Centamin Share Discussion Threads

[azalea] 24/7/2020 12:39

Umat--
i'm not sure where you are coming from. I totally agree with your statement "when America sneezes the world catches a cold", because it perfectly illustrates the relationship between the U.S. economy and most other economies in the world. Now that the U.S. is about to catch a cold, some of the other economies, for several reasons could catch the potential killer disease- pneumonia. That said, of specific interest to me, are the situations forecast by Alasdair Macleod that are going to result in the title of his latest talk on you Tube, 'Price of gold and silver is infinity', becoming a reality.

[azalea] 24/7/2020 11:21

It will happen quite soon, especially for gold producers. As UK and EU falling market indexes completes the global circle, we are likely to see the U.S.continuing the downward spiral today. With the F.R. prints even more money to finance the second stimulus package, estimated to cost 2.1 trillion dollars, adding to the woes of the value of the already weakening of the dollar,, investors/traders will realise the game is up for most general U.S. stocks.

[juju44] 24/7/2020 09:06

The miners generally have not yet reflected the fact that gold is heading into blue sky territory . Its time we had a serious surge north

[kennyp52] 24/7/2020 09:06

Your the rubbish trader so you should know mate . Run back to FRES or SRB where you are getting bashed .

[trader536] 24/7/2020 09:04

The bins need emptying clown, run along

[azalea] 24/7/2020 09:01

Umat--
good morning. I think investors are finally getting the message with regards to the p.o.g. I have am now fully invested this morning. When, not if, Alasdair Macleod's warnings start to materialise, then I expect to see global market indexes falling like a stone and the p.o.g hit $2000.
Stay safe.

[trader536] 24/7/2020 08:52

It’s up 100% in 3 months and idiots are complaining and expecting more lol

[martinfrench] 24/7/2020 08:49

Anyone here thought that with gold at 1894 an ounce we would be sub £2 ?

Nope me neither, we were around this level 70 odd dollars ago

Equity mkt being being down shouldn't have this kind of effect

[martinfrench] 24/7/2020 08:47

Think the ship has sailed Kenny on Azalea posting dangerous nonsense.

Not entirely sure if it is just a standard investor gone long or something else, but not buying it for s dollar (even if worth 0 haha)

[kennyp52] 24/7/2020 08:34

For how long Azalea ? Give us that forecast as short term doesn’t really float my boat .

“ The value of the dollar is going to zero.”

Azalea .. that would , in my opinion , cause Armageddon ... as in nuclear .... US already trying to pick fights with nuclear nations . If it’s cornered like an injured animal it’s capable of doing anything . Please consider what you post as some of it is just nonsence and dangerous .

[kennyp52] 24/7/2020 08:23

Gold over $1890 , CEY down 😂

[azalea] 24/7/2020 07:07

Peter Schiff
Investors are oblivious to gold's warnings, which is indicating the value of the dollar is falling, and the further it falls foreigners holding U.S. bonds will start selling them, but who will buy something that is falling in value. It has to be the F.R. and to do so, they will have to print more money, which is what they are going to have to do in funding the second stimulus package. Both of these actions are going to cause the value of the dollar to fall further, the more it does, the more foreigners will sell their bonds and so the downward spiral in the value of the dollar will continue and at an increased rate. Which in turn will increase the p.o.g.

[redbaron10] 23/7/2020 18:11

I know Larry Kudlow,Trump's economic advisor, is a gold hater so anything is possible.As far as Trump is concerned he needs to keep the economy and the Dow,S&P 500 and the Nasdaq show on the road for any chance of re-election in November.

[huncher] 23/7/2020 17:19

Redbaron agreed but that won't stop the Fed from trying although I do think the market will blow them away eventually. T&C's I am a mere mortal but they are my thoughts.

[pleaty1] 23/7/2020 17:12

Interested to know why people think that CEY shod track with the gold price. Surely we need a sustained higher average than the previous month/quarter.

Is anyone familiar with the procedure of how CEY sell their gold. I can't imagine they are running down to cash for Gold everytime the POG goes up a few dollars.

Do they sell daily, monthly, quarterly. Can they take advantage of a sudden spike in price. Or do they as I suspect, sell at certain periods, therefore they will only benefit if this becomes a prolonged rise in POG.

[redbaron10] 23/7/2020 17:04

PM prices seem to have a momentum of their own.Ever since Trump donned a face mask in public and said the pandemic would get worse before it got better then investors are selling the dollar,and with equity markets at these heights,the safest refuge is PMs.Excusing the pun,but the mask has slipped from those in the markets trying to convince everyone a V-shaped recovery is on.With lockdowns still prevalent and high global infection rates daily,and no vaccine yet available the pain is only just starting for some economies.

[huncher] 23/7/2020 16:56

azalea. The Fed is doing everything within it powers to maintain confidence in the market - all bets are off after November. A rising gold price strikes at the heart of their efforts and given leverage of 3,4,500%(who actually knows it could be more) of paper to gold and the cheap money/guarantees to their proxies they effectively can influence if not control the gold price,at least in the short term.

[ukgeorge] 23/7/2020 16:38

£2 tomorrow :)