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.
US inflation at a 13yr high. Gold currently knocking on $1800. Following link worth a view. 11m 30 sec very interesting for investors here.
https://www.kitco.com/news/2021-10-13/Inflation-returns-to-13-year-high-stocks-overdue-for-fairly-significant-drawdown-Ted-Oakley.html?sitetype=fullsite
Happy to see the Berenberg target price being reached in the next 6 months. We just need gold to break the $1800 level and settle in the mid $1800's .
We'll see 120s/160p soon enough - the party is just getting started :)
Major stock exchanges in Europe traded higher on Thursday after the European Union proposed arrangements to the United Kingdom with the aim of helping the two sides overcome obstacles concerning the movement of goods to Northern Ireland from the rest of Britain. The proposals made by Brussels yesterday would lead to an 80% reduction in checks for retail goods, 50% less paperwork as well as an "uninterrupted security of supply of medicines," according to the bloc.
The DAX advanced 0.45%, London's FTSE 100 rose by 0.60% and the CAC 40 climbed 0.58% at 7:56 am CET.
The euro was flat compared to the dollar at 7:59 am CET, trading for 1.15892. The British pound was 0.06% higher against the greenback, changing hands for 1.36666 at the same time.
Breaking the News / MS
Will be nice to see it above 100p
Sometime in 2140, all 21 million BTC will have been issued to miners and the network will rely on fees to pay for security. It’s reasonable to ask what happens then, especially as others have noted bitcoin’s fee economy has yet to mature. Thankfully, most people in the bitcoin community have the humility to say that they don’t know.
Thanks. .that on the face of it sounds very promising for gold prices (and in the process CEY share prices) because it appears to leverage itself to the gold price . This is a mixed blessing , because in the absence of any good news stories specific to Cey, the share price could also retreat if the gold price retreats .
What I would like to see is CEY's share price rise, even when the gold price is falling ...I think this would signal a reversal in investors appetite for Centamin shares.
Gold price continuing to hold up
https://goldprice.org/goldprice.org
What happened to transitory inflation?!..
FED MINUTES: SOME OF THESE PARTICIPANTS SAW INFLATION AS LIKELY TO REMAIN ELEVATED IN 2022 WITH RISKS TO THE UPSIDE
FED MINUTES: PARTICIPANTS CITED UPSIDE RISKS THAT INFLATION WOULD CONTINUE FOR LONGER THAN EXPECTED, ESPECIALLY IF LABOR AND OTHER SUPPLY SHORTAGES PROVED MORE PERSISTENT THAN CURRENTLY ANTICIPATED
FED MINUTES: VARIOUS PARTICIPANTS STRESSED THAT ECONOMIC CONDITIONS WERE LIKELY TO JUSTIFY KEEPING THE RATE AT OR NEAR ITS LOWER BOUND OVER THE NEXT COUPLE OF YEARS
Gold looking very good, more ups to come and hoping next week's update will get the sp moving
Gold stocks right now on NYSE :
Barrick Gold +3.30%
Newmont Corporation +3.25%
Kinross Gold +4.72%
Yamaha Gold +4.21%
Agnico Eagle Mines +3.57%
Golds at 1790, hopes to drew 1800 tomorrow and cey push on.
September's inflation numbers showed price pressures accelerating to 5.4% annually, slightly more than the market was expecting. "We are starting to see the market growing nervous about the U.S. consumer. After digesting this report, it shows that the market is now anticipating sooner rate hikes. At the same time, we see the yield curve flattening, and that is good news for gold," OANDA senior market analyst Edward Moya told Kitco News. "Gold is entering a period where risks now outweigh the reopening trade, and we'll see more safe-haven flows into gold. This is a major reversal of trends and very positive for gold."
https://www.kitco.com/news/2021-10-13/-This-is-a-game-changer-for-gold-Shift-in-Fed-s-rate-hike-expectations-take-gold-price-towards-1-800.html
FOMC Minutes: Tapering to start in November or December
http://www.breakingthenews.net/news/details/56528704
TBH. - I’m not bothered what those into crypto think of gold, or shares. To me, crypto is not an asset class, just a tool for gambling. Different mindset required required to speculate in crypto in my opinion. Regardless of whether Bitcoin is 2000 or 200,000, I’m not in and there will be no fomo from me.
https://twitter.com/DonLawson_/status/1448346304455659521
Why the bitcoin faithful have a fit anytime somebody questions bitcoin's status as the world's financial savior I know not.
But I have noticed every bitcoin prophet (like Michael Saylor) has no problem lambasting gold as a worthless pet rock - and by association gold investors as Neanderthals who deserve to lose all their possessions for not 'seeing the light.'
Let's give SteveJones999 some space to post what he likes when he likes, shall we?
Canetoad, always enjoy your interesting posts. Quite agree, who knows where gold will go immediately but, as per my previous post, gold should come good with inflation increasing faster than rates, unless ‘this time it’s different” and bitcoin has replaced it. I don’t think so, so am holding in anticipation but it is a bloody long wait and of course the next financials are a big one for cey-might clobber it or save it
Yes Tornado, a very good read and just why I remain so hugely overweight in miners. The charts and pundits are calling for gold down to $1500 and lower. My view is that large and increasingly negative interest rates have to support gold in the end - reassuring to read an article saying the same, thanx
@SteveJones999: "Lol- tell that to the market cap!"
Exactly. I made a trade in Polkadot (dot) a few days ago; I just took profits. The market cap of DOT IS ~$37B. The 24 h turnover was ~$2.4b, which is more than twice the market cap of CEY.
@Halfpenny: are you getting the idea?
So besides Barrick we have another MAJOR now drilling for gold in Egypt through the back door so to speak.
"Mark Cutifani, AngloGold Ashanti’s Chief Executive Officer said he was pleased to enter into this alliance with a well respected and prominent UAE based company [ Thani Dubai Mining Ltd ] with extensive business knowledge and relationships in the region.
Project acquisitions and exploration programmes will be equally funded by AngloGold Ashanti and Thani, up to and including the completion of the project prefeasibility study. Under the terms of the agreement AngloGold would develop, manage and operate any subsequent mining operations."
------------------------------->>>
My Thoughts:
Smart planning on Capital's part - all those haul trucks in Egypt ready to be employed...
Also, we should start seeing exploration drill results pour in from all over Egypt soon!
- commenced exploration drilling for Allied Gold Corp, Egypt
- an exploration contract with Thani Dubai Mining at its Anbat project in Egypt, due to commence in Q4
@Viable: "Seems to be a change in sentiment at last."
I hold lots of gold miners and have been trying to tell myself that the sentiment has changed since a couple of weeks ago. I don't completely trust it yet though as gold can burn badly if you get the timing wrong - that's unless you want to hold gold miners for 5+ years that is.
Here's hoping that it's finally turned.
Me too CaneToad- it's called diversification :-).
@Moon: "CEY under 100 is still a steal imo"
It's totally dependent on the gold price. If gold soars - yes. If gold tanks, no.
Do you have a crystal ball?
Lol- tell that to the market cap!
@halfpenny: what is your purpose of posting that?
I have significant holdings in both gold miners and BTC / BTC miners.
What if the gold price halved tommorrow? How much would CEY drop by and could they even stay in business? What holds it up apart from sentiment?
FYI. I have quite a large holding in CEY, but I am not so naive to think that gold is some holy metal whose price has to always increase.
£200 for II on referral program