Centamin Share Discussion Threads

[huncher] 29/6/2020 17:02

What if any is the impact of Joseph stepping down - clearly had local influence.

[huncher] 29/6/2020 17:02

What if any is the impact of Joseph stepping down - clearly had local influence.

[picardy] 29/6/2020 16:06

I remember cause I bought my holding in the mid to high 140s. But it is not a big deal, I agree.

[martinfrench] 29/6/2020 16:02

prob difference between intra day and close, although quite large difference

[azalea] 29/6/2020 15:56

Well, we will have to agree to disagree. No big deal.
Look out on Thursday for U.S. market data and unemployed numbers. Closed on Friday ahead of 4th July

[picardy] 29/6/2020 15:23

No, no, it was 146p or thereabouts, I remember, and then it went up to 185p or something like that in the last couple of days.

[azalea] 29/6/2020 15:21

Picardy your 228 post dated 29/6/2020

"CEY went up 40p In the last couple of weeks".

According to Morningstar data, between 1/5/2020 and 26/6/2020, CEY went up from 154p to 177.8p.

[azalea] 29/6/2020 14:32

Martin
THE gurus on You Tube explain in detail the various mechanics of how the next crash in the U.S stock market will come about this year, resulting in a VERY significant rise in the p.o.g. The inevitability of this event is clearly explained by Peter Schiff, in his latest talk on You Tube.
Given your last comment "so I trade a bit reluctantly and its playing with fire, really", I sincerely hope you do not get your fingers burnt. I for my part, am not budging one inch from my holdings, unless all the pundits on You Tube are proved wrong, in my dreams I tell myself.

Edit: Between the 12/2/2020 and the 25/6/2020, the DJIA has fallen 2,806 pts. .

[picardy] 29/6/2020 13:15

I have listened, Azalea, to a lot of commentaries and I confirm, I am yet to see a one with a bearish case on gold. I've been posting the links to these myself a couple of weeks ago. But I am growing a little bit suspicious of these as well, you know what usually happens when every Alec in the City predicts a bull run on something. On top of it, CEY went up 40p in the last couple of weeks, due a bit of a respite anyway on TA alone, I would have thought. But I will not be surprised if it continues its rise, I am usually extremely bad at predicting the tops for CEY.

[azalea] 29/6/2020 13:05

Picardy
Fair comment and you are not alone. However, if you have not already Googled Peter Schiff and listened to his(and others)latest case -circa 15/6, for the p.o.g, on You Tube, you will I suspect, find it a very compelling one.

[mstate] 29/6/2020 13:04

My thoughts also Picardy. I t hink we will see an initial crash in everything but Gold will eventually go higher. The 2008 stock market crash took place on Sept. 29, 2008,check the Gold price soon after

[picardy] 29/6/2020 12:51

All this is true but look at the chart in March when the market crashed. Did it matter that CEY and gold were the safest bets? No, it did go down in tandem with the rest. So, I am taking my chips off the table for a while. Might be wrong (it will not be the first time!:)

[azalea] 29/6/2020 12:28

Picardy
IF the U.S. market crashes in tandem with millions of investors selling their holdings in an attempt to salvage whatever profits remain, millions of others who have an income and money in the bank, who see their dollars buying less at the supermarket, they will seek to put their savings somewhere safer - historical in stronger currencies, gold bullion and stocks. Once the value of the dollar drops significantly, other currencies will follow, which just leaves gold in which to put ones money; whether it be gold bullion, or shares in gold producing companies, in both cases the the price of gold and company share price will rise.

If you can refer me to two reputable financial sources who disagree with these views please do. That said, In reading the statements relating to the p.o.g made by a number of financial pundits on You Tube, I have yet to read one, who is not forecasting a very significant rise in the p.o.g.

[azalea] 29/6/2020 09:45

After all three U.S. indexes got hammered yesterday, all major Asia-Pacific indexes were notably in red at the close, whilst this morning EU and UK market indexes were gently in the blue.

News over the week end that there have been a number of U.S. states reporting significant rise in virus related infections and deaths, resulting in Texas, if not others reimposing lock down procedures, if the aforementioned are not halted in their tracks, the U.S. stock market could experience a continuing fall this week. So much so, the Feds with its No1 priority to stop the market crashing(an event that an increasing number of pundits are predicting), It may have to inject further trillions of dollars into the economy, to support the market.

IF, the Feds do take such action,it will inevitably weaken the value of the dollar which in turn would culminate in a very significant rise in the p.o.g., an event that pundits are are already predicting is inevitable.

[plat hunter] 29/6/2020 08:34

Lol Rose... yes I did :-P

[rose_by_another_name] 29/6/2020 07:05

"Buy when the share price is greater than 10% of the
GOLD price and sell at 10% and less."

Sounds like buying high and selling low.
Did you mean the other way round?

[kennyp52] 28/6/2020 20:49

Ideal share for that Plat . Good luck

[plat hunter] 27/6/2020 20:38

No i took capital out a couple week back when it was last at 170 then the rest at 150.Just trading it for fun on my spread account now

[kennyp52] 27/6/2020 19:34

I hardly think the share price closing down 0.90p on the day is a worry given the POG recovered after close of our trading to $1771 🤔
You still targeting 220p Plat or is the volatility tempting you to take your profit ?

[plat hunter] 27/6/2020 14:49

You can manipulate any market if your stack is big enough