Centamin Share Discussion Threads

[larry laffer] 22/7/2020 07:26

Today should be a good opportunity for CEY to test £2.

1850/60 spot gold.

[amaretto1] 22/7/2020 07:06

FRES update not that good

[martinfrench] 22/7/2020 06:53

With gold at 1857 odd, no more messing around today centamin, and if you need a guide on how to react to rising metals learn your lesson from slp

[ukgeorge] 22/7/2020 06:49

Fingers crossed for the first run at breaking £2 today

[martinfrench] 22/7/2020 06:16

Kenny,

Think your right regarding Fres,

Profit taking before today's rns

[azalea] 22/7/2020 06:11

Hi Umat---
This morning I have updated/edited my post of yesterday. In essence there is going to be no recovery in the U.S. and investors have finally realised this and are fleeing to the safe haven of gold and gold producing mining stocks. Red barron10 was right, I had to look twice at the overnight rise in the p.o.g., $1900 now well within reach.
Huncher in his post 592 was right, reference Geo Politics could be affecting CEY share price

Stay safe my friend.

[redbaron10] 21/7/2020 22:41

Trump has just conjectured that the coronavirus pandemic may get worse in the US before it gets better.That may give pog another leg up,we will have to wait and see.

[kennyp52] 21/7/2020 21:13

Martinfrench... FRES probably down due to pre production RNS tomorrow and people cashing in the share recovery - if the production is off target again its likely to get hammered by the market . CEY Down ... for no particular reason other than possibly strengthening sterling ? It hardly ever does what you want on daily basis but likely jump tomorrow ?

[azalea] 21/7/2020 21:02

Even with a second stimulus package, given the rising infections, deaths and consequential unemployment numbers, its going to take several years before the U.S. recovers from this pandemic, regardless of who the next president is.
Edit 22/7 05.55hrs
I had to look twice at the overnight rise in the p.o.g., $1900oz here we come. At the close, even the seemingly much admire Nasdaq, could not remain in positive territory -86pts. As the president has now admitted "things are going to get worse" and investors are listening and putting their money in gold.

[redbaron10] 21/7/2020 19:16

Talk about the boy crying wolf.The US markets are experiencing 'vaccine' fatigue.You can only call an end to this pandemic so many times before reality sets in and the markets realise a 'V-shaped' recovery is becoming increasingly fanciful.The economic damage being inflicted is immeasurable in economic and monetary terms.The US economy is 70% based on consumer spending.How long will this take to recover to pre Covid-19 levels? As far as Trump and the Federal Reserve is concerned,the sooner the better.Trump in his weekend media interview even went so far as to say he might not concede the election to Biden if he were to lose the election Nov 3rd.With uncertainty like that why not just hold and wait to see what happens?Gold and precious metals are acquiring safe havens of last resort as far as investments are concerned imho.And the dollar index is now telling its own story regarding its weakening outlook.

[huncher] 21/7/2020 18:43

Would hope so but when you mix politics and religion anything can happen. Sitting on a significant amount here so a bit hyper.

[azalea] 21/7/2020 18:21

Huncher
Given the rise in the p.o.g and a steady pound, its an odd situation and could well be down to Geo Politics. That said, I would expect Egypt's leader Ahdel Fattah AI Sisi, with his military background not to allow the country's economy to be influenced by external matters.

[martinfrench] 21/7/2020 17:55

Although fresnillo dropped as much, with a huge day for silver and gold

Probably a seller or mkt mechanics or both

[martinfrench] 21/7/2020 17:53

Quite possibly

[huncher] 21/7/2020 17:43

Drop could reflect Geo Politics - Egypt Gov has approved use of ground troops in Libya(conflict with Turkey) first time external since Kuwait in 91.

[martinfrench] 21/7/2020 16:31

agreed Umat,

its got so bad (for all you baseball fans out there) that canada wont let the blue jays play home games in toronto or visit US teams on a regular basis.

season starts friday, and they have to find a neutral ground

canada has virtually 0 cases, US on the rise.

[ifthecapfits] 21/7/2020 15:52

I don't think we can complaint about the share price action lately..

[ukgeorge] 21/7/2020 15:27

Surely when £2 gets taken out there is a big run, all the fund managers will be wanting exposure to precious metals soon, there aren't many options in london now, CEY, POLY, FRES fingers crossed this rally has legs :)

[juju44] 21/7/2020 15:21

would someone tell CEY there is a charging gold bull out there

[azalea] 21/7/2020 15:08

Has the Nasdaq index topped today, as we see the DJIA active circa +260-280pts, S&P +19pts whilst the Nasdaq is in and out of negative territory?

[martinfrench] 21/7/2020 15:06

dont think this is a tree shake, somebody offloading a sizeable chunk, prob due to covid based fund redemeptions.

we should be minimum 198+ based on this gold price