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42,069 views 7 Mar 2024 #gold #economy #KeithNeumeyer
"There’s a rush into gold because of the de-dollarization of the world. It has nothing to do with the interest rates,” asserts Keith Neumeyer, CEO of silver powerhouse First Majestic. In a conversation with Daniela Cambone at this year's 2024 PDAC Conference, Neumeyer confidently reiterates his vision of silver surpassing $100 per ounce. With 1.2 billion ounces in demand and only 820 million ounces in production, there's a notable disparity, Neumeyer emphasizes, highlighting the looming silver deficit, set to escalate in 2024.
https://www.youtube.com/watch?v=QRLP-CePIhc
After doing some research the general opinion seems to regard Jeffery Christian is an industry apologist with his own agenda!
Many of the precious metals professional traders including GATA have had a long running dispute with him!
Worth bearing in mind he disputed gold and silver manipulation years before, HSBC,DB etc. etc. and JPM was fined close to $1Billion for these denied manipulations and the DOJ naming them a criminal enterprise!
Hi Mr Gnome,
I'm not making any assumptions about who is telling the truth because most of the experts likely have their own reason's for promoting a particular narrative.
I posted the piece by Jeffery Christian just because it is a contrarian view to that of the majority at the moment and one which people will likely have their own opinions on.
Same Simply Wall St dated last Thursday:
The projected fair value for Centamin is UK£2.27 based on 2 Stage Free Cash Flow to Equity
Centamin is estimated to be 45% undervalued based on current share price of UK£1.26
Strength
Earnings growth over the past year exceeded the industry.
Currently debt free.
Dividends are covered by earnings and cash flows.
Weakness
Dividend is low compared to the top 25% of dividend payers in the Metals and Mining market.
Opportunity
Annual earnings are forecast to grow faster than the British market.
Trading below our estimate of fair value by more than 20%.
Threat
Revenue is forecast to grow slower than 20% per year.
And of course Centamin share price is no longer below a year ago. As others below have said better to listen to the knowledgable here than the pundits, especialy the generalists, who often know far less about Cey ; a bit like Superforecasting that showed a group of intelligent amateurs, ie us, is almost always better than pundits who move in a herd. The pundits certainly don't know which way gold is going, when it rises they almost all say up and vice versa, we shall only see if this is a top, or it carries on further, retrospectively
If the institutions were going to dump Centamin shares they would have done it a long time ago. The fluctuations have been far greater than they were last week.
What a load of tosh!
Journo standards have fallen off a cliff recently.
Simply Wall St dated 9 Dec 2023.
As I thought.Just supposition being dressed up as an actual event. Much dramatised.
Deception.
Institutional owners may take dramatic actions as Centamin plc's (LON:CEY) recent 5.0% drop adds to one-year losses
https://simplywall.st/stocks/gb/materials/lse-cey/centamin-shares/news/institutional-owners-may-take-dramatic-actions-as-centamin-p
https://www.lse.co.uk/rns/CEY/
What happened to the RNS that is normally published after we were informed a great number Corporate Investors had sold large volumes or was it all Bo****ks . ;-)
Thanks Mr T
You do make an amazing assumption that some of the mortals staggering around the place, with mouths wide open, speaking best guess stuff, would know what the truth is , even if they stumbled over it!
There remains a certain appeal of gold. It cant be created, and it cant be destroyed, which is the opposite of its unit of measure, the US$ LOL, which was made to be destroyed, and has continuously been so for decades...
goodluck punters, gold is not a bad thing
The Gold Gnome
I don't know anyone has any knowledge of CPM Group but Jeffery Christian, opinion's in this presentation seems to be pushing a very different narrative to many of the other precious metals market experts
Might be interesting to invite Jeffery on some time for an exchange of opinions with one of other experts in the Youtube Live from the vault presentations?
In this presentation, CPM Group’s Jeffrey Christian discusses a range of topics surrounding precious metals, focusing on misinformation about U.S. Treasury Gold and providing a Market Update for Gold and Silver.
Jeffery also discusses gold held in foreign and international accounts at the New York Federal Reserve, who controls leased metal, and the myth of delayed metal delivery from the US Treasury to Germany.
https://www.kitco.com/opinion/2024-04-26/gold-and-silver-market-update-myths-and-misinformation