Centamin Share Discussion Threads

[plat hunter] 07/11/2019 19:59

Foxtons doing well I see, they're almost 10% down since you've been banging your drum yet CEY has held up.You really are a fool

[dt1010] 07/11/2019 19:14

Well well well.... I warned you all ...I said Gold was about to get hammered and look what’s happened...Trump will
Indeed use the timing of a Trade Deal with China to boost his electoral success and bouy confidence in equity markets ahead of his re-election....all of which will be BAD for gold and BAD for gold miners therefore.

Like I have said....

See you at 70p next year.... ;)

Gold will be a buy as will it’s miners in Sep/Oct 2020.... and not before.

Ergo get out of any long positions in Gold
Stocks....

You know it makes sense Rodders.

Buy them in Sep/Oct 2020

[stevedaytrader] 07/11/2019 18:46

Thanks Martin- will take a look. I think there will a slowdown and gold will rise again, and a crash is very bad for all incl gold stocks, so will out if I think this is on the cards- although as you say sooo hard to predict, so will prob be out well in advance. Will take a look on AOI- cheers.

[martinfrench] 07/11/2019 18:23

trump (or any US president) will manipulate the mkt until he no longer can get away with it. we all know how this ends, seen this film before havn't we?

so for now think gold struggles but it wont be that long, however predicting crashes ridiculously hard to do. and the way things are stacked up, its never a soft crash these days.

Steve,

If your interested in a fantastic ridiculously good oil play that has stunning assets already proven, plus some upside on new drills, look at AOI (Africa oil). tsx listed, partner with tullow, eco, few others, currently 1.40, if you can get anywhere near 1.20 for some safety then pounce.


Thats a rare ramp from me. But they are top quality, will get bought out (they are more of an oil fund).

[plat hunter] 07/11/2019 18:20

Inflation erodes the value of currency... Gold is an inflation hedge during periods of expansion.Gold won't fall below 1350 and that's good enough for CEY anything above that is brucie.

[stevedaytrader] 07/11/2019 17:57

Martin, I agree, it's hard to see a quick move up on gold- the USA indicies drive all, and any good news eg the trade war, even though not yet signed, seems pushes the indicies higher- no wants the march to stop, so no dent. Of course, a dent will happen, but as you say, hard to see pre-Trump re-election. With gold jumping so quickly, it's a tough one to see where it move to- although I think the days of high volatility are ever increasing- good for trading, but needs to be kept on top of. Good in oil- I've no knowledge there at all, but on a quick look at the charts, looks like a mover :-).

[martinfrench] 07/11/2019 17:40

steve,

I'm going to be bit more focused on oil in next 12 months rather than gold, think gold will restart after the election personally....but oil has a bit of catching up and see it settling at 65 mid term. There are so many manipulations that leaders can do, so think gold will be undewr pressure

Then i see the real effects of monetary policy and oil will reverse a bit and gold will get stronger (but this is around 18 months - 2years)

so for now, more oil focus for me.

[stevedaytrader] 07/11/2019 17:35

Hard to see where the bottom is for now MartinFrench- gold stocks held up well considering, for now

[kennyp52] 07/11/2019 16:16

Took out my holding on back of jobless and a deal hovering .. 116.4 was good enough but could have should have at 117.2 . Will wait to see where the dust settles now and buy the same shares back cheaper .

[martinfrench] 07/11/2019 16:14

personally think gold is heading back to 1420, trump will be playing the us-china trade deal perfectly for the election and will make it happen, bad for gold.

thereafter i think gold goes much higher

[martinfrench] 07/11/2019 16:13

think you need to rethink that post kenny.....

[stevedaytrader] 07/11/2019 15:55

Hi Kenny- the general term "risk on" means bad for gold, good for stocks.

[kennyp52] 07/11/2019 15:26

So risk on means people more like to a risk . Gold suffers . Jobless figures good from US . Not a great outlook today.

[stevedaytrader] 07/11/2019 08:10

Possible trade tarried rollback hit gold a bit

[plat hunter] 06/11/2019 18:34

Gold is expensive, trade is imminent as is inflation and spending.The apocalyptic demise of precious metals is a little dramatic though and definitely misplaced.Perhaps there's more than one way to skin a cat and not everyone here is punting their lot on a single particular outcome?

[dt1010] 06/11/2019 18:30

Gonna happen though and when it does...risk on.

[stevedaytrader] 06/11/2019 16:52

Breaking- trump/ Xi meeting to sign trade deal could be delayed

[kennyp52] 06/11/2019 15:54

Just a thought ....

The WGC has estimated that central banks now hold nearly 34,000 tons of gold. The Federal Reserve is reported to hold the most, amounting for almost three quarters of the nation's foreign-exchange reserve pot.

So it seems to me that with circa. £1.6 trillion if my calculator has enough noughts ... the banks have a vested interest in gold retaining its value .

Just a thought .

Another thought ... this tonnage is just the central banks and with the Basell III rules for gold being treated as liquid assets on banks balance sheets it explains why gold is so popular and IMO will continue to be as a safe asset and a currency hedge .

[kennyp52] 06/11/2019 07:49

Thanks Plat . POG bounced off $1480 again . Hopefully it holds or Trump tweets . I did maths on FRES and next results should show a bottom line improvement which might get it going .

[plat hunter] 06/11/2019 06:52

Sold out just at over 9 on the last bounce but got back in too early at around 780.. been adding on the weakness since and averaging circa 700 atm.I see 860 as a very achievable target, just need the fins to come out and it'll be away again.All imo of course

[kennyp52] 06/11/2019 00:49

Plat where you at on FRES . Decided there was enough in the last update to get back in at 663 then 603 . Paper profit but think it could recover to 800+ with the price of silver ??

[onedb1] 05/11/2019 23:53

Personally don't mind a contrarian view . I equally think I may have made a mistake on my last trade but hey I realise why . Still open but stop loss is not too far

[plat hunter] 05/11/2019 21:38

Don't filter him, he's comedy gold.

[kennyp52] 05/11/2019 21:03

Filtered ... tosspot