Centamin Share Discussion Threads

[azalea] 19/6/2020 17:34

Seconds ago the DJIA. S&P 500 and Nasdaq were in the red.

[azalea] 19/6/2020 16:43

The U.S. economy today is in a far worse state than it was in March and the former's influence on the P.O.G. is much greater. Since March, the Feds and and U.S. Treasury have pumped in trillions of dollars into the economy to no avail, virus deaths are over 112,000, unemployment is circa 40m, company earnings are falling, businesses have closed never to reopen, with government expenditure far outweighing income. If we see a repeat of March there will be no quick recovery this time and the P.O.G. will continue to rise.

[rose_by_another_name] 19/6/2020 15:40

Gold through 1740

[action] 19/6/2020 15:22

I need steady to moderate weak stocks and higher GOLD and PMS prices. That way you get best pei es for CEY. If there is a freefall in stock prices even CEY will suffer. DYOR.

[action] 19/6/2020 14:23

Gold and PM matter may do well in stock markets turmoil.

[stevedaytrader] 19/6/2020 14:12

There's little to no chance of lower than the lows now for the reasons I've posted over the weeks- go short here if you think this is the case, just look at what CEY did during the March lows...

[azalea] 19/6/2020 14:03

The P.O.G will hit $1800oz before the end of this year regardless of Covid-19.

Edit
ACTION
Wow, if anywhere near that size of a fall happens, the p.o.g will be going in the opposite direction.

[action] 19/6/2020 14:02

Shree contributor on CNBC just now said we are going to lower than March20 in stocks and Treasury yield will go down to 29 basis point.

[azalea] 19/6/2020 10:05

When investors in the U.S. discover that company earning are falling despite the trillions of dollars the Feds and the Treasury are pumping into the economy, U.S. stock market indices will begin to accurately reflect the state of the U.S. economy as its numbers start to fall, which in turn will trigger a significant rise in the P.O.G.

[larry laffer] 19/6/2020 09:05

Thanks Kenny

[kennyp52] 19/6/2020 08:51

Larry laffer ... your dividend question ... CEY has a free cashflow dividend policy which can only be amended in AGM I would think ... so they will almost definitively be paying a dividend . Nice to see one of my other favourite shares National Grid have maintained their dividend .... many will not be paying anything for 2 years IMHO .

[azalea] 19/6/2020 07:29

P.O.G. is on the move -up

[azalea] 18/6/2020 12:40

Having just listened to Max Keiser -16/6/2020 and his guest speaker James Turk - goldmoney.com. talking about the P.O.G. and where they think its going, I have bought back in. Definitely worth listening to what they have to say.

[larry laffer] 18/6/2020 12:12

Pile em high when they are cheap......

Go low when the fat lady sings......


No better strategy. 😂


Having said that I have to admire people who can day trade and make money. I tend to be long more often than not.

[kickingking] 18/6/2020 11:59

Maybe it was not clear enough. Selling 11k when price was 12.5k means I sold 110% of my original stake of 10k and left 15% profit from my initial stake of 10k thus 1.5k or 15% free shares.

[luffness] 18/6/2020 11:18

Well being picky you dont. You sell 88% and leave 12% invested...

[kickingking] 18/6/2020 11:10

Everyone has different strategy at playing this game. I give you mine pretty simple. Say I invest 10k when I'm 25% up I will sell 110% and leave the 15% as free shares. When price drops rinse and repeat. This way if price rises you still have your free shares rising. In above example so 10k sell 11k and have 1.5k free shares. Might not sound much but it an easy way to build up free shares. Would be interested to here others strategies. GLH

[martinfrench] 18/6/2020 11:06

gold doing funny things, i'm sure i saw it drop 10 dollars in seconds....building back up until the claimants at 1.30

[azalea] 18/6/2020 10:45

SP is dropping, pleased I took my 3% on half my total input. A profit is a profit.

[martinfrench] 18/6/2020 10:08

Larry,

the trades have always been there, its just getting harder to read, especially at this gold price trying to break 1746, but will eventually.

i also avoid cey results, dont usually hold before that, has been too risky in the past.

these days i go in for say 8000 cey, add more on weakness or let it ride if goes up. I also like to split the sale as well, so i'm not exposed too much and get any gains from the remaining half. avoids the fomo taste in the mouth. The downside to that is that you usually sell too early but i'm happy with my style.

[larry laffer] 18/6/2020 09:56

CEY share price characteristics these days are such that the opportunity to scalp a few pence presents itself nearly every day.

If you have the time and the capital it makes sound common sense to do so. Good luck to those who have done so.

[kickingking] 18/6/2020 09:53

Well done to you. It's easy making 10k with a large pot but doing it with a reasonable amount of 12k is good going. If 10k is not good enough for some then they have more money than sense.

[martinfrench] 18/6/2020 09:50

Trader,

Lots of us do what Kenny has said and yes it can be quite easy and it works

My cey profits are also around what he suggests so can be done