Member Info for mrtibbles

https://www.bullionvault.com/gold-price-chart.do Don't get too depressed Sotolo,remember the likes of Back Rock are in the Fed's pocket anyway,! take what they say with a pinch of camel dung, it stinks less than they do!

Careful chaps or you will become a cranky like me! We believe the lack of direction is the lull before the storm. In my last article, I pointed that gold speculators are at record short, even though we are not seeing any selling pressure in the price of gold. Now, last week’s COT report showed that commercial category of traders, which includes miners, jewellers, producers and merchants, have covered their short position by 30,000 contracts. Now, this is interesting, as there was no real action in the price of gold last week. Read more at: //economictimes.indiatimes.com/articleshow/64669510.cms?from=mdr&utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Careful you will be as cranky as me soon! But you have raised a very relevant point!

Try not to worry too much about the gold price I hav been informed there has been some major skulduggery going on to cause a bit of panic.ist i should have some more details later in the day. Although please remember that the markets can be trusted, there is a surplus of gold and I am a manipulation conspiracy theorist! Cranky Tibbles

You have to realise that the 3km is a complete red herring. The proof of license submitted by CEY at the end of last year is for the whole 160km. This has been acknowledged by the admin court and all of the judges in the supreme court - if this was not so Cey would not have been able to have continued mining, which does as we speak. There is a lot of noise around what the arguments are about, almost all of them wildly inaccurate, this being probably the most farcical of them all. Cey has and continues to adhere to all of the conditions set in the original rule of law when they were granted the license. If they have transgressed this they would have been shut down a long time ago, let alone having spent over t$1bn on building Sukari.

Being in Egypt gave me a golden opportunity to talk to people who know a lot, or talk to people who know people who know more. I never post anything based on what I “hear” to avoid any responsibility, but it seems like some of the things that I heard are materialising now.. Mr.Al-Raghy submitted a document to president Al-Sisi about what was stopping Centamin investors from exploring more , and after Al-Sisi's assistant's – Mr.Mehleb- visit last week, the petroleum minister was asked to pay an urgent visit to the mine on Thursday 2nd March to listen to Centamin management in order to find solutions, then the minister will report to president Al-Sisi. The details are in the following link: https://www.soutalomma.com/515375 And now take this... For the first time since the court case started, Centamin has finally released the SIGNED copy of the exploitation contract. For the first time ever, Al-Ahram news agency, which is classed as the state/government news agency, has exclusively published 3 crucial documents, the first one is the signed copy of the exploitation contract for the 160km area signed by Sameh Fahmy the petroleum minister on 24/5/2005, the second document is the detailed map of the 160km area also signed by him on the same day, and the third document is the full T&Cs of the concession (law 222 year 1994) with every single detail about the agreement agreed by the parliament and president Mubarak. The details are in the following link: (Everything is in Arabic and English, but if it does not open on your mobile, you may need to open it on your desktop/laptop to access the PDF files) http://gate.ahram.org.eg/News/1396152.aspx Everything above is 100% correct and I heard about them a few days ago from very very reliable sources, and from what I heard, we could expect more to come soon..

Egyptians who are found guilty in these proceedings cannot appeal. Mr Sisi’s real motive may be to block the promotion of judges who irritatingly rule againt him. Yehia al-Dakroury, who had been expected to become chief judge of the State Council in July, ruled against the president’s handover of the islands. Anas Omara, who was next in line to lead the Court of Cassation, revoked the Brothers’ death sentences (he would also have chaired the electoral commission). During his three years in office Mr Sisi has dismantled most checks on his power. Protests are banned. Harsh laws limit the activities of NGOs. Critical media outlets have been shut down and muckraking journalists locked up. Even al-Azhar University, the Islamic world’s most prestigious centre of learning, has come under pressure. Another bill in parliament threatens to impose greater government control over that already tame institution. Judges in Egypt persevered after Gamal Abdel Nasser, Egypt’s old dictator, purged nearly 200 in 1969. They extracted concessions during the 30-year reign of Hosni Mubarak, such as the power to supervise elections. But in Mr Sisi they may have encountered their stiffest challenge yet. http://www.economist.com/news/middle-east-and-africa/21721657-latest-effort-muzzle-independent-bodies-sisi-takes-egypts-judiciary

There is no more info out other than what I found yesterday, so everyone would try to guess the reasons behind the SCC's decision. At the end of the hearing yesterday, the SCC just announced the decision, there was no explanations or reasons, and as it sent it back to the commissioners, there was no date set for the next hearing. As you all know, the commissioners report is advisory, the court could ignore it, as we have seen before in CEY case at the administrative court, also the SCC does not have to listen to arguments from both sides, the court would only listen to the lawyers if the court thought it was necessary. My thought is that maybe the court saw some good legal points in the argument of the lawyer defending law 32, he raised two massive points (the right to file the case and the validity of the parliamentary approval). The lawyer defending law 32, Mr Shawky Elsayed, is one of Egypt's top constitutional experts and he is used to appear in top cases, he even represented the owner of Madinaty. The commissioners report was so negative and anti law 32 and raised many points, so maybe the SCC found it too hard to ignore it and brush it aside, especially with law 32 not going down very well with many people.. so may be the court decided to refer the case back to the commissioners, with the points raised by Mr Elsayed, for them to have another look and consider his views. It would look much better and would be accepted easily by everyone if both could agree on the decision, whether it was to approve or not. I personally was expecting the SCC to find law 32 unconstitutional and cancel it, especially after reading the commissioners report, but now and after yesterday's development, I'm not sure, because if that was the court intention and with the commissioners report recommending so, they could have easily adjourned for next meeting and ruled to cancel it, for them to send it back it could only mean that they are still thinking about it. All this is just pure guessing and my personal thoughts, so I could be totally wrong. I will keep my eyes peeled.. Influencing The Courts a la Sisi Many Egyptians are outraged. “Judges have their own will, and they will impose it through the rule of law,” said Mohamed Mansour, the head of the Judges’ Club. Some have threatened to strike. Members of Egypt’s State Council say that they will not supervise the next parliamentary elections. The Supreme Constitutional Court could even reject the law altogether, setting up a showdown with the president. Defenders of the bill argue that the government needs more powers to fight terrorism. Trying suspects takes “five or ten years”, which allows them to “give orders from their cells”, Mr Sisi complains. But under the state of emergency, declared after two church bombings in April, Mr Sisi already has the power to try civilians in special courts which he runs. Egyptians who are found guil

RE: Court Case Update Today 11:29 The SCC has listened this morning to both sides regarding law 32 , the state side is arguing that law 32 case should be rejected as the people who filed it lacked the status and interest according to the law, they also said that the law came to protect the Egyptian economy and did not interfere with the independence of the judiciary. On the other hand, Mr Khalid Ali, ECESR lawyer who filed the case, agreed with the commissioners report. The SCC has not decided yet as the session is still on, but expect an adjournment..

Commissioners: L32 UNCONSTITUTIONAL Today 08:42 https://cms.shorouknews.com/news/view.aspx?cdate=27032017&id=43e23d70-2608-44d9-9e44-e71ec7eea937 http://www.dostor.org/1348988 http://www.elwatannews.com/news/details/1960719 http://www.elwatannews.com/news/details/1960899 The commissioners have submitted their report regarding law 32 to the SCC. They recommended the unconstitutionality of the whole of law 32. The SCC has set the 6th May to consider the case. The commissioners filed a report of 175 pages explaining the reasons behind their recommendation. The main points were: The law was not approved by two thirds of the MPs, as it was only approved 374 out of 596 MPs. The law violates the right to litigate. The law represents interference in the affairs of justice and an attack on the independence of the judiciary. Time scale The SCC does not normally rule on the first date, it normally takes one or two sessions. In the demonstration law the ruling came 2 months after the first date. The first one was in October, and then they had another one in November, then the ruling in December. If the SCC agreed with the commissioners, then law 32 would be cancelled, so the CEY case would go back with the SAC. As we know the case is suspended now, the next step would be for one of the two sides to apply to restart the case; the SAC sets a date and starts again wherever it stopped before the suspension. If the SCC ruled invalidating law 32 around June, it would be Ramadan and the beginning of summer holiday in Egypt where courts are kind of closed and normally reopen in Sept-Oct, and that's when I think our SAC case could restart, but I have no idea how long it could take. In ideal world you would think that the SAC had suspended the case when they collected all the necessary information for the ruling, so really it should not be long. The only thing I could think of that could cause a further delay would be if the members of the SAC changed by then as of course new ones may need time to look at the case again, but as we know this is the Egyptian legal system and nothing is logic when it comes to time. Once again, all this would happen IF the SCC agreed with the commissioners regarding invalidating law 32, and to be honest I think they would because their report is too bad.

LAW 32 original post by Siko 06 March 2017-05-06 http://qary.net/egypt/331304.html http://www.s777.org/Msr/2017830.html The available information so far is that the lawyer defending law 32 argued that the claimants, represented by Mr Khalid Ali, did not have the status nor the interest to file such case, and asked for the case to be adjourned in order to reply to the contents of the commissioners report which stated that they did have the right to file such case, also to reply to the commissioners claims invalidating the voting at the parliament which approved law 32. He also stated that law 32 was issued to protect the economy and the stable legal positions, and did not contradict or restrict the judiciary, and all these points were confirmed in the commissioner’s report submitted to the Administrative Court The SCC then decided to send the case back to the commissioners.

is required- Sparkle & Rebess, I agree and of curse I can think of another one that would be paying them 8% on some of their spare cash!

Some typo's below, but as you know impossible to edit on here!

Hi Sotolo, If you recall Centamin in the past had always understated what to expect and then surprised the market, we were delighted and the market took its court case discount (18% plus some) knocked a few pence off because they always do and then very begrudgingly through gritted teeth clicked the share price up a few notches! So then it is understandable that the RNS announcing ridiculed guidance came as such a shock to us loyal long term investors, but it he market saw it as an opportunity to churn the shares with an initial hard spanking and then as the days past stick the knife in, gave it and give it a good kick in the crutch, plus a bit of court case discount! Contrary to what some would to have us believe the market doesn’t care a jot about performance, the market is geared up to trade and this is an opportunity to churn the shares up and down to the max and some, so spank spank spank, lot's of lovely trade's! Then of course take matters seem even worse by throwing in a bit of panic regarding the surplus overpriced gold bullion laying on pallets stacked to the ceiling in vaults that nobody want to buy! But in spite of all this, I think most of us agree that in the past Centamin has always understated the upside of each quarter and the over delivered! So on this occasion what if Centamin has overstated the reasons for the reduced production guidance and then over delivers? Think about it- The LHDR is back up and running and no doubt now has plenty of spares on hand! An additional LHDR has been ordered and when it arrives will offer not only immediate back up in the case of breakdowns but can also stand in and carry on drilling whilst the other LHDR is being properly maintained. I am no mining expert but this may mean that the mining crews will never actually catch up with drilling so no major production stoppages due to LHDR down time in the future! The lower transitional over ground grades are no big deal, over ground production progress is already ahead of schedule and beneath the transitional grades lies at least five years worth of excellent high grade ore! The new crusher is in the final commissioning test stages and once running could well boost production output. We now know the situation with the diesel and may even get a refund on the disputed years of subsidy if the court rules in Centamins favour. If the court case is settled or Law 2 ratified then the SP then the share price could well rise 18% or more... Gold prices will more than likely rise again. Look at CEY share price this morning, absolutely ridiculous considering the amount of gold that Centamin will churn out in the future!

I have contacted them this morning and gor a very prompt reply Centamin said that Q2 was going to be difficult though as we approach the start of Q3 there should be a strong recovery back to the normal production which Sukari can deliver! Kind regards

BIS latest to warn on cryptos Jun. 18, 2018 3:25 AM ET|By: Yoel Minkoff, SA News Editor Cryptocurrencies are not scalable and are more likely to suffer a breakdown in trust and efficiency the greater the number of people using them, according to the Bank for International Settlements. "Not only does this call into question the finality of individual payments, it also means that a cryptocurrency can simply stop functioning, resulting in a complete loss of value," warned the central bank of central banks. Bitcoin -0.1% to $6,437.

Equities across the globe are flashing red, with oil and the dollar under pressure, following Beijing's rapid retaliation after the U.S. pushed ahead with $50B in tariffs. "China does not want the trade war, but facing a capricious Washington, China has no choice but to fight back vigorously in defense of its national interests, the trend of globalization and the world's multilateral trading system," according to commentary in the state media Xinhua. "When it comes to defending national interests, China means business."

Started started out with good intentions but unfortunatlty they have been infiltrated by the pro manipultaors!. It is already cheaper to institutionally store physical gold in the ABX vaults than GLD. The opinion amaongst some precious metals traders is that ETF’s may well become obsolete after events later this year due to Inescapable Counterparty risk as well as a cost to hold and no chance of taking delivery.!

Influencing The Courts a la Sisi Many Egyptians are outraged. “Judges have their own will, and they will impose it through the rule of law,” said Mohamed Mansour, the head of the Judges’ Club. Some have threatened to strike. Members of Egypt’s State Council say that they will not supervise the next parliamentary elections. The Supreme Constitutional Court could even reject the law altogether, setting up a showdown with the president. Defenders of the bill argue that the government needs more powers to fight terrorism. Trying suspects takes “five or ten years”, which allows them to “give orders from their cells”, Mr Sisi complains. But under the state of emergency, declared after two church bombings in April, Mr Sisi already has the power to try civilians in special courts which he runs. Egyptians who are found guilty in these proceedings cannot appeal. Mr Sisi’s real motive may be to block the promotion of judges who irritatingly rule againt him. Yehia al-Dakroury, who had been expected to become chief judge of the State Council in July, ruled against the president’s handover of the islands. Anas Omara, who was next in line to lead the Court of Cassation, revoked the Brothers’ death sentences (he would also have chaired the electoral commission). During his three years in office Mr Sisi has dismantled most checks on his power. Protests are banned. Harsh laws limit the activities of NGOs. Critical media outlets have been shut down and muckraking journalists locked up. Even al-Azhar University, the Islamic world’s most prestigious centre of learning, has come under pressure. Another bill in parliament threatens to impose greater government control over that already tame institution. Judges in Egypt persevered after Gamal Abdel Nasser, Egypt’s old dictator, purged nearly 200 in 1969. They extracted concessions during the 30-year reign of Hosni Mubarak, such as the power to supervise elections. But in Mr Sisi they may have encountered their stiffest challenge yet. http://www.economist.com/news/middle-east-and-africa/21721657-latest-effort-muzzle-independent-bodies-sisi-takes-egypts-judiciary

07.05.2017 There is no more info out other than what I found yesterday, so everyone would try to guess the reasons behind the SCC's decision. At the end of the hearing yesterday, the SCC just announced the decision, there was no explanations or reasons, and as it sent it back to the commissioners, there was no date set for the next hearing. As you all know, the commissioners report is advisory, the court could ignore it, as we have seen before in CEY case at the administrative court, also the SCC does not have to listen to arguments from both sides, the court would only listen to the lawyers if the court thought it was necessary. My thought is that maybe the court saw some good legal points in the argument of the lawyer defending law 32, he raised two massive points (the right to file the case and the validity of the parliamentary approval). The lawyer defending law 32, Mr Shawky Elsayed, is one of Egypt's top constitutional experts and he is used to appear in top cases, he even represented the owner of Madinaty. The commissioners report was so negative and anti law 32 and raised many points, so maybe the SCC found it too hard to ignore it and brush it aside, especially with law 32 not going down very well with many people.. so may be the court decided to refer the case back to the commissioners, with the points raised by Mr Elsayed, for them to have another look and consider his views. It would look much better and would be accepted easily by everyone if both could agree on the decision, whether it was to approve or not. I personally was expecting the SCC to find law 32 unconstitutional and cancel it, especially after reading the commissioners report, but now and after yesterday's development, I'm not sure, because if that was the court intention and with the commissioners report recommending so, they could have easily adjourned for next meeting and ruled to cancel it, for them to send it back it could only mean that they are still thinking about it. All this is just pure guessing and my personal thoughts, so I could be totally wrong. I will keep my eyes peeled..