Centamin Share Discussion Threads

[keyno] 21/9/2016 17:17

You appear to be a good sport, chriswls. I wish you good luck in your investments. A sincerely meant post by the way!

[sg31] 21/9/2016 16:51

Gold bulls always see the price of gold going higher, that's why they are bulls. They are also wrong some of the time.

[wisteria2] 21/9/2016 16:24

Gold Bull McEwen Sees Prices as High as $1,900 by End of Year!!!!!
full story on Bloomberg..GLA HOLDERS

[chriswls] 21/9/2016 14:33

Glad I made someones day guys but as I said I'm a novice and done well off UK bank shares and read that gold mining was a good investment. I read about CEY and it was getting good reports. I'll see what happens now but I read several posts on here before buying first, from people claiming to have traded years and done well and also seemed to know what they were talking about. They were of the opinion it was due to go up. I'll do as you both said and take posts which a pinch of salt. But lesson learnt! At least my losses are covered elsewhere so I'done one thing right lol

[sawadee3] 21/9/2016 14:19

Lucky man ifthecapfits :-)

When CEY hits £2, will you promise to post her white bits ;-)

[ifthecapfits] 21/9/2016 14:04

S3 - i'd appreciate you not posting pictures of my wife on a public BB - thanks. ;)-

[sawadee3] 21/9/2016 13:59

Looking perky today chaps :-)

[keyno] 20/9/2016 18:33

I'm afraid I couldn't help myself, azalea!

[azalea] 20/9/2016 17:21

Keyno
You said everything,I could not bring myself to say.

[keyno] 20/9/2016 17:08

chriswls: Are you training to be a comedian because your posts gave me the best laugh I've had all day...................!!!!!

If your posts were serious then may I be the first sign up in order to learn from you, a self-confessed complete novice, how to lose £3500 on paper in 10 days? I can't wait!
Thank you.

PS Take everything you read on a bb with a large pinch of salt! Everything.

[chriswls] 20/9/2016 16:09

Rhcm, thanks for your advice I'll sit tight then and wait until the US interest rates are decided tomorrow before deciding on further purchases. I agree it's a little like betting horses but with a major difference....there's a lot of luck with horses but with shares you can sometimes guarantee a profit. For example I sold a lot of my shares the day of our EU referendum and during the following week bought them back making about 30% on almost all. The same will happen when we trigger article 50 to leave so I'll give you guys a heads up a few days before. A lot of businesses will thrive once this happens as EU laws prevent us from making a lot of deals and a some companies will falter. As you said though it'll just be my personal opinion but hope I can help others make money as well.

[rhcm] 20/9/2016 15:20

Chris, I have been adding to my position during the recent dip and do not have concerns with this Company.

I have been invested here for years and will continue as i see no reason to sell.

The above are merely my thoughts and not intended as advice.

I was once told that buying shares is like betting on horses, but with shares you decide when the race starts and when it finishes, so the ball is in your court.

Hope that is of some help.

[chriswls] 20/9/2016 14:50

Hi Guys I've just joined this and am a complete novice so please bear with me. I've recently started investing in shares due to the pathetic 2-3% interest rate UK banks give on investments and bought 22000 CEY 10 days ago at 157 but am already £3500 out of pocket. Is it worth me hanging on to them or buying more? I've done quite well of UK banking shares but since venturing into Gold I'm having my ar*e kicked.

[rhcm] 20/9/2016 10:08

large shipment at Cairo airport - 909kg

[jfishy55] 20/9/2016 09:56

UT trades are Uncrossing Trades. Basically a SETS auction. They happen at the start of the day, luchtime & close of day. They can also happen when the offer becomes less than the bid.

I think Chip said that Van Eck is an Oz gold fund & sells when prices drop & buys when they rise - possibly according to an algorithm.

[plasybryn] 20/9/2016 07:59

Where did all those shares go?

[mattboxy] 20/9/2016 07:54

Van eck dispose of 118,000,000 shares. Why would they rebalance to that extent?

[rebess4] 19/9/2016 16:32

Thanks Saw.

[sawadee3] 19/9/2016 11:33

Hi Rebs, you can buy it through a normal trading platform.

Obviously, i bought this fund because i believe in Gold, but i just didn't want the hassle of researching dozens of co's then watching them every day. This fund was my answer :-)

It's an extremely volatile fund, but i found drip feeding works very well. Same goes with all funds in that respect :-)

I'd also recommend you look at Smith & Williams Global Gold and Investec Global Gold, which seem to be somewhat less volatile :-)

A performance comparison here:

[rebess4] 19/9/2016 11:23

Hi Saw

I've answered my own question, I think, It is of course exchange tradable. - I'm a bit slow on the uptake this morning.

[rebess4] 19/9/2016 10:36

Good morning Saw.

Thanks for the article, it makes for interesting reading. - I know you've been advocating this fund for quite a while now and that you've profited greatly from your involvement. - Is it a fund that can be invested through a normal stockbroker, say TD, or do you have to deal direct? - cheers.

[sawadee3] 19/9/2016 10:19

For those who may be interested, thought i'd post the latest newsletter from the Junior Gold trust:

Dear Investor,

The US Federal Reserve started making stronger statements about interest rate rises towards the end of August despite some weaker than expected economic indicators. As a result, some profit taking in gold equities started a consolidation in those names that had recently outperformed. Silver, being more volatile than gold, dropped below $20/oz and the gold/silver ratio rose above the long-term average of 66. Nevertheless, as at the time of writing, gold bullion ETFs have been very steady at 64.9Moz (up 17.9Moz YTD), with silver bullion ETFs continuing to build to 669.7Moz (up 66Moz YTD). It is clear that investors are increasing their allocations to safe havens, particularly in precious metals. Risk aversion towards the global markets, including long-term US Treasuries, continues to build as evidenced by a recent sharp rise in yields.

One indicator that has caught our attention recently is the gold to oil ratio. This metric tends to rise during times of instability and economic uncertainty as investors buy into safe havens such as gold and sell commodities that are fundamental to the function of the economy, such as oil. The chart in the factsheet shows the grey shaded areas of recent crises between 2000-2002 dot-com crash and the more severe financial crisis in 2008-2009. Because of the oversupply in oil since 2014 and the consequent crash in its price, gold now buys a lot more barrels of oil than before. Nevertheless, this relationship might indicate that all is not well in global markets and there is rising risk for some crisis. Gold and silver should continue to do well, under such circumstances, providing further expansion in the profitability of the specialist miners.

Junior Gold this month celebrates its seventh anniversary and continues to be the best performing gold fund in the year to date as reported by the leading fund database Morningstar: www.morningstar.co.uk/uk/fundquickrank/default.aspx. Our portfolio of smaller, well-capitalised companies with solid production and cash flow see their profitability expand rapidly as metal prices rise. We have reduced the relative weights in those shares that reached or exceeded our target valuation and added to others that should benefit from higher metal prices. A new holding in Goldcorp, a middle capitalisation gold and silver miner, was added as we believe its new management can correct previous strategic mistakes and improve cost control and reserves growth.

Angelos Damaskos
Fund Advisor
Sector Investment Managers

[qs99] 19/9/2016 09:09

back in this morning as POG upwards again and IMO this looks oversold

[juju44] 19/9/2016 09:08

We will be even better looking and more happy when CEY passes 2 quid .I think no interest rate rise and gold soars

[sawadee3] 19/9/2016 08:57

Good morning chaps :-)

Who knows where the POG is going. Gold will remain an important part of any shrewd investors portfolio.

The one thing we can say with certainty: We'll always be good-looking, happy, exclusive club members. Nothing is going to change that chaps :-)