Centamin Share Discussion Threads

[juju44] 15/12/2017 10:58

Big tug of war here between bulls and bears

[astjgroom] 15/12/2017 10:53

It wants to go, it's just when...At least we're flirting with the top of range n not the bottom

[juju44] 15/12/2017 09:11

Still waiting

[juju44] 14/12/2017 13:57

now back to that last peak in late Nov. Needs to burst 145-7 to generate any confidence

[juju44] 14/12/2017 09:54

Promising looking now for a break up - tick tock

[juju44] 13/12/2017 21:57

Yep , looking good for tomorrow

[jimbowen30] 13/12/2017 20:02

Gold and gold stocks especially are massively oversold. I expect 200p + from CEY next year.

[flopticalcube] 13/12/2017 20:00

Looks like my $1215 POG ain't gonna happen. Gold has indeed turned and turned with vigor. CEY should be able to break through the downtrend tomorrow if the 1% rise in gold holds overnight.

[ukgeorge] 13/12/2017 19:52

Juju Gold is turning on the rate hike and boom centamin will follow :)

[flopticalcube] 11/12/2017 20:17

Next turn in gold could be as early tomorrow (turn-around Tuesday) although I would like to see my $1215 target reached. Some pundits are talking about low $1100's and even the old sub $1000's bears are waking up. This is good news for gold. The more bearish public opinion the better. FOMC Wednesday could be the catalyst to send gold to the $1200-$1215 target (and maybe a bit beyond) before it bounces back. A rate rise is baked in but its the expected rollout of the 2018 path for future rises that will be watched. CoT positions are now entering bullish territory and should be even more bullish by now (confirmed on Friday).

Bitcoin continues to follow the general markets with extreme beta. Its parallels to silver circa 1979 are amazing. Silver eventually crashed 90%.

[juju44] 11/12/2017 15:50

I have been adding recently but need the conviction of the break - its not there yet

[ukgeorge] 11/12/2017 13:16

If I had some spare cash I would be buying now. Likely near the year low for gold and as you say technicals improving.

[juju44] 11/12/2017 11:57

Downtrend break still awaited

[juju44] 11/12/2017 08:46

Techs turning up nicely but small gap left this am. Game on ?? We shall see

[juju44] 08/12/2017 09:29

still trying to make its mind up double botty or leg down . NFP action should help the decision

[bookwormrobert] 07/12/2017 17:27

(Off-topic) So, out of idle curiosity (it's raining today), I did some background reading on the bitcoin phenomenon. I came across this recent article, which (I think very convincingly) argues that at its heart is a massive scam.

[astjgroom] 07/12/2017 17:13

I'm also gonna add, but I have a lot already so I'm holding for a really low irresistible price.

[astjgroom] 07/12/2017 17:11

I agree, bitcon is nothing like gold, people buy gold as a payment of last resource/hedge/insurance, not like that with bitcon. there's a limited supply, and it spans the internet and fiat currencies but it has no real value, surely it's like a fiat currency, invented, a long set of numbers, but can't be reproduced. It has no beauty, taste, glint, age, history, if the financial system went 2008 again tomorrow, but worse, would bitcon hold its own? - I'd prefer gold. Bitcon rise has certainly taken us all unexpected though.

[ukgeorge] 07/12/2017 14:02

why people are linking bitcoin and gold is beyond me.

One is generally invested in by old people or those afraid about inflation the other is techie type people and young gamblers.

gold will get digitilised in the next couple of years and have some of the benefits of bitcoin which should help it rise.

[rathean] 07/12/2017 13:33

HOC flirting with its resistance levels and not going well today, I think the Bitcoin bubble has more upside and that might depress precious metals longer than usual. Tough call this, I'm still watching and waiting.

[bookwormrobert] 07/12/2017 12:46

Hi, UK George! Yep, that's pretty much how I see this. All in all, it's a great moment for some bottom fishing; especially as we know that production at Al-Sukhary is going well and we can expect a good dividend in February. The only question for me is whether to buy now, or to wait until next week in the hope of a few extra % discount...

[ukgeorge] 07/12/2017 12:30

I think gold falls until the rate hike, then it should bounce similar to what happened last year. Gold has also seen the low for the year in December or in the early new year for about 4 years now. So as much as this is painful we are likely near the low. sure 120p or even lower could be hit but, if you are buying on a 6 month time horizon now is great.

[juju44] 07/12/2017 12:05

Double bottom or get out time

[juju44] 07/12/2017 10:55

A number of the miners sitting on capitulation levels . Will they , won't they

[astjgroom] 07/12/2017 10:47

I reluctantly think we could see a plunge to 1.20s, hope I'm wrong, such a mess everywhere with tightening and higher rates hitting us but also causing turmoil with dollar debt and stability. the higher this bitcon thing goes the greater the potential fall, imho, n gold would benefit. But I don't understand the long term trend of bitcon, is it the emperors new clothes and a bubble or the future, perhaps a bit of both. But gold is still gold, n I'd rather have that than a bitcon in times of economic depression, I think we may have three or four months of depressed prices, but I then think we'll rise. I hope I'm wrong