Centamin Share Discussion Threads

[chrismcglone] 30/7/2020 15:01

I don’t go in much for strategies. I used to trade a lot but these days, I’m a pretty steady buy and hold investor.

However, how often will you get a better opportunity in the markets to ‘buy the dips’?

I reckon you could start buying - even at these levels - any decent pullback and rarely will you see better odds on averaging down on your investment here.

Not intended as advice :-)

[trader536] 30/7/2020 11:01

All that trading and still the same average lol idiot!

[trader536] 30/7/2020 10:59

trader365 - 01 May 2020 - 16:52:06 - 37703 of 38843 Centamin Egypt Ltd - Multi Million oz Gold deposit - CEY
Kenny the clown claimed to have an average of 72p in May 2019, October 2019, April 2020 and again in May 2020! Lol a laugh a minute on ADVFN clowns galore...


kennyp52 - 06 May 2019 - 17:22:17 - 32492 of 37703 Centamin Egypt Ltd
been buying back in since with average 89 not including day trading profits and dividends .. which bring me down to 72p mate

kennyp52 - 03 Oct 2019 - 12:50:46 - 34659 of 37703 Centamin Egypt Ltd
Buying opportunity again IMHO ... something I used last time to get my average to 72p , day trading with stevedaytrader and boris regularly on the way back up

kennyp52 - 02 Apr 2020 - 13:38:43 - 37307 of 37703 Centamin Egypt Ltd
Yes done plenty of trades in the past with stevedaytader doing the same where I was selling £20k at 2/3p more and buying back same day ... it’s called making money and averageD me down to 72p . Not bad for a clown . Took most of them out at 130p

kennyp52 - 01 May 2020 - 10:09:56 - 37696 of 37703 Centamin Egypt Ltd
When your average is 72p you really are not too worried about the market taking a breather

[martinfrench] 30/7/2020 10:05

azalea,

if i had a £1 for every time you have mentioned comex defaulting, i could buy....prob one centamin share.

very good for a clown kenny :-)

[kennyp52] 30/7/2020 09:24

.... and here come some results ... surprise surprise the banks are making massive provisions . There will be a lot of ( for now ) non dividend paying shares like Lloyds that will only need to report any negativity and the share price will suffer even more . Keep saying it CEY , HGM ... increased dividend paying solid businesses enjoying exceptional profitability on the back of POG . Only trader536 cannot see that and failed to buy in in the 80s / 90s . Average now 72p for me .. happy days . Not bad for a clown 🤡

[kennyp52] 30/7/2020 09:19

Agreed Stevedaytrader ... but you see a pattern of POG dropping nearly every day prior the LSE open . When it does that consistently it looks manipulated .

[stevedaytrader] 30/7/2020 09:13

Not CEY related but did anyone see "Eastman Kodak Company" since Monday... ~2.62USD on Monday at 16:00, 33USD at close yesterday... of course, not invested there- incredible "Kodak shares surged as much as 1,900% in two days after the camera company was awarded a $765 million government loan to make drug ingredients in response to the coronavirus pandemic".

[stevedaytrader] 30/7/2020 08:33

Yep Kenny :-(. gold down a little, but as I keep reminding people, this is a stock, and so when general markets struggle, so does CEY- not always, but more often than not. This is why we do not want a crash.

[kennyp52] 30/7/2020 08:28

Europe open .. .down it goes

[azalea] 30/7/2020 08:15

LL
It's not MY prediction, its Alasdair Macleod's. As you should know it's based on Comex defaulting -unable to honour its contracts to supply physical gold. Given that G.S. is forecasting p.o.g. to go to $2300, will it and other banks start to buy physical gold?

To continue.
J. Powell, has acknowledged that the U.S. economy is in dire straits and he will continue to print more money as necessary. With the numbers of unemployed and virus infections and deaths continuing to rise, the stimulus package is going to be circa 1.5 trillion dollars, company Q2 results are not going to be poor, with Chapter 11 numbers increasing; one thing is certain, the F.R. is going to be printing a lot more money.

All of which should further devalue the dollar and increase the p.o.g. Despite there being a wall of pundit's opinion that the stock market is seriously overvalued and that the price of gold will go much higher, neither of these two predictions have yet to be realised. In the belief that the latter is just a question of time, I have bought more shares in CEY. A £3 share price would do me just fine.

What I have yet to understand is the continuing gyrations in the p.o.g.

[larry laffer] 30/7/2020 08:00

“investors will put their money in a more stable currency - gold......”

If there’s one term you couldn’t use in the most volatile of times in history it’s “stable”.

If your predictions are right about gold going to infinity it’s even less stable, the worlds financial market will turn upside down, inside out, and the Third World War, and probably last, will kick off.

Me I just want it to get to CEY at £3. Then I’m offski.

[azalea] 30/7/2020 06:49

amaretto1
How so? The common premise is that QE(Fed printing trillions of more dollars) will further devalue the dollar, which will lead to a cost of essential goods/food, to increase. In turn, in order to preserve their purchasing power, investors will put their money in a more stable currency - gold.

[kennyp52] 29/7/2020 22:47

PGMs are at very decent prices today . Small correction and move on . Plat @ $925 ; Palladium $2076 ..... Rhodium $6800 ... fine by me

[stevedaytrader] 29/7/2020 22:00

As I said Martin- rumours/leaks... Fed meeting... my comments remain valid

[amaretto1] 29/7/2020 21:52

No it is not !!QE is bad for gold

[martinfrench] 29/7/2020 21:33

Disagree Steve, think things are going to get interesting again.

Gold did recover but how do you explain the other pgm drops ?

[azalea] 29/7/2020 20:55

So far. its up up and away, one step back and three steps forward. How high the p.o.g is going to settle at is anyone's guess.More to the point is what is behind the jump in the price so far?

[kennyp52] 29/7/2020 20:46

Looks severely manipulated ... hit $1978 to fall to $1952 and now trading @ $1969 . Ridiculous movements . Smells of panic stations with the city boys not having a clue what they are doing watching those charts . Time for these bankers to start getting the sack and allow the market to trade properly .

[stevedaytrader] 29/7/2020 19:54

You keep pumping gold Azlea and now say it will drop when there is no reason behind it- in fact the opposite as the FED meet, QE is good for gold and stocks...

[stevedaytrader] 29/7/2020 17:36

Nope Martin- nothing like March mini meltdown- at this time all indices were down massively, which they are not, crypto is up which again was smashed. Fingers crossed for some good leaky stuff from the FED...

[azalea] 29/7/2020 15:28

At this rate yesterday's low of circa $1932.20 could be revisited.

[martinfrench] 29/7/2020 15:18

one of thos days that reminds me of the start of the virus, some people clearly liquidating profitable positions

gold down and platinum and palladium getting murdered, and all this on a weaker dollar!

silver off too....

which prob means US indices next for a decent hit