Centamin Share Discussion Threads

[kennyp52] 15/4/2024 21:42

redbaron10 .. great post . This has risen quickly and investors will want to take profit or have probably put stop losses in . Gold rising again so could be a very good week again this week . Good luck .

[redbaron10] 15/4/2024 20:41

One has to appreciate shares like CEY (being foreign and not subject to stamp duty on trades) have a revolving door of investors who trade in and out of the share quite readily.You only need to read this chat forum to see the popularity of trading in and out of CEY.If less individual investors and institutional investors have inventory of shares of CEY in their portfolios, and aren't long term holders, then share price volatility is to be expected.And to be fair this share has had its fair share of bad news, false dawns and disappointments over the years so you can hardly blame traders profiting on that.I've lost count of the number of notifications of major share holding increases and decreases over the years.That tells you a lot.

[roks] 15/4/2024 18:55

Dismal day for cey, gold is perking up, hope cey will follow in the morning.

[redbaron10] 15/4/2024 10:00

Q1 results this week (18th)

[roks] 15/4/2024 09:06

Hmmm bit of a slide, I guess was expected? MTO is balancing me out for now.

[roks] 15/4/2024 06:11

It appears irans fireworks display didn't affect the pog. Let's see how cey holds up when the market opens.

[cumnor] 14/4/2024 15:10

As I'm heavy enough into gold and silver (and commodities) the last think I want to see is gold spiking $300 on the back of Iran-Israel mediated WW3-no good for anyone. There is enough geo-political tension simmering around the world to keep gold rising slowly, not to mention the US and other Sovereign debt crises that need to be resolved.

[darrenhorsfield2] 14/4/2024 12:54

Could well be

[stockhunters] 14/4/2024 11:50

could we see a spike in gold on Monday?

[redbaron10] 14/4/2024 11:46

Just have to see what the gold price does overnight regarding the Iran/Israel conflict.I think CEY will not respond positively as much as other gold miners, if there is a spike in the pog again, as Egypt is a geoploitically sensitive area within the middle east right now and if other arab countries are brought into the conflict Egypt is in a compromised spot.I know Sukari is well away from any potential flashpoints but still investing in geopolitically risky areas always has a potential downside.We await developments.I don't know nearly enough about El-Sisi and Egyptian politics to comment on their approach.They appear motivated to not say very much about the present situation which is maybe positive.At least half of the profits at Centamin goes to the government so they're likely to protect their vested interests there if that's a consolation of sorts.

[petersinthemarket] 13/4/2024 12:01

This share price might have to come back a little.
There are 3 small gaps to fill between c115-130

[kennyp52] 12/4/2024 22:04

2,344.53
-32.47
-1.37%

Where you get 4% ? Slight adjustment given the speed of the rise. Next week should give some clarity on future direction but anything averaging over $2000 is huge for CEY .

[redbaron10] 12/4/2024 19:58

Wow.What a reversal.A 4% swing in a day for pog.Did the FED raise the interest rate today without telling anyone!

[edmondj] 12/4/2024 15:01

Central banks' buying looks to have spread to individuals esp in Asia.

[redbaron10] 12/4/2024 11:41

There's a lot of head scratching by people in the know regarding this run up of gold prices so fast.Now someone reckons a big bet has been made by someone or other using OTC trades to create this buying.There's no definitive answer to why this is happening,maybe it's a combination of factors creating a perfect storm for gold prices.I'm not complaining.

[roks] 12/4/2024 10:54

At this rate, pog will hit 3000 by end of next.

[qs99] 12/4/2024 08:59

Could we see the heady days of nearer to £2 soon? PoG holding up very well and motoring, some banks forecasting nearer $3,000 this year, what EBITDA then?!! DYOR

[qs99] 11/4/2024 22:06

Indeed darren....PoG motoring still......maybe some supply/demand imbalance but being squeezed ever higher and see some banks forecasting $3,000 this year...DYOR

[darrenhorsfield2] 11/4/2024 19:16

150 soon then 200 in view

[roks] 11/4/2024 14:51

Flying today....nice

[redbaron10] 11/4/2024 13:06

Just have to adopt a wait and see approach regarding Iran possibly retaliating against Israel for the Syrian embassy bombing.The rhetoric on both sides is ramping up and Iran will do something but who knows what.

[redbaron10] 11/4/2024 08:48

I see another theory for the gold price increase is that Japanese consumers are so sick of negative or near zero interest rates in Japan for so long,and with the Yen at 34 year lows against the dollar,that they along with the Chinese who have devalued the Yuan to stay competitive with their Japanese neighbours have been gold buyers.Just another idea by commentators trying to explain the pog rise.

[tnt99] 10/4/2024 21:05

I believe 1.60 is likely if the price of gold holds or goes up some moreWho knows

[redbaron10] 10/4/2024 18:09

Well that didn't turn out too bad today.Even with US inflation figures coming in stronger to delay interest rate cuts, we still finished up a bit.Biden will not like the implications of the inflation trend right now.The FED will have to keep interest rates higher for longer and that hurts US consumers with a mortgage and an ongoing cost of living crisis affects all but the well off.I still think the abortion issue could sink Trump's chances in the presidential election(plus the possibility of being indicted before then), but the race for the White House becomes more interesting.