The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
The "waste" removal was neccesary to open the the face and hoping to access underground ,thus making open pit grades are enhanced.
Never mind your old cut and paste posts, in truth you do not understand very much at all.
Your dramatic posts benefit no one.
There was no near collapse, just a miscroscopic movement, same as messured in old buildings ,especially church vaulted roofs,these done by small plates of glass,glued in place over vintage cracks,after hundreds of years.
I am not sure his analysis was right, higher interest rates would mean the deficit rising on increasing the bond interest payments,
Sureley if the Gov were serious about reducing their deficit,then cut military spending and military aid to pretend to end other peoples wars, rather than negotiatons, but no ,they prefer to keep military arms contractors busy ,probably the USs biggest exporter.
A very vicious circle.
Or simply sell some of their supposed ,Gold reserves. But that might be difficult ,even if they have not already sold them several times in paper promises.
Worth a read,as you all know about Kitco Gold latest news.
"Spot Gold prices holding below 2300$ as April ISM services sector PMI falls to 49.4 ".
Spot Gold now at 2301$ well we see what a new week brings but many have Monday break.
Looking at other articles there is a hope from September US interest rates fall,which of course means more Gold buyers.
Its looking like you are correct Tony. I read an analyst say Comex traders liquidating or offloading somwhat.
Perhaps they are getting worried or getting into higher paying US treasury bonds.
Either way they know more than we do.
Have a good day.
You have no control or credibility of anyone.
You seem to think yourself the only person able to do their homework ,and must be listened too .
Take up Bowling it might "suit you sir".
Its not about informing people is it ? More about look at me while I teach everyone.
No thank you,teaching your grandmother to suck eggs ,people already know the score when they make , THEIR choice.
And no there were no Bonanza grades promised ,just a possibility . And still is,but until that face can be mined its impossible to know for sure.
Your continuous negative comments are totally unnecessary ,investors have the option to sell as well as buy.
What the ground holds will be mined, you continuousy ignore the fact that without the open mine the past success as well the future would not be secure, it contributes a profit ,especially now with elevated gold prices.Do you seriously think it should be sold for landfill !! Mr Golden Flip Flops.
It sound like you have sold whatever you had, and spend your life in your hobby of posting provocative rubbish, I will bet Centamin PR just laugh at you.
Episode 169 was a few days ago.
In case ,some want to watch it.
We have a pull back,thats happened before and will happen in future.
But remember Gold is still around $2300 and Centamin is still making a good profit. Thats all that matters.
Some people still trying their pathetic best to spread doom and gloom, I wonder why? Not that is important.
Perhaps they think it is their public duty. ;-)
Continuation ----consesus in general for gold is higher,depending of course on what the bullion buyers see .
Buyers ,governments in general, control the price of gold, by supply and demand,
Now is the start of a quiet season for gold, unless there is another black swan event.
Those black swans these days seem to be breeding.
Closed at 2391$.
Not bad ,opened at the start of the week at 2345$.
Whats not to like about that,perhaps next week the same ,which once again takes AU above 2400$ for physical,I must add.
Enjoy your weekend all.