Centamin Share Discussion Threads

[action] 22/6/2020 17:14

I understand from one article that central bank accepted gold should be 2400 usd.

[azalea] 22/6/2020 16:26

With the DJIA and S&P 500, UK and EU indexes in the red following on from the Asia Pacific mkts the p.o.g up $12.50, we could easily see it break through $1770 mark this week.

[rose_by_another_name] 22/6/2020 14:55

That last chart is inconsistent with the
Kitco ones.

Edit- Oop, now I see it is FUTURES

[master rsi] 22/6/2020 13:57

Gold rising $16 today so very near to the Important $1770

Gold futures

[azalea] 22/6/2020 11:28

When the hundreds of thousands of Americans who are using the free money handouts by the US government,to make money by day trading stocks, finally get their fingers burnt as companies start reporting significant falls in earnings, we should see an end to the contradiction of a country in recession with millions unemployed showing a rise in stock market indexes.
On my price watch list of 16 LSE listed companies only pubs and CEY are in the blue.

[master rsi] 22/6/2020 10:28

It seems we need to break $1770 in Gold ......

Why Are They So Afraid Of Gold Breaking Above $1,770? - June 20, 2020

With the price of gold hitting $1,750, even after central bank intervention, the question is, why are they so afraid of gold breaking above $1,770?

Gold Is Getting Away From Them

June 19 (King World News) – Eric King: “James, there is this huge battle going on in the gold market. The central banks are throwing everything they can to keep gold under control, under this trend line (breakout) after 7 consecutive days of price capping. But on Friday the price of gold is getting away from them.”

What Are They Afraid Of?
James Turk: “Yes, here is the 8th day in a row and again they are trying to keep it (gold) underneath (the major breakout point). And it sort of makes you wonder, what are they afraid of? And I think what it is is they realize when we break this downtrend line they are not going to be able to stop gold this time in the $1,770s, and we are going to go straight up to the record $1,900 high.
So I think they are throwing everything they can at gold in order to keep it off of everybody’s radar screen. But given all of the money that’s going on around the world they are going to have a hard time doing that.
The market forces…to listen to Turk discuss the failure of London Gold Pool II and the price of gold hitting new all-time highs along with silver click here or on the image below.

[martinfrench] 22/6/2020 10:17

azalea,

thanks for the info

[azalea] 22/6/2020 10:11

martin
Because I do not know how to do that.
However if you search You Tube for Peter Schiff show, 19/5/2020 , amongst others, it will come up with a picture of him with his interviewer with a caption don't let this make you suffer. To the RHS is a statement Peter Schiff : Feds' will 'wipe out' many investors. Gold to return as reserve currency. Hope this helps.

[martinfrench] 22/6/2020 09:44

azalea,

wouldnt it just be easier to post the link, theres lots of peter schiff stuff around that date

[azalea] 22/6/2020 09:42

Gold is an insurance policy against the value of a currency weakening and markets fall into recession, which is exactly what is happening to the U.S. dollar, the worlds reserve currency, because the Feds having been printing the stuff like there is no tomorrow and what has happened to leading economies around the world who are now in recession, with GDP numbers falling like a stone, which will take years to recover.
Last Friday the DJIA and S&P 500 fell into the red zone,as have most Asia Pacific index over night, followed this morning by those in main European markets and the UK. I expect this downward spiralling merry go round to continue, to that end it will interesting to see what happens in the U.S. later today.

[kennyp52] 22/6/2020 08:59

Gold miners = cash rich or substantially paying down debt . Next results that confirm this will drive the share price even higher IMHO . This is while share price has partially recovered on stocks that will not be paying dividends .

[azalea] 22/6/2020 08:30

A gentle rise in the share price already this morning, an indication where it will be when the p.o.g takes off.

[azalea] 22/6/2020 06:06

ameretto1
The shake down this time will be a different one to the March event, whereby gold stocks will not fall along with other stocks and instead rise. Peter Schiff talking on You tube 19/5/2020, explains/identifies the reasons why.

[maturo] 22/6/2020 00:11

Gold
1,761.00 +8.00 +0.46%

[maturo] 21/6/2020 23:43

amaretto1


Stop being the - share w@nker - all the time

Gold is up again tonight with another $4

[amaretto1] 21/6/2020 17:32

We know it going to happen.... but when ... I'm still convinced another shake down is coming before this event

[azalea] 21/6/2020 12:43

A must listen to on You Tube, 19/5/2020, Peter Schiff talking about the inevitable consequences for the U.S.dollar,inflation, Americans earnings & savings in dollars and investors in US equities, resulting from the Federal Reserve printing dollars
in their trillions.

[kennyp52] 20/6/2020 14:05

Jaspoland .. I think their priority in the next few years will be to open up the resources in Cote D’Ivoire , Cleopatra and Burkino Faso ...... if you were not aware of these . Do your research ...there are significant resources to go at .

[azalea] 20/6/2020 07:28

trader536
You know the old saying, it takes one to know one.

[azalea] 19/6/2020 23:06

After 30 years of investing in LSE listed stocks, I closed my account with my dealing desk in London several months ago; but still kept an eye on what was going on in the financial world, which included starting to listen to the views of Max Keiser and his guest speakers.In the latter case, I became so convinced by the negative views they expressed on the actions of the Feds and U.S. Treasury - pumping trillions of dollars into the economy and their forecasts for a significant rise in the p.o.g., I decided to return earlier this week, for the sole purpose of investing in CEY having read the Interim report, which included no hedging, no debt, 379m in cash and especially, the CFO saying "with full exposure to the p.o.g". After buying on Wednesday, despite the ups and downs, I am already making a very modest profit, with the full expectation of making a whole lot more. The rise in the p.o.g. after the UK market closed and when I last looked, the fall in the U.S. stock market indices, I believe augurs well for the price of CEY when the market opens on Monday,

[martinfrench] 19/6/2020 19:34

Well,

If you had the faith today was one of those good days where gold was moving but cey wasn't, even falling most of the day. Not sure whether order filling or a big seller, but days like these you can just load up.

We all know the gold big break out is coming, it's just when.

Hopefully this it.

With the money supply this high, gold has to be above 2000

[jaspoland] 19/6/2020 18:57

Kennyp52. I'd like CEY to use that cash pile to buy AAZ another gold ie with so much potential but then I do have a vested interest. Goldies definitely the place to be currently