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Centerra Gold Inc. (CG.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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9.47+0.15 (+1.61%)
At close: 4:00PM EDT
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  • S
    Skippy00823
    Gold is having a good day today, 9/20/21, despite the fact that the dollar is higher. Lol.
  • S
    Skippy00823
    Jeff Currie of Goldman Sachs issued a report today about commodities. He said commodities are under invested. According to him, oil and nat gas will remain strong for the foreseeable future. Copper wil also continue to move higher as well due to strong demand.
  • S
    Skippy00823
    Today, in a Kitco report, the author said gold is " in no man's land". Bah.
  • C
    Cracklesnapper the TC loser
    All, Crackle has had enough of the internet sheriff on this board deleting his posts. Crackle has decided to quit visiting or posting here. Good luck to all, and to the internet sheriff, Crackle say Eff U.
  • S
    Skippy00823
    During a Kitco interview, Everett Millman of Gainesville Coins, a noted coin dealer, sees 1740 as support. According to Millman, gold is fairly comfortable in the 1700-1800 price range unless something dramatic happens.
  • C
    Cracklesnapper the TC loser
    So Crackle read a wonderful bit of news today that likely going to go unnoticed and unappreciated among all the nonsense coming from the Kyrgyz pigs and their arrests of everyone in country who ever dealt with Kumtor.

    Anyway, you guy may remember CG found the pigs trued to divert $29 million through fraud, and their company called Kyrgzaltyn helped. They denied of course but CG had the receipts. So it was referred for investigation by London Bullion Market Association.

    Well, they reached decision today and barred the pigs' main refinery Kyrgyzaltyn from selling its gold on the major world market. That means any gold from Kumtor since that is how the pigs mainly move their gold.

    So, Crackle say to the Kyrgyz pig thieves. Sell your stolen gold bricks to China or Russia on the black market or through them into the water pit at Kumtor. That what you get for stealing a gold mine from the nice Canadians.

    Yes, indeed this will hurt. Article below

    ******

    LONDON, Sept 17 (Reuters) - The London Bullion Market Association (LBMA) said on Friday it had suspended its accreditation of a gold refinery in Kyrgyzstan for failing to meet its responsible sourcing standards.

    The LBMA said in June it had begun a review of the refiner, Kyrgyzaltyn JSC, "in response to issues concerning delivery and the potential for fraud."

    It gave no further details in that statement or on Friday.

    Kyrgyzaltyn is embroiled in a dispute with Canadian miner Centerra Gold CG.TO, whose Kumtor gold mine was seized by the Kyrgyz government in May.

    Centerra has accused Kyrgyzaltyn, which is state-owned and is Centerra's largest shareholder, of involvement in the seizure and said it tried to make fraudulent payments.

    Kyrgyzaltyn has denied wrongdoing. The company did not immediately respond to a request for comment sent outside business hours.

    The loss of accreditation will restrict Kyrgyzaltyn's access to the mainstream market because major banks that dominate precious metals trading tend to handle only metal from refineries on the LBMA's "good delivery" list.

    "With effect from today, 17 September 2021, Kyrgyzaltyn JSC has been suspended from the LBMA Good Delivery List for failing to meet the requirements of the Responsible Sourcing Programme," the LBMA said in a statement.

    "All production from the refinery will no longer be accepted as Good Delivery from this date," it said.
  • S
    Skippy00823
    Another good day for gold today. It's even better than yesterday. Lol.
  • D
    Do lo when
    Do believe the price of gold will go up. The same for uranium. Coal, oil and gas are not if favor nowaday. We cannot depend on wind and solar to make our electric. What the answer? Do believe nuclear reactor. What they need? Uranium

    Bad thing.....you cannot store uranium under your bed,

    Spread your investment. Check the spot movement,
  • S
    Skippy00823
    Buy the gold coin. Lol.
  • S
    Skippy00823
    If the federal government shuts down and the government defaults on its debt obligations, gold could get a bid. Maybe a big bid. Lol
  • O
    Oink oink 🐽
    Going to$8.46 as per Yahoo Finance oink oink 🐽
  • S
    Skippy00823
    Skippy will still buy the gold coin at the appropriate time. Lol.
  • B
    Brooks
    Bitcoin is the future! Many people are seeking for stability in this unstable crypto space and A lot of people are wondering if now is a good time to buy because of where the price is at right now . I'd say it's outrightly wrong to just sit back hold and wait maybe incur some losses along the line , that's a wrong mindset for an investor because as an investor finding ways to always increase and stack up more coins thereby making proflts should be the way of life that being said , the market is still all about BTC at the moment and I'll advise current investors and newbies to take advantage of the Mr Steve program , an establishment that handles people who lack understanding on how maneuver the crypto space , to help them recover loss from the crash and also accumulate more positive returns , with their program i went from having 1.4btc to 9btc in just 9 weeks. Steve can be reached on TELEG.RAM ( stevewarrenfx ) or on WhatsApp: +1 (813) 683‑ 6310
  • C
    Cracklesnapper the TC loser
    Crackle say great job this week CG stock. Great job.
  • S
    Skippy00823
    Skippy ask the tough question. What happens when winter comes and the water in the Kumtor mine freezes?
  • S
    Skippy00823
    Yesterday, Jeffrey Gundlach of DoubleLine Capital said gold is currently in hibernation; however, he expects the price of gold will be a lot higher within a year or so.
  • S
    Skippy00823
    There was 22 tons of outflow paper gold (GLD) during the month of August of this year according to the World Gold Council.
  • U
    Ultra
    This TERRIBLE stock (symbol: TERRIBLE) is going below $5 share.

    It's essentially TC at this point.
  • U
    Ultra
    Surprised that Kyrgyzaltyn hasn't started dumping shares of Centerra.

    Or lined up a party to buy their entire stake at a discount.

    Doubtful Centerra will be able to cancel these shares without claims of liability being put to them by Krygyzaltyn or any other third party.