Centamin Share Discussion Threads

[chipperfrd] 09/8/2018 10:35

shieldbug,

Gold may well be priced on the predominantly paper markets of the COMEX and LBMA but it is certainly not sold purely in USD.

The largest gold producer is China and the Shanghai market is in Yuan and is physically settled. Russia is a large producer and most, if not all their gold, is sold in country as it is in Kazakhstan.

There are vibrant markets in the Middle East and Turkey which purely deal in local currencies as I have personally witnessed.

Gold can change hands in any currency of choice between the buyer and seller. Much will be in USD, because it is the reserve currency, but much will not.

[ukgeorge] 09/8/2018 08:54

It would be nice to not get quite as many opportunities.....

[garycook] 09/8/2018 07:36

Shay,Agree with you there.

[shayadfn] 09/8/2018 06:12

When the share price drops its always an opportunity to add, if you believe in the company.

[juju44] 08/8/2018 16:07

Shield , thanks for that but I have read such stuff for years . Its always about to happen but never does . I will believe it when I se it . However I know that the wheel turns and someday ......

[shieldbug] 08/8/2018 15:55

Juju - Gold is priced and sold in dollars. If you are sitting in India or China wanting to buy gold you essentially have to buy dollars to buy gold. At this point an Indian or Chinese buyer would simply wait for the dollar to weaken against so that gold is cheaper in their currency. Inflation is a reason for gold to be a safe haven but right now for most countries it is just the exchange rate. Article in Money Week today about why gold's fortune may be ready to turn around.

[lodgeview] 08/8/2018 15:37

Certainly a case of being patient here. Reminds me if oil a year ago and look at it now!

[juju44] 08/8/2018 14:40

Metals can make no gains and miners in capitulation mode . Where tf will they stop , that is the question

[ukgeorge] 08/8/2018 13:17

Well either way it now looks as though centamin is heading lower. ffs.

[eeza] 08/8/2018 12:31

Maybe read what Eddie George ( Gov of BOE) had to say about BOE & Fed gold manipulation.

But probably only joking, eh.

[eeza] 08/8/2018 12:13

Plenty of demand from the Chinese.

[ukgeorge] 08/8/2018 11:24

Or maybe eeza there is just too much gold being mined and not enough demand.

[eeza] 08/8/2018 11:22

Not surprising given all the manipulation of POG by CB's.

[juju44] 08/8/2018 11:07

$ seen as safe haven - not gold

[stevedaytrader] 08/8/2018 10:02

completely disagree juju dollar strength bad for gold. I’d have been bankrupt years ago if i’d followed the opposite 😀

[juju44] 08/8/2018 09:44

Its either double bottom now or run for the hills. Hard to have a good feeling about the near term

[juju44] 08/8/2018 09:12

Been hearing that stuff for years . Same old , same old. In the past couple of weeks the dollar has lost over 2% - gold has lost over 4% . They just play it as they choose

[stevedaytrader] 08/8/2018 09:07

Agree 100%. What i’ve been saying for until i’m blue on the face. Tax cuts have made the usa strong and negates the tariffs and also meant people spent loads and i mean companies before he tariffs would cut in- trump needs and want a weak dollar- this will come, just didn’t expect it to take this long. Gold will then rise.

[shieldbug] 06/8/2018 12:44

Dollar strength makes buying physical gold more expensive across the rest of the world - subduing demand. Just have to wait this out - pretty sure Trump does not want strong dollar but his actions probably help to strengthen it further.

[juju44] 06/8/2018 10:03

back on the floor again. Miners continue the bear crush

[garycook] 06/8/2018 02:20

Very interesting read on Commodities,and Gold,being undervalued and future movements.

[garycook] 04/8/2018 02:24

03 Aug Centamin PLC Numis Buy 116.50 200.00 - Reiterates

[juju44] 03/8/2018 14:33

I want a rush through 125 and then 130 . Then we are really off

[stevedaytrader] 02/8/2018 20:17

I suspect auto- shorters… goes up at the start on results, then after a certain %, sell off time. Not checked the trades though. Gold poor, still a bargain at this price.