Member Info for mrtibbles

With plans to shift some of its production to Europe, Harley-Davidson (NYSE:HOG) is defending its actions against the tweets of President Trump. "We'd rather not make investments to address these regulatory hurdles and take the profit hit, but we are doing so to protect European riders and our dealers." Retail sales of Hogs in Europe, the Middle East and Africa rose 7% in Q1, while U.S. sales sank 12%.

Big respect to China !

Iran buying of gold increases!

https://www.bullionvault.com/gold-news/gold-iran-062820184

In the first 3 months of 2018 alone, household gold coin and bar demand in Iran reached almost half of last year's total.

Having shut down gold coin sales until January, and then limited consumer purchases in April, the Central Bank of Iran last weekend announced new moves to try and stem the consumer flight into gold coins, selling contracts for future delivery of bullion through the stock market.

Iran today said it has restarted uranium production at a "major" facility.

"I don't think even one of the 81 million Iranian population believes that Iran should bow to the aggressor, liar, impolite and insulter, and accept his words," President Hassan Rouhani said today of US President Trump.

Benchmark gold prices in Shanghai meantime held unchanged as China's Yuan currency sank to new 7-month lows on Thursday.

No.2 consumer nation India saw its Rupee fall to new all-time lows against the Dollar, driving up local gold prices and forcing domestic wholesalers to offer wider discounts.
https://timesofindia.indiatimes.com/business/india-business/why-rupee-hi...

Asian stock markets fell again and European equities erased yesterday's bounce.

Comment from the Bank of England about UK businesses growinganxious over Brexit uncertainty meantime saw the Pound fall hard on the FX market.

That helped the UK gold price in Pounds per ounce reverse this week's prior £10 drop to £947.

With Turkey's talks about joining the European Union now at a "standstill" according to EU ministers worried by Ankara's increasingly authoritarian politics under re-elected president Recep Tayyip Erdoğan,embattled German chancellor Angela Merkel today praised Turkey ahead of an EU summit on immigration, asking the European Council to pay €3bn to help "in overcoming the challenges of having over 3 million Syrian refugees."

Whilst the share holders feel the pain of the boards failure to manage a specialist contractor properly!

28 Jun 2018,
10:15
Rem Policy Update & Director/PDMR Share Awards
http://www.centamin.com/investors/regulatory-news

Re and if we were to get rid of banks lending 10 times their cash, an end of credit, the economy as we know it and a return to the 14th century.

We wouldn't return to the 14th century!

Yes please let's get rid of the unfit for purpose economy as we know it now, far too much have it now pay later,not pay at all, or even have it with no intention of paying for it!

Let's also shut down the Wide Boys futures scam of selling what doesn't exist or you don't have and let's only permit trades that have to be honoured with real physical delivery, be it gold.bent washers or anything else!

The futures markets trading has developed into a scammers casino .let's shut it down and that will show just how better off we would all be without it!

Rebess, please accept my compliments,
A most appropriate and excellent appraisal of the "Pyramid" scam being run on the markets!
But as some of us know changes coming and try as the might the wide boys running he present scam are going to have the paper rug pulled from under their feet.
Although as you point out some of biggest manipulators have access to the markets and privileged information when the majority of ordinary investors are kept out!
So sadly it is not those stinkers who will pay the price, but as usual the ordinary people!

Re -Banks have been able to lend 10 times more money than they have as there will only be a call usually on a small part.?

What an utterly reprehensible,irresponsible and arrogant attitude to risk with our money our banks still have then!

Especially so considering that the City bankers caused the 2008 financial crisis with such attitudes meaning the people not only had to bail them out with QE but also suffer over ten years of austerity measures!

Futures are similar. Most buyers of futures do'nt want physical gold, most sellers do'nt have any to sell. This is similar to wheat or coffee, instead they are both taking a view on the future price and will settle financially. They benefit by being able to speculate and the market benefits by having far more liquidity to find the price?

The above paragraph just about sums up everything that is unethical, wrong and representable about the manipulated self serving system which is inhabited and run by a bunch of conniving wide boys under the guise of being a regulated financial industry..

If it were a high street "Bookies","Casino" or Bingo Hall it would have been closed down by now

With the piece below

Many retail investors are somewhat frustrated and puzzled why the management boards of more mining companies aren't challenging the obvious precious metals price manipulation that goes on every day despite the detrimental effects it has on the price of the ore they produce and their companies market cap’s

Although to be fair Keith Neumeyer CEO of First majestic Silver has spoken out against the silver price manipulation that goes ion the precious metals markets.
https://www.silverdoctors.com/silver/silver-news/mining-ceo-predicts-130-silver/#more-79069

https://www.firstmajestic.com/

https://www.youtube.com/watch?v=dIKj12_8i3Y

You may recall that I sent you some information recently regarding a British Politician Mr Jeremy Lefroy MP is asking for information regarding the manipulation of silver prices

The R.H. Jeremy Lefroy MP
https://thedailycoin.org/2018/06/04/silver-manipulation-coming-to-fore/

There is a growing consensus that questions from retail investors to Centamin which are regarded as being a little continuous never receive any acknowledgement or any answer.

It was an appalling professional failure by the Centamin management that adequate back up was not in place to ensure uninterrupted underground production output at Sukari for which the share holders are now paying a heavy price.

From ongoing and recent events it appears to retail investors that lethargy, complacency and burying heads in the sand is the strategy of the Centamin management board at Sukari.

Perhaps a way for the Centamin management to regain some lost credibility amongst share holders would be for them to challenge the ongoing gold price manipulation, ideally by joining forces with other miners and presenting the readily available evidence of precious metals price manipulation to the regulators.

The present gold price suppression is denying Centamin of a fair gold ore price and Egypt a fair price for its natural resources, also a very valid reason why this challenge should be made

Please find the article below posted by a fellow investor (who is stall awaiting answerers from IR)

Yours Sincerely

I have asked the question of investor relations.

I the meantime I urege anyone who has question sto put them to alexandra.carse@centamin.je and also centamin@buchanan.uk.com.
The latter gets to the PR agency as well, so they should be able to respond faster.

Please keep record or your questions and if you don't get a reply then I will try for you, if that gets no response then I shall ask questions on the next telephone conference call in in session when the quarterly report report is given.

For far too long these telephone call in session have given priority to the analysts

The analysts aren't the ones investing their money into Centamin and yet they are given priority over us the retailer investors,I have been fobbed off in the past during one of these sessions..

We need some answers and the Centamin management should give them instead of hiding behind the same old cut and paste statements

We know they have spent millions of dollars digging a hole in Burkina Faso, so what, where is the gold?

We know that the production guidance is down this quarter and probably for the rest of the year because of the failure of the Centamin management to supervise the specialist contractor Barminco and mitigate the risk to production from the underground mining area at Sukari by having adequate back up equipment in place, this is just not good enough!

The management should give share holders more information on thr outstanding court case and explain why they are putting up with the inexcusable delay in getting the case resolved,because in reality

Centamin is guilty of no wrong doing because the concession agreement has been adhered to and is perfectly valid.

Cut and paste statements or excuses that legal proceedings can be lengthy in Egypt are really not good enough.an more!

Did you ever get your questions to IR answered?

Very selective reporting.

Completely blinkered to Geopolitical influences.

Couple of insights from he previous link I posted…

With US/China Trade war escalating into emergency measures overnight, the dollar on the back foot & with the COT report evidencing specs loaded net long DX for the 1st time since July 2017, & by Friday these same specs had moved net short GC and SI creating the recipe for a volatile turnaround!..

China had undoubtedly sanctioned the move by Russia to sell 50% of its treasury holdings & converting $50 billion of USD into gold.

China is holding a much larger $1.4 trillion of US debt and given the current military and economic escalations, China can at any time play a similar hand to their advantage.

So Gold may well move front and centre onto the world stage.

But he big question is who will revalue gold 1st, China or the west?

Also If certain events materialise then precious metals ETF funds will be unable compete in the new market place!

At present ETF's are locked into Inescapable counter party risk, as well as incurring holding costs with chance of taking physical delivery!

this morning momentums in paper selling are blinkered to the underlying strong physical demand, however, ALL commercials are taking the long side to hedge their physical exposure risk!

Sent on Monday 05/12/2016 1619 hrs addressed to the LBMA financial journalist who published the article, however they have never replied.

Why not

Could it be the LBMA is not acting with the impartiality it should and is the FED's Poodle?

Re Despite the short-term advance the rest of the factors arrayed against gold look bearish,” INTL FC Stone analyst

Edward Meir said. –
Take with a large pinch of salt anything issued by analysts, Reuters, Bloomberg etc about what's really going on with the gold market both the real physical market and the western paper market.
They and their machines have control of the paper price. For now!

For the analyst Edward Meir below to describe gold as "drifting lower" is laughable.
Zerohedge has an article flagging the $3.5bn notional naked shorts puked up today as "gold has been monkey hammered". No drift there.

Will the LBMA ever disclose the real actions taking place in the gold market?

The reality of the situation today was-

The lower gold price was "fixed" hours before London opened this Monday morning.


Manipulation Conspiracy Theorists
No answer from LBMA since 2016
Sent on Monday 05/12/2016 addressed to the LBMA financial journalist who published the article, however they have never replied.

As Alistair Macleod and others keep pointing out London and Comex are becoming less and less relevant to the physical market as they are primarily trading paper between the cartel banks and gambling hedge funds taking the other side?

All the new exchanges like Shanghai, Dubai etc are physical gold backed. Notably the new Islamic standard is not expected to allow paper futures trading. These markets have credibility tied to the physical supply and demand.

At some point this will break the paper illusion!

It is very evident that those who claim that the market manipulation is the fantasy of conspiracy theorists never actually produce any evidence to prove that their case?

“The Swiss refiners (that refine 75% of the world’s gold), these are the guys who know what’s going on, they’re saying that they haven’t seen a June demand for gold like this since 2013, and we saw a big rally ensue afterwards (in 2013). That was after the April smash, when Germany (shortly before the smash) had asked for their gold back (from the Fed) and they were told it was going to take something like 7,000 days to get a mere 300 tonnes back.

But remember it is a Monday and the LBMA will be fixing the price this morning!

Some highlights from last week-
Wednesday , with DX still elevated and the correlated algo’s 1/1 selling GC vs DX, Momo’s continued to add large supply into very strong underpinning physical demand. Bearish Comex centric sentiment and retail coin demand has reached bearish extremes into the polar inverse ‘on fire’ strong Asian kilobar demand backlogging full capacity refineries and headed to China and India…….

The backlog is so severe the Chinese May purchases only start to exit next week!

This June condition reported by the refiners yesterday as not experienced since 2013.!

The paper to physical market disconnect is now also at an extreme levels!

Drilling down a little, the obvious short-term bear algo’s suggest GC & SI still has a little work to do, but COT’s have been on the long side of specs since Friday and both GC and SI are coiling for a physically driven catch-up move!
For those that missed it-
https://kingworldnews.com/breaking-andrew-maguire-audio-interview-has-now-been-released/

If retail investors(That's us) want to ask questions of the management team for themselves then they should really channel all enquiries through Alex Carse (alexandra.carse@centamin.je) and also copied in to centamin@buchanan.uk.com

This way you should get an answer to your question or a reason why anaswer cannot be given at that time

Don't be shy as investors you have every right to ask questions.

Please be sure to put all your contact details etc.. on your email or they won't reply.

https://kingworldnews.com/breaking-andrew-maguire-audio-interview-has-now-been-released/

China now has three time the gold bullion than the USA!

Trump is digging himself a hole and the dollar!

Dr. Leeb is a registered investment adviser and has been managing big cap growth portfolios since 1999. Over the last decade, his independently-verified performance record has been ranked in the top 5 percent among peers according to Informs PSN manager database. Dr. Leeb is a New York Time’s Best Selling author, eight books total on investments and financial trends. His latest book, Red Alert: How China’s Growing Prosperity Threatens the American Way of Life (Business Plus, 2011).
https://kingworldnews.com/dr-stephen-leeb-6-21-2018/
“Gold is key to the next monetary system!”
“All Swiss refiners are now fully booked out on all gold kilobar production until the end of July. Also, there is reliable feedback that China has been quietly forward purchasing (large) tonnage of refinery production since May and utilizing spot index positions to settle at delivery. With refinery order books now full for 2 months out, each day gold stays below $1,300, more tonnage orders are spot-indexed for delivery. And with order books already full, this backlog was already threatening to extend out into August.
Stay Disciplined
The sentiment in the mining shares is extremely negative right now and that is very bullish from a contrarian perspective. If you are accumulating physical gold and silver, just continue to purchase at the normal times each month if you are dollar cost averaging. Don’t be distracted by the manias in paper markets. Instead, stay disciplined and don’t try to outsmart the market as you continue to accumulate. For those of you who are accumulating your favorite high-quality mining shares, continue to dollar cost average in June.

I agree with Rebess, keep posting Ampthillmob !

Hi Sotolo, Firstly I am sorry to see you leave the board, hopefully like me just for a sabbatical break! Having said that I fully understand how you feel about your shares, I think the biggest frustration is that we all try do the research,make a decision and based on what we know we should be doing the right thing, but in reality we never really have the access to all the behind the scenes information.. Unfortunately politicians in any country are never really honest with the people and they all put party loyalty before the best interests of those they are supposed to represent, so they are quite hippy to go along with the market manipulation if it hides their policy making incompetence and keeps them on the political gravy boat! Possibly the days of long term investors like many of us are gone, the markets are run for trading now and the system is set up for maximum continuous share churning, and the control of this is far beyond any of us! I have never doubted that you have a very considerable Centamin holding, nor have I am sure your other friends on here, we have all been in this long enough to recognise those members that are genuine from the fake that pop up now and then. Tibbs

It is easy to be critical of those that predict a gold rises, in a fair market it would hough, although I agree some pundits may be self serving, but some tell the truth Just look at what gold is up against a very powerful cartel with inside information that is desperate to keep the status quo!