Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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Lots of experts are still very bearish on gold and keep saying that stocks are bubbly. This is music to my ears.
Now, Centamin, you just listen to me: 3pm today = Centamin share price 124p = Tunnocks tea cake for me.
Now gold and Centamin, you ARE supposed to blow the bl#@dy doors off! Do it!
Back to work.
Major European stock market indexes were higher in the premarket on Tuesday as the traders awaited the latest data reports on the trade balance, employment, and the gross domestic product (GDP) in the euro area.
Backing the sentiment, United States president Joe Biden confirmed the day before that Washington intends to start shipping COVID-19 vaccines in order to help countries worldwide tackle the pandemic.
The DAX rose by 0.63% at 8:00 am CET, while the CAC 40 concurrently gained 0.38%. At the same time, in London, the FTSE 100 moved up by 0.79%. The euro increased 0.12% compared to the dollar, selling for 1.21671 at 7:59 am CET, while the pound advanced 0.25% versus the greenback to go for 1.41658 at the same time.
Breaking the News / BU
Cryptos are a bit like the Junior Exploration space. Some have little interest in discovering anything, minute capacity to discover anything, just bank the fees and enjoy the lunches and perhaps they will get lucky some day somewhere...
some cryptos are well intentioned and constructed, ..etc...will survive, and hopefully the middlemen influence (banks of various flavors) will be reduced ...others will just burn out when the music stops
As I type:
ASI +0.74%, HSI +1.21%, NKY +2.28%
Gold USD1871
Futures: FTSE +0.75%, DOW +0.31%, S&P +0.29%, Nasdaq +0.52%
Crypto’s are here to stay whether we like them or not. As a method of payment, their usage will only grow- about time the banks had something to worry about, although they are now crawling all over them.
The gamesmanship in the crypto space, makes the Dutch tulip saga of years gone by, look a well managed affair.
Down in the bowels of the crypto world where sh.tcoins exist, there’s a Wild West feel that is frightening (if not energizing for most). It’s hard not to believe that many of these coins are being created very quickly, with no purpose other than pushing their price up so the first few in the door make money. Lets not mention the non alignment of the value of a "coin" versus the values in society.
But the comparison isn’t quite right. Yes, the last investors to buy these sh.tcoins will be the ultimate losers when the music stops – just like in a Ponzi scheme. And it will stop! But where Ponzi scheme promoters tend to keep this fact a secret, the sh.tcoin phenomenon seems based on getting in, pumping the price and then getting out.
...everyone knows it’s a Ponzi scheme – and is prepared to invest anyway because the big potential returns on offer make it worth it... skill for investors is picking the crypto coin that’s going to get hot and then jumping to the next one at the right time...what a game to play and get the adrenalin pumping.
...plenty of players willing to chase big wins, and even influencers promoting what they are betting on. No conflict there of course?
What's going to happen when the house of cards collapses, where will the money go. My bet is a good portion will find gold or more worthwhile pursuit
best
the gnome
Anybody got any insights into the nose dive of the CEY SP at the end of the day, possibly last trade of the day.
Could be some novice, or something else?
Made me think for a minute of a person who consistently put the last days trade through such that the SP of company X
was always up on the day. So he established "solid upward momentum". Problems was it was v obvious. Quick check on ownership of the trades in question. Then into the courts and off he went for a little spell in jail.
Sure that is probably not happening on the good ol' LSE, but the last trade did look an oddity against the momentum of the day, and the POG
best
the gnome
Of a morning even! Lol!
Of an evening...
Thank you, when it comes down to it I think we are all a pretty decent bunch just trying to do our best; with Cey we may be….a golden cross is when a short term moving average crosses and moves above a long term one. Centamin’s 50 day is 108, its 200 day is not far above at 114 so could be quite soon, gold rather longer, but Cey is certainly perking up and will continue if gold rise is for real; but who knows on that.
Sotolo
Excuse my ignorance. What is a golden cross? I presume its a chart shape, and what is the significance?
Hope you're well. I liked your post re Tibbs. Class from you.
Stay safe stay well
DaggerMal
Check out the goldies on the move today...
Precious Metals Price Change
Hochschild (HOC) 197.10 +4.73%
Jangada Mines (JAN) 8.10 +4.52%
Katoro Gold (KAT) 1.25 +4.17%
Fresnillo (FRES) 915.80 +3.46%
Pan African (PAF) 19.92 +3.00%
I think gold has been trying hard to make it through the 200 day moving average around 1850 and kept being knocked back, but today it succeeded which meant a lot of people pile in and start pushing it higher. To really get off to the races we need a golden cross which is still a little way away, so we do not know if this is for real yet but hopefully it is
Pog 1867
I suspect money shifting from crypto to PMs along with the underlying need to hedge against fiat currency devaluation
Why is gold and silver up so much today vs previous 30 days? Something about to hit the wider economic fan?
Nice to see a good day for gold and centamin, the break of the 8 month downward trend line looked a bit easy to my eyes so wouldn't be surprised if its a false break and gold takes a little breather before taking it out properly and heading to 1950. Either way no trading for me as could just as easily be the real thing. Good luck everyone, the futures looking bright
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https://twitter.com/CentaminPlc/status/1394292136598810627
https://twitter.com/DonLawson_/status/1394320044994174981
On the subject of comedians. My personal favourites were The Two Ronnie's.
The singalong/dance sketch at the end was always my favourite part. Brilliant!
DaggerMal
Lol DaggerMal
DaggerMal
It goes to show how difficult it is to try to forecast the gold price. It now appears to be in a short squeeze - we have Marmot74 to thank for telling us it was on the cards (I remember all the good guys). I'm so glad I bought my Centamin shares below the 108p mark to add to my existing holding. I also added a couple of Canadian miners near the bottom that are doing well, and some Pan American Silver which got absolutely smashed down last Thursday but are now recovering. I failed to buy more physical gold at the bottom, even though I thought it was the bottom - it would be up nearly $200 now.
So, pretty good at the moment, and frankly, there are obviously some fantastic analysts on this board that are willing to help us - and get well rewarded for it too, as they should be.
I think I should stick to making the tea.
Aoife
Lets hope so Ian!! Blimey we've waited long enough!
DaggerMal
Sotolo
Class post from you re Mr Tibbles. You get more than your fair share of stick Sotolo, hopefully in the past now, so credit to you Sotolo.
Mt Tibbles
Glad to see you back on here.
I'm a relative newcomer to this board approx 8 mths, but this is by far one of the most knowledgeable and friendly boards on LSE. Lets try and keep it that way. I've been flippant in the past, hopefully not rude, but let's all think before we press post message. Me included.
Cey on the move north. 1.30 by the weekend, perhaps 1.50 by Aug? Or is that wishful on my part?
DaggerMal
There is a golden Cross about to take place in the days ahead on spot gold
For some reason the rise here is capped at 1.20 gold now passed 1860 normally CEY moves up with gold and down with gold, wonder if it’s got to do with the dividend on Thursday...