Centamin Share Discussion Threads

[kennyp52] 13/8/2019 19:26

I can believe that juju44 . Corruption is the new norm .

[juju44] 13/8/2019 19:20

Trump cronies making billions with tweet tip offs in advance . What a circus

[stevedaytrader] 13/8/2019 18:17

Yes Kenny was a big fast drop and stable recovery- the higher the price goes the bigger the swings in value terms not so much %wise- will take a lot of news to pare back gold significantly though- fingers crossed as always

[redbaron10] 13/8/2019 18:06

Don't worry it's only a hiccup on the way to pog at $1600oz.Goldman Sachs says it will be so! How can we mere mortals argue with the Masters of the Universe?

[kennyp52] 13/8/2019 17:59

Thanks stevedaytrader .. been off-line most of day and just took a look at POG drop and now recovering to $1500+ . What this seems to demonstrate is the volatility and the impact on POG if US / Chine trade deal is sorted out ? Thus basing my forward view at $1400 and anything above is a Brucie Bonus .

[ramnik007] 13/8/2019 15:35

I think it's because Trump cronies realise consequence to US market if they go ahead with Sept deadline.

[redbaron10] 13/8/2019 15:10

The cynic in me says the reduction of tariffs on a few Chinese goods is more to do with the Hong Kong protests rather than Trump and the US offering an olive branch.Makes it harder for the Chinese authorities to be heavy-handed in HK now.We shall see.

[stevedaytrader] 13/8/2019 15:03

China trade new with USA caused sudden drop in gold price.

[davius] 13/8/2019 15:01

Delays to tariffs on Chinese goods, US up, gold down, Centamin takes a brief kicking...

[plat hunter] 13/8/2019 14:46

Me too QS but why?

[qs99] 13/8/2019 14:14

Cey v dormant given pog rise imo

[plat hunter] 13/8/2019 14:06

I don't think it matters what the spot price is, more so what you can get for it.

Not all miners will get the same deal, it will very much depend on the grade, jurisdiction and local FX rates. As well as the general reliability of the company.

In short, a good product from a good company gets a better price than some artisanal miner.

Basket price over basket cost is a very good ratio to follow and pay attention too. If the basket price is declining, whilst the basket costs are rising and inversely to the industry trend then one might say there is a problem.

More over, if you value what the company should be worth on the spot price then you can work out just as easily, what the company discount should be, pursuant to the basket ratio.

[sidarthur2] 13/8/2019 10:39

Itll be difficult to break 185 i reckon, we'll see in due course...

[kennyp52] 13/8/2019 10:22

A sensible , if succinct , post for a change Plat . Well done . So if forward selling $1520 then with a 5% margin they expect spot price maybe $1600 ? POG at this level puts CEY in 200p territory .

[terry barnett] 13/8/2019 10:00

Broken through resistance. Next stop 164!

[plat hunter] 13/8/2019 09:52

Forward selling at 1520 for may 2020

[dmitribollokov] 13/8/2019 06:26

Should be pretty strong day here today...

[kennyp52] 12/8/2019 23:18

Armaggedon ! Wow . Think I will sell the lot and go tour the world . On a serious note commentaries are growing for $1600 POG so I too have spread my portfolio around the miners with 45% of my portfolio gold with the attitude of taking profits where justified . Could have been in a lot more profit if I’d avoided Centrica ! Got a few other U.K. stocks being held back by Brexit so just going to gamble that no deal will be avoided . If it isn’t then they will , IMO , recover anyway within 2 years . Very volatile market ATM .

[creditcrunchies] 12/8/2019 21:06

There is an Armageddon portfolio - Gold, Cash, Bonds but they need to be from the country with the most powerful military the US. If you're armageddon with a bit of speculation add defensive stocks like tobacco, pharma, fertilizer/animal feed, household products. If you're feeling a bit more adventurous - pawn brokers.

[creditcrunchies] 12/8/2019 20:51

a bit late for me kennyp52 I've been long silver and gold for a year purely for portfolio insurance purposes for me though. My SIPP was around 30% in gold/silver but it's currently sitting at around 20%. So I'll top up for more on a pullback I think 25% is a good number to protect your portfolio it's either that or treasury bonds but I wouldn't be surprised to see negative yields on those eventually

[redbaron10] 12/8/2019 20:31

It certainly pays to adopt a wait and see approach.I can't think of any other asset class that is outperforming physical gold or gold miners at present.Just ticked off Barclays stockbrokers sold off my Lonmin allocation when they were taken over by Sibanye.Sibanye share price was 1500zac at the time.Now Sibanye is 2140zac.Didn't want to sell,but then didn't want the hassle of dealing with another stockbroker.Lesson learned.

[kennyp52] 12/8/2019 19:51

You reckon this gold stuff might be worth investing in then Credit ? 🤓

[creditcrunchies] 12/8/2019 19:49

“We’re now going from trade wars almost into currency wars,” said Whitney George, president of Sprott Inc., a precious metals-focused fund.

“Gold is a currency, but it’s nobody’s obligation, so it will stand tallest when everyone else is trying to debase their currency to be competitive globally.”

Analysts are jumping on the bullion bull market bandwagon:

Goldman have a six-month gold forecast of $1,600;
Citi has said it will rise to the same $1600 level in 6 to 12 months; and,
Bank of America Merrill Lynch sees prices climbing toward $2,000 within two years, topping the all-time record of $1,921.17 reached in the spot market in 2011.

Goldman's technical chartists see the break above 1,453 was bullish in nature.