Member Info for mrtibbles

I don't disagree about Kinesis marketing, certainly not hard sell!

Jun. 24, 2020 5:55 AM ET|By: Yoel Minkoff, SA News Editor

Futures were already dipping into the red after the Nasdaq Composite notched a fresh record high, though contracts tied to the S&P 500 are now pointing to a 1% decline on worries about a wider transatlantic trade fight.

The U.S. is weighing new tariffs on $3.1B of imports from France, Germany, Spain and the U.K., according to a notice published late Tuesday evening (a month-long public comment period ends July 26).

As it prepares to open its borders to international travelers, the EU today may also extend a ban on visitors from America as Europeans are still prohibited from entering the U.S. under virus travel restrictions.

Dr. Anthony Fauci told lawmakers on Tuesday that recent COVID-19 trends were "disturbing" as the U.S. recorded a 25% surge in new infections for the week ending June 21, with 10 states recording increases of 50%.

Good points Dasut,
Possibly they ought to consider Kinesis, then they could reduce costs and earn interest on any bullion held in store on their behalf and also on company spend .

Thank you for the update Siko!
Hope that all goes well for you.

Not unusual, as all the old timers on here would tell you!
Possibly MM pushing people through their stops so they can pick up some stock more cheaply!

I am am very optimistic that we won't be disappointed!

Mr Gnome & Gotti,
I wouldn't say it's MM inefficiency, planned manipulation in more appropriate !

I am sorry for posting off topic, but I am am very angry at the way our government seems to disregard the great contribution that animals make towards peoples well being, especially during the present Covid -19 crisis!

The goal is to reach 35,000 signatures and we need more support. You can read more and sign the petition here:
http://chng.it/MgsmMyydDk
Thanks!

From one charity-

Petition the Government to ensure the money they give to charities goes to ALL charities including animal charities.

PACT Animal Sanctuary not only rescues, rehabilitates, re homes animals and releases wildlife back into their natural habitat, but it also works closely with special needs groups, vulnerable adults, special needs schools, as well as offering work experience to students and those trying to rejoin the work force BUT the National Lottery doesn't recognise this valuable work we do and still refuses to allow us to apply to the Governments promised help for charity.... This is so wrong animals and these community groups will suffer if we don't get the promised help!

At last we have it officially, the lottery does not give to animal welfare even though it is the tax payers £370 million they are giving away for the government.
What can be done about it?
something must change, 30% of the population support animals and its their money being used.
So many of our animal rescuers will go to the wall if they are not helped. write to your MP/Papers/media.

READ THE LAST PARAGRAPH>

Good morning George,
Thank you for applying to National Lottery Community Fund. After consideration and review by the London and South East funding team I am sorry to inform you that your proposal has not been successful.
We appreciate the time and energy required to develop your proposal and I know that our final decision will be disappointing to you.
Competition for National Lottery Community funding is high, and as demand is always in excess of the funding available, our decision making panel had to choose between a number of good projects.
Unfortunately we are unable to support animal charities and therefore your project is ineligible for funding. We would like to wish you every success in securing alternative funding for your project.
Yours sincerely,
Matt York
Senior Grant Making Manager

cont-
Rising 25% last year and surging by one-fifth so far in 2020, gold priced in Rupees held flat today, trading around 1.0% below last month's new record high of INR 48,000 per 10 grams – a cost which includes 12.5% import duty plus GST sales tax.

Gold prices in China meantime slipped to end the week lower from last Friday, extending the discount for metal delivered in Shanghai to $12.60 per ounce below comparable London quotes.

For the week as a whole, that took the average Shanghai discount to $12.30, wider by almost one-half from last week's average and suggesting a drop in demand relative to local supply in the No.1 mining, consumer and importing nation.

Gold Prices Gain, Yellow Metal 'Doing Its Job as Risk Hedge' as Private Bank Buying Jumps
Friday, 6/19/2020 14:32
GOLD PRICES rose against all major currencies on Friday, showing a small weekly gain versus the US Dollar at $1735 and breaking above £1400 for UK investors as world stock markets rose to cut last week's drop in half on further easing of Covid-19 lockdown rules.

Euro gold prices edged 0.4% higher for the week to €1543 per ounce.

With shops, bars and restaurants now open across much of the European Union, the British government downgraded the novel-coronavirus alert to level 3 – "a big moment for the country" according to health secretary Matt Han****.

New data today showed UK government debt now exceeds 100% of the world's 5th largest economy's annual GDP for the first time in 6 decades.

"Gold is doing its job as a risk hedge" said a webinar from head of market intelligence Rhona O'Connell and senior analyst Natalie Scott-Gray at brokerage INTL FCStone on Thursday, contrasting the yellow metal's performance across the Covid Crisis with the crash in base metals and energy prices.

"Professional investors have been very active, while the Asian physical markets remain moribund," they explained, making gold "the outperformer among its peers and other asset classes during the pandemic...[because] "the prominence of [gold's] investment activity makes commodity-related fundamentals less critical to price action than for the industrial metals."

With gold prices now around 25% higher from a year ago in most major currencies, private bankers are urging clients to buy gold says Reuters, something not seen since the sector's 2009 advice following the Lehman Brothers' collapse of late-2008.

The giant SPDR Gold Trust (NYSEArca: GLD) ended last night unchanged in size at its largest in 7 years, but cheaper competitor gold ETF the iShares product (NYSEArca: IAU) expanded another 0.2% to re
Looking at the back-half of 2020, the fundamental supply/demand picture now points up for both gold and silver on INTL's analysis, but the outlook is down or neutral for the other 8 metals studied by O'Connell and Scott-Gray, including for platinum – "oversold, but still in a surplus.

"Lockdowns in South Africa have [however] had more of an effect here than lost mine production in most other metals," INTL's team note.

"Longer term the diesel [auto] sector in China especially will underpin demand."

As for gold's biggest consumer nations of China and India, "Economic uncertainty and high gold prices have quashed the Asian physical markets," O'Connell said, but a V-shaped recovery could see "pent-up demand unleashed."

Among Indian households, said P.R.Somasundaram of the mining industry's World Gold Council to CNBC TV18 today, income growth of 1% has historically resulted in 1% growth in gold demand. But a 1% rise in Rupee gold prices instead sees demand fall by half-a-per-cent.

Rising 25% last year and surging b

Thank you Rebess, for years Andrew Maguire has been trying to make people aware of what has been going on whilst those that run the scam have used all manner of PR tactic, bloggers and paid so called experts to try and discredit the claims of Andrew Maguire and others.
Now it seems that the so called conspiracy theorists were in fact the ones telling the truth!!

Once you have been a Director, you are in the pound seats. Suddenly you seem to have credibility!

Hope he is more accuracy with his forward production guidance in this new position and remembers to make sure there are plenty of spare parts for plant?

Quite so Cowichan, these former CEO's nearly always pop up on nice little earner on another board, just like failed politicians get a seat in the upper house on a nice little earner!

Fed adds extends the long gold call
Recent comments from the Fed suggest that interest rates will remain very low
for an extended period of time. Given even modest inflation expectations this
means real interest rates will likely remain negative, and even push further into
negative territory if inflation expectations start to increase. We think that this will
act as a major support for gold prices.
Our peak gold price forecast increases to US$1,830/oz in 2022
We now see gold peaking in early 2022E, meaning large increases (15% and
30%) for our gold price forecasts for 2021E and 2022E. As would be expected,
this drives substantial EBITDA (20%, 61%) and EPS (31%, 75%) upgrades over
the respective periods. The expectations of strong cash generation for the next 2-
3 years leads to an average price target increase of 17%.
A small 1% reduction to our 2020 gold price forecast
For 2020 we slightly reduce our gold price forecast – reflecting the relative
weakness in prices in April. We expect the band that gold trades in to trend
gently upwards over the balance of 2020. Net, this translates to an average price
of US$1,687/oz vs our prior US$1,700/oz forecast. Some of our coverage group
will see this partly mitigated by the effect of further local currency weakness.
Centamin moves back into ‘Buy’ territory
We have increased our target on Centamin by 9% to 185p, which gives the stock
an estimated 18% upside to our revised target. We therefore upgrade Centamin
to a Buy rating (from Add) and would build exposure to the stock.
Serabi offers substantial leverage to gold price strength
The combination of ongoing Real weakness and gold price strength means that,
despite reduced mining rates, we expect Serabi to improving cash flows. Our
target moves to 150p. With 80% upside we reiterate our Buy recommendation.
Petropavlovsk offers a period of very strong cash generation
The extended gold price strength means we see Petropavlovsk net cash positive
during 2023. We expect upside beyond our 31p price target as the IRC guarantee
falls away, potentially warranting a re-rating of the shares.

sorry typo in last post should read "the official regulator"

Daniel,
An interesting observation indeed and from what you have stated may well justify an appropriate explanation from the officail regulator.
if you have taken the trouble to make a record of your observations then why not express your concerns to the London Stock Exchange via the link on their page, all such concerns are treated in confidence.
Perhaps some of our Canadian /Australian members may also care to check if any such regular suspect activity takes place on their TSX and if so then they could also raise their concerns.
Another option in the first instance is to make Centamin investor relations aware of your observations and ask them if they have any explanation.

https://www.bankofengland.co.uk/monetary-policy/quantitative-easing

Quite so Daniel, all part of the manipulation in supposedly regulated markets!
This is why it is so difficult for the little people to make a profit!

Jun. 17, 2020 5:59 AM ET|By: Yoel Minkoff, SA News Editor

The Fed's moves to backstop credit markets, combined with a rebound in U.S. retail sales and prospects for COVID-19 treatment dexamethasone, appear to have put a floor under equities (for now) as futures rose another 0.4% in overnight trading.

It follows several days of turbulence fueled by a cascade of news about fresh coronavirus infections and its impact on the global economy.

In his semi-annual monetary policy report, Fed Chair Jay Powell told lawmakers on Tuesday that the path to recovery remained uncertain, and he'll testify for a second day today before the House Financial Services Committee.