Centamin Share Discussion Threads

[jimbowen30] 13/9/2018 09:59

Charles,
Not being defensive at all. I've just mentioned some quality companies (including CEY) but AAU belongs in the AIM bucket shop with the likes of Stratex. Taking a 2-3 year view, I know where I'll be investing.

[charles clore] 13/9/2018 09:26

gary - I hold CEY you to$$er. AAU hasn't lost over 50% since May. Think about that before jumping down the throat of anyone with an alternative view.

[jimbowen30] 13/9/2018 08:36

ken tennis
Re AAU I made the same comment. Their production is about 5% of CEY's. There really is no comparison and AAU is just another low quality mining company listed on AIM. AAZ and HUM are far better investments imo, for those looking for diversification. There's also HGM, which yields 8%.

[fangorn2] 13/9/2018 08:29

Interesting to see blackrock has nibbled a couple more percent on this ridiculous drop.

[fangorn2] 13/9/2018 08:22

Ray Dalio Spells Out America's Worst Nightmare
This article by Brian Chappatta for Bloomberg may be of interest to subscribers. Here is a section:

Ray Dalio Spells Out America’s Worst Nightmare"


“We have to sell a lot of Treasury bonds, and we as Americans won’t be able to buy all those Treasury bonds,” Dalio said. That means foreign investors will have to step up. And they probably would, as long as the dollar remains strong.

Otherwise, Treasury’s dollar-denominated interest payments to buyers in China, Europe and Japan will be worth less and less.

But, to Dalio, that’s not going to happen. “The Federal Reserve at that point will have to print more money to make up for the deficit, have to monetize more and that’ll cause a depreciation in the value of the dollar,” he said. Pressed by interviewer Erik Schatzker, he said “you easily could have a 30 percent depreciation in the dollar through that period of time.” For context, the Bloomberg Dollar Spot Index fell 8.5 percent in 2017, and that was considered massive.

It all leads up to this critique of how the U.S. has gone on a borrowing binge in recent years. Remember, the $15.3 trillion Treasury market was the $4.9 trillion Treasury market a decade ago.

“We have the privileged position of being able to borrow in our own currency because we have the world's leading reserve currency. We are risking that by our finances — in other words, borrowing too much.”


Eoin Treacy's view
Unfunded liabilities are not only a US problem but are something that governments right across the OECD will need to eventually address. Ray Dalio’s view that the rise in populism we are seeing today is a symptom of a wider problem gels with my own. Considering we are seeing this disaffection with the status quo during an economic expansion where unemployment is low, it is likely that the jump to the fringes of the political spectrum will only intensify during a recession.

[ukgeorge] 13/9/2018 06:39

Gold back over 1200 should be a positive day for cey. :)

[ken tennis] 12/9/2018 20:49

Lodgeview it sounds a nice name is it after the house where you live if so very cool.
You seem a decent guy I have read a few of your posts and its a bit of a bummer at mo being down as im in the same boat but just hold out this will come good eventually.
Im in FRES just to make you feel a bit better im down £17 k on my investment there at present price but in a year its good for around 1350 so that will do me just fine.

[charles clore] 12/9/2018 20:44

Ken - good luck to you mate!

[mhin2] 12/9/2018 19:44

Juncker has raised the issue of dollar dominance, China has also, in the past, hinted at it. There was talk of China wanting a gold backed currency. Plus the US has massive debt, the dollar is over-valued, and Trump has over stretched US leaverage. Countries are starting to Kick back. Wasn't Saddams idea of pricing Iraqi oil in Euros one (possibly the main) of the reasons the US went to war with Iraq? Futher, from my understanding, shorts on Gold were/are at a record lever...these need at some point to be closed, and definitely before the impact of tax cuts, public spending and the increased cost of tariffs hits the US economy.

[lodgeview] 12/9/2018 18:25

Gold putting on quite a surge today!

[lodgeview] 12/9/2018 18:02

Gold currently at 1205. Let's hope for a decent rise and the share price follows!

[juju44] 12/9/2018 15:11

Fund % short Date changed
FIL Investments International 0.06% 13 Sep 2017
FIL Investments International 0.52% 12 Sep 2017
FIL Investments International 0.75% 11 Sep 2017
FIL Investments International 0.88% 8 Sep 2017
FIL Investments International 0.92% 14 Aug 2017
FIL Investments International 0.84% 9 Aug 2017
FIL Investments International 0.71% 8 Aug 2017
FIL Investments International 0.60% 3 Aug 2017
FIL Investments International 0.51% 31 Jul 2017
Marshall Wace LLP 0.48% 16 Feb 2017

[edjge2] 12/9/2018 13:56

JUJU that is surprising as it shows all the signs of being shorted. Allowed a DCB today.
Brexi seems to be affecting gold miners

[charles clore] 12/9/2018 13:28

Does anyone know the current short position?

[gymratt] 12/9/2018 13:25

If this has been shorted the shares will have to be bought back at some point.. depends how greedy/brave the shorters are!!

[gymratt] 12/9/2018 13:23

Had two nibbles today: one at 87p and another at 89p. Way oversold imo.

[ilostthelot] 12/9/2018 13:13

85p was called as a bottom. Time will tell. Technical bounce at least for now.

[juju44] 12/9/2018 09:27

When the bear dies the bounce will be strong

[edjge2] 12/9/2018 09:25

Small bounce up today for a change