Centamin Share Discussion Threads

[edjge2] 23/8/2018 21:35

Hotel California: put your money in but you cannot get it out.
Bounce is going to find many wrong footed so I'll keep adding at these crazy prices as cash arrives! May have bottomed at 1060 Au.

[eeza] 23/8/2018 20:05

Well maybe a better fate than Hotel California. (juju's favourite).

[eeza] 23/8/2018 18:07

Ye of little faith.

[juju44] 23/8/2018 18:02

How many times have we heard that over past 5 years - it used to be 50,000$ gold . Never happens

[astjgroom] 23/8/2018 17:56

Good article fangorn, gives me faith in these punishing times.

[eeza] 23/8/2018 17:11

Cue Elvis - All Shook Up.

[fangorn2] 23/8/2018 16:39

Going to get very rocky for sure.

[ifthecapfits] 23/8/2018 16:36

Conclusion of that article Fang

"It is in the nature of market panics that they accelerate. The Fed must respond
soon or watch the whole post-2008 recovery crumble. If it does react, gold will bounce
hard—already indicators such as sentiment and the positioning of traders on the
COMEX are as bullish as they were at the bottom in late 2015. If it does, there is a
chance the Fed can play the same game it has played since 1980, printing up another
NOTE: This material is for discussion purposes only. This is not an offer to buy or sell or subscribe or invest in securities.

round of the credit cycle. If the general pattern holds, gold would likely run above
$3,000 and then fall back as speculative juices take over.
If the Fed does not respond in time or forcefully enough, gold may take a deeper
plunge, but it would open the door to a complete liquidation of the system, including
the Fed itself. As discussed extensively in previous letters, gold on the Fed’s balance
sheet currently backs Fed assets by 7%, the rest by the long-term debt of an insolvent
government and derivatives of real estate loans. In panics, the market makes the gold
backing rise well above 50% ($8,300 currently)—it hit over 100% in 1980, which
would imply a gold price of $16,600 per ounce. Those numbers are based on theory
and confirmed by history. Imagine where the gold miners will be."

[fangorn2] 23/8/2018 16:23

Surely Gold must be coming into its own soon if this is anything to go by.

Credit bust approacheth I suspect.

Myrmikan Research
August 16, 2018

An interesting read.



"Bailing out the investment class transfers wealth from the prudent
and conservative to the profligate and reckless, encouraging them to do it again on a larger scale"

Precisely what has happened since QE

"How, then, will Turkey pay the $429
billion it owes to foreigners ($224 billion of which is held by international banks)?"


Holy moley, didnt realise it was this bad.

[skinny] 23/8/2018 14:51

A mention here :-

[garycook] 21/8/2018 12:35

1.96p at the present GBP/USD exchange rate

[dstorey1] 21/8/2018 12:09

hxxps://www.dividendmax.com/united-kingdom/london-stock-exchange/mining/centamin-di/dividends

[saget] 21/8/2018 11:51

And how much is the dividend, please?

[goldry] 21/8/2018 09:45

Ex divi 30/8, paid 28/9

[juju44] 21/8/2018 09:21

When do we get the divi. payment?

[stevedaytrader] 21/8/2018 09:08

Unlikely- not the best divi this time and the share price falls overnight for the divi amount- not everyone wants the divi for tax reasons... sometimes it goes up, sometimes down... can't back on it.

[bluebell7] 20/8/2018 16:08

Bet we get a bit of a bounce when the dividends due!

[astjgroom] 20/8/2018 13:48

Thought we may recover a bit with the $20 bounce in gold. Thought wrong. Tick tock.

[stevedaytrader] 20/8/2018 09:16

USD drives gold, not the the other way round. Tax cuts (the USA were the only key country to do this) meant money to spend, held up the economy, the rest of the world didn't and therefore couldn't raise rates for fear of recession. USA can raised so can then go back to easing/cutting in headwinds. Tarrifs have meant an extreme amount of buying/trading by USA before they cut in- holding up USA economy too. This meant dollar became safe haven, not gold. Last months non-farms low, wage growth remained stagnant(remember high wage growth caused the big dip in gold in early this year). Headwinds are on the way for TRUMP, just a matter of time- goldie CEY got hammered with poor prod issue reported and long term court case to a lesser extent- RRS had congno, conversely HGM recovered some lost ground recently on prod and also have future low cost expansion capability and recent additional license which is why they been hammered less. Fundamentals are key, as is gold price, I see a rise in gold price and mining shares which are a bargain at the moment- you can't always sell at the top and buy at the bottom but always get somewhere in between and you will always make- potential takeover and divi makes HGM an ace prospect and CEY is a complete bargain at this price. Safe haven will leave the dollar and go back to gold at some point, the ETF's abandonment will cease. Fingers crossed for us all.

[ukgeorge] 20/8/2018 09:04

Well it is ultimately down to the gold price and with it the dollar.

With shorts being at record levels a bounce is fingers crossed the most likely.

But this is gold and trump is in power.

[stevedaytrader] 20/8/2018 08:34

Based on what? I see the reverse.

[chrismcglone] 18/8/2018 22:48

Sub £1 looks inevitable. If so where next. 85p, 60p? I’m not ruling it out as it looks like holders are simply panicking here now. I don’t enjoy watching my investments nose dive and I’ve had my fair share - especially in gold. However, I’m keeping the faith here and will continue to buy modest amounts should it continue to fall.

[jimbowen30] 18/8/2018 12:34

Gold shares are much better value but higher risk. Long term, buy both imo!