Member Info for RazorsEdge

I expect the price of crude to rise in the run up to the next OPEC meeting in Vienna Austria on December 6th and as usual for Tullow’s share price to trace it.

https://www.opec.org/opec_web/en/press_room/311.htm

...surely a show of such confidence will help all majors involved in Egypt.

BP to invest $2.8B in Abu Dhabi, Egypt
BP Plc. is planning to spend approximately $1.8 billion in Egypt during next year and around $1 billion in the emirate of Abu Dhabi, seeking to strengthen its presence in the Middle East, the company's Chief Executive Officer Bob Dudley told the National on Monday. He also stated that the facility in the Omani desert, Khazzan, is set to produce around 1.5 billion cubic feet of gas per day by 2021.

"We've spent in the last two years $6.8bn in Egypt and it will be about $1.8bn dollars next year, Khazzan, is way out there and in Oman and the Adco concession each year as well is well over a $1bn of capital expenditure each year for Abu Dhabi, so it’s a really important part of BP’s world," Dudley pointed out.

BP is also planning to partner with Abu Dhabi National Oil Company (Adnoc) in a $45 billion investment planned to be executed in the next five years, focused on expanding the Ruwais downstream facility. The two companies said they would build the largest integrated refinery in the world by doubling current refining capacities and expanding chemicals capacities to up to three times.

Breaking the News / SS

The translation FYI

Cairo airport receives shipment of gold coming from the mine of diabetes before traveling to Canada
Ahmed HamadaNashir on the seventh day on 05 - 11 - 2018
The cargo village at Cairo International Airport received a shipment of gold coming from the sugar mine on a private plane on Monday, before being transferred to Canada for re-screening and selling on the international stock exchange.

Sources in the village of goods said that the shipment of gold arrived on a private plane with a total of 414 kilograms of crude gold in 27 parcels, the shipment was unloaded in the presence of a representative of the Department of stamps and scales, to be purified and sold on the international stock exchanges.

Gold miner Centamin (LSE: CEY) is a FTSE 250 stock that’s trading on an attractive earnings rating. It also offers a prospective dividend yield of 4.7%, rising to 5.5% next year. Meanwhile, smaller-cap miner Gem Diamonds (LSE: GEMD), which released a strong Q3 trading update today, is on an even cheaper earnings rating but with only a small dividend pencilled in for next year. If I had £2,000 to invest today, would I plump for just one of these stocks or divide my investment between the two?

Gold plus cash

Centamin, whose assets are in Egypt, is a stock I think is well worth considering. I reckon it’s good to have some exposure to gold in a diversified portfolio, as it can provide a bit of stability in times of trouble.

ETFS Physical Gold, which simply tracks the price of gold, less a small annual management charge, is one stock I’d be happy to buy today. However, Centamin offers something you don’t get from the metal itself. Those valuable cash dividends I mentioned earlier. I think this reward more than offsets the business risk and a share price that tends to be more volatile than the gold price, due to miners being largely a geared play on the metal.

In addition to its appealing dividend yield, I reckon Centamin’s price-to-earnings (P/E) ratio and price-to-earnings growth (PEG) ratio, based on earnings projections for 2019, are attractive at a current share price of around 100p. With 25% earnings growth forecast for the year, the P/E is an undemanding 12.7 and the PEG is 0.5, which is well to the ‘good value’ side of the PEG ‘fair value’ marker of one. As such, I’d be happy to buy this stock today.

https://uk.finance.yahoo.com/news/2-000-invest-think-ftse-154914598.html

Cowhichan “GOPEC”
Even talk of such an idea in the media would send the price of gold upward.
Good thinking.

Trump orders sanctions on Venezuelan gold exports
United States President Donald Trump signed an executive order imposing sanctions on Venezuelan gold exports, US National Security John Bolton said on Thursday. Trump aims to tackle "corrupt gold trade" with the order by preventing US nationals from dealing with individuals and institutions related to Venezuelan gold sales.

Venezuelan President Nicolas Maduro said repeatedly his country is "victim" of an economic war led by Washington. Approximately two million Venezuelan nationals left the country in the past three years due to the difficulties related to medicine and food shortages, crime, and hyperinflation.

Bolton condemned Latin America's "Troika of Tyranny," specifically slamming Venezuela, Cuba, and Nicaragua and accusing the countries of causing "immense" human suffering and provoking instability, while fostering communism in the region.

Breaking the News / SS

https://www.breakingthenews.net/trump-orders-sanctions-on-venezuelan-gold-exports/news/details/45536632

Verses 6.6m daily average..
I bet we get a rns within the next few business days stating Blackrock have increased their holding.

....Rebess, from my worpped state come a contradiction to your theory and that is Cey will experience a relief rally either tomorrow or Monday (maybe both).
Just my twopence worth.

JUst topped $1230 an ounce

Central bank gold buying reaches 3-year high
Central bank buyers acquired approximately $5.8 billion worth of gold in the third quarter of the fiscal 2018, marking the highest level of net purchases since 2015, the World Gold Council said in a release issued on Thursday. The demand in the sector saw a rise of 22% year-over-year, as central banks bought 148.4t of gold.

Meanwhile, looking at gold bars and coins, stock market volatility and weakness in currencies drove demand higher in the emerging markets. In China, largest global bar and coin market, demand jumped 25% in the third quarter on a yearly level. Demand in Iran hit a five-and-a-half year high.

Looking at the figures of gold demand in technological applications, an increase of 1% was seen during the three month period year-over-year, to amount to 85.3t, primarily due to the precious metal's use in smartphones and the automotive sector.

Breaking the News / BM

https://www.teletrader.com/central-bank-gold-buying-reaches-3-year-high/news/details/45525519?ts=1541062246815