Centamin PLC - operates Sukari gold mine in Egypt - Three directors buy a total of 162,788 shares at GBP0.826 to GBP0.836, worth about GBP135,000, on Thursday, Friday and Monday. Chief Executive Officer Martin Horgan buys 65,788 shares, Chief Financial Officer Ross Jerrard buys 67,000, and Non-Executive Director Mark Bankes buys 30,000.
This stuff sells newspapers and keeps public health spokespersons whom have had their 15mins of fame in the limelight now that covid isn't anymore. It'll be ebola probably after monkeypox or super antibiotic resistance TB the list is endless..
Goehring is very bullish on gold in the long-term, projecting the bull market to peak at around $15,000 per ounce by the end of this decade.
"There is a massive bull market right in front of us. In the last month, we have started to increase our gold exposure. We are getting close and closer to this massive blow-off that will happen in the gold space," Goehring pointed out.
However, in the short-term, gold could still see a move back to $1,600 an ounce, which is a great point to get into the market. The reason for the retreat in May is the Federal Reserve stepping up rate hikes.
"When the Fed starts to raise rates, that puts downward pressure on gold. [But] I am a raging bull," Goehring said. "We are confident that we are getting closer to a resolution to the upside, especially with gold and silver physical ETFs strongly suggesting that western investor interest is returning and gold trading cheap relative to oil."
The fed has inflated it's balance sheet from $1th to $10tn between 2008 and now, in other words printed $ equivalent of said amount, and we're only now at the beginnings of an inflationary cycle and lots of bubbles will burst IMO. There will be winners but lots and lots of loosers.
My advice since you asked is don't buy centamin as they've ran out of gold only a few ounces if any left and it'll cost $7000's to get it out of the ground. Also Egypt is siding with Putin so run run away.....