Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
We need dovish fed Tony, anything other and this will go for a lot longer and will not be “the bottoming process”- costs have to drop.
I hope you all submitted your questions for the 30th October
That’s what I’ve been saying for months and yet some persist in simply seeing issue as a cey one
Alas it’s PM’s- cos we are a stock and most are suffering - my stop loss cut in earlier today - twice in row I’ve lost in day trades- tough market at the mo, crypto going well though as is gold .
At last, some aid going through:
https://www.bbc.co.uk/news/live/world-middle-east-67165505
Gold: YTD +0.8% 5yr +60% (note- marginally down though in the past 3yrs)
OK:
All of the below are EXCLUDING Divis- inflation is the key common reason- precious metals nowhere near keeping up with inflation past 5yrs:
CEY : YTD -28% 5yr -19%
FRES: YTD -40% 5yr -40%
HOCHS: YTD +16% 5yr -47%
SRB: YTD +30% 5yr -6%
SHG: YTD +11% 5yr +135%
BARRICK: YTD -7% 5yr +29%
NEWMONT: YTD -21% 5yr +32%
For comparison on some key indices:
FTSE 100: YTD -2% 5yr +7%
FTSE AIM: YTD -19% 5yr -30%
S&P 500: YTD +12% 5yr +61%
Dow J: YTD +1% 5yr +35%
NASDAQ: YTD +27% 5yr +84%
NIKKEI: YTD +22% 5yr +48%
HANG SENG: -15% 5yr -31%
Ignore my last post- pressed wrong button- will complete shortly.
All of the below are EXCLUDING Divis- inflation is the key reason- precious metals nowhere near keeping up with inflation past 5yrs:
CEY : YTD -28% 5yr:
FRES:
HOCHS:
SRB:
SHG:
BARRICK:
NEWMONT:
Https://www.swissre.com/institute/research/sigma-research/Economic-Outlook/us-economic-outlook-september-2023.html#:~:text=After%20an%20estimated%202.1%25%20real,%25%20by%20year%2Dend%202024.
The odds are on Israel going in- the main gold driver at the moment- US remains economically strong, jobless claims, gdp etc/ you can all research.
After going in quick again today- I may hold over the weekend as gold could continue to accelerate on balance. Of course could drop on counter news, but on balance….
With CEY being confident on hitting low end (they must have something up their sleeve like Dasut mentioned)- again on balance more likely than not- get your questions in for the 30th October!
We all know the questions
Interestingly, my crypto portfolio is going good guns too- and before anyone mentions certain undesirables using too, it’s not the tool-
It’s the people using it
Interesting times indeed Goldgnome- watched it all too- go gold :-)
Hmmmm, I've been a member on this board for many years mhenderson, and you are the first to point to an issue before it came out in an RNS.
Of course no one here knows whether or not it was the same issue, or whether it was pot luck- but interesting nonetheless.
Unfortunately after UK market trading closes (17:00UK tonight).
Quick scan looks as expected- now it’s up to the market so no idea.
No worries Ken23.
Q3-
As expected which means a a good catchup required in Q4 required to make up the difference, but stated this will be done - but of course, this was already known.
It’s very easy to do - I trade around key data releases as I’ve posted on this board many times.
I trade in the region of £80-100k and pay £6 per trade so small movements equate to profits and losses on small moves.
Just look at the high and low of days when key economic data comes out, how this stock can move.
I do same these days from time to time on gold futures too now.
One caveat is that I’ve extensive experience and have built mot own model which i constant revisit and adjust- at moves in certain economic levers equate to different movements depending on other simultaneous data release.
Yes, I'm out- as it's a straight gamble which I don't like to take.
I trade on my known key points, which I trust and utilise when the odds are in my favour- I'll see the lie of the land and jump if it it goes the right way and other things are ok at the time.
I hope it does go up though- as I like to trade, and won't go back in if it drops on the open, unless of course, other data directs otherwise.
I tend not to like to be in overnight in any case on PM's as a rule, as they can get hit by a big issue and can deliver a nasty unexpected (by me), RNS at 07:00 any day. I can't predict what is or isn't priced in, especially when a miss to forecast is known and already out there.
Would be a brave person to stay in for tomorrow-
Cey is a stock and falling like some other pm’s today despite the gold spiking to ~1960 today, 40usd rise at one point. We know tomorrow is a miss, but jam tomorrow…
GLA in whatever you do :-).
Yep
Thanks Razor- time for everyone to submit their questions :-).