Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Steve
Of course everyone will or should be doing that in crypto but when I see journalists and internet constantly pumping crypto I become very suspicious. No doubt the very same people behind the banner headlines are locked and loaded and many of the sheep will be holding when they have sold down.
They will then be pumping the headlines about fools and their money.
Just my opinion of course. There is always a danger of ‘falling in love’ with your investment whether that’s CEY or crypto or both.
Seen it all before with the dot com bubble. I remember a company called Oxygen. Floated at 15 x it’s value on its debut to the market.
How on earth they could put a value on it in the first place is beyond me. It was 5 guys in an office, a telephone and a fax machine.
Any shrewd investor in crypto should be top slicing and buying or investing in tangible assets.
It will come down as quickly as it’s gone up, if not quicker. Just like a good old fashioned bank run.
Seen it all before. Each individual has their own risk v reward opinion but history will be the judge of who is right and who is wrong.
I’m the meantime I will continue to top slice my profits from my profits in the markets and continue collecting my rent.
My ‘cart horse’ of an investment. Never going to win the Derby but just gets on doing what it does. Plods along, relatively unnoticed but gets the job done.
What a difference 12 months makes, not many doubting Thomas’s around and certainly non returning to say they got it wrong. :)
The earnings report last month was very good with expectations of increased production. Political situation has also calmed down with the government recognising foreign investment is essential for their economy.
Having read quite a bit over in the US on the recent change of sentiment towards gold it is accepted that strong figures in the job market will allow the Fed to raise interest rates.
Also demand for gold in China and particularly India (Diwali) is putting pressure on prices.
Fwiw, price here is held back by an institution selling shares into any rises in the PoG and it will only be a matter of time before CEY catches up with it’s peers. As always patience is the toughest investment to make.
@ TheThinker
I had solar panels fitted to my roof several years ago. I’m that time I have had 6 inverters replaced that had faulty relays. (Cheap repair) However, because I have front and back panels both have to be replaced in order to ‘balance the system’
Coincidentally all my sushi’s manufactured in China. World has truly gone mad. More carbon has been released into the atmosphere in manufacture and supply than any electric they have generated.
Not sure of the rationale of buying in Cyprus other than extended holiday season and Russians treating the island like a resort on the Black Sea. Language is certainly not a barrier to them either.
Maybe want a strategic missile base near to the Middle East. Invasion by stealth. :)
Some important US data coming out shortly. PoG seems to be waiting for it before it decides what direction to go.
Poker
Spit on with that but a government minister has been found out. He was selling ‘golden passports’ to wealthy Russians.
Hence the reason why real estate will go unsold here. I’m out here seeing a friend of mine who is buying up property for holiday rentals but he just cannot see the ‘house if cards’ in front of him.
He’s even got himself a very young Russian Lady. Fools and their money’. :)
Poker, I was buying PETS at 1.13 back in 2018. Great company. Not many shares in free float. Directors with sizeable holdings and the company was increasing turnover and profit.
For some reason a small short position was taken and the algos pulled it back to a tight 120 channel. I’m sure you have many examples too but eventually the trend reversed without any changing fundamental.
I’m currently in Cyprus. Lots of glass shoreline apartments going up, lots of guys in high viz and hard hats crawling over them like ants. Robbing the country of any identity. Not a cats hell chance of selling them. The country is going to be soulless when interest rates kick in and the buildings go unsold. Russians won’t be buying real estate, they will be buying gold.
Anyone with the slightest understanding of economics can see a ‘car crash’ developing and all the algo bots in the world will not keep this trading at this level.
PoG knocking on the 1800 again. Current sp will turn green. Maybe (hoping) that this time it will hold and test 1830.
That said, if it’s not today or this week it will happen.
Still bargain basement here with a good quarterly report.
Aclara approval as well today (I think) so 160 is achievable should all the ducks line up :)
Looks like continued buying into any PoG weakness. Hits circa 1800 and then drops back a little before the cycle begins again. Interest rates on hold which will only exaggerate any inflationary pressure further down the line.
I agree with Poker, low volume and algo trades keeping us trading in this channel atm, but it will change.
Trying to think of positive data in the short term that may put the PoG under pressure but it's difficult to see much other than data meeting predicted expectations. The ECB will want to raise interest rates today in order to counteract inflationary pressure but will reluctantly resist as they know that decision will impact the markets. Yet their 'economic schooling' will tell them that know is the right time in order to avoid bigger rate rises next year. Supply chains stretched and rising energy costs on top of renewable switchover will see inflation at levels not seen for many years.
Bond Yields pretty poor now in the US and I'm sure more bleak news to come. The case for a rising price of Gold is too compelling for me. Like to read contrary views on this but imo now is the time to de risk significantly in some sectors and favour PM producers.
Not much interest in HOC at the moment so no apologies if my post comes across as ramping. We already know there are know the next quarter figures will be on track not forgetting Aclara of course.
nogs
Look at the bigger picture here. PoG was pushed down below $1800 but they were not able to sustain the pressure. Bond yields on the decline in the US. Any negative news now coming out of the US should see the price rise above $1820.
Om a separate note, I see China are buying Gold, Both China and Russia seem to be loading up.
A bit of consolidation can only be good going forward. My main Tesco store was busy this afternoon which is in complete contrast to Asda. I can see many families pushing out the boat this year over the Christmas Holidays. Make up for last year. Market share should be pretty good and expect it getting better.
Good luck to LTHs here and especially employees.