Centamin Share Discussion Threads

[creditcrunchies] 07/6/2019 22:50

thing is trader365 with commodities they're like forex momentum means jack unless you look at weekly or monthly charts, their bull cycles are much longer than stock cycles. It's not easy to pick up whether they're in a bull or bear the bull markets take years to gain traction then when they do they're are quite literally vertical lines up that go on for months and years. You could get Silver sitting anywhere between 9 to 14 USD then boom it'll hit 25, then 30, then 40 then 50 then 55 all within 2 years.

That's why I think Silver is a better indicator on PMs when that goes parabolic you know we've got a serious stimulus program in play. Until then Gold is mildly bullish.

[trader365] 07/6/2019 16:23

Gold too fast too soon, it’s way above 40ema my guess is a pullback to 1300 before next leg up

[creditcrunchies] 07/6/2019 16:13

probably depends on the Fed if they hint on rate cuts or QE it'll smash through it if they don't it'll drift down, at some point they'll talk about it just to keep markets up. If they cut rates it'll do absolutely nothing except slam the USD down there isn't any stimulus in rates because they're almost zero already. It'll have to be QE and lots of QE

[trader365] 07/6/2019 15:45

Big resistance at 1348 a possible pull back on the horizon

[naithani] 07/6/2019 15:41

Gold crossed $1350. Hope it stays above this level.

[trader365] 07/6/2019 15:27

Why you worried about a 3 year plan when you're bailing out after a 2 penny move, clown!

[martinfrench] 07/6/2019 14:10

were lagging behind fres, would prefer for us to be 104 ish by now on this gold move.

can it break 1350 is the big question...

i'm assuming no one on here has any idea when the fwd looking statement comes out, all i know is h2 2019 so this month ?

[stevedaytrader] 07/6/2019 13:50

Kenny- UK George posted earlier (thanks)- according to website Q2 is 18Jul(so I guess within this RNS). Where the 70p from Prat? Rising nicely on US data today- anyone who ignored him and went in low eightys has made an absolute packet even if they sold now :-).

[kennyp52] 07/6/2019 13:45

Anybody know when the 3 year plan is going to be announced ? Nothing on the CEY calendar

[creditcrunchies] 07/6/2019 13:41

awful US jobs and hourly earnings numbers so gold has pinged up as the odds on QE increase

[creditcrunchies] 07/6/2019 13:36

fanstasy gamblers anonymous there's always entertainment here

[stevedaytrader] 07/6/2019 13:30

Big miss all- :-). as per my earlier msg the jump- wages ok too. Happy days :-).

[dt1010] 07/6/2019 13:20

15 mins until NFP

[trader365] 07/6/2019 13:13

Plat he has 2 brain cells, one is lost and the other is looking for it, but he does provide free entertainment

[plat hunter] 07/6/2019 12:31

Not sure why you don't have him on filter, trader?? He's a fantasist with multiple ID's, who only claims his trades after the event.Anyone can do that but not everyone can remember what they've previously claimed, he certainly can't

[ukgeorge] 07/6/2019 12:17

hxxps://www.centamin.com/investors/financial-calendar/2019

18th July for Q2
31st July Interim results

[stevedaytrader] 07/6/2019 11:44

NFP shortly- 185,000, a significant drop from May's 263,000 predicted- so less than 185,000 will move gold up a bit, exceed will do opposite. Movement an hour or so before this in anticipation, but not always right. Fingers crossed all.
Wage growth (or not) also a key indicator as to supply of labour being a constraint, not lack of company demand. Read interesting article on USA tax drops benefitting consumers last year, all but wiped out by tariffs imposed. FED likely to provide stimulus, 2-3 cuts most likely, but the first not imminent.
Has anyone got any idea on the announcement date of CEY forward predictions, or next figures based RNS? I've heard guesses, but nothing solid?