Centamin Share Discussion Threads

[stevedaytrader] 08/7/2020 18:08

Gold holding well Martin- let's hope for continued hold or rise overnight- will be watching footie tonight rather than markets lol :-).

[martinfrench] 08/7/2020 17:56

Technically I agree with Steve on the housing crash, recent house movements to the downside usually mean a nominal drop of day 10 percent but then years of stagnation while inflation gathers.

So not massive nominal price drops just long term stagnation.

[return_of_the_apeman] 08/7/2020 15:51

Most likely they will try at the end of the gold trading session imo

Looks like it has got away from them now just like it did at $1350

[redbaron10] 08/7/2020 15:25

Huncher.....there speaks a person who knows his/her parsnips so to speak.Don't you just know they're probably cooking up something with this present pog.During the Great Depression they forced US citizens to sell their gold and were told to hand over any physical gold assets they had.It just shows you the measures the authorities can take if forced to.

[huncher] 08/7/2020 14:30

Fed must be working furiously to arrange a paper gold smash.

[redbaron10] 08/7/2020 14:01

The big conundrom is inflation or the possibility of stagflation.This deflationary global environment can't last forever can it? The tech disruptors like Amazon and other online retail have pretty much seen off the bricks and mortar high st competition,who've had to slash prices to compete, so where do prices go from here? Every product costs something to manufacture,ship and distribute.There has to be a profit margin in it to be viable.Retailing using wholesale pricing structures can only be done for so long.As the saying goes,turnover is vanity,profit is sanity.Oil prices and other commodity prices depend on capex spending by companies in those industries and that is being massively scaled back.I appreciate wage costs are being squeezed and many employees in many countries have had no wage increases for years,but can living costs stay forever low too in a small way compensate for this? I just don't believe inflation can stay dormant,relatively speaking,as we have seen for a good few years now.Underlying inflation is growing even if the headline figures don't reflect this.I see a slow gradual build up of inflation leading inevitably to stagflation.How long the time horizon i'm not sure but imho it's coming.

[stevedaytrader] 08/7/2020 13:54

Of course not Plat, there will be impact(not sure exactly what yet, but then not planning any changes to my portfolio as rental income remains strong for now)- merely stating, with an example, one of the key indicators why I see no "crash in the UK housing market"- there are many others indicators which point to there not being a crash.

[plat hunter] 08/7/2020 13:19

Steve are you suggesting that they'll be no economic impact on the housing sector, purely on the basis of your niece completing?

[stevedaytrader] 08/7/2020 12:59

Don't see a housing crash, rates too low- my niece just completed on a property and her 25 year repayment mortgage is £400p/m less than she was paying in rent... not to mention that in 25 years she will have paid for it, so effectively rent free- a big gain even if the property doesn't go up in 25years...

[martinfrench] 08/7/2020 12:04

tree shake attempt ?

[martinfrench] 08/7/2020 11:57

not a bad summary U.

[adg] 08/7/2020 11:44

"Yesterdays fall started slowly but gather speed dramatically."

It depends what scale you have - a 0.15% drop isn't even a hiccup nor worth commentary

Unnecessary dramatisation of a total a non-event

Had it dropped a few percentage points or more and had "started slowly but gather speed dramatically." then that would be worthy of comment but 0.15% ....... come on man!

[redbaron10] 08/7/2020 10:54

Gold ticking up nicely.It sold off quite sharply the last two times it hit resistance at the psychological level of $1800,but third time lucky breaching it and a bit more bullish sentiment hopefully.US presidential election four months off and will soon be coming into sharp focus for investors.I've got a good idea how Trump's re-election might impact pog,but Biden is a hard one to call.I think Fed chairman Powell's life would be a little more comfortable with Biden!! Not that clearing up the economic mess caused by this pandemic is going to be an easy job for anyone.

[martinfrench] 08/7/2020 10:17

well, you get all sorts on here tbh azalea.

why dont you just blend back a bit a become a regular member rather than commenting on everything that moves ?

you dont need to act like you command the gold price, we all know where its going, so you will make money.

there were comments yesterday from one fomc member, said pretty much will do whatever it takes and no real limit to bond buying by them.

also think second US wave isnt that far off, maybe buffett was right to hold off.

[azalea] 08/7/2020 10:12

Martin
When posters misrepresent what I have posted, as you did the other day, I feel its only right that I correct them.

[martinfrench] 08/7/2020 09:46

be amazed if it holds though but hope it does, but think we need a weaker dollar to fuel the big rises.

perfect storm potentially approaching, production report (monday ?) and 1800 gold

[spacedust] 08/7/2020 09:41

1800 breached

[martinfrench] 08/7/2020 09:36

you are going to get a bit savaged on here azalea as you have set up camp and seem to answer everyones posts like you are the go to authority and moderator, so its no wonder you get some of the replies you have been getting.

from my experience of reading your stuff, you dont really seem to know the fundamentals of gold rises and if you do its from a video you watched last night. any questions outside of your latest youtube video and you cant really answer, until the next installment.

you are clearly long and yes great we all are and all hopefully making money.

but you are pretty transparent.

[azalea] 08/7/2020 08:25

Did I say it was a gargantuan drop? Yesterdays fall started slowly but gather speed dramatically.

[trader536] 08/7/2020 08:23

‘Talk gold down’ lol that’s a good one clown

[kennyp52] 08/7/2020 08:18

Azalea .. you mean you are thinking of taking profits then going to talk gold down to buy back in ? 🤡