Centamin Share Discussion Threads

[martinfrench] 21/7/2020 09:22

hope you all (except a certain person) took advantage of that nice drop after crazy first half an hour

[sotolo] 21/7/2020 09:11

Azelea worth watching the price of gold in sterling as that is what are shares are in; it is dead flat today as are our shares

[kennyp52] 21/7/2020 08:58

100% agreed Martin ... ah well ... it’s a public board so you have to tolerate this kind of thing . Might disappear when they take the profit they are ramping for .

[martinfrench] 21/7/2020 08:54

just no stopping it, is there kenny.

too stupid to understand other peoples points and no clue about the gold mkt....just an attention seeker alienating other posters, something we could do without

[kennyp52] 21/7/2020 08:46

Ssshhhhh ... every time you open your trap it corrects back again

[azalea] 21/7/2020 08:23

As the p.o.g. heads for $1825, CEY share price heads for 200p

[kennyp52] 21/7/2020 07:30

$10k an ounce ... I can’t take that seriously .

[martinfrench] 21/7/2020 06:50

I'm pretty sure he was referring to a bull mkt in gold only, not a general bull mkt.

Which, if true, means you have just contradicted yourself

[azalea] 21/7/2020 06:23

chris
If one were to accept that a bull market is dependant on and generated by the U.S., then, given the state of its economy, which most, if not all economists/financial pundits judge to be in recession and in the grip of a virus pandemic, with unprecedented levels of unemployment and debt, with the former set to rise and the latter to increase by circa 1.5 trillion dollars, when the Senate approves an imminent second PPP, I do not see any signs of a bull market let alone a continuing one.

[chrismcglone] 20/7/2020 20:33

Since the Gold Standard was abandoned in 1971 we’ve had 2 major Bull Markets;

Bull Market No.1 actually started in Dec 1969, ran until Jan 1980 and we saw a +1,519% increase in price over 122mths.

Bull Market No.2 ran from Aug 1999 until Aug 2011 and saw a +611% increase in price over 145mths.

We are now in Bull Market No.3. If we take it having started in Nov 2015, we have so far seen a rise of circa 65% over 56mths.

I think we have longer and higher to go. Much higher. Trying to realistically place a ‘true’ value on the price of an ounce of gold isn’t easy. There are many variables. I like to dream and imply picking one - the M2 Money supply and it’s stratospheric increase since the days when paper was backed by gold - would give us a value of over $40,000 an ounce.

I think somewhere between here and $10,000 an ounce is more realistic - and likely. It’s certainly more (a lot more) than $2,000 and this Bull Market is only just getting going.

[kennyp52] 20/7/2020 19:34

Umatingytribe ... hope you were holding a bucket load ... good luck pal .

[kennyp52] 20/7/2020 19:26

Larry laffer ... that just about sums it up 🎲

[fenners66] 20/7/2020 19:18

Surely we need more detail than that ... increases by the cent ?

[martinfrench] 20/7/2020 18:03

Are you going to give us a dollar by dollar paste of gold going up then Azalea ?

[azalea] 20/7/2020 15:47

With the p.o.g reaching $1820 and heading for $1825, CEY's share price is only just beginning to reflect what's going on. Whilst profit taking in the p.o..g. is putting it lower, it soon rises back even stronger.

[lyceeuk] 20/7/2020 13:59

sorry wrong thread

[azalea] 20/7/2020 12:38

With the p.o.g. heading for $1815, with the potential to reach $1825, if the latter is reached, it could herald the point of no return. The all time high for the p.o.g was $1900 in 2011, at that time the debt level was relatively peanuts, compared to the several trillion dollars today.

[azalea] 20/7/2020 12:11

Given the strong likelihood that there will be a second PPP programme in an attempt to alleviate the existing financial crisis that will be seen in the coming months, the amount allocated, might well be proved inadequate, when the full impact of the latest surge in number of virus infections and deaths are published. Even so, the soon to be announced amount will further increase the already massive financial debt the Fed Reserve/U.S. Treasury have created in supporting failing companies and buying junk status bonds all aimed at supporting the U.S. stock market.So much so, that even if a successful vaccine is produced, it will take several years for the U.S. economy to recover anywhere near a position of prosperity enjoyed pre Covid -19.

[fenners66] 20/7/2020 10:58

> metis20
17 Jul '20 - 19:54 - 38543 of 38553
"Edit - One assumption in the above is that there is no shift in US dollar value relative to pound sterling."

As I said in my post "I know the increase in selling price has a higher impact on profits"

But there is no guarantee that POG has an inverse correlation of 1 with the US $ and therefore the impact of a fall in the US $ - bearing in mind we are a £ denominated share price and dividend - which would impact all existing profits , will be positive overall.

A large jump in the $ price of gold would negatively impact gold use demand for everyone that used US $ as their currency of choice rather than just translating it from their currency.

[geckotheglorious] 20/7/2020 08:26

Anyone know of Yamana Gold?

Yamana Gold said it is in advanced stages of the listing process on the London Stock Exchange and intends for common shares to be admitted to the standard segment of the Official List and to trading on the LSE's Main Market in "the next few months".

The company, already listed in the US and Canada, has a market capitalisation of USD5.1 billion according to a US Security & Exchange Commission filing.

Yamana said that in addition to its other listings on the New York Stock Exchange and the Toronto Stock Exchange, it believes that a listing on the LSE will bring European investors on to the company's share register. It added that is not intending to raise equity capital in conjunction with the LSE listing.

Yamana is a Canadian-based precious metals producer with significant gold and silver production, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile and Argentina.

"This is an ideal time to be joining the London market. Yamana is in as strong a position as it has ever been, with a strong and rising cash flow profile, an outstanding portfolio of producing mines and projects, and a number of compelling opportunities to grow organically. We have the balance sheet strength to advance these opportunities while continuing to increase shareholder returns, as evidenced by the three increases to our dividend over the past 12 months," said Chair Peter Marrone.

[kennyp52] 19/7/2020 22:53

Will .... Azalaea ..... post anything to do with the fundamental of CEY ... or is she a blatant gold ramper trying to get 10% before they clear off never to be seen again ? I don’t mind gold going up ... but not at the expense of 35% Loss in dollar value ..... which gold is traded in ! 🥱

[azalea] 19/7/2020 13:14

On Monday, when the Senate reconvenes, the first order of the day is likely to involve a debate on a second stimulus package ready for the president to sign by the end of the month. Two questions that will concern stock market pundits and investors, are

a. Will the stimulus be big enough to dampen major concerns over mortgage repayments and expectation of higher unemployment numbers.

b. Will Senate have enough time to discuss the issues involved and reach an agreement in time for the president to sign before August 1. If neither are achieved, then we should expect to see the start of a major retreat in the U.s markets indexes,which is already being suggested in the numbers at the close on Friday.