Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
We should be able to gauge the underlying
strength of gold today ,If the non farm payrolls
beat expectations and gold remains resilient it
will be a big boost.
https://www.voanews.com/a/nato-studying-options-to-bolster-africa-anti-jihadi-force-un-says-/6262318.html
After the diplomatic row between France and USA over AKUS
Biden 'promised' to help out France with Mali/region, is this
the first evidence ?
barring bad news I am pretty sure we have hit
the bottom, gold is supportive and there should
be some anticipation of news, a lot to come, which
I think will be good, hummingbird are still active on
twitter with about 5 recent tweets about the
community projects, in a peaceful part of Mali.
"mali"
France are not leaving mail they are just reorganising
I am not missing anything ,in itself it does not affect
hummingbird ,yanfolila is on the guinea border the
very last place to be affected.
38 min debate last night on france24
https://www.france24.com/en/tv-shows/the-debate/20211006-how-far-will-it-go-mali-summons-french-ambassador-as-row-deepens
What is clear Wagner wont be going to Mali they
have nothing really to offer, another terrorist
incident in Mali yesterday,16 soldiers killed
along with dozens of insurgents also killed
according to reports.
You can now freely sell so hopefully we
have hit the bottom
gold went positive against a strong dollar could
pop on Friday hopefully or it might not
depending the non farm payrolls
I like moaning
currently £20 000 down with an average of 17.7p
gold showing resilience again currently down 0.25%
against the dollar up 0.61% so underlying strength
14.85p for amounts above £3000 to around £10000
no offers to sells below £3000
its now no offers for selling small amounts
they are getting ready to drop it again
as per the daily pattern.
IG index 14.94 on the bid
If this follows the same pattern ,no early buying
interest then the MM will drop the price.
14p- 15p range looks nailed on for next week
Be interesting how the share reacts to news
I think it will struggle regardless, praying it
make it to 18p so I can derisk or even 17p
gold has bounced of the low of $1749 to $1761
so showing some nice resilience
since I have been here there's a pattern the
MM hold the the line in the morning ,when
no buying interest appears they drop the price
so we should see the 14ps next week .
bought some more, got my ave to 17.7p
hopefully some good news comes ,which
I expect and we can struggle up to 18p and
I can de risk.
humming bird have been tweeting recently
3 recent tweets ,so they are still there
January2 if you are right and gold goes down to $1600
barring good news you may be able to buy in for 12p-13p
the way things are going
The Gold price should already have discounted tapering etc,
as its the expectation, there is close to zero chance the US debt
ceiling wont be raised, so raising the ceiling in itself is irrelevant
to gold.
invested heavily here in the last weeks ,disappointed to have an
average of 17.8p given the current price, currently my loss is well
into five figures, I guess the market is waiting for the Q3 update.
Encouraging the Mali government gave the the go ahead last week
to a large lithium project (Chinese/Australian) quite near yanfolila
at bougouni, keeping a close eye on events in Mali, no one mentions
there are British troops there as well as Germans and other Europeans
as well as the large UN contingent, hoping the status quo prevails and
Wagner don't complicate things , Merkle was on the phone to Goita
last week and the British have been putting on the pressure as well, so
I don't think the Malian "government" will risk it.
I also like the fact the CFA franc is linked to the Euro, it gives some stability,
diesel price in Mali currently (27th sept) USD 1.075 litre, I am hoping the
AISC for Q3 is moving towards $1250 ,although the AISC for Q2 was $1386
the AISC for June would of been lower as there was a month on month
improvement in Q2.
I just have a feeling/hope there will be a run of good news coming through
this quarter from hummingbird ,hopefully the gold price will be supportive
and I hope kouroussa is put on the back burner or even sold(unlikely)