the future?
Answer: A lot less than what it buys now.
havagoodweekend, and dont take everything you read too seriously, espcially it is appears courtesy of the main stream mess, sorry I meant press!
Inflation is all around us...and its a good ploy to have exposure to gold or a gold miner with no debt, no royalties, good managment, 10 year plus reserves ... and exploration upside
the gnome
.@B2GoldCorp last senior with a clean balance sheet - how long can they maintain #gold output without significant new growth, merger or partnership/co-production? @CentaminPlc
seniors
https://twitter.com/DonLawson_/status/1449083140102770689
intermediates
https://twitter.com/DonLawson_/status/1449085928622809095
Hi Steve,
Nothing unusual for a Friday afternoon in Centamin!
I remain very optimistic about next weeks update and results!
Always rely on Sotolo to cheer everyone up... remember what was in the Capital RNS...
Tracked POG exactly, who cares really?
Sold yesterday for a weeprofit after sat on 95p buys for weeks . Just feel there’s better opps out there.
Hope gold gets back above 1800 and lths make some cash.
cheers. so far so good. I moved the money to IAG which is doing ok so far of the back of the news on the US starting to accept flights in November.
GLA
I Don’t think you have made a mistake Mando, and sadly think you will appear prescient; I hope of course you are proved wrong , tho unlikely. I wish I was as brave and wise but would mean taking a large loss. Gold has failed to hold 1800 again so tumbling and agree testing $1680 again is on the cards, plus remember we have some horrible figures coming out in the annual financials next quarter. The only thing that keeps me going is falling real interest rates, and that bitcoin which has taken advantage of them to become the new haven, collapses leaving us, but when….
I just sold at 99.40 with a minimal profit.
Probably a mistake. I often sell at the bottom and this is probably one of those times. Gut feel is often wrong. But I don't like the look of the gold trend at the moment.
No doubt this will age very poorly, probably within the next 5 minutes, but looking at the weekly charts on gold and silver and the relative general good sentiment in the markets and strong business performances being reported at the moment, I can see gold continuing to decline down to maybe 1725 or even 1685 in the next couple of weeks. Like I said, I'll probably be very embarrassed about this post very soon, and will probably re-buy back in at a loss later.
GLA
Always stinks for Gold
Was really hoping we’d finish the week above 100p!
This is amusing in some ways, the underground operations have been in production for 7+ years!
However, the threat of a takeover is never far away from talk when it comes to Centamin!
Hoping for positive Q3 production report on Tuesday next week - there will be a group call at 8.30am.
If you’re of a nervous disposition, and care about SP, dump before the RNS- sometimes you can miss out on a quick jump on opening, but sometimes can get in the rise and further rise- if a miss- the whack happens- it’s all depends as always on your own position and view of risk
Hopefully some good news Mr T. However , I think that Martin Horgan will play things pretty cagily and if we have exceeded the production figures by a fair amount, will keep some back so they can show some real progress for the next production quarter. Im not too bothered about the share price at the moment, but hope it doesnt go down. So long as we are making a good profit and getting a good/ really good or great dividend then that would do for me, as I have been reinvesting the dividends. At some point I will start to take the cash.
Hi Candid,
I appreciate it's frustrating for us all, but Pardey was out of his depth and thought he could buy time with spoof until things came good, unfortunately we are now being punished for his failings!
Still hoping for a good Q3!
Thanks Mr T. You have valid points there. It will be interesting to see 3rd quarter production figures next week and see how the market reacts .
Hi Candid,
It's due to Andrew Pardey's spoof and unreliability of guidance forecasts in the past the market now wants proof that the management can be rlied upon to deliver on their predictions and claims.
Martiiin Horgan is well aware that that possibly his biggest challenge is the restoration of market confidence and that will only be achieved by delivering guidance and not lame excuses!
Major European stocks registered gains during Friday's premarket trading ahead of a key meeting between British and European Union officials on the issue of Northern Ireland.
Later today, United Kingdom's Brexit negotiator David Frost will meet Commissioner Maros Sefcovic to further discuss Brussels' new proposal on goods checks entering Northern Ireland from Britain. The two officials will likely talk about the role of the European Court of Justice.
The FTSE 100 gained 0.16%, while the DAX increased by 0.35% at 7:27 am CET. The CAC 40 advanced 0.35% at the same time. A minute later, the euro rose 0.09% against the dollar to sell for 1.16080, while the pound inched up 0.11% to 1.36874.
Breaking the News / ND
Happy Friday y’al
It is a concern of mine, that a gold price of $1800 has only translated into a £1.02 share price.
How high does gold have to be, to bring about a re-rating of the share price.