Centamin Share Discussion Threads

[stevedaytrader] 11/11/2019 08:54

Thanks Kenny. Fingers crossed- yes, risk off... for now... should see a gold rise this morning and then another one when the USA opens

[kennyp52] 11/11/2019 08:50

Centamin announces that Ms Marna Cloete, Non-Executive Director, purchased 15,000 ordinary shares in the Company on Friday 8 November at a price of 112.5 pence per share. Following the purchase, Ms Cloete holds 15,000 ordinary shares in the Company.

Not exactly massive Boris ?

JLP still steadily rising . Could the stock to be in ATM

[stevedaytrader] 11/11/2019 08:47

How do you know this Boris and what was the trade? Thanks.

[kennyp52] 11/11/2019 08:40

I warned you I warned you .. look at me .. pat me on the back .. I’m insecure .. I need some love . 70p ... you will be waiting a very long time . Bloomberg actually saying risk off this morning after Hong Kong nonsense.

[borisjohnsonshair] 11/11/2019 08:36

Massive insider buy

[alangrifbang] 11/11/2019 08:04

I've no idea what you have said ,I don't read rubbish,now it's time for you to go to school,

[dt1010] 10/11/2019 21:57

I warned you bulls/ostriches!

November 10, 2019
Commercial Shorts Take Over - Downward Phase Back In Play

By Jim Curry
The action with the Gold market last week saw the metal forming its high in Monday's session, here doing so with the tag of the 1517.10 figure. From there, a sharp decline was seen into late-week, here dropping all the way down to a Friday low of 1457.00 - before bouncing slightly off the same to end the week.

Larger Downward Phase Likely In Force
As mentioned in past articles, the last low of significance was expected to come from the 72-day cycle - which was originally projected to trough into the late-September to very early-October timeframe. Here is the 72-day wave chart.

With the above said and noted, the metal did see a bottom on October 1st - right into our late-September/early-October time window. However, gold needed to see a reversal above the 1521.80 figure to actually confirm the next mid-term upward phase to be back in force, something which never materialized.

Gold's 310-Day (Mid-Term) Cycle
For the bigger picture, with the action seen into last week, I am going to suggest that our larger 310-day cycle (chart, above) is already headed down into what is looking to be the Spring of 2020. This is due primarily to the fact that gold is now pushing out of the bottom (and recently rising) 310-day cycle channel.

For the bigger picture, the good news for the gold bulls is that the downward phase of the 310-day cycle is anticipated to end up as a countertrend affair, holding above the prior 310-day trough - made back in August of 2018. If that is correct, then the probabilities are above-average that the next upward phase of this cycle will take gold back above the 1565 swing high into later next year, with more precise details on when we expect this to occur noted in our Gold Wave Trader market report.


As I have said time and time again, PM sector is a sell until Q4 2020...

But hey, it’s only money...

See you at 70p folks....

[stevedaytrader] 08/11/2019 20:59

No Kenny- we are following the intra-day gold price, uncertainty of results is priced in though. From the look of the Dow now, the Trump news on no complete agreement on what "some" rollbacks could be, seems to have now been ignored- gold mirror this too. Have a good weekend.

[kennyp52] 08/11/2019 19:04

Beginning of October I think it dropped to this level and US China deal now priced in it seems ? So it’s still not yet material .

[stevedaytrader] 08/11/2019 16:04

Trump twee helping, not complete reversal but puts some doubt

[stevedaytrader] 08/11/2019 16:04

Trump twee helping, not complete reversal but puts some doubt

[creditcrunchies] 08/11/2019 14:27

gold could hit 1380 to be honest it would still be bullish, that's the retrace I see anyway

[stevedaytrader] 08/11/2019 12:23

Agree Martin- Casual and I have been banging on for years that stock market crash is bad for goldies as well- history has proven this.

[martinfrench] 08/11/2019 11:25

i'm not entirely sure if (i wasnt into gold during last crash) the best actual place for centamin traders to be is the run up to a crash with gold increasing (not my short term view), because when crashes occur gold stocks do actually fall as well.

Historically they always have. So the window for gold companies is a slightly wierd one.

[cinquepercento] 08/11/2019 09:30

Stevedaytrader:re:wind up:

Yes,sometimes a share drops or goes up against our expectations and we get angry.

We need someone to blame as our egos won't let us blame ourselves.

We did not plan for it. We did not get it right.

At the end of the day,it is up to us to anticipate every scenario and have a plan of action.

We have to learn how to take advantage of these situations,buy and sell the zigs and the zags on the way down to lower our breakeven,go with the flow as several people here are apparently doing already.

So don't shoot the bearer of bad tidings.

We should have been planning for it.

Thank you for your rapt attention and for listening to me talk the talk.

:-)

[kennyp52] 08/11/2019 09:22

In respect of POG it feels like a retrace and tending to agree with other posts that maybe $1420 . I would be happy at this level for the next 12 months as an average . CEY can report significant profits off the back of that kind of price and share price has traded higher at much lower POG . BUT ... they have to get the production sorted and hopefully the next RNS will reveal a significant improvement as the share price IMO is already reflecting some ongoing concern .

[stevedaytrader] 08/11/2019 09:05

It's just a wind up Kenny, and quite entertaining- it's on every bulletin board- when a share price drops on any, some people always paint another massive drop figure- just read it as entertainment- what is good at the mo, stocks are up, gold is up- on this stock with massive cash in the bank as well as mining at these prices which will continue for a while, a great long and also to trade in and out for those with the time. Boards don't influence, there are soooooo many of them- ETFs, RNS, etc etc etc. rule. As I've said several times before- intra-day gold movements matter for the day trader.

[kennyp52] 08/11/2019 08:38

So DT1010.. there is no way you hold shares in CEY as they are going to crash according to your learned opinion . So what is your purpose on the board . To say “I told you so” ... because you need to be patted on the back ? Or are you a “basher” seeking to drive the price down then buy cheap? The latter is worth noting the FCA message at the bottom of the page . Anyone thinking DT1010 is trying to manipulate this share can make a report . Simple

[kennyp52] 08/11/2019 08:25

Production production production

[dt1010] 08/11/2019 08:24

Oh no, I’ll be commenting all the way down. Just to enjoy reinforcing how wrong all Plat’s frat pack were lol

[cinquepercento] 08/11/2019 08:05

DT1010:

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

Does this mean that we will not be receiving any further posts from you till next year?

Well,well,well.

I am sorry to hear this.

[alangrifbang] 08/11/2019 08:00

Well well well DT1010 we are all still here us long term share holders and we are all still happy,now get ready to go to school,

[alangrifbang] 08/11/2019 07:59

Well well well DT1010 we are all still here us long term share holders and we are all still happy,now get ready to go to school,

[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