Member Info for mrtibbles

Thank you Steve, I appreciate that you are well informed and more knowledgeable than some on such issues , however there are those who for whatever reason aren't so my post was just to help them understand a little better.

What a disparity in the two jobs reports released this week. Yesterday ADP released its private sector payrolls for June which came in more than twice the estimate of economists polled by the Wall Street Journal. Economists had forecast that the report would reveal that 220,000 jobs were added to private sector payrolls last month and the actual numbers showed that 497,000 jobs were added.

Today the Bureau of Labor Statistics (BLS) released the nonfarm payrolls report for last month. Economists polled by the Wall Street Journal had forecast that the report would show an increase of 240,000 jobs were added. However, the actual numbers came in below that at 209,000 jobs were added in June, the smallest increase since 2020.

The softer employment numbers most likely will not be enough to change the resolve of the Federal Reserve as they consider raising rates at the next FOMC meeting. In addition, the rapid rise in wages adds to inflationary pressures. The lower numbers did not change market sentiment as to whether or not the Federal Reserve would implement a rate hike of ¼% at the end of the month.

In light of that, gold traded significantly higher. As of 5:40 PM EDT, gold futures basis the most active August contract is fixed at $1930.50, up $15.10 or 0.79%. On the surface, this might appear as though traders actively bid the precious yellow metal higher which is not precisely accurate. The dollar had a strong decline losing 0.93% taking the index to 101.91.

https://www.kitco.com/commentaries/2023-07-07/Gold-prices-gain-as-jobs-report-comes-in-well-below-yesterday-s-ADP-report.html

In this week’s episode of Live from the Vault, Andrew Maguire is joined by Danielle DiMartino Booth, financial author and founder of QI Research, to address UK and US policy-making, before turning their attention to the wider geopolitical arena.

The two industry experts contrast the Federal Reserve’s stance on gold as an asset class with that of global central banks, and investigate who benefits from the conflict in Ukraine and escalating tensions between Taiwan and China.

https://www.youtube.com/watch?v=1jljE0L_ACg&t=25s

There will always be a cost for waste clearance , but nowhere near the present which is really a catch up for near on a decade of near on non existent waste clearance and high grading, that said after this major clear-up which in essence may be regarded as a re sculpting of the open pit workings including the creation of additional and far easier access to the very important underground workings, so yes there will be a waste clearance cost but at far more manageable levels.

Hi Paul,

Its the clearance contact that's the brick on the share price now!

Once cleared and barring any unexpected bad news at these gold prices the SP rise should be quite dramatic!

Hi Cowicahn,

To be honest I just expect this share price to go down every day now, so any rise is a nice surprise!

Nothing is ever simple in Eygpt it seems its mainly 'Jobs for the boys!" I very much doubt there will be any gold being mined from any of these new concessions for many years, if ever at all!

Delighted to be proved wrong of course!

Until we get rid of the cost of clearing "Pardey's pile of crap this share price is buggered!

Nothing from FTI Consulting as yet ?

centamin@fticonsulting.com yet, more jobs for the old pals?

They are forever changing their opinions on gold, likely because they don't really know and only care about shuffling the indices anyway!

(Kitco News) - The Federal Reserve's solidly hawkish stance on monetary policy is sapping momentum from the goldgold market, with one bank seeing prices holding relatively steady through the rest of the year.

In an update of their price forecasts, commodity analysts at Bank of America have downgraded their average annual price targets for precious metals across the board.

Looking at gold, Bank of America sees prices now averaging the year around $1,923 an ounce, down more than 4% from their previous average of $2,009 an ounce.

https://www.kitco.com/news/2023-07-06/Bank-of-America-downgrades-gold-silver-prices-for-2023-as-Fed-rate-hikes-keep-investors-away.html

The first Thursday of each month is invariably sandwiched between two job market reports, namely the ADP private sector payrolls report — released by human resources and management software and services provider Automatic Data Processing (NASDAQ: ADP) — and the Department of Labor's monthly non-farm payrolls report.

Invariably, both the reports move the markets, and are therefore termed as first-tier reports.

Ever wondered why two reports capable of spooking the markets come out within a gap of a day?

https://finance.yahoo.com/news/adp-report-differs-nfp-report-185002989.html

https://www.bullionvault.co.uk/gold-news/us-jobs-adp-040220144

https://ibkrcampus.com/traders-insight/securities/macro/non-farm-payrolls-vs-adp/

Be nice to see Martin Horgan buy a million, after all he did say they were very cheap a these prices!

Hi Paul,

I hope that you are still enjoying your garden!

Our golden flip flops must be very dusty now considering how long they have been buried under all that open pit Pardy crap !

Doesn't natter how many analysts put a spin on this or how many more slick presentations on what might be take place, we need some measurable progress and a finishing date for the waste contact, that's what's killing the share price because market confidence has been well and truly destroyed by the previous bunch of carpet baggers running Sukari!

So come on Centamin or FTI consultancy let's have some news!

Best

Tibbs

Of course he is smiling when considering the nice little earner Capital are on for clearing away a decade of Pardy crap at Sukari!

Thing is how much longer before this gargantuan task is finished!

Thank you Cowichan!

It would make sense to re-join the EU, \although I doubt we will get the same generous rebate deal we before the Liars and the other Brexiteers s persuaded the gullible, stupid and lazy to vote to leave !

Gove used to talk about "A Golden Age" post Brexit, so where is it?

The UK is now "The English Patient !" of Europe!

Hi Nunquam,

Thank you for the link to your thoughts on why its almost impossible to get to see a GP, I hope everyone here has a look at it and then contacts their MP to try and get something done!

Tibbs

Hi Nunquam,

Firstly thank you for your compassion and dedications t to helping others by returning to work during the pandemic!

Only wish we could dump our local primary health care trust which is hopeless , Ive have had 4 different GP's in as many years and only ever met one and all she cared about was going over the 10 mins slot !

By the way please do keep riding the Honda, there are some member in our local Vintage Motor Cycle club who are in their eighties and one chap of 92 who still rides his BMW!

Hi Deffo,

Firstly welcome to the LSE forum and sorry for my late response to your really informative summing up of your Covid experience in Asia.

What the Covid pandemic in the UK did expose was the dire state of the NHS due to over two decades of deprived of proper funding ,being split up into far two many trusts running their own each individual empires, the appalling amount of waste though disjointed purchasing procedures, the effects of back door privatisation, the insufficient funding and so much waste brought about by bad and poorly coordinated purchasing , albeit some of this being wasted by lack of joined up coordination, common sense, and the arrogant attitude of some NHS staff who are too busy being professional to do anything they regard as menial, and those who spend far too much time selling their services consulting and nursing n the private sector, as the lack of orderlies and auxiliaries in posts to support the more qualified staff!

The government was forced to admit the NHS crippled and unfit for purpose even before the pandemic and in order to try and save political face decided to employ tactics similar to those used in WW1 & WW2 by encouraging people to stay at home and suffer and only to venture out on mass each Thursday evening to bash post and pans together in the streets, unbelievable but true!

Basically people where sentenced to nearly two years incarceration n at home many in complete isolation and those who where foolish enough to register for the NHS app had their movements monitored 24 hors a day by staff who could have been better employed elsewhere

I am not saying the virus didn't exist or that it be taken lightly but incarceration and lock downs are no solutions, the after effects are as bad even worse as the pandemic itself, our politician where are this was coming f for years previously but chose to be complacent and did nothing!

https://www.medicalbuyer.co.in/britain-writes-down-nearly-15b-pounds-on-covid-ppe-gear/

https://fullfact.org/health/rmt-nhs-test-trace-ppe/

In 2022 more than 1,200 Ghanaian nurses joined the UK's nursing register.

This comes as the National Health Service (NHS) increasingly relies on staff from non-EU countries to fill vacancies.

Although the UK says active recruitment in Ghana is not allowed, social media means nurses can easily see the vacancies available in NHS trusts. They can then apply for those jobs directly. Ghana's dire economic situation acts as a big push factor. https://www.bbc.co.uk/news/world-africa-65808660

Reminds me of the X Files!

Posted by Mt Gnome, p.s. I have tried to get this verified as genuine but so far haven't been able to!

Very interesting if not very worrying regarding how Covid is an American laboratory developed virus intended for use in warfare and was known about since 1985!

https://rumble.com/v2m0enk-dr-david-martin-european-parliament-international-covid-summit-iii-5-3-23.html

Thank you Cowichan,

There is no doubt that in the past Andrew Pardey and the others senior menmbers of management deceived and lid to us whilst running the company on "Wing and a prayer principles!" and promoting what they knew to be unrealistic long term sustainable guidance, !in short they were a bunch of "Carpetbaggers!"

Have things changed now, I hope so , but I await to see!

Agreed Mr Gnome the effects of isolating people for two years has been far more damaging to their mental and physical health in so many respects !

Sweden had the right idea, no lock down and leave people to practice common sense!

I agree Mr Bond, no more jabs for me either, ever since the third I feel as though I have a permanent cold or sinus!

The political policies of can kicking down the road over the past two decades including George Osbournes years of "Austerity" and "Cameron" complacency over the "Brexit" consultation the stupidity of the BOE quantitive easing ( Printing devaluation) whilst the politicians desperately tried to fool the public by keeping interest rates far too low was then all compounded by Boris Johnson's premiership of lies and deception which has resulted in the dilemma that the politicians now face!

Our political leaders have really dug themselves into a hole far bigger then the one at Sukari because although they know the right thing to do is to raise interest rates they also realise if they want stay on the Westminster gravy train then the best way to win votes is to lower interest rates and carry on kicking the can down the road!

https://www.youtube.com/watch?v=aLycSA684ME

19 Jun 2023

David Cameron has admitted that not enough was done to confront the possibility of a pandemic caused by an asymptomatic disease similar to Covid-19.

He was giving evidence to the Covid inquiry and said that the focus when he was prime minister between 2010-2016 was on preparing for a flu-type pandemic.

He was also pressed on how far the cost-cutting austerity of his government could have contributed to the UK's high death rates.

This the company being paid shed loads to clear up Pardey's pile of crap!

Capital (LSE: CAPD), a leading mining services company, announces that Peter Stokes, CEO, today purchased 50,000 Ordinary Shares in the Company at a price of 99 pence per Ordinary Share. After settlement of the transaction, Mr Stokes will hold a total of 50,000 Ordinary Shares in the Company.

https://rb.gy/jv0cr

https://www.lse.co.uk/ShareChat.html?ShareTicker=CAPD&share=Capital