PYX Resources: Achieving volume and diversification milestones. Watch the video here.
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Yesterday’s close in gold was pretty major and it just proves that the demand isn’t going away.
Silver also went absolutely bonkers so those stocks will be in auction too.
If you like something really daft on valuation also check out BMV. It’s re/rating hard now as market cap is a daft £8m for two fully funded JVs to production. Company is targeting 100,000oz cumulative (40% net to BMV) on over 1.5m ounces gold. Could easily do a monster move again next week.
Anyway, the time is ripe for breakouts and CeY will be one next week, look forward to Monday!!
The Times’s Maxim Tucker reports from inside Ukraine where he has been with troops on the front at Lyptsi and Vovchansk. He says Ukrainians are “even more galvanised” to find new ways to “outsmart" Putin inside Russia, to fight back against the offensive in Kharkiv.
https://www.youtube.com/watch?v=XaeYcpFFyk8
📻 Listen to Times Radio - https://www.thetimes.co.uk/radio
Break the Fake!
https://www.youtube.com/watch?v=uMJsV0guj1Q
17 May 2024 #ChinaRussiaAlliance #WestConcerns #PutinChinaVisit
Vladimir Putin's latest visit to China comes as Russia's dependence has increased in the face of crippling western sanctions imposed over its invasion of Ukraine.
Although it's not directly supplied Moscow with weapons, the flow of Chinese technology and goods have helped its war effort. Western powers are increasingly troubled by this deepening friendship.
Will this collaboration extend beyond their borders?
https://www.youtube.com/watch?v=xZxW1RPAdj8
Another 5 New Countries Seeking To Join BRICS Alliance!
7 May 2024
A handful of developing countries are looking to join the BRICS alliance to break free from the US-dominated financial system. Developing countries in Asia, Africa, and Latin America find the bloc lucrative and can help their respective economies to thrive. Moreover, the de-dollarization initiative is the bind that holds them together as developing economies want to cut ties with the US dollar.
1. Bolivia 2. Cameroon 3. Cuba 4. Syria 5. Zimbabwe
https://www.youtube.com/watch?v=9eiqa15vj_g
Also Read: https://watcher.guru/news/5-new-count...
17 May 2024
In this week’s episode of Live from the Vault, Andrew Maguire guides listeners through the latest developments around the new BRICS currency, surging Chinese gold demand, and pivotal findings from the IMF’s latest report.
The seasoned precious metals expert addresses the community’s fervent questions on the escalating paper vs. physical gold battle, while providing crucial updates on the short-term market outlook.
https://www.youtube.com/watch?v=NMr8wS04NcU
IMF Link: https://www.imf.org/en/News/Articles/...
Ask your questions for Andy here: https://forum.kinesis.money/forums/qu...
The prices of precious metals continued to rally on Friday as silver skyrocketed 4%, remaining at its highest value since February 2013. A batch of new economic releases seemingly spurred demand for the metal.
Silver shot up 4.10% at 12:27 pm ET, going for $30.80. A minute later, gold jumped 1.51% to $2,412.40, platinum surged 1.47% to $1,079.04 and palladium advanced 0.49%, selling at $991.69.
Baha Breaking News (BBN) / AY
Gold currently $2411.00
Hi Dark Knight,
I don't know if you are new to this share but this is nothing out of the ordinary for the Centamin share price, it has been the norm for longer than I care to remember now!
It is Friday afternoon and the CFD traders will be bailing out in case there is bad rews over the weekend , they regard being in a share for two days almost like a decade!
The price of PM could go through the roof and and Centamin might click up a few pence or two!
That said though if the PM prices come off $10 then likely the Centamin share price will take a real spanking down!
It's related to the lack of confidence in the company, the price of the Sukari clear up operation and that Martin Horgan and his team have yet to actually deliver on their promised guidance and a much reduced AISC!
Pms sky high.and this hasn't moved lol crazy surley ?
Equities in Europe traded mostly in the flat territory during Friday's premarket session as investors anticipated the latest report on inflation in the Eurozone.
The DAX, the Eurostoxx 50, and the FTSE 100 stood flat at 8:00 am CET. Meanwhile, the CAC 40 rose by 0.14%.
The euro stood flat against the dollar at 7:58 am CET to sell for $1.08617. Simultaneously, the pound sterling lost 0.06% to the United States currency to change hands for $1.26616.
Baha Breaking News (BBN) / JR
Happy Friday y’al
Enjoy your weekend.
Gold currently $2381.20
Equities in Europe traded mixed during Thursday's premarket as investors geared up for the update on inflation in the Eurozone, scheduled for Friday.
The DAX lost 0.10% at 8:00 am CET. At that minute, the FTSE 100 grew by 0.30%. The CAC 40 gained 0.17%. The Eurostoxx 50 stood flat.
The euro and the pound sterling both stood flat at 8:00 am CET to sell for $1.08805 and $1.26832, respectively.
Baha Breaking News (BBN) / JR
Gold currently $2389.20
Yep Copper spiked and pulled back nut its up again this morning. Silver played catch up and will continue to do so. Gold has been tracking silver for a long time, CEY will follow gold. This should be a rousing end to the week !!!
Yep as per usual, it’s all about data!
The prices of precious metals continued to advance on Wednesday after the United States reported a weaker-than-expected increase in inflation in April, apparently raising optimism with investors that the Federal Reserve could consider cutting its interest rates in the near future.
Silver soared by 3.11% at 1:17 pm ET to sell for $29.50 per ounce. At that minute, gold went up by 1.31% to go for $2,388.55 per ounce. Platinum gained 2.25% at 1:18 pm ET, selling for $1,060.59 per ounce. Meanwhile, palladium surged by 2.55% to go for $993.70 per ounce.
Baha Breaking News (BBN) / RR
Gold currently $2385.89
Many thanks Mr Tibbs
My theory with Hunting is that they sell equipment to oil companies. A bit like the theory of selling equipment to prospectors rather than being a prospector your self. Similar to my feeling of buying gold miners rather than physical gold . Gold is a good store of wealth but not an asset, in that it produces no income . In the same way a good house that you live in can be a store of wealth . I did feel that buy to lets we a good asset to hold but one needs to be careful about how to hold buy to lets . I now have to pay for my wife carers because she is co owner of our buy to lets . Still I am lucky to be able to pay and to have her home. On a happier note another grandchild safely delivered this week :) . Although the parents may need my financial help in buying a larger house !
Oh yes and Hunting do pay a dividend . My late father was keen on shares and Isa's he almost never bought a company that did not pay a dividend.
Hi Nunquam,
centamin should be now, unfortunately we are still paying the price for behaviour of the previous"Fred Carno'sCircus"act that were masquerading as mining company management!
I had'nt heard of Hunting until your post , they seem quite a decent outfit and I'm glad you are having some success with them, no dividend as yet but possibly that may change.
https://www.equitydevelopment.co.uk/research/record-order-boosts-momentum-and-firms-guidance
My second biggest too, after Hochschild
Reasonably content today. Centamin now my second biggest share holding as Hunting now my largest holding. :)
Major stock exchanges in Europe traded with gains in the premarket on Wednesday as investors looked forward to the GDP report for the euro area, which will be released after the opening bell. Meanwhile, Allianz, Commerzbank, E.ON, RWE, and Thyssenkrupp all unveiled their quarterly financial statements.
The DAX added 0.14% at 8:00 am CET. At the same time, the Euro Stoxx 50 was up 0.35%, and the FTSE 100 increased 0.25%. At 8:01 am CET, the CAC 40 gained 0.15%.
The euro traded 0.07% higher against the dollar at 7:59 am CET, changing hands for 1.08268. Simultaneously, the pound was flat against the greenback, going for 1.25977.
Baha Breaking News (BBN) / AY
Happy hump y’al
Gold currently $2359.04
Thank you Dasut, I mentioned Trevor Schultz as an example of someone who had the relevant qualifications and experience, those that followed him didn't seem to be of the same calibre!
As to Youssef's job title well it seems to have been just about inappropriate as it could possibly get and whoever came up with it didn't have much idea as it was misleading and inappropriate, for instance shareholders understandably would assume the Sukari general manger would be appropriately qualified and experienced, this seems to be the case in the majority of other mining companies I am informed, but Sukari had an ex police captain and I doubt that running a gold mining is on the Eygptian police academy curriculum!
Whilst I don't agree with the way far too many companies are willing to go along with the greasing of palms or cajoling the all too often corrupt, incompetent and greedy governments in many African developing countries, I can begrudgingly understand the rationale behind appointing Youssef into a senior role.
But that said, assuming there was someone managing the Sukari operation behind the scenes then should they should have had he appropriate title as it seems now that Youssef's role was more being an acceptable face who was fluent in the language and competent in the Egyptian way of doing things and so able to rub along with the ruling officialdom.
Possibly more appropriate title for Youssef could have been something like "Regional Business and Governmental Relations Manager", this sounds appropriately quite grand enough to impress the various officialdom he would expectorated to rub along with.
So lets hope that now at long last things have really changed for the better and that the progress being made now is far less erratic than in the past and importantly sustainable!
Tibbs, You need to have worked in a developing country in a position involved in hiring to understand the needs and how extremely difficult it is to juggle the skill level requirements within strict expatriate quotas. Job titles are difficult to write and sometimes these jobs may only be filled by Nationals not imported expatriates, but if the senior role is filled by a National then can maybe open up a couple of vital expatriate positions working for that National.
I am not defending what has happened over the last few years but at the same time Centamin wouldn't exist had it not been for a number of years of very hard work by Sami, Josef and a few others in the early years.
It isn't just nostalgia it is hard facts and often the horses for courses go off track or are led astray or can't stay the course.
Not sure why you mentioned the Trevor Schultz blip but Trevor left because it was time to retire, Harry Michael died young and very suddenly and Josef never intended to be an active hands on CEO he always knew his limitations hence role as Chairman. Unfortunately as I thoroughly agree he didn't see the incompetence of a couple of so called hands on experienced individuals, there was for a short time a reluctant accountant as acting CEO what a nonsense. Thankfully the ship is hopefully now back on course and this next 6 months or so will prove some good employment decisions were made.
European markets traded mixed during premarket hours on Tuesday in anticipation of inflation data for Germany and Spain, joined by unemployment figures for Britain, and producer and import prices report in Switzerland.
On the corporate front, Bayer shared that its opening quarter sales were down 4.3% year-over-year to €13.7 billion.
Frankfurt's DAX was flat.
The CAC 40 was up 0.07%.
The Euro Stoxx 50 was flat.
London's FTSE 100 declined 0.07%.
The euro and the pound sterling were flat against the dollar, selling at $1.07861 and $1.25533 at 7:58 am CET.
Baha Breaking News (BBN) / AB
Gold currently $2344.20
KWN has a follow up article to Michael Oliver's Gold’s Upside Acceleration Phase - "More Proof Gold Has Entered Upside Acceleration Phase, Plus To Cut Or Not To Cut?"
https://kingworldnews.com/more-proof-gold-has-entered-upside-acceleration-phase-plus-to-cut-or-not-to-cut/
In it - "While Jay Powell could change her mind, as can the economic data, Fed Governor Michelle Bowman said on Friday “I, at this point, have not written in any cuts” for 2024. “I’ve sort of had an even expectation of staying where we are for longer. And that continues to be my base case.” She continued by saying “It is of utmost importance that we maintain credibility in pursuing our fight against inflation by proceeding carefully and deliberately to achieve our 2% goal.” As a Governor, what she says matters but we know any new data point could change her opinion."
Equities in Europe traded higher in the premarket ahead of the newest reports on Germany's inflation, the United Kingdom's unemployment rate, and the Eurozone's economic sentiment scheduled for Tuesday.
The DAX rose by 0.09% at 8:00 am CET. At the same minute, the FTSE 100 went up by 0.09%. The CAC 40 gained 0.15%. The Eurostoxx 50 grew by 0.14%.
The euro and the pound sterling stood flat against the United States dollar at 7:58 am CET, selling for $1.07728 and $1.25279, respectively.
Baha Breaking News (BBN) / JR
Happy Monday y’al
Gold currently $2353.54
10 May 2024
In this week’s episode of Live from the Vault, Andrew Maguire is joined by world-renowned “Rich Dad, Poor Dad” author, Robert Kiyosaki. Andrew and a returning Robert discuss the changing global economy and how to preserve wealth.
The precious metals experts examine massive, ongoing Indian & Chinese silver demand and delve deeper into the sound money movement, before proclaiming the Kinesis ecosystem to be the evolution of money.
https://www.youtube.com/watch?v=DnS5hZGqQjA&t=2s