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http://www.kitco.com/news/2018-07-19/President-Donald-Trump-Pushes-Gold-Higher-Not-Thrilled-With-Rising-Interest-Rates.html
President Donald Trump has rescued the gold market as prices have significantly bounced off their lows following his criticism of the Federal Reserve.
Thursday, in an interview with CNBC, Trump expressed his frustration with the U.S. central bank saying that he is “not thrilled” with rising interest rates. He added that higher interest rates could disrupt the nation’s economic recovery.
“I don’t like all of this work that we’re putting into the economy and then I see rates going up,” he said in the interview.
"Because we go up and every time you go up they want to raise rates again. I don't really — I am not happy about it. However, at the same time, I’m letting them do what they feel is best.”
Gold has benefited from Trump's comments, with prices rallying more than $10 since the interview was published. Prior to that, the yellow metal was hovering near a fresh 12-month low.
GLTA,
Dan
http://www.kitco.com/news/2018-07-19/Gold-Looks-Good-As-Recession-Fears-Grow-State-Street-Global-Advisors.html
In an interview with Kitco News, George Milling-Stanley, head of gold investments at State Street Global Advisors, said that he doesn’t understand the recent price action in gold as the market is ignoring significant economic issues.
His comments come as gold prices have hit a new 12-month low with many analysts now watching critical support at $1,200 an ounce. August gold futures last traded at $1,222.30 an ounce, down nearly 0.46% on the day.
"We are still mired in a low and negative interest rate enviroment but what I am particularly worried about is that the yield curve is flattening and could eventually invert,” he said.
Milling-Stanley noted that a yield curve inversion, where short-term yields rise above long-term yields, has correctly predicted a recession seven times.
Currently, the spread between 2-year bond yields and 10-year bond yields is at 24 basis-points, the narrowest range in 11 years, according to data from the St. Louis Federal Reserve.
“I would expect investment demand for gold to rebound if we slide into a recession and I think there is a significant chance of doing that,” he said.
GLTA,
Dan
2 sources and results are different any way I would say this Q2 will be around 115K.
the sources:
http://www.elbalad.news/list.aspx?w=منجم+السكري
https://www.youm7.com/Home/Search?allwords=منجم+السكري+
BTW, both are reporting deferent between dates and KGs numbers. I think elbalad news is more reliable but it may missed couple of shipments.
Any way, I am not worry much about this Q2 results as the Q2 preliminary release on Mon. will let us know what is in their agenda next.
BTW, I do agree with mrtibbles about The politics theory tho.
GLTA,
Dan
mrtibbles, There is no way for the management to be surprised with lower grades for 2 reasons:
1- they have a complete analysis of what grade they have...
2- when they mine the tonnage they know in advance how much gold by grams. (I did watch a video that explained how they control the output with exact by Grams) to avoid any playing around.
They know what they have and what equipment they are using and for how long can it be used and they are very conservative about their operation and they never exaggerate in their PR(s) concerning the production.
And that what makes me believe what I was told about the politics going on.
I am not sure about this too, we may be facing another issue with the contract as the contract talks about the identity of Centamin PLC which was written based only on the Egyptian property and not including the properties of Burkina Faso and Cote D'Ivoire, which they are under Centamin PLC and Egypt's contract is 50/50. (That I may be wrong but it was raised during a dissection with some of my friends)
GLTA,
Dan
downhill, I agree with you and
Just to be clear, some here trying to prove management were aware of issues that will popup a year(s) later and sold their holdings?
This is insane and idiotic to think that way… If they know then they would of fix and avoid it before it happens.
My dear friends, we all know and go back to the time of management sales and read your posts for the reasons of selling for Ampella.
But, if you want to blame the management you can say; they were planning for such action on 1Q 2017 and stopped and are now going through it on 2018 to retaliate against the Egyptian authorities with less return for Egypt from the Sukary mine and force them to accelerate the resolution and finalize the court case.
Too much junk online going from analysts and bankers to support their hidden agendas.
GLTA,
DAN
It sounds like Sotolo very depressed and too many negative posts... You should not dump your s---- on others. Why don't you move on with different stocks and forget about CEY? you better stop the crying wolf. https://www.gold-eagle.com/article/gold-price-forecast-will-golden-wedge-resolve-soon My apology for my words but I got sick and tired of negative posters while claiming owning the same shares. No one will do unless they know what they are doing... GLTA, Dan
Tiger, You are correct and agree on the impact if China did what you say. However, I am not sure why China didn't react so far! politics and economics are not clear to me. But the gold will be recovered soon. I am assuming the high $USD will start hurting the US economy with the trade war that is started already. Also, that proves that all are manipulated to prove the US strategy against the world. I support "make US great again" but not fighting and loosing the friends. GLTA, Dan
It seems like whenever CEY start to see the light, either way of politics or the company it self come up with news to dismantle it back. I am not sure untrusted management and politicians or it could be the "Curse of the Pharaohs". I will try to withdraw away from any investment in Egypt. Feel very sorry for the bad luck with this share. GLTA, Dan
Sorry, couldn't find any accurate results for demand/supply. But, According to "world Gold Council" for the 1st Q of 2018 the world supply was 1,064T while demand was 974T. https://www.gold.org/data/gold-supply-and-demand/gold-market-chart Also you can see the demand/supply by country for the q1 2018 again just for the past and no predictions..... GLTA, Dan
Rebees, my understanding is gold demand is higher than production and even will be increased gab in years to come. Look at that site (I am sure you know it): http://www.usdebtclock.org/gold-demand-by-country.html Also if you see the US debt now is $21.15 T. but US owns more gold than any other, and that what will make the gold jump as a rocket when the Financial Mafia releases the gold price to reduce the US debt. When it will be? The mafia to decide that. Also, I believe that China and Russia are working together to keep the price down to accumulate as much as they can for the same reason to back up their currency and eliminate their debts. It is very complicated and I hate to think about it in details and all todays analysts are analyzing day to day what is happening and no one knows the real facts except only the guys in control. But for sure as we all know it; gold will be the unreachable star soon. GLTA, Dan
Well, I hope this site may shed some lights after what we see today... https://longforecast.com/gold-price-today-forecast-2017-2018-2019-2020-2021-ounce-gram GLTA, Dan
After the US withdraw from Iran Nuclear deal. https://www.cnn.com/politics/live-news/trump-iran-nuclear-deal/index.html GLTA, Dan
Commodities are flashing a once-in-a-generation buy signal, IMHO, Billionaires may make mistakes sometimes, but not this time. http://www.mining.com/web/commodities-flashing-generation-buy-signal/ GLTA, Dan
Tibs, as I mentioned before; the court case is on the shelf beside law 32, and Mr Fakharany is in run away, he did flee Egypt and can�t even attend his son�s funeral after his bribe court case of 2 years in Jail. Law 32 is internationally illegal, L32 means that no one is allowed to sue a government organization for any contract. In Egypt as a democratic country anyone should be able to sue the government like our countries. There are 100�s of law cases that governments looses those cases. GLTA, Dan
U.S. Federal Reserve keeps key rate steady, says inflation close to target https://www.bnnbloomberg.ca/u-s-federal-reserve-keeps-key-rate-steady-says-inflation-close-to-target-1.1070482 Gold now at US$1312. GLTA, Dan
No confusion here, here is what GDX says, "Next Stop is a breakout" https://seekingalpha.com/article/4163820-gdx-next-stop-breakout GLTA, Dan
http://www.stockhouse.com/companies/bullboard?symbol=v.aan&postid=27906658 Was posted by James (Stockhouse site) Very interested, GLTA, Dan