Member Info for RazorsEdge

https://www.investorschronicle.co.uk/week-ahead/2020/10/08/week-ahead-12-16-october/

Again... again

Currently $1917.31

High of the day $1918.20

The cey pps isn’t reflective of this rise in gold... it’ll come

Currently $1914.83

High of the day a few minutes ago $1915.43

A happy Friday indeed.

Gold on an upward trend is supporting the share price today currently at $1910.18

even at £1.60+ Centamin is vastly undervalued?

Shares in Europe traded higher in the premarket on Friday amid optimism regarding the development of a vaccine against coronavirus and the economic recovery from the crisis caused by the pandemic. The European Union signed a contract with Johnson & Johnson to ensure access to the potential vaccine, as well as one with Gilead over the supplies of the cure Remdesivir. Meanwhile, the European Central Bank noted the markets showed resilience and remained stable amid the crisis. In the United Kingdom, the Bank of England stressed British banks are "strong enough" to support the economy. The traders in Britain are also waiting for the country's latest reports on the trade balance, industrial production, and gross domestic product (GDP).

The DAX traded 0.16% higher at 8:00 am CET. At the same time, the FTSE 100 rose by 0.27%, and the CAC 40 increased by 0.30%.

The euro grew 0.10% to the dollar to sell for $1.17712 at 8:01 am CET. At the same moment, the pound sterling gained 0.06% against the greenback to exchange hands for $1.29454.

Breaking the News / JR

Happy Friday y’al
Gold .75% better than yesterday’s close currently at $1908.65

This is the last time I’ll post about it.
To suggest anything from the difference between buys and sells is pure speculation, it may mean nothing and mislead to false notions.

I’ve no idea MrBond these are simply the numbers served up by the LSE as today’s volume.
Do they cease counting at exactly 4:30 and add the latter onto tomorrow’s numbers, again I’ve no idea.

As I mentioned yesterday there are those who pour scorn on volume comparisons but that said I’m glad to report today’s numbers show a significant difference.
Be your own judge but here they are.

Vol. Sold 2,269,647

Vol. Bought 4,950,985

Cuts Centamin price target to £2.40 from £2.90
‘BUY’ recommendation

“Berkshire Hathaway disclosed that it purchased $562 million in shares of Barrick Gold during the second quarter of 2020, immediately making it the eleventh-largest shareholder in the company...”

Yeaaaa, I was right!

Lol

Shares on the major European stock market indexes traded with modest gains in the premarket on Thursday as the investors awaited the account of the European Central Bank's September policy meeting.

In other news, European Council President Charles Michel asked the United Kingdom to reveal its list of demands and "put cards on the table," in order to move the Brexit negotiations forward.

The DAX rose by 0.36% at 7:30 am CET, while the FTSE 100 increased by 0.10% at the same time. Meanwhile, in Paris, the CAC 40 was up by 0.33% at 7:37 am CET. The euro advanced by 0.09% versus the dollar, selling for $1.17742 at 7:32 am CET, while the pound concurrently gained 0.14% against the greenback, to go for $1.29370.

Breaking the News / BU

Gold currently at $1890.

It’s at times like this that paying the 6% dividend helps turn the punters into hunters!

Short article worth a read:

https://www.google.co.uk/amp/s/uk.finance.yahoo.com/amphtml/news/2020-best-performing-gold-stock-160259178.html

Reads great, even comes with a ‘buy’ recommendation but all goes to pot when it comes to price target!

https://www.investorschronicle.co.uk/company-news/2020/10/07/centamin-directors-buy-after-shares-slide/

This should help in the morning:

Major equity indexes in the United States finished trading significantly up on Wednesday as hopes of a partial coronavirus stimulus grew. In addition, members of the Federal Reserve's Open Market Committee saw overall financial conditions improving slightly in the country. However, New York Fed President John Williams warned that the economic outlook remains "highly uncertain."

The Dow Jones Industrial Average jumped 1.91% at the closing bell. The Nasdaq 100 climbed 1.88%. The S&P 500 grew 1.74%.

The euro was up 0.23% against the dollar at 3:59 pm ET, changing hands at $1.17612.

I know this always has it’s sceptics but the difference in buy v sell volume today in quite substantial.

Vol sold: 2,787,580

Bol bought: 5,526,396

Maybe another director purchase rns in the morning.

You are correct Willu17 it’s just an rns in compliance with regulations.

There must be some mention of the licensing tendering in the Egyptian press, maybe this post will prompt a reaction.

Any info from any source will be of interest.

Continued...

The Minister of Petroleum announced in the ministry’s press conference about the new auction of gold in Egypt that the proposed lands are the places of the Mineral Resources Authority in the Eastern Desert, under the royalty, taxes and free participation rate.

The minister said: "The bidding includes several sectors, the dimensions of one sector (1/8 step by 1/8 degree), where the area of ??one sector ranges from about 170 square kilometers."

https://www.albawabhnews.com/4136314