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https://www.google.co.uk/amp/s/business.financialpost.com/pmn/business-pmn/billionaire-sawiris-hopes-to-join-egypt-gold-rush-as-rules-eased/amp

Sawiris is the second richest person in Egypt, I think he’s dangerous...
Everyday I watch the volume and everyday the buy/sells are on a power with each other then a short time after 4:30 the bought rises by 1m shares, somebody is on the other end, Barrick, Sawiris or some (smart) investment house or maybe it’s just something technical re volume.

Fingers crossed guys that gold continues to rally thus raising Centamin’s share price forcing Sawiris or anyone else to pay a premium for Centamin or at least rising the value of the company.

Sold: 1,207,019

Bought : 2,275,523

Currently 1604.65

Days high 1605.14

The price of gold was the highest ever compared to the euro on Tuesday, while trading at its two-week high against the dollar, as investors turned to safe-haven investments following Apple's warnings on the negative effect of coronavirus on its business. The iPhone-maker its second-quarter revenue is likely to take a hit due to the coronavirus epidemic in China. Meanwhile, stocks on Wall Street and in Europe, as well as oil futures, traded in the red.

Spot gold sold for $1,592.71 per ounce at 9:15 am CET, gaining 0.75%. On the euro, it jumped 1.14% at the same time, going for €1,475.97. Meanwhile, palladium added 0.76% at 9:16 am ET to sell for $2,537.26.

Silver gained 1.22%, changing hands for $18 per ounce at 9:17 am CET, as platinum increased 0.97%, selling for $980.37 per ounce.

Breaking the News / N

No matter what side of the fence you’re on, hoping Boo will drop and could be bought cheap or worried that the value of your investment may be in danger, I noticed this article last Friday but as yet it has not received relevant media coverage. My take on this is coronavirus will be capped sooner rather than later.

China treating coronavirus with convalescent plasma
China National Biotec Group (CNBG) said on Friday it developed a treatment for the coronavirus COVID-19 using convalescent plasma from some patients who recovered from the disease.

The company stated that clinical tests showed patients' symptoms improved 12 to 24 hours after receiving the newly developed therapy. CNBG pointed out it started collecting plasma from recovered patients on January 20 and began treating "critically ill" patients in Wuhan on February 8, stressing over 10 patients have received the treatment.

Earlier, Chinese authorities confirmed that over 64,000 people have been infected with COVID-19, with more than 1,380 dying from the virus.

Gold also on the day’s high 1591.96

The volume is lighter than usual

One is the current market value which is £133.90
and the second is the analyst forensic calculation.

It would be crazy for an Estate agent to value the house at £127,000 when they were already selling at £133,900 but if the estate was asked to make a forensic evaluation he could well come up with the idea that the houses were currently selling above their true value.

It’s the way of the world.

European shares were lower in premarket trade on Tuesday as investors continue to monitor the coronavirus outbreak in China.

Chinese officials announced the death toll from the Wuhan coronavirus reached 1,868 people by today, while a total of 72,436 people are confirmed to have had the disease.

The DAX lost 0.54% at 7:30 am CET, while the FTSE 100 fell 0.59%.

The euro was down 0.015 against the dollar at 7:35 am CET, buying 1.08325, while the pound declined 0.06% versus the greenback to go for 1.29940.

Breaking the News / JC

Cowichin this ties in with the article you posted on Sunday at 18:21. One confirms the other.

I’m not sure if this has been posted already.
Here it is anyway.

http://m.miningweekly.com/article/egypt-eyes-gold-rush-with-fresh-exploration-tender-by-march-2020-02-17/rep_id:3861

European stocks were in the green in premarket trade on Monday as investor fears over the coronavirus seemed to wither as China announced the number of severe cases of the virus is decreasing. However, the International Monetary Fund (IMF) warned the outbreak could hurt global growth this year.

Throughout the day, traders will be focused on Europe as Wall Street is closed to Presidents' Day.

The DAX rose 0.41% at 7:45 am CET and the FTSE 100 was up by 0.33% at the same time. The CAC 40 increased 0.40% at 7:42 am CET.

The euro was flat against the dollar at 7:30 am CET, going for 1.08382. Meanwhile, the pound declined 0.07% compared to the US currency as it traded for 1.30390 at 7:47 am CET.

Breaking the News / VP

The continuous rhyme of Brexit has been replaced by the coronavirus.

Thank you Dansul... A nice weekend would be even better if Centamin were to get a mention in one of the Sunday papers.

I’m secretly harbouring the belief Centamin are heading to £1.55 but hey this is my forward thinking. Wishful thinking or not let’s hope we continue to move in that direction.

Sold: 1,640,717

Bought: 2,744,340

Have a good weekend ya’ll

Equities on major European stock markets traded practically unchanged on Friday with the focus on corporate earnings, as well as the coronavirus outbreak. Credit Agricole reported its revenue rose 6% to amount to €5.12 billion in the fourth fiscal quarter.

The FTSE 100 and DAX traded just 0.04% and 0.06% higher at 7:21 am CET, while the CAC 40 did not move from yesterday's close at the same time.

The euro and the pound were both flat at 7:14 am CET, changing hands for $1.08361 and $1.30455 respectively.

Breaking the News / MD

...should have added I hope this one butterfly’s last August when it topped the 52 week high on no direct news.

Yes, absolutely Mrtibbles, there’s no doubt Centamin is independently on an upward trend.

I see Fresnillo is also up 4% + so the rise in cey seems sector related not a reaction to anything specifically related to Centamin.

CAIRO, Feb 13 (Reuters) - Egypt has approved a mining licence for Aton Resources Inc AAN.V, the Canada-based gold miner said on Thursday, the first such award since the country's main gold producer Centamin CEY.L secured a licence more than a decade ago.

Centamin received its mining licence in 2005, according to its website.

Egypt passed a new mining law last year in a push to encourage more exploration and mineral production.

https://www.google.co.uk/amp/s/www.nasdaq.com/articles/egypt-approves-first-gold-mining-licence-in-more-than-a-decade-2020-02-13%3famp