Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Steve
I wish it was that easy as everybody has different theories on inflation,dollar
Interest rates etc,the dollar went down on Friday so i presumed that helped,but if rates rises with inflation so does the dollar,so why does this help gold
So i am none the wiser
Hi Cowichan,
Thank you as always for all the effort you put in on providing information that is very informative.
It’s more complex than that- a quick google will reveal the answers you are looking for
https://youtu.be/nJ2umglai24
Informative chat with the veteran financier Rick Rule - have a good weekend all !
Gold flying this evening
This week, Andrew Maguire explores the unique conditions that have seen refiners buying back COMEX physical silver for the first time in the history of the Futures market.
With his usual surgical analysis of the markets, the precious metals expert timelines the events that have helped form the perfect base for gold and silver to rally.
https://www.youtube.com/watch?v=WN109AKxiA4
For those that like to moan for whatever reason please read the disclaimer below
The opinions expressed in this video of Andrew Maguire and any guest, do not purport to reflect the official policy or position of Kinesis.
Labor is American piegeon English!
So if you want to be padanatic, then although Labor day is on the same date, but the assoiated bank holiday or time off has been moved to the prevous Monday, seesm like manipultation to suit an agaenda to me!
Powell dont appear to be very concerned about inflation and it could be quite sometime before interest rates rise,so why is gold rising,i was under the impression that inflation was good for gold
Prices of precious metals increased on Friday as the investors digested the remarks made by United States Federal Reserve Chair Jerome Powell.
Powel conveyed that the coronavirus' Delta variant impacted the central bank's position on asset purchases, but hinted that tapering could be in the cards in the case the economy grows as "broadly as anticipated."
Gold went up by 0.87% to sell for $1,807.36 per ounce at 11:01 am ET, while silver gained 1.67% to $23.94 a minute later. Platinum soared 2.53% to $1,007.17 an ounce at 11:03 am ET, with palladium concurrently up by 1.51% to $2,428.99 per ounce.
Breaking the News / BU
Yep Mr T, hence my earlier post.
Sector issue.
Off to the races again..
FTSE 250 up 17% since beginning of the year and 35% from this time last year. Ever think we're flogging a dead horse?
Mixed from Powell- since start of year, gold down ~5%, CEY down ~27%, POLY down ~19%, SRB down ~36%, FRES down ~32%, HOCHS down ~32% (note that's excl. any divis paid).
The worm needs to turn. FTSE 250 up 35% this past year whilst cey down 50% ..
Doubtless many are listening to Powell as I type...
Labor Day is first Monday in September as per usual. Last year (2020) if was September 7th. No manipulation though speeling leves something to bee deesired!
is squirming.
So being able to manipulate the markets is not enough, they even manipulate the national bank holidays to suit the US agenda!
Hi Cowichan,
It's not you that has any need of setting straight, it's the others!
Shanta Gold Ltd - East Africa-focused gold producer - Revenue in six months to June 30 falls 21% to USD57.8 million from USD73.0 million a year earlier. Pretax profit falls 44% to USD8.6 million from USD15.3 million. First-half gold output down to 28,842 ounces from 42,383 ounces. Reiterates guidance of output between 60,000 ounces and 65,000 ounces. Proposes 0.1 pence per share interim dividend.
Current stock price: 13.14p
Year-to-date change: down 23%
By Eric Cunha; ericcunha@alliancenews.com
Interesting the US markets are closed next Monday not this coming Monday.
https://www.nyse.com/markets/hours-calendars
European stocks were flat to higher in premarket trading on Friday as investors focused on the US Federal Reserve's Jackson Hole symposium where Fed Chair Jerome Powell is set to speak later in the day.
The FTSE 100 added 0.13% at 7:59 am CET, the DAX lost 0.04% at the same time and the CAC 40 increased 0.13% at 8:00 am CET.
The euro was up 0.08% against the dollar to go for 1.17621 at 7:58 am CET, while the pound stood flat compared to the US currency, selling for 1.36997 at the same time.
Breaking the News / NP
Happy Friday y’al
Have a good weekend.
Thanks Tibbs ! Goodness knows I've had my moments of despair and vice - but thankfully all the good company and reasonable discussions on this forum are here to set me straight.
Hi Cowichan,
Any of your criticism of Centamin and has always been fair,justifiable and based not on market like knee jerk reaction, but over time and on your continued thorough and wide ranging research on the available facts, having said that you have always tempered any criticism with the recognition of the true unexploited and fantastic potential Centamin has to offer the investor in the future given the right management.
As you are aware many of us long term investors also share your justified frustrations and have expressed them in the past, that said like you we also recognise that the ethos of the company is right and deserves to be commended!
As you,Mr Gnome and other well informed and knowledgable share holders have always pointed out although in the performance some of the management in the past certainly hasn't shone to say the least, the core of Centamin is certainly golden and yet to be revealed, hopefully by Martin Horgan and his new team!
September 13th 10:00 AM Centamin plc Presenter: Martin Horgan , CEO (Live virtual presentation )
also says questions can be submitted to Centamin plc from Sep 12
https://www.goldforumamericas.com/program-agenda-gold-forum-americas/